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Corn 1 GRAIN CORN-CONVENTIONAL ENTERPRISE BUDGET Revised: Jan '12
Return Per Acre $241.51
Number of Acres = 1 1t= 39.368 bu
Optimistic Expected Pessimistic
Yield - bu/ac 164 150 134
Price - $/bu 6.20 5.25 2.71
Production - bu 164 150 134
Insurance Evaluation
Crop Insurance
C.I. Premium/ac: 13.45
Level of Coverage 90%
Guaranteed Yield/ac. 135.00
Probability of a payout 15.86%
Expected Payout/ac 6.56
Participate in CI? (y/n) Yes
Unit/Ac Number Cost/Unit $/Acre $/Year
Expenses ------- ------ --------- ------ ------
Variable Costs:
Seed M-kernel 32 3.24 104 104
Seed Treatment ml 0 0.00 0 0
Fertilizer #1 N kg 62 1.470 91 91
#2 P kg 8 1.280 10 10
#3 K kg 20 1.140 23 23
Unit/Acre Number Cost/Unit $/Acre $/Year
Herbicide ------- ------ --------- ------ ------
Annual Grasses and Broadleaf kg or l 1 13.05 13 13
Other Herbicides kg or l 0 0.00 0 0
Other Herbicides kg or l 0 0.00 0 0
Insecticides kg or l 0 0.00 0 0
Fungicides kg or l 0 0.00 0 0
Crop Insurance Insurance 1 13.45 13 13
Program Premium bu 0 0.00 0 0
Custom Work #1 Chem. Application 1 10.20 10 10
#2 Fert. Appl.,mix, delivery 1 10.20 10 10
Drying 8 Points tonnes 4.19 19.75 83 83
Storage (4 months) tonnes 3.81 8.24 31 31
Trucking tonnes 3.81 9.06 35 35
Marketing Fees tonnes 3.81 0.40 2 2
Other 0 0.00 0 0
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Typical Enterprise
$/Acre $ Allocated $/Acre $/Year
Fuel 28 0 28 28
Mach. Repair & Maint. 15.85 0 16 16
Bldg. Repair & Maint. 0 0 0 0
Labour 15.5 0 16 16
General Variable Costs 0 0 0 0
Interest on %int %year
Operating Capital 4 50 0 9 9
------ ------
Total Variable Costs 493 493
Typical Enterprise
Fixed Costs: $/Acre $ Allocated $/Acre $/Year
Depreciation 28.45 0 28 28
Interest on Term Loans 13.05 0 13 13
Long-term Leases 0 0 0 0
Land Costs 0 0
General Fixed Costs 11.2 0 11 11
------ ------
Total Fixed Costs 53 53
Revenues: $/Acre $/Year
Total Expected Revenues 788 788
less: Variable Costs 493 493
------ ------
Expected Operating Margin 294 294
less: Fixed Costs 53 53
------ ------
Expected Net Revenue 242 242
Break-even $/bu to cover: Variable Costs 3.29
Fixed Costs 0.35
------
Total Costs 3.64
Chance of at least breaking even ==> 76%
Chance of at least 0 $/acre return ==> 76%
Risk Indicator - Coefficient of variation ==> 0.43 High Risk
Returns $/acre Chances of at least
this return per acre
571 17 %
387 33 %
242 50 %
96 67 %
-88 83 %
The user of this worksheet assumes all responsibility.
For more information:
OMAFRA Agricultural Information Centre
ag.info.omafra@ontario.ca
1-877-424-1300
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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 if you wish to arrive at a total cost of
production. Click the transfer button to include the costs calculated in this table into the enterprise budget.
Back to the Budget
Total acres of Grain Corn: 1
Transfer General
Costs to the Budget Optional: Percent Allocation to other
Percent Total Dollars Per acre
enterprises Total
allocated to allocated to costs for allocated
Cost Item Whole Farm $ Grain Corn Grain Corn Grain Corn Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5
Example: 100 acres of Grain Corn Soybeans Wheat Canola Barley
Legal and accounting fees $ 1,500.00 20% $ 300.00 $ 3.00 20% 20% 20% 20% 100%
General Variable Costs Whole Farm $ Grain Corn Grain Corn Grain Corn Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5
Advertising $ - $ - 0%
Electricity and heating fuel $ - $ - 0%
Telephone $ - $ - 0%
Memberships/subscription fees $ - $ - 0%
Office expenses $ - $ - 0%
Legal and accounting fees $ - $ - 0%
Motor vehicle expenses $ - $ - 0%
Small tools $ - $ - 0%
Soil testing $ - $ - 0%
Licenses/permits $ - $ - 0%
Other general variable costs $ - $ - 0%
Total General Variable Costs $ - $ - $ -
General Fixed Costs
Property taxes $ - $ - 0%
Other insurance premiums $ - $ - 0%
Other general fixed costs $ - $ - 0%
Total General Fixed Costs $ - $ - $ -
