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Can You Pay $300/acre Land Rent with $4 Corn? November 18-20, 2013 PowerPoint Presentation
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Can You Pay $300/acre Land Rent with $4 Corn? November 18-20, 2013. Greg Halich 859-257-8841 Greg.Halich@uky.edu. 311 CE Barnhart Dept . Agricultural Economics University of Kentucky Lexington, KY 40546. Can You Pay $300/acre Land Rent with $4 Corn? . Commodity Prices.

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Can You Pay $300/acre Land Rent with $4 Corn? November 18-20, 2013


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    1. Can You Pay $300/acre Land Rent with $4 Corn? November 18-20, 2013 Greg Halich 859-257-8841 Greg.Halich@uky.edu 311 CE Barnhart Dept. Agricultural Economics University of Kentucky Lexington, KY 40546

    2. Can You Pay $300/acre Land Rent with $4 Corn?

    3. Commodity Prices

    4. Fertilizer Prices

    5. Budget Assumptions

    6. Budget Assumptions Land Rent: • Not included in the budgets. → Subtract from net revenue.

    7. Budget Assumptions Machinery and Labor:

    8. Budget Assumptions Machinery and Labor: • Fuel, Repairs, Deprecation, Labor.

    9. Budget Assumptions Machinery and Labor: • Fuel, Repairs, Deprecation, Labor. • Based on Custom Machinery Rates. → Increased 25%.

    10. Budget Assumptions Machinery and Labor: • Fuel, Repairs, Deprecation, Labor. • Based on Custom Machinery Rates. → Increased 25%. • Adjusted to $3.50 fuel price. • Trucking – 15 miles (one-way).

    11. Three Soil Productivity Levels

    12. Three Soil Productivity Levels

    13. Three Soil Productivity Levels

    14. Three Soil Productivity Levels

    15. Following Costs Increase with Yield: • Fertilizer • Machinery and Labor • Drying (corn)

    16. Critical Budget AssumptionsSummary Does not include land rent.

    17. Critical Budget AssumptionsSummary Does not include land rent. Includes “non-cash” costs (e.g. depreciation/overhead, unpaid labor).

    18. Critical Budget AssumptionsSummary Does not include land rent. Includes “non-cash” costs (e.g. depreciation/overhead, unpaid labor). P and K application at removal rate.