On 17/04/2008, David B. Benson <[EMAIL PROTECTED]> wrote:
>
> On Apr 16, 6:11 am, Raymond Arritt <[EMAIL PROTECTED]>
> wrote:
> > ...
>
> >
> > Land rent and labor, to name two big ones. Also seed, fuel, and
> > herbicides or pesticides.
>
>
> Around here (dry-land soft white winter wheat), most farms are fully
> owned and most farmers do all their own work (except during harvest).
That still gives them the opportunity cost of not renting the land to
someone else, and the same goes for their labour.
> The major costs are diesel for the monster tractors (also barges) and
> fertilizer. The others are minor costs.
> The most recent prices I have seen posted for wheat delivered to
> Portland, Oregon, is just under $15 per bushel, down a little from the
> highest prices during the winter. Last summer the farmers who sold at
> $5--6 thought they were doing very well...
Can we have standard units please? The world deals in tonnes, for the most part.
Thanks,
James
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