Extension/Research Information

Ohio Enterprise Budgets

Ohio State University Extension
Department of Agricultural, Environmental, and Development Economics
The Ohio State University


1999 POPCORN PRODUCTION BUDGET
Conventional Tillage Practices


-

ITEM

-

EXPLANATION

PRICE PER

-----------YIELD (lbs./A)--------

YOUR

- - - - - -

UNIT

2600

3400

4200

BUDGET

RECEIPTS 1

Popcorn

$10.00

/cwt

$260

$340

$420

VARIABLE COSTS

Seed

10

lb.

2.50

/lb.

25

25

25

Fertilizer 2

N (lbs.)

80

120

120

0.23

/lb.

18

28

28

P2O5(lbs.)

15

20

20

0.28

/lb.

4

6

6

K2O(lbs.)

35

40

50

0.13

/lb.

5

5

7

Lime(lbs.)

2000

14

/ton

14

14

14

Pesticides 3

25

25

25

Fuel, Oil, Grease

11

11

11

Repairs

19

19

19

Miscellaneous 4

13

13

13

Int. on Oper. Cap. 5

6

mo.

9.0%

5

5

5

TOTAL VARIABLE COSTS

-Per Acre

139

151

152

-Per Cwt

5.35

4.44

3.62

FIXED COSTS

Operator Labor Charge

3

hours

7.50

/hr

23

23

23

Mach. And Equip. Charge

57

57

57

Land Charge

Rent

35

70

105

Management Charge

5% of Gross

13

17

21

TOTAL FIXED COSTS

128

167

206

TOTAL COSTS

-Per Acre

267

317

358

-Per Cwt

10.26

9.33

8.52

RETURN ABOVE VARIABLE COSTS

121

189

268

RETURN ABOVE TOTAL COSTS

(7)

23

62


1

Price and yield for shelled corn grown under contract. Some contracts price corn based on a formula related to

field corn price (e.g. corn futures x 3.6 + $0.35 =$/cwt)

2

Assumes only maintenance application of fertilizer needed.

Recommendations based on yield potential of preceding crop.

3

Consult current OSU Bulletin 789 for specific recommendations.

4

Includes supplies, utilities, soil tests, small tools, etc...

5

Interest on all variable costs for 5 months at 9% interest rate.


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