Major Statistical Series of the U.S. Department of Agriculture, 



Volume 12: Costs of Production. By Robert G. McElroy, Agriculture and 

 Rural Economy Division, Economic Research Service, U.S. Department of 

 Agriculture. Agriculture Handbook No. 671. 



Abstract 



The Economic Research Service of the U.S. Department of Agriculture estimates 

 annual costs of production for major crops and livestock enterprises. Survey data, the 

 main sources for these estimates, are compiled into a computerized budget generator 

 to estimate enterprise budgets at regional and national levels. Each budget contains 

 estimates of cash receipts, itemized cash expenses, economic (full ownership) costs, 

 yields, prices, and net returns. This report describes the estimation procedures and 

 the data sources for making the estimates. 



Keywords 



Costs of production, costs and returns, budget generator 



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