How much profit does an acre of corn make?

The last time corn returns exceeded $466 per acre was in 2021, when returns were $630 per acre. From 2013 to 2019, corn returns averaged $253 per acre, well below the 2019 projected return. The 2019 projected return is $89 per acre above the average 2013-2019 average return.

What is the average yield of field corn per acre?

Last year, total corn production was 15.1 billion bushels, up 7% the 2020 estimate, per USDA’s latest report. The average U.S. yield was a record-high 177 bu. per acre, 5.6 bu. above the 2020 yield.

What’s good yield for corn?

Kernel weight Common kernel weights range from 0.25-0.30 grams per kernel. For yield estimation, a correction factor of 65,000 to 110,000 kernels per 56-pound bushel is used; 90,000 is most commonly used.

What is the highest corn yield per acre?

David Hula is no stranger to high yielding fields. This season, he shattered the world corn yield record of 542 bushels per acre – which was also set by Hula in 2017 – with 616 bushels per acre.

How profitable is farming per acre?

Many farms typically have between $10 and $15 per acre of related income. Net income from other agricultural enterprises. Many farmers have other agricultural enterprises. These could include custom farming operations, agricultural sales business, custom livestock feeding, and livestock operations.

Is farming profitable in 2022?

For 2022, USDA anticipates a slight decline in net farm income, moving from $119.1 billion in 2021 to $113.7 billion, a decrease of 4.5%.

How much debt is the average farmer in?

$1.3 million
Debt-to-asset ratios are seeing the same squeeze, with more farms moving into a ratio exceeding 80%. Barrett notes each year since 2009 has seen an increase in the average amount of total debt among farmers, and 2017 was no exception. Average debt rose 10% to $1.3 million.

What state has the highest corn yield per acre?

Corn Yield Per Acre by State: Top 11 of 2017

Yield Rankings: 2017
Rank State Yield (bu/ac)
1 Washington 225
2 Oregon 212
3 Idaho 203

What is the highest yielding corn ever?

What crop has the highest profit?

The highest yielding crops are sugar cane, sugar beet, and tomatoes. Sugar cane accounts for about 80% of the world’s sugar production, while sugar beet the remaining 20%. Not surprisingly, the most lucrative cash crops from a value per acre perspective are illegal in many parts of the world.