Cost of Grain Corn Production – 1972

The 2013 Manitoba Agronomists Conference was held December 11 and 12:   http://umanitoba.ca/faculties/afs/agronomists_conf/program.html.

The Plenary Session theme was “Corn & Soybeans – Is Manitoba the New Iowa?”.   I was tasked with providing a historical perspective of grain corn and soybean production in Manitoba.  I was looking through some of my files and found a publication by the Manitoba Corn Committee called “Field Corn in Manitoba”.  It was published in the early 1970’s as I found a “Cost of Corn Production 1972” table (see below).  If someone has a cost of production for wheat back in 1972, that would make for an interesting comparision!

Along with the cost of production, here is an excerpt from the publication.  “Profitable corn production requires more in terms of cultural practices than other grain crops or small oilseeds.  The need for improved hybrids, large amounts of fertilizer, more seed per acre, weed and insect control, and specialized machinery all add to a higher cost of production per acres than most other crops.  The cost of production in an important factor to consider by a new producer in deciding how much corn to plant.”

As Jean-Baptiste Alphonse Karr said, “The more things change, the more they stay the same.”

 

TABLE 1:  COST OF GRAIN CORN PRODUCTION 1972

OPERATING COST
Seed $5.85
Fertilizer $13.45
Sprays $4.06
Drying $6.21
Crop Insurance $1.73
Machinery Repairs & fuel $7.52
Labor ($3.40 / hr) $7.60
Misc. $2.72
TOTAL OPERATING COST $49.14
FIXED COST
Taxes $2.00
DEPRECIATION
Building $0.90
Machinery $5.59
INVESTMENT COST (7%)
Building $0.70
Machinery $2.41
Land $9.00
TOTAL FIXED COST $20.60
TOTAL COST PER ACRE $69.74

 

 

Submitted by Pam de Rocquigny, Provincial Cereal Crops Specialist, MAFRD

 

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