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matt_aggie04
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« on: April 23, 2014, 11:35:58 am » |
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Is there anyone on here that farms? I have a questions I would like to ask about the cost per acre to get a crop in the ground and up and harvested. I would be using my own equipment except for harvesting. If it's information that you don't feel comfortable sharing on the web let me know and we can discuss in a message or over the phone. I'm just looking for real world numbers using "normal" equipment, not million tractors and planters.
Thanks
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« Last Edit: April 23, 2014, 11:39:59 am by matt_aggie04 »
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"No man's life, liberty, or property are safe while the legislature is in session" - Mark Twain (1866)
"I hate rude behavior in a man, I won't tolerate it"~Woodrow F. Call
"Those who hammer their guns into plows will plow for those who do not."~Thomas Jefferson
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ROCKIN ROO HOG DOGS
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« Reply #1 on: April 23, 2014, 12:40:46 pm » |
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Dependon your crop for a start...seed prices vary immensely. Corn is very expensive seed to buy,we just put 40 acres in for grain corn 12 or 13 sacks at 250 bucks a piece,then 400 pounds of fertilizer to the acre and will have to come back through and spray round up in a couple months, Where as oats, wheat,barley etc your seed will only cost you around 17 to 19 bucks a bag and let it rip. We will combine our own crops but if you have someone come in it can cost anywhere from 26 to 30 bucks an acre to harvest and depending on what other equipment they bring in(gravity wagon,tractor etc) may be a lil extra. I will tell you this though,crop insurance is a good investment,if you go into drought and the crop don't produce you will be compensated for the price of a harvested crop,as long as the seeds germinated and came up out of the ground to begin with. what type of crop are you considering???
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Quote from the great Will Rogers:
"If there are no dogs in heaven,when i die i want to go where they went"
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matt_aggie04
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« Reply #2 on: April 23, 2014, 01:48:06 pm » |
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Corn and or wheat is what I'm looking into. I spoke to a crop insurance agent this morning, I'm trying to educate myself on the topic as best I can. She explained to me that the insurance is is a percentage of the county average. Each year that you have a good crop it you can remove a years county average and replace it with your personal harvest, building your own four year average. So let's say you have 65% coverage on the county average of 73bu/acre with the current base of $4.51/bu then as long as you didn't harvest over 73bu/acre they would pay 4.51x.65(73)=$214/acre. So all that is bringing me back around to my original question. How much per acre does it take to get a crop in the ground, weed sprayed, fertilized and harvested? $150/acre, $250/acre, $350/acre?? I know insurance helps but under the current farm bill payments won't be issued until nearly 14-16 months after you plant if they are going to pay on it. With my 100 acres that I want to farm it would hurt to be out $30k (if it costs $300/acre) until the insurance pays. And also if they pay $214 and it costs $300/acre to get it to harvest then the risk just became a lot higher because if you don't make a crop it's gonna cost you $10k! And if it makes good corn at say 95bu/acre your talking about best case making around $12k with this $4.50bu corn which ain't a whole hell of a lot when you can just lease it for around $5k and never rank a tractor. I want to farm it but I know exactly what my risk/reward is before I jump in with both feet!
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"No man's life, liberty, or property are safe while the legislature is in session" - Mark Twain (1866)
"I hate rude behavior in a man, I won't tolerate it"~Woodrow F. Call
"Those who hammer their guns into plows will plow for those who do not."~Thomas Jefferson
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hillbilly
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« Reply #3 on: April 23, 2014, 01:58:46 pm » |
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I didn't think they would insure a first year farmer. Thought you had to make one crop first. Maybe I was told wrong.
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Lets go we burning daylight
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matt_aggie04
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« Reply #4 on: April 23, 2014, 02:07:37 pm » |
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They will, they use the county average harvest until you can build your own average.
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"No man's life, liberty, or property are safe while the legislature is in session" - Mark Twain (1866)
"I hate rude behavior in a man, I won't tolerate it"~Woodrow F. Call
"Those who hammer their guns into plows will plow for those who do not."~Thomas Jefferson
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Shotgun wg
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« Reply #5 on: April 23, 2014, 02:17:23 pm » |
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I'm not in Texas but I did farm until '12. If u contact ur county extension agent they can get u a budget sheet on whatever crop u choose. This will get u in the ball park probly a lil on the high side. Another thing is do u plan to water it or GMO or conventional seed there are lots of factors just about too many to type. U can call if u like I will pm my number.
Shotgun
Arkansas
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Shotgun
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hillbilly
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« Reply #6 on: April 23, 2014, 02:45:23 pm » |
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Friend of mine that farms said 250 to 300 per acre
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Lets go we burning daylight
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grittydog
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« Reply #7 on: April 23, 2014, 06:08:32 pm » |
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Good luck with the farming, How much time is involved when you are talking about planting 100 acres?
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