January 22, 2015
How do your production costs look for the year ahead? Iowa State University just released its 2015 crop-production estimates, and I hope your figures look better than these guidelines. That won’t be easy, I’m afraid, but then actual costs can vary greatly.
Based on $273/acre rent, they’re talking $4.23 per bushel to produce corn and $10.96 soybeans. Wow!
You save 2¢/bushel by planting non-traited soybeans, and another 2-8¢ by strip-tilling instead of conventional tilling.
2015 crop production budgets
| Corn following soybeans |
| Soybean following corn |
|
| Cost/acre | Cost/bushel | Cost/acre | Cost/bushel |
Strip-till* | $764.54 | $4.15 | $547.12 | $10.94 |
Conventional tillage | $760.81 | $4.23 | $547.80 | $10.96 |
Conventional tillage, non-traited |
|
| $545.99 | $10.92 |
*Herbicide-resistant soybeans
These figures reflect rent of $273/acre, $13/hr. labor, 180-bu. corn yields and 50-bu. soybean yields. Conventional tillage includes tandem disk, field cultivation, plant and spray.
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