2018 CROP REVENUE ESTIMATE COMPARISON TABLE
ASSUMPTIONS:
- 2018 APH yields of 180 Bu./A. for corn and 50 Bu./A. for soybeans (80% RP policy).
- Market price of $3.15/Bu. for corn and $7.50/Bu. for soybeans (est. as of 8-31-18).
- Crop insurance harvest prices of $3.60/Bu. for corn and $8.40/Bu. for soybeans (est. on 8-31-18).
- MFP aid payment of $1.65/Bu. for soybeans and $.01/Bu. for corn.
- Initial MFP payment will be 50% after 9-04-18, and the other 50% after 12-01-18 (est.)
- Estimated 2018 cost of production of $675/A. for corn and $475/A. for soybeans.
(Including $225/A. for land rent.)
| 2018
CORN |
AVE. YIELD
(APH Yield)
|
HIGH YIELD
(APH Yield +20%) |
LOW YIELD
(APH Yield -20%) |
| Est. Final Yield
|
180 | 216 | 144 |
| Est. Crop Revenue
($3.15/Bu.) |
$567 | $680 | $454 |
| Crop Ins. Payment
($3.60 Harvest Price) |
0 | 0 | $52 |
| MFP Payment
($.01/Bu.) |
$2 | $2 | $1 |
| Total Est. Revenue | $569 | $682 | $507 |
| + or (-)
Breakeven ($675/A. Costs) |
( $106) | + $7 | ( $168 ) |
| XXXXXXXXXXXX | XXXXXXXXXXXX | XXXXXXXXXXXX | XXXXXXXXXXXX |
| 2018
SOYBEANS |
AVE. YIELD
(APH Yield)
|
HIGH YIELD
(APH Yield +20%) |
LOW YIELD
(APH Yield -20%) |
| Est. Final Yield
|
50 | 60 | 40 |
| Est. Crop Revenue
($7.50/Bu.) |
$375 | $450 | $300 |
| Crop Ins. Payment
($8.40 Harvest Price) |
0 | 0 | $70 |
| MFP Payment
($1.65/Bu.) |
$82 | $99 | $66 |
| Total Est. Revenue | $457 | $549 | $436 |
| + or (-)
Breakeven ($475/A. Costs) |
( $18 ) | + $74 | ( $39 ) |
*** Table prepared by Kent Thiesse, Farm Management Analyst ***