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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Today's Featured Article - Bad Vibes - by Curtis Von Fange. One of the strangest ways to communicate with our tractor is to ask it how it feels. "Ask it how it feels," you say? Yup, ask it how it feels. Now, as with the other articles in this series one has to be able to hear what 'ole blue' is trying to say in response. The nice thing about our old iron friends is that they are usually quite consistent in their response, rather unlike some people I know who might change what they say due to the weather or other mitigating circumstances. But since t
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