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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.
Fertilizer costs, and some other expenses, declined slightly for 2014; however average direct expenses for corn are probably still in a range of $475-$500 per acre for many farm operators. The average direct expenses in 2013 for soybeans in Southern Minnesota, excluding land rent, were approximately $222 per acre.SDA recently released the final national market year average (MYA) crop prices for the 2013-2014 year, which were $4.45 per bushel for corn and $13.00 per bushel for soybeans.