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Farming your own ground

Wi transplant

Wi transplant

PMA Member
Just looking for some info from the guys on here who farm there own dirt? Not food plots but enough acreage to have income. Looking for in put cost on doing soybeans. What's your breakdown cost per acre for seed fert spray ect. On a larger scale? Im looking at possibly trying 65 acres of beans no till and looking at the numbers instead of renting out the 65 acres . Thoughts / facts appreciated!!!!!

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Going to depend a lot on what equipment you have and what you will need to have hired done. We farm about 2000 acres. The only equipment we dont have is fertilizer application equipment. I will have to do cash flow statements before the end of the year for my bank operating note. I could pm you some numbers if you like. My numbers won't match what you are able to get unless you can piggyback off of someone else most likely. Fertilizer seed and chemical prices usually are cheaper the more you buy.
 
65 is very manageable. The first go around- u almost have to go “will I be ok if it’s a disaster?” Which your crop insurance will get u in a decent situation worst case.
This is common sense but often doesn’t go right…. Getting things in plenty early & harvesting on time. Have a good trustworthy guy on combine. The weed control is obviously critical as well. If u get in on time, weed control excellent & u did get your fertility right- the weather is actually down the list from those on impact IMO. One big avoidable mistake can be very costly & there’s 3-4 big ones right there you can’t get wrong.
Then- be ok with “stressing about weather”. I can’t “not look” but I try my best not to let it bug me. It still does.
Last little tidbit- just get some basic advice on when to contract some grain at certain amounts. I’m not the best on grain marketing or best prices to lock in (gamble to some extent) - just get some smart guys to give you a bit of guidance ….. don’t get to October with 0 locked in & a need to deliver immediately.
If u pulled your soil tests now….. you could know what your fertility costs are going to be so you can pencil this out pretty close
 
I guess what im ultimately asking if I get 265 acre rent is there a potential for making more farming myself ? I would have to contract spraying and combine. Or just stick to rent and my food plots?

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Curious what your corn aph is? I've wondered about taking some tillable and hiring out everything just to see how it'd work out from a return perspective myself.
 
Wi transplant said:
I guess what im ultimately asking if I get 265 acre rent is there a potential for making more farming myself ? I would have to contract spraying and combine. Or just stick to rent and my food plots?

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$265
U know what soil rating is - csr? How does it lay? Like tons of trees around it or deer damage?
265 sure is not bad and for 65 acres…. I probably would keep renting it, buy back some crops & then u spend the time perfecting plots & farms. IMO- that’s most efficient. At 265…. Maybe if ur ground was one big field, 80 csr with tile & little for deer damage- ya, you could make more. But im gonna guess u have a few things where you go “ya, that’s a challenge”. But- 65 x 65 bushels x lets just say $11 bushel (good land like I described) = $46,475 / 65=$715 gross per acre.
Per acre, let’s make this up- I’m off on some of these but loose guesses…
seed: $50, plant $25, all spray stuff: $75. Fertility: $100 (could be way more or way less), $50 for harvest & haul. Maybe fungicide, insurance, this cost or that…. $60. Total: $360 expenses.
$355 net profit IF that were right
Clearly in that example you’re $100 an acre ahead vs rent. A lot can swing good or bad too. So- let’s make this simple…. If things go “well” & u have good soils & can raise 65 bushel …. U could make $6500 more for the monkey business. Not chump Change but also does have hassle & headache so no right or wrong. One wrong way would be “oops, this issue or mistake brought me down 20 bushel” then u shoulda rented.
If you’re an agronomy animal & u truly have the soils & can build em & do things like manure, nutrients, PH, right hybrids, great equipment & u r a lunatic on weed control & have a green thumb, etc…. Maybe u get that sucker to push 70-75+ bushels for example. High csr soil with tile done right- very possible. More common though: mistakes & go other direction. Weigh it all out. Fun part- u can’t choose wrong as your worst choice is still probably fine. Try it a year if u can afford a learning experience. You will learn lots from it & if u don’t like it - go back to renting. Or- just rent it & don’t think about it ;)
 
Agree with above- it’s going to be drastically different depending on how much you can do yourself and offset some things.
I’d take rent personally- I say that as I just rented another 80 acres but up here, rent is a bit higher. Between my dad and uncle, we have all the equipment- and my cousin works at the fertilizer plant and gets us some screaming deals. We still don’t “break the bank” with money rolling in… we did corn this year, and after all the payments for fertilizer, insurances, maintenance, etc- I question my choice of renting more
 
One option for you if you think you are leaving money on the table is a crop share arrangement. In good years you will get more but might get less in bad years. The old time arrangement was a 50/50 arrangement. The renter provides all of the labor and equipment and pays for half of the inputs(seed, fertilizer, and chems). You would pay for half of the inputs and you split the crop in the fall. You can also split the crop a different percentage to get to where you want to be.
 
Who gets the farm subsidy payments? Landowner or tenant? Cash rent I would think the tenant gets that check but maybe can negotiate.
 
Whatever the lease says, but normally they are the same split as the rest of the revenue in a crop share. Typically cash rent the tenant gets the payment.
JNRBRONC said:
Who gets the farm subsidy payments? Landowner or tenant? Cash rent I would think the tenant gets that check but maybe can negotiate.
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Found this AI answer, but costs seem high... Corn is projected at 210bu and beans at 60bu in nthe example. Looks like a 'break even' year to me....but lots of questions for which I don't have answers - what's in those costs besides the obvious? How much of the cost is machinery depreciation? What do they use as cash rent cost? Do they add in farmer labor cost, and at what rate? What are the government subsidies? Do they use the cost of inputs against removal rates? Do they add in any farm improvement costs - tile, drainage work, tree removal? Do they add in storage costs/bin loans? Do they add in costs for loans on farm ownership? I've come to the conclusion that if I want to take on risk, I'd do a crop share agreement, but haven't done that yet either. $265 for Mo ground is what I'd consider pretty darn good. It's the best rent I get on my best bottom ground farm with 180a easy to farm tillable...
Can anyone chime in with how the subsidies work?
AI Overview


The 2025 cost of production for Missouri
corn is projected to be around $909 per acre or $4.33 per bushel, while for soybeans, it is forecast at $662 per acre or $11.03 per bushel. These figures represent an expected decrease from 2024, primarily due to lower land costs, although some input costs like fertilizers have increased.

Corn
  • Cost per acre: $909
  • Cost per bushel: $4.33
  • Projected yield: 210 bushels per acre
  • Key factor: A $48 per acre decrease in land costs is the main driver for the overall reduction compared to 2024, while fertilizers have increased by $12 per acre.

Soybeans
  • Cost per acre: $662
  • Cost per bushel: $11.03
  • Projected yield: 60 bushels per acre
  • Key factor: A $60 per acre reduction in land costs is a major contributor to the lower cost, though fertilizer expenses have risen by $18 per acre.
 
Wi transplant said:
I guess what im ultimately asking if I get 265 acre rent is there a potential for making more farming myself ? I would have to contract spraying and combine. Or just stick to rent and my food plots?

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Potentially more income yes…. When it doubt compare it to crp income.. $265 not bad for many parts of the state tho
 
Thats alot more than we get in Kansas.I get a share of the subsidies payments.i do have to pay for my own insurance and the fertilizer and get 1/3 of crop but you are getting that much as cash rent.Probably no way you would make more either buying equipment of paying someone to custom plant and harvest.
 
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