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Wrapping it Up. The USDA cost of production estimates suggest that 2016 input costs will be similar to 2015. With prices at current levels, this would mean another challenging year for many farmers.or instance, at the estimated trend yield of 166 bushels per acre for corn the costs of production would be $4.11 per bushel. Using this approach soybeans and wheat come in at costs of $10.65 and $6.50 per bushel respectively.
Using the plug yields for Gallatin County, the Olympic average yield is 51.9 bushels per acre. National average price is still $6.63 for wheat, and for an example, we will assume a crop insurance premium of $30 per acre.The farm benchmark revenue is $374.09.Again, using the early estimate of $5.30 per bushel for the national average price for the 2009 ACRE coverage year, the actual farm revenue, without changing the average yield, would be $275.07.This meets the farm level trigger, as actual farm revenue ($275.07) is less than the farm benchmark revenue of $374.09.he farm benchmark revenue is $374.09. Again, using the early estimate of $5.30 per bushel for the national average price for the 2009 ACRE coverage year, the actual farm revenue, without changing the average yield, would be $275.07.