Quick Answer: Should I Plant Corn Or Soybeans?

What does it cost to plant 1 acre of corn?

Cost of production in 2018 is predicted to be $645 per acre.

The breakeven price for corn at a yield level of 200 bushels per acre is $3.23 per bushel.

At 180 bushels per acre it is $3.58 per bushel..

Can you plant soybeans and corn together?

When corn and soybeans (Glycine max, formerly Phaseolus max) are grown together each grows at a different level and has roots at different depths so they do not interfere with each other. The corn should be spaced widely to allow soybeans to grow between the plants.

How can I make money with 10 acres?

Ways to Make Money Off Your Land Almost ImmediatelyRent plots to groups looking to build a community garden. … Start blogging about your newest farming adventures. … Sell local honey at farmers markets. … Sell plant seeds online. … Offer indoor or outdoor storage. … Create fishing lakes or ponds for local fisherman or groups to rent.More items…•

How many acres can 1 person farm?

However, the farmers I spoke with said that someone would need at least 500 owned acres and 1,000 leased acres to make a living. The quality of the land certainly affects those numbers. For this article, let’s assume 150-plus corn bushel-per-acre land for about $7,500 an acre.

How much does it cost to plant 1 acre of soybeans?

Total cost per acre to produce soybeans increased, from $637 per acre in 2017 to $644 per acre in 2018. Power and equipment costs as well as land costs accounted for most of the increase.

What is the best depth to plant soybeans?

1 to 1.5 inchesSoybean should be planted at 1 to 1.5 inches deep, but no deeper than 2 inches. Ultimately, soybean planting depth should be field specific and based more on soil conditions at the time of planting.

Does soybeans need fertilizer?

Increasing soybeans yield Soybeans do not require high fertilizer application rates, yet, an accurate nutritional plan is necessary for increasing yields.

Where do soybeans grow best?

Soybeans are usually grown in cool, temperate regions like the midwestern United States and southern Canada, but tropical climates like Indonesia also produce soybeans. This crop can grow almost anywhere with a warm growing season, ample water, and sunlight.

How much do farmers make per acre of soybeans?

soybeans per acre, farms averaged $673 total revenue per acre and averaged $664 total cost per acre. The most profitable farm made $275 per acre while the least profitable lost $222 per acre. Machinery and land costs had a lot to do with that gap, but numbers can be deceiving.

What is the highest paying crop?

The highest yielding crops are sugar cane, sugar beet, and tomatoes. Sugar cane accounts for about 80% of the world’s sugar production, while sugar beet the remaining 20%. Not surprisingly, the most lucrative cash crops from a value per acre perspective are illegal in many parts of the world.

What is the easiest crop to farm?

Easy Crops to Grow From SeedLettuce. Lettuce can be sown directly in your garden bed, or started indoors for transplanting. … Peas. Snap, snow, and shelling peas are all best sown as early as the soil can be worked in spring. … Radishes. … Turnips. … Beans. … Sunflowers. … Sweet Potatoes. … Winter Squash, including Pumpkins.More items…

What is the best fertilizer for soybeans?

For a 60-bushel per acre soybean crop, this is 48 pounds per acre of actual P2O5 or 90 pounds per acre of monoammonium phosphate (MAP) or 100 pounds per acre of diammonium phosphate (DAP). Spring application of P fertilizers is recommended over fall application when soil pH levels exceed 7.4.

Is corn or soybeans more profitable?

Operator and land returns are $188 per acre for corn and $180 per acre for soybeans, suggesting that corn will be more profitable than soybeans. However, this difference in profitability does not suggest a large shift in acres to corn.

Why do farmers alternate corn and soybeans?

Compared to other crops, corn needs lots of nutrients, especially nitrogen. This makes soybeans a good crop to alternate with corn, because soybeans have nodules on their roots that host bacteria that fix atmospheric nitrogen. … Another reason farmers rotate crops is to break fungus, disease, or insect life cycles.

What is the best time to plant soybeans?

SpringSpring is the time to plant soybeans. As an annual crop, soybeans grow from seed, produce and die in a single growing season. In areas that experience winter frosts, wait until two to three weeks after the last frost date to plant soybeans.