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04-05-2017 10:24 AM
The University of Illinois say soybean profitability is still better than corn after the recent USDA report caused price changes. The deal is, the expected income is lower.
Not good for the bottom line that soybeans still make more money - but less of it - than corn.
I'm growing corn anyway.
04-05-2017 11:38 AM
Well, it`s a difference in location, right now "here" NC corn is $3.49 and NC beans is $8.80, so I`d have to knock off 11¢ Farm Doc`s corn and 40¢ off their bean price. In addition I think the next 25¢ down in either will easier come on the bean side...for that matter 25¢ could come off corn, but beans could take a buck off without batting an eye.
Another thing about "here" I can dial in 200 bushel corn, but I`m still not comfortable dialing in anything over 50 on beans, last year`s 70bu beans notwithstanding. So Corn Baby, Corn!
04-05-2017 01:34 PM
04-06-2017 10:47 AM - edited 04-06-2017 10:49 AM
I wonder how they got direct corn cost $200 per acre higher than beans.
For us, for 2017 corn direct costs are 231 and beans are 140, only 90 different.
The difference is corn seed of $34, and nitrogen costs of $52, plus dryer gas.
That one difference would really blow their analysis out of the water.
Of course, IL being close to the rivers has always made them more profitable than ND.
Land values kind of prove the point I suppose.
The real question for the ND guys is why plant corn or beans, wheat would lose
less money right?
04-06-2017 07:34 PM
04-06-2017 07:42 PM
04-07-2017 12:07 PM
Thanks for the info ND...it takes real men to farm up there. Real men...we can just plant it and it mostly grows :-)
To steal a phrase from an old timer here who vanished into the wind...