Your numbers look very accurate to me Gary. I don't know why some farmers say they always lose money. I do, however, know why we couldn't (or maybe wouldn't) pay that much for rent. To assure $5 per bushel you would need to contract 150 bpa right now. That sounds like risky buisness to me. I would not recommend forward contracting more than half of your projected yield to anyone. I've seen guys get in big trouble this way. I doubt we're looking at 300 bpa ground. We had a terrible hot dry summer here last year. Corn was half a crop. Say this is 200 bpa ground. Grower forward contracts 100 bpa for $5. Has a bad year. Corn does 150. Price at harvest is $4 per bushel. He ends up losing $50 per acre, if he sells remaining grain at harvest. He could play the market and recoup, or lose even more. If he had 75% APH coverage (which would be costly and not figured into inputs in this scenario) he wouldn't get a dime from the insurance man. Sounds like a lot of money for grain farming. Maybe he is a vegetable grower or perhaps need manure rights.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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