What were corn prices in 2013?
Corn Prices – 59 Year Historical Chart
| Corn Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year Low |
| 2013 | $5.6872 | $4.1200 |
| 2012 | $6.9160 | $5.5150 |
| 2011 | $6.7973 | $5.7900 |
How Much Does corn cost per acre?
In the corn divisions, depending upon year, the average maximum and minimum cost per acre is $215 to $260 in the cash grain division, and $187 to $234 in the dairy and livestock division (Table 1).
How much does a corn field cost?
Corn Maze Budget Categories The cost of producing corn based on Extension recommendations designed for optimum grain yield vary, but typically range from $450 to $500 per acre. This reflects regular production expenses, including seeds, fertilizer, fuel, harvesting, management, and land charges.
How Much Does corn cost in 2020?
Actual prices can vary from those projected in the first WASDE report. Last year, for example, the first estimate of the 2020 MYA corn price was $3.20 per bushel. The latest projection from the May 2021 report is $4.35 per bushel for the 2020 MYA corn price, $1.15 per bushel higher than the initial estimate.
How much corn can you grow in an acre?
One bushel of corn is equal to 56 pounds. Corn is pollinated by wind and is typically planted in 30-inch rows A sin- gle seed (or kernel) of corn may produce a plant which yields more than 600 kernels of corn per ear. On one acre of land, anywhere from 22,000 to 35,000 individual plants may be grown.
Why did the price of corn drop in 2013?
Corn and soybean harvests declined during the drought of 2012, driving prices to record highs and increasing the value of field crops. But in 2013, an abundance of grain — owing to the record 13.9 billion bushels of corn and third-largest soybean crop — sent prices downward.
How much do farmers profit per acre?
Average four-crop gross income per acre = approximately $790 per acre.
How much profit does an acre of sweet corn make?
Sweet Corn Crop Guide
| Estimated Cost | $500 to $1000 per acre up to harvest |
|---|---|
| Yield Potential | 240-300 crates/ac (5 doz ears/crt) |
| Profit Potential | $0 to $1,200 per acre |
| Adapted Areas | Statewide |
| Labor Requirements | 2 man-days per acre during harvest, machine harvest potential |
Why did corn prices drop in 2014?
In 2014, the market saw price drops for corn and soybeans following record-breaking yields. For the insurance industry, the conversation quickly turned to the importance of crop prices and the price risk that insurers and reinsurers face.