The latest issue of the ISU Extension and Outreach, Estimated Costs of Crop Production, reports average cost estimates for Iowa farms in 2021, and provides guidelines to help farmers calculate their own costs of production. Sign-up for the CFAP program, through your local Farm Service Agency, is still underway. It is hard to trim costs so you can make a better profit if you dont know your inputs. Inflation is prevalent across the entire U.S. economy. For soybeans, he estimates smaller federal payments of $32 an acre. Corn is seen as a staple in the average family diet. Those break-even prices are above average prices received from 2014 to 2019 ($3.66 per bushel for corn and $9.69 for soybeans). The 2022 fertilizer costs will likely top the average fertilizer expenses of $194 . holding off on buying and working with what I have. The increase between the five and ten-year averages is because the very high prices of the drought years (2011-2013) are added in. endobj Nationally, the average is 172 bushels per acre. USDA projections for 2020-2021, published in October 2019, put the average U.S. farm prices for corn and soybean at $3.40 and $8.85. Opportunities to price at those levels do not exist currently. There has been an upward trend in the The state average is 1,000 to 1,200 dozen per acre or 200 to 240 crates . Fuel and insecticide costs, interest expenses on pre-harvest input financing, and crop insurance premiums are projected lower in 2021. The technology trend causes an upward slope of yield over time. However, higher expected corn yields over a 30-year trend for 2021 suggest that on a per bushel basis, costs would increase by 1.0% 2.6% to remain below their 2019 marks (Figure 1). 3 0 obj I would think that corn seed with CRW resistance would be higher in cost. However, futures prices are currently reflecting a market reaction to unexpected USDA production and stocks figures, and they could retrench fast once the market reassess the real impact of the new information. The budgets are for four regions of Illinois (northern Illinois, central Illinois with high-productivity farmland, central Illinois with low-productivity farmland and southern Illinois). <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 18 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Non-land costs for 2019 are projected at $369 per acre, an increase of $15 per acre over 2018 costs. As of Friday, $130 billion hadnt been spent, Tidgren said. For soybeans, he estimates smaller federal payments of $32 an acre. Projected returns range from $13.50 per acre for dryland corn to $194.55 per acre for irrigated corn. This is likely a phenomenon caused by price expectations. Some speculate this could become a trend based on a hypothesis in how the disease is transmitted. The average price per acre for farmland in Iowa is currently $13,859.79/acre. Garlic. Reference yields for corn and soybean budgets in the annual Iowa State University Extension and Outreach report reflect 30-year trend yields. Johnson expects federal payments to come from two main sources, the farm bill programs of ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage) and from extraordinary payments meant to cushion losses from the economic effects of the coronavirus. For example, if the custom rate for chopping, hauling and storing silage is $10.00/ton, the value of the standing silage to the buyer is reduced to $41.23 - $10.00 = $31.23 per ton, or $624.60 per acre. 14 percent or 2.065 billion bushels of Iowa corn was exported out of the state in the 2018/19 marketing year. Area harvested for grain is estimated Corn for silage production is estimated at 5.33 million tons, down 33% from 2019. Also included in the formula were revenue protection (RP) insurance at the 80% level . How can I make money with 10 acres? The breakeven price for corn at a yield level of 200 bushels per acre is $3.23 per bushel. At 180 bushels per acre, it is $3.58 per bushel. The break-even soybean price is $12.54. gendergp subscription cost. Seed and fertilizers amount to 44% of variable costs. With an average direct cost of $751 per acre of corn and $900 in sales, the farmer has about $149 left. The average yield in their database is 60 bushels (beans) and 204 bushels (corn). M. average profit per acre of corn in iowa. By Bob Steenson, bsteenson@charlescitypress.com The northeast corner of the state had the highest average yield in corn and soybeans last year, although Floyd County fell just short of the top tier in both categories. Return on assets - net farm income, plus interest expense, minus value of operator and family labor, divided by total farm assets owned. An analysis of state average corn yield history data provided by the USDA NASS indicates there are two causes of corn yield (in bushel per acre) variations at the regional level in the United States. Explore Statistics By State By Subject Crops and Plants Demographics Economic and Prices Environmental Livestock and Animals Research, Science, and Technology Charts and Maps A continuous corn system would not be able to cover all costs even with high yields, and corn production following soybeans would generate $30 to $40 per acre in profits. The 2020-2021 national average corn price, which will be finalized on Sept. 30, is now estimated at $4.40 per bushel. Keep in mind that for the buyer, harvest costs for silage would be different than harvest costs for grain. Management return - accrual net farm income less 4% interest on value of equity (net worth), and wages for operator and family labor. The average corn profit since 1968 has been $0.05/bu, however in the last 5 years the cost to price margin was, on average, -$0.05/bu, if this average is extended to 10 years the average corn profit per bushel is $0.49/bu. Given higher costs, break-even levels will be much higher. For a detailed statement, please see the University of Illinois Copyright Information and Policies here. Such methodological adjustment resulted in an average 6% increase in the amount of nitrogen applied to corn following corn, and an 11% increase in the amount applied to corn following soybeans. Lavender farming can produce above-average profits for small growers, as it is such a versatile crop. 5552 0 obj <> endobj And Mexico is huge! The breakeven price for corn at a yield level of 200 bushels per acre is $3.23 per bushel. This typically happens in agriculture after a period of higher returns, we return to those lower returns, he says. The factors that are causing those cost increases are inflation, including wages and labor, fuel and just general supply disruptions further exasperated by the Ukrainian Russian war, he says. Current futures prices seem to indicate that corn and soybean prices might average $4.45 and $11.40 per bushel in 2021/22, respectively. Since 2013, soybeans have been more profitable than corn, albeit at much lower levels. The soybean price of $8.20 is only 20 under the soybean reference price of $8.40. Iowa's corn for grain yield is estimated at 178 bushels per acre. In a year with low-corn-price predictions, every input must be reviewed to lower the cost of production. "pdf" file that you can access by clicking here. At the farm level, the study predicts it could mean over $40,000 per acre in revenue, depending on quality and yield. At a Farmland Owners Update webinar, Johnson said he estimates that Iowa farmers, on average, will receive about $95 an acre in federal payments for the 2020 corn crop. Many farmers purchased fertilizer for 2022 before much of the price increase in fall and early winter of 2021. The break-even soybean price is $12.54. If water requirements are met with a good irrigation system and other cultural practices optimized, sweet corn yields can be up to 7 to 8 tons per acre or 2,000 dozen. The wage rate used for operator labor was $2,500 per month. In fact, there was a farm in Dubuque County that sold on June 1st for $30,600/acre! At 160 bushels per acre, it is $4.03. Non-land costs are based on historical expenses on Illinois farms, updated based on current and expected input price levels. In this optimistic scenario, corn production would generate profits north of $95 per acre in a continuous corn rotation, and above $200 per acre following soybeans. Start blogging about your newest farming adventures. Answer (1 of 4): The answer varies from farm to farm, field to field and year to year. However, vegetable processors choose the hybrid, provide seed of that hybrid, and set the population size. Corn seed costs have increased 74% since the inception of the contest in 1987. previous year's 2.58 billion bushels. 260 Heady Hall The 1964 Iowa corn yield test The average corn yield per acre has doubled during the last forty years. For corn following soybeans, the following targets were used to figure the gross revenue estimate of slightly more than $600 per acre for a farmer who has 50% crop loss. These returns are for a typical 50% corn and 50% soybean rotation in central Illinois. Only farms with sales of $100,000 or more were counted in making the weighting. The silage . The top portion of each table shows income. Projected prices are $5.30 per bushel for corn and $12.70 for soybeans, near current 2023 fall bids. Over time, corn yields have increased an average of 2.0 bushels per acre, while soybean yields have increased by .5 bushels per acre. %PDF-1.5 Seriously, Iowa grows about three times as much corn as a country like Mexico. It is important to mention that although there are clear profits and losses, this does not sum up the complete profitability of a corn or soybean farmer. And those optimum populations increased yield of marketable ears by an average of 0.53 tons per acre. Those crop costs are coming from the ISU Estimated Cost of Crop Production publication released in January 2020 for corn following soybeans and soybeans following corn rotations. Winter Wheat Seedings up for 2023, 12/13/22 NASS to publish milk production data in updated data dissemination format, 11/28/22 USDA-NASS Crop Progress report delayed until Nov. 29, 10/28/22 NASS reinstates Cost of Pollination survey, 09/06/22 NASS to review acreage information, 09/01/22 USDA NASS reschedules 2021 Conservation Practice Adoption Motivations data highlights release, 05/06/22 Respond Now to the 2022 Census of Agriculture, 08/05/20 The NASS Mission: We do it for you, 04/11/19 2017 Census of Agriculture Highlight Series Farms and Land in Farms, 04/11/19 2017 Census of Agriculture Highlight Series Economics, 04/11/19 2017 Census of Agriculture Highlight Series Demographics, 02/08/23 Crop Production (February 2023), 01/31/23 Cattle & Sheep and Goats (January 2023), 12/23/22 Quarterly Hogs and Pigs (December 2022), 12/15/22 2021 Certified Organics (December 2022), Talking About NASS - A guide for partners and stakeholders, USDA and NASS Anti-Harassment Policy Statement, REE Reasonable Accommodations and Personal Assistance Services, Safeguarding America's Agricultural Statistics Report and Video, Agriculture Counts - The Founding and Evolution of the National Agricultural Statistics Service 1957-2007, Hours: 7:30 a.m. - 4:00 p.m. Eastern Time Monday - Friday, except federal holidays Toll-Free: (800) 727-9540, Hours: 9:00 a.m. - 5:30 p.m. Eastern Time Monday - Friday, except federal holidays Toll-Free: (833) One-USDA The first round of 2023 Illinois Crop Budgets released by the University of Illinois show a clear trend of higher costs and lower returns. Required fields are marked *. From 2014 to 2018, farmer returns averaged -$30 per acre for corn and $64 per acre for soybeans. Actual costs can be entered in the column for Your Estimates, or by using the electronic spreadsheet Decision Tools on the Ag Decision Maker website. With the many types of flex rents, the landowner usually takes a lower fixed payment than with cash rents, in exchange for sharing a percentage of the farms positive returns. Table 1 provides corn and soybean budgets for four regions of Illinois: More detailed budgets are available here in the management section of farmdoc. corn yields are coming in anywhere from 130 bushels per acre 776 Math Specialists. For 2021, Purdue's Crop Cost and Return Guide suggests and expected corn yield of 180 bushels per acre for rotation corn on average quality farmland. Farmers need to manage nutrients and pesticides carefully to avoid adverse effects on the environment and to reduce the costs of purchased inputs. If theyre paying average cash rent, theyre not making any money, Johnson said of his outlook for soybeans. This is $20 per acre lower than 2019. Variable costs: Fuel, fertilizer, seed, irrigat. Other than 160 acres purchased this year, he aquired this land 10+ years ago at an average land cost under $2,000/acre. The average cost per acre has been $238 (minimum = $215 during 1995; maximum = $260 during 1992). All Rights Reserved. The USDA pegged the U.S. corn yield at 168.4 bushels per acre vs. the average trade estimate of 167.5 bu./acre and its previous estimate of 168.2. 518 Farm House Lane During the prolonged and excessive rainfall that fell on a good portion of the U.S. in 2018, the Southeast, portions of Iowa, and the Upper Midwest had more than 60 inches of rainfall, resulting in increased abandonment rates and many unharvested acres of corn. Overall, costs have increased dramatically since 2020, from $577 to $860, an increase of $283 per acre, or a 49% increase. And in some years, growing corn may not be the best option. Revenue and Costs for Illinois Grain Crops, Actual for 2015 through 2021, Projected 2022. Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, August 2, 2022. Those differences are not likely to change normal rotational decisions. Dec 9, 2014. Guidelines are available here. If you thinking of going into the corn farming business and are worried about what your income would look like, or you are just plain curious, we would try to provide an estimate of the profit that can be had per acre of farmed corn. Lower commodity prices are possible from any number of causes. However, it is great that you are reviewing the budget line by line and adjusting our state average estimates to reflect the specifics of your operation. Corn stocks down, soybean stocks down from year earlier The break-even price to cover total costs less other revenue for soybean in 2022 is projected at $11.06 per bushel. By accessing or using the Service you agree to be bound by these Terms. The first release of the 2023 Illinois Crop Budgets is available on farmdoc. endobj All records were kept on the accrual, or inventory, basis. I do think were going to see more interest in flex rents, Johnson said. Operating profit margin ratio - net farm income, plus interest expense, minus value of operator and family labor, divided by value of farm production. Because of industrial, seed, planting, and other kinds of modifications, what used to take days to plant can now be done in minutes. Units Nitrogen, $0.83 per pound 167 138.61 177 146.91 187 155.21 Phosphate, $0.75 per pound 63 47.25 69 51.75 77 57.75 A decline in commodity price likely would not be associated with similar decreases in cost levels, reducing already narrow margins. At $75 per ton, that's an extra $40 per acre in profit to the grower. Second, farmers paying land rents higher than the ones projected in the report might face higher costs of production. Non-land costs are projected to be $860 in 2023, up from $758 in 2022. Total non-land costs for corn are estimated at $420 an acre and for soybeans at $266 an acre. Farm Business Association data on farm family living expenses. The Ukraine-Russia war has further clouded the outlook and worsened supply chain issues. The tables are calculated on a per acre basis. Working capital - current assets minus current liabilities. At projected cost levels, per bushel prices of $5.30 for corn and $12.75 for soybeans result in marginal profitability, similar to levels experienced from 2014 to 2019. ISU used a a corn yield target of 200 bu./acre with an average price of $3.10 per bushel. Interest is not included. Very large or small farms may have lower or higher fixed costs per acre. Government programs to protect farmers from agriculture risk have been around for many years, Although ARC and PLC have only been around since 2014. Table 2 shows actual results for northern Illinois for 2021, along with projections for 2022 and 2023. hbbd```b``"_HRD2I V&%T$/"9;@h$-"%H`f3N$_ j6@ d-z Iowa farmers averaged 205 bushels per acre on corn for grain, the Jan. 12 report noted. The 1973-75, 2010-2012, and 2019-2021 weighted-average land value maps are color coded from light to dark, with the darkest colors showing the highest average land values. Cost of production in 2018 is predicted to be $645 per acre . %%EOF Having considered all variables, experts have come to the conclusion that farms averaged $673 total revenue per acre and averaged $664 total cost per acre. Yields are set at trend levels for 2023, with trends established through historical yields. Total costs are projected at $785 per acre, with $476 per acre in non-land costs and $309 per acre in cash rent. The estimated costs of production per bushel for corn following soybeans are $3.34, $3.31, and $3.32 for target yields of 181, 201, and 221 bushels per acre, respectively. goya cuban black beans recipe; July 9, 2022 . Table 2 shows actual results for northern Illinois for 2021, along with projections for 2022 and 2023. Periods of high net incomes are following by less profitable periods which often persists for several years. So any change requires processor buy-in. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. Average costs per bushel have been $1.26 to $1.74 in the cash grain division, and $1.13 to $1.81 in the dairy and livestock division. Soybeans: 14 cents per bushel The base rate bushels increased in 2020 for wheat harvesting compared to that reported in 2018. This might not be much, but with crop insurance and if you out in all the required inputs, you might break even from your corn farm. 1 0 obj The data for this report were collected by Iowa Farm Business Association consultants and compiled by Iowa State University Extension and Outreach. The most profitable farm made $275 per acre while the least profitable lost $222 per acre. For farmers, that self-employment income is reported on their income tax Schedule F. Because many farmers didnt report income last year, PPP, administered by the Small Business Administration, hasnt been as useful as CFAP, Tidgren said. We're still protecting positive returns for 2023 but there are risks. Thats exactly what we want all farmers doing to estimate their own costs of production! Nearly 30,000 kernels of corn are planted per planted acre, and corn yields can be close to 200 bushels per acre in a good year on high CSR land. Current futures prices seem to indicate that corn and soybean prices might average $3.90 and $9.50 per bushel in 2020-21, respectively. The average corn yield per acre has _____ during the last forty years. According to some studies, average yield of garlic per acre is between 10,000 and 12,000 pounds and yearly profit per acre is around $80,000 what makes this crop one of the best cash crops with the highest profit per acre. {\U{f~uoos;h?zYQ HUoTn>'?{GYHY S|DB?QBZ?Bj+W?=}(]'+?L p?8Pv' B5UFWVTM}UJ9{QGQ4tOygp9 z,OloloKOlfo+V} \f>8t&^U `H198R00t(0TM Up!X ['SMezWgop%B R 1&[UMSi4!k Zm]4#7{qmS7v;lW->b.%I zv9 For all regions of Illinois, the relatively high returns experienced in recent years are projected to end in 2023. Price = $5.00/bushel 2. Hunting income is available to farmers. A central Illinois corn farmer will make a $24 per acre profit in 2022 after paying for inputs and land costs, according to the latest crop budgets from the University of Illinois. More than 200 counties across the Corn Belt had county average rental rates above $200 per acre, with . Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Obviously, risks of lower returns exist. Current futures prices seem to indicate that corn and soybean prices might average $4.45 and $11.40 per bushel in 2021/22, respectively. This measures the total production per farm. For soybeans, the yield is pegged at 55 bushels an acre with an average selling price of $8.20 per bushel. When breaking down the costs of production, the ISU update stated that, "For corn, land represents . The Quick Stats Database is the most comprehensive tool for accessing agricultural data published by NASS. For soybeans, with $621 in income, total direct costs are $485. 1.494 billion bushels of Iowa corn in the 2018/19 marketing year went into corn processing used in the wet mill industry for food and industrials usage. Website: https://ask.usda.gov/s/, June Turner, Director Email: / Phone: (202) 720-8257, Find contact information for Regional and State Field Offices. Another grower and customer favorite is Elephant garlic, whose large, mild cloves bring $6-$8 per pound. At 180 bushels per acre it is $3.58 per bushel. Gross revenue (market revenue plus government payments), variable cost, and overhead cost per acre for rotation corn on average productivity soil is illustrated in Figure 2. farmdoc daily (12):106, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, July 19, 2022. How many farmers know what their inputs are, let alone their costs per acre or per bushel? Friday, an Iowa State University (ISU) farm management specialist told landowners that all of any profits farmers earn this year on corn will be due to those payments and that even with federal help, soybeans will lose an average of $15 an acre. How Much Profit Per Acre of Corn Can a Farmer Make Yearly? corn takes the worst figure in the study to the third best at $144 per acre profit . That program is the CFAP (Coronavirus Food Assistance Program) for 2020, but the payment being made now reflects the 2019 production and unpriced bushels as of January 15. Have a specific question for one of our subject experts? At the same time, farm income was forecast to increase nationwide in 2020 (see Farm Income and Wealth Statistics for details). Operator landowners on fully paid land will have much lower accounting costs, since the cash rent used in the report will only be an opportunity cost and not a cash cost (as it is for tenants). Copyright 1995-document.write(new Date().getFullYear()) Average four-crop gross income per acre = approximately $790 per acre . Interest is not included. Soybeans could trigger a $10-per-acre PLC or ARC-CO payment and CFAP would bring another $12 an acre. CFAP isnt the only corona virus-related program that farmers might be able to use. What is the average bushel of corn per acre? In an average year, Iowa produces more corn than most COUNTRIES! Those yields are the same as Iowas 2019 average yields and prices are national average cash prices released by USDA in the June 11 supply and demand report. For 2023, much higher prices than average historical prices are needed to maintain some profitability. The deadline is August 28. Until that point, the risks of low returns from price declines will be large. Schnitkey, G., K. Swanson, N. Paulson, C. Zulauf, J. Coppess and J. Baltz. Land costs account for 44% of total costs of soybean production, and variable costs account for an additional 42%. Contact a specialist. In 2023, total costs are projected at $1,161 per acre, up from the $1,054 level in 2022, Schnitkey says. Overall, costs have increased dramatically since 2020, from $577 to $860, an increase of $283 per acre, or a 49% increase. In an average year, Iowa produces more corn than most countries. In northern Illinois, cash rents are projected to increase from $296 per acre up to $301 per acre. The farmdoc daily website falls under University of Illinois copyright and intellectual property rights. With an expected harvest price of $3.65, the anticipated market revenue is $657 per acre. Corn production would not be profitable in a continuous corn scenario if the price per bushel is $3.65. To maximize profit, research shows Minnesota growers need a final stand of 32,000 to 34,000 plants per acre (Figure 1), although this varies with the cost of seed and corn price. . Represents a return to unpaid labor, net worth (equity), management, and profit. Home Business ideas Agriculture Industry Crop Cultivation. _. Ways to Make Money Off Your Land Almost Immediately Rent plots to groups looking to build a community garden. Price. This compares to U.S. corn yields of 172 bushels per acre in 2020, 167.4 bushels per acre in 2019, 176.4 bushels per acre in 2018 and the current record U.S. average . The farm record data utilized in this report were obtained from the Iowa Farm Business Association. There is substantial uncertainty regarding crop prices in the coming season. Variable costs decreased $10 per acre or 2 percent, other nonland costs decreases $14 per acre, and land costs increased $4 per . Your email address will not be published. While projected returns may not justify an increase in cash rent, relatively high profitability in recent years and continuing high commodity prices likely lead to cash rent increases. Iowa State University Extension and Outreach, Managing farm costs key to profitability in 2021. Corn has been grown across Iowa for more than 150 years, nearly 30,000 kernels are planted per acre, and corn yields can be close to 200 bushels per acre in a good year on high CSR land. Phosphorus and potassium were charged, respectively, at $.39 and $.30 per pound. 2023 Meredith Corporation. Use the 68-95-99.7 Rule (Empirical Rule) to answer the following questions. In any case, farm operators can always improve their profitability or limit losses by focusing on managing costs and using their break-even estimations to implement a tailored marketing plan. NREL . Your email address will not be published. Domestic use, exports, and ending stocks are also unchanged for 2020 /21. "Nitrogen Fertilizer Outlook for 2023 Decisions." While fertilizer prices have declined recently (see farmdoc daily, July 19, 2022), fertilizer prices are still much higher than last year. Take, for example, the Central CRD in Illinois. Non-land costs are projected to be higher in 2023 than in 2022, as is illustrated for corn grown in northern Illinois in Figure 1. At the landowner webinar, Kristine Tidgren, director of ISUs Center for Agricultural Law and Taxation, covered the highlights of the nearly $700 billion program. Knowing costs is key, as it is to understand the assumptions behind the budgets used in the calculations. According to Iowa State it takes about 1.25 gallons of diesel fuel to cut, rake and bale per acre. Net farm income, accrual - cash net income adjusted for inventory changes and accrued expenses. In the latest projections used for the 2021 report, corn yields are 2 bushels higher than for 2020, while soybean yields remained unchanged. The return on soybeans fares better at $150 per acre because fertilizer, seed and drying costs for soybeans are projected to be $226 per acre cheaper than for corn. In the livestock corn division, the average cost per acre is $206 (minimum = $186 during 1993; maximum = $235 during 1987). Authors Television Broadcast average profit per acre of corn in iowa For 2020, the state of Illinois had an average soybean yield of 60 bushels per acre and an average corn yield of 192 bushels per acre. Net farm income, cash - total sales and other cash income minus cash expenses, including purchases of livestock and feed. That's anywhere from $2,500 to more than $10,000 per acre gross profit! In northern Illinois, for example, corn is projected to have a -$11 per acre return, while soybeans are projected to have an $11 return, a difference of $22 per acre. hb```b``fb`e`0ed@ Aa,Y 4>hNem}AS1d03r3yU b<4,dPC765b/N`` r::y;L}/X8Q!7j0c|xq)f$=x>dC1^ ]< LK@&q;k !|HJ``*5 |pU_D u Z!, trade estimate of 13.68 billion and its previous estimate of 13.7 billion. The lower projected profits in 2023 result from much higher costs and projected lower commodity prices than 2021 and 2022. In this scenario, production of herbicide tolerant and non-herbicide tolerant soybean would be profitable for all target yields considered in the report. Annual production costs for established alfalfa or alfalfa-grass hay as well as a budget for maintaining grass pastures are included. We use a great deal of rope for odd jobs around the farm and at various community events. On rented farms, only operator income and expenses were recorded. Similarly, a projected 2014 soybean price of $12.70 compares to an average price of $9.69 from 2014 to 2019. it gets. County yields ranged from 37.9 bushels per acre in Decatur County to 69.1 bushels per acre in Scott County. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 1995-document.write(new Date().getFullYear()) This . The cost estimates are representative of average costs for farms in Iowa. Brazil became the second country in the world after Argentina to approve planting of GMO wheat, following a decision by the nations biosecurity agency CTNbio. The rest of expected federal payments will be from CFAP, at about $30 an acre.
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