You left out land and equipment depreciation and labor, 3 of the biggest costs, so doubt your 50 cents is close to reality.
Many agricultural activities are based on 10 year averages, you lose money 3-4 of the 10, break even 2-3 years, and hope to make a good income on the remaining 3-5 years.
Of course, your customers will laugh as you lose money 1/2 the time, and will scream bloody robbery the few years you are able to make something to put away for the next bad cycle.
As these cycles involve the economy, weather, and local demand, I could be in a good cycle and a person 100 miles from me could be in a bad cycle.
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