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Soybean price drop
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<blockquote data-quote="Son of Butch" data-source="post: 1512044" data-attributes="member: 14585"><p>$295 is not just to plant them... it's seed, tillage, planting, fuel, fertilizer, herbicide, insecticides, insurance, harvesting, operating loan interest, interest on equipment, equipment repair, storage, trucking and on and on.</p><p></p><p>$180 land rent is not $230 acre rent and $180 acre breakeven = 9.13</p><p>local cash bids today were 8.20 - 8.38</p><p></p><p>9.13 - 8.38 = 75 cent loss or minus $7,500 on 10k bu</p><p>price has to go up a $1 to 9.38 (and probably won't) just to make 25 cents</p><p>190 acres = 10,000 bu x .25 = $2,500 (pre tax) </p><p>950 acres = 50,000 bu x .25 = $12,500 (pre tax)</p><p></p><p>Makes a below minimum wage job look good.</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1512044, member: 14585"] $295 is not just to plant them... it's seed, tillage, planting, fuel, fertilizer, herbicide, insecticides, insurance, harvesting, operating loan interest, interest on equipment, equipment repair, storage, trucking and on and on. $180 land rent is not $230 acre rent and $180 acre breakeven = 9.13 local cash bids today were 8.20 - 8.38 9.13 - 8.38 = 75 cent loss or minus $7,500 on 10k bu price has to go up a $1 to 9.38 (and probably won't) just to make 25 cents 190 acres = 10,000 bu x .25 = $2,500 (pre tax) 950 acres = 50,000 bu x .25 = $12,500 (pre tax) Makes a below minimum wage job look good. [/QUOTE]
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