TABLE 7. Corn for grain, sprinkler-irrigated, budgeted per acre costs and returns for a 1,280 acre farm
with above average management, Union County, 2001.
Planting dates: April 15 - May 15
Harvesting dates: October 1 - November 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
CORN FOR GRAIN $2.00 200.00 BUSHELS $400.00
ASCS DEFICIENCY $0.26 200.00 BUSHELS $52.00
ASCS DIVERSION $0.00 0.00 BUSHELS $0.00
GRAZING $20.00 1.00 ACRE $20.00
_______
TOTAL $472.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ----------- ------ ------
SEED $0.98 26 000 $25.51 $25.51
NITROGEN (N) $0.42 220 LBS $92.40 $92.40
PHOSPHATE (P2O5) $0.39 70 LBS $27.30 $27.30
POTASSIUM (K-MAG) $0.21 300 LBS $63.00 $63.00
INSECTICIDE $13.77 3 ACRE $41.31 $41.31
HERBICIDE $20.66 1 ACRE $20.66 $20.66
LIVESTOCK FAC & EQUIP $5.00 $5.00
PUMP WATER* 34 AC. IN. $0.00
CROP INSURANCE $0.39 _______ _______ $0.39
SUBTOTAL $270.19 $5.00 $275.58
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- ------
DISC 185 HP 0.07 HR $0.53 $1.02 $0.68 $2.70 $4.92
CHISEL 185 HP 0.09 HR $0.68 $1.31 $0.43 $2.67 $5.08
DISC & SPRAY 185 HP 0.10 HR $0.76 $1.45 $1.18 $4.70 $8.08
PLANTER 126 HP 0.12 HR $0.91 $1.12 $1.49 $4.79 $8.30
ROLLING CULT (2X) 126 HP 0.20 HR $1.51 $1.86 $1.46 $3.45 $8.28
SIDEDRESS 185 HP 0.17 HR $1.28 $2.47 $0.69 $4.53 $8.97
IRRIGATE (16X) 1.60 HR $10.80 $94.24 $25.33 $34.19 $164.57
_________ ______ ______ ______ ______ _______
SUBTOTAL 2.35 HR $16.46 $103.47 $31.25 $57.02 $208.21
HARVEST OPERATIONS
------- ----------
COMBINE CORN HEAD 0.20 HR $1.51 $2.48 $5.48 $29.87 $39.34
GRAIN CART 93 HP 0.20 HR $1.51 $1.88 $0.56 $2.11 $6.06
TRUCK SEMI 0.20 HR $1.51 $3.34 $2.59 $7.94 $15.38
_________ _______ ______ ______ ______ ______ _______
SUBTOTAL 0.60 HR $0.00 $4.53 $7.70 $8.64 $39.92 $60.79
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.30 HR $2.23 $2.23
EMPLOYEE BENEFITS $3.78 $3.78
INSURANCE $0.42 $0.42
LAND TAXES $0.25 $0.25
SUPERVISION AND MANAGEMENT $36.28 $36.28
OTHER EXPENSES $29.89 $29.89
_________ _______ ______ _______ _______
SUBTOTAL 0.30 HR $30.31 $42.29 $0.25 $72.84
--------- -------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 3.25 HR $300.50 $63.28 $111.18 $39.89 $102.19 $617.42
NET OPERATING PROFIT ($145.42)
INTEREST ON OPERATING CAPITAL ( $170.33 @ 9.00%) $15.33
INTEREST ON EQUIPMENT INVESTMENT $42.20
RETURN TO LAND AND RISK ($202.94)
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* Pump water costs are shown under irrigation in the preharvest operations section
BUDGET SUMMARY
GROSS RETURN $472.00 VARIABLE OPERATING EXPENSES $451.56 RETURN OVER VARIABLE EXPENSES $20.44 (GROSS MARGIN) FIXED EXPENSES $102.19 NET FARM INCOME ($81.75) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $63.28 NET OPERATING PROFIT ($145.02) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $57.53 RETURN TO LAND AND RISK ($202.55) ===================================================================================================