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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.
The average corn yield was the highest on record. Total costs per acre were the highest on record and total costs per bushel were the lowest in the last four years. Total cost per acre to produce soybeans increased, from $697 per acre in 2013 to $727 per acre in 2014.Generally speaking, the same expenses that increased for corn also increased for soybeans.otal costs per acre were the highest on record and total costs per bushel were the lowest in the last four years. Total cost per acre to produce soybeans increased, from $697 per acre in 2013 to $727 per acre in 2014. Generally speaking, the same expenses that increased for corn also increased for soybeans.