Iowa farmers can review the 2020 numbers and their profit potential for the year
Managing the cost of crop production will continue to be critical for farmer profitability this year, and farmers have some recent data to consider, found in Iowa State University Extension and Outreach’s “Estimated Costs of Crop Production in Iowa” report.
Included in the January edition of the Ag Decision Maker, the report “provides average cost estimates for Iowa farms in 2020, and provides guidelines to help farmers calculate their own costs of production,” according to Alejandro Plastina, report author and assistant professor and extension economist at Iowa State University.
The report includes crop production prices for corn, corn silage, soybean, alfalfa and pasture maintenance, with data compiled from multiple state surveys.