Fall 2011 wheat planting decision
Another possibility for winter wheat would be ground that is coming out of corn but where the farmer was thinking of planting corn again. This is commonly referred to as continuous corn and is usually done on the best ground. This situation would be most applicable for the Daviess/Union County area.
In this situation I’m assuming: 167 bu continuous corn (5% yield loss from 175 bu rotational corn) 65 bu wheat 38 bu double-cropped soybeans. $174 net profit wheat-soybean double-crop $246 net profit continuous corn. This results in a $72 difference in favor of continuous corn.
So given the current market conditions, double-cropping looks to be a mixed bag for the 2011-12 crop year. In the Hopkinsville area, it looks fairly attractive. In the Daviess/Union County area it looks less so. The other wildcard for fall plantings of wheat is soil moisture conditions in the fall. But given that these conditions are favorable through most of the state this shouldn’t be a major issue this year.
To change the assumptions above to your specific conditions and evaluate your expected profitability, please refer to Department of Agricultural Economics Budgets/Decision Aids Web site at: http://www.ca.uky.edu/agecon/index.php?p=29 The Corn-Soybean Budgets and Wheat Budgets are the second and third listed and can be downloaded or opened directly from this page.