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Jan 10, 2023 · Variable cost per bushel in 2023 is estimated to be $4.02. Fixed cost (overhead cost) per acre is projected to be $387, which is higher than the previous peak of $375 in 2015. The breakeven price needed to cover variable and fixed costs varied from $4.89 to $4.98 per bushel from 2013 to 2015. In 2016 and 2017, the breakeven price declined to ...
1 United States average prices per unit computed by weighting State prices by estimated sales. 2 Equivalent packinghouse-door returns for all citrus sales. Prices and values in column headed 2021 are 2020-2021 crop; 2022 are 2021-2022 crop; 2023 are 2022-2023 crop. 3 Preliminary for 2023.
The average yield per acre was estimated at 50.6 bushels, up 1.0 bushel from 2022. Harvested area, at 82.4 million acres, was down 4 percent from last year. All cotton production is estimated at 12.4 million 480-pound bales, down 14 percent from 2022. The United States yield is estimated at 845 pounds per acre, down 108 pounds from last year.
Total Variable Costs $219.71 $109,856.59 Planned Returns Above Variable Costs: $122.29 $61,143.41 Breakeven Price to Cover Variable Costs $4.88 Bushel Enterprise FIXED COSTS Quantity Units $/Unit Total Total Machinery Depreciation $23.05 Tractors/Self-Propelled 1 Acre $14.07 $14.07 $7,036.41 Implements 1 Acre $8.98 $8.98 $4,490.29 Equipment ...
Nov 15, 2023 · USDA's cost of production for 2023 creates a break-even price of $12.45 per bushel when compared to the national average yield estimate of 49.9 bushels per acre, Hultman said. DTN's national cash average of soybean prices ended at $13.30 a bushel on Tuesday. University of Illinois' budgets also reflect lower production expenses and lower ...
In 2023, total costs are projected at $1,161 per acre, up from the $1,054 level in 2022. Since 2020, total costs have increased from $833 per acre to $1,161, an increase of $328 per acre, or 39%. Table 2 shows actual results for northern Illinois for 2021, along with projections for 2022 and 2023.
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Total Variable Costs $181.92 $90,959.75 Planned Returns Above Variable Costs: $106.83 $53,415.25 Breakeven Price to Cover Variable Costs $5.20 Bushel Enterprise FIXED COSTS Quantity Units $/Unit Total Total Machinery Depreciation $21.24 Tractors/Self-Propelled 1 Acre $14.54 $14.54 $7,268.38 Implements 1 Acre $6.71 $6.71 $3,353.63 Equipment ...
