Jeezzz MT...he answered you straight up, 12.80, which is obviously a realistic number, frankly it is too high, but it is not a bs number for him apparently. (I happen to know he is a fairly successful farmer btw...a bit irrationally exuberant at the end of bear markets maybe...but a farmer none the less :-) )
Ehoff knows mine, or course my number is pretty irrelevant to anyone else, so why share it for you guys to chew up?
Besides, cost is only 1 variable in a multi-variant equation. Since we can count on commodities averaging below their cost of production over the long-term, surviving obviously will not be a cost issue on its own. jme It is certainly not yield, price is not the whole thing, it is the whole thing together, with financial structure probably being the most important. Always has been.
Just to tease you a bit, we are about 50% through with harvest on beans, averaging well over 65, which puts our costs somewhere under $10, all acres rent, health ins for all, etc...but really who cares. We won't average 65 again for a few years...PEAK BEANS :-)
You might remember I said the statistics for the 2014 corn yield implied 175...pretty close for a calc I did in 2012. Not that your peak ego will allow anyone else to be correct for a moment in TIME.
