April 1999
|
1999 ALFALFA HAY PRODUCTION BUDGET Direct Seeding - 4 Year Stand 1 |
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| ITEM | EXPLANATION |
PRICE |
UNIT |
YIELD (ton/A) |
YOUR BUDGET | ||||||
| 3.0 | 4.5 2 | 6.0 | |||||||||
| RECEIPTS 3 | |||||||||||
| Alfalfa Hay | - | $110 | /ton | $330 | $495 | $660 | - | ||||
| VARIABLE COSTS | |||||||||||
| Seed 4 | 15 lbs. | 4.00 | /lb |
15 | 15 | 15 | |||||
| Fertilizer 5 | |||||||||||
| N (lbs.) | 0 | 0 | 0 | 0.23 | /lb | 0 | 0 | 0 | |||
| P2O5(lbs) | 40 | 60 | 80 | 0.28 | /lb | 11 | 17 | 22 | |||
| K2O(lbs) | 95 | 145 | 190 | 0.13 | /lb | 12 | 19 | 25 | |||
| Lime(lbs) | 750 |
14 | /ton | 5 | 5 | 5 | |||||
| Chemicals 6 | 27 | 27 | 27 | ||||||||
| Fuel, Oil, Grease | 8 | 9 | 10 | ||||||||
| Repairs | 7 | 7 | 7 | ||||||||
| Miscellaneous 7 | 16 | 17 | 18 | ||||||||
| Int. on Oper. Cap. 5 | 6 mo. | 9.0 | % | 5 | 5 | 6 | |||||
| Hired Labor 6 | 0 | 0 | 0 | ||||||||
| TOTAL VARIABLE COSTS | -Per Acre | - | 107 | 122 | 136 | - | |||||
| -Per Ton | - | 35.60 | 27.01 | 22.60 | - | ||||||
| FIXED COSTS | |||||||||||
| Labor Charge 9 | 6.5 | hours | 7.50 | /hr | 49 | 49 | 49 | ||||
| Mach. And Equip. Charge 10 | 50 | 50 | 50 | ||||||||
| Land Charge 11 | 70 | 85 | 100 | ||||||||
| Management Charge | 5% of Gross | 17 | 25 | 33 | |||||||
| TOTAL FIXED COSTS- | 185 | 209 | 232 | - | |||||||
| TOTAL COSTS | - | -Per Acre | - | - | 292 | 330 | 367 | - | |||
| - | -Per Ton | - | - | 97 | 73 | 61 | - | ||||
| RETURN ABOVE VARIABLE COSTS | - | 223 | 373 | 524 | - | ||||||
| RETURN ABOVE TOTAL COSTS | - | - | 38 | 165 | 293 | - | |||||
1. Does not include storage costs. 2. Assumes a 3 ton yield in seeding year; yields of approximately 3, 5, and 7 tons, respectively, in the following years; middle yield shown reflects weighted average. 3. Based on 86% DM alfalfa hay. 4. Expenses associated with seeding are prorated over the four-year stand life. 5. Annual application of maintenance fertilizer. 5-10 lb. of N. could be added at seeding. Soil test values of CEC=20, P=25 ppm, K=150 ppm. 6. Based on use of Baythroid (1. oz. @ $3.90/oz.), Poast (1 pt. @ $6.50/pt.), and Butyrac (2 qt. @ 8.50/qt.). An additional fall herbicide treatment may be necessary in some areas. Additional insect control may be necessary in some years. 7. Includes twine, other supplies, utilities, soil tests, small tools, crop insurance, etc... 8. Interest charged for 6 months at 9% interest rate. 9. Part or all of labor may be a variable cost if paid labor varies with acres farmed. It's a fixed cost if labor costs do not change with acres farmed. It's a fixed cost if labor costs do not change with acres farmed. 10. Reflects 1000 acres, conservation tillage. See Table 1 for discussion on how to fit to your situation. 11. Average based on 1996 data. Land charges vary throughout the state, check your local rates. |