Characteristics and Production Costs of U.S. Corn Farms, Including Organic, 2010

43 Pages Posted: 8 Oct 2014

See all articles by Linda Foreman

Linda Foreman

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Date Written: September 1, 2014

Abstract

Data from the 2010 Agricultural Resource Management Survey (ARMS) and ERS cost of production accounts present a snapshot of the production costs, production practices, and characteristics related to U.S. corn production in 2010. This study found considerable variation in the operating and ownership costs for corn, ranging from an average of $1.74 per bushel for low-cost producers to $3.88 per bushel for high-cost producers. In 2010, high corn prices meant that most producers covered their corn production costs from harvest-month prices. The Heartland continues to be the major corn production region with the lowest operating and ownership costs per bushel, mainly because of the region’s high corn yields. The operating and ownership costs per bushel did not vary significantly by enterprise size where size is measured by the number of planted corn acres per farm. However, these costs per planted acre were lowest for farms with the smallest corn enterprises and highest for farms with the largest corn enterprises. Production value less operating and ownership costs per acre from organic corn production was higher than that from conventional corn production because higher prices more than offset lower yields for organic corn.

Keywords: corn, operator characteristics, production costs, production practices, cost variation, organic corn, Agricultural Resource Management Survey (ARMS)

Suggested Citation

Foreman, Linda, Characteristics and Production Costs of U.S. Corn Farms, Including Organic, 2010 (September 1, 2014). USDA-ERS Economic Information Bulletin Number 128, Available at SSRN: https://ssrn.com/abstract=2506625 or http://dx.doi.org/10.2139/ssrn.2506625

Linda Foreman (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
49
Abstract Views
546
PlumX Metrics