Spreadsheet: 5b5a969b-e55d-4a7d-8060-282f5d8dc733
Sheet: Sheet1

Cost-of-production forecasts for U.S. major field crops, 2013F-2014F | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14 | Unnamed: 15 | Unnamed: 16 | Unnamed: 17 | Unnamed: 18
 | Corn |  | Soybeans |  | Wheat |  | Cotton |  | [NAME] |  | Peanuts |  | Sorghum |  | Oats |  | Barley
Item | 2013F | 2014F | 2013F | 2014F | 2013F | 2014F | 2013F | 2014F | 2013F | 2014F | 2013F | 2014F | 2013F | 2014F | 2013F | 2014F | 2013F | 2014F
Operating costs:
Seed | 93.21 | 94.89 | 61.37 | 62.48 | 14.79 | 15.06 | 106.73 | 108.65 | 74.46 | 75.8 | 119.48 | 121.63 | 8.2 | 8.35 | 14.02 | 14.27 | 17.54 | 17.86
Fertilizer | 148.52 | 145.78 | 23.02 | 22.6 | 44.67 | 43.84 | 95.81 | 94.04 | 108.09 | 106.1 | 108.12 | 106.13 | 44.08 | 43.27 | 48.06 | 47.17 | 58.13 | 57.06
Chemicals | 28.96 | 28.7 | 18.05 | 17.88 | 14.8 | 14.67 | 73.32 | 72.67 | 82.33 | 81.6 | 133.44 | 132.25 | 24.13 | 23.92 | 2.62 | 2.59 | 16.54 | 16.39
Custom operations | 17.52 | 17.91 | 7.5 | 7.67 | 10.1 | 10.33 | 24.45 | 25 | 90.7 | 92.73 | 72.7 | 74.33 | 12.51 | 12.79 | 9.56 | 9.77 | 10.97 | 11.22
Fuel, lube, and electricity | 32.11 | 31.96 | 20.78 | 20.68 | 18.53 | 18.44 | 62.35 | 62.05 | 142.55 | 141.88 | 82.24 | 81.85 | 54.65 | 54.39 | 24.13 | 24.01 | 35.81 | 35.65
Repairs | 25.74 | 26.32 | 14.2 | 14.53 | 21.1 | 21.58 | 37.23 | 38.08 | 31.23 | 31.94 | 42.83 | 43.81 | 21.46 | 21.95 | 14.09 | 14.41 | 20.91 | 21.38
Other variable expenses 1/ | 0.11 | 0.12 | 0.16 | 0.16 | 0.55 | 0.57 | 124.692701428335 | 128.274039065678 | 15.81 | 16.16 | 0.72 | 0.74 | 0.13 | 0.13 | 3.05 | 3.12 | 4.24 | 4.34
Interest on operating capital | 0.3 | 0.29 | 0.12 | 0.12 | 0.1 | 0.1 | 0.43 | 0.44 | 0.43 | 0.43 | 0.42 | 0.42 | 0.14 | 0.14 | 0.1 | 0.1 | 0.14 | 0.14
Total, operating costs | 346.47 | 345.97 | 145.2 | 146.12 | 124.64 | 124.59 | 525.0127014283349 | 529.2040390656781 | 545.5999999999999 | 546.64 | 559.95 | 561.16 | 165.3 | 164.94 | 115.63 | 115.44 | 164.28 | 164.04
Allocated overhead:
Hired labor | 3.04 | 3.09 | 2.16 | 2.19 | 2.19 | 2.22 | 15.38 | 15.63 | 21.3 | 21.64 | 19.3 | 19.6 | 5.86 | 5.96 | 0.82 | 0.84 | 5.21 | 5.29
Unpaid labor | 23.71 | 24.09 | 17.8 | 18.08 | 17.04 | 17.31 | 27.78 | 28.23 | 50.09 | 50.89 | 76.74 | 77.96 | 32.45 | 32.97 | 37.48 | 38.08 | 30.29 | 30.78
Capital recovery 2/ | 96.26 | 97.3 | 87.4 | 88.34 | 83.13 | 84.02 | 152.36 | 154 | 139.49 | 140.98 | 193.28 | 195.35 | 93.84 | 94.84 | 79.54 | 80.4 | 114.9 | 116.13
Land | 144.8 | 150.12 | 142.03 | 147.25 | 55.13 | 57.16 | 79.98 | 82.92 | 207.7 | 215.33 | 97.74 | 101.33 | 52.53 | 54.46 | 103.51 | 107.32 | 108.42 | 112.4
Taxes and insurance | 10.99 | 11.27 | 10.76 | 11.03 | 6.89 | 7.07 | 8.83 | 9.06 | 21.18 | 21.71 | 31.27 | 32.06 | 5.48 | 5.62 | 6.58 | 6.74 | 12.11 | 12.41
General farm overhead | 22.6 | 23.12 | 15.68 | 16.03 | 11.24 | 11.5 | 17.43 | 17.83 | 28.91 | 29.57 | 32.18 | 32.92 | 9.19 | 9.4 | 9.67 | 9.89 | 11.87 | 12.14
Total, allocated costs | 301.4 | 308.99 | 275.83 | 282.92 | 175.62 | 179.28 | 301.76 | 307.67 | 468.67 | 480.12 | 450.51 | 459.22 | 199.35 | 203.25 | 237.6 | 243.27 | 282.8 | 289.15
Total costs listed | 647.8700000000001 | 654.96 | 421.03 | 429.04 | 300.26 | 303.8699999999999 | 826.7727014283349 | 836.8740390656781 | 1014.27 | 1026.76 | 1010.46 | 1020.38 | 364.65 | 368.1900000000001 | 353.23 | 358.71 | 447.08 | 453.1900000000001
F = Forecasts as of November, 2012. Costs are projected primarily by applying changes for 2013 and 2014 in indexes of prices paid for farm inputs based on USDA Baseline projections to the 2011 production costs.
1/ Cost of purchased irrigation water plus cost of ginning for cotton and baling straw for wheat, barley and oats.
2/ Cost of depreciation and interest for farm machines and equipments.
Note these production cost forecasts are at the U.S. level and may differ considerably for the individual farmer and by size of operation.
Cost-of-production forecasts are updated and released twice a year in June and December.
Contact: [NAME]
[EMAIL]
http://www.ers.usda.gov/data-products/commodity-costs-and-returns.aspx