|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2003 OATS PRODUCTION BUDGET
1 |
|
|
Grain and Straw Harvested |
|
|
|
|
|
|
|
| ITEM |
|
EXPLANATION |
PRICE PER |
YIELD (bu/A) |
|
YOUR |
|
|
|
UNIT |
|
|
BUDGET |
|
| |
|
|
|
|
|
|
|
|
50 |
85 |
120 |
|
|
|
|
| RECEIPTS |
|
|
|
|
Oats (Grain Only) 2 |
|
$2.00 |
/bu |
$100 |
$170 |
$240 |
|
|
|
|
|
|
| VARIABLE COSTS |
|
|
|
|
Seed |
|
2.5 |
lbs |
6.50 |
/bu |
16 |
16 |
16 |
|
|
|
|
Fertilizer 3 |
|
|
|
|
N (lbs.) |
|
20 |
30 |
65 |
0.24 |
/lb |
5 |
7 |
16 |
|
|
|
|
P2O5(lbs) |
|
20 |
25 |
25 |
0.24 |
/lb |
5 |
6 |
6 |
|
|
|
|
K2O(lbs) |
|
30 |
35 |
45 |
0.13 |
/lb |
4 |
5 |
6 |
|
|
|
|
Lime(lbs) |
|
1000 |
|
12 |
/ton |
7 |
7 |
7 |
|
|
|
|
Trucking - Fuel Only |
|
0.03 |
/bu |
2 |
3 |
4 |
|
|
|
|
Fuel, Oil, Grease 4 |
|
5 |
5 |
5 |
|
|
|
|
Repairs 5 |
|
11 |
11 |
11 |
|
|
|
|
Miscellaneous 6 |
|
12 |
13 |
14 |
|
|
|
|
Int. on Oper. Cap.
7 |
|
6 |
mo. |
9.0% |
|
3 |
3 |
4 |
|
|
|
|
Hired Labor 8 |
|
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
|
| TOTAL
VARIABLE COSTS |
|
-Per Acre |
|
69 |
75 |
88 |
|
|
-Per
Bushel |
|
1.38 |
0.89 |
0.73 |
|
|
|
|
|
|
| FIXED
COSTS |
|
|
|
|
Labor Charge 8 |
|
2 |
hours |
9.00 |
/hr |
18 |
18 |
18 |
|
|
|
|
Mach. And Equip. Charge 9 |
|
52 |
52 |
52 |
|
|
|
|
Land Charge 10 |
|
50 |
70 |
90 |
|
|
|
|
Management Charge |
|
5% |
of gross revenue |
|
5 |
9 |
12 |
|
|
|
|
|
|
|
|
| TOTAL
FIXED COSTS |
|
125 |
149 |
172 |
|
|
|
|
|
|
| TOTAL
COSTS (Grain Only) |
-Per Acre |
|
194 |
224 |
260 |
|
|
|
|
|
-Per
Bushel |
|
3.88 |
2.64 |
2.17 |
|
|
|
|
|
|
| RETURN
ABOVE VARIABLE COSTS |
|
31 |
95 |
152 |
|
|
|
| RETURN
ABOVE TOTAL COSTS |
|
(94) |
(54) |
(20) |
|
|
|
| RETURN
TO LABOR AND MANAGEMENT 11 |
|
(71) |
(28) |
10
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| RECEIPTS
(Straw Only) |
|
1 |
ton/A |
45 |
/ton |
45 |
|
|
|
|
|
|
|
| VARIABLE
COSTS (Straw Only) |
|
|
|
|
Fuel, Oil, Grease 5 |
|
1 |
|
|
|
|
|
Repairs 6 |
|
4 |
|
|
|
|
|
Miscellaneous |
|
4 |
|
|
|
|
|
Hired Labor 9 |
|
|
|
|
|
|
|
|
|
|
| TOTAL
VARIABLE COSTS- Per Acre (Per Ton) |
|
9 |
|
9 |
|
|
|
|
|
|
| FIXED
COSTS (Straw Only) |
|
|
|
|
Labor Charge 9 |
|
1.5 |
hours |
8.00 |
/hour |
12 |
|
|
|
|
|
Mach. & Equip. Charge 10 |
|
8 |
|
|
|
|
|
Management Charge |
|
5% |
of gross revenue |
|
2 |
|
|
|
|
|
|
|
|
|
| TOTAL
FIXED COSTS |
|
22 |
|
|
|
|
|
|
|
|
| TOTAL COSTS (Straw
Only)- Per Acre (Per Ton) |
|
31 |
|
31 |
|
|
|
| RETURN
ABOVE VARIABLE COSTS (Straw Only) |
|
36 |
|
|
|
|
| RETURN
ABOVE TOTAL COSTS (Straw Only) |
|
14 |
|
|
|
|
| RETURN
TO LABOR AND MANAGEMENT (Straw Only)12 |
|
|
28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1 |
Does not
include costs or returns for storage of grain. |
|
|
|
| 2 |
Price is the 5-year
historical price average for Ohio. |
|
|
|
| 3 |
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: K20:50,75,100. |
|
|
|
|
|
Prices
were quoted in October, 2000.
Fertilizer prices vary over time and by area. |
|
|
|
|
Check with local sources for current
prices. |
|
|
|
| 4 |
See tables below for
specific calculations. Lubrication costs are assumed to be 15% of fuel costs. |
|
| 5 |
See tables below for
specific calculations. |
|
|
|
| 6 |
Includes supplies, utilities, soil tests,
small tools, crop insurance, etc… |
|
|
| 7 |
Interest
on all variable costs, except trucking, for 8 months at 9% interest
rate. |
|
|
| 8 |
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. |
|
|
|
| 9 |
Reflects 1000 acres,
conservation tillage. See tables below for specific calculations. |
|
|
| 10 |
Average based on 1999
data. Land charges vary throughout the
state, check your local rates. |
|
|
| 11 |
Return to labor and
management is the revenue less total expenses except operator labor and
management. |
|
|
|
It is a measure of the
returns to the operator's labor and management. |
|
|
|
|
|
| Machinery
Inventory - Grain Only |
|
|
|
|
|
|
|
Number times used |
Cost |
Acres/ Hr |
Fuel* ($/A) |
Repairs ($/A) |
|
|
|
|
|
15 ft. Chisel Plow |
|
1 |
$7,800 |
8.5 |
0.60 |
0.28 |
|
|
|
|
28 ft. Field Cultivator |
|
1 |
$19,400 |
20.2 |
0.32 |
0.33 |
|
|
|
|
|
25 Ft Grain Drill |
|
1 |
$26,100 |
10.6 |
0.49 |
0.84 |
|
|
|
|
|
Combine w/ 20' head |
|
1 |
$141,000 |
12.7 |
1.31 |
3.38 |
|
|
|
|
|
Gravity Grain Wagons |
|
1 |
$7,000 |
|
1.20 |
0.84 |
|
|
|
|
|
Fertilizer Spreader |
|
1 |
$10,400 |
23.8 |
0.11 |
0.23 |
|
|
|
|
|
160 HP Tractor |
|
|
$94,200 |
|
|
3.84 |
|
|
|
|
|
75 HP Tractor |
|
|
$30,300 |
|
1.14 |
|
|
|
|
|
|
Pickup Truck (1/2) |
|
|
$12,500 |
|
0.10 |
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total per Acre |
|
|
348,700 |
|
4.13 |
10.93 |
|
|
|
|
Fixed Costs Rate |
|
15% |
|
|
|
|
|
|
|
Mach. And Equip Charge = |
$52 |
|
Price of Diesel Fuel = |
$1.00 |
/gal |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Machinery
and Equipment charge = Total Machine Inventory Cost x Fixed Costs Rate / 1000 acres |
|
|
|
|
=$348,700 x 15% / 1000 acres
= $52/acre |
|
|
|
|
|
|
|
| Machines
are all assumed to be new and in the first year of use. Older/used machines will likely have
lower |
|
|
machinery
costs. Size of operation will also
effect cost of machinery per acre. For
an analysis on machine |
|
|
costs for different sized
operations, see economies of scale budgets in this publication |
|
|
|
|
|
|
|
|
|
|
| Fixed costs
rate includes depreciation, interest, housing, and insurance. |
|
|
|
|
|
|
|
| *Fuel
calculations are based on the implement plus tractor. |
|
|
|
|
|
|
|
|
|
| Machinery
Inventory - Straw Only |
|
|
|
|
|
|
|
Number times used |
Cost |
Acres/ Hr |
Fuel* (gal/A) |
Repairs ($/A) |
|
|
|
|
|
Hay Baler |
|
1 |
$17,500 |
4.4 |
0.45 |
1.90 |
|
|
|
|
Hay Wagon |
|
1 |
$3,200 |
4.4 |
0.50 |
0.25 |
|
|
|
|
|
Hay Rake |
|
1 |
$4,700 |
5.2 |
0.25 |
0.26 |
|
|
|
|
|
75 HP Tractor |
|
|
$27,200 |
|
|
1.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total per Acre |
|
|
52,600 |
|
1.20 |
3.55 |
|
|
|
|
|
Fixed Costs Rate |
|
15% |
|
|
|
|
|
|
|
|
Mach. And Equip Charge = |
$8 |
|
Price of Diesel Fuel = |
$1.00 |
/gal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|