$3 Corn

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Stocker Steve

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Joined
May 2, 2005
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Central Minnesota
I stopped at the local elevator today to buy salt. They are paying $3.10 per bu for corn. After a drying deduct -- you are looking at a number with a 2 in the front. Local yields are running 60 to 130 bu/acre. So, you are not going to pay for a new tractor by grossing $300 per acre...
 
Stocker Steve":39nsjj7f said:
I stopped at the local elevator today to buy salt. They are paying $3.10 per bu for corn. After a drying deduct -- you are looking at a number with a 2 in the front. Local yields are running 60 to 130 bu/acre. So, you are not going to pay for a new tractor by grossing $300 per acre...
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Watch for those fields with 4 rows of corn left in them.....that's the real money corn..."Crop Insurance". :nod:
 
Stocker Steve":1mahiw0d said:
I stopped at the local elevator today to buy salt. They are paying $3.10 per bu for corn. After a drying deduct -- you are looking at a number with a 2 in the front. Local yields are running 60 to 130 bu/acre. So, you are not going to pay for a new tractor by grossing $300 per acre...
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It really would not be making any money with some of the rent rates.
 
Your not going to break even or make a rent payment on 300 gross. A lot of people think you get rich on insurance. It honestly don't work that way. For a profit with insurance you would have to have a great average yield history on that far and leave out about everything but the seed for that year. I don't see how anyone could make less than 150 p/a work on paper or real world. Some local guys here forward sold early last year for 5.10 and are doing 250 bpa that works .
 
I used to get excited about cheap grain. It occurs to me, that all I feed anymore is a byproduct anyway. They don't seem to pass the savings on to the customer.
 
Bigfoot":1ipvreyk said:
I used to get excited about cheap grain. It occurs to me, that all I feed anymore is a byproduct anyway. They don't seem to pass the savings on to the customer.
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With the exception of the "grain" everything in feed is by=products. Most, however, are very good ingredients, just not to be fed as the sole source of protein and energy.
 
Yup, buddy mine just signed off on a lease for a guy to put 300 acres in close to $300. He will get to hay it and keeps the pasture ground on that farm. And no way to make money at $3 corn with $300 rent on a 150 bushel farm.
 

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