Corn & soybeans, 50-50 on 100 acres, is going to do you well if you are in southern MN.
Wheat would be good if you are in the sandier, drier middle/ western part.
How are you going to harvest it?
What is your market - the nearest elevator, or a local buyer, can you sell the straw for $2-3 a bale....... This can make or break a crop like wheat or oats.
Cheapest to plant would be oats, wheat, or soybeans.
Corn will cost an extra 100 lbs of actual nitrogen, which is selling for ~$400 a ton raw now, and seed will run $20-30 more than beans. But - you can get a lot more at the end of the year to make up for it.
Around 'here' if you pass on land, you won't see it available again for 20 years or so, so you must be up north a bit. :) 'Here' you'd take the land if you could, wouldn't be a question. :) If you are going to go with your own equipment, esp a combine, you need to spead those equipment costs spread over as many acres as possible; one busted belt will run you $250, need to do some acres per year to keep up with those costs.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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