Quick Answer: Is Corn Or Soybeans More Profitable?

Can you plant soybeans and corn together?

When corn and soybeans (Glycine max, formerly Phaseolus max) are grown together each grows at a different level and has roots at different depths so they do not interfere with each other.

The corn should be spaced widely to allow soybeans to grow between the plants..

What is the most profitable crop per acre?

10 Most Profitable Specialty Crops to GrowLavender. Lavender farming can produce above-average profits for small growers, as it is such a versatile crop. … Gourmet mushrooms. … Woody ornamentals. … Landscaping trees and shrubs. … Bonsai plants. … Japanese maples. … Willows. … Garlic.More items…•

What is the best fertilizer for soybeans?

For a 60-bushel per acre soybean crop, this is 48 pounds per acre of actual P2O5 or 90 pounds per acre of monoammonium phosphate (MAP) or 100 pounds per acre of diammonium phosphate (DAP). Spring application of P fertilizers is recommended over fall application when soil pH levels exceed 7.4.

What is a good soybean yield?

There’s something good happening in soybean fields across the U.S. Since 2013, average soybean yields have exceeded the trend line, with an average above-trend yield of 3.7 bu. per acre, according to USDA’s National Agricultural Statistics Service. From 2013 to 2018, six states had average yields more than 6 bu.

Should I plant corn or soybeans?

Soybeans are traditionally planted after corn nationwide, primarily because of risk. Corn costs more to plant and needs time to take advantage of higher-yielding, long-season hybrids. Soybeans are more forgiving than corn and have a better chance to produce a crop if planted well into June or July.

Why do farmers alternate corn and soybeans?

Rotating corn and soybeans allows farmers to use less nitrogen fertilizer when growing corn. That benefits the environment and allows farmers to save on input costs. … Soybeans leave nitrogen-rich residue in the soil, which leads to vigorous growth of decomposer bacteria and fungi microbes.

What farming is most profitable?

8 Most Profitable Plants To GrowBamboo. Landscapers and homeowners are paying as much as $150 each for potted bamboo plants, and many growers are finding it hard to keep up with the demand. … Flowers. … Ginseng. … Ground Covers. … Herbs. … Landscaping Trees and Shrubs. … Mushrooms. … Ornamental Grasses.

What do farmers use soybeans for?

Soybeans are processed for their oil (see uses below) and meal (for the animal feed industry). A smaller percentage is processed for human consumption and made into products including soy milk, soy flour, soy protein, tofu and many retail food products. Soybeans are also used in many non-food (industrial) products.

Why do farmers leave strips of corn?

The prairie strips reduce soil and nutrient loss from steep ground, provide habitat for wildlife, and improve water infiltration.

How much does it cost to put out an acre of corn?

For corn, seed costs are $118 per acre for 2016, with projections of $118 per acre for 2017 and $117 per acre for 2018.

How much does it cost to raise soybeans?

Average costs per acre for soybean ranged from $168 to $204 and average cost per bushel ranged from $3.30 to $4.19. Average returns per acre ranged from $62 to $194. Better efficiency (low cost per bushel) occurs with higher yields.

How much do you make per acre of soybeans?

For 2019, operator and land returns are projected at $201 per acre for corn and $198 per acre for soybeans, for an average of $200 per acre. Any cash rent over $200 per acre will result in losses to farmers.

Can you combine soybeans in the snow?

Soybean does not “store” well in the field over the winter. Shatter and seed quality degradation may lead to an unmarketable crop if taken in the spring. Set the combine and check it often if you are running snow through the housing. The cold temperatures may be to our advantage as the snow should move easier.

How much do farmers make per acre of soybeans?

soybeans per acre, farms averaged $673 total revenue per acre and averaged $664 total cost per acre. The most profitable farm made $275 per acre while the least profitable lost $222 per acre. Machinery and land costs had a lot to do with that gap, but numbers can be deceiving.

How many acres do you need to make a living farm?

There is no hard-and-fast land requirement. However, the farmers I spoke with said that someone would need at least 500 owned acres and 1,000 leased acres to make a living. The quality of the land certainly affects those numbers.