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Characteristics and Production Costs of U.S. Soybean Farms, 1986

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  • McBride, William D.

Abstract

The average economic cost of producing soybeans was $4.53 per bushel in 1986, while individual farm costs ranged from $1.93 to more than $15.00 per bushel. Acreage, yields, and regional differences among farms appear to be the principal factors influencing soybean production costs. Producers with the lowest costs of production planted more acreage to soybeans and obtained higher yields than producers with higher costs. Much of the cost differences were associated with region. This report compares selected characteristics and costs of production among soybean producers. Producers are grouped on the basis of economic costs, enterprise sizes, and production regions. Characteristics of producers in each group are examined for sources of cost differences among groups.

Suggested Citation

  • McBride, William D., 1991. "Characteristics and Production Costs of U.S. Soybean Farms, 1986," Agricultural Information Bulletins 309576, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:309576
    DOI: 10.22004/ag.econ.309576
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    References listed on IDEAS

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    1. Ahearn, Mary & et al. [+8], 1990. "How Costs of Production Vary," Agricultural Information Bulletins 309553, United States Department of Agriculture, Economic Research Service.
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