Ag Decision Maker Activity
Crop Yields and Prices
File A1-14
File A2-11
Name_______________________
Complete the following activity using information from Files A1-14 and A2-11.
1.
Calculate the gross income from an acre of corn in your county based on
the average 2011 marketing year CORN price. Compare three different
scenarios, the 10- year average, the highest yield and the lowest yield.
10 year average gross income
__________________
Highest yield gross income
__________________
Lowest yield gross income
__________________
2.
If you have $760 in total costs and your yield ends up being the 10 year
county average, what would be your break even selling price?
____________________
3.
If you have $760 in total costs and your yield ends up being the HIGHEST
yield, what would be your break even selling price?
____________________
4.
Based on the average CORN price for the 2011 marketing year and
expenses of $760 per acre, what YIELD would be necessary to break even?
____________________
5.
Based on the average SOYBEAN price for the 2011 marketing year and
expenses of $550 per acre, what YIELD would be necessary to break even?
____________________
6.
If you have $550 in total costs and your soybean yield ends up being the
10 year county average, what would be your break even selling price?
____________________
Ag Decision Maker Activity Continued…
Crop Yields and Prices
File A1-14
File A2-11
7.
Assuming your soybean yield is the 10 year average, how much difference in
gross income would be achieved per acre if you sold during the highest
month of 2011 versus selling during the lowest month of 2011?
____________________
8.
Using the answer from the previous question, how much difference would this
amount to if you have 500 acres of soybeans and sold it all at once?
____________________
. . . and justice for all
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race,
color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not
all prohibited bases apply to all programs.) Many materials can be made available in alternative formats for ADA clients. To
file a complaint of discrimination, write USDA, Office of Civil Rights, Room 326-W, Whitten Building, 14th and
Independence Avenue, SW, Washington, DC 20250-9410 or call 202-720-5964.
Issued in furtherance of Cooperative Extension work, Acts of May 8 and July 30, 1914, in cooperation with the U.S.
Department of Agriculture. Cathann A. Kress, director, Cooperative Extension Service, Iowa State University of Science
and Technology, Ames, Iowa.