Friday, October 7, 2011
The market was bidding for more corn acres this year but Mother Nature didn't cooperate. It was too late and too wet for farmers to plant as much corn as they wanted to in many parts of the country, at least that was true here. Still, many planted full season hybrids the first week of June when they could take Preventive Planting or plant beans. Most planted beans.
I was sitting in the cab of a farmer in Iowa combining beans with 3 ethanol plants in the horizon. I asked why he didn't plant more corn and he said I grow good soybeans so I can raise good corn. That is exactly what he does.
The yield monitor was sitting on 75 bushels in 30 inch rows, like my other friends in Iowa although most are on 15 inch rows.
Now that corn is under $6 and beans are under $11, it is easy to play "what if." What if I had planted more corn or sold more beans? Moderate yield corn easily out profits excellent soybean yields.
The yields are excellent in many places, too, I think our first farm will come out near 80 bu but I won't have the actual bushels for awhile.
Right now I have to figure out how to get a load of cereal rye from Bryan Ohio to Martinsville. Frieght on it is about $3 per mile for the 164 mile trip.
The weather is gorgeous, hope you have a great weekend.