Townsend, Montana | jd8850 - 10/30/2023 23:07
Im not sure how you can get $9 in Montana, maybe to the bread place?
Or organic?
Either scenario is not typical of over 90% of growing areas.
Anyone can grow wheat profitably at $9. Not so much at $5 to 6.
Rent, seed, fert, insecticide, herbicide, harvesting puts you well over $200/acre input in our area, at least.
So at 23 bushel we wd only go backwards $100 per acre.
It was over $9 for awhile in July. We had decent basis this summer compared to the rest of the country. Should have sold a bunch of spring wheat as well but didn't.
When you only plan on a 20 bu crop average and get average yields with well above average prices, it pencils well. It doesn't take much of any fertilizer to grow 20 bu and 20 bu wheat ground isn't very desirable to rent. It sat fallow for over 5 years because no one would rent it. They let me have it for free for 3 years just to clean it up so they could try to get it planted to grass.
I had about $100/acre into it. Going to be the field with the largest profit margin by far this year. |
Wheat ????
