Corn 1
GRAIN CORN-CONVENTIONAL ENTERPRISE BUDGET Revised: Jan '07 Return Per Acre 1t= $132.90 39.368 bu
Number of Acres =
1
Yield - bu/ac Price - $/bu Production - bu
Optimistic 160 4.25 160
Expected 145 3.90 145 Insurance Evaluation Crop Insurance 0.00 C.I. Premium/ac: n/a Level of Coverage 0.01% Guaranteed Yield/ac. 0.00 Probability of a payout Expected Payout/ac Yes Unit/Ac ------M-kernel ml kg kg kg Participate in CI? (y/n) Number -----30 0 28 32 186 Number -----1 0 0 0 0 1 1 1 1 4.05 3.68 3.68 3.68 0 Cost/Unit --------1.99 0.00 0.477 0.367 0.317 Cost/Unit --------37.15 0.00 0.00 0.00 0.00 11.20 0.00 9.10 9.15 15.45 7.64 7.00 0.40 0.00
Pessimistic 100 2.20 100
Program Payments Premium/ac: Guaranteed Price/bu Probability of a payout Expected Payout/ac
11.20 90% 130.50 31.44% 23.75 Yes $/Acre -----60 0 13 12 59 $/Acre -----37 0 0 0 0 11 0 9 9 63 28 26 1 0 $/Year -----60 0 13 12 59 $/Year -----37 0 0 0 0 11 0 9 9 63 28 26 1 0
Participate in Programs? (y/n)
Expenses Variable Costs: Seed Seed Treatment Fertilizer #1 #2 #3
11-52-0 0-0-60 28-0-0
Unit/Acre Herbicide ------Annual Grasses and Broadleaf kg or l Other Herbicides kg or l Other Herbicides kg or l Insecticides kg or l Fungicides kg or l Crop Insurance Insurance Program Premium Custom Work #1 Chem. Application #2 Fert. Appl.,mix, delivery Drying 8 Points tonnes Storage (4 months) tonnes Trucking tonnes Marketing Fees tonnes Other
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Fuel Mach. Repair & Maint. Bldg. Repair & Maint. Labour General Variable Costs Interest on Operating Capital Total Variable Costs
%int 7
Typical $/Acre 15.1 16.6 0 11.85 0 %year 50
Enterprise $ Allocated 0 0 0 0 0 0
$/Acre 15 17 0 12 0 12 -----384
$/Year 15 17 0 12 0 12 -----384
Fixed Costs: Depreciation Interest on Term Loans Long-term Leases Land Costs General Fixed Costs Total Fixed Costs Revenues: Total Expected Revenues less: Variable Costs Expected Operating Margin less: Fixed Costs Expected Net Revenue Break-even $/bu to cover:
Typical $/Acre 26.25 17.1 0 5.35
Enterprise $ Allocated 0 0 0 0
$/Acre 26 17 0 0 5 -----49 $/Year 566 384 -----182 49 -----133 2.65 0.34 -----2.98 68% 68% 0.51
$/Year 26 17 0 0 5 -----49
$/Acre 566 384 -----182 49 -----133 Variable Costs Fixed Costs Total Costs
Chance of at least breaking even ==> Chance of at least 0 $/acre return ==> Coefficient of variation ==> Returns $/acre 414 257 133 8 -148 Chances of at least this return per acre 17 % 33 % 50 % 67 % 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 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:
Transfer General Costs to the Budget
1 Optional: Percent Allocation to other enterprises
Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5
Soybeans Wheat Canola Barley
Percent allocated to
Total Dollars allocated to Grain Corn $ 300.00 Grain Corn -
Per acre costs for Grain Corn $ 3.00
Total allocated
Cost Item Whole Farm $ Example: 100 acres of Grain Corn
Legal and accounting fees $ 1,500.00
Grain Corn 20% Grain Corn $ $ $ $ $ $ $ $ $ $ $ $
20%
20%
20%
20%
100%
General Variable Costs
Advertising Electricity and heating fuel Telephone Memberships/subscription fees Office expenses Legal and accounting fees Motor vehicle expenses Small tools Soil testing Licenses/permits Other general variable costs
Whole Farm $
Total General Variable Costs $
General Fixed Costs Property taxes Other insurance premiums Other general fixed costs Total General Fixed Costs $
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Grain Corn $ $ $ $ $ $ $ $ $ $ $ $ -
Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
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$ $ $ $
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$ $ $ $
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0% 0% 0%