TABLE 5. 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) $0.12 300 LBS $34.50 $34.50
INSECTICIDE $19.52 3 ACRE $58.56 $58.56
HERBICIDE $26.84 1 ACRE $26.84 $26.84
LIVESTOCK FAC & EQUIP $5.00 $5.00
PUMP WATER* 34 AC. IN.
CROP INSURANCE $0.28 _______ _______ $0.28
SUBTOTAL $265.11 $5.00 $270.39
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 $0.47 $1.82 $3.83
CHISEL 185 HP 0.09 HR $0.68 $1.31 $0.69 $1.79 $4.46
DISC & SPRAY 185 HP 0.10 HR $0.76 $1.45 $0.95 $3.07 $6.23
PLANTER 126 HP 0.12 HR $0.91 $1.19 $1.69 $2.25 $6.04
ROLLING CULT (2X) 126 HP 0.20 HR $1.51 $1.98 $1.16 $2.65 $7.30
SIDEDRESS 185 HP 0.17 HR $1.28 $2.47 $1.15 $3.02 $7.92
IRRIGATE (16X) 1.60 HR $10.64 $99.57 $25.33 $40.31 $175.86
_________ ______ ______ ______ ______ _______
SUBTOTAL 2.35 HR $16.30 $108.99 $31.45 $54.90 $211.63
HARVEST OPERATIONS
------- ----------
COMBINE CORN HEAD 0.20 HR $1.51 $2.48 $1.30 $20.28 $25.57
GRAIN CART 93 HP 0.20 HR $1.51 $1.88 $0.18 $0.85 $4.42
HAUL SEMI 0.20 HR $1.51 $3.34 $3.10 $5.57 $13.52
_________ ______ ______ ______ ______ ______ _______
SUBTOTAL 0.60 HR $0.00 $4.53 $7.70 $4.59 $26.69 $43.51
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.30 HR $2.23 $2.23
EMPLOYEE BENEFITS $3.75 $3.75
INSURANCE $0.42 $0.42
LAND TAXES $0.25 $0.25
SUPERVISION AND MANAGEMENT $36.28 $36.28
OTHER EXPENSES $25.83 $25.83
_________ ______ ______ _______ _______
SUBTOTAL 0.30 HR $26.25 $42.26 $0.25 $68.75
--------- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 3.25 HR $291.36 $63.09 $116.69 $36.04 $86.83 $594.29
NET OPERATING PROFIT ($122.29)
INTEREST ON OPERATING CAPITAL ( $176.20 @ 9.00%) $15.86
INTEREST ON EQUIPMENT INVESTMENT $33.02
RETURN TO LAND AND RISK ($171.16)
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* Pump water costs are shown under irrigation in the preharvest operations sections.
BUDGET SUMMARY
GROSS RETURN $472.00 VARIABLE OPERATING EXPENSES $444.09 RETURN OVER VARIABLE EXPENSES $27.91 (GROSS MARGIN) FIXED EXPENSES $86.83 NET FARM INCOME ($58.92) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $63.09 NET OPERATING PROFIT ($122.01) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $48.88 RETURN TO LAND AND RISK ($170.88) ===================================================================================================