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Eastern ND | ......But if sold 80 bu @ $5 and fall price for Ins. is $8, harvest 60 bu and buy 20 @ $8 to fill contract = ?. 180 APH @ %75 = 135 bu X $8=$ 1080. $1080- $480 ( 60 bu harvested X $8 Ins. price) =$600 (from Ins.) +$400 (contracte bu) =1000. $1000 -$160 (remainder of contract) =$840 gross. Now deduct $200 fert, $100 seed, $40 chem/insect, $20 fuel, $45 ins, $350 rent, $25 repairs, add in real estate taxes, electric and other misc and those "grossed this kind of $" disapears very fast. This example leaves $60 to live on. Health ins, Life ins, vehicle ins, food, shelter, dentist, eye doctor, doctor, cable, phone(s), electricity, personal fuel, vacation, house repairs, retirement funding, Taxes........ | |
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