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EWCo_ConvTill_Apr24_08

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					Costs of Production for Typical Crops in Eastern Whitman County
18" or more Annual Rainfall, Conventional Tillage, April 2008

Kathleen Painter, Washington State University
kpainter@wsu.edu
INSTRUCTIONS AND ASSUMPTIONS


Since farming is inherently variable and constantly changing, we hope that this spreadsheet format
will be helpful in adjusting these budgets to reflect your particular operation. Enterprise costs and
returns vary from one location to the next and over time for any particular farming operation.
Variability stems from differences in the following:

• Capital, labor, and natural resources
• Type and size of machinery complement
• Cultural practices
• Size of farm enterprise
• Crop yields
• Input prices
• Commodity prices
• Management skill

Please examine closely the assumptions we have used and make adjustments to reflect your
particular operation. Adjustments in the variable costs can easily be made without affecting the
overall accuracy of the budget information, with the exception of interest on operating capital and
overhead, which are based on percentages. Fixed costs in these budgets are based on a budget
generator program that incorporates detailed information on the machinery complement and
performs complex calculations based on machinery width, tractor horsepower, type of operation,
etc. In the variable costs section, fuel and machinery repair costs will be affected by changes in
machinery usage. The fixed costs section of the budget presents costs that are incurred regardless of
crop production practices. These costs will change if your machinery complement differs from those

Machinery Costs:


The machinery complement used in these calculations in presented in the worksheet following the
winter canola budget. Machinery fixed costs include depreciation, interest on the investment,
property taxes, insurance, and housing. For the overall farm operation, these costs do not vary by
crop, given the ownership of a specific machinery complement, and are incurred whether or not
crops are grown. Machinery fixed costs for a specific field operation are determined by multiplying
the machine hours per acre times per hour fixed cost. Per hour fixed costs are determined by
dividing the total fixed cost by the annual hours of machinery use for the representative firm.

Machinery interest costs are calculated on the average annual investment in the machine. The
formula used to calculate the average machine investment is:

                                 (Purchase Cost + Salvage Value)/2
The 9% interest charge made against this average investment represents an opportunity cost (returns
forgone by investing in a given machine implement rather than in an alternative investment) or
interest paid on money borrowed to finance machine purchases, or both. Machinery interest cost for
one acre of the crop enterprise being analyzed is determined by multiplying the respective machine
hours per acre times the per hour interest costs shown in the machinery complement worksheet.

Land Costs:
Costs of production among producers tend to be somewhat similar for any particular production
system, regardless of production level, when land costs are not taken into consideration. Since the
net land rental value is based on production level, land cost varies directly with production level,
which in turn directly affects total cost. Land costs, included either as real or as opportunity costs,
are based on the share rental arrangement typical in the area. In our study, net land rental cost was
calculated as:

1/3 Crop Value – (1/3 Fertilizer Cost + 1/3 Chemical Cost + 1/3 Crop Insurance + Land Taxes)

Land fixed costs include taxes and net rent, which are based on rental agreements typical for the
area minus expenditures typically covered by the landlord. The typical lease agreement in the areas
surveyed is a one-third land owner and two-third tenant crop share, with the land owner paying land
taxes, one-third of the fertilizer cost, one-third of the chemical cost, and one-third of the crop
insurance. The tenant covers all other production expenses.

While the owner-operator will not actually experience a land rental cost, this cost represents the
minimum return owner-operators must realize to justify growing the crop themselves. This net rent
return represents the income the owner-operator forgoes by producing the crop rather than renting to
a tenant who produces the crop. As a result of owning land, the farmer receives both current returns
from the farming operation and any long-term appreciation in land value. However, the farmer
would continue to realize land value appreciation even if the land is rented out. Consequently, the
appropriate land charge for growing the crop is only the forgone net rent. As used in this
publication, for land that is owned and not rented, land cost is termed an opportunity cost to indicate
that it is not an out-of-pocket expense, but rather a return that is forgone as a result of choosing to
use the land to grow this crop. To determine the profitability of crop production relative to other
activities, the owner-operator may want to consider these forgone returns, or opportunity costs,
along with the usual production expenses.

Inputs Prices:

Input prices are based on April, 2008, quotes from chemical and seed dealers. These prices are
subject to change, however, and will affect profitability of different crops. Input price changes can
be made on the Input Costs tab (located after the crop budgets). If changes are made on this tab, all
of the cost calculations will be automatically updated. If input cost changes are made on individual
crop price sheets, the input cost formulas will be over-ridden and this function will no longer work.
Crop Prices:


Grain and canola prices were based on futures prices for July and August 2008, as of April, 2008,
FOB Lind, Washington. (Source: Union Elevator, http://www.unionelevator.com) Prices for peas,
lentils, and garbanzos are based on the USDA Bean Market News report, April, 2008. (Source:
http://www.ams.usda.gov/)
Acknowledgments:
First of all, we wish to thank the farmer cooperators who were willing to share their enterprise
information in order to create this worksheet. Without their assistance we would not be able to
provide this information to others. We also wish to acknowledge the generous assistance of Robert
Smathers at the University of Idaho. With his permission, we have used the UI spreadsheet format
to present our budget information. Crop enterprise budgets for all of the major crops in each
production region for the state of Idaho can be found on their website,
http://www.ag.uidaho.edu/aers/r_crops.htm
hope that this spreadsheet format
 operation. Enterprise costs and
articular farming operation.




 djustments to reflect your
be made without affecting the
 nterest on operating capital and
 dgets are based on a budget
 achinery complement and
 horsepower, type of operation,
will be affected by changes in
osts that are incurred regardless of
ery complement differs from those




d in the worksheet following the
  interest on the investment,
tion, these costs do not vary by
nd are incurred whether or not
 on are determined by multiplying
ed costs are determined by
 for the representative firm.

 stment in the machine. The


 /2
esents an opportunity cost (returns
an alternative investment) or
 both. Machinery interest cost for
ultiplying the respective machine
inery complement worksheet.


r for any particular production
 en into consideration. Since the
 directly with production level,
r as real or as opportunity costs,
 r study, net land rental cost was


 rop Insurance + Land Taxes)

ntal agreements typical for the
pical lease agreement in the areas
 , with the land owner paying land
 t, and one-third of the crop



 l cost, this cost represents the
 he crop themselves. This net rent
cing the crop rather than renting to
rmer receives both current returns
d value. However, the farmer
 is rented out. Consequently, the
 et rent. As used in this
med an opportunity cost to indicate
  rgone as a result of choosing to
op production relative to other
 returns, or opportunity costs,




eed dealers. These prices are
nt crops. Input price changes can
 changes are made on this tab, all
t changes are made on individual
 his function will no longer work.
August 2008, as of April, 2008,
onelevator.com) Prices for peas,
 report, April, 2008. (Source:


 ling to share their enterprise
 nce we would not be able to
 he generous assistance of Robert
e used the UI spreadsheet format
 of the major crops in each
site,
Summary of Returns by Crop and Rotation ($/acre)
Adjust yield and price information in green cells.
All land cost (crop-share) and other data will adjust automatically.
                                                                            Total     Returns
                                                Yield    Price Revenue Cost of        over TC
By Crop:                                  Unit per acre per unit per acre Operation   ($/acre)
Winter Wheat (WW)                          bu     82       $7.50 $615       $404        $211
Spring Barley (SB)                        ton      2     $180.00 $360       $341         $19
Soft White Spring Wheat (SWSW)             bu     65       $7.50 $488       $460         $28
Hard Red Spring Wheat (HRSW)               bu     65       $8.83 $574       $477         $97
Peas (P)                                   lb   2000       $0.19 $380       $305         $75
Lentils (L)                                lb   1200       $0.33 $396       $277        $119
Garbanzos (G)                              lb   1200       $0.35 $420       $351         $69
Spring Canola (SC)                         lb   1800       $0.25 $450       $359         $91
Pushed Spring Canola (PSC)                 lb   1900       $0.25 $475       $378         $97

                                                                                      Returns
                                                                                      over TC
By Rotation:                                                                          ($/acre)
WW, SWSW, P                                                            $494   $390      $104
WW, HRSW, P                                                            $523   $395      $128
WW, SB, P                                                              $452   $350      $102
WW, SWSW, L                                                            $500   $380      $119
WW, HRSW, L                                                            $528   $386      $142
WW, SB, L                                                              $457   $341      $116
WW, SWSW, G                                                            $508   $405      $102
WW, HRSW, G                                                            $536   $411      $126
WW, SB, G                                                              $465   $365      $100
WW, SWSW, SC                                                           $518   $408      $110
WW, HRSW, SC                                                           $546   $413      $133
WW, SB, SC                                                             $475   $368      $107
WW, SWSW, PSC                                                          $526   $414      $112
WW, HRSW, PSC                                                          $555   $420      $135
WW, SB, PSC                                                            $483   $374      $109
 Total     Returns      Land
Variable   over VC      Cost
 Costs     ($/acre)   67/33 CS
 $221        $394       $162
 $237        $123        $75
 $316        $171       $114
 $319        $255       $128
 $171        $209       $109
 $132        $264       $119
 $198        $222       $127
 $220        $230       $112
 $228        $247       $121

           Returns
           over VC
           ($/acre)
 $236        $258       $128
 $237        $286       $133
 $210        $242       $115
 $223        $276       $132
 $224        $304       $137
 $197        $260       $119
 $245        $262       $134
 $246        $290       $139
 $219        $246       $121
 $253        $265       $130
 $254        $293       $134
 $226        $249       $116
 $255        $271       $132
 $256        $299       $137
 $229        $255       $119
Summary of Returns by Crop and Rotation ($/acre)

                       Returns
                  $250 over TC
          By Crop: $211($/acre)
            WW              $211
            $200
             SB              $19
           SWSW              $28
           HRSW              $97
    $/acre/year




            $150
              P              $75                                                                LEGEND:
                                                       $119
              L             $119                                                                Winter Wheat (WW)
             G               $69           $97                               $91 $97            Soft White Spring Wheat (SWSW)
            $100
             SC              $91                 $75                   $69                      Dark Northern Spring Wheat (DNSW)
            PSC              $97                                                                Spring Barley (SB)
                  $50                                                                           Peas (P)
                                     $28                                                        Lentils (L)
                               $19
                                                                                                Garbanzos (G)
                   $0                                                                           Spring Canola (SC)
                                                                                                Pushed Spring Canola (PSC)
                  WW     SB   SWSW        HRSW   P     L               G     SC   PSC




                              Returns
                              over TC
                                                                                                    Returns over Total Costs by Rotatio
  By Rotation:                ($/acre)
WW, SWSW, P                        $243                               $300
WW, DNSW, P                        $229
WW, SB, P                          $211                                                                                               $253
                                                                                                                   $245 $246
                                                                      $250   $236 $237
WW, SWSW, L                        $267                                                         $223 $224                      $219
WW, DNSW, L                        $253                                                  $210
                                                                                                            $197
WW, SB, L                          $235                               $200
WW, SWSW, G                        $249
                                                        $/acre/year




WW, DNSW, G                        $234
                                                                      $150
WW, SB, G                          $216
WW, SWSW, SC                       $240
WW, DNSW, SC                       $225                               $100
WW, SB, SC                         $208
WW, SWSW, PSC                      $241
WW, DNSW, PSC                      $227                               $50
WW, SB, PSC                        $209
                                                                       $0
                       Crop Prices:
                         WW               $7.50
                          SB            $180.00
                        SWSW              $7.50
                        HRSW              $8.83
                           P              $0.19
Wheat (SWSW)               L              $0.33
ing Wheat (DNSW)          G               $0.35
                          SC              $0.25
                         PSC              $0.25




r Total Costs by Rotation

                                                  WW, SWSW, P

                                                  WW, HRSW, P
         $253 $254          $255 $256
                                                  WW, SB, P
                     $226               $229      WW, SWSW, L

                                                  WW, HRSW, L

                                                  WW, SB, L

                                                  WW, SWSW, G

                                                  WW, HRSW, G

                                                  WW, SB, G

                                                  WW, SWSW, SC

                                                  WW, HRSW, SC

                                                  WW, SB, SC

                                                  WW, SWSW, PSC

                                                  WW, HRSW, PSC

                                                  WW, SB, PSC
                        Prices

Fuel:
                                 Unit   Price/unit
Diesel (gal)                     gal      $3.50
Gas (gal)                        gal      $3.00

Seed:
Wheat Seed (lb)                   lb      $0.35
Barley Seed (lb)                  lb      $0.20
Hard Red Spring Wheat             lb      $0.35
Spring Pea Seed                   lb      $0.27
Lentil Seed                       lb      $0.50
Garbanzo Seed                     lb      $0.48
Canola Seed                       lb      $6.00

Fertilizer:
Nitrogen                          lb      $0.67
Phosphorous                       lb      $0.65
Sulfur                            lb      $0.23
Potassium                         lb      $0.44

Adjuvants:
Excel 90                         oz       $0.20
Surfactant                       oz       $0.08
Ammonia Sulfate (liquid)         oz       $0.02
Syltac Sticker                   pt       $6.25
Ultra Pro                        oz       $0.02
M90                              oz       $0.01
Amm. Sulf. (20-0-0-24)           lb       $0.12
In-Place                         oz       $0.24



Custom Rental:
90' Rental Sprayer               acre     $1.75
Custom Aerial                    acre     $6.50
26' Rental Shredder              acre    $10.00
36' Ripper Shooter               acre     $2.50
Fertilizer Applicator            acre     $1.00

Pesticides:
                                 Unit   Price/unit
2,4-D                             oz      $0.13
Achieve                           lb     $32.50
Achieve SC                        oz      $2.00
Ally                              oz     $24.81
Assure II                         oz      $1.20
Axial                             oz      $1.81
Bronate                           pt      $5.68
Brox M                            oz      $0.30
Capture                          acre    $10.17
Dimethoate        oz    $5.25
Discover          oz    $4.41
Fargo             qt   $12.52
Finesse           oz   $17.40
Glyphosphate      oz    $0.39
Imidan            oz    $6.88
Maverick          oz   $17.45
Osprey            oz    $3.55
Prowl             oz    $0.25
Pursuit           oz    $4.15
Quadris           oz    $2.23
Quilt             oz    $1.22
Starane           oz    $0.93
Starane + Salvo   oz    $0.43
Starane + Sword   oz    $0.43
Ultra Pro         oz    $0.02


Price of Labor         $20.00
Production Costs for Conventional Tillage Soft White Winter Wheat, More Than 18"
Precipitation
                                     Quantity           Price or            Value or
              Item                   Per Acre    Unit    Cost               Cost/Acre
Gross Returns
Wheat                                    82      bu      $7.50                      $615.00

Operating Inputs
Seed:                                                              $31.50
Wheat Seed                               90       lb     $0.35                          $31.50
Fertilizer:                                                        $82.10
Nitrogen (dry)                           90       lb     $0.67                          $60.30
Phosphorous (dry)                        30       lb     $0.65                          $19.50
Sulfur (dry)                             10       lb     $0.23                           $2.30
Pesticides:                                                        $27.44
Osprey                                  4.75     oz      $3.55                          $16.86
Starane+Salvo                            22      oz      $0.43                           $9.46
Excel 90                                 3.2     oz      $0.20                           $0.64
Brox M                                   1.6     oz      $0.30                           $0.48
Custom & Consultants:                                              $9.25
Rental Sprayer                           1       acre    $1.75                           $1.75
Rental Stubble Shreader                 0.5      acre   $10.00                           $5.00
Rental Ripper Shooter                    1       acre    $2.50                           $2.50

Other:                                                             $53.22
Crop insurance                            1      acre    $2.50                           $2.50
Overhead                                  1      acre    $7.64                           $7.64
Fuel                                    4.99      gal    $3.50                          $17.45
Lubricants                                1      acre    $2.12                           $2.12
Machinery Repairs                         1      acre    $7.12                           $7.12
Machinery Labor                         0.82     acre   $20.00                          $16.39
Other Labor                                                                              $0.00

Operating Interest                                                                      $17.63
Total Operating Costs                                                               $221.14
Operating Costs per Unit                                                              $2.70
Net Returns Above Operating Expenses                                                $393.86
Ownership Costs:
Machinery depreciation                                                                $8.85
Machinery interest                                                                    $6.35
Machinery insurance, taxes housing, licence                                           $2.04
Land Cost*                                 1     acre   $162.08                     $162.08
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                                               $3.90
Total Ownership Costs                                                               $183.22
Ownership Costs per Unit                                                              $2.23

Total Costs per Acre                                                                $404.36
Total Cost per Unit                                                                   $4.93

Returns to Risk                                                                     $210.64
Production Costs for Conventional Tillage Spring Barley, More Than 18" Precipitation
                                     Quantity           Price or            Value or
              Item                   Per Acre    Unit    Cost               Cost/Acre
Gross Returns
Barley                                   2       ton    $180.00                     $360.00

Operating Inputs

Seed:                                                              $17.00
Barley Seed                              85       lb     $0.20                          $17.00
Fertilizer:                                                        $65.65
Nitrogen (dry)                           80       lb     $0.67                          $53.60
Phosphorous (dry)                        15       lb     $0.65                           $9.75
Sulfur (dry)                             10       lb     $0.23                           $2.30
Pesticides:                                                        $53.42
Roundup                                  24      oz      $0.39                           $9.36
Surfactant                               6.4     oz      $0.08                           $0.52
Ammonia Sulfate                          1.7     lb      $0.02                           $0.03
Fargo                                   1.25     qt     $12.52                          $15.65
Achieve SC                               9.2     oz      $2.00                          $18.40
Starane+Sword                            22      oz      $0.43                           $9.46
Custom & Consultants:                                              $7.75
Rental Sprayer                           1       acre    $1.75                           $1.75
Rental Sprayer                           1       acre    $1.75                           $1.75
Rental Sprayer                           1       acre    $1.75                           $1.75
Rental Ripper Shooter                    1       acre    $2.50                           $2.50

Other:                                                             $74.11
Crop insurance                           1       acre    $2.50                           $2.50
Overhead                                 1       acre    $7.32                           $7.32

Fuel                                    8.07      gal    $3.50                          $28.24
Lubricants                                1      acre    $3.42                           $3.42
Machinery Repairs                         1      acre   $10.76                          $10.76
Storage Facility & Equip. Repairs                                                        $0.00
Machinery Labor                         1.09     acre   $20.00                          $21.87
Other Labor                                                                              $0.00

Operating Interest                                                                      $18.96
Total Operating Costs                                                               $236.89
Operating Costs per Unit                                                            $118.44
Net Returns Above Operating Expenses                                                $123.11
Ownership Costs:
Machinery depreciation                                                                  $13.04
Machinery interest                                                                       $9.64
Machinery insurance, taxes housing, licence                                              $2.46
Land Cost*                                 1     acre   $74.78                          $74.78
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%
Land taxes                                                 $3.90
Total Ownership Costs                                    $103.82
Ownership Costs per Unit                                  $51.91

Total Costs per Acre                                     $340.71
Total Cost per Unit                                      $170.35

Returns to Risk                                           $19.29

Notes:




Breakeven Analysis:           -       Base       +
                            10%                 10%
                                      Yield
             Price           1.8        2        2.1
Operating Cost Breakeven   $131.60   $118.44   $112.80
Ownership Cost Breakeven   $57.68    $51.91    $49.44
Total Cost Breakeven       $189.28   $170.35   $162.24

                                      Price
             Yield         $162.00   $180.00   $198.00
Operating Cost Breakeven     1.5       1.3       1.2
Ownership Cost Breakeven     0.6       0.6       0.5
Total Cost Breakeven         2.1       1.9       1.7
Production Costs for Conventional Tillage Soft White Spring Wheat, More Than 18"
Precipitation
                                    Quantity           Price or            Value or
              Item                  Per Acre   Unit     Cost               Cost/Acre
Gross Returns
Soft White Wheat                       65      bu       $7.50                      $487.50

Operating Inputs

Seed:                                                             $31.50
Soft White Wheat Seed                  90       lb      $0.35                          $31.50
Fertilizer:                                                       $87.85
Nitrogen (dry)                        100       lb      $0.67                          $67.00
Phosphorous (dry)                      15       lb      $0.65                           $9.75
Potassium (dry)                        20       lb      $0.44                           $8.80
Sulfur (dry)                           10       lb      $0.23                           $2.30
Pesticides:                                                       $37.04
Roundup                               24       oz       $0.39                           $9.36
Surfactant                            6.4      oz       $0.08                           $0.52
Ammonia Sulfate                       1.7      lb       $0.02                           $0.03
Axial                                 8.2      oz       $1.81                          $14.84
Brox M                                12       oz       $0.30                           $3.60
Starane                                8       oz       $0.93                           $7.44
InPlace                                5       oz       $0.24                           $1.20
Ammonia Sulfate                       3.2      oz       $0.02                           $0.05
Fungicides:                                                       $23.33
Quilt                                  14      oz       $1.22                          $17.08
Syltac                                  1      pt       $6.25                           $6.25
Custom & Consultants:                                             $14.25
Rental Sprayer                         1       acre     $1.75                           $1.75
Rental Sprayer                         1       acre     $1.75                           $1.75
Rental Sprayer                         1       acre     $1.75                           $1.75
Custom Aerial                          1       acre     $6.50                           $6.50
Rental Ripper Shooter                  1       acre     $2.50                           $2.50

Other:                                                                                 $77.55
Crop insurance                         1       acre     $4.50                           $4.50
Overhead                               1       acre     $8.76                           $8.76

Fuel                                  8.07      gal     $3.50                          $28.24
Lubricants                              1      acre     $3.42                           $3.42
Machinery Repairs                       1      acre    $10.76                          $10.76
Storage Facility & Equip. Repairs                                                       $0.00
Machinery Labor                       1.09     acre    $20.00                          $21.87
Other Labor                                                                             $0.00

Operating Interest                                                                     $21.55
Total Operating Costs                                                              $316.40
Operating Costs per Unit                                                             $4.87
Net Returns Above Operating Expenses                                               $171.10
Ownership Costs:
Machinery depreciation                                              $13.04
Machinery interest                                                   $9.64
Machinery insurance, taxes housing, licence                          $2.46
Land Cost*                                 1     acre    $114.28   $114.28
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                           $3.90
Total Ownership Costs                                              $143.32
Ownership Costs per Unit                                             $2.20

Total Costs per Acre                                               $459.71
Total Cost per Unit                                                  $7.07

Returns to Risk                                                     $27.79

Notes:




Breakeven Analysis:                       -      Base      +
                                        10%               10%
                                                 Yield
             Price                      58.5      65      68.25
Operating Cost Breakeven               $5.41     $4.87    $4.64
Ownership Cost Breakeven               $2.45     $2.20    $2.10
Total Cost Breakeven                   $7.86     $7.07    $6.74

                                                 Price
             Yield                     $6.75     $7.50    $8.25
Operating Cost Breakeven                46.9     42.2     38.4
Ownership Cost Breakeven                21.2     19.1     17.4
Total Cost Breakeven                    68.1     61.3     55.7
Production Costs for Conventional Tillage Hard Red Spring Wheat, More Than 18"
Precipitation
                                    Quantity          Price or            Value or
              Item                  Per Acre   Unit    Cost               Cost/Acre
Gross Returns
Hard Red Wheat                         65      bu      $8.83                      $573.95

Operating Inputs

Seed:                                                            $31.50
Hard Red Wheat Seed                    90       lb     $0.35                          $31.50
Fertilizer:                                                      $107.95
Nitrogen (dry)                        130       lb     $0.67                          $87.10
Phosphorous (dry)                      15       lb     $0.65                           $9.75
Potassium (dry)                        20       lb     $0.44                           $8.80
Sulfur (dry)                           10       lb     $0.23                           $2.30
Pesticides:                                                      $60.37
Roundup                               24       oz      $0.39                           $9.36
Surfactant                            6.4      oz      $0.08                           $0.52
Ammonia Sulfate                       1.7      lb      $0.02                           $0.03
Axial                                 8.2      oz      $1.81                          $14.84
Brox M                                12       oz      $0.30                           $3.60
Starane                                8       oz      $0.93                           $7.44
InPlace                                5       oz      $0.24                           $1.20
Ammonia Sulfate                       3.2      oz      $0.02                           $0.05
Quilt                                 14       oz      $1.22                          $17.08
Syltac Sticker                         1       pt      $6.25                           $6.25
Custom & Consultants:                                            $14.25
Rental Sprayer Applicator              1       acre    $1.75                           $1.75
Rental Sprayer Applicator              1       acre    $1.75                           $1.75
Rental Sprayer Applicator              1       acre    $1.75                           $1.75
Custom Aerial                          1       acre    $6.50                           $6.50
Rental Ripper Shooter                  1       acre    $2.50                           $2.50

Other:                                                           $79.72
Crop insurance                         1       acre     $4.50                          $4.50
Overhead                               1       acre    $10.93                         $10.93

Fuel                                  8.07      gal     $3.50                         $28.24
Lubricants                              1      acre     $3.42                          $3.42
Machinery Repairs                       1      acre    $10.76                         $10.76
Storage Facility & Equip. Repairs                                                      $0.00
Machinery Labor                       1.09     acre    $20.00                         $21.87
Other Labor                                                                            $0.00

Operating Interest                                                                    $25.46
Total Operating Costs                                                             $319.25
Operating Costs per Unit                                                            $4.91
Net Returns Above Operating Expenses                                              $254.70
Ownership Costs:
Machinery depreciation                                                                $13.04
Machinery interest                                                   $9.64
Machinery insurance, taxes housing, licence                          $2.46
Land Cost*                                 1     acre    $128.47   $128.47
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                           $3.90
Total Ownership Costs                                              $157.51
Ownership Costs per Unit                                             $2.42

Total Costs per Acre                                               $476.76
Total Cost per Unit                                                  $7.33

Returns to Risk                                                     $97.19

Notes:




Breakeven Analysis:                       -      Base      +
                                        10%               10%
                                                 Yield
             Price                      58.5      65      68.25
Operating Cost Breakeven               $5.46     $4.91    $4.68
Ownership Cost Breakeven               $2.69     $2.42    $2.31
Total Cost Breakeven                   $8.15     $7.33    $6.99

                                                 Price
             Yield                     $7.95     $8.83    $9.71
Operating Cost Breakeven                40.2     36.2     32.9
Ownership Cost Breakeven                19.8     17.8     16.2
Total Cost Breakeven                    60.0     54.0     49.1
Production Costs for Conventional Tillage Spring Peas, More Than 18" Precipitation
                                     Quantity           Price or            Value or
              Item                   Per Acre    Unit    Cost               Cost/Acre
Gross Returns
Peas                                   2000       lb     $0.19                      $380.00

Operating Inputs

Seed:                                                              $54.00
Pea Seed                                200       lb     $0.27                          $54.00
Fertilizer:                                                        $0.00
                                                                                         $0.00
Pesticides:                                                        $34.79
Pursuit                                  3       oz      $4.15                          $12.45
Prowl                                   24       oz      $0.25                           $6.00
Ammonia Sulfate                         50       oz      $0.02                           $0.75
M90                                     1.5      oz      $0.01                           $0.02
Imidan                                  1.5      lb      $6.88                          $10.32
Dimethoate                               1       pt      $5.25                           $5.25
Custom & Consultants:                                              $8.25
Rental Sprayer                           1       acre    $1.75                           $1.75
Custom Aerial                            1       acre    $6.50                           $6.50

Other:                                                             $60.12
Crop insurance                           1       acre    $4.50                           $4.50
Overhead                                 1       acre    $5.08                           $5.08

Fuel                                    5.91      gal    $3.50                          $20.67
Lubricants                                1      acre    $2.51                           $2.51
Machinery Repairs                         1      acre    $8.68                           $8.68
Storage Facility & Equip. Repairs                                                        $0.00
Machinery Labor                         0.93     acre   $20.00                          $18.68
Other Labor                                                                              $0.00

Operating Interest                                                                      $13.69
Total Operating Costs                                                               $170.85
Operating Costs per Unit                                                              $0.09
Net Returns Above Operating Expenses                                                $209.15
Ownership Costs:
Machinery depreciation                                                               $11.42
Machinery interest                                                                    $8.20
Machinery insurance, taxes housing, licence                                           $2.25
Land Cost*                                 1     acre   $108.54                     $108.54
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                                               $3.90
Total Ownership Costs                                                               $134.31
Ownership Costs per Unit                                                              $0.07
Total Costs per Acre                                  $305.15
Total Cost per Unit                                     $0.15

Returns to Risk                                        $74.85

Notes:




Breakeven Analysis:           -     Base       +
                            10%               10%
                                    Yield
            Price          1800     2000     2100
Operating Cost Breakeven   $0.09    $0.09    $0.08
Ownership Cost Breakeven   $0.07    $0.07    $0.06
Total Cost Breakeven       $0.17    $0.15    $0.15

                                    Price
             Yield         $0.17    $0.19    $0.21
Operating Cost Breakeven   999.1    899.2    817.4
Ownership Cost Breakeven   785.4    706.9    642.6
Total Cost Breakeven       1784.5   1606.1   1460.1
Production Costs for Conventional Tillage Spring Lentils, More Than 18" Precipitation
                                     Quantity           Price or         Value or
              Item                   Per Acre    Unit    Cost            Cost/Acre
Gross Returns
Lentils                                1200       lb     $0.33                   $396.00

Operating Inputs

Seed:                                                                                $22.28
Lentil Seed                              45       lb     $0.50                       $22.28
Fertilizer:                                                                           $0.00
                                                                                      $0.00
Pesticides:                                                                          $19.20
Pursuit                                  3       oz      $4.15                       $12.45
Prowl                                   24       oz      $0.25                        $6.00
Ammonia Sulfate                         50       oz      $0.02                        $0.75
M90                                     1.5      oz      $0.01                        $0.02
Imidan                                  1.5      lb      $6.88                       $10.32
Dimethoate                               1       pt      $5.25                        $5.25
Custom & Consultants:                                                                 $8.25
Rental Sprayer                           1       acre    $1.75                        $1.75
Custom Aerial Spray                      1       acre    $6.50                        $6.50

Other:                                                                               $57.76
Crop insurance                           1       acre    $4.50                        $4.50
Overhead                                 1       acre    $2.71                        $2.71

Fuel                                    5.91      gal    $3.50                       $20.67
Lubricants                                1      acre    $2.51                        $2.51
Machinery Repairs                         1      acre    $8.68                        $8.68
Storage Facility & Equip. Repairs                                                     $0.00
Machinery Labor                         0.93     acre    $20.00                      $18.68
Other Labor                                                                           $0.00

Operating Interest                                                                    $9.43
Total Operating Costs                                                            $132.50
Operating Costs per Unit                                                           $0.11
Net Returns Above Operating Expenses                                             $263.50
Ownership Costs:
Machinery depreciation                                                            $11.42
Machinery interest                                                                 $8.20
Machinery insurance, taxes housing, licence                                        $2.25
Land Cost*                                 1     acre   $118.96                  $118.96
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                                            $3.90
Total Ownership Costs                                                            $144.73
Ownership Costs per Unit                                                           $0.12
Total Costs per Acre                               $277.23
Total Cost per Unit                                  $0.23

Returns to Risk                                    $118.77

Notes:




Breakeven Analysis:          -     Base     +
                           10%             10%
                                   Yield
            Price          1080    1200    1260
Operating Cost Breakeven   $0.12   $0.11   $0.11
Ownership Cost Breakeven   $0.13   $0.12   $0.11
Total Cost Breakeven       $0.26   $0.23   $0.22

                                   Price
             Yield         $0.30   $0.33   $0.36
Operating Cost Breakeven   446.1   401.5   365.0
Ownership Cost Breakeven   487.3   438.6   398.7
Total Cost Breakeven       933.4   840.1   763.7
Production Costs for Conventional Tillage Garbanzos, More Than 18" Precipitation
                                     Quantity           Price or            Value or
              Item                   Per Acre    Unit    Cost               Cost/Acre
Gross Returns
Garbanzos                              1200       lb     $0.35                      $420.00

Operating Inputs

Seed:                                                              $62.40
Garbanzo Seed                           130       lb     $0.48                          $62.40
Fertilizer:                                                        $0.00
                                                                                         $0.00
Pesticides:                                                                             $19.20
Pursuit                                  3       oz      $4.15                          $12.45
Prowl                                   24       oz      $0.25                           $6.00
Ammonia Sulfate                         50       oz      $0.02                           $0.75
M90                                     1.5      oz      $0.01                           $0.02
Fungicide:                                                                              $17.84
Quadris                                  8       oz      $2.23                          $17.84

Custom & Consultants:                                                                    $8.25
Rental Sprayer                           1       acre    $1.75                           $1.75
Custom Aerial Spray                      1       acre    $6.50                           $6.50

Other:                                                                                  $59.76
Crop insurance                           1       acre    $4.50                           $4.50
Overhead                                 1       acre    $4.72                           $4.72

Fuel                                    5.91      gal    $3.50                          $20.67
Lubricants                                1      acre    $2.51                           $2.51
Machinery Repairs                         1      acre    $8.68                           $8.68
Storage Facility & Equip. Repairs                                                        $0.00
Machinery Labor                         0.93     acre   $20.00                          $18.68
Other Labor                                                                              $0.00

Operating Interest                                                                      $13.04
Total Operating Costs                                                               $198.35
Operating Costs per Unit                                                              $0.17
Net Returns Above Operating Expenses                                                $221.65
Ownership Costs:
Machinery depreciation                                                               $11.42
Machinery interest                                                                    $8.20
Machinery insurance, taxes housing, licence                                           $2.25
Land Cost*                                 1     acre   $126.88                     $126.88
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                                               $3.90
Total Ownership Costs                                                               $152.65
Ownership Costs per Unit                               $0.13

Total Costs per Acre                                 $351.00
Total Cost per Unit                                    $0.29

Returns to Risk                                       $69.00

Notes:




Breakeven Analysis:           -     Base      +
                            10%              10%
                                    Yield
             Price         1080     1200     1260
Operating Cost Breakeven   $0.18    $0.17    $0.16
Ownership Cost Breakeven   $0.14    $0.13    $0.12
Total Cost Breakeven       $0.32    $0.29    $0.28

                                    Price
             Yield         $0.32    $0.35    $0.39
Operating Cost Breakeven   629.7    566.7    515.2
Ownership Cost Breakeven   484.6    436.1    396.5
Total Cost Breakeven       1114.3   1002.9   911.7
Production Costs for Conventional Tillage Spring Canola, Direct Harvested, More Than
18" Precipitation
                                     Quantity           Price or       Value or
              Item                   Per Acre    Unit    Cost          Cost/Acre
Gross Returns
Canola                                 1800       lb     $0.25                 $450.00

Operating Inputs

Seed:                                                                              $24.00
Canola Seed                              4        lb     $6.00                     $24.00
Fertilizer:                                                                        $80.20
Nitrogen (dry)                          100       lb     $0.67                     $67.00
Phosphorous (dry)                        15       lb     $0.65                      $9.75
Sulfur (dry)                             15       lb     $0.23                      $3.45
Pesticides:                                                                        $12.77
Assure II                               10        oz     $1.20                     $12.00
Ammonium Sulfate                        50        oz     $0.02                      $0.75
M90                                     1.5       oz     $0.01                      $0.02
Capture                                  1       acre   $10.17                     $10.17
Custom & Consultants:                                                              $10.75
Rental Sprayer                           1       acre    $1.75                      $1.75
Custom Aerial Spray                      1       acre    $6.50                      $6.50
Rental Ripper Shooter                    1       acre    $2.50                      $2.50

Other:                                                                             $65.59
Crop insurance                           1       acre    $4.50                      $4.50
Overhead                                 1       acre    $6.61                      $6.61

Fuel                                    6.60      gal    $3.50                     $23.10
Lubricants                                1      acre    $2.80                      $2.80
Machinery Repairs                         1      acre    $8.89                      $8.89
Storage Facility & Equip. Repairs                                                   $0.00
Machinery Labor                         0.98     acre   $20.00                     $19.69
Other Labor                                                                         $0.00

Operating Interest                                                                 $16.80
Total Operating Costs                                                          $220.28
Operating Costs per Unit                                                         $0.12
Net Returns Above Operating Expenses                                           $229.72
Ownership Costs:
Machinery depreciation                                                          $11.77
Machinery interest                                                               $8.48
Machinery insurance, taxes housing, licence                                      $2.30
Land Cost*                                 1     acre   $112.44                $112.44
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                                          $3.90
Total Ownership Costs                                                          $138.89
Ownership Costs per Unit                                $0.08

Total Costs per Acre                                  $359.16
Total Cost per Unit                                     $0.20

Returns to Risk                                        $90.84

Notes:




Breakeven Analysis:           -     Base       +
                            10%               10%
                                    Yield
             Price         1620     1800     1890
Operating Cost Breakeven   $0.14    $0.12    $0.12
Ownership Cost Breakeven   $0.09    $0.08    $0.07
Total Cost Breakeven       $0.22    $0.20    $0.19

                                    Price
             Yield         $0.23    $0.25    $0.28
Operating Cost Breakeven   979.0    881.1    801.0
Ownership Cost Breakeven   617.3    555.5    505.0
Total Cost Breakeven       1596.3   1436.7   1306.0
Production Costs for Conventional Tillage Spring Canola, Pushed at Harvest, More
Than 18" Precipitation
                                     Quantity           Price or            Value or
              Item                   Per Acre    Unit    Cost               Cost/Acre
Gross Returns
Canola                                 1900       lb     $0.25                      $475.00

Operating Inputs
Seed:                                                              $24.00
Canola Seed                              4        lb     $6.00                          $24.00
Fertilizer:                                                        $80.20
Nitrogen (dry)                          100       lb     $0.67                          $67.00
Phosphorous (dry)                        15       lb     $0.65                           $9.75
Sulfur (dry)                             15       lb     $0.23                           $3.45
Pesticides:                                                        $12.77
Assure II                               10        oz     $1.20                          $12.00
Ammonium Sulfate                        50        oz     $0.02                           $0.75
M90                                     1.5       oz     $0.01                           $0.02
Capture                                  1       acre   $10.17                          $10.17
Custom & Consultants:                                              $10.75
Rental Sprayer                           1       acre    $1.75                           $1.75
Custom Aerial Spray                      1       acre    $6.50                           $6.50
Rental Ripper Shooter                    1       acre    $2.50                           $2.50
Other:                                                             $72.57
Crop insurance                           1       acre    $4.50                           $4.50
Overhead                                 1       acre    $6.61                           $6.61

Fuel                                    8.01      gal    $3.50                          $28.04
Lubricants                                1      acre    $2.80                           $2.80
Machinery Repairs                         1      acre    $8.89                           $8.89
Storage Facility & Equip. Repairs                                                        $0.00
Machinery Labor                         1.09     acre   $20.00                          $21.73
Other Labor                                                                              $0.00

Operating Interest                                                                      $17.43
Total Operating Costs                                                               $227.88
Operating Costs per Unit                                                              $0.12
Net Returns Above Operating Expenses                                                $247.12
Ownership Costs:
Machinery depreciation                                                               $13.31
Machinery interest                                                                    $9.69
Machinery insurance, taxes housing, licence                                           $2.45
Land Cost*                                 1     acre   $120.69                     $120.69
*Based on Share Rent Percentage:
 Landlord                               33.00%
 Tenant                                 67.00%

Land taxes                                                                               $3.90
Total Ownership Costs                                                               $150.04
Ownership Costs per Unit                                                              $0.08


Total Costs per Acre                                                                $377.92
Total Cost per Unit                                                                   $0.20
Returns to Risk                                       $97.08

Notes:




Breakeven Analysis:           -     Base       +
                            10%               10%
                                    Yield
            Price          1710     1900     1995
Operating Cost Breakeven   $0.13    $0.12    $0.11
Ownership Cost Breakeven   $0.09    $0.08    $0.08
Total Cost Breakeven       $0.22    $0.20    $0.19

                                    Price
             Yield         $0.23    $0.25    $0.28
Operating Cost Breakeven   1012.8   911.5    828.7
Ownership Cost Breakeven   666.8    600.1    545.6
Total Cost Breakeven       1679.7   1511.7   1374.3
Schedule of Operations for Conventional Tillage Winter Wheat, More Than 18" Precipitation

Month       Operation        Tooling                        Materials/Service
                             325HP-WT, 26' Rental Stubble   We asssume that approximately half
September   Shred Stubble    Shreader                       of the straw is shredded (bottom lands).
                                                            Rental Ripper Shooter, 90 lb N, 30 lb P,
September                    325HP-WT, 36' Ripper Shooter   10 lb S

September   Cultiweed        325HP-WT, 36' Cultiweeder

September   Drill            200HP-WT, 36' JD-455 Drill     90 lb Seed

April       Crop Insurance
                                                            Rental Sprayer, 4.75 oz Osprey, 22 oz
May         Spray Weeds      200HP-CT, 90' Sprayer          Starane+Salvo, 3.2 oz Excel 90, 1.6 oz Brox M

August      Harvest          25' Combine
Schedule of Operations for Conventional Tillage Spring Barley, More Than 18" Precipitation

Month     Operation              Tooling                          Materials/Service
                                                                  We asssume that approximately half
October   Plow                   325HP-WT, 10-Bottom Plow         of the land is plowed (bottom lands).
                                                                  We asssume that approximately half
October   Chisel                 325HP-WT, 23' Chisel Plow        of the land is chiseled (hills).
                                                                  Rental Sprayer, 24 oz Roundup, 6.4 oz
March     Spray Weeds            200HP-CT, 90' Sprayer            Surfactant, 1.7 lb Ammonia Sulfate
                                 325HP- WT, 36' Cultivator with
April     Cultivate/Harrow       Harrow
                                                                  Rental Ripper Shooter, 80 lb N, 15 lb P,
April     Ripper Shooter         325HP-WT, 36' Ripper Shooter     10 lb S
                                 325HP-WT, 36' Cultivator with
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer              Rental Sprayer, 1.25 qt Fargo

May       Drill                  200HP-CT, 36' JD-455 Drill       85 lb Barley Seed

May       Crop Insurance
                                                                  Rental Sprayer, 9.2 oz Achieve SC, 22 oz
May       Spray Weeds            200HP-CT, 90' Sprayer            Starane+Sword

August    Harvest                25' Combine
Schedule of Operations for Conventional Tillage Soft White Spring Wheat, More Than 18"
Precipitation

Month     Operation              Tooling                         Materials/Service
                                                                 We asssume that approximately half
October   Plow                   325HP-WT, 10-Bottom Plow        of the land is plowed (bottom lands).
                                                                 We asssume that approximately half
October   Chisel                 325HP-WT, 23' Chisel Plow       of the land is chiseled (hills).
                                                                 Rental Sprayer, 24 oz Roundup, 6.4 oz
March     Spray Weeds            200HP-CT, 90' Sprayer           Surfactant, 1.7 lb Ammonia Sulfate
                                 325HP-WT, 36' Cultivator with
April     Cultivate/Harrow       Harrow
                                                                 Rental Ripper Shooter, 100 lb N, 15 lb P,
April     Ripper Shooter         325HP-WT, 36' Ripper Shooter    20 lb K, 10 lb S
                                 325HP-WT, 36' Cultivator with
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer             Rental Sprayer, Herbicide?

May       Drill                  200HP-CT, 36' JD-455 Drill      90 lb Wheat Seed

May       Crop Insurance
                                                                 Rental Sprayer, 8.2 oz Axial, 12 oz Brox M,
May       Spray Weeds            200HP-CT, 90' Sprayer           8 oz Starane, 5 oz InPlace, 3.2 oz Amm. Sulf

June      Aerial Spray           Airplane                        Custom Aerial, 14 oz Quilt, pt Syltac Sticker

August    Harvest                25' Combine
Schedule of Operations for Conventional Tillage Hard Red Spring Wheat, More Than 18"
Precipitation

Month     Operation              Tooling                          Materials/Service
                                                                  We asssume that approximately half
October   Plow                   325HP-WT, 10-Bottom Plow         of the land is plowed (bottom lands).
                                                                  We asssume that approximately half
October   Chisel                 325HP-WT, 23' Chisel Plow        of the land is chiseled (hills).
                                                                  Rental Sprayer, 24 oz Roundup, 6.4 oz
March     Spray Weeds            200HP-CT, 90' Sprayer            Surfactant, 1.7 lb Ammonia Sulfate
                                 325HP- WT, 36' Cultivator with
April     Cultivate/Harrow       Harrow
                                                                  Rental Ripper Shooter, 130 lb N, 15 lb P,
April     Ripper Shooter         325HP-WT, 36' Ripper Shooter     20 lb K, 10 lb S
                                 325HP-WT, 36' Cultivator with
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer              Rental Sprayer, Herbicide?

May       Drill                  200HP-CT, 36' JD-455 Drill       90 lb Hard Red Wheat Seed

May       Crop Insurance
                                                                  Rental Sprayer, 8.2 oz Axial, 12 oz Brox M,
May       Spray Weeds            200HP-CT, 90' Sprayer            8 oz Starane, 5 oz InPlace, 3.2 oz Amm. Sulf

June      Aerial Spray           Airplane                         Custom Aerial, 14 oz Quilt, 1 pt Syltac Sticker

August    Harvest                25' Combine
Schedule of Operations for Conventional Tillage Spring Peas, More Than 18" Precipitation

Month     Operation              Tooling                          Materials/Service

October   Harrow                 325HP-WT, 40' Heavy Harrow

April     Harrow                 325HP-WT, 60' Flex Harrow
                                 325HP- WT, 36' Cultivator with
April     Cultivate/Harrow       Harrow
                                 325HP-WT, 36' Cultivator with    Rental Sprayer, 3 oz Pursuit, 24 oz Prowl,
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer              50 oz Ammonia Sulfate, 1.5 oz M90

May       Drill                  200HP-CT, 36' JD-455 Drill       200 lb Pea Seed

May       Crop Insurance
                                                                  Custom Aerial, 24 oz Imidan, 16 oz
June      Aerial Spray           Airplane                         Dimethoate

August    Harvest                25' Combine
Schedule of Operations for Conventional Tillage Spring Lentils, More Than 18" Precipitation

Month     Operation              Tooling                        Materials/Service

October   Harrow                 325HP-WT, 40' Heavy Harrow

April     Harrow                 325HP-WT, 60' Flex Harrow
                                 325HP-WT, 36' Culivator with
April     Cultivate/Harrow       Harrow
                                 325HP-WT, Cultivator with      Rental Sprayer, 3 oz Pursuit, 24 oz Prowl,
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer            50 oz Ammonia Sulfate, 1.5 oz M90

May       Drill                  200HP-CT, 36' JD-455 Drill     45 lb Lentil Seed

May       Crop Insurance
                                                                Custom Aerial, 24 oz Imidan, 16 oz
June      Aerial Spray           Airplane                       Dimethoate

August    Harvest                25' Combine
Schedule of Operations for Conventional Tillage Garbanzos, More Than 18" Precipitation

Month     Operation              Tooling                         Materials/Service

October   Harrow                 325HP-WT, 40' Heavy Harrow

April     Harrow                 325HP-WT, 60' Flex Harrow
                                 325HP-WT, 36' Culivator with
April     Cultivate/Harrow       Harrow
                                 325HP-WT, 36' Cultivator with   Rental Sprayer, 3 oz Pursuit, 24 oz Prowl,
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer             50 oz Ammonia Sulfate, 1.5 oz M90

May       Drill                  200HP-CT, 36' JD-455 Drill      130 lb Garbanzo Seed

May       Crop Insurance

June      Aerial Spray           Airplane                        Custom Aerial, 8 oz Quadris fungicide

August    Harvest                25' Combine
Schedule of Operations for Conventional Tillage Spring Canola, Direct Harvested, More
Than 18" Precipitation

Month     Operation              Tooling                         Materials/Service

October   Harrow                 325HP-WT, 40' Heavy Harrow

April     Harrow                 325HP-WT, 60' Flex Harrow
                                 325HP-WT, 36' Culivator with
April     Cultivate/Harrow       Harrow
                                                                 Rental Ripper Shooter, 100 lb N, 15 lb P,
April     Ripper Shooter         325HP-WT, 36' Ripper Shooter    15 lb S
                                 325HP-WT, 36' Cultivator with   Rental Sprayer, 10 oz Assure II, 50 oz
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer             Ammonium Sulfate, 1.5 oz M90

May       Drill                  200HP-CT, 36' JD-455 Drill      4 lb Canola Seed, Treated

May       Crop Insurance

June      Aerial Spray           Airplane                        Custom Aerial, Capture $10.17/Acre

August    Harvest                25' Combine
Schedule of Operations for Conventional Tillage Spring Canola, Pushed at Harvest, More
Than 18" Precipitation

Month     Operation              Tooling                         Materials/Service

October   Harrow                 325HP-WT, 40' Heavy Harrow

April     Harrow                 325HP-WT, 60' Flex Harrow
                                 325HP-WT, 36' Culivator with
April     Cultivate/Harrow       Harrow
                                                                 Rental Ripper Shooter, 100 lb N, 15 lb P,
April     Ripper Shooter         325HP-WT, 36' Ripper Shooter    15 lb S
                                 325HP-WT, 36' Cultivator with   Rental Sprayer, 10 oz Assure II, 50 oz
April     Cultivate/Spray/Harrow Harrow, 90' Sprayer             Ammonium Sulfate, 1.5 oz M90

May       Drill                  200HP-CT, 36' JD-455 Drill      4 lb Canola Seed, Treated

May       Crop Insurance

June      Aerial Spray           Airplane                        Custom Aerial, Capture $10.17/Acre

August    Push Canola            200HP-CT, 20' Yield Shield

August    Harvest                25' Combine

				
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