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Think Break #14: Answer. a) 30 corn base acres with a 108 bu /ac payment rate b) 20 oat base acres with a 52 bu /ac payment rate DP = PymtRate DP x 85% x BaseAc x PymtYld Corn DP = 0.28 x 0.85 x 30 x 108 = $771.12 ($25.704/ac) Oat DP = 0.024 x 0.85 x 20 x 52 = $21.216 ($1.0608/ac)
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Think Break #14: Answer • a) 30 corn base acres with a 108 bu/ac payment rate • b) 20 oat base acres with a 52 bu/ac payment rate • DP = PymtRateDP x 85% x BaseAc x PymtYld • Corn DP = 0.28 x 0.85 x 30 x 108 = $771.12 ($25.704/ac) • Oat DP = 0.024 x 0.85 x 20 x 52 = $21.216 ($1.0608/ac) • How do these payments change if you plant only soybeans on these acres? Not at all • How do these payments change if you plant only alfalfa on these acres? Not at all • How do these payments change if you plant only potatoes on these acres? Lose the DP