I was looking at my FFA corn work book last night. Price of seed corn, Pioneer 3369A, $33 a bushel. Gas 20 cents a gallon, Everything was cultivated, no herbicides, anhydrous was just becoming popular to use, but I didn't. Fertilizer cost $45 a ton. Cost of average size new tractor, &7,000. Farm ground was selling for $1,000 - 1,500 an acre Sold corn that year for $1.07 a bushel.
Now, seed corn $240 for 40 pound bag,diesel fuel $3.89 a gallon, Cost of Herbicides and anhydrous, fertilizer $800 a ton. Cost of a new tractor $150,000+ Farm ground 5K-7K an acre. Price of corn, $2.63 a bushel.
Really shows how much more efficient the farmers are now compared to then
Now, seed corn $240 for 40 pound bag,diesel fuel $3.89 a gallon, Cost of Herbicides and anhydrous, fertilizer $800 a ton. Cost of a new tractor $150,000+ Farm ground 5K-7K an acre. Price of corn, $2.63 a bushel.
Really shows how much more efficient the farmers are now compared to then