Table 1. Farm characteristics and cost and return estimates from a sample of 32 corn producers in the Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 2,567 2,541 100 15,000 Cropland acres operated 2,211 1,347 100 5,500 Cropland acres owned 580 1,332 0 7,000 Cropland acres rented 1,700 1,344 0 4,925 Corn acres operated 442 426 20 2,450 Corn acres owned 159 456 0 2,450 Corn acres rented 283 226 0 850 Corn acres irrigated 173 191 0 850 Field size (acres) 68 46 7 229 Yield (bu/A) 94.50 45.64 5.00 180.00 Revenue(@ $3.40/bu) 321.31 155.19 17.00 612.00 Selected Variable Cost Items: Fertilizers $44.60 $8.34 $24.63 $65.10 Custom harvest/haul 22.94 11.60 0.00 66.00 Seed 22.72 3.49 11.39 51.62 Herbicides 22.37 14.62 1.28 43.19 Repairs & maintenance 16.03 5.79 5.11 31.00 Diesel fuel 11.29 5.10 3.08 24.92 Operator labor 6.61 1.65 2.70 10.90 Interest on op. capital 6.47 1.18 3.59 10.64 Overhead labor 5.95 1.48 2.43 9.81 Total variable cost 165.63 22.19 85.02 215.02 Machinery fixed cost 48.88 20.36 11.76 88.52 Variable + fixed cost 214.51 38.03 108.10 288.51 Land rent 64.00 13.93 35.00 120.00 Total specified cost 278.51 42.66 158.10 408.51 Net Revenue 42.79 144.20 -202.72 317.90 1See "Interpretation of Data" for more information about this table. Table 2. Farm characteristics and cost and return estimates from a sample of 19 corn producers, Brown Loam Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 1,947 1,444 250 6,400 Cropland acres operated 1,160 852 28 3,430 Cropland acres owned 450 504 0 2,000 Cropland acres rented 711 744 0 2,600 Corn acres operated 421 284 3 1,228 Corn acres owned 170 185 0 530 Corn acres rented 252 216 0 750 Corn acres irrigated 8 33 0 150 Field size (acres) 39 38 1 128 Yield (bu/A) 94.98 22.35 45.00 135.00 Revenue (@ $3.40/bu) 322.94 75.99 153.00 459.00 Selected Variable Cost Items: Fertilizers $59.15 $14.69 $27.07 $87.76 Seed 20.93 2.37 17.09 24.92 Custom harvest /haul 20.69 15.75 0.00 88.00 Repairs & maintenance 18.32 6.22 5.83 31.12 Herbicides 14.17 7.23 2.12 24.04 Diesel fuel 8.06 3.41 3.95 17.80 Operator labor 7.31 1.79 2.98 9.62 Overhead labor 6.58 1.62 2.68 8.66 Interest on op. capital 6.13 1.08 3.25 7.90 Total variable cost 164.75 27.20 92.01 210.43 Machinery fixed cost 40.47 17.19 14.01 87.10 Variable + fixed cost 205.22 38.29 129.71 291.96 Land rent 43.44 9.70 30.00 65.00 Total specified cost 248.66 37.87 171.85 334.10 Net revenue 74.27 74.02 -66.28 211.10 1See "Interpretation of Data" for more information about this table. Table 3. Farm characteristics and cost and return estimates from a sample of 37 corn producers, Coastal Plain and Black Belt Areas, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 995 950 43 4,300 Cropland acres operated 702 788 3 3,800 Cropland acres owned 225 320 0 1,475 Cropland acres rented 513 657 0 3,000 Corn acres operated 286 400 3 2,200 Corn acres owned 80 130 0 500 Corn acres rented 205 312 0 1,725 Corn acres irrigated 1 3 0 21 Field size (acres) 30 28 1 100 Yield (bu/A) 89.70 30.84 10.00 150.00 Revenue (@ $3.40/bu) 304.98 104.84 34.00 510.00 Selected Variable Cost Items: Fertilizers $58.59 $16.05 $7.88 $108.96 Seed 21.78 2.44 15.51 29.37 Herbicides 17.67 8.68 0.00 33.98 Repairs & maintenance 16.21 3.00 6.88 23.50 Custom harvest/haul 14.77 6.82 0.00 29.50 Interest on op. capital 6.17 1.54 3.18 10.84 Operator labor 6.15 1.50 3.14 10.83 Diesel fuel 5.76 1.53 3.03 10.81 Overhead labor 5.52 1.39 0.00 9.75 Total variable cost 160.43 22.90 92.37 211.29 Machinery fixed cost 33.63 6.84 17.66 77.79 Variable + fixed cost 194.07 24.98 110.13 285.77 Land rent 31.77 8.81 15.00 55.00 Total specified cost 225.84 25.50 141.13 316.77 Net revenue 79.14 91.71 -146.72 293.67 1See "Interpretation of Data" for more information about this table. Table 4. Farm characteristics and cost and return estimates from a sample of 25 cotton producers, Upper Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 1,664 1,753 40 6,220 Cropland acres operated 1,626 1,738 37 6,150 Cropland acres owned 191 510 0 2,523 Cropland acres rented 1,463 1,733 0 6,150 Cotton acres operated 645 797 16 3,566 Cotton acres owned 36 68 0 250 Cotton acres rented 609 816 0 3,566 Cotton acres irrigated 408 626 0 2,750 Field size (acres) 68 59 6 254 Lint yield (lb/A) 912.22 134.42 300.00 1,250.00 Lint revenue (@ $0.701/lb) 639.47 94.23 210.30 876.25 Seed revenue (@ $0.0595/lb) 93.05 13.71 30.60 127.50 Total revenue 732.51 107.94 240.90 1,003.75 Selected Variable Cost Items: Gin $72.98 $10.75 $24.00 $100.00 Insecticides 44.00 16.86 3.12 86.29 Herbicides 41.04 12.08 8.19 82.99 Repairs & maintenance 34.31 6.08 8.96 43.53 Fertilizers 34.07 17.06 0.00 50.56 Diesel fuel 19.58 5.42 5.99 27.92 Harvest aids 18.87 8.12 3.48 34.41 Custom spray 16.73 7.69 0.00 29.55 Operator labor 12.86 3.48 4.64 18.17 Custom harvest/haul 11.78 9.11 0.00 87.30 Overhead labor 11.57 3.13 4.17 16.36 Interest on op. capital 11.07 3.22 3.67 19.17 Seed 10.62 1.99 7.31 27.52 Total variable cost 356.47 56.88 158.26 440.65 Machinery fixed cost 88.73 16.93 20.63 115.47 Variable + fixed cost 445.20 63.98 215.09 537.30 Land rent 83.09 23.75 25.00 120.00 Total specified cost 528.29 79.23 285.09 634.95 Net Revenue 204.23 119.32 -77.62 474.57 1See "Interpretation of Data" for more information about this table. Table 5. Farm characteristics and cost and return estimates from a sample of 31 cotton producers, Lower Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 1,081 1,337 13 5,250 Cropland acres operated 1,011 1,224 13 4,250 Cropland acres owned 266 699 0 3,700 Cropland acres rented 858 1,471 0 6,800 Cotton acres operated 433 649 13 2,850 Cotton acres owned 132 422 0 2,350 Cotton acres rented 309 557 0 2,850 Cotton acres irrigated 68 206 0 1,100 Field size (acres) 42 25 9 130 Lint yield (lb/A) 758.57 174.47 150.00 1,536.00 Lint revenue (@ $0.701/lb) 531.75 122.30 105.15 1,076.74 Seed revenue (@ $0.0595/lb) 77.37 17.80 15.30 156.67 Total revenue 609.13 140.10 120.45 1,233.41 Selected Variable Cost Items: Gin $60.69 $13.96 $12.00 $122.88 Herbicides 31.18 16.35 7.25 109.16 Insecticides 31.10 20.92 0.00 120.81 Fertilizers 30.89 9.37 8.67 56.15 Repairs & maintenance 30.69 5.95 8.81 43.66 Custom harvest/haul 17.12 7.55 0.00 72.50 Diesel fuel 16.62 5.69 6.02 24.18 Harvest aids 14.61 8.62 0.00 36.72 Custom spray 14.23 9.36 0.00 45.00 Operator labor 13.74 2.95 6.58 25.58 Overhead labor 12.37 2.66 5.92 23.02 Technology fee 11.40 15.33 0.00 32.00 Interest on op. capital 9.25 2.47 4.36 15.71 Seed 9.20 1.72 6.02 15.00 Total variable cost 312.70 40.94 199.81 412.81 Machinery fixed cost 72.27 19.95 21.85 119.25 Variable + fixed cost 384.97 54.13 243.14 496.00 Land rent 75.90 5.95 20.00 120.00 Total specified cost 460.86 55.90 301.72 568.20 Net revenue 148.26 171.56 -443.34 742.43 1See "Interpretation of Data" for more information about this table. Table 6. Farm characteristics and cost and return estimates from a sample of 18 cotton producers, Brown Loam Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 1,303 1,545 85 7,000 Cropland acres operated 806 849 82 3,250 Cropland acres owned 203 284 0 900 Cropland acres rented 606 776 0 2,800 Cotton acres operated 356 327 30 1,322 Cotton acres owned 100 199 0 800 Cotton acres rented 256 294 0 1,322 Cotton acres irrigated 33 112 0 500 Field size (acres) 43 46 9 200 Lint yield (lb/A) 791.87 99.60 536.00 1,000.00 Lint revenue (@ $0.701/lb) 555.10 69.82 375.74 701.00 Seed revenue (@ $0.0595/lb) 80.77 10.16 54.67 102.00 Total revenue 635.87 79.98 430.41 803.00 Selected Variable Cost Items: Gin $63.35 $7.97 $42.88 $80.00 Herbicides 46.28 17.97 12.86 75.06 Insecticides 41.59 20.57 0.00 71.28 Fertilizers 40.09 22.19 10.24 73.83 Repairs & maintenance 32.86 4.59 25.57 41.18 Diesel fuel 15.04 4.02 9.01 21.12 Operator labor 14.90 2.06 11.72 21.00 Custom harvest/haul 14.45 4.51 0.00 20.00 Custom spray 13.82 11.75 0.00 31.00 Technology fee 13.49 15.80 0.00 32.00 Overhead labor 13.40 1.85 10.55 18.90 Harvest aids 12.39 4.82 4.08 20.37 Interest on op. capital 10.95 2.63 6.16 13.54 Seed 10.13 2.85 6.88 21.00 Total variable cost 361.30 67.42 260.72 453.98 Machinery fixed cost 74.12 16.99 53.55 109.16 Variable + fixed cost 435.42 79.47 314.27 540.72 Land rent 57.81 7.98 40.00 75.00 Total specified cost 493.23 78.09 369.27 595.72 Net revenue 142.65 75.36 -39.84 371.23 1See "Interpretation of Data" for more information about this table. Table 7. Farm characteristics and cost and return estimates from a sample of 22 cotton producers, Coastal Plain and Black Belt Areas, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 1,224 940 160 3,570 Cropland acres operated 1,011 905 150 3,450 Cropland acres owned 289 533 0 2,600 Cropland acres rented 727 799 0 3,050 Cotton acres operated 465 381 20 1,497 Cotton acres owned 132 150 0 700 Cotton acres rented 333 353 0 1,470 Cotton acres irrigated 11 36 0 150 Field size (acres) 28 20 3 70 Lint yield (lb/A) 803.03 120.92 225.00 1,100.00 Lint revenue (@ $0.701/lb) 562.93 84.76 157.72 771.10 Seed revenue (@ $0.0595/lb) 81.91 12.33 22.95 112.20 Total revenue 644.84 97.10 180.68 883.30 Selected Variable Cost Items: Gin $64.24 $9.67 $18.00 $88.00 Fertilizers 44.81 16.19 0.00 70.86 Herbicides 34.73 18.50 4.99 78.06 Repairs & maintenance 32.49 3.99 7.21 39.06 Technology fee 26.65 11.94 0.00 32.00 Insecticides 19.33 8.99 0.00 34.56 Custom harvest/haul 17.03 7.67 4.50 110.00 Operator labor 14.43 2.46 5.41 20.52 Overhead labor 12.95 2.37 0.00 18.46 Diesel fuel 11.10 1.77 7.00 15.40 Seed 10.69 1.58 8.00 15.00 Interest on op. capital 10.36 2.53 5.98 13.91 Harvest aids 7.20 4.49 0.00 18.23 Total variable cost 321.16 54.87 176.94 448.84 Machinery fixed cost 66.71 7.45 19.43 81.21 Variable + fixed cost 387.87 57.62 227.46 493.93 Land rent 56.86 5.63 30.00 80.00 Total specified cost 444.73 57.58 257.46 548.93 Net revenue 200.11 78.32 -186.30 411.07 1See "Interpretation of Data" for more information about this table. Table 8. Farm characteristics and cost and return estimates from a sample of 26 rice producers, Upper Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 1,973 1,466 200 5,202 Cropland acres operated 1,854 1,400 200 5,000 Cropland acres owned 785 1,308 0 5,000 Cropland acres rented 1,082 895 0 3,420 Rice acres operated 339 332 45 1,200 Rice acres owned 166 297 0 1,200 Rice acres rented 172 233 0 1,000 Field size (acres) 78 42 25 205 Rice yield (bu/A) 138.81 10.53 100.00 160.00 Revenue (@ $4.50/bu) 624.66 47.38 450.00 720.00 Selected Variable Cost Items: Dry $55.08 $4.09 $40.00 $64.00 Fertilizers 46.25 8.35 19.61 62.10 Herbicides 42.21 19.58 17.50 89.44 Repairs & maintenance 29.69 3.49 16.39 38.36 Diesel fuel 28.11 3.00 24.25 40.37 Seed 23.58 5.43 16.80 38.64 Operator labor 16.58 4.05 10.37 27.51 Custom fertilizer/lime 15.49 4.30 5.00 23.75 Overhead labor 14.92 3.64 9.33 24.76 Custom harvest/haul 14.52 5.63 10.00 55.00 Interest on op. capital 9.25 1.67 5.72 14.78 Custom spray 8.40 5.15 0.00 18.75 Total variable cost 314.94 34.21 254.77 412.33 Machinery fixed cost 66.64 7.63 40.72 92.00 Variable + fixed cost 381.58 38.49 314.35 504.33 Land rent 73.63 7.77 50.00 100.00 Total specified cost 455.22 42.34 387.53 577.51 Net revenue 169.45 63.87 -55.21 269.67 1See "Interpretation of Data" for more information about this table. Table 9. Farm characteristics and cost and return estimates from a sample of 22 rice producers, Lower Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 2,412 1,373 700 5,200 Cropland acres operated 2,374 1,357 700 5,200 Cropland acres owned 866 1,272 0 4,970 Cropland acres rented 1,570 1,311 0 4,500 Rice acres operated 393 225 70 1,090 Rice acres owned 218 424 0 1,850 Rice acres rented 228 189 0 601 Field size (acres) 88 37 25 152 Rice yield (bu/A) 131.40 14.69 101.00 170.00 Revenue (@ $4.50/bu) 591.31 66.09 454.50 765.00 Selected Variable Cost Items: Dry $53.38 $6.50 $40.40 $68.00 Fertilizers 46.86 13.31 0.00 60.15 Herbicides 41.85 17.19 12.39 73.87 Repairs & maintenance 25.80 3.40 15.02 31.46 Diesel fuel 25.22 2.10 22.05 29.28 Seed 24.95 3.41 18.90 31.50 Custom fertilizer/lime 19.88 11.19 0.00 54.00 Custom harvest/haul 17.33 13.73 10.10 70.70 Operator labor 13.62 3.36 9.14 20.63 Overhead labor 12.25 3.02 8.22 18.57 Custom spray 10.80 10.66 0.00 55.20 Interest on op. capital 8.68 1.93 6.21 14.24 Total variable cost 308.57 44.92 236.27 410.38 Machinery fixed cost 57.22 7.04 35.66 70.48 Variable + fixed cost 365.80 46.11 292.43 472.30 Land rent 70.16 9.01 40.00 85.00 Total specified cost 435.96 45.81 372.43 557.30 Net revenue 155.35 63.02 22.47 351.56 1See "Interpretation of Data" for more information about this table. Table 10. Farm characteristics and cost and return estimates from a sample of 32 soybean producers, Upper Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 989 1,136 34 4,800 Cropland acres operated 974 1,109 30 4,600 Cropland acres owned 168 353 0 1,736 Cropland acres rented 790 1,144 0 4,600 Soybean acres operated 494 487 15 1,800 Soybean acres owned 108 255 0 1,160 Soybean acres rented 386 496 0 1,800 Soybean acres irrigated 239 375 0 1,500 Field size (acres) 85 138 1 720 Yield (bu/A) 36.40 9.49 10.00 55.00 Revenue (@ $7.10/bu) 258.41 67.38 71.00 390.50 Selected Variable Cost Items: Herbicides $29.60 $17.64 $5.51 $85.05 Seed 18.40 6.81 8.40 35.40 Repairs & maintenance 16.03 4.52 3.04 25.39 Diesel fuel 10.93 4.14 2.54 16.27 Custom harvest/haul 7.93 4.00 1.60 33.08 Operator labor 7.35 2.40 1.55 12.92 Overhead labor 6.61 2.16 1.39 11.62 Interest on op. capital 3.71 0.90 1.98 6.60 Total variable cost 107.40 22.15 57.24 153.98 Machinery fixed cost 54.65 15.84 10.50 76.90 Variable + fixed cost 162.06 31.28 81.18 197.03 Land rent 46.03 12.88 20.00 78.00 Total specified cost 208.09 36.73 101.18 257.03 Net revenue 50.32 71.07 -131.80 243.78 1See "Interpretation of Data" for more information about this table. Table 11. Farm characteristics and cost and return estimates from a sample of 26 soybean producers, Lower Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 1,496 1,987 26 10,000 Cropland acres operated 1,441 1,986 26 10,000 Cropland acres owned 263 457 0 1,600 Cropland acres rented 1,191 1,992 0 10,000 Soybean acres operated 921 1,939 5 10,000 Soybean acres owned 148 329 0 1,600 Soybean acres rented 774 1,949 0 10,000 Soybean acres irrigated 77 188 0 800 Field size (acres) 139 378 1 2,000 Yield (bu/A) 27.05 7.38 6.00 48.00 Revenue (@ $7.10/bu) 192.09 52.41 42.60 340.80 Selected Variable Cost Items: Herbicides $29.23 $12.10 $7.34 $69.34 Seed 16.07 2.88 3.36 49.65 Repairs & maintenance 12.62 4.32 2.75 25.41 Custom harvest/haul 7.08 5.20 1.12 32.40 Diesel fuel 6.49 4.52 1.90 16.54 Operator labor 4.83 2.52 1.94 12.95 Overhead labor 4.35 2.27 1.74 11.65 Interest on op. capital 3.36 1.23 1.89 6.42 Total variable cost 88.69 24.77 52.78 148.48 Machinery fixed cost 32.26 18.75 6.47 77.62 Variable + fixed cost 120.95 41.89 59.25 215.73 Land rent 39.07 2.70 20.00 60.00 Total specified cost 160.02 42.04 89.25 255.73 Net revenue 32.07 43.36 -120.47 145.56 1See "Interpretation of Data" for more information about this table. Table 12. Farm characteristics and cost and return estimates from a sample of 20 soybean producers, Brown Loam Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 967 824 50 3,300 Cropland acres operated 739 715 40 2,800 Cropland acres owned 204 454 0 2,000 Cropland acres rented 541 513 0 1,700 Soybean acres operated 254 244 25 950 Soybean acres owned 54 78 0 250 Soybean acres rented 200 241 0 950 Soybean acres irrigated 0 0 0 0 Field size (acres) 37 29 7 110 Yield (bu/A) 31.89 8.95 18.00 45.00 Revenue (@ $7.10/bu) 226.38 63.51 127.80 319.50 Selected Variable Cost Items: Herbicides $27.66 $14.68 $0.00 $61.93 Seed 14.86 4.21 8.40 33.60 Repairs & maintenance 12.15 2.76 5.24 15.69 Custom harvest/haul 6.32 5.81 1.60 30.00 Fertilizers 5.43 7.78 0.00 29.85 Diesel fuel 4.91 1.98 0.72 7.46 Operator labor 4.88 1.78 1.15 9.65 Overhead labor 4.39 1.60 1.03 8.69 Interest on op. capital 3.46 1.06 1.27 5.43 Total variable cost 89.37 20.25 49.36 131.36 Machinery fixed cost 25.47 6.36 12.28 32.92 Variable + fixed cost 114.83 22.73 68.94 163.58 Land rent 37.55 8.53 17.00 65.00 Total specified cost 152.38 27.64 105.19 213.58 Net revenue 74.00 75.38 -71.58 191.63 1See "Interpretation of Data" for more information about this table. Table 13. Farm characteristics and cost and return estimates from a sample of 20 soybean producers, Coastal Plain Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 787 860 50 3,800 Cropland acres operated 610 678 28 2,800 Cropland acres owned 166 271 0 1,200 Cropland acres rented 444 471 0 1,650 Soybean acres operated 360 467 20 1,700 Soybean acres owned 84 174 0 800 Soybean acres rented 276 357 0 1,400 Soybean acres irrigated 0 0 0 0 Field size (acres) 47 80 5 375 Yield (bu/A) 31.92 6.53 20.00 48.00 Revenue (@ $7.10/bu) 226.62 46.37 142.00 340.80 Selected Variable Cost Items: Herbicides $30.81 $21.80 $6.32 $83.04 Seed 16.78 3.08 8.96 23.80 Repairs & maintenance 14.31 0.88 12.25 16.88 Fertilizers 13.11 13.90 0.00 35.75 Operator labor 6.41 1.30 4.29 9.98 Diesel fuel 5.90 1.08 3.88 10.56 Overhead labor 5.77 1.17 3.86 8.98 Custom harvest/haul 5.59 1.07 3.20 7.52 Interest on op. capital 4.21 1.52 2.09 7.58 Total variable cost 105.37 30.87 55.57 175.29 Machinery fixed cost 29.88 1.98 25.30 37.29 Variable + fixed cost 135.24 31.04 83.29 203.77 Land rent 32.44 8.55 10.00 50.00 Total specified cost 167.68 29.42 112.46 225.71 Net revenue 58.94 56.67 -71.00 164.29 1See "Interpretation of Data" for more information about this table. Table 14. Farm characteristics and cost and return estimates from a sample of 23 soybean producers, Black Belt Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 863 563 60 2,379 Cropland acres operated 658 483 39 1,749 Cropland acres owned 341 385 0 1,550 Cropland acres rented 354 388 0 1,250 Soybean acres operated 329 221 22 810 Soybean acres owned 165 190 0 704 Soybean acres rented 164 188 0 600 Soybean acres irrigated 0 0 0 0 Field size (acres) 53 44 6 165 Yield (bu/A) 31.05 6.23 15.00 45.00 Revenue (@ $7.10 bu) 220.45 44.25 106.50 319.50 Selected Variable Cost Items: Herbicides $18.47 $6.60 $8.58 $52.84 Seed 13.96 3.61 9.80 37.80 Repairs & maintenance 11.59 1.80 5.47 16.86 Custom harvest/haul 5.38 1.67 2.40 24.64 Fertilizers 5.05 9.54 0.00 29.46 Operator labor 4.67 1.35 2.45 11.12 Diesel fuel 4.34 1.65 1.85 9.69 Overhead labor 4.20 1.22 2.20 10.00 Interest on op. capital 2.65 0.79 1.56 6.12 Total variable cost 72.19 18.65 52.84 131.17 Machinery fixed cost 24.06 4.24 13.48 37.93 Variable + fixed cost 96.25 22.44 73.08 162.51 Land rent 29.45 0.88 15.00 35.00 Total specified cost 125.70 22.33 102.25 197.13 Net revenue 94.75 51.27 -62.60 211.22 1See "Interpretation of Data" for more information about this table. Table 15. Farm characteristics and cost and return estimates from a sample of 14 wheat producers, Upper Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 2,825 1,991 750 8,050 Cropland acres operated 2,718 1,996 750 8,000 Cropland acres owned 689 1,101 0 3,970 Cropland acres rented 2,029 1,953 0 8,000 Wheat acres operated 374 337 60 1,100 Wheat acres owned 94 218 0 850 Wheat acres rented 279 307 0 1,100 Field size (acres) 69 48 9 200 Wheat yield (bu/A) 56.06 10.36 25.00 75.00 Revenue (@ $4.35/bu) 243.86 45.07 108.75 326.25 Selected Variable Cost Items: Fertilizers $34.56 $7.99 $15.64 $56.80 Seed 17.80 4.36 9.60 24.00 Custom harvest/haul 12.87 8.94 3.50 28.60 Custom fertilizers/lime 9.41 3.19 0.00 14.06 Repairs & maintenance 7.82 2.46 3.91 11.35 Interest on op. capital 3.91 0.65 2.92 4.54 Diesel fuel 3.37 1.41 1.50 5.63 Operator labor 2.94 1.02 1.75 4.46 Herbicides 2.53 3.64 0.00 19.86 Overhead labor 2.41 0.84 1.43 3.66 Total variable cost 102.68 17.99 69.61 126.94 Machinery fixed cost 16.92 5.33 9.30 24.16 Variable + fixed cost 119.60 16.83 85.36 140.34 Land rent 48.13 7.09 30.00 57.00 Total specified cost 167.73 20.49 126.49 192.94 Net revenue 76.13 47.47 -17.74 178.20 1See "Interpretation of Data" for more information about this table. Table 16. Farm characteristics and cost and return estimates from a sample of 16 wheat producers, Lower Delta Area, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 2,525 2,162 225 7,440 Cropland acres operated 2,522 2,164 225 7,440 Cropland acres owned 308 570 0 1,670 Cropland acres rented 2,248 2,346 0 7,440 Wheat acres operated 363 460 25 2,006 Wheat acres owned 17 39 0 155 Wheat acres rented 346 471 0 2,006 Field size (acres) 47 19 1 81 Wheat yield (bu/A) 55.01 8.93 37.00 75.00 Revenue (@ $4.35/bu) 239.29 38.86 160.95 326.25 Selected Variable Cost Items: Fertilizers $29.39 $7.67 $12.03 $48.12 Seed 17.55 3.21 14.40 24.00 Custom harvest/haul 9.48 6.08 3.50 42.24 Custom fertilizers/lime 8.61 2.38 4.00 16.00 Repairs & maintenance 8.03 1.15 3.04 10.32 Interest on op. capital 3.09 0.44 2.58 4.75 Diesel fuel 2.46 0.42 1.31 3.76 Operator labor 2.41 0.36 1.73 3.50 Overhead labor 1.98 0.29 1.41 2.87 Total variable cost 87.79 11.50 63.28 135.15 Machinery fixed cost 16.39 2.32 5.86 21.29 Variable + fixed cost 104.18 10.95 82.19 141.01 Land rent 45.42 12.18 25.00 70.00 Total specified cost 149.60 14.12 130.14 179.60 Net revenue 89.69 40.85 14.64 168.05 1See "Interpretation of Data" for more information about this table. Table 17. Farm characteristics and cost and return estimates from a sample of 15 wheat producers, Brown Loam, Coastal Plain, and Black Belt Areas, 1996.1 Item Mean Std. Dev. Min. Max. Acres in operation 2,532 3,564 300 14,400 Cropland acres operated 1,948 2,816 260 11,420 Cropland acres owned 472 492 0 1,600 Cropland acres rented 1,476 2,906 0 11,420 Wheat acres operated 580 1,322 80 5,450 Wheat acres owned 106 97 0 400 Wheat acres rented 473 1,349 0 5,450 Field size (acres) 54 26 20 105 Wheat yield (bu/A) 49.89 8.05 35.00 70.00 Revenue (@ $4.35/bu) 217.00 35.01 152.25 304.50 Selected Variable Cost Items: Fertilizers $50.59 $18.82 $0.00 $89.53 Seed 18.91 2.69 11.20 22.40 Custom harvest/haul 8.79 2.11 5.60 13.30 Repairs & maintenance 8.20 1.54 7.31 13.40 Interest on op. capital 5.25 1.42 1.91 8.45 Herbicides 4.45 3.56 0.00 11.16 Custom fertilizers/lime 3.34 2.17 0.00 12.00 Custom plant 2.82 1.84 0.00 4.80 Custom spray 2.80 1.80 0.00 6.00 Operator labor 2.75 1.16 2.02 6.43 Diesel fuel 2.63 0.93 2.10 5.83 Overhead labor 2.25 0.95 1.65 5.27 Total variable cost 115.04 20.67 39.46 152.69 Machinery fixed cost 16.61 3.32 14.67 27.74 Variable + fixed cost 131.66 20.76 56.24 180.43 Land rent 45.13 5.22 30.00 50.00 Total specified cost 176.79 21.90 96.24 220.43 Net revenue 40.21 27.39 -21.66 84.07 1See "Interpretation of Data" for more information about this table.   Visit: DAFVM || USDA Search our Site || Need more information about this subject? 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