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~2017-2021 Prices
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Annual averged estimates of crop revenue, expenses and net returns in US $/acre.
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All statesSouthcentral MN
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Gross revenue Total expenses Net returnsGross revenue Total espenses Net returns
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Corn754.19517.84236.35850.76563.62287.14
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Soybeans, monocropped497.69276.92220.77635.33322.55312.78
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Soybeans, relayed with winter camelina (10% drag)461.45276.92184.53579.64322.55257.09
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Soybeans, relayed with winter camelina (30% drag)370.24276.9293.32465.59322.55143.04
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Wheat, Spring362.76245.11117.65354.89290.8864.01
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Rye0.00209.42-209.420.00209.42-209.42
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Pea 453.85199.90253.95400.63193.90206.73
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Oat268.77183.0485.73342.99193.46149.53
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Alfalfa hay615.09309.50305.59750.07349.35400.72
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Wheat, Kernza ($0.25/ib)*276.67106.45170.22276.67106.45170.22
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Wheat, Kernza ($1/ib)*626.67106.45520.22626.67106.45520.22
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Winter Camelina, monocropped ( $0.12/lb breakeven)*133.01133.010.00133.01133.010.00
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Winter Camalina, relayed with soy ( $0.16/lb breakeven)*133.01133.010.00133.01133.010.00
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Winter Camelina, monocropped ($0.44 avg canola/lb)* 494.12133.01361.11494.12133.01361.11
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Winter Camalina, relayed with soy ($0.44 avg canola/lb)*370.48133.01237.47370.48133.01237.47
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Data from FINBIN (2022) Center for Farm Financial Management at University of Minnesota for between 2017 to 2021. *Data for Kernza is from Lazarus (2022) and Jungers (2021) and for Camelina is from Lazarus and Keller (2018), Larson et al. (2021), R.Russ Gesch (personal communication), and (Ott et al., 2019).
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Soy yield drag 30%
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Table 2. Comparison of two croping systems for the USA and southcentral Minnesota growing regions.
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3 year rotation 3 year rotation3 year rotation3 year rotation 3 year rotation
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Pea/WC relayed soy/Rye/Corn/Rye*Pea/WC relayed soy/Rye/Corn/Rye*Corn-soybeanDif Pea/WC relayed soy/Rye/Corn/Rye* - Corn-soybeanDif Pea/WC relayed soy/Rye/Corn/Rye* - Corn-soybean
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All statesGross revenue 1948.761711.291877.8270.94-166.53
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Total expenses 1546.511546.511192.14354.37354.37
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Net returns402.24164.78685.68-283.44-520.90
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Southcentral MNGross revenue 2087.461849.992229.14-141.68-379.14
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Total espenses 1631.921631.921329.26302.67302.67
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Net returns455.54218.07899.88-444.34-681.81
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* winter camalina price = $0.44/lbs based off canola oil prices and "" winter camilina price = $0.16/lbs breakeven price
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81116568601,961
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3,8393,1931,8781,315
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3,0283,0281,1921,8361,836
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811165686125-521
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3,9783,331.812,2291,7481,103
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3,1143,113.741,3291,7841,785
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864218900-36-682
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8642189000-36-682
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Soy yield drag 10%
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Table 2. Comparison of two croping systems for the USA and southcentral Minnesota growing regions.
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3 year rotation 3 year rotation3 year rotation3 year rotation 3 year rotation
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Pea/WC relayed soy/Rye/Corn/Rye*Pea/WC relayed soy/Rye/Corn/Rye*Corn-soybeanDif Pea/WC relayed soy/Rye/Corn/Rye* - Corn-soybeanDif Pea/WC relayed soy/Rye/Corn/Rye* - Corn-soybean
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All statesGross revenue 2039.971802.501877.82162.15-75.32
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Total expenses 1546.511546.511192.14354.37354.37
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Net returns493.46255.99685.68-192.22-429.69
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Southcentral MNGross revenue 2201.511964.042229.14-27.62-265.09
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Total espenses 1631.921631.921329.26302.67302.67
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Net returns569.59332.12899.88-330.29-567.76
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* winter camalina price = $0.44/lbs based off canola oil prices and "" winter camilina price = $0.16/lbs breakeven price
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