Pumpkins, Jack-o-Lantern by spq13998

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									2002 Jack-o-Lantern Pumpkin Budget
Michigan State University Department of Agricultural Economics Staff Paper



Pumpkins, Jack-o-Lantern
Wholesale
                                                          Price per       Cost per
                                    Quantity    Unit           Unit          Acre    Your Farm
REVENUE SOURCES
 Pumpkins                                 12      ton $        -      $         -

TOTAL REVENUE                                                         $         -

EXPENSES
 Soil test                                                            $         2
 Fall tillage1                                                        $        18
 Spring ground preparation
   Tillage2                                                           $        29
   Fertilizer
      Potash                              200      lb $      0.13     $        26
      Limestone                          0.33      lb $     20.00     $         7
 Seed                                       2      lb $     16.00     $        32
 Planting3                                                            $        16
 Fertilizer
   20-20-20                              250       lb $       0.54    $       135
   20-20-20 with micros                    5       lb $       0.70    $         4
   Calcium nitrate                       350       lb $       0.15    $        53
 Herbicide Materials4                                                 $        22
 Insecticide Materials5                                               $        25
 Fungicide Materials6                                                 $       156
 Spray applications                       12    apps $        7.00    $        84
 Hoeing                                                               $        25
 Cultivate7                                                           $        16
 Bees - Hive rental                                                   $        70
 Harvest
   Windrowing                                                         $       240
   Labor8                                 34    boxes $      9.00     $       309
   Boxes9                                 34    boxes $     12.00     $       411
   Pallets                                34    boxes $      5.00     $       171
 Land rent                                                            $        50
 Insurance                                                            $         7
 Interest10                               7%                          $        29
 Tool shed & repair overhead11                                        $         -
 Marketing, management & supervision12                                $       150

TOTAL EXPENSES                                                        $     2,086
2002 Jack-o-Lantern Pumpkin Budget
Michigan State University Department of Agricultural Economics Staff Paper


1 Includes chisel plowing and v-ripping every 3rd year. Amount of fall preparation needed is highly
dependent on previous year's crop.
2 Includes discing, field cultivation (herbicide is sprayed at this time), rotary hoeing and fertilizer spreading.
3 Plant using a planter with custom-made plates or a plateless planter.
4 Includes one pre-plant application each of Curbit and Command.
5 Includes 3.5 applications of Asana.
6 Includes 10 total applications of disease control materials which include Bravo Weatherstick, Champ,
Kocide and Nova alone or in combination
7 Includes field cultivation an average of 1.5 times per year and sidedress of calcium nitrate.
8 Includes clipping pumpkin from vine, minor cleaning and putting into the box.
9 Pumpkins are sold in 700 lb boxes.
10 Operating capital assumed to be half of the variable costs (excluding custom charges) for half of the
year.
11 These costs are included in custom rates.
12 Includes cost of marketing, management and supervision time and a vehicle for the manager.
2002 Jack-o-Lantern Pumpkin Budget
Michigan State University Department of Agricultural Economics Staff Paper


Expected Jack-o-Lantern pumpkin net income (loss) per
acre at selected price and yield combinations.
                             Yield, tons
  Price          10      10.5         11   11.5     12
 $ 120 $ (737) $ (714) $ (692) $ (669) $ (646)
 $ 140 $ (537) $ (504) $ (472) $ (439) $ (406)
 $ 160 $ (337) $ (294) $ (252) $ (209) $ (166)
 $ 180 $ (137) $         (84) $     (32) $  21 $   74
 $ 200 $        63 $ 126 $ 188 $ 251 $ 314
2002 Jack-o-Lantern Pumpkin Budget Assumptions
Michigan State University Department of Agricultural Economics Staff Paper

                  Fertilizer      Unit Price
N - urea                           lb N $ 0.25
N - NH3                            lb N $ 0.20
P - MAP                        lb P2O5 $ 0.18
K - Potash                      lb K20 $ 0.13
Lime                               ton $ 20
Boron-14.3%                          lb $ 0.35
Sulfur                               lb $ 0.17
Calcium Nitrate (15-0-0-19)        ton $ 305
20-20-20 (Nutraleaf/Tracit)          lb $ 0.54
2002 Jack-o-Lantern Pumpkin Budget Assumptions
Michigan State University Department of Agricultural Economics Staff Paper

                                                                                            Cost per
                         Chemical   App Rate    App Number                      Cost per    Chemical
Chemical                   Type     per Acre    Unit of Apps Cost/Unit   Unit   Chemical      Type
Command                        H           12     oz       1   $ 82.00    gal   $    7.69
Curbit                         H          1.5     qt       1   $ 38.50    gal   $   14.44   $ 22.13
Asana                           I           9     oz     3.5   $102.00    gal   $   25.10   $ 25.10
Bravo Weatherstick             F            1     qt       7   $ 44.50    gal   $   77.88
Champ                          F          1.5     pt       3   $ 25.43    gal   $   14.30
Kocide                         F            1     lb       3   $ 2.88      lb   $    8.64
Nova                           F            5     oz       3   $ 3.65      oz   $   54.75   $ 155.57

								
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