WebFeb 26, 2024 · The 2024 projected yield at 55 bushels per acre is down from the 74 bushels per acre yield recorded in 2024. MFP revenue for soybeans in 2024 was $82 per acre, down by $40 per acre from the 2024 level of $122 per acre. Farmer returns for 2024 is projected at a negative $52 per acre, an additional $20 loss from the negative $32 level in 2024. WebProjected returns range from $13.50 per acre for dryland corn to $194.55 per acre for …
Soybean Production Costs & Returns in the U.S. and Ohio
WebMar 14, 2024 · Corn, soybeans accounted for half of all U.S. crop cash receipts in 2024 Crop cash receipts totaled $241.0 billion in calendar year 2024. Receipts from corn and soybeans accounted for $121.2 billion (50.3 percent) of the total. Cattle/calf receipts comprised the … U.S. agricultural production relies heavily on the Nation’s land, water, and other natural … U.S. sector gross cash farm income (GCFI) is measured as annual income before … WebCommodity Planted All Purpose Acres Harvested Acres Yield Production Price per Unit Value of Production in Dollars; HAY & HAYLAGE: HAY & HAYLAGE: 1,750,000 how to splice 2 wires into 1
Cash Rents and Net Returns for Different Corn Price and Yield …
WebAug 7, 2024 · A central Illinois corn farmer will make a $24 per acre profit in 2024 after paying for inputs and land costs, according to the latest crop budgets from the University of Illinois. The return on soybeans fares better at $150 per acre because fertilizer, seed and drying costs for soybeans are projected to be $226 per acre cheaper than for corn. WebNov 15, 2024 · For a 1,500-acre farm, that margin would result in $112,500 of net farm income from grain operations. For the ten years from 2012 to 2024, net income on Illinois grain farms averaged $160,000 per farm (farmdoc daily, November 15, 2024). Total cost plus a $75 margin equals $1,303 per acre for corn and $977 for soybeans (see Figure 1). … WebApr 5, 2024 · Brown says using 2024 numbers, it costs about $400 an acre to plant corn on ground that may yield 150 bushels per acre. At a price of $3.50 per bushel for corn, he says that amounts to a profit of $129 per acre if there are no costs associated with the land. He says it costs about $297 per acre to seed and prepare hay ground. re5j school calendar