Soybeans - Organic Enterprise
Budget
|
Revenue
|
Revised Jan 2011
Sample cost
per Acre |
Your Farm Budget |
|
Expected Yield (bu/ac)
|
30.00
|
|
|
Expected Price ($/bu)
|
18.50
|
|
|
Total Expected Revenue (Yield x Price)
|
|
|
|
add: Program Payment
|
|
|
|
Total Revenue
|
|
|
|
Expenses
|
Revised Jan 2011
Sample cost
per Acre
|
Your Farm Budget |
|
Seed - 180,000 seeds/acre in 21 - 30" rows*
|
56
|
|
|
Seed Treatment/Inoculant
|
2
|
|
|
Fertilizer #1 Manure/compost
|
|
|
|
Fertilizer #2
|
|
|
|
Fertilizer #3
|
|
|
|
Herbicides - Annual grasses and broadleaf weeds
|
|
|
|
Herbicides - other weed control
|
|
|
|
Herbicides - other weed control
|
|
|
|
Insecticides
|
|
|
|
Fungicides
|
|
|
|
Crop Insurance
|
21
|
|
|
Program Premium
|
|
|
|
Custom Work - #1 Pesticide application
|
|
|
|
Custom Work - #2 Fertilizer application
|
|
|
|
Custom Work - #3
|
|
|
|
Drying
|
8
|
|
|
Storage
|
7
|
|
|
Trucking
|
7
|
|
|
Marketing Fees
|
1
|
|
|
Certification fees
|
3
|
|
|
Other - Soil maintenance (cover crop, fallow, etc.)
|
50
|
|
|
Fuel
|
25
|
|
|
Mach. Repair & Maint.
|
25
|
|
|
Bldg. Repair & Maint.
|
|
|
|
Labour
|
80
|
|
|
General Variable Costs
|
|
|
|
Interest on Operating Capital
|
5
|
|
|
Total Variable Costs
|
290
|
|
|
Fixed Costs
|
Revised Jan 2011
Sample cost
per Acre |
Your Farm Budget |
|
Depreciation
|
46
|
|
|
Interest on Term Loans
|
24
|
|
|
Land Costs
|
|
|
|
Long-Term Leases
|
|
|
|
General Fixed Costs (see below to allocate general
costs)
|
18
|
|
|
Total Fixed Costs
|
88
|
|
|
Total Expenses
|
378
|
|
Breakeven Price on Your Farm Is (Total Expenses/Expected Yield)
Allocation of General Variable and Fixed Costs
General Variable and Fixed Costs or general overhead costs are those
whole farm costs that can be difficult to allocate to a specific enterprise.
These costs will show little or no change whether one crop or another
is grown. That is to say, your crop mix choice should be the same after
allocating general overhead costs as it was before they were added. This
table allows you to allocate these overhead costs and transfer them to
the budget to arrive at a total cost of production.
| Cost Item |
Whole Farm $ |
Percent Allocated to Soybeans |
Total Dollars Allocated to Soybeans |
Per Acre Costs for Soybeans |
Your Farm Budget |
|
$1500.00
|
20%
|
$300.00
|
$3.00
|
|
|
$
|
Soybeans
|
Soybeans
|
Soybeans
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
Transfer General Cost totals to the Budget
