Corn prices rise on tightening supplies D., AgriLife Extension grain economist, Bryan-College Station, said the market is highly speculative at this point due to a range of factors that boil down to tight supplies and high demand currently and uncertainty about domestic and foreign production this growing season.

Prices on 2021 harvest-time futures contracts are above $6.00 per bushel for corn and $14.00 per bushel for soybeans, well above most prices since 2013.

The U.S. Department of Agriculture released 2021 corn and soybean supply balance sheets for the first time in the May World Agricultural Supply and Demand Estimates (WASDE) report. In the report, the market year average (MYA) prices for 2021 are projected at $5.70 per bushel for corn and $13.85 per bushel for soybean.

Corn futures dropped on Tuesday as concerns about abundant supply whacked America’s biggest cash crop. It’s the latest trading volatility in the commodities sector as the pandemic and the economic reopening distorted markets and led to big speculation in areas like lumber.

Non-land costs for corn were $566 per acre in 2017. These costs are projected at $541 per acre in 2017 and $533 per acre in 2018. Non-land costs for soybeans were $353 per acre in 2016. Projections are for $341 per acre costs in 2017 and $335 per acre in 2018.

What’s the matter, from farming the IT to farming the land? Yes, you can make productive use of your 100-acre. Make it a hunting ranch by planting some trees and bringing in some animals for guided tour That’d not be labor intensive, and would be more profitable than farming or ranching.

According to salary data for farmers, ranchers and other agricultural managers from May 2016, the average salary is $75,790 a year. In contrast, they make a median salary of $66,360, with half getting lower salaries and half being paid more.