Publication 60—Spring Canola

Spring Canola

Operating Expenses (costs based on projected yield of 0.91 tonne/acre (2,000 lb/acre))	Herbicide Tolerant Sample Costs/Acre	Your Farm Budget
Seed - 5 lb/acre - hybrid, treated	61.85
Fertilizer - 120 kg/ha N (210 kg/ha Urea + 112 kg/ha ammonium sulphate)1	77.10
Fertilizer - 20 kg/ha P	9.65
Fertilizer - 20 kg/ha K	9.40
Herbicide - Preplant, incorporated
Herbicide - Mustard control, if required
Herbicide - Other weed control	11.50
Technology use agreement
Insecticide, if required
Fungicide, if required
Tractor and Machine Expenses - Fuel (17 L) and lubricants	20.50
Tractor and Machine Expenses - Repairs and maintenance	17.25
Marketing fees ($4.00/tonne)	3.65
Crop insurance	15.25
Custom work (fertilizer application, mixing & delivery)	10.20
Custom work (pesticide application)	10.20
Custom work (other)
Trucking ($8.35/tonne)	7.60
Storage
Land rent
Operator labour (self or hired)	11.05
Interest on operating	5.30
Total Operating Expenses	270.50

Revenue	Your Farm Budget
Expected yield _______________
Expected price _______________
Total Market Revenue (Yield x Price)
Program payment
Total Revenue
Gross Margin (Revenue - Operating Expenses)

Overhead Expenses	Sample Costs/Acre	Your Farm Budget
Machinery - Depreciation	29.95
Machinery - Interest on investment	15.35
Land
Other overhead	11.60
Total Expenses	327.40
Breakeven price on your farm is: (total expenses/expected yield)

¹ Nitrogen rate is based on nitrogen price of $1.53/kg (0.70/lb) N and a canola price of $550/tonne. 112 kg/ha ammonium sulphate (21-0-0-24) supplies 27 kg/ha sulphur.

See the canola section of the OMAFRA Agronomy Guide for Field Crops, Publication 811 for more accurate nitrogen requirements for canola, adjusted for yield and fertilizer cost.

---