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Soybean production costs and returns per planted acre, excluding Government payments, 2013-2014 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.

Soybean production costs and returns per planted acre, excluding Government payments, 2013-2014 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.

Soybean production costs and returns per planted acre, excluding Government payments, 2013-2014 1/
United States
Item

2013

Heartland
2014

2013

Northern Crescent
2014

2013

Northern Great Plains

2014

2013

Prairie Gateway

2014

Eastern Uplands

Southern Seaboard

2013

2014

2013

2014

2013

dollars per planted acre


Gross value of production
Primary product: Soybeans

540.08

497.76

603.90

554.37

547.68

495.00

420.09

376.66

548.10

452.76

490.62

461.16

447.10

Total, gross value of production

540.08

497.76

603.90

554.37

547.68

495.00

420.09

376.66

548.10

452.76

490.62

461.16

447.10

Seed

59.34

60.06

57.24

57.83

62.34

62.99

57.52

58.12

57.84

58.44

55.12

55.69

55.14

Fertilizer 2/

38.19

36.70

36.98

35.53

51.49

49.47

19.68

18.91

23.07

22.17

70.38

67.62

71.46

Chemicals

28.18

28.62

27.32

27.83

22.12

22.53

16.69

17.00

27.34

27.85

22.76

23.18

37.31

9.96

10.25

8.99

9.24

12.21

12.56

8.70

8.95

9.65

9.92

7.86

8.08

8.29

Fuel, lube, and electricity

21.57

21.58

16.73

16.73

17.33

17.33

18.18

18.18

26.08

26.08

17.07

17.07

16.87

Repairs

Operating costs:

Custom operations

22.78

23.33

19.09

19.46

19.26

19.63

27.20

27.72

26.70

27.21

16.88

17.20

21.41

Purchased irrigation water

0.06

0.06

0.00

0.00

0.00

0.00

0.00

0.00

0.72

0.74

0.00

0.00

0.00

Interest on operating capital

0.08

0.05

0.07

0.05

0.08

0.06

0.07

0.04

0.08

0.05

0.09

0.06

0.09

180.16

180.65

166.42

166.67

184.83

184.57

148.04

148.92

171.48

172.46

190.16

188.90

210.57

Total, operating costs


Allocated overhead:
Hired labor
Opportunity cost of unpaid labor
Capital recovery of machinery and equipment

3.05

3.10

1.74

1.77

1.68

1.71

2.29

2.33

1.23

1.25

3.86

3.93

2.80

17.70

18.07

15.71

16.01

17.71

18.04

14.87

15.15

17.40

17.73

20.99

21.39

22.68

84.63

88.19

76.96

79.81

70.83

73.45

106.11

110.04

93.94

97.42

64.05

66.42

71.64

153.97

158.43

185.22

192.03

121.50

125.97

96.26

99.80

98.18

101.79

98.20

101.81

53.73

9.97

10.17

10.16

10.36

10.21

10.41

8.99

9.16

9.67

9.86

9.81

10.00

8.62

17.96

18.32

17.99

18.34

22.39

22.82

14.33

14.61

14.87

15.16

17.95

18.30

20.47

Total, allocated overhead

287.28

296.28

307.78

318.32

244.32

252.40

242.85

251.09

235.29

243.21

214.86

221.85

179.94

Total costs listed

467.44

476.93

474.20

484.99

429.15

436.97

390.89

400.01

406.77

415.67

405.02

410.75

390.51

Opportunity cost of land(rental rate)


Taxes and insurance
General farm overhead

Value of production less total costs listed

72.64

20.83

129.70

69.38

118.53

58.03

29.20

-23.35

141.33

37.09

85.60

50.41

56.59

Value of production less operating costs

359.92

317.11

437.48

387.70

362.85

310.43

272.05

227.74

376.62

280.30

300.46

272.26

236.53

Supporting information:
Yield (bushels per planted acre)

43

48

45

51

42

44

33

37

42

42

37

42

34

12.56

10.37

13.42

10.87

13.04

11.25

12.73

10.18

13.05

10.78

13.26

10.98

13.15

273

273

268

268

136

136

511

511

293

293

137

137

233

Irrigated (percent)

10

10

21

21

Dryland (percent)

90

90

95

95

97

97

98

98

79

79

96

96

96

Price (dollars per bushel at harvest)


Enterprise size (planted acres) 1/
Production practices: 1/

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, 2013-2014 1/
Southern Seaboard
Item

Mississippi Portal

2014

2013

2014

Primary product: Soybeans

442.00

578.16

563.50

Total, gross value of production

442.00

578.16

563.50

Seed

55.71

63.55

64.21

Fertilizer 2/

68.66

37.48

36.01

Chemicals

38.00

42.20

42.98

8.52

14.73

15.15

Fuel, lube, and electricity

16.87

51.55

51.55

Repairs

21.82

38.02

38.75

Purchased irrigation water

0.00

0.00

0.00

Interest on operating capital

0.06

0.11

0.07

209.64

247.64

248.72

13.29

Gross value of production

Operating costs:

Custom operations

Total, operating costs


Allocated overhead:
Hired labor

2.85

13.04

Opportunity cost of unpaid labor

23.11

26.46

26.96

Capital recovery of machinery and equipment

74.29

107.09

111.06

Opportunity cost of land(rental rate)

55.71

100.29

103.98

8.79

8.30

8.46

20.86

16.20

16.51

Total, allocated overhead

185.61

271.38

280.26

Total costs listed

395.25

519.02

528.98

Taxes and insurance


General farm overhead

Value of production less total costs listed

46.75

59.14

34.52

Value of production less operating costs

232.36

330.52

314.78

Supporting information:
Yield (bushels per planted acre)

40

44

50

11.05

13.14

11.27

233

635

635

Irrigated (percent)

50

50

Dryland (percent)

96

50

50

Price (dollars per bushel at harvest)


Enterprise size (planted acres) 1/
Production practices: 1/

1/ Developed from survey base year, 2012.


2/ Commercial fertilizer, soil conditioners, and manure.

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