Corn Farming in USA

KEEPING IT REAL GROWING A CORN CROP average age of a U.S. farmer: 56 years old average number of acres per farmer 1.046 (56% planted in corn) IT'S IN OUR ROOTS 95% of all corn farms in America are FAMILY OWNED. a farmer has to be an optimist or he still wouldn't be a farmer. -will rogers The Risk BEFORE THE BOTTOM LINE | INVESTMENT NEEDED FOR JUST ONE ACRE fertilizer $122 seed $95 labor $40 farmground rent $201 $$$ repairs & fuel $47 non land interest $50 crop protectant $44 overhead $35 building $10 drying $22 depreciation $38 storage $13 Total Risk: $717 per acre Average Corn Yield: 164 bushels per acre Average price =$5.08/bushel AFTER RISKING $419,990 THAT FARMER EXPECTS TO RECEIVE $68,018 ON HIS ČORN CROP. BUT THERE ARE VARIABLES. WHAT IF THE CROP SUFFERS? expected yield drought disease Actual yiel flooding wind AND EXTRA EXPENSES BECAUSE FARMERS ARE SELF-EMPLOYED asset insurance-$4,300/yr life insurance -$2,500/yr 15.3% social security tax health insurance-$18,000/yr PLUS RISING INPUT COSTS which have nearly DOUBLED since 2005 why they farm: FAR AND AWAY, the BEST PRIZENas to offer that life chance to WORK HARD at work worth doing. -Theodore Roosevelt