The average reported price for corn seed remained fairly consistent year-over-year in 2019, coming in at a $305 per bag list price ($244 per bag after discounts).
How much does field corn cost?
Average cost per bushel has been between $1.25 and $1.95 in the cash corn division and $1.13 and $1.81 in the livestock corn division. Corn seed costs have increased 74% since the inception of the contest in 1987.
How much does field corn seed cost?
Typical seed costs on a per acre basis can vary between $40 to $70 for corn and $25 to $50 for soybean, depending on the desired plant population, variety/seed lot, seed quality and seed cost per bag.
What is the easiest crop to farm?
- Lettuce. Lettuce can be sown directly in your garden bed, or started indoors for transplanting. ...
- Peas. Snap, snow, and shelling peas are all best sown as early as the soil can be worked in spring. ...
- Radishes. ...
- Turnips. ...
- Beans. ...
- Sunflowers. ...
- Sweet Potatoes. ...
- Winter Squash, including Pumpkins.
How much does it cost to plant 1 acre of corn?
In the corn divisions, depending upon year, the average maximum and minimum cost per acre is $215 to $260 in the cash grain division , and $187 to $234 in the dairy and livestock division (Table 1).
How many times can you harvest corn in a year?
In the Midwest there’s only one growing season. Corn, soybeans, and wheat can only be harvested once . Forage crops for cattle can often be harvested multiple times as they regrow.
Will corn prices go up in 2021?
The USDA forecast the average price of corn paid to farmers in 2021-22 (beginning Sept. 1, 2021) at $5.70 per bu , up 31% from $4.35 as the current year forecast and up 60% from $3.56 in 2019-20. ... 1, 2021), up 23% from this year and up 62% from 2019-20.
What will corn prices do in 2021?
Chicago corn futures last week were trading from about $5.20 to $5.75 per bushel, up 60% to 70% from a year earlier, with the December 2021 contract near $5.65 per bushel .
What type of farming is most profitable?
Though soybeans are the most profitable crop for large farms, fruit trees and berries generate the most profit of all farm sizes. As farm size increases, labor costs to tend and harvest fruit trees and berries become too high to maintain profits.
What livestock is most profitable?
Beef cattle are considered the most profitable and easiest to raise for profit, but homesteaders with small acreage won’t be able to raise cattle. Cattle, whether you want beef or dairy cattle, require plenty of good-quality pasture, supplemental hay, fresh water, room to roam, and veterinarian care.
What is the best cash crop for a small farm?
- Bamboo. Already popular in Asia, bamboo is gaining popularity around the world for its variety of uses, such as fencing material, fabric and food. ...
- Specialty Mushroom. Perfect crops for beginning farmers are specialty mushrooms, such as oyster mushrooms. ...
- Lavender. ...
- Garlic. ...
- Christmas Trees.
How much money does a farmer make off an acre of corn?
For 2019, a 63 bushel per acre yield and $9.00 per bushel price are used in projections, giving $567 of crop revenue. No other revenues are projected, giving a gross revenue projection of $567 per acre. Non-land costs for 2019 are projected at $369 per acre, an increase of $15 per acre over 2018 costs.
What is the break even price for corn?
The breakeven corn price ranges from $3.96 to $4.88 , or $0.92 per bushel. Even if prices increase substantially, farms with the higher cost structure are going to find it difficult to breakeven.
What is the most profitable crop per acre?
- Goji Berries. ...
- Cherry Tomatoes. ...
- Arugula. ...
- Microgreens. ...
- Gourmet Mushroom. ...
- Bamboo. Bamboo is one of the most profitable crops to grow per acre. ...
- Corn. Corn, also known as maize, is a staple food in America and across the world. ...
- Wheat. Wheat is one of the most commonly known cereal grains.
What happens if you plant corn too close together?
Overcrowded plants must compete with each other for soil nutrients , which can result in increased fertilizer needs. Soil contains a finite amount of nitrogen and other necessary plant nutrients. The more plants there are in a small space, the more quickly these nutrients are used up.
How do you know when corn is ready to harvest?
Corn is ready for harvest about 20 days after the silk first appears . At harvest time, the silk turns brown, but the husks are still green. Each stalk should have at least one ear near the top. When conditions are right, you may get another ear lower down on the stalk.
