Showing posts with label variable costs. Show all posts
Showing posts with label variable costs. Show all posts

Tuesday, March 10, 2015

Focus on These Two Things, Cut Costs Elsewhere

Chad Lee, Extension Agronomist, University of Kentucky

Farmers are looking where to cut production budgets for 2015. Three of my colleagues and I were honored to speak at the National Commodity Classic this year. During our presentation, one of my colleagues closed out our session by saying that the two things farmers need to do is: 1) use appropriate soil-applied fertilizers based on soil tests; and 2) use highly effective weed control, which probably includes a soil residual herbicide. All of us in the room agreed that these are probably the two things many farmers will cut in 2015.

Thursday, March 24, 2011

Corn and Soybean Profitability 2011

Corn and Soybean Projected Profitability 2011
March 22, 2011

Greg Halich
Department of Agricultural Economics
University of Kentucky
859-257-8841
Greg.Halich@uky.edu

Corn and Soybean New Crop
Price Estimates for 2011
(Based on CME 3/22/11 Closing)
Scenario:
Corn
Soybeans
   Low
$4.75
$10.75
   Baseline
$5.75
$13.00
   High
$6.75
$15.25

Input w/Greatest Impact on Profit?
Fertilizer Cost.
Let’s look at fertilizer prices.