WebOct 27, 2024 · Since 2013, rotation soybeans have been relatively more profitable than rotation corn. The average difference in earnings for corn and soybeans from 2013 to 2024 was $75 per acre. The difference in earnings per acre during this period ranged from $40 in 2015 to $115 in 2024. The average difference in 2024 is projected to be $54 per acre. … WebCash base + 25% over $700 per acre gross. Base of $150/acre + 1/3 of corn bushels above APH yield at market price on November 1st. There is up to $30 per acre bonus on the soybean acres if gross income (yield x November cash price) is over $500/acre. There is a $40/acre bonus if corn gross income is over $650/acre.
Risks for 2024 Grain Farm Returns - farmdoc daily
WebAs of 2024, the average price for corn in the United States is around $5 per bushel. The average yield per acre for corn in the U.S. is around 176 bushels per acre. Based on these … WebMar 14, 2024 · Gross farm income reflects the total value of agricultural output plus Government farm program payments. Net farm income (NFI) reflects income after expenses from production in the current year and is calculated by subtracting farm production … U.S. agricultural production relies heavily on the Nation’s land, water, and other na… U.S. sector gross cash farm income (GCFI) is measured as annual income before … chinese community in toronto
Risks for 2024 Grain Farm Returns - farmdoc daily
WebAug 8, 2024 · The average corn profit since 1968 has been $0.05/bu, however in the last 5 years the cost to price margin was, on average, -$0.05/bu, if this average is extended to 10 years the average corn profit per bushel is $0.49/bu. The increase between the five and ten-year averages is because the very high prices of the drought years (2011-2013) are ... WebYield multiplied by price equals the total production return per acre. Adding miscellaneous income (straw, crop insurance, etc.) equals the gross return per acre. ... Data includes all … WebOct 1, 2024 · More than 200 counties across the Corn Belt had county average rental rates above $200 per acre, with the highest rental rate, $297 per acre, in Moultrie County, Illinois. Figure 2 highlights 2024 county average rental rates for non-irrigated cropland. The national average rental rate for irrigated cropland in 2024 was $220 per acre. chinese community in rochester ny