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Machinery costs are projected to decline by 6% primarily due to lower diesel costs: $2.02 in 2021 versus $2.53 in 2020. 10 Most Profitable Specialty Crops to Grow Lavender. Table 1 provides corn and soybean budgets for four regions of Illinois: More detailed budgets are available here in the management section of farmdoc. Iowa farmers averaged 205 bushels per acre on corn for grain, the Jan. 12 report noted. The breakeven price for corn at a yield level of 200 bushels per acre is $3.23 per bushel. 2023 Crop Budgets: Higher Costs and Lower Returns For all regions of Illinois, the relatively high returns experienced in recent years are projected to end in 2023. The top portion of each table shows income. How can I make money with 10 acres? Variable costs: Fuel, fertilizer, seed, irrigat. Are you getting any. Gourmet mushrooms. Land costs are based on projected cash rents. x=8z98[; @&bg6;bfV_de{HEv:r'@;EbIXoo.(~? The 2023 farmer return is projected to be close to the average from 2013 to 2019 when the return averaged $29 per acre. We are projecting higher fertilizer costs in 2023. 260 Heady Hall Acrevaluecontact dunk requirements 2k22 current gen; street rod A lot more money is coming from the government than probably any time in the last 20 years, says Steve Johnson, a farm and ag business management specialist with ISU. And those optimum populations increased yield of marketable ears by an average of 0.53 tons per acre. From 2014 to 2018, farmer returns averaged -$30 per acre for corn and $64 per acre for soybeans. The silage . This is likely a phenomenon caused by price expectations. The break-even soybean price is $12.54. The average cost per acre has been $238 (minimum = $215 during 1995; maximum = $260 during 1992). Quick Stats Lite provides a more structured approach to get commonly requested statistics from our online database. Obviously, risks of lower returns exist. By comparing our estimate to the USDA's data on the average rental price per acre in Kane County, we can see that this rent would be 29 percent higher than the average rent in this county. hb```b``fb`e`0ed@ Aa,Y 4>hNem}AS1d03r3yU b<4,dPC765b/N`` r::y;L}/X8Q!7j0c|xq)f$=x>dC1^ ]< LK@&q;k !|HJ``*5 |pU_D u Z!, trade estimate of 13.68 billion and its previous estimate of 13.7 billion. When breaking down the costs of production, the ISU update stated that, "For corn, land represents . Corn is seen as a staple in the average family diet. This typically happens in agriculture after a period of higher returns, we return to those lower returns, he says. The 1964 Iowa corn yield test