Soyb 1
SOYBEANS - ROUNDUP READY ENTERPRISE BUDGET Revised: Jan '07 Number of Acres = 1 Return Per Acre 1t= $112.14 36.74 bu
Yield - bu/ac Price - $/bu Production - bu
Optimistic 50 10.00 50
Expected 41 8.15 41 Insurance Evaluation Crop Insurance 0.00 C.I. Premium/ac: 0.00 Level of Coverage 0.01% Guaranteed Yield/ac. $0.00 Probability of a payout Expected Payout/ac Yes Unit/Ac ------kg kg kg kg kg Unit/Ac ------kg or l kg or l kg or l kg or l kg or l Insurance Participate in CI? (y/n) Number -----36.2 0.327 40 0 0 Number -----1 1 0 0 0 1 1 1 1 1.12 1.12 1.12 1.12 0 Cost/Unit 1.62 15.30 0.376 0.000 0.000 Cost/Unit 8.95 8.95 0.00 0.00 0.00 9.90 0.00 18.20 9.15 7.38 7.64 6.35 0.95 0.00
Pessimistic 34 5.85 34
Program Payments Premium/ac: Guaranteed Price/bu Probability of a payout Expected Payout/ac
9.90 90% 36.90 30.42% $12.65 Yes $/Acre ------59 5 15 0 0 $/Acre ------9 9 0 0 0 10 0 18 9 8 9 7 1 0 $/Year ------59 5 15 0 0 $/Year ------9 9 0 0 0 10 0 18 9 8 9 7 1 0
Participate in Programs? (y/n)
Expenses Variable Costs: Seed Seed Treatment Fertilizer #1 #2 #3
6-24-24
Herbicide Annual Grasses and Broadleaf Weeds Other Herbicides Other Herbicides Insecticides Fungicides Crop Insurance Program Premium Custom Work #1 Chem. Application #2 Fert. Application Drying Storage Trucking Marketing Fees Other
tonnes tonnes tonnes tonnes
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Fuel Mach. Repair & Maint. Bldg. Repair & Maint. Labour General Variable Costs Interest on Operating Capital Total Variable Costs 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:
%int 7
Typical $/Acre 7.65 10.7 0 5.1 0 %year 50
Enterprise $ Allocated 0 0 0 0 0 0
$/Acre 8 11 0 5 0 6 ------188 $/Acre 18 12 0 0 4 ------34 $/Year 334 188 ------146 34 ------112 4.59 0.82 ------5.41 75% 75% 0.50
$/Year 8 11 0 5 0 6 ------188 $/Year 18 12 0 0 4 ------34
Typical $/Acre 17.6 12.45 0 3.6
Enterprise $ Allocated 0 0 0 0
$/Acre 334 188 ------146 34 ------112 Variable Costs Fixed Costs Total Costs
Chance of at least breaking even ==> Chance of at least 0 $/acre return ==> Coefficient of variation ==> Returns $/acre Chances of at least this return per acre 17 % 33 % 50 % 67 % 83 %
274 184 112 40 -50
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 $
-
$ $ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $ $
-
$ $ $ $
-
$ $ $ $
-
0% 0% 0%