What is the per acre gross margin for wheat

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Question

A producer expects future grain prices to escalate significantly. Their long-run expected future price, yield, and variable & total costs for irrigated wheat and corn are: Crop Price Yield/Acre Variable Cost/Acre Total Cost/Acre Wheat $8.00/bu 80 bu $218 $357 Corn $5.80/bu 190 bu $395 $572

1. What is the per acre gross margin for wheat?

2. What is the per acre gross margin for corn?

Reference no: EM133637406

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