Use the information below regarding corn and soybeans and fill in the worksheet on the following page.Once the worksheet is completed then answer questions 1 - 3.

Defender Crop: Corn

• Yield: 165 bu/ac
• Price: $3.30/ bu
• Pre-Harvest Costs: $250.00/ac
• Harvest Costs: $35.00/ac
• Drying and Marketing Costs (D&M Costs): $0.30/bu

Challenger Crop: Soybeans

• Pre-Harvest Costs: $185.00/ac
• Harvest Costs: $25.00/ac
• Drying and Marketing Costs (D&M Costs): $0.15/bu.
• Expected Yield: 47 bu/ac
• Expected Price: $9.40/ bu

1.What would the soybean price have to be in order to shift corn acres to soybeans (5 pts)?

2.What would the soybean yield have to be in order to shift corn acres to soybeans (5 pts)?

3.Would you shift acres from corn to soybeans, and why?(Or if not, what would it take) (5 pts)