Advanced Search
MyIDEAS: Login

Recent Changes in Crop Production Costs and Implications for Regional Competitiveness

Contents:

Author Info

  • Olson, Kent D.
  • Zakharova, Lena

Abstract

Rapid increases in input prices have cast a large shadow over the enthusiasm created by higher product prices. In this paper we forecast the trends in input prices and use these trends to forecast production costs for corn, soybeans, and wheat at the national level, and for regions within the U.S. Although the Heartland is forecast to maintain its competitive edge in corn costs, the Northern Great Plains and Prairie Gateway regions are forecast to increase their competitive advantage due to using less fertilizer and chemicals on average which results in relative costs decreasing for these regions. For soybeans, the Heartland is forecast to maintain its competitive edge although the Eastern Uplands region was forecast to increase its competitive advantage due to using less fertilizer and chemicals. With wheat, the Prairie Gateway region was forecast to have the best improvement in relative costs, while the Northern Great Plains loses some competitive edge. However, since individual farms have different costs due to physical conditions and timing of input purchases, and crop prices are fluctuating, actual profit levels are hard to predict.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://purl.umn.edu/46017
Download Restriction: no

Bibliographic Info

Paper provided by University of Minnesota, Department of Applied Economics in its series Staff Papers with number 46017.

as in new window
Length:
Date of creation: Dec 2008
Date of revision:
Handle: RePEc:ags:umaesp:46017

Contact details of provider:
Postal: 231ClaOff Building, 1994 Buford Avenue, St. Paul, MN 55108-6040
Phone: (612) 625-1222
Fax: (612) 625-6245
Email:
Web page: http://www.apec.umn.edu
More information through EDIRC

Related research

Keywords: Crop Production/Industries;

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ags:umaesp:46017. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.