Title: Range in Revenues and Returns Possible for Corn in 2014
Abstract: The U.S. Department of Agriculture released a revised World Agricultural Supply and Demand Estimates (WASDE) report on July 11, 2014. In this report, the 2014 Market Year Average (MYA) price for corn is projected to fall between $3.65 per bushel and $4.35 per bushel. Revenues and farmer returns are estimated for prices in this range given an average and high yield. Crop insurance and commodity title payments are included in estimates. Given this price range, there is about a $100 per acre range in which per acre returns can fall. Farmer returns likely are negative for cash rented farmland, given that costs are near average. Farmer returns for share rented farmland likely will be low.
Publication Year: 2014
Publication Date: 2014-07-15
Language: en
Type: article
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