2016 Fall Farm

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2016 Logan County Fall Farm Outlook Magazine Lincoln Daily News Oct. 27, 2016 31
Returns above
economic costs
($ per acre)
51 to 66
-9 to -2
22 to 41
Economic costs
($ per acre)
83 to 98
55 to 62
106 to 125
Economic costs
($ per bushel)
1.92 to 2.27
3.90 to 4.46
6.62 to 7.81
Crop
Corn
Wheat
Soybeans
Source: USDA, Economic Research Service calculations
using Agricultural Resource Management Survey data and
include production cost differences plus organic transition
and certification costs. The range of costs and returns was
generated from alternative statistical methods.
Additional economic research and analysis figures in
2015 show organic corn and soybean production had
higher returns than traditional corn and beans.
Organic production costs are higher than conventional
costs, but higher prices received for organic crops
more than offset the higher costs for organic corn and
soybeans, although not for organic wheat
Difference between organic and conventional
While organic wheat profitability remains low, field to
table marketers are excited by new hybrid wheat with
higher nutrient and protein values, as well as plans to
develop hub (localized) stone grinding. Wheat would
likely gain a new standing in the local organic feed
and food markets and become profitable in the near
future.
Data compiled from USDA reports by Jan Youngquist
Resources:
Illinois Organic Growers | Association
Iroquois Valley Farms
Legacy of the Land
Illinois Stewardship Alliance | Local Food
Matters
PrairiErth
Despite Profit Potential, Organic Field Crop
Acreage Remains Low
The Profit Potential of Certified Organic