Soybean Production Costs

2000 Soy Stats

U.S. SOYBEAN STATISTICS

U.S. Soybean Production Costs and Returns 1998
$/Planted Acre (Hectare)

Gross value of production
Soybeans	223.17	(551.45)
Total, gross value of production	223.17	(551.45)

Operating Costs:
Seed	20.46	(50.56)
Fertilizer	8.00	(19.77)
Soil Conditioners	0.10	(0.25)
Manures	0.80	(1.98)
Chemicals	26.65	(65.85)
Custom operations	5.84	(14.43)
Fuel, lube, electricity	5.97	(14.75)
Repairs	9.59	(23.70)
Purchased irrigation water	0.05	(0.12)
Interest on operating capital	1.86	(4.60)
Total, operating costs	79.32	(196.00)

Allocated overhead:
Hired Labor	1.89	(4.89)
Opportunity cost of unpaid labor	18.11	(44.75)
Capital recovery of machinery andequipment	50.66	(125.18)
Opportunity cost of land (rental rate)	77.66	(191.90)
Taxes and insurance	6.89	(17.02)
General farm overhead	12.94	(31.97)
Total, allocated overhead	168.24	(415.72)

Total cost listed

Value of production less total costs listed	(24.39)	(60.27)
Value of production less operating costs	143.85	355.45

Supporting information:
Yield (bushels per planted acre,metric tons per hectare)	43	2.89
Price ($ per bushel, $ per metric ton)	5.19	191
Enterprise size (planted acres, hectares) 1/	220	89
Production practices: Production practices:
Irrigated (percent)	5	5
Dryland (percent)	95	95