University of Missouri Extension Southeast Missouri Crop Budget
2008 Roundup Rready Soybean Budgets

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2008 Roundup Ready Soybean Budget

Variable Cost                 Number    Units       Cost     Total         Your Cost
                             of Units              $/Unit   Cost/Acre       $/Acre  
Seed                          1.1       Bags      36.00      39.60      $____________
Nitrogen                        0      Pounds      0.50        -        $____________
Phosphate                      40      Pounds      0.42      16.80      $____________
Potash                         60      Pounds      0.28      16.80      $____________
Limestone                     0.5       Tons      21.00      10.50      $____________
Foliar Fertilizer               0       Acre       0.00        -        $____________
Fungicide                       1       Acre      12.00      12.00      $____________
Insecticide                     1       Acre       6.00       6.00      $____________
Burn Down Herbicides            0      Quarts      0.00        -        $____________
Pre-Emerge                      0       Acre       0.00        -        $____________
Post-Emerge                     3       Acre       6.00      18.00      $____________
Drying Fuel & Electricity*      0      Bushels     0.08                 $____________
Miscellaneous Overhead          1       Acre      10.00      10.00      $____________
Machinery Fuel                  1       Acre      12.00      12.00      $____________
Machine Repairs                 1       Acre       8.00       8.00      $____________
Hauling & Transportation*      40      Bushels     0.16       6.40      $____________
Irrigation Fuel (Acre Inches)   0       Acre       2.80        -        $____________
Irrigation Repairs              0       Acre       9.00        -        $____________
Labor                           1       Acre      10.00      10.00      $____________
Irrigation Labor                0       Acre       3.00        -        $____________
Custom Application              1       Acre       5.50       5.50      $____________
Subtotal                                Acre               $171.60      $____________
Interest (1/2 year at 8.0%)   0.5       Acre       8.00%      6.86      $____________
Total Variable                          Acre               $178.46      $____________
Fixed Machinery Cost            1       Acre      30.00      30.00      $____________
Fixed Irrigation Cost           0       Acre      62.00        -        $____________
Total (Excluding Land)                  Acre               $208.46      $____________
Land Real Estate Taxes          1       Acre       0.30%      7.53      $____________
Land Interest                2511       Acre       4.00%    100.44      $____________
Total Cost                              Acre               $316.44      $____________
* Drying & Transportation Costs Change With Yields



   Breakeven Price in $/Bushel
  Yield in    Variable    Total Cost      Total
Bushels/Acre    Cost   Excluding Land     Cost 
     20          $8.76     $10.26         $15.66
     25          $7.04      $8.24         $12.56
     30          $5.90      $6.90         $10.49
     35          $5.08      $5.93          $9.02
     40          $4.46      $5.21          $7.91
     45          $3.98      $4.65          $7.05
     50          $3.60      $4.20          $6.36
     55          $3.29      $3.83          $5.80
     60          $3.03      $3.53          $5.33
     65          $2.81      $3.27          $4.93
     70          $2.62      $3.05          $4.59
     75          $2.45      $2.85          $4.29
     80          $2.31      $2.69          $4.04
     85          $2.18      $2.54          $3.81

2008 Center Pivot Irrigated Roundup Ready Soybean Budget

Variable Cost Number Units Cost Total Your Cost of Units $/Unit Cost/Acre $/Acre Seed 1.2 Bags 36.00 43.20 $____________ Nitrogen 0 Pounds 0.50 - $____________ Phosphate 40 Pounds 0.42 16.80 $____________ Potash 70 Pounds 0.28 19.50 $____________ Limestone 0.5 Tons 21.00 10.50 $____________ Foliar Fertilizer 0 Acre 0.00 - $____________ Fungicide 1 Acre 12.00 12.00 $____________ Insecticide 1 Acre 6.00 6.00 $____________ Burn Down Herbicides 0 Quarts 0.00 - $____________ Pre-Emerge 0 Acre 0.00 - $____________ Post-Emerge 3 Acre 6.00 18.00 $____________ Drying Fuel & Electricity* 0 Bushels 0.08 $____________ Miscellaneous Overhead 1 Acre 10.00 10.00 $____________ Machinery Fuel 1 Acre 12.00 12.00 $____________ Machine Repairs 1 Acre 8.00 8.00 $____________ Hauling & Transportation* 50 Bushels 0.16 8.00 $____________ Irrigation Fuel (Acre Inches) 8 Acre 2.80 22.40 $____________ Irrigation Repairs 1 Acre 9.00 9.00 $____________ Labor 1 Acre 10.00 10.00 $____________ Irrigation Labor 1 Acre 3.00 3.00 $____________ Custom Application 1 Acre 5.50 5.50 $____________ Subtotal Acre $214.00 $____________ Interest (1/2 year at 8.0%) 0.5 Acre 8.00% 8.56 $____________ Total Variable Acre $222.56 $____________ Fixed Machinery Cost 1 Acre 30.00 30.00 $____________ Fixed Irrigation Cost 1 Acre 62.00 62.00 $____________ Total (Excluding Land) Acre $314.56 $____________ Land Real Estate Taxes 1 Acre 0.30% 7.53 $____________ Land Interest 2511 Acre 4.00% 100.44 $____________ Total Cost Acre $422.53 $____________ * Drying & Transportation Costs Change With Yields Breakeven Price in $/Bushel Yield in Variable Total Cost Total Bushels/Acre Cost Excluding Land Cost 30 $7.31 $10.38 $13.98 35 $6.29 $8.92 $12.00 40 $5.52 $7.82 $10.52 45 $4.93 $6.97 $9.37 50 $4.45 $6.29 $8.45 55 $4.06 $5.73 $7.70 60 $3.74 $5.27 $7.07 65 $3.46 $4.88 $6.54 70 $3.23 $4.54 $6.08 75 $3.02 $4.25 $5.69 80 $2.84 $3.99 $5.34 85 $2.68 $3.77 $5.04 90 $2.54 $3.57 $4.77 95 $2.42 $3.39 $4.52

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