It cost farmers $450 and acre to plant corn
200 bushels an acre yield @ 3.00 per to sell
Now you have rent or mortgage payment
Real Math
Lets make it real easy math
$450.00 and acre for Fertilizer, herbicide, seed, fuel, insurance, labor, repairs.
$100 and acre for equipment and building loans
$250 an acre for rent for the land
$750 an acre cost of production.
200 bushels of corn times $3.25 per bushel equals $650 and acre
$650
-$750
-$100,000
How many of you would like to work all year for the privilege of owing the bank 100K???? at the end of it all
Corn is $3.32 Chicago today, But you have to get it there for how much$$$$