In 2014 and 2015 average total inputs costs divided by yields were higher than the average market price received by farmers in Minnesota who are part of the Adult Farm Management program. Farmers are not able to control market prices but are able to set up a marketing plan to take advantage of when favorable prices are available. Farmers are able to have control of input costs. The two charts in this article are figures from FINBIN data base in a benchmark reports for soybean and corn.
Chart 1 lists 2015 Soybean Input costs by Median value, average of the bottom 10% compared to average of top 10% and then lists the difference between the top and bottom 10%.
Chart 1. 2015 Top Verses Bottom 10% of Soybean Input Costs