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U.S.
Soybean Production Costs and Returns 2008
$/Planted Acre (Hectare) |
| Gross value of
production |
|
|
 Soybeans |
357.99 |
(884.58) |
| Total,
gross value of production |
357.99 |
(884.58) |
|
|
|
| Operating Costs: |
|
|
| Seed |
38.92 |
(96.17) |
| Fertilizer* |
16.06 |
(39.68) |
| Chemicals |
14.56 |
(35.98) |
| Custom operations |
6.38 |
(15.76) |
| Fuel, lube,
and electricity |
14.76 |
(36.47) |
| Repairs |
12.13 |
(29.97) |
| Purchased irrigation water |
0.11 |
(0.27) |
| Interest on operating capital |
2.31 |
(5.71) |
| Total, operating costs |
105.23 |
(260.02) |
|
|
|
| Allocated overhead: |
|
|
| Hired Labor |
1.80 |
(4.45) |
| Opportunity cost of unpaid labor |
15.70 |
(38.79) |
Capital recovery of machinery and
equipment |
63.22 |
(156.21) |
| Opportunity cost of land (rental rate) |
92.92 |
(229.60) |
| Taxes and insurance |
8.55 |
(21.13) |
| General farm overhead |
13.79 |
(34.07) |
| Total,
allocated overhead |
195.98 |
(484.26) |
|
|
|
| Total
cost listed |
301.21 |
(744.28) |
Value of production
less total costs
listed |
56.78 |
(140.30) |
Value of production
less operating
costs |
252.76 |
(624.56) |
|
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|
| Supporting
information: |
|
|
| Yield
(bushels per planted acre) |
45 |
(3.03) |
| Price
($ per bushel at harvest) |
7.96 |
(292) |
| Enterprise
size (planted acres)
** |
303 |
(123) |
| Production
practices: ** |
|
|
| Irrigated
(percent) |
9 |
(9) |
| Dryland
(percent) |
91 |
(91) |
* Commercial fertilizer, soil conditioners and manure
** Developed from survey base year, 2006 |
| Source: USDA |
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Major funding for the 2009 edition of Soy Stats® was provided by the United Soybean
Board, with additional financial
support of the Illinois Soybean Association, Indiana Soybean Alliance, Iowa Soybean Association, South Dakota Soybean Research & Promotion Council, North Dakota Soybean Council, Ohio Soybean Association, U.S. Soybean Export Council, Minnesota Soybean Research & Promotion Council, North Carolina Soybean Producers Association, Arkansas Soybean Association and Texas Soybean Association. |
Soy
Stats®
is copyright © 1994-2009 The American Soybean Association. All Rights
Reserved. |
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