wheat org by 4u0Ehlo

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									Wwheat 1                    SOFT WINTER WHEAT - ORGANIC ENTERPRISE BUDGET                 Revised: Jan '12

                                                                            Return Per Acre                     $174.27
              Number of Acres =                      1                        1t=                    36.74 bu



Wheat                           Optimistic                     Expected                    Pessimistic
Yield - bu/ac                       75                            50                           45
Price - $/bu                     13.50                          11.55                         6.70
Straw
Yield - bales/ac                     -                             -                             -
Price - $/bale                       -                             -                             -
Total Production
Wheat - bu                          75                            50                            45
Straw - bales                        0                             0                             0

                                                Insurance Evaluation
                                                             Crop Insurance
                                                             C.I. Premium/ac:                                   16.55
                                                             Level of Coverage                                   90%
                                                             Guaranteed Yield/ac.                               45.00
                                                             Probability of a payout                            36.94%
                                                             Expected Payout/ac                                 $44.05

                                                              Participate in CI? (y/n)                            Yes

                                                  Unit/Ac      Number         Cost/Unit       $/Acre            $/Year
Expenses                                           -------       ------           -            -------           -------
Variable Costs:
Seed                                                 lb           150           0.51           77                 77
Seed Treatment                                       kg            0            0.00            0                 0
Fertilizer    #1             Manure/compost        times           1           100.000         100               100
              #2                                     kg            0            0.000           0                 0
              #3                                     kg            0            0.000           0                 0

                                                  Unit/Ac      Number         Cost/Unit       $/Acre            $/Year
Herbicide                                          -------       ------           -            -------           -------
 Annual Grasses                                   kg or l         0             0.00             0                0
 Broadleaf 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
Growth Regulators                                                 0               0              0                0
Crop Insurance                                   Insurance        1            16.55            17                17
Program Premium                                                   0               0              0                0
Custom Work #1              Fertilizer App.                       0             0.00             0                0
        #2                  Chem. Application                     0             0.00             0                0
Drying                                            tonnes        1.50              0              0                0
Storage                                           tonnes          0             0.00             0                0
Trucking                                          tonnes        1.36            8.35            11                11

Marketing Fee                                      tonnes        1.36           2.00             3                3
Twine                                             sq. bales        -            0.05             0                0
Certification fees                                                 1            3.00             3                3
Other          Soil maintenance (cover crop, fallow etc)           1            50.00           50                50



                                                  Typical     Enterprise
                                                   $/Acre     $ Allocated                     $/Acre            $/Year
Fuel                                               19.55           0                            20                20
Mach. Repair & Maint.                              15.55           0                            16                16
Bldg. Repair & Maint.                                0             0                             0                0
Labour                                             42.45           0                            42                42
General Variable Costs                               0             0                             0                0

Interest on                        %int            %year
Operating Capital                   4               83             0                            11                11
                                                                                               -------           -------
Total Variable Costs                                                                           348               348




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                                                     Typical       Enterprise
Fixed Costs:                                          $/Acre       $ Allocated                   $/Acre      $/Year
Depreciation                                          29.05             0                          29          29
Interest on Term Loans                                14.45             0                          14          14
Land costs                                               -                                          -          0
Long-term Leases                                        0                0                          0          0
General Fixed Costs                                   11.25              0                         11          11
                                                                                                  -------     -------
Total Fixed Costs                                                                                  55          55



Revenues:                                                              $/Acre         $/Year
Total Expected Revenues                                                 578            578

  less: Variable Costs                                                  348            348
                                                                        -------        -------
Expected Operating Margin                                               229            229
  less: Fixed Costs                                                      55             55
                                                                        -------        -------
Expected Net Revenue                                                    174            174

     Break-even $/bu to cover:                                   Variable Costs                  6.97
                                                                 Fixed Costs                     1.10
                                                                                                 -------
                                                                 Total Costs                     8.06




             Chance of at least breaking even           ==>                                       73%
             Chance of at least                         0        $/acre return ==>                73%

                                 Risk Indicator - Coefficient of variation              ==>      0.50       High Risk

                              Returns $/acre                   Chances of at least
                                                               this return per acre

                                      456                                 17 %
                                      299                                 33 %
                                      174                                 50 %
                                      49                                  67 %
                                     -108                                 83 %




                          The user of this worksheet assumes all responsibility.

                                               For more information:
                                     OMAFRA Agricultural Information Centre
                                            ag.info@omafra.gov.on.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 to arrive at a total cost of production.
                                 Click the transfer button to include the costs calculated in this table into the enterprise budget.

Total acres of SW Wheat:                    1                                                                                 Back to Budget


   Transfer General Costs                                                                                     Optional: Percent Allocation to other
       to the Budget
                                                         Percent        Total Dollars        Per acre
                                                                                                                          enterprises                                    Total
                                                       allocated to     allocated to         costs for                                                                allocated
Cost Item                 Whole Farm $                  SW Wheat           SW Wheat        SW Wheat       Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5
Example: 100 acres of SW Wheat                                                                             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 $      SW Wheat           SW Wheat       SW Wheat        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 $               -                    $           -     $          -

								
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