Im curious to know what you're ultimate goal or aim is with your material.
If you're talking about going to Nashville, and selling your songs/getting
publishing deals, things of that nature, i'd say this song is not up to
the level you would need.
Tried and true stock progresions like this are fine, but you need a great
story line, (or new twist on an old one) and a hook.
You say things like, "im no good for you, you're no good for me"
and "why do we do the things we do" These things are just too ordinary,
and "been done a million times" I mean, they DO work, but they need
to be in conjunction with a twist or analogy or some sort.
You never really have any clever or interesting ways to wrap these
things up or finish the idea with a twist or play on words. I dont get any
visuals in my head from any of the lyrics either. You just keep asking
the same question (why) and stating the same issues over and over.
The arrangment seems wierd to me in places too. There are moments
in the chorus, where 5 or 6 seconds go by, with nothing happening.
No singing, and no instrumental melody to fill the hole.
As far as production, if you have a great song, it will sort of produce itself.
That is, if you're going for the typical Nashvillian thing. That sound is
fairly narrow. It should be obvious as far as instrumentation, etc...
To be clear, im speaking in comparison to the big pop/country artists like Rascal Flats, Tim Mcgraw, Keith Urban, etc..
If you're talking "Alt/country", then what i said doesnt mean much.

My 2 cents.