Economic Indicators of the Farm Sector: Costs of Production, 1984

Economic Research Service National Economics Division

No 356539, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Average cash costs of producing major U.S. crops increased about 5.7 percent per acre in 1984, mainly because of higher prices for seed, fertilizer, and machinery. Yields recovered from 1983's drought, but prices fell 8 percent, resulting in lower receipts for most crops. Livestock production costs fell an average 1 percent, while dairy costs were up 3.2 percent. Overall, livestock and milk returns increased by 151 percent, mainly because of net cost flow for fed cattle going from minus $6.67 to minus 93 cents.

Keywords: Crop Production/Industries; Dairy Farming; Dairy Production/Industries; Financial Economics; Labor and Human Capital; Livestock Production/Industries; Production Economics; Research Research Methods/Statistical Methods; Resource/Energy Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 166
Date: 1985-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:356539

DOI: 10.22004/ag.econ.356539

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