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Senior Advisor
Posts: 3,228
Registered: ‎04-30-2010
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Where To Save $100 Per Acre

The University of Illinois has a paper out discussing where some farmers may try to cut costs for 2016.

It's obvious that cash rent has increased a lot and is a prime target for reductions.  Where do you look if landlords won't talk?

 

Lower machinery costs will lower depreciation over time.

Seed costs could be inspected to see if a cheaper hybrid or lower seeding rate will work.

Pesticides might get attention, especiallly fungicide

Fertilizer can be cut but may have to be paid back later

Drying costs aren't all that high

Crop insurance might save a few bucks an acre

 

All of us will look across the board, but no matter how you slice it, cash rents are going to havve to come down.  

 

Here is the article, well worth reading.

 

http://farmdocdaily.illinois.edu/2015/09/cutting-100-per-acre-in-costs-corn-soybeans.html