Saturday, March 21, 2015

Ranches for Sale in Colorado: Key Factors for Planting Cash Crops

Some people who acquire ranches for sale in Colorado are set on cash crop farming or crops that are surefire money generators. In the United States, cash crops include corn, wheat, cotton, and soybeans. When it comes to their cash-making abilities, these crops are not equal, however. In fact, multimedia editor Jeff Caldwell writes that that soybean grower is hearing more cash registers ring than corn growers. Based on projected costs and the median prices projected in USDA's World Agricultural Supply and Demand Estimates (WASDE) report earlier this month, soybeans will net more per-acre revenue than corn this fall, says University of Illinois Extension ag economist Gary Schnitkey. Neither crop will light the world on fire this fall, returns-wise, but the cost side of the equation will likely make soybeans the winner, provided yields wind up where the latest estimates have them.


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