03-27-2024, 08:03 AM
(03-26-2024, 03:41 PM)westwardloo Wrote:(03-26-2024, 02:10 PM)Rainrider22 Wrote: Just for some perspective, Soybeans fetch an average of 1.00 a pound or 2000.00 per ton. average 9 to 10 tons per acre is 18 k to 20 k / acre. Still make more money in two years than the cash being offered. Mind you, you have overhead That is an entirely different story... seed, fuel, fertilizer, taxes, equipment costs. crop insurance etc, Farmers make good money on that land... Again, just pointing out some numbers. Overall, like I said, it would likely benefit many more people to be made industrial than remain agriculture.I live on a farm and although we rent the land out, both me and my partners families are from a farming background. I can tell you with almost 100% certainty that farmers don't make anywhere close to 18k per acres. Maybe $500 per acres on a good year. Soybeans can't be grown each year either, you typically rotate the crop between corn, wheat and soybeans.
https://farmersforum.com/eastern-ontario...e-of-land/
These farmers are getting paid well to relocate. Does it suck, absolutely.
Really it is the Neighbours that are the ones that are really pissed about this. They aren't getting the pay day and they will be living next to a giant factory. 100% this is more of a NIMBY issue then they want it to seem.
I too have a farming background. My best friend is a commodities buyer/seller for a very large corporate company that sells all over the world, I know what he pays and those prices are accurate. You are correct they dont "make" 18k per acre because of costs. Fuel and fertilizer alone are killing profits... Also, many farmers don't rotate crops. I too rent out land and they have been doing soybeans for 10 years straight with no issue and high yields... but all I was trying to do was simply show what the worth of 700 acres can be to the agri business...