Corn production costs and returns per planted acre, excluding Government payments, 2012-2013 1/

 United States Heartland Northern Crescent Northern Great Plains Prairie Gateway Eastern Uplands Southern Seaboard

 Item 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013

 dollars per planted acre

Gross value of production

 Primary product: Corn grain 800.04 723.77 811.58 763.60 871.00 671.92 706.20 530.70 761.60 690.69 639.00 689.08 1003.66 722.16

 Secondary product: Corn silage 1.33 1.36 0.33 0.36 3.81 3.47 0.89 0.81 1.60 1.29 4.02 7.20 0.00 0.00

 Total, gross value of production 801.37 725.13 811.91 763.96 874.81 675.39 707.09 531.51 763.20 691.98 643.02 696.28 1003.66 722.16

 

Operating costs: 

 Seed 92.04 97.59 98.83 104.96 84.79 90.05 90.16 95.76 71.21 75.63 63.10 67.02 75.64 80.33

 Fertilizer 2/ 156.51 153.34 164.77 161.58 170.38 167.08 132.39 129.82 118.55 116.25 183.36 179.80 192.25 188.52

 Chemicals 27.52 28.57 28.31 29.40 27.00 28.04 19.27 20.01 27.75 28.82 25.79 26.78 37.08 38.51

 Custom operations 3/ 17.07 17.77 15.84 16.47 21.06 21.89 16.79 17.45 19.78 20.56 6.51 6.77 18.45 19.18

 Fuel, lube, and electricity 30.63 32.65 25.98 27.95 28.73 29.60 31.76 32.47 50.81 53.74 21.99 25.14 41.93 43.62

 Repairs 25.48 25.78 23.12 23.34 25.04 25.28 28.52 28.80 34.38 34.71 24.08 24.31 27.64 27.91

 Purchased irrigation water 0.11 0.12 0.00 0.00 0.00 0.00 0.78 0.81 0.38 0.40 0.00 0.00 0.00 0.00

 Interest on operating capital 0.23 0.16 0.24 0.16 0.24 0.16 0.21 0.14 0.22 0.15 0.22 0.15 0.26 0.18

 Total, operating costs 349.59 355.98 357.09 363.86 357.24 362.10 319.88 325.26 323.08 330.26 325.05 329.97 393.25 398.25

 

Allocated overhead: 

 Hired labor 3.05 3.12 2.76 2.81 3.79 3.87 3.35 3.41 3.53 3.60 2.47 2.52 4.36 4.45

 Opportunity cost of unpaid labor 23.88 24.40 21.35 21.76 31.67 32.28 28.09 28.63 25.75 26.24 35.71 36.40 34.29 34.95

 Capital recovery of machinery and equipment 94.05 96.86 90.47 93.06 82.33 84.68 106.77 109.82 112.55 115.77 80.05 82.33 91.12 93.72

 Opportunity cost of land (rental rate) 154.94 167.74 184.42 200.65 101.31 110.23 92.48 100.61 105.96 115.28 89.01 96.84 81.96 89.17

 Taxes and insurance 9.08 9.20 8.34 8.42 9.74 9.84 9.50 9.59 11.21 11.32 11.75 11.87 12.78 12.91

 General farm overhead 19.32 19.54 18.45 18.63 25.33 25.57 19.20 19.39 17.88 18.06 24.83 25.07 27.27 27.54

 Total, allocated overhead 304.32 320.86 325.79 345.33 254.17 266.47 259.39 271.45 276.88 290.27 243.82 255.03 251.78 262.74

 Total, costs listed 653.91 676.84 682.88 709.19 611.41 628.57 579.27 596.71 599.96 620.53 568.87 585.00 645.03 660.99

 

Value of production less total costs listed 147.46 48.29 129.03 54.77 263.40 46.82 127.82 -65.20 163.24 71.45 74.15 111.28 358.63 61.17

Value of production less operating costs 451.78 369.15 454.82 400.10 517.57 313.29 387.21 206.25 440.12 361.72 317.97 366.31 610.41 323.91

Supporting information:

 Yield (bushels per planted acre) 118 157 119 166 130 148 110 122 112 143 90 161 134 153

 Price (dollars per bushel at harvest) 6.78 4.61 6.82 4.60 6.70 4.54 6.42 4.35 6.80 4.83 7.10 4.28 7.49 4.72

 Enterprise size (planted acres) 1/ 280 280 313 313 146 146 390 390 371 371 63 63 132 132

Production practices: 1/

 Irrigated (percent) 11 11 5 5 0 0 19 19 43 43 0 0 15 15

 Dryland (percent) 89 89 95 95 100 100 81 81 57 57 100 100 85 85

 1/ Developed from survey base year, 2010.

 2/ Cost of commercial fertilizers, soil conditioners, and manure.

 3/ Cost of custom operations, technical services, and commercial drying.
Soybean production costs and returns per planted acre, excluding Government payments, 2012-2013 1/

 United States Heartland Northern Crescent Northern Great Plains Prairie Gateway Eastern Uplands Southern Seaboard Mississippi Portal

Item 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012

 dollars per planted acre

Gross value of production

 Primary product: Soybeans 596.82 541.83 612.32 606.92 633.15 543.62 519.48 421.43 438.65 542.54 617.91 487.22 558.48 446.93 514.08

 Total, gross value of production 596.82 541.83 612.32 606.92 633.15 543.62 519.48 421.43 438.65 542.54 617.91 487.22 558.48 446.93 514.08

Operating costs:

 Seed 55.32 59.34 54.37 57.24 59.21 62.34 54.63 57.52 54.94 57.84 52.35 55.11 52.37 55.14 60.36

 Fertilizer 2/ 37.54 38.18 37.71 36.97 52.50 51.48 20.07 19.68 23.52 23.06 71.76 70.37 72.86 71.44 38.21

 Chemicals 26.38 28.18 26.31 27.32 21.30 22.12 16.07 16.69 26.33 27.35 21.92 22.76 35.93 37.31 40.64

 Custom operations 9.41 9.96 8.65 8.99 11.75 12.21 8.37 8.70 9.29 9.65 7.56 7.86 7.98 8.29 14.17

 Fuel, lube, and electricity 21.24 21.79 16.90 16.90 17.51 17.51 18.37 18.37 26.35 26.35 17.24 17.24 17.04 17.04 52.08

 Repairs 22.23 22.78 18.91 19.09 19.07 19.25 26.94 27.21 26.44 26.70 16.72 16.89 21.20 21.40 37.65

 Purchased irrigation water 0.06 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.70 0.72 0.00 0.00 0.00 0.00 0.00

 Interest on operating capital 0.11 0.08 0.11 0.07 0.12 0.08 0.09 0.07 0.11 0.08 0.12 0.09 0.13 0.09 0.16

 Total, operating costs 172.29 180.36 162.95 166.58 181.45 184.99 144.57 148.24 167.68 171.75 187.67 190.32 207.51 210.71 243.26

Allocated overhead:

 Hired labor 2.81 3.02 1.69 1.72 1.63 1.66 2.23 2.27 1.20 1.22 3.75 3.82 2.72 2.78 12.67

 Opportunity cost of unpaid labor 16.76 17.53 15.27 15.56 17.21 17.54 14.45 14.73 16.91 17.24 20.40 20.79 22.04 22.46 25.71

 Capital recovery of machinery and equipment 81.16 84.63 74.82 76.96 68.86 70.83 103.16 106.10 91.33 93.94 62.27 64.05 69.65 71.64 104.12

 Opportunity cost of land(rental rate) 137.55 153.96 170.24 185.22 111.67 121.49 88.47 96.25 90.24 98.18 90.26 98.20 49.38 53.73 92.18

 Taxes and insurance 9.58 9.87 9.96 10.06 10.01 10.11 8.82 8.90 9.48 9.57 9.62 9.71 8.45 8.53 8.14

 General farm overhead 17.44 17.96 17.82 17.99 22.17 22.38 14.19 14.33 14.73 14.87 17.78 17.96 20.27 20.47 16.04

 Total, allocated overhead 265.29 286.98 289.79 307.51 231.55 244.01 231.31 242.58 223.90 235.02 204.07 214.53 172.51 179.61 258.86

 Total costs listed 437.58 467.34 452.74 474.09 413.00 429.00 375.88 390.82 391.58 406.77 391.74 404.85 380.02 390.32 502.12

Value of production less total costs listed 159.24 74.49 159.58 132.82 220.15 114.61 143.60 30.61 47.07 135.77 226.17 82.38 178.46 56.61 11.96

Value of production less operating costs 424.53 361.47 449.37 440.33 451.70 358.62 374.91 273.19 270.97 370.79 430.24 296.91 350.97 236.22 270.82

Supporting information:

 Yield (bushels per planted acre) 42 43 43 45 45 42 37 33 31 42 43 37 39 34 36

 Price (dollars per bushel at harvest) 14.21 12.56 14.24 13.42 14.07 13.04 14.04 12.73 14.15 13.05 14.37 13.26 14.32 13.15 14.28

 Enterprise size (planted acres) 1/ 273 273 268 268 136 136 511 511 293 293 137 137 233 233 635

Production practices: 1/

 Irrigated (percent) 10 10 5 5 3 3 2 2 21 21 4 4 4 4 50

 Dryland (percent) 90 90 95 95 97 97 98 98 79 79 96 96 96 96 50

1/ Developed from survey base year, 2012.

2/ Commercial fertilizer, soil conditioners, and manure.
Soybean production costs and returns per planted acre, excluding Government payments, 2012-2013 1/

Item

Gross value of production

 Primary product: Soybeans

 Total, gross value of production

Operating costs:

 Seed

 Fertilizer 2/

 Chemicals

 Custom operations

 Fuel, lube, and electricity

 Repairs

 Purchased irrigation water

 Interest on operating capital

 Total, operating costs

Allocated overhead:

 Hired labor

 Opportunity cost of unpaid labor

 Capital recovery of machinery and equipment

 Opportunity cost of land(rental rate)

 Taxes and insurance

 General farm overhead

 Total, allocated overhead

 Total costs listed

Value of production less total costs listed

Value of production less operating costs

Supporting information:

 Yield (bushels per planted acre)

 Price (dollars per bushel at harvest)

 Enterprise size (planted acres) 1/

Production practices: 1/

 Irrigated (percent)

 Dryland (percent)

1/ Developed from survey base year, 2012.

2/ Commercial fertilizer, soil conditioners, and manure.

 Mississippi Portal

2013

583.81

583.81

63.55

37.46

42.20

14.72

52.08

38.02

0.00

0.11

248.14

12.91

26.21

107.10

100.29

8.22

16.19

270.92

519.06

64.75

335.67

44

13.14

635

50

50