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Iowa estimated costs of crop production - 2019

Below are the results from the most recent Estimated Costs of Crop Production in Iowa Survey performed by Iowa State University. The report was formatted in tables by the IFBF Agricultural Analytics and Research Department. Articles comparing 2019 estimated cost of corn and soybean production with projected harvest prices using basis levels in Iowa by IFBF staff will be forthcoming. 

 

“These cost estimates are representative of average costs for farms in Iowa. Very large or small farms may have lower or higher fixed costs per acre.

Due to differences in soil potentials, quantity of inputs used, and other factors, production costs will vary from farm to farm. Price shifts for inputs can change production costs in both the short and long run. The data reflect average cost of purchased inputs and a return to land and labor resources, but do not provide a margin for profit or a return to management. They reflect production costs only, and do not include costs of storage.” (p. 1)

Image Source: ISU Extension Estimated Costs of Crop Production in Iowa - 2019 (p. 13)

 

 

 

 

 

 

 

 

 

The methodology and full results from ISU’s Estimated Costs of Crop Production in Iowa - 2019 can be found here: https://www.extension.iastate.edu/agdm/crops/pdf/a1-20.pdf

Citations:

                         Plastina, A. (January 2019). Estimated Costs of Crop Production in Iowa - 2019 (pp. 1-13, Rep. No. A1-20). Iowa State University Extension and Outreach.

 

Chris Mandt is a Research Analyst with Decision Innovation Solutions (DIS). DIS is an Iowa-Based economic research firm which provides regular farm economics research and analysis to the Iowa Farm Bureau staff and members.



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