Posted by oldtanker on January 05, 2013 at 10:31:31 from (66.228.255.239):
In Reply to: Farmland prices posted by MarkB_MI on January 05, 2013 at 05:42:10:
LOL love the input arguments. Average inputs for corn here is about 350 per acre to get 200 BPA @ 6.80 gives a gross profit of 1010 an acre. Say yer small time. 500 acres. That's 505000 in gross profits. So lets be generous and say that there are another 100,000 in incidental cost leaving about 400000 in net profits on the corn crop. Even with a drought most farmers have crop insurance. So tell me again how they are suffering.
Got a local guy with a big 4X4 Case IH tractor. He crys because according to tractordata it burns over 20 gallons an hour. Thing of it is he's burning less than 1 gallon an acre. That's the real measure of how efficent a tractor is. He knows this but still insists that fuel is killing him because he doesn't want people to know how much he's making.
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