There are only three crops that show a positive net return, and barley is really not an alternative today.The table below is from the Carrington, North Dakota adult farm management program. The numbers are the actual cost averages and yields of more than 70 farmers in central North Dakota:Note there are only three crops that show a positive net return. Barley is really not an alternative today because, as we wrote last Friday, it is now almost all a contracted crop and there are now new crop contracts available. The corn profit of $11 per acre is just marginally profitable. The $61 profit potential in soybeans is still very good. These numbers go a long way to explain why North Dakota farmers will plant a million acres less corn and a milli...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.