Estimated Costs of Crop Production | Ag Decision Maker

Ag Decision Maker

Iowa State University Extension and Outreach

Estimated Costs of Crop Production

To Begin Select Crop Type:

Crop Type

Field Name			Expect Yield		bu./acre
			Acres
		Cost/Acre			Total Cost
Pre-harvest Machinery *		Fixed	Variable	Total	All Acres
pm_1_list		$	$	$	$
pm_2_list		$	$	$	$
pm_3_list		$	$	$	$
pm_4_list		$	$	$	$
pm_5_list		$	$	$	$
pm_6_list		$	$	$	$
pm_7_list		$	$	$	$
pm_8_list		$	$	$	$
pm_9_list		$	$	$	$
Total per acre		$	$	$	$
Total all acres		$	$	$

Seed, Chemicals, Etc.
Seed			$	$	$
cost per 1000 kernels	$
kernels per acre	$sce_seed_kernels_per_acre
Nitrogen			$	$	$
price per pound	$
pounds per acre	$sce_nitrogen_lbs_per_acre
Phosphate			$	$	$
price per pound	$
pounds per acre	$sce_phosphate_lbs_per_acre
Potash			$	$	$
price per pound	$
pounds per acre	$sce_potash_lbs_per_acre
Lime (annual cost)			$	$	$
Herbicide			$	$	$
Insecticide			$	$	$
Crop insurance			$	$	$
Miscellaneous			$	$	$
Interest on pre-harvest variable costs			$	$	$
length of period (months)	$sce_period_in_months
interest rate (%)	$sce_interest_rate
Total			$	$	$

Harvest Machinery *
hm_1_list		$	$	$	$
hm_2_list		$	$	$	$
hm_3_list		$	$	$	$
Haul		$	$	$	$
Fixed- price per bushel	$
Variable- price per bushel	$
Drying **		$	$	$	$
Fixed- price per bushel	$
Variable- price per bushel	$
Handling		$	$	$	$
Fixed- price per bushel	$
Variable- price per bushel	$
Total per acre		$	$	$	$
Total all acres		$	$	$

Labor
Operator		$		$	$
Hours	$labor_operator_number_hours
Rate per hour	$
Hired			$	$	$
Hours	$labor_hired_number_hours
Rate per hour	$
Total		$	$	$	$

Land
Cash rent equivalent		$		$	$

Total Costs		Fixed	Variable	Total	All Acres
Per acre		$	$	$	$
Per bushel		$	$	$
All acres		$	$	$

			Return/Acre	Return/Acre
			Over	Over	Return
Gross Returns			Variable Cost	All Costs	All Acres
Expected selling price *******	$			$	$
Other income				$	$
Total returns				$	$

Net returns			$	$	$


NOTES :
* Fixed machinery costs include depreciation, return on investment in machinery (interest), insurance, and housing. Variable machinery costs include fuel, oil, and repairs. Choosing a machinery operation populates with 2024 ISU Cost of Production Estimate. The user may use this estimate or override with their own data.

For more detailed drying costs, use the "Comparison of Drying Systems Calculator" decision tool: www.extension.iastate.edu/agdm/crops/xls/a2-31dryingcosts.xlsx**

* Visit the CME Group website for price information: www.cmegroup.com**

This institution is an equal opportunity provider. For the full non-discrimination statement or accommodation inquiries, visit: www.extension.iastate.edu/diversity/ext