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!
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Susan Winsor is a write with Corn & Soybean Digest.
This article originally appeared in Corn & Soybean Digest and has been reposted with permission.