Oct 30, 2014

Just like that...They are off!

After  6 months of watching this amazing little seed be planted, germinating, growing into a beautiful green plants and then dry and die down, the soybeans have been harvested. Rain is coming the guys worked near round the clock to get these beans harvested and in the grain bins.

So we watched these plants grow what now?

This particular field of soybeans yielded around 70 bushels per acre.  (this is pretty good)

They had around an 11% moisture level. This is important because the bean has to be dry enough to store in the grain bin on the farm or be taken to town and sold at the grain elevator. You will get docked on price for too high moisture or the beans will rot if you put them in the bin too wet.

The price of soybeans now is around $10 per bushel.

Each semi can hold approx. 1,000 bushel of beans that is about $10,000. Talk about a precious load that semi is carrying down the road.

Now that $10,000 is not a profit, in fact with commodity prices being as low as they are and the cost of fertilizer, seed and fuel prices being so high, farmers are seeing a much smaller profit margin than would be liked.
Farmers have lots of overhead to take into consideration and lots of risks too. Project #watchthemgrow