Soyb 1
SOYBEANS - ORGANIC ENTERPRISE BUDGET
Revised: Jan '07 Return Per Acre 1t= $200.10 36.74 bu
Number of Acres =
1
Yield - bu/ac Price - $/bu Production - bu
Optimistic 40 18.00 40
Expected 30 16.00 30 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-seeds kg times kg kg Number -----200 1 0 0 0 Number -----0 0 0 0 0 1 0 0 0 0.82 0.82 0.82 0.82 1 Cost/Unit 0.17 2.00 0.000 0.000 0.000 Cost/Unit 0.00 0.00 0.00 0.00 0.00 16.10 0.00 0.00 0.00 7.38 7.64 6.35 0.95 2.00 50.00
Pessimistic 20 8.00 20
16.10 80% 24.00 27.43% $26.99 Yes $/Acre ------35 2 0 0 0 $/Acre ------0 0 0 0 0 16 0 0 0 6 6 5 1 2 50 $/Year ------35 2 0 0 0 $/Year ------0 0 0 0 0 16 0 0 0 6 6 5 1 2 50
Expenses Variable Costs: Seed Seed Treatment/Inoculant Fertilizer #1 #2 #3
Manure/compost
Unit/Ac Herbicide ------Annual Grasses and Broadleaf Weeds 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. Application Drying tonnes Storage 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 14.75 23.5 0 28.45 0 %year 50
$/Acre 15 24 0 28 0 6 ------196
$/Year 15 24 0 28 0 6 ------196
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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 42.55 31.5 0 9.5
$/Acre 43 32 0 10 ------84 $/Acre 480 196 ------284 84 ------200 Variable Costs Fixed Costs Total Costs $/Year 480 196 ------284 84 ------200 6.54 2.79 ------9.33 78% 78% 0.53
$/Year 43 32 0 0 10 ------84
Chance of at least breaking even ==> Chance of at least 0 Coefficient of variation ==> Returns $/acre
$/acre return ==>
Chances of at least this return per acre 17 % 33 % 50 % 67 % 83 %
448 310 200 90 -48
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 Soybeans:
Transfer General Costs to the Budget
1
Back to Budget
Percent allocated to Soybeans 20% Soybeans
Total Dollars allocated to Soybeans $ 300.00 Soybeans $
Per acre costs for Soybeans 3.00 Soybeans -
Optional: Percent Allocation to other enterprises
Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5
Soybeans Wheat Canola Barley
Total allocated
Cost Item Whole Farm $ Example: 100 acres of Soybeans
Legal and accounting fees $ 1,500.00
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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0% 0% 0%