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Wrapping it Up. The USDA cost of production estimates suggest that 2016 input costs will be similar to 2015. With prices at current levels, this would mean another challenging year for many farmers.or instance, at the estimated trend yield of 166 bushels per acre for corn the costs of production would be $4.11 per bushel. Using this approach soybeans and wheat come in at costs of $10.65 and $6.50 per bushel respectively.
The final 2015-16 national MYA price is now estimated at $3.65 per bushel, and the final 2014-15 MYA price was $3.70 per bushel. These lower annual corn MYA prices followed much higher corn MYA prices of $4.46 per bushel in 2013-14 and $6.89 per bushel in 2012-13. Based on the June 30. USDA acreage report, U.S. soybean acreage for 2016 will reach a record level of 83.7 million acres, with 83.0 million acres being harvested.