How much does farm seed cost?
How much does farm seed cost?
Typical seed costs on a per acre basis can vary between $40 to $70 for corn and $25 to $50 for soybean, depending on the desired plant population, variety/seed lot, seed quality and seed cost per bag.
Who owns the seed market?
The ten largest seed corporations dominate three quarters of the commercial seed market. The top three of these, Monsanto, DuPont and Syngenta, represent more than half (53 percent) of the market.
Why are seed prices rising?
Seed costs for corn have trended up over time. Genetic improvements and biotechnology use in hybrids have led to higher yields, contributing to the general increases in seed prices and per acre seed costs. Seed costs also are positively associated with increases in expected revenue from corn production.
How much does an acre of soybeans sell for?
Average costs per acre for soybean ranged from $168 to $204 and average cost per bushel ranged from $3.30 to $4.19. Average returns per acre ranged from $62 to $194. Better efficiency (low cost per bushel) occurs with higher yields.
How many seeds does Monsanto own?
1,676 seed
Forty percent of U.S. cropland, or 151.4 million acres, are planted in Monsanto’s crops. Monsanto owns 1,676 seed, plant and other applicable patents.
Are seed prices going up?
Seed selection is one of the biggest decisions that farmers make every year. Corn and soybean producers enjoyed higher prices for their commodities this year but the cost to produce it is going up too. For example, farmers will pay more for 2022 seed.
Will there be a seed shortage in 2021?
No, there is no seed shortage. If orders greatly exceed projections, as they did this year, the supply of packaged seed will run out. Seed companies are experiencing order volumes 8 to 10 times greater than last year! This is an unprecedented increase.
How profitable is soybean farming?
For 2019, crop revenue for soybeans was $547 per acre based on a 64 bushel per acre yield and an $8.55 per bushel price. Soybean crop revenue in 2019 includes $10 per acre for ARC/PLC and $82 per acre for MFP payments, the same as for corn.
Does Monsanto own all soybeans?
By far the dominant maker of soybean seeds is Monsanto. Like Intel’s dominance in the chip market, almost every soybean in America has Monsanto inside. Monsanto makes some 90 percent of soybean seeds sold. And the product patent means farmers have to buy them every year.
Did Percy win against Monsanto?
Percy Schmeiser’s long legal battle against Monsanto has reached an end. On 21 May 2004, the Supreme Court of Canada ruled, in a tight 5-4 decision, that the farmer was guilty of violating Monsanto’s patent on a gene for resistance to glyphosate (“Roundup”, a broad-spectrum herbicide).
