Original: Dec 28, 2020
UPDATED: JAN, 2023
A lot has changed in 3 years. Take for instance the price of corn! When we first wrote this blog the market price for corn was $3.50/bu, and now today’s market price is $6.63/bu! One thing that hasn’t changed is your planter will continue to wear with every acre through the field, and that wear negatively impacts yield. With the elevated prices of corn, you will experience a much greater impact to your revenue if you don’t fix those worn planter parts. Take a look below and see for yourself just how much things have changed!
Putting pencil to paper, let’s look at a hypothetical example based on 2,000 acres of corn with a 16-row 1775NT CCS Planter assuming $3.50 market price… and today market price is $6.63/bu
REVENUE AT RISK
4 bu/a x $3.50 = $14 per acre in potential revenue
For a 2,000-acre corn operation totals $28,000
4 bu/a x $6.63 = $26.52 per acre in potential revenue
For a 2,000-acre corn operation totals $53,040 at risk with worn out planter parts!
Easy math says the same worn planter parts in 2020 have over $25,000 more impact in 2023... WOW!
WE’RE HERE TO PROTECT YOUR INVESTMENT
- Right now, is a great time to buy planter parts with many being on sale in the 2023 Spring Parts Catalog
- You can even buy now and pay after harvest with the John Deere Multi-Use Account’s Harvest Terms incentive