WebDec 23, 2024 · Like corn, soybean costs are projected at record highs in 2024. Total costs are projected at $785 per acre, with $476 per acre in non-land costs and $309 per acre in cash rent. The 2024 projected costs exceed 2024 cost of $652 per acre by $124 per acre. The break-even price to cover total costs less other revenue for soybean in 2024 is ... WebApr 13, 2024 · In the soybean division averaged over years, seed makes up 13% of the total input costs, chemical inputs are 16%, fertilizer inputs are 10% and land costs make up …
Soybean Production Costs & Returns in the U.S. and Ohio
WebJul 5, 2024 · A 23-bpa increase in corn production at $6 per bushel is $138 extra per acre. The fungicide and slow-release liquid nitrogen application can cost as much as $42 per acre, according to research ... WebAug 2, 2024 · The lowest returns are projected for southern Illinois, with farmer returns of -$63 per acre for corn and -$61 per acre for soybean. The highest returns are in central … south point church of the nazarene
Computing a Cropland Cash Rental Rate Ag Decision Maker
WebOct 18, 2024 · Olivia. October 18, 2024. Backpack Sprayer. Total non-land costs are projected at $755 per acre for corn, a $124 increase over the $631 per acres cost in 2024 (see Table 1). Similarly, soybean non-land … WebAverage production costs per acre nearly doubled between 1996 and 2016, with seed, fertilizer, capital (buildings and equipment), and land costs as major drivers. ... Cost per bushel of corn production decreased as farm size increased up to and including farms of 750 acres in 2016. However, economies of size appear to level out for farms ... WebApr 15, 2024 · The average corn yield for all combined areas of the state was 213 bushels per acre resulting in a total cost of production of $4.40 per bushel. The average corn yield in 2024 was the highest in the last 3 years and 10 bushels to the acre more than 2024. Total costs per acre were the highest since 2013 while total costs per bushel were the ... teacup white chihuahua