Costs of Crop Production, by Size of Farm, Central Cotton-Tobacco Area of North Carolina

W. T. Chumney and James Vermeer

No 307161, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from the report Summary: Costs per pound of producing tobacco in 1956 were 16 percent lower on large farms in the central cotton-tobacco area of North Carolina than on small farms in the same area, and for cotton they were 20 percent lower on the large farms. Costs of producing corn were more than 40 percent lower and costs of producing soybeans, oats, and wheat were more than 50 percent lower on the large farms. Costs of producing cotton, tobacco, and corn were lowest on the large single-unit farms; costs of producing soybeans, oats, and wheat were lowest on large multiple-unit farms (farms with croppers). These conclusions are based on a study of 267 farms selected at random and surveyed in 1957. The cost estimates exclude charges for land and management, but they include charges for all labor at wage rates paid to hired labor.

Keywords: Crop Production/Industries; Production Economics (search for similar items in EconPapers)
Pages: 78
Date: 1962-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307161

DOI: 10.22004/ag.econ.307161

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