April 16, 2008
Corn v. Soybeans 2008
March 24, 2008 FEFO 08-06
Corn versus Soybean Returns in 2008
Issued by: Gary Schnitkey and Darrel Good, Department of Agricultural and Consumer Economics
How many acres of corn and soybeans will be planted this year is of great interest and could impact relative corn and soybean prices. Most projections indicate fewer corn acres and more soybean acres will be planted in 2008 as compared to 2007.
Relative profitability of corn and soybeans may impact acreage decisions. Given current cash bids for fall delivery, our analysis suggests that corn will be more profitable than soybeans in 2008 on many farms in Illinois. This analysis is conducted by calculating expected corn and soybean revenues for each Crop Reporting District in Illinois. Differences in corn and soybean revenue then are compared to differences in non-land production costs. Across all Districts, corn is projected to be more profitable than soybeans based on harvest bids as of March 20th.
Click the link for the full report"
http://www.farmdoc.uiuc.edu/manage/newsletters/fefo08_06/fefo08_06.pdf
Posted by Kevin Brooks at 1:45 PM | Permalink |
