Direct Costs and Prices on Grain Farms • farmdoc dail

Direct Costs and Prices on Grain Farms • farmdoc daily


Ohio State University
farmdoc daily (11):90
farmdoc daily (11):90, Department of Agricultural and Consumer Economics, University of Illinois at
Urbana-Champaign, June 8, 2021. Permalink
Over time, per acre input costs on grain farms tend to rise with commodity price increases (see also
farmdoc daily, September 17, 2015). In this article, we illustrate this relationship for corn in 1) central Illinois using data from Illinois Farm Business Farm Management (FBFM) and 2) the U.S. using data from the Economic Research Service (ERS). Given current higher commodity prices, historical relationships suggest rising input costs for the 2022 crop. Sometime in the future, commodity prices will decline. When this occurs, history suggests that input costs will not decline as much as the commodity price decline.

Related Keywords

Illinois , United States , , Us Department Of Agriculture , National Agricultural Statistics Service , Economic Research Service , Illinois Farm Business Management , Corn Prices , Central Illinois , Illinois Grain Crops , இல்லினாய்ஸ் , ஒன்றுபட்டது மாநிலங்களில் , பொருளாதார ஆராய்ச்சி சேவை , இல்லினாய்ஸ் பண்ணை வணிக மேலாண்மை , சோளம் ப்ரைஸஸ் , மைய இல்லினாய்ஸ் ,

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