|
April 2001
2001 Alfalfa Hay Cost of Production Worksheet
|
 |
| A. |
OPERATING COSTS |
Your Cost |
| 1.01 |
Seed |
10.0 |
alfalfa grass mix lbs/acre |
__________ |
|
|
x |
$2.50 |
$/lb |
__________ |
|
|
+ |
1.5 |
bu (cover crop oats) |
__________ |
|
|
x |
$3.00 |
$/bu (cover crop) |
__________ |
|
|
+ |
$3.50 |
$/acre custom seeding |
__________ |
|
|
÷ |
6 |
years of production |
__________ |
|
|
= |
$5.50 |
/acre |
__________ |
|
| 1.02 |
Fertilizer |
40.0 |
lbs nitrogen seeding year |
__________ |
|
|
÷ |
6 |
years of production |
__________ |
|
|
+ |
0.0 |
lbs nitrogen cropping years |
__________ |
|
|
x |
$0.34 |
cost/lb |
__________ |
|
|
= |
$2.27 |
/acre |
__________ |
|
65 |
lbs phosphate seeding year |
__________ |
|
|
÷ |
6 |
years of production |
__________ |
|
|
+ |
50 |
lbs phosphate cropping years |
__________ |
|
|
x |
$0.28 |
cost/lb |
__________ |
|
|
= |
$17.03 |
/acre |
__________ |
|
30 |
lbs potash seeding year |
__________ |
|
|
÷ |
6 |
years of production |
__________ |
|
|
+ |
30 |
lbs potash cropping years |
__________ |
|
|
x |
$0.14 |
cost/lb |
__________ |
|
|
= |
$4.73 |
/acre |
__________ |
|
15 |
lbs sulfur seeding year |
__________ |
|
|
÷ |
6 |
years of production |
__________ |
|
|
+ |
15 |
lbs sulfur cropping years |
__________ |
|
|
x |
$0.20 |
cost/lb |
__________ |
|
|
= |
$3.50 |
/acre |
__________ |
|
|
Total |
= |
$27.53 |
/acre |
|
|
| 1.03 |
Herbicide |
|
Seeding |
|
$15.00 |
Weed control |
__________ |
|
|
|
6 |
years of production |
__________ |
|
|
|
$2.50 |
/acre |
__________ |
|
| 1.04 |
Fuel & Repairs |
|
Seeding |
|
$2.00 |
fuel/acre |
__________ |
|
|
+ |
$0.50 |
repairs/acre |
__________ |
|
|
÷ |
6 |
years of production |
__________ |
|
|
= |
$0.42 |
/acre |
__________ |
|
|
Cropping |
|
$5.75 |
fuel/acre |
__________ |
|
|
+ |
$2.50 |
repairs/acre |
__________ |
|
|
= |
$8.25 |
/acre |
__________ |
|
|
Total |
= |
$8.67 |
/acre |
__________ |
|
| 1.05 |
Crop Insurance |
|
Seeding |
|
$1.87 |
premium/acre |
__________ |
|
|
÷ |
6 |
years of production |
__________ |
|
|
= |
$0.31 |
/acre |
__________ |
|
|
Cropping |
= |
$4.90 |
premium/acre |
__________ |
|
|
Total |
= |
$5.21 |
/acre |
__________ |
|
| 1.06 |
Land Taxes |
|
|
= |
$ 5.00 |
/acre |
__________ |
|
| 1.07 |
Miscellaneous |
|
|
= |
$ 2.00 |
/acre |
__________ |
|
| 1.08 |
Interest on operating costs |
|
|
|
$56.41 |
subtotal operating |
|
|
|
÷ |
2 |
average |
|
|
|
x |
8.5 |
interest rate |
|
|
|
= |
$2.40 |
/acre |
|
|
Capital costs
|
| Land |
|
|
|
300 acres @ $300/acre |
$90,000 |
__________ |
|
| Machinery |
|
Tractors |
$30,000 |
__________ |
|
Trailers |
$5,000 |
__________ |
|
Baler |
$15,000 |
__________ |
|
Mower Conditioner |
$15,000 |
__________ |
| Total Machinery |
$65,000 |
__________ |
|
| Storage |
$7,500 |
__________ |
|
| Total Investment |
$155,000 |
__________ |
|
| B. |
FIXED COSTS |
|
|
|
|
|
|
| 2. |
Investment |
| 2.01 |
Land |
|
$300.00 |
cost/acre |
__________ |
|
|
x |
5.0 |
investment rate |
__________ |
|
|
= |
$15.00 |
/acre |
__________ |
|
| 2.02 |
Machinery |
|
|
|
$65,000 |
machinery investment |
__________ |
|
|
+ |
$6,500 |
salvage value |
__________ |
|
|
÷ |
2 |
average |
__________ |
|
|
÷ |
300 |
acres |
__________ |
|
|
x |
5.0 |
investment rate |
__________ |
|
|
= |
$5.96 |
/acre |
__________ |
|
| 2.03 |
Storage |
|
|
|
|
|
|
|
$7,500 |
storage investment |
__________ |
|
|
|
$0.00 |
salvage value |
__________ |
|
|
÷ |
2 |
average |
__________ |
|
|
÷ |
300 |
acres |
__________ |
|
|
|
5.00 |
investment rate |
__________ |
|
|
|
$0.63 |
/acre |
__________ |
|
| Depreciation |
| 3.01 |
Machinery |
|
|
|
$65,000 |
machinery investment |
__________ |
|
|
- |
$6,500 |
salvage value |
__________ |
|
|
÷ |
10 |
years useful life |
__________ |
|
|
÷ |
300 |
acres |
__________ |
|
|
= |
$19.50 |
/acre |
__________ |
|
| 3.02 |
Storage |
|
|
|
$7,500 |
storage investment |
__________ |
|
|
- |
$0.00 |
salvage value |
__________ |
|
|
÷ |
5 |
years useful life |
__________ |
|
|
÷ |
300 |
acres |
__________ |
|
|
= |
$5.00 |
/acre |
__________ |
|
| C. |
LABOUR COST |
|
|
|
1.0 |
hours/acre |
__________ |
|
|
x |
$10.00 |
rate/hour |
__________ |
|
|
= |
$10.00 |
/acre |
__________ |
|
|
|
|
