April 1999
| 1999 WHEAT PRODUCTION BUDGET 1 Grain and Straw Harvested |
|||||||||||||
| ITEM | EXPLANATION |
PRICE |
UNIT |
YIELD (bu/A) |
YOUR BUDGET | ||||||||
| 45 | 60 | 75 | |||||||||||
| RECEIPTS | |||||||||||||
| Wheat (Grain Only) | - | $2.25 | /bu | $101 | $135 | $169 | - | ||||||
| VARIABLE COSTS | |||||||||||||
| Seed | 120 lbs. | 0.20 | /lb |
24 | 24 | 24 | |||||||
| Fertilizer 2 | |||||||||||||
| N (lbs.) | 30 | 60 | 80 | 0.23 | /lb | 7 | 14 | 18 | |||||
| P2O5(lbs) | 30 | 40 | 45 | 0.28 | /lb | 8 | 11 | 13 | |||||
| K2O(lbs) | 35 | 40 | 45 | 0.13 | /lb | 5 | 5 | 6 | |||||
| Lime(lbs) | 1000 |
14 | /ton | 7 | 7 | 7 | |||||||
| Chemicals 3 | 7 | 7 | 7 | ||||||||||
| Trucking - Fuel Only | 0.03 | /bu | 1 | 2 | 2 | ||||||||
| Fuel, Oil, Grease | 8 | 9 | 9 | ||||||||||
| Repairs | 5 | 6 | 7 | ||||||||||
| Miscellaneous 4 | 12 | 13 | 14 | ||||||||||
| Int. on Oper. Cap. 5 | 8 mo. | 9.0 | % | 5 | 6 | 6 | |||||||
| Hired Labor 6 | 0 | 0 | 0 | ||||||||||
| TOTAL VARIABLE COSTS | -Per Acre | - | 89 | 104 | 113 | - | |||||||
| -Per Bushel | - | 1.98 | 1.73 | 1.51 | - | ||||||||
| FIXED COSTS | |||||||||||||
| Labor Charge 6 | 2.0 | hours | 7.50 | /hr | 15 | 15 | 15 | ||||||
| Mach. And Equip. Charge 7 | 47 | 47 | 47 | ||||||||||
| Land Charge 8 | Rent | 70 | 85 | 100 | |||||||||
| Management Charge | 5% of Gross | 5 | 7 | 8 | |||||||||
| TOTAL FIXED COSTS | - | 137 | 154 | 170 | - | ||||||||
| TOTAL COSTS | - | -Per Acre | - | - | 226 | 257 | 284 | - | |||||
| - | -Per Bushel | - | - | 5.02 | 4.29 | 3.78 | - | ||||||
| RETURN ABOVE VARIABLE COSTS | - | 12 | 31 | 55 | - | ||||||||
| RETURN ABOVE TOTAL COSTS | - | - | (125) | (122) | (115) | - | |||||||
----------------------------------------------------------------------------------------------------------------- |
|||||||||||||
| Reciepts (Straw Only) | 1.5 ton/A | $60 ton/A |
- | $90 | - | - | |||||||
| VARIABLE COSTS (Straw Only) | |||||||||||||
| Fuel, Oil, Grease | 2 | ||||||||||||
| Repairs | 3 | ||||||||||||
| Miscellaneous | 4 | ||||||||||||
| Hired Labor 6 | |||||||||||||
| TOTAL VARIABLE COSTS - Per Acre (Per Ton) | -- | - | 9 | 6 | - | ||||||||
| FIXED COSTS (Straw Only) | |||||||||||||
| Labor Charge 6 | 1.5 hours |
7.50/hr |
11 | ||||||||||
| Mach & Equip. Charge | 15 | ||||||||||||
| Management Charge | 5% of gross |
5 | |||||||||||
| TOTAL FIXED COSTS | - | - | - | 31 | - | -- | |||||||
| TOTAL COSTS (Straw Only) -Per Acre (Per Ton) | - | - | 40 | 27 | - | ||||||||
| RETURN ABOVE VARIABLE COSTS (Straw Only) | - | 81 | - | - | |||||||||
| RETURN ABOVE TOTAL COSTS (Straw Only) | - | 50 | - | - | |||||||||
1. Does not include costs or returns for storage of grain or government programs. 2. Assumes only maintenance application of fertilizer needed, soil test values of 20 PPM P/A and 125 PPM K/A, and 20 CEC. If straw is removed: P2O5: 30,45, 55; K20:75,95,115. 3. Based on use of 2,4-D (1 pt. @ $2.90/qt.) and Banvel (1/4 pt. @ $21.27/qt.). 4. Includes supplies, utilities, soil tests, small tools, crop insurance, etc... 5. Interest on all variable costs, except drying and trucking, for 8 months at 9% interest rate. 6. 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. 7. Reflects 1000 acres, conventional tillage. See Table 1 for discussion on how to fit to your situation. 8. Average based on 1996 data. Land charges vary throughout the state, check your local rates. |