Wwheat 1
SPELT - ORGANIC ENTERPRISE BUDGET
Revised: Jan '07 Return Per Acre $120.02
Number of Acres =
1
Spelt Yield - t/ac Price - $/t Straw Yield - bales/ac Price - $/bale Total Production Spelt - bu Straw - bales
Optimistic 1.5 450.00 1.5 0
Expected 1 400.00 1 0 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 ------lb kg times kg kg Unit/Ac ------kg or l kg or l kg or l kg or l kg or l Insurance Number -----180 0 1 0 0 Number -----0 0 0 0 0 0 1 0 0 0 1.10 1 1.00 1.00 1 1 Cost/Unit 0.36 0.00 70.000 0.000 0.000 Cost/Unit 0.00 0.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0 0.00 6.35 0.00 0.05 2.00 50.00
Pessimistic 0.75 360.00 0.75 0
0.00 0% 0.00 0.38% $0.17 No $/Acre ------65 0 70 0 0 $/Acre ------0 0 0 0 0 0 0 0 0 0 0 0 6 0 0 2 50 $/Year ------65 0 70 0 0 $/Year ------0 0 0 0 0 0 0 0 0 0 0 0 6 0 0 2 50
Expenses Variable Costs: Seed Seed Treatment Fertilizer #1 #2 #3
Manure/compost
Herbicide Annual Grasses Broadleaf Herbicides Other Herbicides Insecticides Fungicides Growth Regulators Crop Insurance Program Premium Custom Work #1 #2 Drying Storage Trucking
Fertilizer App. Chem. Application tonnes tonnes tonnes
Marketing Fee tonnes Twine sq. bales 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 7.8 11.5 0 12.45 0 %year 83
Enterprise $ Allocated 0 0 0 0 0
$/Acre 8 12 0 12 0
$/Year 8 12 0 12 0
0
13 ------237
13 ------237
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Fixed Costs: Depreciation Interest on Term Loans Land costs Long-term Leases General Fixed Costs Total Fixed Costs
Typical $/Acre 22.5 15.5 0 4.5
Enterprise $ Allocated 0 0 0 0
$/Acre 23 16 0 5 ------43
$/Year 23 16 0 0 5 ------43
Revenues: Total Expected Revenues less: Variable Costs Expected Operating Margin less: Fixed Costs Expected Net Revenue Break-even $/bu to cover:
$/Acre 400 237 ------163 43 ------120 Variable Costs Fixed Costs Total Costs
$/Year 400 237 ------163 43 ------120 237.48 42.50 ------279.98
Chance of at least breaking even ==> Chance of at least 0 Coefficient of variation ==> Returns $/acre
$/acre return ==>
74% 74% 0.46
Chances of at least this return per acre 17 % 33 % 50 % 67 % 83 %
299 199 120 41 -59
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 Spelt:
Transfer General Costs to the Budget
1
Back to Budget
Percent allocated to
Total Dollars allocated to SW Wheat $ 300.00 SW Wheat -
Per acre costs for SW Wheat $ 3.00
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 Spelt
Legal and accounting fees $ 1,500.00
SW Wheat 20% SW Wheat $ $ $ $ $ $ $ $ $ $ $ $
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 $
-
SW Wheat $ $ $ $ $ $ $ $ $ $ $ $ -
Enterprise 2 Enterprise 3 Enterprise 4 Enterprise 5 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-
$ $ $ $
-
$ $ $ $
-
0% 0% 0%