Comparison of AFPC Representative Grain Sorghum Farms Costs of Production to USDA-ERS Regional Estimates

The USDA-ERS develops and provides annual commodity costs and returns estimates for major agricultural commodities. USDA conducts surveys every four to eight years to determine production costs and returns for nine crops and three livestock enterprises. The surveys are typically administered as part...

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Bibliographic Details
Published in:Policy File 2011
Main Authors: Raulston, J Marc, Outlaw, Joe L, Richardson, James W
Format: Report
Language:English
Subjects:
Agricultural and Food Policy Center, Texas A and M University
Agriculture
Economic policy
Online Access:Request full text
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Summary:The USDA-ERS develops and provides annual commodity costs and returns estimates for major agricultural commodities. USDA conducts surveys every four to eight years to determine production costs and returns for nine crops and three livestock enterprises. The surveys are typically administered as part of the annual Agricultural Resource Management Survey (ARMS) and are intended to reflect costs experienced by agricultural producers. The 2010 historical grain sorghum cost and returns estimates developed by USDA are based on a survey base year of 2003 and have been adjusted annually using price indices and other indicators deemed appropriate by USDA to reflect annual changes between survey base years. Both regional and whole United States estimates are available. Forecasted costs and returns are also developed as a part of the USDA Baseline projections; however, these projections are only provided at the national level.