Cost of Production Calculator

Economics - Cost of Production Calculator

Below is a cost of production calculator to help you evaluate the costs and returns of corn and soybean cropping systems. To run the calculator, you can either use 1) predetermined variable costs based on figures calculated by Iowa State Extension or 2) your own variable costs or figures calculated by your nearest college of agriculture. Simply select an option below to get started.

  1. Input your expected "Market Prices."
  2. Input expected "Planted Acres" per crop.
  3. Input your "Expected Yield" for all 3 cropping systems.

 

1 Expected Market Prices Corn
Soybeans
 
2 Planted Acres Corn after Corn
Corn after Beans
Beans after Corn
3 Expected Yields
4 Variable Costs

Use predetermined Variable costs *
Allow me to enter my own Variable costs

  Corn after Corn Corn after Beans Beans after Corn
Total Expenses: $507.51 $457.48 $230.84
Results arrow
  Corn after Corn Corn after Beans Beans after Corn
Total Income: $0.00 $0.00 $0.00
  Market Income $0.00 $0.00 $0.00
  LDP: $0.00 $0.00 $0.00
  CCP: $0.00 $0.00 $0.00
Net Income per
Planted Acre:
$0.00 $0.00 $0.00
Net Income: $0.00 $0.00 $0.00
Total Farm Income: $0.00

 

* Alejandro Plastina, Estimated Costs of Crop Production in Iowa - 2015. Iowa State University Extension: Ames, Iowa. January, 2015. Irrigation and storage costs not included. All predetermined variable costs are based on 185 bu/A,  200 bu/A and 50 bu/A yield scenarios.  If a different yield is entered costs may vary, which is not reflected in the calculator.

Note: This calculator only includes variable costs and does not consider Fixed costs including land costs. While labor is usually a fixed cost, when deciding among alternative crops, labor should be considered a variable cost. Labor costs have been included in this calculator.

** DuPont Pioneer data shows seed costs for customers are less than the average number calculated by Iowa State University. If entering your own seed costs, figure price per unit minus any discounts.

*** Includes misc. costs and interest on preharvest variable costs figured @ 8 months @ 5%

 

 

 

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