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Outlook for 2014 and Beyond

March 12, 2014

Each year I complete an Operator’s Cash Rent Worksheet.   This examines what a farm operator can afford to pay the landlord for rent after covering the production costs and labor. 
Source: Dave Bau, University of Minnesota Extension, 507-372-3900 ext 3906, bauxx003@umn.edu, Extension Educator, agricultural business management

Each year I complete an Operator’s Cash Rent Worksheet.   This examines what a farm operator can afford to pay the landlord for rent after covering the production costs and labor.  For the 2014 crop, examples on the worksheet indicate production costs of $656 per acre of corn and $353 for soybeans.  Compared with corn yields of 175 bushels of corn priced at $4.50 per bushel and 46 bushels of soybeans at $11.50 per bushel, a farmer would have $154 left to pay toward land costs in a 50-50 corn soybean crop rotation.  Currently the 2014 new crop cash corn prices are at $4.19 for corn and $11.14 for soybeans in Worthington, applying these prices in worksheet, the rent would calculate at $118 per acre. 

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