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Fertilizer and Fuel Farm Budget Report

November 1, 2012
By: Davis Michaelsen, Pro Farmer Inputs Monitor Editor

USDA Economic Research Service has released data pertaining to annual farm production costs. The figures outline how fertilizer and fuel figure into the annual production budget on the farm. Figures are offered for corn, beans, wheat and oats in the years 2010, 2011, 2012 Forecast (2012F) and 2013 Forecast (2013F). The tables below are valuable tools when considering how much one should expect to pay on Fertilizer and Fuel for the four major crops.

The results showed a strong trend toward the upside gaining around 25% for all four crops between 2010 and 2011. 2012F production costs increased by a more reasonable 1.3% and is expected to fall 3.9% between 2012 and 2013F.

 

Corn
2010
2011
2012F
2013F
Fertilizer costs
$112.03
$147.36
$136.46
$129.23
Fuel costs
$25.08
$32.42
$45.86
$45.94
Total (Fertilizer and Fuel)
$137.11
$179.78
$182.32
$175.17
% change year-over
NA
+23.0%
+1.3%
-3.9%
% of Total Operating Costs Accounted for by Fertilizer and Fuel
47.8%
54%
55%
53.4%
% of Total Production Costs Accounted for by Fertilizer and Fuel
25%
29%
30%
29%
Soybeans
2010
2011
2012F
2013F
Fertilizer costs
$17.87
$22.84
$23.84
$22.91
Fuel costs
$16.81
$20.98
$21.92
$22.18
Total (Fertilizer and Fuel)
$34.68
$43.82
$45.76
$45.09
% change year-over
NA
+20.8%
+4.2%
-1.4%
% of Total Operating Costs Accounted for by Fertilizer and Fuel
27%
32%
32%
31%
% of Total Production Costs Accounted for by Fertilizer and Fuel
9.1%
11.05%
11%
11%
Wheat
2010
2011
2012F
2013F
Fertilizer costs
32.56
44.32
44.87
43.13
Fuel costs
15.36
18.71
20.27

20.51

Total (Fertilizer and Fuel)
47.92
63.03
65.14
63.64
% change year-over
NA
+23.9%
+3.2%
-2.3%
% of Total Operating Costs Accounted for by Fertilizer and Fuel
47%
52.3%
52%
51%
% of Total Production Costs Accounted for by Fertilizer and Fuel
19%
22.06%
22.1%
21.4%
Oats
2010
2011
2012F
2013F
Fertilizer costs
$36.48
$47.68
$48.27
$46.40
Fuel costs
$19.38
$24.36
$25.05
$25.34
Total (Fertilizer and Fuel)
55.86
72.04
73.32
71.74
% change year-over
NA
+28.9%
+1.7%
-2.2%
% of Total Operating Costs Accounted for by Fertilizer and Fuel
58%
23.3%
63.4%
62.3%
% of Total Production Costs Accounted for by Fertilizer and Fuel
18%
21.3%
21.18%
20.5%

 

 

 

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RELATED TOPICS: Inputs

 
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COMMENTS (2 Comments)

James Ostlie - Northwood, ND
I like to see 4 years of information to look at. This could be made better by adding more years to it.​
8:42 PM Nov 5th
 
James Ostlie - Northwood, ND
I like to see 4 years of information to look at. This could be made better by adding more years to it.​
8:42 PM Nov 5th
 



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