Cost-of-production forecasts for U.S. major field crops, 2011 and 2012
Corn Soybeans Wheat Cotton Rice Peanuts Sorghum Oats Barley
Item 2011F 2012F 2011F 2012F 2011F 2012F 2011F 2012F 2011F 2012F 2011F 2012F 2011F 2012F 2011F 2012F 2011F 2012F
Dollars per planted acre
Operating costs:
Seed 94.72 95.65 67.37 68.03 13.38 13.51 92.62 93.52 74.71 75.45 101.62 102.61 8.63 8.71 13.62 13.76 14.41 14.55
Fertilizer 127.00 130.36 22.63 23.23 52.20 53.59 93.11 95.58 100.28 102.94 100.71 103.38 42.06 43.18 45.91 47.13 52.90 54.30
Chemicals 27.08 27.19 16.85 16.92 10.25 10.30 67.59 67.86 72.83 73.12 118.86 119.34 21.10 21.19 2.40 2.41 14.92 14.98
Custom operations 12.60 12.74 6.76 6.84 8.21 8.30 23.70 23.97 73.80 74.62 62.09 62.79 10.75 10.87 9.58 9.69 10.14 10.25
Fuel, lube, and electricity 46.65 48.45 21.87 22.71 28.16 29.25 66.34 68.90 150.18 155.98 88.90 92.34 62.16 64.56 25.21 26.19 33.84 35.15
Repairs 16.45 16.87 13.81 14.17 14.43 14.80 35.32 36.23 29.85 30.62 41.29 42.36 20.30 20.83 13.45 13.80 19.49 20.00
Other variable expenses 1/ 0.16 0.16 0.15 0.15 0.41 0.42 125.50 132.89 11.65 11.78 0.71 0.71 0.15 0.15 2.98 3.01 3.63 3.67
Interest on operating capital 0.30 0.46 0.18 0.28 0.12 0.19 0.47 0.74 0.45 0.71 0.55 0.87 0.20 0.32 0.11 0.17 0.10 0.16
Total, operating costs 324.96 331.88 149.62 152.33 127.16 130.36 504.65 519.69 513.75 525.22 514.73 524.40 165.35 169.81 113.26 116.16 149.43 153.06
Allocated overhead:
Hired labor 2.48 2.52 2.14 2.18 2.89 2.95 14.71 14.99 20.52 20.91 17.69 18.03 5.98 6.09 0.82 0.84 4.49 4.58
Unpaid labor 26.30 26.80 17.58 17.92 24.50 24.97 26.48 26.98 45.60 46.47 72.52 73.90 30.86 31.45 36.48 37.18 27.98 28.51
Capital recovery 87.37 91.07 81.14 84.58 67.65 70.52 138.51 144.39 126.46 131.83 175.78 183.23 84.93 88.53 72.54 75.62 103.39 107.78
Land 135.32 137.39 157.65 160.05 62.27 63.22 75.23 76.38 178.12 180.85 90.68 92.07 51.43 52.21 97.61 99.10 93.82 95.25
Taxes and insurance 8.43 8.62 9.63 9.86 9.04 9.25 7.78 7.96 19.09 19.54 27.27 27.91 4.85 4.97 5.81 5.94 10.69 10.94
General farm overhead 15.09 15.33 15.25 15.49 9.68 9.83 16.58 16.84 26.68 27.09 30.93 31.42 8.82 8.96 9.31 9.45 11.09 11.26
Total, allocated costs 274.99 281.73 283.39 290.08 176.03 180.74 279.29 287.54 416.47 426.69 414.87 426.56 186.87 192.21 222.57 228.13 251.46 258.32
Total costs listed 599.95 613.61 433.01 442.41 303.19 311.10 783.94 807.23 930.22 951.91 929.60 950.96 352.22 362.02 335.83 344.29 400.89 411.38
F = Forecasts are as of May 2011. Costs are based on estimates from 2010 and are projected by reflecting changes in farm input price indexes from 2010 to 2011 and 2012.
Note these costs-of-production forecasts are at the national level and may differ considerably for the individual farmer and by size of operation.
1/ Cost of purchased irrigation water plus cost of ginning for cotton and baling for wheat, barley and oats.
Contact: Mir Ali, (202-694-5558) or Email: mirali@ers.usda.gov