Hello everyone I have a chance to farm a 40 acre farm next spring and i was woundering about how much money i would be looking at spending to buy the see and have a co-op do the spraying and fertilizing. I would be fitting the ground myself and planting it. I also have a good buddy that would help me harvest it. I was just trying to get a ball park idea on the cost of seed and to have the spraying and fertilizer done. thanks for the help
- Thread starter hick22145
- Start date
I need a handle
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I strongly suggest doing your own homework. Call up your local seed dealers and speak with them on cost, same with the co-op. Then you would be getting the most accurate information for what you want to do.
Decent seed corn is over 200 bucks a bag and one bag will plant 2.5 acres. If you plant round up corn it will cost somewhere around 12 to 15 per acre to spray and that is with no residual weed control in the mix. so you might have to spray twice. If you think you are going to make alot of money you are going to be disapointed.
Anonymous-0
Well-known Member
Don't want to scare you but just got thru with Dads estate and had to figure total inputs to get reimbursed by the new buyers.Here goes 50/50share lease on 195 ac. of 50% corn and 50% was $17000.00 for just our half.
John (C-IL)
Well-known Member
Call your local dealers and ask, they will be more than happy to help. My budget this year is going to be about $400 per acre plus machinery, taxes, insurance and all the other stuff.
I have not put a pencil to every thing this year (fert is drop'n and I ain't bought none.) but last year when it was all said and done, just seed, chem, chen application and fert (spreading my self with a rented buggy and have'n co-op spray'n) ran with in a 5 spot of $100/acre for beans and $400/ acre corn.
Good luck.
Dave
Good luck.
Dave
Seed corn running couple hundred a bag. Need a really sharp pencil for in the ground cost at 400 bucks an acre. Now add the cash rent many are forking out and go figure. Line up the equipment and have a nice clean up sale. The "O" keeps preaching it is going to get worse! The current price of grain should be causing a few rather unrestful nights. The interest rubbing against the debit is causing a lot of friction. I can see a million dollar operation having the wife working in town.
Dave from MN
Well-known Member
You can find good corn under $200 a bag. Get with a co-op and do some soil test to see what you will need for fertilizer. If you want to do it. Do it and learn like I did last year. I got both encouragement and discouragemnt from different folks on this site. I learned alot, was able to cut cost way back this year with research and planning ahead. I made good money last year, but grain prices were up good. This year I will have lower inputs, shooting for higher yeild and expecting lower grain prices. I am glad I went ahead and wish I had started 4 years sooner. Go for it. Just dont buy equipment you dont need and do not spend too much for what you do need. Good luck and keep us posted.
About $200 a bag for corn, 2.5 acres.
About $30-35 a bag for beans, covers a little less than an acre.
You can pay less, you can pay more for seed, these are averages.
Spray comes to about $30 an acre when the coop does it, be real lucky to get by with one time across on spray, better figure 2.
Fertilizer, who knows, prices are all over the board. What is your soil test, only apply what you need in a year like this! Crops remove about 50;bs of each P & K from the ground, corn will want 130 or so lbs of N. This is actual use, you need to buy by the ton, only get 28-76% of it as actual. Prices range from $340 to 1000 a ton, depending what it is & where you find it.
What's the soil ph, does it need lime, of so spend your money on that 1st. Crop can't use the other stuff until the ph is right.
What kind of soil, is it 200bu/acre land, or 120bu/acre land?
--->Paul
About $30-35 a bag for beans, covers a little less than an acre.
You can pay less, you can pay more for seed, these are averages.
Spray comes to about $30 an acre when the coop does it, be real lucky to get by with one time across on spray, better figure 2.
Fertilizer, who knows, prices are all over the board. What is your soil test, only apply what you need in a year like this! Crops remove about 50;bs of each P & K from the ground, corn will want 130 or so lbs of N. This is actual use, you need to buy by the ton, only get 28-76% of it as actual. Prices range from $340 to 1000 a ton, depending what it is & where you find it.
What's the soil ph, does it need lime, of so spend your money on that 1st. Crop can't use the other stuff until the ph is right.
What kind of soil, is it 200bu/acre land, or 120bu/acre land?
--->Paul
fixerupper
Well-known Member
Is the lease cash rent or crop share and if crop share, what kind?
On land I own, the corn is going to cost me about $311/A for all expenses and income at current price with 175 bu yield will be $571.
Beans on land I own will cost $232 and will bring in $339 at 48 bpa.
A rented 60 will be beans and will cost $423/A and income will be $412! oops!
The rest is 50/50 crop share with me paying all machine costs and the dollar figures come in about midway between the owned land and the rented land.Jim
On land I own, the corn is going to cost me about $311/A for all expenses and income at current price with 175 bu yield will be $571.
Beans on land I own will cost $232 and will bring in $339 at 48 bpa.
A rented 60 will be beans and will cost $423/A and income will be $412! oops!
The rest is 50/50 crop share with me paying all machine costs and the dollar figures come in about midway between the owned land and the rented land.Jim
You need to talk to the farmers in your township/county. You can't get good advice from farmers across the US for your local situation.
At a minimum you need a 70 hp tractor, an 8 row no til planter, a 30ft/350 gal sprayer, a 20ft heavy disc, a combine, at least one grain cart or truck. About $40,000 shopping at farm auctions for some old equipment that you are going to spenfd alot of hours repairing.
But the IRS tax benefits, and local tax breaks for startup farmers are good.
Go for it.
Gordo
At a minimum you need a 70 hp tractor, an 8 row no til planter, a 30ft/350 gal sprayer, a 20ft heavy disc, a combine, at least one grain cart or truck. About $40,000 shopping at farm auctions for some old equipment that you are going to spenfd alot of hours repairing.
But the IRS tax benefits, and local tax breaks for startup farmers are good.
Go for it.
Gordo
GeneMO
Well-known Member
- Location
- Pilot Grove, Mo.
No offense Gordo, but he said 40 acres. There are places here in Central Mo. that a 40 acre farm may have 6 or 7 fields, terraced, a waterway and a pond. He couldn't turn an 8 row planter around!
I could work a 40 acre farm around here with an M Farmall, 10' wheel disk and a 4 row planter. Now he may not be in Central MO., and it may be one square 40, flat as a pancake, don't know.
Maybe I need to read the rest of the post to see if he clarified it, and you did tell him to talk to the locals.
Not jumping on you.
Good night, Gene
I could work a 40 acre farm around here with an M Farmall, 10' wheel disk and a 4 row planter. Now he may not be in Central MO., and it may be one square 40, flat as a pancake, don't know.
Maybe I need to read the rest of the post to see if he clarified it, and you did tell him to talk to the locals.
Not jumping on you.
Good night, Gene
Thanks for all the help. I live in south east mich. its flat land that I might be renting from my grandma at a very good price. I have a farmall super M and a 400 that I will be going at it with. four row planter and the tillage equipment to go with it for one. My buddys tillage equipment for the other with my brother driving one. I have enough time to go and talk to the co-ops and seed dealers befor next spring to get a better idea. I was just trying to get a ball park idea what I was looking at so I wouldn"t be to shocked at the prices. I know that I have alot to learn about farming and I think that nevers ends but I really want to do this and I have a good opportunity to try it to learn. Thanks again.
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