Posted by JDseller on June 17, 2012 at 00:05:28 from (208.126.196.144):
In Reply to: Re: Land rent posted by OH Boy on June 16, 2012 at 13:14:46:
You can not insure for that high of a return. The real interesting thing is what happens when the numbers change just a little.
We are dry right now. It is hurting the crops total yield. So lets take that 200 bushel down to 175. Then cash Nov. corn was $4.98 one day last week.
So using those "real" life numbers brings the gross down to $875 per acre. So if that is what happens then the BTO is going to lose $125 per acre using IA Gary's production cost numbers.
I personally know of two different farms that have rented for over $400 per acre. The highest I know of is $475 with bins included. Just about all of the ground is $350 plus around here.
The same ground is selling for between 10-12K per acre. Just had a hill farm sell next to me for $5750 per acre and it is only 60% tillable. So there cost per tillable is right at 10K.
Many of the guys are using a different ink pen than I am using. I show red ink in most of the crop pictures of the guys paying high land prices or rents.
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