The graph below was created using Google’s graph
tool.
The line graph shows the total cost (variable and
fixed) per acre, per year, to grow wheat, from 2000 to 2010. The cost data is an average cost across the
United States.
The cost data was obtained from a US Department of
Agriculture website. You can gain access
to this data by clicking here. Costs for
each expense that make up the variable (e.g. chemicals, seeds, etc.) and fixed
(e.g. land, etc.) are itemized. This
Department of Agriculture website has similar cost data for other commodities,
e.g. corn, soybeans, etc. Also, the
website presents other economic data relevant to agriculture.
The average cost to grow wheat on an acre increased
approximately 5.9 % per year.
You and I come by road or rail, but economists travel on infrastructure.
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