We present a measurement of Z^0 boson and Drell-Yan production cross sections in pbar p collisions at sqrt s = 1.8 TeV using a sample of 107 pb^-1 accumulated by the Collider Detector at Fermilab (CDF). The Drell-Yan cross section is measured in the mass range of M_mu mu > 40 GeV/c^2. We compare the measurements with the predictions of Quantum Chromodynamics in both leading order and next-to-leading order, incorporating the recent parton distribution functions. The measurements are consistent with the Standard Model expectations.