Getting Started in Row Crop Farming
Posted 04 February 2011 - 10:22 PM
Thanks for all your help,
Posted 05 February 2011 - 12:19 AM
How many acres as well? Prices will be even higher if you don't have enough acres to get any bulk discounts. If your borrowing any money at all to get the crops in the ground, figure on having crop insurance as a must from the lender. Because of the higher row crop prices, crop insurance will be going up as well guaranteed.
I'm not being harsh here, just realistic. Your bean yields sound good but corn sounds a little low. We averaged 57 bushel beans last year and 178 on corn in Northern Indiana. I was rather happy with the corn yields considering with as wet as it was till the middle of July here I thought several fields might be a complete loss. With the increased costs on inputs and even at $5 corn, with a 130 bushel yield it most likely will pay for itself but profit will be limited. Take this with a grain of salt though as I'm making the comparison with what I know we need here to turn a respectable profit.
EDIT: When I first started out crop insurance was a must from my lender. Once I had enough assets to cover the operating note each year they considered crop insurance to be optional, but it still makes em happy that I have it.
Edited by mlappin, 05 February 2011 - 12:29 AM.
Posted 05 February 2011 - 08:59 AM
How many acres?
Buy a NEW corn planter?How big?Not cheap.Can buy used and rebuild way cheaper.
Is hay in the rotation?Just wondering this is Hay Talk.If it isn't we are a friendly bunch and still will help you out.
Posted 05 February 2011 - 01:57 PM
Posted 05 February 2011 - 03:35 PM
Posted 06 February 2011 - 08:57 AM
Posted 06 February 2011 - 09:12 AM
BUT.If you do it remember you HAVE TO help them in return.I've done stuff for people before and at times they are to busy to help you back.
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