6 November 4, 2014 2014 LOGAN COUNTY FARM OUTLOOK MAGAZINE LINCOLN DAILY NEWS.com
For a point of
reference, the
average cash rent
for 2014 in Logan
County was
reported at $308
per acre according
to the National Ag
Statistics Service.
The budgets show
non-land costs
at $585 for corn
after soybeans and
$370 for soybeans after corn.
The actual number from Farm Business
Farm Management Records show
positive income from corn in 2010
to 2012 of $156, $292, and $240
respectively. The red ink started in
2013 with a small loss of $14 per acre,
and projected losses for the 2014 are
$156 per acre.
The numbers may look worse as the
estimates are still using $3.80 for the
corn price for 2015 and $4.12 for
2014. If you’ve
checked the
cash markets
lately, the corn
price is closer to
$3.00.
On the positive
side, livestock
producers
are probably
experiencing
one of the better
periods they have seen in quite a while.
Prices for their products are up, and the
feed costs are down.
However this year or two certainly
haven’t made up for the past 20 years
where several livestock farms saw
several generations of equity disappear.
Most everyone can attest to the higher
prices for livestock and products by
simply going to the grocery store.
Meat, milk, and eggs have all increased
dramatically.
Continued
→
