U.S. corn production costs, 1983-85 



Item 



1983 



1984 



1985 



Dollars per planted acre 



Cash receipts (excluding direct Government payments): 

 Primary crop 

 Total 



Cash expenses: 

 Seed 



Ferti lizer 

 Lime and gypsum 

 Chemicals 

 Custom operations 

 Fuel, lube, and electricity 

 Repairs 

 Hired labor 



Purchased irrigation water 

 Drying 



Mi seel laneous 

 Technical services 

 Total, variable expenses 



General farm overhead 

 Taxes and insurance 

 Interest 

 Total, fixed expenses 



Total, cash expenses 



Receipts less cash expenses 



Capital replacement 



Receipts less cash expenses and replacement 



200.04 



52.86 

 33.56 

 19.30 



207.64 



65.59 

 33.96 

 31.63 



205.44 



55.05 

 33.70 

 21.35 



Economic (full ownership) costs: 

 Variable expenses 

 General farm overhead 

 Taxes and insurance 

 Capital replacement 

 Allocated returns to owned inputs: 



Return to operating capital 



Return to other nonland capital 



Net land rent 



Unpaid labor 

 Total, economic costs 



126.27 

 15.22 

 13.45 

 33.56 



4.75 



12.17 



47.95 



12.06 



265.43 



129.59 

 15.37 

 16.77 

 33.96 



5.40 



12.79 



67.61 



13.10 



294.59 



128.10 

 15.29 

 17.16 

 33.70 



4.19 



12.92 



57.46 



13.77 



282.59 



Residual returns to management and risk 

 Total, returns to owned inputs 



Harvest -period price (dollars/bushel) 

 Yield (boshel/planted acre) 



12.53 

 64.40 



3.21 

 78.76 



21.36 

 77.54 



2.58 

 105.79 



22.43 

 65.91 



2.22 

 116.96 



Source: (5). 



14 



