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Illinois Corn Growth Costs
"In 2014, the total of all economic costs per acre for growing corn in Illinois averaged $1,045 in the northern section, $1,002 in the central section for farmland with "high" soil ratings, $955 in the central section for farmland with "low" soil ratings, and $895 in the southern section. Soybean costs per acre were $745, $758, $685 and $664, respectively (see Table 1). Costs were lower in southern Illinois primarily because of lower land costs. The total of all economic costs per bushel in the different sections of the state ranged from $4.34 to $5.10 for corn and from $11.23 to $12.21 for soybeans. Variations in this cost were related to weather, yields, and land quality."
http://farmdocdaily.illinois.edu/2015/06/cost-to-produce-corn-and-soybeans-IL-2014.html
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Re: Illinois Corn Growth Costs
Jim it is a train wreck coming, thanks for posting this.....
If the "free" market system is working there will be reductions to production brought about by economic restriction.... Assuming no Government interference....
But then I can't remember a time when there wasn't government interference.
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Re: Illinois Corn Growth Costs
Raising $3.50 bushel product at those figures doesn't leave to much room for error - chalk it up to experience maybe ?