Clay SEIA - 9/20/2014 21:44
kagen - 9/20/2014 21:18This info is from Iowa State
http://www.extension.iastate.edu/agdm/crops/pdf/a1-21.pdf. In '80 avg. COP in Iowa was 303, avg yield was 115 bu and avg. COP was 2.64 per bu. In '14, avg COP is 782, avg. yield was 177 bu and avg. COP is 4.43 per bu. Avg price in '80 was 1.80 and currently it is +- 2.75. Using these figures, farmers in '80 were 84 cents per bu under COP and 1.68 per bu under COP currently.
I would like some further verification on where they came up with an average of $1.80 for 1980 price. Futures low for the '79-80 marketing year was $2.56, and $2.88 for '80-81. If anything, the price of corn today in relation to inputs is FAR worse.