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Preferred Term:

production costs

The sum, measured in dollars, of all purchased inputs and other expenses necessary to produce farm products. Cost of production statistics may be expressed as an average per animal, per acre, or per unit of production (bushel, pound, or hundredweight) for all farms in an area or in the country.
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Entry Terms:
  • production expenses
  • cost of production
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RDF/XMLCreated 2006-01-19, last modified 2018-02-27