|
|
|
U.S.
Soybean Production Costs and Returns 2005
$/Planted Acre (Hectare) |
| Gross value of
production |
|
|
 Soybeans |
264.57 |
(653.75) |
| Total,
gross value of production |
264.57 |
(653.75) |
|
|
|
| Operating Costs: |
|
|
| Seed |
32.62 |
(80.60) |
| Fertilizer |
10.06 |
(24.86) |
| Soil Conditioners |
0.13 |
(0.32) |
| Manures |
0.60 |
(1.48) |
| Chemicals |
13.59 |
(33.58) |
| Custom operations |
6.67 |
(16.48) |
| Fuel, lube, electricity |
13.62 |
(33.65) |
| Repairs |
11.29 |
(27.90) |
| Purchased irrigation water |
0.13 |
(0.32) |
| Interest on operating capital |
0.50 |
(3.71) |
| Total, operating costs |
90.21 |
(222.91) |
|
|
|
| Allocated overhead: |
|
|
| Hired Labor |
2.03 |
(5.02) |
| Opportunity cost of unpaid labor |
16.77 |
(41.44) |
| Capital recovery of machinery andequipment |
50.17 |
(123.97) |
| Opportunity cost of land (rental rate) |
86.68 |
(214.18) |
| Taxes and insurance |
6.06 |
(14.97) |
| General farm overhead |
12.47 |
(30.81) |
| Total,
allocated overhead |
174.18 |
(430.39) |
|
|
|
| Total
cost listed |
264.39 |
(653.30) |
| Value of production
less total costs listed |
(0.18) |
(0.46) |
| Value of production
less operating costs |
174.36 |
430.85 |
|
|
|
| Supporting
information: |
|
|
| Yield
(bushels per planted acre,metric tons per hectare) |
47 |
(3.13) |
| Price
($ per bushel, $ per metric ton) |
5.68 |
(209) |
| Enterprise
size (planted acres, hectares)
* |
268 |
(108) |
| Production
practices: * |
|
|
| Irrigated
(percent) |
9 |
9 |
| Dryland
(percent) |
91 |
91 |
* Developed from survey base year, 2002. |
|
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The
2007 Soy Stats Guide is sponsored by the
Illinois Soybean Association, Indiana Soybean Alliance, Minnesota
Soybean Research & Promotion Council, North Dakota Soybean Council, Ohio
Soybean Council, Iowa Soybean Association, South Dakota Soybean Research
& Promotion Council, and the Kentucky Soybean Board.
|
Soy Stats™ is copyright ©
1994-2007 The American Soybean Association.
All Rights Reserved. |
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