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U.S.
Soybean Production Costs and Returns 2011
$/Planted Acre (Hectare) - Forecast |
| Gross value of
production |
|
|
 Soybeans |
484.93 |
(1,198.25) |
| Total,
gross value of production |
484.93 |
(1,198.25) |
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| Operating Costs: |
|
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| Seed |
63.40 |
(156.66) |
| Fertilizer* |
24.00 |
(59.30) |
| Chemicals |
17.29 |
(42.72) |
| Custom operations |
7.51 |
(18.56) |
| Fuel, lube,
and electricity |
21.28 |
(52.58) |
| Repairs |
13.99 |
(34.57) |
| Purchased irrigation water |
0.17 |
(0.42) |
| Interest on operating capital |
0.10 |
(0.25) |
| Total, operating costs |
147.74 |
(365.07) |
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| Allocated overhead: |
|
|
| Hired Labor |
2.13 |
(5.26) |
| Opportunity cost of unpaid labor |
17.49 |
(43.22) |
Capital recovery of machinery and
equipment |
81.93 |
(202.45) |
| Opportunity cost of land (rental rate) |
133.88 |
(330.82) |
| Taxes and insurance |
10.23 |
(25.28) |
| General farm overhead |
15.45 |
(38.18) |
| Total,
allocated overhead |
261.11 |
(645.20) |
|
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|
| Total
cost listed |
408.85 |
(1,010.27) |
Value of production
less total costs
listed |
76.08 |
(187.98) |
Value of production
less operating
costs |
337.18 |
(833.18) |
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| Supporting
information: |
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| Yield
(bushels per planted acre)(mt/ha) |
41 |
(2.74) |
| Price
($ per bushel at harvest)($/mt) |
11.90 |
(437) |
| Enterprise
size (planted acres)(ha)
** |
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, Industry
Estimates |
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Major funding for the 2012 edition of Soy Stats® was provided by the United Soybean Board, with additional financial support from the Illinois Soybean Association, Iowa Soybean Association, Indiana Soybean Alliance, South Dakota Soybean Research & Promotion Council, North Dakota Soybean Council, Maryland Soybean Board, U.S. Soybean Export Council, Kentucky Soybean Board, Ohio Soybean Council, Minnesota Soybean Research and Promotion Council, Tennessee Soybean Promotion Council, North Carolina Soybean Producers Association, Kansas Soybean Commission, and Oklahoma Soybean Board.
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Soy Stats® is copyright © 1994-2012 The American Soybean Association.
All Rights Reserved. |
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