Flax 1
FLAX (GRAIN) ENTERPRISE BUDGET Number of Acres = 1
Revised: Mar '06 Return Per Acre 1t= $104.66 39.368 bu
Yield - bu/ac Price - $/bu Production - bu
Optimistic 40 16.00 40
Expected 28 8.73 28 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 ------kg ml kg kg kg Number -----17 1 Cost/Unit --------0.76 22.000
Pessimistic 15 6.00 15
0.00 0% 0.00 1.26% 0.47 Yes $/Acre -----13 0 22 0 0 $/Acre -----6 9 0 0 0 0 0 18 9 0 0 5 0 0 $/Year -----13 0 22 0 0 $/Year -----6 9 0 0 0 0 0 18 9 0 0 5 0 0
Expenses Variable Costs: Seed Seed Treatment Fertilizer #1 #2 #3
N-P-K
Unit/Acre Herbicide ------Annual Grasses and Broadleaf kg or l Dessicant 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 tonnes Storage tonnes Trucking tonnes Marketing Fees tonnes Other
Number -----1 1 0 0 0 1 0 2 1 0.78 0 0.71 0.71 0
Cost/Unit --------6.00 9.00 0.00 0.00 0.00 0.00 0.00 9.15 9.20 0.00 0.00 6.38 0.00 0.00
Fuel Mach. Repair & Maint. Bldg. Repair & Maint. Labour General Variable Costs Interest on Operating Capital Total Variable Costs
%int 5.5
Typical $/Acre 8 11 0 5 0 %year 50
$/Acre 8 11 0 5 0 3 -----108
$/Year 8 11 0 5 0 3 -----108
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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 16 12 0 4
$/Acre 16 12 0 4 -----32 $/Acre 244 108 -----136 32 -----105 Variable Costs Fixed Costs Total Costs $/Year 244 108 -----136 32 -----105 3.86 1.13 -----4.99 70% 70% 0.81
$/Year 16 12 0 0 4 -----32
Chance of at least breaking even ==> Chance of at least 0 $/acre return ==> Coefficient of variation ==> Returns $/acre 296 189 105 20 -87 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 Flax:
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 Flax $ 300.00 Flax $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
Per acre costs for Flax 3.00 Flax -
Total allocated
Cost Item Example: 100 acres of Flax
Legal and accounting fees
Whole Farm $ $ 1,500.00
Flax 20% Flax
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 $
Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Total General Variable Costs $
General Fixed Costs Property taxes Other insurance premiums Other general fixed costs Total General Fixed Costs $
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-
$ $ $ $
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$ $ $ $
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0% 0% 0%