coup - 10/1/2023 11:52
GrainTrader - 10/1/2023 09:12
In the fella’s defense, it sound like 23 acres made 86, not his whole farm. (Unless i miss understood).
With my assumption of a 3 year down cycle coming up after this spring, I probably wouldn’t be getting too aggressive right now on a multi year lease like that.
Becks paid about $22,000 an acre for a family friends farm in Tipton county this fall, but it adjoined a farm they already owned and likely prime seed corn production ground. Sad part was they bought it out from under a seed grower of theirs already.
In this post corn fields thus far made 225,238, and 245x $5 = $1125 - $1225 acre
https://talk.newagtalk.com/forums/thread-view.asp?tid=1131254&mid=10...
In this post NGMO beans @ 77 bu acre x $15= $1155 acre.
If can't make $425 rent work with these numbers, there is some serious overspending.
https://talk.newagtalk.com/forums/thread-view.asp?tid=1130153&posts=...
Folks that require rented ground to farm and require borrowed money to operate , had better figure out sooner than later how to operate on the lean side. AS margins look to get squeezed more and more every year going forward.
Don’t forget that some folks are corporations and have to buy out family member shares and pay insurance on them to keep what they have but then again that’s none of your business. Sometimes farming includes more obstacles than your typical inputs and expenses but sounds like you have it pretty well made. Are you hiring?
Better get the beans in boys/girls
