US Soybean Production Costs Have Climbed More Than +150% Since 1997
From 1997 to 2018, soybean seeding rates decreased from over 200,000 seeds per acre to about 157,000 seeds per acre, according to data compiled by Bryn Swearingen and Kate Vaiknoras at USDA’s Economic Research Service (ERS). At the same time, soybean seeds and other production costs have skyrocketed. According to Swearingen and Vaiknoras, U.S. farmers …
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