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Economic Indicators of the Farm Sector: Costs of Production, 1984

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  • National Economics Division, Economic Research Service

Abstract

Average cash costs of producing major U.S. crops increased about 5.7 percent per acre in 1984, mainly because of higher prices for seed, fertilizer, and machinery. Yields recovered from 1983's drought, but prices fell 8 percent, resulting in lower receipts for most crops. Livestock production costs fell an average 1 percent, while dairy costs were up 3.2 percent. Overall, livestock and milk returns increased by 151 percent, mainly because of net cost flow for fed cattle going from minus $6.67 to minus 93 cents.

Suggested Citation

  • National Economics Division, Economic Research Service, 1985. "Economic Indicators of the Farm Sector: Costs of Production, 1984," Miscellaneous Publications 356539, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:356539
    DOI: 10.22004/ag.econ.356539
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