Gary, Around here, this is the figures my dad gave me this morning:
Cash rent------------$400.00-using the before mentioned price. seed corn------------$100.00 triple stack bt corn 240.00 a bag, for about 2.5 acres fertilizer and NH3---$150.00 Nh3 about 700.00 ton at 200# per acre insurance--------------25.00 herbicide--------------50.00 fuel-------------------15.00 insecticide------------20.00 machinery-------------100.00 int---------------------8.00
total-----------------868.00
The fuel, insectide, machinery cost and interest I am using your figures, my dad does not farm any more so his input on machinery costs would not be close.and unless his memory is really bad, this is what he said it cost him on the other things I listed. He prepays for all before Jan 1st. You also did not figure in the cost of labor to do this. And can you plow, plant, harvest, haul to elevator for 15.00 a acre worth of fuel? I am not against you on this, I just do not see how you a make a living paying the prices you do and not get what your product is worth until this year. I am in central Illinois, so if that makes any differance. Jim
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