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| Hay is expensive and pasture is almost impossible to rent. My guess is a lot of the new corn acres will be going back to other uses if/when corn prices stay below $4 for a year or two. Right now even the worst farm in the county can be profitable by raising corn or collecting crop insurance.
Currently the trend is to bring more marginal acres into corn production. Once that trend reverses, we can start to see some yield gains. We are still getting gains on the good dirt. Just not enought to offset all the sub 130 bu corn ground coming into prodcution. | |
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Peak Trendline
