Overview
USDA has estimated annual production costs and returns
and published accounts for major field crop and livestock
enterprises since 1975. Cost and return estimates are
reported for the United States and major production
regions
for corn, soybeans, wheat, cotton, grain sorghum, rice,
peanuts, oats, barley, milk, hogs,
and cow-calf. These cost and return accounts are "historical"
accounts based on the actual costs incurred by producers.
The costs
and returns estimation program uses surveys conducted
every 4-8 years for each commodity as part of
the annual
Agricultural Resource
Management Survey (ARMS), and methods that conform
to standards recommended by the American
Agricultural Economics Association (AAEA).
Data Directories
The files for each commodity are divided into three
categories:
- U.S. and regional estimates for the most recent
2 years.
- A time series of U.S. and regional estimates made
using the format and methods endorsed by the AAEA
task force on commodity costs and returns, and incorporating
ERS farm resource regions.
- A time series of U.S and regional estimates from
1975 using the previous format and methods and regional
definitions.
Also included are:
- Cost-of-production forecasts for U.S.
major field crops.
- National monthly milk costs of production estimated since
January 2005.
See all the data files...
Format
Data files for each commodity are in a downloadable MS
Excel format.
Size
All data files are less than 100 kb and many are less
than 50 kb.
Release Date
Preliminary annual estimates released during the first week of May and final
annual estimates released during the first week of
October.
Cost-of-production forecasts are updated and released
in mid-June and mid-December.
Monthly milk estimates released during the last week of each month.
Instructions/Helpful Hints
Each file may be downloaded to the client's personal
computer, opened in most types of spreadsheet software,
and processed using the full range of spreadsheet functions.
Files include multiple spreadsheets in cases where estimates
are available for more than one area within a region
and for time periods where the account format, regional
definitions, and/or survey base year have changed. Users
can choose among multiple spreadsheets in a file by selecting
the
tabs
displayed
at the bottom of the spreadsheets.
Glossary
Check the Glossary
for explanations of the economic concepts used throughout
commodity costs and returns.
Contacts
William McBride
(team leader, hogs, milk, cow-calf)
Mir Ali (wheat,
barley, oats, cost-of-production
forecasts)
Linda Foreman
(corn, cotton, rice)
Nora Brooks
(soybeans, grain sorghum, peanuts)
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