Table 5: Costs and Returns for Soybeans, Per Acre
| Conventional Production Practices, Northeastern United States, 1996 |
| ITEM |
UNIT |
PRICE |
QUANTITY |
TOTAL |
| |
|
|
|
|
| Receipts |
|
|
|
|
| Soybeans |
bushel |
$ 7.00 |
40 |
$ 280.00 |
|
|
|
|
|
| Variable Costs |
|
|
|
|
| Custom |
|
|
|
|
| Apply Calcium Lime |
ton |
$ 27.65 |
0.5 |
$ 13.83 |
| Drying |
|
|
|
|
| Soil Test |
$ 1.00 |
1 |
$ 1.00 |
| Fertilizer |
< /td> |
|
|
|
| P |
pound |
$ 0.32 |
80 |
$ 25.60 |
| K |
pound |
$ 0.14 |
80 |
$ 11.20 |
| Herbicides |
|
|
|
|
| pound |
$ 38.47 |
0.3 |
$ 11.54 |
| Lasso-Microtech |
gallon |
$ 26.84 |
0.5 |
$ 13.42 |
| Seed |
|
|
|
|
| Soybean Seed |
bushel |
$ 14.85 |
1.17 |
$ 17.37 |
| Labor |
|
|
|
|
| Operator |
hour |
$ 14.48 |
1.59 |
$ 23.02 |
| Diesel Fuel |
|
|
|
|
| Tractors |
gallon |
$ 0.969 |
6.55 |
$ 6.35 |
| Self-Propelled Eq. |
gallon |
$ 0.969 |
1.48 |
$ 1.43 |
| Repair & Maintenance |
|
|
|
|
| Tractors |
acre |
$ 2.88 |
1 |
$ 2.88 |
| Self-Propelled Eq. |
acre |
$ 5.47 |
1 |
$ 5.47 |
| Implements |
acre |
$ 6.06 |
1 |
$ 6.06 |
| Sub-Total |
|
|
|
$ 139.17 |
| Interest on Operating Capitala |
acre |
10% |
1 |
$ 4.04 |
| Total Variable Costs |
acre |
|
1 |
$ 143.21 |
| Returns Above Variable Costs |
acre |
|
1 |
$ 136.79 |
| Fixed Costs |
|
|
|
|
| Tractors |
acre |
$ 8.79 |
1 |
$ 8.79 |
| Self Propelled Eq. |
acre |
$ 7.21 |
1 |
$ 7.21 |
| Implements |
acre |
$ 14.26 |
1 |
$ 14.26 |
| Land Charge |
acre |
$ 50.00 |
1 |
$ 50.00 |
| Total Fixed Costs |
acre |
|
1 |
$ 80.26 |
| Total Fixed & Variable Costs |
acre |
|
1 |
$ 223.47 |
| Management F ees a |
acre |
7% |
1 |
$ 12.14 |
| Total Costs |
acre |
|
1 |
$ 235.61 |
| Net Returns |
acre |
|
1 |
$ 44.39 |