Estimated Costs of Crop Production in Iowa - 2018 - Iowa State ...

Estimated Costs of Crop Production in Iowa - 2018

T

he estimated costs of corn, corn silage, soybeans, alfalfa, and pasture maintenance in this report are based on data from several sources. They include the annual Iowa Farm Business Association record summaries, production and costs data from the Departments of Economics, Agricultural and Biosystems Engineering, and Agronomy at Iowa State University, and a survey of selected agricultural cooperatives and other input suppliers around the state. 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. Labor has been treated as a fixed cost because most labor on Iowa farms is supplied by the operator, family, or permanent hired labor. However, when deciding among alternative crops, labor should be considered a variable cost. The wage rate used here is $14.00 per hour. The hours assumed per crop are presented in the budgets. The hours per crop acre include not only the field work but also time for maintenance, travel, and other activities related to crop production. The land charge is based on rent equivalent. Owned land may require a greater or lesser cash outlay. In the short run, cash income must be sufficient to pay cash costs, including seed, fertilizer, chemicals, insurance, cash rent, and hired labor, as well as machinery fuel and repairs, and interest

Ag Decision Maker File A1-20

on operating capital. In the long run, income should be sufficient to pay all costs of production for resources to be used in their most profitable alternative. Corn yields reflect rotation effects. Fertilizer rates have been adjusted to reflect current data on removal and application rates. Crop insurance costs reﬂect revenue crop protection at 80 percent coverage for a typical farm in Central Iowa Machinery costs reflect both new and used equipment. The machine operations assumed are based on the 2000 Crop Production Practices Survey conducted by the Iowa Agricultural Statistics Service and Iowa State University Extension and Outreach publication PM 696, Estimating the Field Capacity of Farm Machines, https://store.extension.iastate.edu/product/4032. The Estimated Machinery Costs table can be used to budget other tillage and harvesting systems. Estimates represent typical costs and are only intended to be guidelines. Actual costs will vary considerably and can be entered in the column for “Your Estimates.” Electronic spreadsheets for developing crop production budgets are available on the Ag Decision Maker website, www.extension. iastate.edu/agdm. Budgets for alfalfa hay establishment with an oat companion crop and by direct seeding are included in this publication. Annual production costs for established alfalfa or alfalfa-grass hay as well as a budget for maintaining grass pastures are included. Two low-till budgets, one for corn and one for soybeans, are included. The major differences between the low-till and conventional budgets are the preharvest machinery, labor, herbicide, and seeding costs. The soybean budgets are for herbicide tolerant varieties. A strip-till budget is also included.

FM 1712

Revised

January 2018

Page 2


Corn Following Corn 145 bu. per acre Fixed Preharvest Machinery 1/

$23.50

Seed, Chemical, etc. Seed @ $3.26 per 1000 k. Nitrogen @ $0.30 per lb. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Lime (yearly cost) Herbicide Insecticide Crop insurance Miscellaneous Interest on preharvest variable costs (8 months @ 5.8%)

Units 25,000 186 54 44

Total Harvest Machinery Combine Grain cart Haul Dry (LP Gas @ $1.50/gal.) Handle (auger) Total

Variable $21.70 $81.60 55.80 21.06 11.88 4.90 28.00 23.30 9.90 9.00 10.33

165 bu. per acre Fixed $23.50 Units 30,000 186 62 50

$255.77

Variable $21.70 $97.90 55.80 24.18 13.50 4.90 28.00 23.30 11.00 10.00 11.22


$279.81

Your Estimate

Variable $21.70

$

$114.20 55.80 26.91 15.12 4.90 28.00 23.30 11.90 11.00 12.10

$

$303.23

$

$13.30 6.30 6.40 7.25 2.58

$6.90 3.10 5.69 26.10 2.94

$13.30 6.30 7.28 8.25 2.94

$6.90 3.10 6.48 29.70 3.35

$13.30 6.30 8.16 9.25 3.30

$6.90 3.10 7.26 33.30 3.75

$

$35.83

$44.74

$38.07

$49.53

$40.31

$54.32

$

Labor 2.80 hours @ $14.00

$39.20

$39.20

$39.20

$

Land Cash rent equivalent

$182.00

$219.00

$256.00

$

Total fixed, variable Per acre Per bushel

$280.53 $1.93

Total cost per acre Total cost per bushel

$322.21 $2.22

$602.74 $4.16

$319.77 $1.94

$351.03 $2.13

$670.80 $4.07

$359.01 $1.94

$379.25 $2.05

$738.25 $3.99

Chisel plow, tandem disk, apply N, field cultivate, plant, and spray. See the Estimated Machinery Costs table.

1/

Yield: bu./acre $ $

Page 3


Corn Following Soybeans 160 bu. per acre Fixed Preharvest Machinery 1/

$19.90

Seed, Chemical, etc. Seed @ $3.26 per 1000 k. Nitrogen @ $0.30 per lb. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Lime (yearly cost) Herbicide Crop insurance Miscellaneous Interest on preharvest variable costs (8 months @ 5.8%)

Units 25,000 131 60 48

Total Harvest Machinery Combine Grain cart Haul Dry (LP Gas @ $1.50/gal.) Handle (auger) Total

Variable $17.70 $81.60 39.30 23.40 12.96 4.90 28.00 9.90 9.00 8.77


$217.83

Variable $17.70 $97.90 39.30 26.52 14.58 4.90 28.00 11.00 10.00 9.66


$241.86

Your Estimate

Variable $17.70

$

$114.20 39.30 29.25 16.20 4.90 28.00 11.90 11.00 10.53

$

$265.29

$

$13.30 6.30 7.06 8.00 2.85

$6.90 3.10 6.28 28.80 3.25

$13.30 6.30 7.94 9.00 3.21

$6.90 3.10 7.07 32.40 3.65

$13.30 6.30 8.82 10.00 3.57

$6.90 3.10 7.85 36.00 4.06

$

$37.51

$48.33

$39.75

$53.12

$41.99

$57.91

$


$35.70

$35.70

$35.70

$


$182.00

$219.00

$256.00

$


$275.11 $1.72

Total cost per acre Total cost per bushel 1/

$283.86 $1.77

$558.97 $3.49

$314.35 $1.75

$312.68 $1.74

$627.03 $3.48

$353.59 $1.77

$340.90 $1.70

$694.49 $3.47

Apply N, tandem disk, field cultivate, plant, and spray. See the Estimated Machinery Costs table.

Yield: bu./acre $ $

Page 4


Corn Silage Following Corn 21 tons per acre Fixed Preharvest Machinery 1/

$23.50

Seed, Chemical, etc. Seed @ $3.26 per 1000 k. Nitrogen @ $0.30 per lb. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Lime (yearly cost) Herbicide Insecticide Crop insurance Miscellaneous Interest on preharvest variable costs (8 months @ 5.8%)

Units 28,750 150 74 168

Total Harvest Machinery Silage harvester Haul Store silage (unloader) Total

Variable $21.70 $93.80 45.00 28.86 45.36 4.90 28.00 23.30 9.90 9.00 11.98

24 tons per acre Fixed $23.50 Units 34,500 150 84 192

$300.10

Variable $21.70 $112.60 45.00 32.76 51.84 4.90 28.00 23.30 11.00 10.00 13.19

26 tons per acre Fixed $23.50 Units 40,250 150 91 208

$332.59

Your Estimate

Variable $21.70

$

$131.30 45.00 35.49 56.16 4.90 28.00 23.30 11.90 11.00 14.26

$

$361.31

$

$50.10 28.51 9.01

$31.80 27.77 2.74

$50.10 32.59 10.29

$31.80 31.74 3.13

$50.10 35.30 11.15

$31.80 34.39 3.39

$

$87.62

$62.31

$92.98

$66.67

$96.55

$69.58

$


$69.30

$69.30

$69.30

$


$182.00

$219.00

$256.00

$

Total fixed, variable Per acre Per ton

$362.42 $17.26

Total cost per acre Total cost per ton 1/

$384.12 $18.29

$746.54 $35.55

$404.78 $16.87

$420.97 $17.54

$825.75 $34.41

$445.35 $17.13

$452.59 $17.41

$897.94 $34.54

Chisel plow, tandem disk, apply N, field cultivate, plant, and spray. See the Estimated Machinery Costs table.

Yield: bu./acre $ $

Page 5


Herbicide Tolerant Soybeans Following Corn 45 bu. per acre Fixed Preharvest Machinery 1/

$21.30

Seed, Chemical, etc. Seed @ $52.00 per 140 k. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Lime (yearly cost) Herbicide 2/ Crop insurance Miscellaneous Interest on preharvest variable costs (8 months @ 5.8%)

Units 140 36 68

Total Harvest Machinery Combine Grain cart Haul Handle (auger) Total

Variable $19.20 $52.00 14.04 18.36 4.90 36.30 7.90 9.00 6.25

50 bu. per acre Fixed $21.30 Units 140 40 75

$148.75

Variable $19.20 $52.00 15.60 20.25 4.90 36.30 8.90 10.00 6.46

55 bu. per acre Fixed $21.30 Units 140 44 83

$154.41

Your Estimate

Variable $19.20

$

$52.00 17.16 22.41 4.90 36.30 10.00 11.00 6.69

$

$160.46

$

$8.50 6.30 1.99 0.80

$4.20 3.10 1.77 0.91

$8.50 6.30 2.21 0.89

$4.20 3.10 1.96 1.01

$8.50 6.30 2.43 0.98

$4.20 3.10 2.16 1.12

$

$17.59

$9.98

$17.90

$10.28

$18.21

$10.58

$


$30.80

$30.80

$30.80

$


$182.00

$219.00

$256.00

$


$251.69 $5.59

Total cost per acre Total cost per bushel 1/ 2/

$177.93 $3.95

$429.62 $9.55

$289.00 $5.78

$183.89 $3.68

$472.89 $9.46

$326.31 $5.93

$190.24 $3.46

$516.54 $9.39

Chisel plow, tandem disk, field cultivate, plant, and two sprays. See the Estimated Machinery Costs table. Estimates do not include any insecticide or fungicide costs.

Yield: bu./acre $ $

Page 6


Strip Tillage Corn and Soybeans Corn Following Soybeans 180 bu. per acre Fixed

Your Estimate

Variable

Preharvest Machinery 1/

$11.10

$10.10

$

Seed, Chemical, etc. Seed @ $3.26 per 1000 k. Seed @ $52.00 per 140 k. Nitrogen @ $0.30 per lb. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Lime (yearly cost) Herbicide 2/ Crop insurance Miscellaneous Interest on preharvest variable costs (8 months @ 5.8%)

Units 30,000

$97.88

$

131 68 54

Harvest Machinery Combine Grain cart Haul Dry (LP Gas @ $1.50/gal.) Handle (auger) Total Labor 2.25 hours @ $14.00 1.70 hours @ $14.00

$13.30 6.30 7.94 9.00 3.21

$6.90 3.10 7.07 32.40 3.65

$

$39.75

$53.12

$


$301.35 $1.67

1/ 2/

Fixed

Your Estimate

Variable $11.80

$

160

$59.40

$

40 75

15.60 20.25 4.90 43.30 8.90 10.00 6.73

$13.50

$169.09

$

$8.50 6.30 2.21

$4.20 3.10 1.96

$

0.89

1.01

$17.90

$10.28

$

$

$31.50

$219.00


$39.30 26.52 14.58 4.90 35.50 11.00 10.00 9.66

$


50 bu. per acre

Units

$249.34

Total

Herbicide Tolerant Soybeans Following Corn

$ $312.56 $1.74

$613.91 $3.41

Yield: bu./acre $ $

$23.80

$

$219.00

$

$274.20 $5.48

$191.16 $3.82

$465.36 $9.31

Strip till, plant, and spray for corn. No-till drill, two sprays for soybeans. See the Estimated Machinery Costs table. Estimates do not include any insecticide or fungicide costs.

Yield: bu./acre $ $

Page 7


Non-Herbicide Tolerant Soybeans Following Corn Soybeans Following Corn 50 bu. per acre Fixed Preharvest Machinery 1/

$21.80

Seed, Chemical, etc. Seed @ $37.00 per 140 k. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Lime (yearly cost) Herbicide 2/ Crop insurance Miscellaneous Interest on preharvest variable costs (8 months @ 5.8%)

Units 130 40 75

Total Labor 2.40 hours @ $14.00 1.72 hours @ $14.00

$

Fixed $18.70 Units 150 40 75

$34.40 15.60 20.25 4.90 48.00 8.90 10.00 6.25

$16.10

$

$39.60 15.60 20.25 4.90 43.30 8.90 10.00 6.13

$

$148.69

$

$8.50 6.30 2.21 0.89

$4.20 3.10 1.96 1.01

$

$8.50 6.30 2.21 0.89

$4.20 3.10 1.96 1.01

$

$17.90

$10.28

$

$17.90

$10.28

$

$

$33.60

$219.00


$292.30 $5.85

$ $178.18 $3.56

$470.48 $9.41

Yield: bu./acre $ $

$24.08

$

$219.00

$

$279.68 $5.59

$175.06 $3.50

$454.74 $9.09

Chisel plow, tandem disk, field cultivate, plant, cultivate, and spray. Tandem disk, field cultivate, drill, and spray for drilled soybeans. See the Estimated Machinery Costs table. 2/ Estimates do not include any insecticide or fungicide costs. 1/

Your Estimate

Variable

$



$19.60

50 bu. per acre

$148.30

Total Harvest Machinery Combine Grain cart Haul Handle (auger)

Your Estimate

Variable

Drilled Soybeans Following Corn

Yield: bu./acre $ $

Page 8


Low-till Corn and Soybeans Corn Following Soybeans 180 bu. per acre Fixed

Your Estimate

Variable

Preharvest Machinery 1/

$15.20

$14.20

$

Seed, Chemical, etc. Seed @ $3.26 per 1000 k. Seed @ $52.00 per 140 k. Nitrogen @ $0.30 per lb. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Lime (yearly cost) Herbicide 2/ Crop insurance Miscellaneous Interest on preharvest variable costs (8 months @ 5.8%)

Units 30,000

$97.88

$

Harvest Machinery Combine Grain cart Haul Dry (LP Gas @ $1.50/gal.) Handle (auger) Total Labor 2.25 hours @ $14.00 1.70 hours @ $14.00

$

$13.30 6.30 7.94 9.00 3.21

$6.90 3.10 7.07 32.40 3.65

$

$39.75

$53.12

$


$305.45 $1.70

1/ 2/

Fixed

Your Estimate

Variable $11.60

$

160

$59.40

$

40 75

15.60 20.25 4.90 43.30 8.90 10.00 6.73

$13.70

$169.08

$

$8.50 6.30 2.21

$4.20 3.10 1.96

$

0.89

1.01

$17.90

$10.28

$

$

$31.50

$219.00


39.30 26.52 14.58 4.90 35.50 11.00 10.00 9.82

$249.50


50 bu. per acre

Units

131 68 54

Total

Herbicide Tolerant Drilled Soybeans Following Corn

$ $316.82 $1.76

$622.27 $3.46

Yield: bu./acre $ $

$23.80

$

$219.00

$

$274.40 $5.49

$190.96 $3.82

$465.35 $9.31

Yield: bu./acre $ $

Apply N, cultivate, plant, and spray for corn. Disk, drill, and spray for soybeans. See the Estimated Machinery Costs table. Estimates do not include any insecticide or fungicide costs.

Page 9


Oats and Hay Production - Seeding Year Costs Establishment Costs Preharvest Machinery Spray herbicide Tandem disk (2 times) Spread fertilizer Harrow Seed (drill) Total preharvest machinery Seed 3/ Oats Alfalfa Bromegrass Orchardgrass Total seed cost Herbicide Lime (total cost for hay lifetime) Labor @ $14.00 Total establishment costs

Alfalfa-Grass Seeded with Oat Companion Crop 1/ Fixed

Variable

$9.40 2.00 2.10 4.60 $18.10

$7.00 1.60 1.50 4.10 $14.20

2 bu. 8 lb. 6 lb. 3 lb.

$20.07 38.65 22.75 12.16 $93.63

Alfalfa Seeded with Herbicide 2/ Fixed $2.20 9.40 2.00 2.10 4.60 $20.30

$2.00 7.00 1.60 1.50 4.10 $16.20

15 lb.

$72.48

Annual Costs One-Third of Established Costs (for establishment year) Fertilizer Nitrogen Phosphorus Potash Total fertilizer Insurance, oats Labor @ $14.00 4 hr. Land Cash rent equivalent Harvest Machinery Oats: combine and haul grain rake, bale, and haul straw Alfalfa: mower-conditioner, rake, bale, and haul hay Total harvest cost Total fixed and variable costs Total cost per acre

$14.00 $32.10

$72.48 $13.30 18.00 1 hr.

$125.83

Fixed Variable $10.70 $41.94

60 lb. 45 lb. 130 lb.

$11.13 12.38

$14.00 $34.30

$

$119.98

$ $

Fixed Variable $11.43 $39.99

$

35 lb. 125 lb.

3 hr.

$13.53 33.95 $47.48

$42.00 $109.00

$ $ $ $ $ $

$6.34 9.61

18.83 14.77 $42.34 $30.72 $218.04 $146.13 $364.17

$

$

$17.87 17.39 35.31 $70.58 $2.90

$56.00 $109.00

$

$

$18.00 1 hr.

Your Estimate

Variable

$38.63 $31.07 $38.63 $31.07 $201.07 $118.54 $319.60

$ $ $ $

Assumes 80 bushels oat yield, one ton straw yield, and one ton per acre alfalfa yield from one cutting. Assumes two and a half tons per acre from two alfalfa cuttings with herbicide-assisted seeding. 3/ Omit oats from August seedings. Higher priced seed varieties or different seed mixtures could vary these costs by 1.2 to 2.0 times. 1/ 2/

Page 10


Annual Production Costs for Established Alfalfa or Alfalfa-Grass Hay Hay Production Level

One-third of establishment costs Machinery, seed, lime, labor and herbicide 2/ Annual fertilizer 0-13-50 lbs/ton removed plus spreading and insurance

4 tons per acre 1/

6 tons per acre

Fixed

Fixed

Variable

Your Estimate

Variable

$10.70

$41.94

$11.43

$39.99

$

$2.00

$78.22

$4.00

$117.48

$

$65.20

$

3/

Harvesting Costs: Large Round Bales 4/ Mower-conditioner, rake, baling, and hauling Labor costs: 1.33 hr./cutting @ $14.00 per hour

$58.43

$47.37

$79.20

$56.00

$74.67

$


$109.00

$157.00

$

Total fixed and variable cost using large round bales Fixed and variable cost per ton

$236.13 $59.03

Total cost per acre Total cost per ton

$167.53 $41.88

$403.66 $100.92

$326.30 $54.38

$222.67 $37.11

$ $ $ $

$548.97 $91.49

Harvesting Costs: Small Square Bales 4/ Mower-conditioner, rake, baling, haul, and stack

$55.71

$45.33

$75.66

$62.65

$

$84.00

$112.00

$


$109.00

$157.00

$

Total fixed and variable cost using small square bales Fixed and variable cost per ton

$261.41 $65.35

Labor costs: 2 hr./cutting @ $14.00 per hour

Total cost per acre Total cost per ton

$165.49 $41.37

$426.90 $106.73

$360.09 $60.02

$220.11 $36.69

$580.21 $96.70

$ $ $ $

For harvest as silage, use machine cost estimates from the Estimated Machinery Costs table. Assumes alfalfa-grass seeded with oat companion crop. If alfalfa seeded with preplant herbicide, then use other costs (see previous page). 3/ For 6-ton yield goal, a split application of fertilizer is assumed. 4/ Harvest cost estimates assume 3 cuttings for 4 tons and 4 cuttings for 6 tons. 1/ 2/

Page 11


Maintaining Grass Pastures - Annual Cost per Acre Improved Grass 2/ Fixed Machinery Costs Spreading fertilizer Spraying herbicide Clipping weeds Total machinery cost Fertilizer and Herbicide 1/ Nitrogen @ $0.30 per lb. Phosphate @ $0.39 per lb. Potash @ $0.27 per lb. Herbicide

Variable

Fixed

Your Estimate

Variable

$2.00 2.20 6.60

$1.60 2.00 4.30

$2.00

$1.60

6.60

4.30

$10.80

$7.90

$8.60

$5.90

80 lb. 30 lb.

$24.00 11.70

30 lb. 40 lb.

$11.70 10.80

$

$ $

20.60

Total fertilizer and herbicide Labor Growing practices .5 hr. @ $14.00 Fence maintenance 1 hr. @ $14.00

Improved Grass-Legume 3/

$56.30

$22.50

$

$7.00 14.00

$7.00 14.00

$

$21.00

$21.00

$


$48.00

$71.00

$

Total annual cost Total annual cost per acre

$79.80 $64.20 $144.00

Total labor

$100.60 $28.40 $129.00

$ $

These are average rates and may vary with soil test and the level of management on a particular field. Different herbicide alternatives could vary this cost. 2/ Improved grass pastures assume a dominance of cool season grasses such as smooth bromegrass, orchardgrass, tall fescue, or reed canarygrass. 1/

3/

Improved grass-legume pasture assumed one-third of the forage is made up of red clover, birdsfoot trefoil, or alfalfa.

Page 12


Estimated Machinery Costs The following cost estimates are for on-farm use, excluding labor. Depreciation is based on current replacement cost; interest is based on average market rates. Fixed costs will be greater for newer machinery. If annual machine use is greater than that assumed, fixed costs per acre will be lower, and vice versa. Hauling costs are based on a round trip of one mile. Remember these are estimates and they should not take the place of accurate recordkeeping. Diesel fuel is estimated to cost $2.65 per gallon, delivered to the farm in bulk. Fixed Cost per Acre Variable Cost Hours of Use (depreciation, interest, per Acre Operation Assumed per Year insurance, housing) (fuel, oil, repairs) Subsoiling (V-ripper) 120 $6.40 $7.90 Moldboard plow 120 9.20 9.80 Chisel plow 120 3.60 4.00 Chop stalks 120 5.00 5.00 Tandem disk 120 4.70 3.50 Offset disk 120 3.90 3.40 Peg tooth harrow 60 2.10 1.50 Sprayer/disk 120 3.80 3.00 Field cultivator 120 2.70 2.80 Disk/Field cultivator 120 2.70 2.70 Strip tiller 120 3.00 3.20 Bulk fertilizer spreader 60 2.00 1.60 NH3 applicator 120 4.40 4.50 Chisel plow, NH3 applic. 120 6.10 7.00 Grain drill 100 4.60 4.10 Broadcast seeder 100 3.00 1.80 Planter 100 5.90 4.90 No-till planter 100 7.50 6.40 No-till drill 100 9.10 7.80 Rotary hoe 60 1.90 1.10 Cultivator 120 2.70 2.40 Sprayer 150 2.20 2.00 Combine corn 180 13.30 6.90 Combine soybeans 120 8.50 4.20 Combine small grain 120 7.60 3.20 Haul grain (on farm) 600 0.044 /bu. 0.039 /bu. Grain cart 200 6.30 3.10 Store grain (auger) 0.0178 /bu. 0.0203 /bu. Silage harvester 200 50.10 31.80 Haul silage 140 1.36 /ton 1.32 /ton Store silage (unloader) 0.43 /ton 0.13 /ton Rotary mower 120 6.60 4.30 Mower-conditioner 120 5.50 4.40 Rake 120 3.20 2.00 Small square baler 120 7.10 /cutting 4.30 /cutting Round baler 120 8.20 5.30 Large square baler 120 8.70 6.30 Windrower 200 3.10 2.20 Forage chopper 200 18.20 13.90 Haul small square bales 120 2.08 /ton 3.31 /ton Haul large round bales 120 1.93 /ton 3.07 /ton

Page 13


Estimated Crop Production Costs in Iowa, 2009-2018 2009

20101/

2011

2012

2013

2014

2015

2016

2017

2018

$115.99 387.44 31.35 205.00 739.77 145 bu. $5.10

$124.25 290.78 31.35 195.00 641.37 165 bu. $3.89

$152.73 341.92 33.06 215.00 742.70 165 bu. $4.50

$147.37 376.81 33.35 258.00 815.53 165 bu. $4.94

$147.37 372.43 34.91 276.00 830.70 165 bu. $5.03

$155.29 340.27 37.05 287.00 819.61 165 bu. $4.97

$144.99 357.80 37.05 273.00 812.83 165 bu. $4.93

$129.92 330.55 37.05 266.00 763.52 165 bu. $4.63

$119.83 287.19 36.40 230.00 673.41 165 bu. $4.08

$132.80 279.81 39.20 219.00 670.80 165 bu. $4.07

Corn Following Soybeans Machinery $113.98 Seed, chemicals, etc. 344.03 Labor 28.60 Land 205.00 Total cost per acre 691.61 Assumed yield 160 bu. Total cost per bushel $4.32

$122.42 266.48 28.60 195.00 612.50 180 bu. $3.40

$151.54 300.13 30.16 215.00 696.83 180 bu. $3.87

$144.22 329.14 30.42 258.00 761.78 180 bu. $4.23

$144.22 324.61 31.85 276.00 776.68 180 bu. $4.31

$152.28 298.80 33.80 287.00 771.88 180 bu. $4.29

$142.18 311.84 33.80 273.00 760.81 180 bu. $4.23

$126.74 292.47 33.80 266.00 719.01 180 bu. $3.99

$116.56 251.48 33.15 230.00 631.18 180 bu. $3.51

$130.47 241.86 35.70 219.00 627.03 180 bu. $3.48

Soybeans Following Corn2/ Machinery $55.80 Seed, chemicals, etc. 202.85 Labor 26.95 Land 205.00 Total cost per acre 490.60 Assumed yield 50 bu. Total cost per bushel $9.81

$57.70 154.00 26.95 195.00 433.65 50 bu. $8.67

$72.70 156.52 28.42 215.00 472.64 50 bu. $9.45

$80.70 180.89 26.33 258.00 545.91 50 bu. $10.92

$80.70 163.44 27.56 276.00 547.71 50 bu. $10.95

$84.70 155.65 29.25 287.00 556.60 50 bu. $11.13

$79.17 166.38 29.25 273.00 547.80 50 bu. $10.96

$75.43 162.63 29.25 266.00 533.30 50 bu. $10.67

$67.40 157.11 28.60 230.00 483.11 50 bu. $9.66

$68.67 154.41 30.80 219.00 472.89 50 bu. $9.46

Alfalfa Hay, annual production, 6 ton per acre, large round bales One-third of est. costs $38.97 $54.28 $52.75 $52.48 $54.25 Annual fertilizer 294.60 170.24 199.82 227.92 200.94 Harvest machinery 102.90 107.00 159.60 174.50 174.50 Labor 58.67 58.67 61.87 62.40 65.33 Land 125.00 113.00 124.00 150.00 161.00 Total cost per acre 632.27 503.19 598.04 667.30 656.02 Assumed yield 6 ton 6 ton 6 ton 6 ton 6 ton Total cost per ton $105.38 $83.86 $99.67 $111.22 $109.34

$58.17 164.14 179.60 69.33 167.00 638.24 6 ton $106.37

$60.62 166.88 167.60 69.33 167.00 631.43 6 ton $105.24

$57.93 148.21 159.20 69.33 170.00 604.67 6 ton $100.78

$60.03 109.05 140.80 69.33 165.00 544.22 6 ton $90.70

$51.43 121.48 144.40 74.67 157.00 548.97 6 ton $91.49

Corn Following Corn Machinery Seed, chemicals, etc. Labor Land Total cost per acre Assumed yield Total cost per bushel

1/ 2/

Starting 2010 corn yields adjusted. Soybean estimates are for herbicide tolerant varieties.

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Prepared by Alejandro Plastina extension economist 515-294-6160 [email protected]

www.extension.iastate.edu/agdm store.extension.iastate.edu