ENTERPRISE BUDGET: CORN

Cost per acre, per bu., and profit per enterprise.

FARM NAME:
Schafer Townsend
VALUE OWNER LABOR/MGT:
$80,000
GOV'T PROG/$ ACRE:---------->
$0.00
OPEN MARKET PRICE:-------->
$3.58
INTEREST on OPERATING:--->
6.50%
INTEREST on MACHINE:------->
5.00%
ACRES PLANTED
1500
VARIABLE COSTS
SEED
130.00
NH3 FERTILIZER
102.00
STARTER FERTILIZER
94.00
DRY/LIQUID FERTILIZER
0.00
HERBICIDE 1
42.50
HERBICIDE 2
0.00
INSECTICIDE
0.00
FUEL
29.00
OIL & LUBE
0.00
REPAIRS
0.00
CROP INSURANCE
25.00
IRRIGATION
0.00
DRYING-STORAGE
25.00
MISC.
14.00
MACHINE HIRE
0.00
LABOR HIRED
0.00
INTEREST-OPERATING
17.50
TOTAL VARIABLE COSTS
479.00
FIXED COSTS
LAND RENT
275.00
EQUIP. DEPRECIATION
57.14
EQUIPMENT INTEREST
25.00
BUILDING REPAIR
0.00
PROPERTY TAXES
5.00
REAL ESTATE TAXES
0.00
EQUIPMENT LEASE
0.00
MISC. OVERHEAD EXP.
8.67
TOTAL FIXED COSTS
362.14
OPPORTUNITY COSTS
LAND OPPORTUNITY COST
0.00
LABOR/MANAGEMENT
53.33
TOTAL OPPORTUNITY COSTS
53.33
TOTAL COST/ACRE
$894.47

VALUE LAND OWNED:

OPP.COST-INTEREST:
EQUIPMENT VALUE:
LEASED EQUIPMENT:
OVERHEAD COSTS:
2000
2500
130.00
102.00
94.00
0.00
42.50
0.00
0.00
29.00
0.00
0.00
25.00
0.00
25.00
14.00
0.00
0.00
17.50
479.00

130.00
102.00
94.00
0.00
42.50
0.00
0.00
29.00
0.00
0.00
25.00
0.00
25.00
14.00
0.00
0.00
17.50
479.00

275.00
42.86
18.75
0.00
3.75
0.00
0.00
6.50
340.36

275.00
34.29
15.00
0.00
3.00
0.00
0.00
5.20
327.29

0.00
40.00
40.00
$859.36

0.00
32.00
32.00
$838.28

PROFIT/LOSS TOTAL ENTERPRISE ACREAGE

ACRES
1,500
2,000
2,500
GROSS INCOME
(589,912.10)
(716,311.37)
(842,710.64)
PRODUCTION COST/BU
$6.39
$6.14
$5.99
YIELD
140
GROSS INCOME
(509,362.10)
(608,911.37)
(708,460.64)
PRODUCTION COST/BU
$5.77
$5.54
$5.41
YIELD
155
GROSS INCOME
(428,812.10)
(501,511.37)
(574,210.64)
PRODUCTION COST/BU
$5.26
$5.06
$4.93
YIELD
170
GROSS INCOME
(160,312.10)
(143,511.37)
(126,710.64)
PRODUCTION COST/BU
$4.07
$3.91
$3.81
YIELD
220
Straight Line Depreciation over period of 7 years, on equipment.

$0
5.00%
$750,000
$0
$13,000
0

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