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U.S.
Soybean Production Costs and Returns 2009
$/Planted Acre (Hectare) |
| Gross value of
production |
|
|
 Soybeans |
446.45 |
(1,103.16) |
| Total,
gross value of production |
446.45 |
(1,103.16) |
|
|
|
| Operating Costs: |
|
|
| Seed |
44.35 |
(109.59) |
| Fertilizer* |
25.12 |
(62.07) |
| Chemicals |
15.73 |
(38.87) |
| Custom operations |
6.56 |
(16.20) |
| Fuel, lube,
and electricity |
20.20 |
(49.91) |
| Repairs |
12.91 |
(31.90) |
| Purchased irrigation water |
0.12 |
(0.30) |
| Interest on operating capital |
2.80 |
(6.92) |
| Total, operating costs |
127.79 |
(315.76) |
|
|
|
| Allocated overhead: |
|
|
| Hired Labor |
2.07 |
(5.12) |
| Opportunity cost of unpaid labor |
16.77 |
(41.45) |
Capital recovery of machinery and
equipment |
70.98 |
(175.40) |
| Opportunity cost of land (rental rate) |
94.58 |
(233.71) |
| Taxes and insurance |
9.64 |
(23.83) |
| General farm overhead |
14.29 |
(35.30) |
| Total,
allocated overhead |
208.35 |
(514.81) |
|
|
|
| Total
cost listed |
336.13 |
(830.58) |
Value of production
less total costs
listed |
110.32 |
(272.59) |
Value of production
less operating
costs |
318.66 |
(787.40) |
|
|
|
| Supporting
information: |
|
|
| Yield
(bushels per planted acre) |
43 |
(2.86) |
| Price
($ per bushel at harvest) |
10.48 |
(385) |
| 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 2010 edition of Soy Stats® was provided by the United Soybean Board, with additional financial support from the Iowa Soybean Association, Illinois Soybean Association, Indiana Soybean Alliance, South Dakota Soybean Research & Promotion Council, North Dakota Soybean Council, U.S. Soybean Export Council, Ohio Soybean Council, Kentucky Soybean Board, Kansas Soybean Commission, Tennessee Soybean Promotion Council, Minnesota Soybean Research & Promotion Council, North Carolina Soybean Producers Association, and Arkansas Soybean Association & Texas Soybean Association. |
Soy
Stats®
is copyright © 1994-2010 The American Soybean Association. All Rights
Reserved. |
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