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Cost of Producing Soybeans in the U.S., 1974

Author

Listed:
  • Walter, Alan S.

Abstract

The cost of production for soybeans in 1974 was estimated through an enumerative survey. The average total cost, excluding land, was $69 per harvested acre of which $53 was for direct components. On a per bushel basis, total cost, excluding land, averaged $2.79 at the survey average yield of 24.7 bushels per acre, or 10 percent higher than the costs projected for a more 'normal' 1974 crop year. Land allocations were estimated by six alternative procedures with a range in the national average of $29 to $71 per acre or $1.18 to $2.90 per bushel. These costs varied substantially among subregions and among farms.

Suggested Citation

  • Walter, Alan S., 1976. "Cost of Producing Soybeans in the U.S., 1974," Miscellaneous Publications 329624, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:329624
    DOI: 10.22004/ag.econ.329624
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