FARM BUSINESS NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Thu Mar 6, 2014 09:45 AM CST

HADDONFIELD, N.J. (DTN) -- If high cash rents and bloated overhead expenses of the past five years are any indicator of the future, high-cost corn producers could be awash in red ink in 2014.

University of Illinois economists expect season prices to average about $4 per bushel in 2014-15, down about 50 cents per bushel from last season's crop, so they are bracing for back-to-back hits on grain producer income. In Illinois alone, that means the state's average cash rents already exceed 2014 expected returns by $41 to $48 per acre, University of Illinois economist Gary Schnitkey concluded in a ...

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