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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.
Profit groups were determined by ranking contestants in quintiles by division, district and year. The largest proportion of costs involve land, fertilizer and fixed + variable equipment (Fig. 1). In the cash corn division, the average cost per acre has been $238 (minimum = $215 during 1995; maximum = $260 during 1992).In the livestock corn division, the average cost per acre is $206 (minimum = $186 during 1993; maximum = $235 during 1987).ariable equipment costs have increased 30%. Total acre cost of production between the top and bottom profit group is similar, but grower return is not, due to substantially higher yield (Fig. 2 and Table 1).