Corn 1
GRAIN CORN-ORGANIC ENTERPRISE BUDGET
Revised: Jan '07 Return Per Acre 1t= $282.24 39.368 bu
Number of Acres =
1
Yield - bu/ac Price - $/bu Production - bu
Optimistic 125 7.75 125
Expected 94 7.20 94 Insurance Evaluation Crop Insurance C.I. Premium/ac: Level of Coverage Guaranteed Yield/ac. Probability of a payout Expected Payout/ac Participate in CI? (y/n) Unit/Ac ------M-kernel ml times kg kg Number -----30 0 1 0 0 Number -----0 0 0 0 0 1 0 0 0 2.63 2.39 2.39 2.39 1 Cost/Unit --------1.74 0.00 70.000 0.000 0.000 Cost/Unit --------0.00 0.00 0.00 0.00 0.00 11.20 0.00 0.00 0.00 15.44 7.64 7.00 0.40 2.00 50.00
Pessimistic 70 3.90 70
11.20 90% 84.60 36.62% 49.72 Yes $/Acre -----52 0 70 0 0 $/Acre -----0 0 0 0 0 11 0 0 0 41 18 17 1 2 50 $/Year -----52 0 70 0 0 $/Year -----0 0 0 0 0 11 0 0 0 41 18 17 1 2 50
Expenses Variable Costs: Seed Seed Treatment Fertilizer #1 #2 #3
Manure/compost
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 Certification fees Other Soil maintenance (cover crop, fallow etc)
Fuel Mach. Repair & Maint. Bldg. Repair & Maint. Labour General Variable Costs Interest on Operating Capital Total Variable Costs
%int 7
Typical $/Acre 17.3 18 0 20.55 0 %year 50
Enterprise $ Allocated 0 0 0 0 0 0
$/Acre 17 18 0 21 0 10 -----328
$/Year 17 18 0 21 0 10 -----328
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Fixed Costs: Depreciation Interest on Term Loans Land Costs Long-term Leases 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 35.5 24.7 0 6.2
Enterprise $ Allocated 0 0 0 0
$/Acre 36 25 0 6 -----66 $/Year 677 328 -----349 66 -----282 3.49 0.71 -----4.20 81% 81% 0.48
$/Year 36 25 0 0 6 -----66
$/Acre 677 328 -----349 66 -----282 Variable Costs Fixed Costs Total Costs
Chance of at least breaking even ==> Chance of at least 0 Coefficient of variation ==> Returns $/acre 599 423 282 142 -35
$/acre return ==>
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 $
-
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%