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EC Nebraska |
Back when Frytown made that "farming the board" post, I believe he was talking about the effect of "renting" another quarter on the board. So I'd like to rent a nice dryland quarter for $150/acre. That quarter would get 160 bpa pretty easily. It might get a few more inputs than the list I ran down before, say variable costs of $250/acre. Add in the 150 rent, you get $400 marginal costs. And, of course, if I'm going to the hassle and risk of renting ground "on the board," then I expect 165 yields from that.
So that field has a marginal COP of $2.42/bushel. In all seriousness, if a red dec gets down below $2.40 I will seriously consider "farming the board".
But it's a long ways from there right now. | |
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What happens next
