Non-Land Costs for Corn and Soybeans Projected to Increase in 2008
Gary Schnitkey and Dale Lattz ( July, 2007 )
Summary
Crop costs for corn and soybeans continue to increase. For corn, non-land costs will be over $40 per acre higher in 2008 as compared to 2007. Non-land costs for soybeans are projected to be on average $16 to $18 per acre higher in 2008. Between 2003 and 2008, non-land costs have increased over $120 per acre for corn and over $60 per acre for soybeans. These increases have led to higher break-even levels. In 2008, break-even revenues on many Illinois farms will be over $3.00 per bushel for corn and over $8.00 per bushel for soybeans.
Details
| Organization | farmdoc |
| Publisher | University of Illinois |
| Publication Date | July, 2007 |
| Publication Views | 875 |
| Material Type | Written Material |
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