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Iowa | As stated, it really depends on how you figure costs. For me, I'm in a multi generational farming operation. 800 acres of owned land 700 acres of it is paid for, only debt is the remaining 100 or so I bought 4 years ago. All equipment is low hour 10-20 year old stuff in good shape. No hired help, no rented ground, honestly on paper if you only figure my yearly expenses (no living expenses) in of the operation I can make money on anything over $2.50 corn and $8.25 soybeans with average yeilds.
But given this is a business, stuff eventually needs replacing, if I figure in lets say ISU custom rates for each pass I do for a more realistic view on equipment depreciation and labor/cost of living expenses the numbers look much different... at least %50 higher | |
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Are you losing money at these prices?
