Good farm management practices suggest that one rotates the cotton production with another crop every third year to combat nematodes. Nematodes are microscopic worms that eat on the roots of cotton. However nematodes are not able to feed off of corn and peanut roots, thus they die of malnourishment. Since peanuts grow best in sandy soils, corn will be planted on Alligator Silty Clay and Forrestdale Silt Loam soils.
Year 1:
357.4 acres cotton x 900 lbs/ac x $0.52/lb
$ 167,263
Year 2:
357.4 acres cotton x 900 lbs/ac x $0.52/lb
$
167,263
Year 3:
195.2 acres peanuts x 3000 lbs/ac x $0.175/lb
$102,480
162.2 acres corn x 160 Bu/ac x $2.40/Bu
$ 62,284
$ 164,764
$ 499,290
÷ 3 years
Average Revenue from Crop Production
$ 166,430
USDA Direct Payment
Cotton:
85% x 216.8 base acres x 836 lbs/ac @ $0.0667/lb
$ 10,275
Soybeans:
85% x 121.5 base acres x 12 Bu/ac @ $0.44/bu
$ 545
USDA Counter Cyclical Payment
Cotton:
85% x 216.8 base acres x 836 lbs/ac @ $0.1373/lb
$ 21,152
Soybeans:
85% x 121.5 base acres x 12 Bu/ac @ $0.36/bu
$ 446
Projected Average Total Farm Revenue
$ 198,848
Annual Farm Rent Payment for Corley Farm
Landowner's 25% Share of the Projected Average Farm Revenue of $198,848
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