Financial Performance of Specialized Corn-Soybean Farms, 1987

摘要

Specialized corn-soybean farms, those with at least 50% of their production valuefrom corn and soybeans and with at least $40,000 in gross revenue, fared better financially in 1987 than farms specializing in most other types of commodities. Specialized corn-soybean farms accounted for 56% of all corn sales and 59% of all soybean sales in the United States. Small specialized farms with gross revenue between $40,000 and $100,000 had the least favorable costs and returns structure. Production was concentrated in five adjoining areas: the western Corn Belt, the eastern Corn Belt, the Northern Plains, the Lake States, and the South. Specialized corn-soybean farms in the Northern Plains showed the highest net returns and lowest costs.