U.S. Soybean Production Costs and Returns 2001
$/Planted Acre (Hectare)
Gross value of production
Soybeans 178.45 (440.94)
Total, gross value of production 178.45 (440.94)
Operating Costs:
Seed 22.59 (55.82)
Fertilizer 8.32 (20.56)
Soil Conditioners 0.11 (0.27)
Manures 1.09 (2.69)
Chemicals 22.89 (56.56)
Custom operations 6.13 (15.15)
Fuel, lube, electricity 8.77 (21.67)
Repairs 10.56 (26.09)
Purchased irrigation water 0.06 (0.15)
Interest on operating capital 1.36 (3.36)
Total, operating costs 81.88 (202.32)
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Allocated overhead:
Hired Labor 2.04 (5.04)
Opportunity cost of unpaid labor 20.17 (49.84)
Capital recovery of machinery andequipment 55.75 (137.76)
Opportunity cost of land (rental rate) 81.98 (202.57)
Taxes and insurance 7.14 (17.64)
General farm overhead 15.17 (37.48)
Total, allocated overhead 182.25 (450.33)
Total cost listed 264.13 (652.66)
Value of production less total costs listed (85.68) (211.71)
Value of production less operating costs 96.57 238.62
Supporting information:
Yield (bushels per planted acre,metric tons per hectare) 43 2.89
Price ($ per bushel, $ per metric ton) 4.15 152
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

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