000006449 001__ 6449 000006449 005__ 20210819131431.0 000006449 0247_ $$2doi$$a10.22004/ag.econ.6449 000006449 037__ $$a382-2016-22388 000006449 041__ $$aeng 000006449 245__ $$aThe Profitability of Organic Soybean Production 000006449 260__ $$c2008 000006449 269__ $$a2008 000006449 270__ $$mwmcbride@ers.usda.gov$$pMcBride, William D. 000006449 270__ $$mcgreene@ers.usda.gov$$pGreene, Catherine 000006449 300__ $$a26 000006449 336__ $$aConference Paper/ Presentation 000006449 490__ $$aSelected Paper 000006449 490__ $$a465035 000006449 520__ $$aResults 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. 000006449 546__ $$aEnglish 000006449 650__ $$aCrop Production/Industries 000006449 700__ $$aMcBride, William D. 000006449 700__ $$aGreene, Catherine R. 000006449 8564_ $$91700d28c-41b8-4dcf-83a6-995a651778c3$$s127713$$uhttps://ageconsearch.umn.edu/record/6449/files/465035.pdf 000006449 887__ $$ahttp://purl.umn.edu/6449 000006449 909CO $$ooai:ageconsearch.umn.edu:6449$$pGLOBAL_SET 000006449 912__ $$nSubmitted by Molly Neil (neilx018@umn.edu) on 2008-05-05T18:42:29Z No. of bitstreams: 1 465035.pdf: 127108 bytes, checksum: 2d6e236dfea8e4d55708df483fc40b32 (MD5) 000006449 912__ $$nMade available in DSpace on 2008-05-05T18:42:30Z (GMT). No. of bitstreams: 1 465035.pdf: 127108 bytes, checksum: 2d6e236dfea8e4d55708df483fc40b32 (MD5) Previous issue date: 2008 000006449 913__ $$aLicense granted by Molly Neil (neilx018@umn.edu) on 2008-05-05T18:40:49Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (“Work”). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (“University”), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author's Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000006449 980__ $$a382 000006449 982__ $$gAmerican Agricultural Economics Association>2008 Annual Meeting, July 27-29, 2008, Orlando, Florida