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SE MN | Now subtract seed and fertilizer from your $600…. And don’t forget about $1.50 LP if you can take transport loads to dry the 25% corn. Let’s say your super efficient and it costs you $25/acre to dry it. In December, when you harvest it.
And if you are going to use options an ATM put is around $0.65/bu. Maybe you can sell a call and get down to $0.20/bu or so. There’s another $30/acre.
Also, your area has a positive NC basis? Only way I can see you would get $7.40 on the bushels you do grow today. Even a $0.25 under basis knocks another $35-$40 off that $600 assuming you grow 150 bpa corn…
That possible payoff seems to be shrinking.
Edited by Agr723 5/24/2022 06:18
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Lotts_valley
