Cost-of-production forecasts for U.S. major field crops, 2007-2009F Corn 2008F Soybeans 2008F Wheat 2008F Cotton 2008F Rice 2008F Peanuts 2008F Sorghum 2008F Oats 2008F Barley 2008F
Item
2007F
2009F
2007F
2009F
2007F
2009F
2007F
2009F
2007F
2009F
2007F
2009F
2007F
2009F
2007F
2009F
2007F
2009F
Dollars per planted acre Operating costs: Seed Fertilizer Chemicals Custom operations Fuel, lube, and electricity Repairs Other variable expenses 1/ Interest on operating capital Total, operating costs Allocated overhead: Hired labor Unpaid labor Capital recovery Land Taxes and insurance General farm overhead Total, allocated costs Total costs listed 48.93 101.54 24.05 11.01 31.83 14.90 0.12 5.35 237.73 61.95 166.75 25.71 11.41 47.13 15.18 0.13 6.90 335.15 68.29 176.39 27.15 11.61 50.43 15.48 0.13 8.39 357.86 38.26 15.06 14.42 7.31 17.45 11.96 0.16 2.40 107.01 48.45 24.73 15.41 7.57 25.84 12.18 0.16 2.81 137.16 53.41 26.16 16.28 7.70 27.64 12.42 0.16 3.44 147.21 9.50 36.02 9.00 6.98 19.73 12.81 0.34 2.21 96.61 12.04 59.15 9.62 7.24 29.22 13.05 0.36 2.80 133.46 13.27 62.57 10.16 7.36 31.26 13.30 0.36 3.38 141.66 69.31 56.43 64.14 27.75 43.21 23.22 119.08 9.28 412.41 87.76 92.66 68.55 28.75 63.98 23.66 116.87 10.13 492.36 96.73 98.02 72.40 29.25 68.45 24.12 120.61 12.24 521.81 39.62 93.32 59.31 82.56 136.37 24.41 13.00 10.36 458.97 50.18 153.25 63.39 85.52 201.91 24.87 13.47 12.50 605.10 55.30 162.11 66.95 87.00 216.02 25.36 13.70 15.10 641.56 76.81 70.60 106.77 47.52 64.47 36.80 0.62 8.57 412.16 97.26 115.94 114.12 49.23 95.46 37.49 0.65 9.89 520.03 107.21 122.64 120.53 50.08 102.13 38.22 0.66 12.00 553.46 6.04 32.68 18.40 10.32 38.18 18.31 0.11 2.85 126.89 7.65 53.66 19.67 10.69 56.53 18.66 0.12 3.50 170.47 8.44 56.77 20.77 10.87 60.48 19.02 0.12 4.22 180.69 12.48 41.33 2.34 11.14 22.41 14.29 3.38 1.78 109.15 15.81 67.87 2.50 11.54 33.19 14.56 3.50 2.25 151.22 17.42 71.79 2.64 11.74 35.51 14.84 3.57 2.72 160.23 10.34 35.59 13.38 7.89 21.48 17.09 2.48 2.53 110.79 13.09 58.45 14.30 8.17 31.81 17.42 2.57 3.12 148.92 14.43 61.83 15.10 8.32 34.03 17.76 2.61 3.76 157.83
2.27 24.39 70.35 97.28 7.57 13.87 215.73 453.47
2.36 25.36 77.17 105.01 8.18 14.13 232.21 567.36
2.41 25.89 79.07 107.72 8.39 14.40 237.87 595.72
2.19 17.40 54.28 94.51 7.10 12.93 188.41 295.43
2.28 18.10 59.54 102.02 7.67 13.17 202.78 339.94
2.33 18.47 61.00 104.65 7.86 13.43 207.74 354.95
2.58 22.45 54.13 43.76 7.41 8.80 139.14 235.74
2.68 23.35 59.38 47.24 8.00 8.97 149.62 283.08
2.74 23.83 60.84 48.45 8.21 9.15 153.21 294.87
16.40 36.56 76.46 52.40 9.07 18.19 209.07 621.48
17.05 38.02 83.87 56.56 9.79 18.53 223.82 716.18
17.40 38.81 85.93 58.02 10.04 18.89 229.09 750.90
32.38 50.13 103.21 125.57 20.06 26.81 358.16 817.13
33.67 52.13 113.22 135.54 21.67 27.31 383.54
34.37 53.21 116.00 139.04 22.21 27.84 392.68
16.12 66.53 141.33 59.97 23.64 27.40 334.99 747.15
16.76 69.18 155.03 64.74 25.53 27.92 359.16 879.19
17.11 70.62 158.83 66.41 26.17 28.47 367.60 921.06
5.22 28.31 67.85 36.84 4.62 8.25 151.09 277.98
5.43 29.44 74.43 39.77 4.99 8.40 162.46 332.93
5.54 30.05 76.26 40.79 5.12 8.57 166.33 347.02
1.07 42.76 67.54 79.63 5.85 10.25 207.09 316.25
1.11 44.47 74.08 85.96 6.31 10.44 222.38 373.59
1.13 45.39 75.90 88.18 6.47 10.65 227.72 387.95
3.58 24.20 82.71 49.61 8.96 9.88 178.93 289.72
3.72 25.17 90.73 53.55 9.67 10.06 192.90 341.82
3.80 25.69 92.96 54.93 9.92 10.26 197.55 355.38
988.64 1,034.23
Yield 2/
139.0
133.6
141.2
40.4
39.9
41.7
34.0
38.7
36.4
838
792
805
71.1
70.5
71.3
3,036
2,967
2,997
65.3
57.7
58.5
60.9
64.4
63.5
53.2
52.6
57.7
F = Forecasts are as of June 2008. Costs are based on estimates from 2006 and are projected by reflecting changes in farm input price indexes from 2006 to 2007, 2008 and 2009. 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. 2/ Bushels per planted acre except for cotton and peanuts (pounds per planted acre), and rice (hundredweight per planted acre). Contact: Mir Ali, (202-694-5558) or Email: mirali@ers.usda.gov