Publication 60—Grain Corn

Grain Corn

Operating Expenses (costs based on projected yield of 3.81 tonne/ac (150 bu/ac))	Tillage System			Your Farm Budget
	Conventional	Minimum Till	No-Till
	Sample Costs/Acre	Sample Costs/Acre	Sample Costs/Acre
Seed (average cost of 3 hybrids) - 32,000 kernels - treated - RR1	106.45	106.45	106.45
- 32,000 kernels - treated - Bt	90.30	90.30	90.30
- 32,000 kernels - treated - Multi-trait	113.95	113.95	113.95
Fertilizer2 - 155 kg/ha N (554 kg/ha of 28-0-0 U.A.N.)	90.85	90.85	90.85
Fertilizer2 - 20 kg/ha P	10.20	10.20	10.20
Fertilizer2 - 50 kg/ha K	22.80	22.80	22.80
Herbicide - annual grass and broadleaf weed	13.05	13.05	13.05
Herbicide - burndown			6.75
Herbicide - other weed control, if required
Insecticide, if required
Tractor and Machine Expenses - Fuel (25 L conv., 16 L min, 10 L no till) and lubricant	28.00	20.25	13.35
Tractor and Machine Expenses - Repairs and maintenance	15.85	14.60	10.45
Marketing fees ($0.40/tonne)	1.50	1.50	1.50
Crop insurance	13.45	13.45	13.45
Custom work (fertilizer appl., mixing & delivery)	10.20	10.20	10.20
Custom work (pesticide applications)	10.20	10.20	10.20
Custom work (other)
Trucking ($9.10/tonne)	34.50	34.50	34.50
Drying ($19.75/tonne, 8 points)	75.20	75.20	75.20
Land rent
Operator labour (self or hired)	15.50	11.50	8.10
Storage ($2.06/tonne/month x 4 months)	31.45	31.45	31.45
Interest on operating	9.55	9.25	9.30
Total Operating Expenses	485.85	472.55	475.10

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	Tillage System			Your Farm Budget
	Conventional	Minimum Till	No-Till
	Sample Costs/Acre	Sample Costs/Acre	Sample Costs/Acre
Machinery - Depreciation	28.45	27.30	18.85
Machinery - Interest on investment	13.05	12.20	8.40
Land
Other overhead	11.20	10.25	7.10
Total Expenses	538.55	522.30	509.45
Breakeven price on your farm is: (total expenses/expected yield)

¹ Roundup Ready

² Nitrogen rate is based on the nitrogen rate calculator. Nitrogen recommendation is for corn grown in southwestern/central Ontario, 2,800 heat units, clay loam soil, following wheat with straw removed, with projected corn yield of 150 bu/acre, nitrogen cost of $1.53/kg and corn price of $6.00/bu.

See www.gocorn.net for more accurate nitrogen requirements for corn. A CD version is available from OMAFRA's Agricultural Information Contact Centre at 1-877-424-1300.

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