average per acre corn production cost
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- In 2013, the total of all economic costs per acre for growing corn in Illinois averaged $1,033 in the northern section, $966 in the central section for farmland with high soil ratings, $951 in the central section for farmland with low soil ratings, and $872 in the southern section.he average soybean yield for all combined areas of the state was 56 bushels per acre resulting in a total cost of production of $12.45 per bushel. The average soybean yield was tied for the highest on record. The cost per bushel to raise soybeans the last five years averaged $11.24 per bushel.
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- Of the direct costs for corn, per acre seed costs on a percentage basis increased the most between 2006 and 2014, increasing by 164% percent (farmdoc daily September 1, 2015). This article provides perspective on these seed cost increases, indicating that higher than usual cost increases occurred from 2006 to 2009.
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USDA report: Corn yield average 160 bushels/acre This season’s yields are expected to average 160.4 bushels per acre, with corn growers in 18 states forecast to reach record yields this year. The weather also remains good for harvest so far this year, allowing growers to harvest 73 percent of the corn crop by Nov. 3, which is 2 percentage points ahead of the five-year average harvest rate.
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Lower crop prices may impact land rental rates In addition, the 2013 FBM records showed an average of $116 per acre on cash rented corn acres, and $77 per acre for soybeans, for costs of farm machinery, hired labor, property insurance and other overhead expenses.SDA recently released the final national market year average (MYA) crop prices for the 2013-2014 year, which were $4.45 per bushel for corn and $13.00 per bushel for soybeans.
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- Depending on the rotation, crop production costs vary. For corn following soybeans, with a medium yield of 180 bushels of corn per acre, $4.29 per bushel is the estimated corn production cost for 2014. For corn following corn, ISU estimates a cost of $4.97 per bushel.
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- USDA, National Agricultural Statistics Service. Corn for grain production is estimated at 13.6 billion bushels, down slightly from the November forecast and down. 4 percent from the 2014 estimate. The average yield in the United States is estimated at 168.4 bushels per acre.
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- In 2013, cash costs accounted for 49 percent of the total cost of production for corn, other nonland costs were 25 percent, and land costs were 26 percent. The average corn yield for all combined areas of the state was 192 bushels per acre resulting in a total cost of production of $5.03 per bushel.he average soybean yield for all combined areas of the state was 56 bushels per acre resulting in a total cost of production of $12.45 per bushel. The average soybean yield was tied for the highest on record. The cost per bushel to raise soybeans the last five years averaged $11.24 per bushel.
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- Average gross income per acre was also slightly in favor of the NHT at $177.75 with the HT averaging $176.89 for the three-year period. The combination of seed and chemical cost for the HT soybeans was $39.46 per acre while the NHT soybeans registered a slightly higher cost at $39.49 per acre. Total direct costs per acre favored the HT varieties at $114.18 with the NHT combining for an average total of $119.53 per acre. Total costs continued on this track with the HT soybeans at $141.78 per acre compared to the NHT soybeans at $147.01 per acre. Total net return excluding the direct and counter-cyclical payments favored the HT soybeans at $35.11 per acre which was an advantage of $4.37 per acre over the NHT varieties.
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- Depending on the rotation, crop production costs vary. For corn following soybeans, with a medium yield of 180 bushels of corn per acre, $4.29 per bushel is the estimated corn production cost for 2014. For corn following corn, ISU estimates a cost of $4.97 per bushel.ost of production for soybeans at the 50 bushel per acre yield level is $11.13 per bushel, according to ISU's estimate. That's perhaps up a couple percent from 2013, as soybeans don't share the fertilizer price decline as much as corn does—since corn is the heavier user of fertilizer.
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NOTE: An updated look at costs of production â and the 2017 USDA data- is availablehere. Readers may be wondering why land costs would differ for corn, soybeans, or wheat as all of these crops could be grown in many locations. For example, if one were to grow wheat on high quality farmland in the Central Cornbelt, the land charge would not magically shrink from $181 to $67 per acre. Instead the full land charge would be absorbed no matter what crop is grown. This same argument could be made for all of the other fixed costs.
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2014 Fertilizer Price Outlook Summary. Fertilizer prices for the 2014 crop year have generally been lower than prices for the 2011, 2012, and 2013 crop years. This should result in significant reductions in per acre fertilizer costs. Prices so far for 2014 would imply per acre fertilizer costs for corn around $150 per acre.This $150 per acre cost compares to average costs of around $200 per acre in 2012 and 2013.or example the September 2013 price of $687 per ton is associated with 2014 crop year. Similarly, prices in October through December are associated with the next year. On April 3, 2013, AMS reported an anhydrous ammonia price of $704 per ton, the highest of the 2014 crop year.
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Grain prices fall sharply after USDA releases Grain Supply and Demand report In the Crop Production report released on October 10, 2017 the USDA estimated the U.S. average yield of corn to be 171.8 bushels per acre and the average yield of soybeans to be 49.5 bushels per acre. The October yield estimates confirmed that U.S. corn and soybean yields in 2017 would be rather large by historical standards.
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- The average corn yield was the highest on record. Total costs per acre were the highest on record and total costs per bushel were the lowest in the last four years. Total cost per acre to produce soybeans increased, from $697 per acre in 2013 to $727 per acre in 2014.Generally speaking, the same expenses that increased for corn also increased for soybeans.otal costs per acre were the highest on record and total costs per bushel were the lowest in the last four years. Total cost per acre to produce soybeans increased, from $697 per acre in 2013 to $727 per acre in 2014. Generally speaking, the same expenses that increased for corn also increased for soybeans.
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Corn Growers Turn to Pesticides After Genetically Modified Seeds Fail Coming off two extraordinary years when acres dedicated to corn produced $77 and nearly $80 billion, respectively, in 2011 and 2012 with corn prices of $6.22 and $7.40 per bushel, growers are not pulling back and pesticides are now one of their big “inputs” in the corn crop.
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- In 2013, the total of all economic costs per acre for growing corn in Illinois averaged $1,033 in the northern section, $966 in the central section for farmland with high soil ratings, $951 in the central section for farmland with low soil ratings, and $872 in the southern section.osts were lower in southern Illinois primarily because of lower land costs. The total of all economic costs per bushel in the different sections of the state ranged from $4.90 to $5.20 for corn and from $12.32 to $12.88 for soybeans. Variations in this cost were related to weather, yields, and land quality.
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- The average. corn yield was the fourth highest on record. Total costs per acre and total costs per. bushel were the third highest on record. Total cost per acre to produce soybeans. decreased, from $680 per acre in 2014 to. $652 per acre in 2015. Generally speaking, the same expenses that decreased for corn. also decreased for soybeans.
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- Fertilizer costs are projected to decrease from $163 per acre for corn in 2014 to $145 per acre in 2015, a decrease of $18 per acre (see Table 1). Soybean fertilizer costs are projected to decrease from $59 per acre in 2014 to $53 per acre in 2015, a decrease of $6 per acre.
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- 1 Between 2009 and 2010, total costs on cash rent farmland in central Illinois decreased from $743 per acre to $667 per acre, a cost decrease of 10%. 2  Costs in 2009 were high because of high fertilizer costs in late 2008 through 2009 and high drying costs. 3  Fertilizer and drying costs decreased from 2009 to 2010.hird, prices in the $3.75 per bushel range are not new. Farmers likely averaged near $3.70 per bushel for 2014 production. Given current expectations, much of 2015 production could be sold at below $4.00 prices. Therefore, 2016 could be the third year of sub $4.00 corn prices if corn prices remain low.
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Can You Cover Rent Costs with $4 Corn, $10 Beans? Subtracting $563 of non-land costs gives an operator and land return for corn of $373 per acre. Soybeans are expected to yield 56 bushels per acre, resulting in $602 of gross revenue at a $10.75 soybean price.
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Grain prices fall sharply after USDA releases Grain Supply and Demand report USDA is now projecting 2016-17 market year average (MYA) corn price in a range of $3.10 to $3.70 per bushel, or an average of $3.40 per bushel. The marketing year for the 2016 crop year will run from Sept. 1, 2016 through Aug. 31, 2017.
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USDA projects record 2014 crop production The 2014 projected national average corn yield would be well above recent U.S. corn yields of 158.8 bushels per acre in 2013, 123.4 bushels per acre in 2012, and 147.2 bushels per acre in 2011. The previous record U.S. average corn yield was 164.7 bushels per acre in 2009. The report is now estimating total soybean production in 2014 at a record level of 3.91 billion bushels, which compares to a soybean production level of 3.15 billion bushels in 2013.
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- Cost of production for soybeans at the 50 bushel per acre yield level is $11.13 per bushel, according to ISU's estimate. That's perhaps up a couple percent from 2013, as soybeans don't share the fertilizer price decline as much as corn does—since corn is the heavier user of fertilizer.
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Budgeting for $4 Corn and $9.25 Soybeans in 2016 The first two columns of Table 1 shows corn and soybean budgets for central Illinois farmland with lower productivity. Expected yields are 184 bushels per acre for corn and 53 bushels per acre for soybeans (see 2016 Illinois Budgets for other yield levels). Prices are $4.00 per bushel for corn and $9.25 per bushel for soybeans. These prices are relatively optimistic compared to 2016 fall delivery bids, which are near $3.70 per bushel for corn and $8.70 per bushel for soybeans. Note that very low prices are not needed to induce the need to cut costs.
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- ● Acres Harvested: 3.3 million for grain and 80,000 for silage. ● Yield per Acre: a record high for grain (80 bushels) and 15 tons for silage. ● Cash Value: $ 466.8 million. ● Yearly Production Costs per Acre: $124 (average production cost in central, western, eastern and irrigated areas). Yield per Acre: a record high for grain (80 bushels) and 15 tons for silage. ● Cash Value: $ 466.8 million. ● Yearly Production Costs per Acre: $124 (average production cost in central, western, eastern and irrigated areas).
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- In 2013, 80% of the corn acres insured in Illinois were at 80 and 85% coverage levels. Hence, most acres will have lower guarantee levels in 2014 as compared to 2013. Non-land costs for corn contained in the 2014 Illinois Crop Budgets total $537 per acre.
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NOTE: An updated look at costs of production â and the 2017 USDA data- is availablehere. This allows one to calculate a total cost of production on a per bushel basis. For instance, at the estimated trend yield of 166 bushels per acre for corn the costs of production would be $4.11 per bushel. Using this approach soybeans and wheat come in at costs of $10.65 and $6.50 per bushel respectively.or instance, at the estimated trend yield of 166 bushels per acre for corn the costs of production would be $4.11 per bushel. Using this approach soybeans and wheat come in at costs of $10.65 and $6.50 per bushel respectively.