What is the price of corn seed?
During the 2015 to 2020 period, seed costs declined slightly from $102 in 2015 to $92 in 2020. Corn prices moved higher in late 2020 and have persisted through 2021. Historical relationships would suggest that those higher corn prices could lead to higher seed costs in 2022.
How much does one bag of corn seed cost?
The Seed Market
| Crop | Price per bag | Size of bag |
|---|---|---|
| Corn | $89.90 | 80,000 kernels |
| Soybeans | $15.49 | 60 lbs. |
| Wheat | $11.25 | 60 lbs. |
How much is a bushel of seed corn worth?
Average cost per bushel has been between $1.25 and $1.95 in the cash corn division and $1.13 and $1.81 in the livestock corn division. Corn seed costs have increased 74% since the inception of the contest in 1987.
Why are seed prices so high?
Shortages and dangerously high temperatures across the country have hit the crop-producing states even harder than most others. Reduced availability has led to sharp increases in prices. Acquiring the turf seed itself becomes more difficult.
How much does it cost to grow 1 acre of corn?
Even though corn will return more than beans, the total cost per acre for corn is about $963 compared to about $683 for soybeans. This means that working capital requirements for 2,500 acres is about $700,000 higher for corn versus soybeans.
How much does a bag of DeKalb seed corn cost?
In our research, farmers in Illinois, Indiana, and Wisconsin are paying the highest prices for DeKalb ® seed, with the average price per bag exceeding $300. Compare that to the average price paid for DeKalb ® in South Dakota, around $230.
How much do corn seeds cost per acre?
Typical seed costs on a per acre basis can vary between $40 to $70 for corn and $25 to $50 for soybean, depending on the desired plant population, variety/seed lot, seed quality and seed cost per bag.
How much money do farmers make per acre of corn?
From 2013 to 2019, corn returns averaged $253 per acre, well below the 2019 projected return. The 2019 projected return is $89 per acre above the average 2013-2019 average return.
How much is an acre of corn seed?
Will corn prices go down in 2021?
Total US corn exports jumped 54% from 2019 to 2020, and current projections from the USDA have only called for a 9% decline for the 2021-2022 crop year.