publication archive: production costs
June 13, 2013
Release of Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop SoybeansThe publication entitled "Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans" has been revised and is available on farmdoc. Revisions from the last publication includes an update of 2012 results and an updated to projections for 2013.
June 4, 2013
Non-land Costs Continue to IncreaseNon-land costs continued to increase in 2012. Data from Illinois Farm Business Farm Management indicate that non-land costs in central Illinois on high-productivity farmland averaged $581 per acre for corn in 2012, up $78 per acre from non-land costs in 2011. Non-land cost for soybeans averaged $353 per acre, up $50 per acre in 2011. Non-land costs in 2012 represent record high levels for both corn and soybeans.
December 18, 2012
Per Acre Non-land Costs of Grain Farms of Different SizesListen to MP3 podcast
Considerable interest exists in examining per acre costs for grain farms of different sizes. Herein data from grain farms enrolled in Illinois Farm Business Farm Management (FBFM) are examined to determine per acre costs of farms of different size, breaking down those costs into non-land and land components. Only financial costs are included in this study, opportunity costs for unpaid labor, management, and equity are not included. Average non-land costs do not vary across farms of different size. Land costs tend to increase with farm size.