Upper Midwest | w1891 - 11/26/2024 16:34
How are you allocating your fixed costs on those idled acres or do you have a feed value that you are pulling off? $70 in N savings is nothing to sneeze at but buying futures and then having to make that $1.00 or more to cover fixed costs feels like your going backwards. Easier here to cover fixed cost by growing something even if overall it’s a money loser. I mean say if you had $200 in cash rent, that’s a lot to gain on the board to cover costs. You are only figuring the value of the nitrogen produced. what about the hours of labor saved? the wear and tear on equipment saved? the extra 40 bushels of corn produced the next year due to a year of fallow? or 10 -15 bushel of beans? Making a phone call to sell 10,000 bushels instead of having to deliver 10 semi loads. Lots a ways to figure savings if you want. You being an end user only want to figure a loss. |
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