U.S. Soybean Production Costs and Returns 2000
$/Planted Acre (Hectare)

Gross value of production
Soybeans 182.45 (450.83)
Total, gross value of production 182.15 (450.09)
Operating Costs:
Seed 19.18 (47.39)
Fertilizer 7.87 (19.45)
Soil Conditioners 0.14 (0.35)
Manures 0.84 (2.08)
Chemicals 22.32 (55.15)
Custom operations 5.78 (14.28)
Fuel, lube, electricity 8.60 (21.25)
Repairs 10.17 (25.13)
Purchased irrigation water 0.06 (0.15)
Interest on operating capital 2.16 (5.34)
Total, operating costs 77.12 (190.56)
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Allocated overhead:
Hired Labor 2.03 (5.02)
Opportunity cost of unpaid labor 19.49 (48.16)
Capital recovery of machinery andequipment 53.53 (132.27)
Opportunity cost of land (rental rate) 80.12 (197.97)
Taxes and insurance 7.01 (17.32)
General farm overhead 14.56 (35.98)
Total, allocated overhead 176.74 (436.72)
Total cost listed 253.86 (627.28)
Value of production less total costs listed (71.41) (176.45)
Value of production less operating costs 105.33 260.27
Supporting information:
Yield (bushels per planted acre,metric tons per hectare) 41 2.76
Price ($ per bushel, $ per metric ton) 4.45 163
Enterprise size (planted acres, hectares) 1/ 220 89
Production practices: 1/
Irrigated (percent) 5 5
Dryland (percent) 95 95
 
1/ Developed from survey base year, 1997
 

Source: USDA


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