I think your estimates are a bit low or missing something. A few months ago our tried and true fertilizer supplier gave us a spreadsheet that listed everything and they had just over $500 an acre. That was with fertilizer prices then and not now. Although yours doesn't have an estimate for the rent/taxes so I suppose you aren't too far off if land is going for about $100 in MI like they are here in Northern IN.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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