East Central South Dakota | Our land costs are structured for 100-120 bushel corn and once a while we hit 170-180----and technology makes it happen more often now. Those are the "get ahead years". Corn belt land costs are structured for 180 bushels and they sometimes get a 200 and seldom less than the 180. Smaller coefficient of variability number on yields and it is reflected in the cost of land. You take some risk out --you also take some profit out---economics 101. Its all about consistent yields that are then reflected into land costs. We have had a run of good yield years and the price of our land is starting to show it. |
Can the boat lean any farther?
