How Much Money Can You Make Per Acre Of Alfalfa

Alfalfa tops 2018 list South Dakota'south of most profitable crops

Lon Tonneson alfalfa closeup

Money MAKER: Alfalfa produced the nigh net turn a profit for farmers and ranchers enrolled in the South Dakota Heart for Farm and Ranch Management program.

Small grains suffered this spring due to wet conditions and high temperatures.

Alfalfa was the almost profitable crop in 2018 for the farms and ranches enrolled in the South Dakota Center for Farm and Ranch Management program.

• Alfalfa.Alfalfa averaged a net return of $162 per acre in 2018, with an average yield of iii.53 tons per acre valued at $109 per ton against full listed expenses of $223 per acre.

• Soybeans.Soybeans averaged a net render of $124 per acre, much college than $38 per acre in 2017. The average yield of 54.61 bushels per acre, coupled with the Market Facilitation Payments, generated a gross income of $494 per acre. The average yield in 2017 was 44 bushels per acre. The total toll of product for an acre of soybeans was $370, up from $323 in 2017.

• Corn. Corn averaged 175.46 bushels per acre with an average price of $three.21 calculated by fall sales and ending inventory values. Forth with some miscellaneous income, corn grossed $589 per acre. The total expense for corn was $473 per acre, giving it a net return of $116 per acre. In 2017, the average yield was 143 bushels per acre causing a net loss of $seven per acre.

Timely rainfall for many and an increase in price over last twelvemonth accounted for the turnaround in corn, according to Will Walter, teacher at Mitchell Technical Institute.

College returns from 53 bushels more yield valued at a slightly higher cost received, coupled with lower costs, made the high 20% and low 20% vary from a $213 turn a profit to a negative $55 per acre. The high 20% return corn fields yielded 185 bushels per acre and the low 20% return corn fields yielded 131 bushels per acre. On the loftier return 20%, the full cost per acre was $419 per acre compared to $482 on the low twenty%.

• Winter wheat. Wintertime wheat averaged a render of $8 per acres. The average yield was 57 bushels per acre, which was similar to 2017.

• Oats.Oats lost an boilerplate of $9 per acre.

Walter says the shortened spring season of 2018, with early moisture spring weather condition that turned to hot temperatures in early on summer, made small grains endure.

SD 2018 crop profits

See the complete report at sdcfrm.com.

Source: SDCFRM, which is solely responsible for the data provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for whatever of the content contained in this data asset.

Source: https://www.farmprogress.com/crops/alfalfa-tops-2018-list-south-dakota-s-most-profitable-crops

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