Cost of Production

The age of marijuana farming in the U.S. has arrived, although most farmers are caught on the sidelines. As individual state cultivation barriers topple at a dizzying pace, U.S. agriculture’s billion-dollar dance with marijuana has begun and there will be no strike of the clock at midnight.

Jimmy Frederick attributes 163.9 bu. soybeans to seed population, spacing and biologicals. Essentially, he says the booming yields were established when the planter rolled.

Written by: Brenton Rossman, Retail Account Lead for Premier Crop Systems

This year marked some intense challenges and opportunities for farmers. Enjoy this look back at the key issues farmers faced.

When outlining your budgets for the rest of the year, accurately account for costs and decide if you want to spend a little more on soybean acres to boost yields.

Learn how to save labor, fuel and equipment costs with this conservation practice.

Green beans are harvested in June and can be double cropped to green beans again or to soybeans. For Turner, it’s a $100 per acre minimum benefit over corn or soybeans.

In just a couple of years, Nathan Garner will face a one-of-a-kind job interview. His father, along with three other senior farm partners, will ask him questions and decide if he will to help run Heglar Creek Farms.

If you’re putting a pencil to your corn cost of production for 2018, consider the blog that Joe Lauer, University of Wisconsin agronomist, released this morning. Lauer reports that the “cost of production in 2018 is predicted to be $645 per acre. The breakeven price for corn at a yield level of 200 bu/A is $3.23 per bushel, at 180 bu/A is $3.58 per bushel, and at 160 bu/A is $4.03. Today, December corn on the CBOT closed at $3.85 per bushel making the 2018 growing season a challenging one economically.” Lauer references the annual Agricultural Resource Management Survey (ARMS) to develop his snapshot on expected costs of production. The estimates exclude costs for marketing and storage. ARMS collection begins in the fall and then is completed the following spring; the 2017 survey is still underway. Lauer notes that the “cost of corn production in 2016 was $665 per acre in the Heartland region and $587 per acre in the Northern Crescent (Figure 2).”

Advocates: Hemp could again dominate Pennsylvania fields