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Table B-1. Southcentral Idaho crop prices used in the analysis. 12/12/2008
Projected
2008 2009
Sugarbeets $40.00 $45.00
Potatoes: In-weight $5.95 $8.00
Potatoes: Storage $6.75 $9.00
Dry Beans $36.00 $30.00
Corn Silage $38.00 $36.00
Field Corn $6.50 $5.50
Feed Barley $10.00 $6.50
Malting Barley $16.00 $12.50
Wheat: Hard Red Spring $9.50 $6.00
Wheat: Soft White $8.00 $5.25
Alfalfa Hay $159.00 $149.00
Potato prices are pre-seasn contract prices for process potatoes, not fresh market.
Note: Alfalfa hay is a blended price, based on 30% feeder quality and 70% dairy quality.
2008 2009
Dairy Quality $180 $170
Feeder Quality $110 $100
$159 $149
Prices shown here are linked to the gross margin and breakeven sheets, but not to the individual
crop budgets. Prices in the crop budgets can be changed without impacting the crop comparisons.
Tab B-1 Prices University of Idaho AERS Dept
Table B-2. Southcentral Idaho: Magic Valley. Gross margins summary and return to land, irrigation system, overhead & management by crop.
Crop prices are for 2008.
RUR Potatoes: In- Potatoes: Feed Malting Wheat: Wheat: Wheat: Alfalfa
Sugarbeets weight Storage Dry Beans Corn Silage Field Corn Barley Barley HRS SWS SWW Hay
ton cwt cwt cwt ton bu cwt cwt bu bu bu ton
Yield 32 400 400 23 28 165 65 60 105 115 125 7
Price $40.00 $5.95 $6.75 $36.00 $38.00 $6.50 $10.00 $16.00 $9.50 $8.00 $8.00 $159
Gross Revenue $1,280 $2,380 $2,700 $828 $1,064 $1,073 $650 $960 $998 $920 $1,000 $1,113
Total Operating Expenses $946 $1,874 $2,005 $476 $798 $634 $435 $442 $467 $442 $469 $544
Gross Margin $334 $506 $695 $352 $266 $438 $215 $518 $530 $478 $531 $569
Equipment Ownership Costs $183 $231 $356 $68 $49 $50 $32 $36 $36 $36 $33 $11
Net: Return to Land, Irrigation
System, Overhead &
Management $151 $275 $339 $284 $217 $389 $183 $482 $494 $441 $498 $558
Note: Values are linked to other spreadsheets in this file. Changes must be made to the individual spreadsheets, not to this summary sheet, which is locked.
Commodity prices should be changed in the prices sheet (tab) and expenses should be changed in the individual crop worksheets.
Operating and equipment ownership expenses are from 2008.
Ownership costs for most crops (except sugarbeets & potatoes) are low because all harvesting is done by a custom operator.
12/13/2008
Tab B-2 Gross Margin - 2008 University of Idaho AERS Dept
Table B-3. Southcentral Idaho: Magic Valley. Gross margins summary and return to land, irrigation system, overhead & management by crop.
Crop prices are for 2009.
RUR Potatoes: In- Potatoes: Feed Malting Wheat: Wheat: Wheat: Alfalfa
Sugarbeets weight Storage Dry Beans Corn Silage Field Corn Barley Barley HRS SWS SWW Hay
ton cwt cwt cwt ton bu cwt cwt bu bu bu ton
Yield 32 400 400 23 28 165 65 60 105 115 125 7
Price $45.00 $8.00 $9.00 $30.00 $36.00 $5.50 $6.50 $12.50 $6.00 $5.25 $5.25 $149
Gross Revenue $1,440 $3,200 $3,600 $690 $1,008 $908 $423 $750 $630 $604 $656 $1,043
Total Operating Expenses $946 $1,874 $2,005 $476 $798 $634 $435 $442 $467 $442 $469 $544
Gross Margin $494 $1,326 $1,595 $214 $210 $273 -$12 $308 $163 $161 $187 $499
Equipment Ownership Costs $183 $231 $356 $68 $49 $50 $32 $36 $36 $36 $33 $11
Net: Return to Land, Irrigation
System, Overhead &
Management $311 $1,095 $1,239 $146 $161 $224 -$45 $272 $126 $125 $154 $488
Note: Values are linked to other spreadsheets in this file. Changes must be made to the individual spreadsheets, not to this summary sheet, which is locked.
Commodity prices should be changed in the prices sheet (tab) and expenses should be changed in the individual crop worksheets.
Operating and equipment ownership expenses are from 2008.
Ownership costs for most crops (except sugarbeets & potatoes) are low because all harvesting is done by a custom operator.
12/13/2008
Tab B-3 Gross Margin - 2009 University of Idaho AERS Dept
Table B-4. Prices for alternative commodities needed to equal the 2009 projected net to sugarbeets of $311 per acre for Southcentral Idaho, based on $45 per ton sugarbeets.
RUR Potatoes: In- Potatoes: Corn Field Feed Malting Wheat: Wheat: Wheat:
Sensitivity analysis: Southcentral Idaho Sugarbeets weight Storage Dry Beans Silage Corn Barley Barley HRS SWS SWW Alfalfa Hay
Yield 32 400 400 23 28 165 65 60 105 115 125 7
Price $45 #REF! $9.00 $30.00 $36.00 $5.50 $6.50 $12.50 $6.00 $5.25 $5.25 $149
Gross Margin $1,440 #REF! $3,600 $690 $1,008 $908 $423 $750 $630 $604 $656 $1,043
Op Expense + Mach. Own. Costs $1,129 $2,105 $2,361 $544 $847 $684 $467 $478 $504 $479 $502 $555
Net Return to Land, Irrigation System,
Overhead and Mngt. $311
Price Required to Equal Sugarbeet Net
Return to Land, etc., Given the Yield, $6.04 $6.68 $37.17 $41.34 $6.03 $11.97 $13.15 $7.76 $6.87 $6.50 $124
Price and Expenses Shown Above.
Analysis is based on 2008 operating and machinery ownership expenses and the crop yields shown above.
Note: The yield, price and expense values shown above are linked to Gross Margin - 2009 Sheet. Do not make changes directly to this sheet.
Make changes in the Prices sheet or the individual crop budget sheets, which will change the Gross Margin - 2009 sheet and this one as well.
12/13/2008
Tab B-4 Breakeven University of Idaho AERS Dept
Table B-5. Prices required to achieve the same net return to land, irrigation system, overhead and
management as sugarbeets at different sugarbeet prices. Southcentral Idaho.
Sugarbeet Price
$45 $44 $43 $42 $41 $40
Crops
Potatoes: In-weight $6.04 $5.96 $5.88 $5.80 $5.72 $5.64
Potatoes: Storage $6.68 $6.60 $6.52 $6.44 $6.36 $6.28
Dry Beans $37.27 $35.77 $34.38 $32.99 $31.60 $30.21
Corn Silage $41.34 $40.20 $39.05 $37.91 $36.77 $35.62
Field Corn $6.03 $5.83 $5.64 $5.45 $5.25 $5.06
Feed Barley $11.97 $11.48 $10.99 $10.49 $10.00 $9.51
Malting Barley $13.15 $12.62 $12.09 $11.55 $11.02 $10.49
Wheat: HRS $7.76 $7.45 $7.15 $6.84 $6.54 $6.23
Wheat: SWS $6.87 $6.59 $6.31 $6.03 $5.75 $5.48
Wheat: SWW $6.50 $6.25 $5.99 $5.74 $5.48 $5.22
Alfalfa Hay $124 $119 $115 $110 $105 $101
Note: values used in this calculation are from Table 4. The only price that varies is that of sugarbeets.
If prices are below the values shown, the grower is better off growing sugarbeets at the price specified.
These values are not linked to other sheets and will not automatically recalculate.
12/14/2008
Tab B-5 Equivalent University of Idaho AERS Dept
Appendix B-1. 2008 Roundup Ready Sugarbeets, Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
RUR Sugarbeets 32 ton $40.00 $1,280.00
Operating Inputs
Seed: $100.88
RUR Beet Seed: Raw 0.5 unit $100.00 $50.00
Technology Fee 0.48 unit $106.00 $50.88
Fertilizer: $235.00
Liquid Nitrogen 22 lb $0.85 $18.70
Liquid P2O5 75 lb $0.94 $70.50
Dry Nitrogen 110 lb $0.82 $90.20
K2O 60 lb $0.46 $27.60
Sulfur 50 lb $0.40 $20.00
Micronutrients 1 ac $8.00 $8.00
Pesticides: $79.56
Temik 15G L-N-L 14 lb $3.60 $50.40
Roundup Original Max 54.0 oz $0.50 $27.00
AMS 2.40 lb $0.90 $2.16
$0.00
$0.00
Custom & Consultants: $23.50
Custom Fertilize 1 ac $7.50 $7.50
Consultant 1 ac $16.00 $16.00
$0.00
$0.00
$0.00
Irrigation: $106.18
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 33 acin $1.48 $48.84
Irrigation Repairs-CP 33 acin $0.58 $19.14
Machinery: $179.67
Fuel - Gas 2.92 gal $3.60 $10.51
Fuel - Diesel 28.46 gal $3.75 $106.73
Lube 1 ac $17.58 $17.58
Machinery Repairs 1 ac $44.85 $44.85
Labor: $118.44
Labor (machine) 6.04 hrs $14.95 $90.30
Labor (irrigation - cp) 1.65 hrs $10.20 $16.83
Labor (other) 1.3 hrs $8.70 $11.31
Other: $72.60
Crop Insurance 1 ac $39.00 $39.00
Hauling Charge 32 ton $1.05 $33.60
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $30.10
Total Operating Costs $945.92
Operating Costs per Unit $29.56
Net Returns Above Operating Expenses $334.08
SCI-Su-08 University of Idaho AERS Dept
Appendix B-1. 2008 Roundup Ready Sugarbeets, Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $4.61
Tractors & Equipment Depreciation & Interest $178.57
Irrigation Equipment Depreciation & Interest
Land * $300.00
Co-op Stock $25.00
Overhead $22.00
Management Fee $60.00
Total Ownership Costs $590.18
Ownership Costs per Unit $18.44
Total Costs per Acre $1,536.11
Total Cost per Unit $48.00
Returns to Risk -$256.11
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
5% 10%
Yield
Price 30.4 32 35.2
Operating Cost Breakeven $31.12 $29.56 $26.87
Ownership Cost Breakeven $19.41 $18.44 $16.77
Total Cost Breakeven $50.53 $48.00 $43.64
Price
Yield $38.00 $40.00 $44.00
Operating Cost Breakeven 24.9 23.6 21.5
Ownership Cost Breakeven 15.5 14.8 13.4
Total Cost Breakeven 40.4 38.4 34.9
SCI-Su-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Dry Beans
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Dry Beans 23 cwt $36.00 $828.00
Operating Inputs
Seed: $48.00
Bean Seed 100 lb $0.48 $48.00
$0.00
Fertilizer: $110.50
Dry Nitrogen 25 lb $0.82 $20.50
Dry P2O5 100 lb $0.75 $75.00
Zinc 5 lb $3.00 $15.00
$0.00
$0.00
$0.00
Pesticides: $16.20
Sonalan HFP 1.5 qt $8.35 $12.53
Treflan 4HFP 0.5 qt $7.35 $3.68
$0.00
$0.00
$0.00
Custom & Consultants: $74.25
Custom Fertilize 1 ac $7.50 $7.50
Custom Cut/Windrow 1 ac $26.50 $26.50
Custom Combine 23 cwt $1.75 $40.25
$0.00
$0.00
Irrigation: $40.78
Water Assessment 1 ac $38.20 $38.20
Irrigation Repairs: GP 1 acin $2.58 $2.58
$0.00
Machinery: $83.10
Fuel - Gas 1.65 gal $3.60 $5.94
Fuel - Diesel 14.82 gal $3.75 $55.58
Lube 1 ac $8.89 $8.89
Machinery Repairs 1 ac $12.69 $12.69
Labor: $74.15
Labor (machine) 2.1 hrs $14.95 $31.40
Labor (irrigation - gp) 3.85 hrs $10.20 $39.27
Labor (other) 0.4 hrs $8.70 $3.48
Other: $16.50
Crop Insurance 1 ac $16.50 $16.50
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $12.88
Total Operating Costs $476.35
Operating Costs per Unit $20.71
Net Returns Above Operating Expenses $351.65
SCI-DB-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Dry Beans
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $1.64
Tractors & Equipment Depreciation & Interest $65.91
Irrigation Equipment Depreciation & Interest
Land * $175.00
Overhead $12.00
Management Fee $30.00
Total Ownership Costs $284.55
Ownership Costs per Unit $12.37
Total Costs per Acre $760.90
Total Cost per Unit $33.08
Returns to Risk $67.10
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 20.7 23 25.3
Operating Cost Breakeven $23.01 $20.71 $18.83
Ownership Cost Breakeven $13.75 $12.37 $11.25
Total Cost Breakeven $36.76 $33.08 $30.08
Price
Yield $32.40 $36.00 $39.60
Operating Cost Breakeven 14.7 13.2 12.0
Ownership Cost Breakeven 8.8 7.9 7.2
Total Cost Breakeven 23.5 21.1 19.2
SCI-DB-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Corn Silage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Corn Silage 28 ton $38.00 $1,064.00
Operating Inputs
Seed: $47.50
Conventional Corn Seed 25 lb $1.90 $47.50
$0.00
Fertilizer: $211.80
Dry Nitrogen 115 lb $0.82 $94.30
Dry P2O5 40 lb $0.75 $30.00
K2O 100 lb $0.46 $46.00
Sulfur 40 lb $0.40 $16.00
Liquid Nitrogen 30 lb $0.85 $25.50
$0.00
Pesticides: $42.05
Prowl 3.3EC 1 qt $7.20 $7.20
Outlook 6EC 15 oz $1.15 $17.25
Counter 15-G 8.0 lb $2.20 $17.60
$0.00
$0.00
Custom & Consultants: $296.50
Custom Fertilize 1 ac $7.50 $7.50
Custom Haul/Apply Manure 12 ton $2.50 $30.00
Custom Chop, Haul & Pack 28 ton $9.25 $259.00
$0.00
$0.00
Irrigation: $91.76
Water Assessment 1 ac $38.20 $38.20
Irrigation Power - CP 26 acin $1.48 $38.48
Irrigation Repairs - CP 26 acin $0.58 $15.08
Machinery: $48.88
Fuel - Gas 1.46 gal $3.60 $5.26
Fuel - Diesel 7.95 gal $3.75 $29.81
Lube 1 ac $5.26 $5.26
Machinery Repairs 1 ac $8.55 $8.55
Labor: $40.89
Labor (machine) 1.42 hrs $14.95 $21.23
Labor (irrigation - cp) 1.68 hrs $10.20 $17.14
Labor (other) 0.29 hrs $8.70 $2.52
Other: $0.00
Crop Insurance 1 ac $0.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $18.45
Total Operating Costs $797.83
Operating Costs per Unit $28.49
Net Returns Above Operating Expenses $266.17
SCI-CS-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Corn Silage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $1.20
Tractors & Equipment Depreciation & Interest $47.54
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $45.00
Total Ownership Costs $305.74
Ownership Costs per Unit $10.92
Total Costs per Acre $1,103.57
Total Cost per Unit $39.41
Returns to Risk -$39.57
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 25.2 28 30.8
Operating Cost Breakeven $31.66 $28.49 $25.90
Ownership Cost Breakeven $12.13 $10.92 $9.93
Total Cost Breakeven $43.79 $39.41 $35.83
Price
Yield $34.20 $38.00 $41.80
Operating Cost Breakeven 23.3 21.0 19.1
Ownership Cost Breakeven 8.9 8.0 7.3
Total Cost Breakeven 32.3 29.0 26.4
SCI-CS-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Field Corn.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Field Corn 165 bu $6.25 $1,031.25
Operating Inputs
Seed: $47.50
Conventional Corn Seed 25 lb $1.90 $47.50
$0.00
Fertilizer: $207.55
Dry Nitrogen 115 lb $0.82 $94.30
Dry P2O5 40 lb $0.75 $30.00
K2O 100 lb $0.46 $46.00
Sulfur 40 lb $0.40 $16.00
Liquid Nitrogen 25 lb $0.85 $21.25
$0.00
Pesticides: $42.05
Prowl 3.3EC 1 qt $7.20 $7.20
Outlook 6EC 15 oz $1.15 $17.25
Counter 15-G 8.0 lb $2.20 $17.60
$0.00
$0.00
Custom & Consultants: $103.20
Custom Fertilize 1 ac $7.50 $7.50
Custom Haul/Apply Manure 12 ton $2.50 $30.00
Custom Combine 1 ac $36.00 $36.00
Custom Hauling 165 bu $0.18 $29.70
$0.00
Irrigation: $95.88
Water Assessment 1 ac $38.20 $38.20
Irrigation Power - CP 28 acin $1.48 $41.44
Irrigation Repairs - CP 28 acin $0.58 $16.24
Machinery: $49.49
Fuel - Gas 1.65 gal $3.60 $5.94
Fuel - Diesel 7.91 gal $3.75 $29.66
Lube 1 ac $5.34 $5.34
Machinery Repairs 1 ac $8.55 $8.55
Labor: $44.10
Labor (machine) 1.58 hrs $14.95 $23.62
Labor (irrigation - cp) 1.76 hrs $10.20 $17.95
Labor (other) 0.29 hrs $8.70 $2.52
Other: $24.00
Crop Insurance 1 ac $24.00 $24.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $20.37
Total Operating Costs $634.14
Operating Costs per Unit $3.84
Net Returns Above Operating Expenses $397.11
SCI-FC-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Field Corn.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $1.16
Tractors & Equipment Depreciation & Interest $48.44
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $38.00
Total Ownership Costs $299.60
Ownership Costs per Unit $1.82
Total Costs per Acre $933.74
Total Cost per Unit $5.66
Returns to Risk $97.51
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 148.5 165 181.5
Operating Cost Breakeven $4.27 $3.84 $3.49
Ownership Cost Breakeven $2.02 $1.82 $1.65
Total Cost Breakeven $6.29 $5.66 $5.14
Price
Yield $5.63 $6.25 $6.88
Operating Cost Breakeven 112.7 101.5 92.2
Ownership Cost Breakeven 53.3 47.9 43.6
Total Cost Breakeven 166.0 149.4 135.8
SCI-FC-08 University of Idaho AERS Dept
Table1. 2008 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes: No
Storage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Potatoes: In-weight 400 cwt $5.95 $2,380.00
Operating Inputs
Seed: $305.90
G-3 Potato Seed 23 cwt $11.25 $258.75
Seed Cut and Treat 23 cwt $2.05 $47.15
Fertilizer: $578.20
Dry Nitrogen - Preplant 165 lb $0.82 $135.30
Dry P2O5 200 lb $0.75 $150.00
K2O 180 lb $0.46 $82.80
Sulfur 80 lb $0.40 $32.00
Micronutrients 2 ac $15.00 $30.00
Liquid Nitrogen 130 lb $0.85 $110.50
Liquid P2O5 40 lb $0.94 $37.60
Pesticides: $179.03
Admire Pro 15 oz $4.00 $60.00
Prowl 1 qt $7.25 $7.25
Sencor DF 0.75 lb $15.20 $11.40
Eptam 7E 2.0 qt $9.15 $18.30
Dithane F45 Rainshield (2x) 3.2 qt $4.75 $15.20
Bravo Ultrex WDG 2.5 lb $8.00 $20.00
Fulfill WDG 2.75 oz $7.50 $20.63
Reglone 1 qt $26.25 $26.25
$0.00
Custom & Consultants: $194.35
Custom Fertilize 2 ac $8.25 $16.50
Consultant 1 ac $18.00 $18.00
Custom Air Spray-10G 4 ac $11.40 $45.60
Custom Hauling 400 cwt $0.26 $104.00
Sulfuric Acid Application 1 ac $10.25 $10.25
Irrigation: $92.79
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 26.5 acin $1.48 $39.22
Irrigation Repairs-CP 26.5 acin $0.58 $15.37
Machinery: $171.57
Fuel - Gas 3.11 gal $3.60 $11.20
Fuel - Diesel 24.19 gal $3.75 $90.71
Lube 1 ac $15.28 $15.28
Machinery Repairs 1 ac $54.38 $54.38
Labor: $148.00
Labor (machine) 7.03 hrs $14.95 $105.10
Labor (irrigation - cp) 1.86 hr $10.20 $18.97
Labor (other) 2.75 hrs $8.70 $23.93
Transloading: $41.05
Transloading Costs 400 cwt $0.086 $34.40
Repairs 1 ac $6.65 $6.65
Other: $106.00
Fees & Assessments 400 cwt $0.15 $60.00
Crop Insurance 1 ac $46.00 $46.00
Operating Interest @ 7.0% $57.02
Total Operating Costs $1,873.90
Operating Costs per Unit $4.68
Net Returns Above Operating Expenses $506.10
SCI-Po1-08 University of Idaho AERS Dept
Table1. 2008 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes: No
Storage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Transloading Equipment $37.50
Tractors & Equipment Insurance $4.93
Tractors & Equipment Depreciation & Interest $188.21
Irrigation Equipment Depreciation & Interest
Land * $525.00
Overhead $47.00
Management Fee $115.00
Total Ownership Costs $917.64
Ownership Costs per Unit $2.29
Total Costs per Acre $2,791.54
Total Cost per Unit $6.98
Returns to Risk -$411.54
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 360 400 440
Operating Cost Breakeven $5.21 $4.68 $4.26
Ownership Cost Breakeven $2.55 $2.29 $2.09
Total Cost Breakeven $7.75 $6.98 $6.34
Price
Yield $5.36 $5.95 $6.55
Operating Cost Breakeven 349.9 314.9 286.3
Ownership Cost Breakeven 171.4 154.2 140.2
Total Cost Breakeven 521.3 469.2 426.5
SCI-Po1-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With On-Farm Storage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Potatoes: Storage 400 cwt $6.50 $2,600.00
Operating Inputs
Seed: $305.90
G-3 Potato Seed 23 cwt $11.25 $258.75
Seed Cut and Treat 23 cwt $2.05 $47.15
Fertilizer: $578.20
Dry Nitrogen - Preplant 165 lb $0.82 $135.30
Dry P2O5 200 lb $0.75 $150.00
K2O 180 lb $0.46 $82.80
Sulfur 80 lb $0.40 $32.00
Micronutrients 2 ac $15.00 $30.00
Liquid Nitrogen 130 lb $0.85 $110.50
Liquid P2O5 40 lb $0.94 $37.60
Pesticides: $179.03
Admire Pro 15 oz $4.00 $60.00
Prowl 1 qt $7.25 $7.25
Sencor DF 0.75 lb $15.20 $11.40
Eptam 7E 2.0 qt $9.15 $18.30
Dithane F45 Rainshield (2x) 3.2 qt $4.75 $15.20
Bravo Ultrex WDG 2.5 lb $8.00 $20.00
Fulfill WDG 2.75 oz $7.50 $20.63
Reglone 1 qt $26.25 $26.25
$0.90 $0.00
Custom & Consultants: $90.35
Custom Fertilize 2 ac $8.25 $16.50
Consultant 1 ac $18.00 $18.00
Custom Air Spray-10G 4 ac $11.40 $45.60
Sulfuric Acid Application 1 ac $10.25 $10.25
$0.00
Irrigation: $92.79
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 26.5 acin $1.48 $39.22
Irrigation Repairs-CP 26.5 acin $0.58 $15.37
Machinery: $172.12
Fuel - Gas 3.11 gal $3.60 $11.20
Fuel - Diesel 24.19 gal $3.75 $90.71
Lube 1 ac $15.28 $15.28
Machinery Repairs 1 ac $54.93 $54.93
Labor: $148.00
Labor (machine) 7.03 hrs $14.95 $105.10
Labor (irrigation - cp) 1.86 hr $10.20 $18.97
Labor (other) 2.75 hrs $8.70 $23.93
Storage: $281.75
Storage Operating Costs 400 cwt $0.662 $264.80
Storage Repairs 1 ac $16.95 $16.95
Other: $103.00
Fees & Assessments 380 cwt $0.15 $57.00
Crop Insurance 1 ac $46.00 $46.00
Operating Interest @ 7.0% $53.91
Total Operating Costs $2,005.04
Operating Costs per Unit $5.01
Net Returns Above Operating Expenses $594.96
SCI-Po2-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With On-Farm Storage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Potato Storage System $166.00
Tractors & Equipment Insurance $4.84
Tractors & Equipment Depreciation & Interest $185.18
Irrigation Equipment Depreciation & Interest
Land * $525.00
Overhead $48.00
Management Fee $125.00
Total Ownership Costs $1,054.02
Ownership Costs per Unit $2.64
Total Costs per Acre $3,059.06
Total Cost per Unit $7.65
Returns to Risk -$459.06
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 360 400 440
Operating Cost Breakeven $5.57 $5.01 $4.56
Ownership Cost Breakeven $2.93 $2.64 $2.40
Total Cost Breakeven $8.50 $7.65 $6.95
Price
Yield $5.85 $6.50 $7.15
Operating Cost Breakeven 342.7 308.5 280.4
Ownership Cost Breakeven 180.2 162.2 147.4
Total Cost Breakeven 522.9 470.6 427.8
SCI-Po2-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With Fumigation and On-Farm Storage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Potatoes 455 cwt $6.50 $2,957.50
Operating Inputs
Seed: $305.90
G-3 Potato Seed 23 cwt $11.25 $258.75
Seed Cut and Treat 23 cwt $2.05 $47.15
Fertilizer: $614.70
Dry Nitrogen - Preplant 180 lb $0.82 $147.60
Dry P2O5 220 lb $0.75 $165.00
K2O 200 lb $0.46 $92.00
Sulfur 80 lb $0.40 $32.00
Micronutrients 2 ac $15.00 $30.00
Liquid Nitrogen 130 lb $0.85 $110.50
Liquid P2O5 40 lb $0.94 $37.60
Pesticides: $339.03
Metam Sodium 40 gal $4.00 $160.00
Admire Pro 15 oz $4.00 $60.00
Prowl 1 qt $7.25 $7.25
Sencor DF 0.75 lb $15.20 $11.40
Eptam 7E 2.0 qt $9.15 $18.30
Dithane F45 Rainshield (2x) 3.2 qt $4.75 $15.20
Bravo Ultrex WDG 2.5 lb $8.00 $20.00
Fulfill WDG 2.75 oz $7.50 $20.63
Reglone 1 qt $26.25 $26.25
$0.00
Custom & Consultants: $124.35
Custom Fertilize 2 ac $8.25 $16.50
Consultant 1 ac $18.00 $18.00
Custom Air Spray-10G 4 ac $11.40 $45.60
Fumigation: Deep Injection 1 ac $34.00 $34.00
Sulfuric Acid Application 1 ac $10.25 $10.25
Irrigation: $95.88
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 28 acin $1.48 $41.44
Irrigation Repairs-CP 28 acin $0.58 $16.24
Machinery: $175.43
Fuel - Gas 3.11 gal $3.60 $11.20
Fuel - Diesel 24.39 gal $3.75 $91.46
Lube 1 ac $15.40 $15.40
Machinery Repairs 1 ac $57.37 $57.37
Labor: $157.94
Labor (machine) 7.33 hrs $14.95 $109.58
Labor (irrigation - cp) 1.96 hr $10.20 $19.99
Labor (other) 3.26 hrs $8.70 $28.36
Storage: $320.36
Storage Operating Costs 455 cwt $0.662 $301.21
Storage Repairs 1 ac $19.15 $19.15
Other: $114.80
Fees & Assessments 432 cwt $0.15 $64.80
Crop Insurance 1 ac $50.00 $50.00
Operating Interest @ 7.0% $68.63
Total Operating Costs $2,317.01
Operating Costs per Unit $5.09
Net Returns Above Operating Expenses $640.49
SCI-Po3-08 University of Idaho AERS Dept
Table 1. 2008 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With Fumigation and On-Farm Storage.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Potato Storage System $186.00
Tractors & Equipment Insurance $4.95
Tractors & Equipment Depreciation & Interest $189.25
Irrigation Equipment Depreciation & Interest
Land * $525.00
Overhead $56.00
Management Fee $125.00
Total Ownership Costs $1,086.20
Ownership Costs per Unit $2.39
Total Costs per Acre $3,403.21
Total Cost per Unit $7.48
Returns to Risk -$445.71
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 409.5 455 500.5
Operating Cost Breakeven $5.66 $5.09 $4.63
Ownership Cost Breakeven $2.65 $2.39 $2.17
Total Cost Breakeven $8.31 $7.48 $6.80
Price
Yield $5.85 $6.50 $7.15
Operating Cost Breakeven 396.1 356.5 324.1
Ownership Cost Breakeven 185.7 167.1 151.9
Total Cost Breakeven 581.7 523.6 476.0
SCI-Po3-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Feed Barley Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Feed Barley 65 cwt $10.00 $650.00
Operating Inputs
Seed: $28.00
Feed Barley Seed 100 lb $0.28 $28.00
$0.00
Fertilizer: $135.90
Dry Nitrogen 120 lb $0.82 $98.40
Dry P2O5 50 lb $0.75 $37.50
$0.00
$0.00
$0.00
$0.00
Pesticides: $32.30
Puma 10 oz $1.55 $15.50
Harmony GT XP 0.5 oz $21.00 $10.50
Bronate Advanced 0.5 qt $12.60 $6.30
$0.00
$0.00
Custom & Consultants: $61.00
Custom Fertilize 1 ac $7.50 $7.50
Custom Combine 1 ac $34.00 $34.00
Custom Haul 65 cwt $0.30 $19.50
$0.00
$0.00
Irrigation: $83.52
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 22 acin $1.48 $32.56
Irrigation Repairs-CP 22 acin $0.58 $12.76
Machinery: $39.32
Fuel - Gas 1.65 gal $3.60 $5.94
Fuel - Diesel 5.85 gal $3.75 $21.94
Lube 1 ac $4.18 $4.18
Machinery Repairs 1 ac $7.26 $7.26
Labor: $33.48
Labor (machine) 1.47 hrs $14.95 $21.98
Labor (irrigation - cp) 0.88 hrs $10.20 $8.98
Labor (other) 0.29 hrs $8.70 $2.52
Other: $10.00
Crop Insurance 1 ac $10.00 $10.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $11.22
Total Operating Costs $434.73
Operating Costs per Unit $6.69
Net Returns Above Operating Expenses $215.27
SCI-FB-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Feed Barley Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.82
Tractors & Equipment Depreciation & Interest $31.65
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $25.00
Total Ownership Costs $269.47
Ownership Costs per Unit $4.15
Total Costs per Acre $704.20
Total Cost per Unit $10.83
Returns to Risk -$54.20
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 58.5 65 71.5
Operating Cost Breakeven $7.43 $6.69 $6.08
Ownership Cost Breakeven $4.61 $4.15 $3.77
Total Cost Breakeven $12.04 $10.83 $9.85
Price
Yield $9.00 $10.00 $11.00
Operating Cost Breakeven 48.3 43.5 39.5
Ownership Cost Breakeven 29.9 26.9 24.5
Total Cost Breakeven 78.2 70.4 64.0
SCI-FB-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Malting Barley Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Malting Barley 60 cwt $16.00 $960.00
Operating Inputs
Seed: $32.00
Malt Barley Seed 100 lb $0.32 $32.00
$0.00
Fertilizer: $107.55
Dry Nitrogen 90 lb $0.82 $73.80
Dry P2O5 45 lb $0.75 $33.75
$0.00
$0.00
$0.00
$0.00
Pesticides: $46.70
Puma 10 oz $1.55 $15.50
Harmony GT XP 0.5 oz $21.00 $10.50
Bronate Advanced 0.5 qt $12.60 $6.30
Headline 6 oz $2.40 $14.40
$0.00
Custom & Consultants: $65.20
Custom Fertilize 1 ac $7.50 $7.50
Custom Combine 1 ac $34.00 $34.00
Custom Haul 60 cwt $0.30 $18.00
Air Spray: 3-G 1 ac $5.70 $5.70
$0.00
Irrigation: $83.52
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 22 acin $1.48 $32.56
Irrigation Repairs-CP 22 acin $0.58 $12.76
Machinery: $38.45
Fuel - Gas 1.65 gal $3.60 $5.94
Fuel - Diesel 5.66 gal $3.75 $21.23
Lube 1 ac $4.08 $4.08
Machinery Repairs 1 ac $7.20 $7.20
Labor: $33.48
Labor (machine) 1.47 hrs $14.95 $21.98
Labor (irrigation - cp) 0.88 hrs $10.20 $8.98
Labor (other) 0.29 hrs $8.70 $2.52
Other: $24.25
Crop Insurance 1 ac $24.25 $24.25
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $10.76
Total Operating Costs $441.90
Operating Costs per Unit $7.37
Net Returns Above Operating Expenses $518.10
SCI-MB-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Malting Barley Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.91
Tractors & Equipment Depreciation & Interest $35.58
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $30.00
Total Ownership Costs $278.49
Ownership Costs per Unit $4.64
Total Costs per Acre $720.39
Total Cost per Unit $12.01
Returns to Risk $239.61
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 54 60 66
Operating Cost Breakeven $8.18 $7.37 $6.70
Ownership Cost Breakeven $5.16 $4.64 $4.22
Total Cost Breakeven $13.34 $12.01 $10.92
Price
Yield $14.40 $16.00 $17.60
Operating Cost Breakeven 30.7 27.6 25.1
Ownership Cost Breakeven 19.3 17.4 15.8
Total Cost Breakeven 50.0 45.0 40.9
SCI-MB-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Hard Red Spring Wheat Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Wheat: HRS 105 bu $9.50 $997.50
Operating Inputs
Seed: $28.00
Wheat Seed: HRS 100 lb $0.28 $28.00
$0.00
Fertilizer: $157.95
Dry Nitrogen 110 lb $0.82 $90.20
Dry P2O5 45 lb $0.75 $33.75
Liquid Nitrogen 40 lb $0.85 $34.00
$0.00
$0.00
$0.00
Pesticides: $32.60
Axial XL 16.4 oz $0.95 $15.58
Bronate Advanced 1.0 pint $6.30 $6.30
Starane 0.67 pt $16.00 $10.72
$0.00
$0.00
Custom & Consultants: $60.40
Custom Fertilize 1 ac $7.50 $7.50
Custom Combine 1 ac $34.00 $34.00
Custom Haul 105 bu $0.18 $18.90
$0.00
$0.00
Irrigation: $83.52
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 22 acin $1.48 $32.56
Irrigation Repairs-CP 22 acin $0.58 $12.76
Machinery: $38.44
Fuel - Gas 1.65 gal $3.60 $5.94
Fuel - Diesel 5.66 gal $3.75 $21.23
Lube 1 ac $4.08 $4.08
Machinery Repairs 1 ac $7.19 $7.19
Labor: $39.19
Labor (machine) 1.47 hrs $14.95 $21.98
Labor (irrigation - cp) 1.44 hrs $10.20 $14.69
Labor (other) 0.29 hrs $8.70 $2.52
Other: $16.00
Crop Insurance 1 ac $16.00 $16.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $11.14
Total Operating Costs $467.23
Operating Costs per Unit $4.45
Net Returns Above Operating Expenses $530.27
SCI-HRS-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Hard Red Spring Wheat Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.91
Tractors & Equipment Depreciation & Interest $35.58
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $30.00
Total Ownership Costs $278.49
Ownership Costs per Unit $2.65
Total Costs per Acre $745.72
Total Cost per Unit $7.10
Returns to Risk $251.78
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 94.5 105 115.5
Operating Cost Breakeven $4.94 $4.45 $4.05
Ownership Cost Breakeven $2.95 $2.65 $2.41
Total Cost Breakeven $7.89 $7.10 $6.46
Price
Yield $8.55 $9.50 $10.45
Operating Cost Breakeven 54.6 49.2 44.7
Ownership Cost Breakeven 32.6 29.3 26.6
Total Cost Breakeven 87.2 78.5 71.4
SCI-HRS-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Soft White Spring Wheat Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Wheat: SWS 115 bu $8.00 $920.00
Operating Inputs
Seed: $25.00
Wheat Seed: SWS 100 lb $0.25 $25.00
$0.00
Fertilizer: $140.00
Dry Nitrogen 125 lb $0.82 $102.50
Dry P2O5 50 lb $0.75 $37.50
$0.00
$0.00
$0.00
$0.00
Pesticides: $32.60
Axial XL 16.4 oz $0.95 $15.58
Bronate Advanced 1.0 pint $6.30 $6.30
Starane 0.67 pt $16.00 $10.72
$0.00
$0.00
Custom & Consultants: $62.20
Custom Fertilize 1 ac $7.50 $7.50
Custom Combine 1 ac $34.00 $34.00
Custom Haul 115 bu $0.18 $20.70
$0.00
$0.00
Irrigation: $83.52
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 22 acin $1.48 $32.56
Irrigation Repairs-CP 22 acin $0.58 $12.76
Machinery: $38.44
Fuel - Gas 1.65 gal $3.60 $5.94
Fuel - Diesel 5.66 gal $3.75 $21.23
Lube 1 ac $4.08 $4.08
Machinery Repairs 1 ac $7.19 $7.19
Labor: $33.48
Labor (machine) 1.47 hrs $14.95 $21.98
Labor (irrigation - cp) 0.88 hrs $10.20 $8.98
Labor (other) 0.29 hrs $8.70 $2.52
Other: $16.00
Crop Insurance 1 ac $16.00 $16.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $11.02
Total Operating Costs $442.25
Operating Costs per Unit $3.85
Net Returns Above Operating Expenses $477.75
SCI-SWS-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Soft White Spring Wheat Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.91
Tractors & Equipment Depreciation & Interest $35.58
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $30.00
Total Ownership Costs $278.49
Ownership Costs per Unit $2.42
Total Costs per Acre $720.74
Total Cost per Unit $6.27
Returns to Risk $199.26
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 103.5 115 126.5
Operating Cost Breakeven $4.27 $3.85 $3.50
Ownership Cost Breakeven $2.69 $2.42 $2.20
Total Cost Breakeven $6.96 $6.27 $5.70
Price
Yield $7.20 $8.00 $8.80
Operating Cost Breakeven 61.4 55.3 50.3
Ownership Cost Breakeven 38.7 34.8 31.6
Total Cost Breakeven 100.1 90.1 81.9
SCI-SWS-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Soft White Winter Wheat Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Wheat: SWW 125 bu $8.00 $1,000.00
Operating Inputs
Seed: $21.00
Wheat Seed: SWW 100 lb $0.21 $21.00
$0.00
Fertilizer: $160.50
Dry Nitrogen 150 lb $0.82 $123.00
Dry P2O5 50 lb $0.75 $37.50
$0.00
$0.00
$0.00
$0.00
Pesticides: $32.60
Axial XL 16.4 oz $0.95 $15.58
Bronate Advanced 1.0 pint $6.30 $6.30
Starane 0.67 pt $16.00 $10.72
$0.00
$0.00
Custom & Consultants: $71.50
Custom Fertilize 2 ac $7.50 $15.00
Custom Combine 1 ac $34.00 $34.00
Custom Haul 125 bu $0.18 $22.50
$0.00
$0.00
Irrigation: $79.40
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 20 acin $1.48 $29.60
Irrigation Repairs-CP 20 acin $0.58 $11.60
Machinery: $36.97
Fuel - Gas 1.65 gal $3.60 $5.94
Fuel - Diesel 5.3 gal $3.75 $19.88
Lube 1 ac $3.87 $3.87
Machinery Repairs 1 ac $7.28 $7.28
Labor: $32.66
Labor (machine) 1.47 hrs $14.95 $21.98
Labor (irrigation - cp) 0.8 hrs $10.20 $8.16
Labor (other) 0.29 hrs $8.70 $2.52
Other: $16.00
Crop Insurance 1 ac $16.00 $16.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $18.84
Total Operating Costs $469.46
Operating Costs per Unit $3.76
Net Returns Above Operating Expenses $530.54
SCI-SWW-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Soft White Winter Wheat Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.80
Tractors & Equipment Depreciation & Interest $31.95
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $30.00
Total Ownership Costs $274.75
Ownership Costs per Unit $2.20
Total Costs per Acre $744.21
Total Cost per Unit $5.95
Returns to Risk $255.79
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 112.5 125 137.5
Operating Cost Breakeven $4.17 $3.76 $3.41
Ownership Cost Breakeven $2.44 $2.20 $2.00
Total Cost Breakeven $6.62 $5.95 $5.41
Price
Yield $7.20 $8.00 $8.80
Operating Cost Breakeven 65.2 58.7 53.3
Ownership Cost Breakeven 38.2 34.3 31.2
Total Cost Breakeven 103.4 93.0 84.6
SCI-SWW-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Alfalfa Hay: Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Alfalfa Hay 7 ton $160.00 $1,120.00
Operating Inputs
Seed: $0.00
$0.00
$0.00
Fertilizer: $128.95
Dry Nitrogen 20 lb $0.82 $16.40
Dry P2O5 95 lb $0.75 $71.25
K2O 55 lb $0.46 $25.30
Sulfur 40 lb $0.40 $16.00
$0.00
$0.00
Pesticides: $11.88
Sencor 4L 0.5 qt $23.75 $11.88
$0.00
$0.00
$0.00
$0.00
Custom & Consultants: $238.50
Custom Fertilize 1 ac $7.50 $7.50
Custom Swath & Rake 4 ac $21.00 $84.00
Custom Bale: 1-ton 7 ton $16.00 $112.00
Custom Stack: 1-ton 7 ton $5.00 $35.00
$0.00
Irrigation: $112.36
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 36 acin $1.48 $53.28
Irrigation Repairs-CP 36 acin $0.58 $20.88
Machinery: $9.47
Fuel - Gas 1.46 gal $3.60 $5.26
Fuel - Diesel 0.13 gal $3.75 $0.49
Lube 1 ac $0.86 $0.86
Machinery Repairs 1 ac $2.87 $2.87
Labor: $25.45
Labor (machine) 0.72 hrs $14.95 $10.76
Labor (irrigation - cp) 1.44 hrs $10.20 $14.69
Labor (other) hrs $8.70 $0.00
Other: $0.00
Crop Insurance 1 ac $0.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $17.53
Total Operating Costs $544.14
Operating Costs per Unit $77.73
Net Returns Above Operating Expenses $575.86
SCI-AH-08 University of Idaho AERS Dept
Table 1. 2008 Irrigated Alfalfa Hay: Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.87
Tractors & Equipment Depreciation & Interest $9.74
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $40.00
Amortized Establishment Cost $65.00
Total Ownership Costs $327.61
Ownership Costs per Unit $46.80
Total Costs per Acre $871.75
Total Cost per Unit $124.54
Returns to Risk $248.25
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 6.3 7 7.7
Operating Cost Breakeven $86.37 $77.73 $70.67
Ownership Cost Breakeven $52.00 $46.80 $42.55
Total Cost Breakeven $138.37 $124.54 $113.21
Price
Yield $144.00 $160.00 $176.00
Operating Cost Breakeven 3.8 3.4 3.1
Ownership Cost Breakeven 2.3 2.0 1.9
Total Cost Breakeven 6.1 5.4 5.0
SCI-AH-08 University of Idaho AERS Dept
Table 1. 2007 Irrigated Alfalfa Hay Establishment with Oats: Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Mixed Hay 2 ton $120.00 $240.00
Alfalfa 2 ton $160.00 $320.00
Total 4 ton $560.00
Operating Inputs
Seed: $74.00
Alfalfa Seed 20 lb $3.25 $65.00
Oat Seed 45 lb $0.20 $9.00
Fertilizer: $146.00
Dry Nitrogen 25 lb $0.82 $20.50
Dry P2O5 100 lb $0.75 $75.00
K2O 75 lb $0.46 $34.50
Sulfur 40 lb $0.40 $16.00
$0.00
$0.00
Pesticides: $0.00
$0.00
$0.00
$0.00
$0.00
Custom & Consultants: $133.50
Custom Fertilize 1 ac $7.50 $7.50
Custom Swath & Rake 2 ac $21.00 $42.00
Custom Bale: 1 Ton 4 ton $16.00 $64.00
Custom Stack: 1 Ton 4 ton $5.00 $20.00
$0.00
Irrigation: $81.46
Water Assessment 1 ac $38.20 $38.20
Irrigation Power-CP 21 acin $1.48 $31.08
Irrigation Repairs-CP 21 acin $0.58 $12.18
Machinery: $31.32
Fuel - Gas 1.46 gal $3.60 $5.26
Fuel - Diesel 4.45 gal $3.75 $16.69
Lube 1 ac $3.29 $3.29
Machinery Repairs 1 ac $6.09 $6.09
Labor: $30.43
Labor (machine) 1.15 hrs $14.95 $17.19
Labor (irrigation - cp) 1.05 hrs $10.20 $10.71
Labor (other) 0.29 hrs $8.70 $2.52
Other: $0.00
Crop Insurance 1 ac $0.00
$0.00
Storage: $0.00
Operating Costs $0.00
Repairs $0.00
Operating Interest @ 7.0% $7.08
Total Operating Costs $503.79
Operating Costs per Unit $125.95
Net Returns Above Operating Expenses $56.21
SCI-AE1-07 University of Idaho
Table 1. 2007 Irrigated Alfalfa Hay Establishment with Oats: Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.78
Tractors & Equipment Depreciation & Interest $30.37
Irrigation Equipment Depreciation & Interest
Land * $200.00
Overhead $12.00
Management Fee $27.00
Total Ownership Costs $270.15
Ownership Costs per Unit $67.54
Total Costs per Acre $773.94
Total Cost per Unit $193.48
Returns to Risk -$213.94
Notes:
* Includes irrigation system ownership costs.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 1.8 2 2.2
Operating Cost Breakeven $279.88 $251.89 $229.00
Ownership Cost Breakeven $150.08 $135.08 $122.80
Total Cost Breakeven $429.97 $386.97 $351.79
Price
Yield $144.00 $160.00 $176.00
Operating Cost Breakeven 3.5 3.1 2.9
Ownership Cost Breakeven 1.9 1.7 1.5
Total Cost Breakeven 5.4 4.8 4.4
SCI-AE1-07 University of Idaho
Table 1. 2008 Irrigated Alfalfa Hay Establishment Following Winter Wheat:
Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Gross Returns
Alfalfa Hay 0 ton $160.00 $0.00
Operating Inputs
Seed: $65.00
Alfalfa Seed 20 lb $3.25 $65.00
$0.00
Fertilizer: $73.20
Dry Nitrogen 10 lb $0.82 $8.20
Dry P2O5 50 lb $0.75 $37.50
Haul/Apply Manure 11 ton $2.50 $27.50
$0.00
$0.00
$0.00
Pesticides: $0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Custom & Consultants: $7.50
Custom Fertilize 1 ac $7.50 $7.50
$0.00
$0.00
$0.00
$0.00
Irrigation: $13.39
Irrigation Power-CP 6.5 acin $1.48 $9.62
Irrigation Repairs-CP 6.5 acin $0.58 $3.77
$0.00
Machinery: $43.52
Fuel - Gas 1.46 gal $3.60 $5.26
Fuel - Diesel 6.9 gal $3.75 $25.88
Lube 1 ac $4.67 $4.67
Machinery Repairs 1 ac $7.72 $7.72
Labor: $26.67
Labor (machine) 1.39 hrs $14.95 $20.78
Labor (irrigation - cp) 0.33 hrs $10.20 $3.37
Labor (other) 0.29 hr $8.70 $2.52
Other: $0.00
$0.00
$0.00
Operating Interest @ 7.0% $4.80
Total Operating Costs $234.08
Operating Costs per Unit #DIV/0!
Net Returns Above Operating Expenses -$234.08
SCI-AE2-07 University of Idaho
Table 1. 2008 Irrigated Alfalfa Hay Establishment Following Winter Wheat:
Southcentral Idaho.
Quantity Price or Value or
Item Per Acre Unit Cost Cost/Acre
Ownership Costs:
Tractors & Equipment Insurance $0.84
Tractors & Equipment Depreciation & Interest $32.65
Irrigation Equipment Depreciation & Interest
Land *
Overhead $5.50
Management Fee
Total Ownership Costs $38.99
Ownership Costs per Unit #DIV/0!
Total Costs per Acre $273.07
Total Cost per Unit #DIV/0!
Returns to Risk -$273.07
Notes:
* Includes irrigation system ownership costs. Note the water assessment for the establishment year is
assigned to the grain crop grown that year.
Breakeven Analysis: - Base +
10% 10%
Yield
Price 0 0 0
Operating Cost Breakeven #DIV/0! #DIV/0! #DIV/0!
Ownership Cost Breakeven #DIV/0! #DIV/0! #DIV/0!
Total Cost Breakeven #DIV/0! #DIV/0! #DIV/0!
Price
Yield $144.00 $160.00 $176.00
Operating Cost Breakeven 1.6 1.5 1.3
Ownership Cost Breakeven 0.3 0.2 0.2
Total Cost Breakeven 1.9 1.7 1.6
SCI-AE2-07 University of Idaho
