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The Ortonville Independent
Ortonville, Minnesota
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April 27, 2010     The Ortonville Independent
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April 27, 2010
 

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I ota Farm Income in 2009 i,the fields earlier than expected due to the warm weather the area )ut before the rains fell over the weekend. )mmodities in 2009 were: $3.80 for )rn down from $4.17 in 2008; $9.84 pr Soybeans, down from $10.30; and 5..81 for spring wheat, down from 755. '. The 399 participating dairy farms cperienced a severe drop in income ith many farms experiencing losses. [edian income for dairy farms dropped , $2;077 from $58,081 in 2008. The Jerage price received for milk was 13.57 per hundred pounds compared to 19.46 in 2008. Although dairy -oducers cut their costs of production to 15.46 per hundred pounds, they could :)t lower costs enough to be profitable. • Many hog farmers experienced a • .cond consecutive year of losses or Ct'remely low profits. The median hog :oducer lost $73,525 in 2009 compared making a modest profit of $4,876 in 908. The hoped-for price increase ever materialized as the price-per- andred pounds sold dropped to $43.30, 9wn from $48.53 in 2008. • Beef farms continued to show weak profitability. The beef producer with the median net income experienced a net farm loss of $13,138, down from a loss of $6,810 in 2008. • Corn and soybean yields were higher with corn at 180 bushels per acre up from 167 bushels in 2008; soybeans at 42 bushels an acre, up from 40; and spring wheat holding steady at 62 bushels an acre both years. • Average cost of production for an acre of corn increased by 12 percent. Seed cost increased 23 percent, fertilizer costs went up by 35 percent, and land rent was up 9 percent. Details of the annual analysis are available at www.finbin.umn.edu through the University of Minnesota's Center for Farm Financial Management, which provides educational programs and software tools that are practical, timely and applicable to real-world farm situations. eks as the spring harvest is underway as shown above. Rain did halt warm for the upcoming week. |era[( d nl n TELEPHONE Future. Communications. Today. Our thanks to t e American FarmE rs! Chokio, MN 56221 Phone (320) 324-7111 Phone 320-839-2861 OR Toll Free 1-800-368-3310 .,.  I • F U E L -0,- I "° 1 I I, Chanks g Stone --rake rea 3armersI m At- u ........ biorefining P.O. BOX 356 ° 48416 - 144TH STREET - BIG STONE CITY, SD 57216 PHONE 605.862.7902 FAX 605.862.7904 J PRO AUTO SALES & ERVICE Auto Sales • Full Service Mechanic Work Body Shop • Auto Parts • Tire Sales Kevin Backstrand Ortonville, MN HEDGE & HE ERG TRUCKING P.O. Box 98 • BigStone City, SD 57216 We Proudly Salute the American Farmer/ Colleen & Gayle Hedge, Owners We proudly salute our area ag producers/ O O .JOHN DEERE SERVING FARMERS' NEEDS FOR OVER 50 YEARS 609 Hwy. 75 North-- Wheaton, MN 56296 Phone 320-563-8112 Toll Free 800-9,50-44. 17 We Proudly Support Our 00rea Farmers/ Member FDIC Minnwest Bank 21 SE Second St, • P.O. Box 128 • Ortonville. MN 56278 • 320-839-2568 www.minnwestbank.com e Proudly Support and Salute Our Area Ag Producers! 316 E. First Street • Graceville, MN 56240 Phone 320-748-7294 or Toll Free 800-450-7294 00e're proud to salute our area ag producers! BAUER COUNTRYSIDE Ao SERVICE RR 2 • GRACEVILLE, MN Chuck Bauer • 800-930-0713 (mobile) Rick Gilsdorf • 800-620-2983 (mobile) Bellingham Farmers Co-op Elevator Co. -For All Your Farm Supplies - • m GRAIN DEPT. 568 2127 AGRONOMY DEPT. • 568-2216 PETROLEUM DEPT. • 568--2126 BOX 337 • BELLINGHAM, MINNESOTA