publication archive: production costs
June 13, 2013
Release of Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans
The 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.Posted by Gary Schnitkey Permalink Tweet
June 4, 2013
Non-land Costs Continue to Increase
Non-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.Posted by Gary Schnitkey Permalink Tweet
December 18, 2012
Per Acre Non-land Costs of Grain Farms of Different Sizes
Listen to MP3 podcastConsiderable 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.
Posted by Gary Schnitkey Permalink Tweet
October 30, 2012
Current Fertilizer Prices, Natural Gas, and Longer-Run Supply
According to the Agricultural Marketing Service (AMS), the average anhydrous ammonia price in Illinois currently is $853 per ton, an increase over the $815 per ton price at the beginning of August. Diamonnium Phosphate (DAP) price is $628 per ton and potash price is $599 per ton. Both DAP and potash prices have been stable since August.Posted by Gary Schnitkey Permalink Tweet
