@article{McBride:6449,
      recid = {6449},
      author = {McBride, William D. and Greene, Catherine R.},
      title = {The Profitability of Organic Soybean Production},
      address = {2008},
      number = {382-2016-22388},
      series = {Selected Paper},
      pages = {26},
      year = {2008},
      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.},
      url = {http://ageconsearch.umn.edu/record/6449},
      doi = {https://doi.org/10.22004/ag.econ.6449},
}