FAQ: What Is The Cost Per Bushel For Farming Corn In Central Illinois?

How much does it cost to plant an acre of corn in Illinois?

In 2019, the total of all economic costs per acre for growing corn in Illinois averaged $878 in the northern section, $912 in the central section for farmland with “high” soil ratings, $887 in the central section for farmland with “low” soil ratings, and $851 in the southern section.

How much is a bushel of corn in Illinois?

Costs were lower in southern Illinois primarily because of lower land costs. The total of all economic costs per bushel in the different sections of the state ranged from $4.38 to $4.95 for corn and from $10.50 to $12.54 for soybeans. Change.

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CORN
May ’22 5.9600 0.3600
SOYBEANS
Last Change
Jul ’21 14.4000 0.8100

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How much does it cost to farm an acre of corn?

In the corn divisions, depending upon year, the average maximum and minimum cost per acre is $215 to $260 in the cash grain division, and $187 to $234 in the dairy and livestock division (Table 1).

What is the average bushel per acre of corn in Illinois?

County yield averages in Illinois ranged from low to high by 59 bushels per acre for corn and 23 bushels for soybeans.

How much does it cost to plant an acre of alfalfa?

Alfalfa has to be planted at around 25 pounds per acre if I remember correctly. A 50 pound bag of seed is around $200 last I heard a few years back, so $100 an acre just for seed. Probably $120-150 per acre including tillage costs.

How long does it take to plant an acre of corn?

“I use prospective plating to get acres and suitable days and calculate how many acres can be planted per day. For corn, it peaks between 1 and 1.25 million acres per day-that means just over 13 days to get planted.” It’s the same for soybeans-about 14 days to fully planted.

How much does a farmer get for a bushel of corn?

Corn in 2019 For 2019, crop revenue for corn is projected at $738 per acre based on a 208 bushel per acre yield and a $3.55 per bushel price.

How much does a bushel of corn cost 2020?

The 2020 corn crop will sell for an average $4.85 a bushel and soybeans for $11.15 a bushel, compared with the average for $3.56 for corn and $8.57 for soybeans grown in 2019, said the USDA.

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How much weight is a bushel of corn?

Section 600.TABLE B Standard Weight Per Bushel for Agricultural Commodities

Alfalfa Seed Per Bushel 60 Pounds
Corn, Shelled Per Bushel 56 Pounds
Cotton Seed Per Bushel 32 Pounds
Cranberries Per Bushel 33 Pounds
Cucumbers Per Bushel 48 Pounds

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What is a good corn yield per acre?

U.S. corn growers produced 14.2 billion bushels, up 4% from 2019. Corn yield in the United States is estimated at 172.0 bushels per acre, 4.5 bushels above the 2019 yield of 167.5 bushels per acre. Area harvested for grain, at 82.5 million acres, is up 1% from 2019.

What is the break even price for corn?

The breakeven corn price ranges from $3.96 to $4.88, or $0.92 per bushel. Even if prices increase substantially, farms with the higher cost structure are going to find it difficult to breakeven.

Do corn farmers make money?

So farmers can make a small profit when their land costs are inline with the current price of corn. When the corn price is rising faster than land costs, farmers make a large profit. When the corn price is falling faster than land costs, farmers will lose money.

What is the current price of a bushel of corn?

The current price of corn as of June 30, 2021 is $6.2340 per bushel.

How much does a bushel of corn sell for?

Average cost per bushel has been between $1.25 and $1.95 in the cash corn division and $1.13 and $1.81 in the livestock corn division.

How much corn is grown annually in Illinois?

In 2020 Iowa produced 2.3 billion bushels of corn, making it the #1 producer of corn in the United States. Illinois produced 2.1 million bushels making it the 2nd most productive corn state. What State Produces the Most Corn?

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Corn Production Rankings: 2020
Rank State Production (M bu)
2 Illinois 2131.2
3 Nebraska 1790.1
4 Minnesota 1441.9

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