Format | |
---|---|
BibTeX | |
MARCXML | |
TextMARC | |
MARC | |
DublinCore | |
EndNote | |
NLM | |
RefWorks | |
RIS |
Files
Abstract
Results from long-term experimental trials suggest that similar yields
and lower costs are possible with organic compared to conventional
soybeans, but there is little information about the relative costs and
returns on commercial farms. This study examines the profitability of
commercial soybean production using a nationwide survey of soybean
producers for 2006 that includes a targeted sample of organic growers.
Treatment-effect models are specified to isolate the impact of choosing
the organic approach on various levels of soybean production costs.
Organic soybean costs range from about $1 to $6 per bushel higher than
those for conventional soybeans due to both lower yields and higher
per-acre costs, while the average organic price premium in 2006 is more
than $9 per bushel. High returns to organic production are attributed
to the significant price premiums paid for organic soybeans in 2006, and
these price premiums have remained high in 2007 and 2008. However, much
higher conventional soybean prices and increased fuel prices may have
reduced the incentive for planting organic soybeans.