Wheat is now priced at $5.1575 a bushel per pound in the United States as of March 6, 2020. Aside from the price of a 50-pound bag of wheat, how much does a 50-pound bag of wheat cost? The average cost of a 50-pound bag of seed is presently between $12.50 and $12.95. Wheat prices have fallen dramatically since they reached their highest point in 2014 when they were over $17 a bushel.
The price of wheat has been on the rise again since early 2018 when it was under $10 a bushel. In addition to new developments with respect to market demand and supply, the price of wheat is also affected by political factors such as tariffs, subsidies, and world food shortages. All things considered, wheat is a relatively affordable commodity for which to feed the three billion people on Earth today.
Worldwide, the average price of wheat is $140 million per day or $47 million an hour. That means that the price of wheat changes about eight times every single hour!
In conclusion, a 50-pound bag of wheat costs between $12.50 and $12.95. This makes it an affordable commodity for which to feed the population of Earth. Prices fluctuate constantly due to global trade wars, natural disasters, and other factors beyond the control of farmers.
If you intend to graze the wheat, raise the planting rate by 50 to 100%. Drilling the crop using traditional tillage will likely cost around $10 per acre, whereas drilling the crop with no tillage would cost around $12.50 per acre. The overall cost of seed and planting is around $27.50-$30 per acre. Wheat grows rapidly, so if you want the crop to be ready for harvest before it gets cold outside, you'll need to plan ahead. It takes about 70 days for the seeds to mature under soil conditions in Illinois.
The price of wheat tends to be higher when there's a shortage and lower when there's too much on the market. Right now, there's plenty of wheat available so prices are low. However, if another crop failure was to happen, then there wouldn't be enough production to meet demand, which could cause prices to rise.
The good news is that despite the fact that it costs money to drill-farm and sell wheat, this still makes it a profitable crop to grow. If you're looking to add some diversity to your farm business or want to make some extra cash, then growing wheat is a great option. In addition, because it takes so long to produce a grain crop, it's also helpful for farmers who don't have a lot of land to work with.
Overall, planting wheat isn't cheap but it's not impossible to do profitably either.
In 2019, the average reported price for corn seed remained relatively stable year over year, at $305 per bag list price ($244 per bag after discounts). That's about 12% more than what was reported a year ago. The price of cotton seed increased by about 30% during that time.
The number of bags sold of each type of corn seed averaged across all varieties tested by the USDA is shown in table 1. The most popular variety in terms of sales volume was Monsanto Co.'s (St. Louis) Midwestern Grown. It accounted for about 15% of all corn seed sold in 2019.
Table 1 also shows the total number of bags sold of each type of corn seed and the percentage of total sales represented by each product. In terms of sales volume, Illinois Farmers Cotton Seed came in second with about 14%. Its share of the overall market decreased slightly from 18% to 17% while that of Monsanto dropped slightly from 76% to 74%.
These numbers are based on data provided by industry analysts at The NPD Group. They estimate that farmers sold about 95 million bags of corn seed in 2019, up about 5% from 2018. This amounts to about 7.5 billion seeds or sprouts.
According to pricing statistics, markets for feed grade barley decreased by nearly 20% during the 2019 harvest, but have since marginally rebounded and have stayed pretty stable at around $2.75 per bushel. Barley is considered a premium grain because it has a high protein content relative to other grains such as corn or wheat.
Feed barley is used in livestock diets because it is cheap and easy to digest. The protein in barley helps animals grow faster with less effort which is why barleys are used as feed especially in countries where cattle are important for transportation or work. However, due to its low yield rate, barley is only profitable when sold at a high price.
Barley is grown worldwide on about 5 million acres of land. The United States is the largest producer and consumer of barley with Canada next in line. China also imports large quantities of barley to use in animal feed because it is cheaper than domestically produced barley.
In conclusion, one bushel of barley costs between $2-4 depending on the market price at the time of the harvest.
Everything boils down to bushels. A bushel of wheat weighs around 60 pounds. One bushel of wheat produces around 42 pounds of white flour. One bushel of wheat produces around 60 pounds of whole-wheat flour.
One ton of wheat will yield about 140 pounds of flour. This means that one ton of wheat can be used to produce about 420 pounds of flour.
It takes around 2.5 acres of wheat in order to produce enough flour for one person's daily needs. This means that one acre of wheat can supply the needs of four people for a year.
One ton of wheat will last you for six months if you only use flour for bread. If you also use it for pastries and cookies, then your last trip to the store will be at the end of the year. If you want to keep eating wheat forever, you'll need to grow more!
The amount of wheat needed to make one ton of flour is relatively constant, but the quality changes depending on how much extra water you want to remove from the wheat before processing it. More water means less gluten, which gives you less elasticity in the dough. That's why most high-quality flours are slightly hydrophobic, or water-repellent, which makes them harder to work with. They also taste better!