Corn and Grain Sorghum, Projected Budgets for Crop Year 2009
Dryland Irrigated Grain
Corn Corn Sorghum
Yield/ac.: 155 bu. 200 bu. 110 bu.
Market price/bu.:* $4.00 $4.00 $3.70
ESTIMATED INCOME/ACRE
Grain sales (yield x price/bushel) $620.00 $800.00 $407.00
Net payments (fixed) 14.15 14.15 14.15
ESTIMATED TOTAL INCOME/ACRE $634.15 $814.15 $421.15
ESTIMATED OPERATING COSTS/ACRE **
Seed $ 69.38 $ 74.00 $25.56
Fertilizer and soil amendments 186.65 237.60 141.00
Crop protection chemicals 30.50 30.50 20.70
Crop supplies, storage, marketing 1.00 1.00 1.00
Crop insurance and consulting 22.00 1.50 --
Custom hire and rental 4.75 4.75 4.75
Machinery fuel, drying and irrigation energy 31.76 59.98 14.76
Machinery repairs and maintenance 16.41 38.51 11.14
Operator and hired labor 14.12 19.97 11.83
Operating interest @ 8.50% x ½ year 16.00 19.88 9.81
_______ _______ _______
Total Operating Costs/Acre $392.57 $487.69 $240.55
ESTIMATED OWNERSHIP COSTS/ACRE
Farm business overhead $ 3.84 $ 3.95 $ 3.84
Machinery overhead 27.69 49.80 20.76
Machinery depreciation 34.92 57.07 24.14
Real estate charge 121.50 147.50 95.00
_______ _______ _______
Total Ownership Costs/Acre $187.95 $258.32 $143.74
ESTIMATED TOTAL COSTS/ACRE $580.52 $746.01 $384.29
____________________________________________________________________________________
Income over Operating Costs/Acre $241.58 $326.46 $180.60
Income over Total Costs/Acre $ 53.63 $ 68.14 $36.86
____________________________________________________________________________________
Operating costs/bushel $2.53 $2.44 $2.19
Ownership costs/bushel $1.21 $1.29 $1.31
Total costs/bushel $3.75 $3.73 $3.49
____________________________________________________________________________________
* Projected average Missouri cash prices for the 2009/10 crop marketing year.
** Assumed corn planted following soybeans. Fertilizer estimated at removal rates.
These budgets are time sensitive. Check for updates and the budget calculator
at http://www.fapri.missouri.edu
Prepared by Brent Carpenter and Melvin Brees, Ag. Economists, FAPRI
Missouri.
prepared 10/30/08
____________________________________________________________________________________
|
Soybean and Wheat, Projected Budgets for Crop Year 2009
Soybeans Wheat +
Soybeans Double crop Wheat DC Beans
Yield./ac.): 50 bu. 25 bu. 60 bu.
Market price/bu.:* $8.00 $8.00 $6.00
ESTIMATED INCOME/ACRE
Crop income (yield x price/bushel) $400.00 $200.00 $360.00 $560.00
Net payments (fixed) 14.15 -- 14.15 14.15
ESTIMATED TOTAL INCOME/ACRE $414.15 $200.00 $374.15 $574.15
ESTIMATED OPERATING COSTS/ACRE
Seed $ 43.07 $ 50.67 $ 32.00 $ 82.67
Fertilizer and soil amendments 95.20 45.60 117.50 163.10
Crop protection chemicals 12.90 12.90 7.80 20.70
Crop supplies, storage, marketing 1.00 -- 1.00 1.00
Crop insurance and consulting 18.00 -- 8.00 8.00
Custom hire and rental -- -- 9.50 9.50
Machinery fuel, drying and irr. energy 13.71 8.77 11.99 20.76
Machinery repairs and maintenance 10.96 8.50 9.53 18.03
Operator and hired labor 11.02 9.04 10.66 19.70
Operating interest @ 8.5% x ½ year 8.75 5.76 8.84 14.60
Total Operating Costs/Acre $214.61 $141.24 $216.82 $358.06
ESTIMATED OWNERSHIP COSTS/ACRE
Farm business overhead $ 4.32 -- $ 3.60 $ 3.60
Machinery overhead 18.69 $13.78 14.47 28.25
Machinery depreciation 24.65 18.54 19.55 38.09
Real estate charge 121.50 -- 121.50 121.50
Total Ownership Costs/Acre $169.16 $ 32.32 $159.12 $191.44
ESTIMATED TOTAL COSTS/ACRE $383.77 $173.56 $375.94 $549.50
__________________________________________________________________________________
Income over Operating Costs/Acre $199.54 $ 58.76 $157.33 $216.09
Income over Total Costs/Acre $ 30.38 $ 26.44 -$ 1.79 $ 24.65
__________________________________________________________________________________
Operating costs/bushel $4.29 $5.65 $3.61
Ownership costs/bushel $3.38 $1.29 $2.65
Total costs/bushel $7.68 $6.94 $6.27
__________________________________________________________________________________
* Projected average Missouri cash prices for the 2009/10 crop marketing year.
These budgets are time sensitive. Check for updates and the budget calculator
at http://www.fapri.missouri.edu
Prepared by Brent Carpenter and Melvin Brees, FAPRI Missouri.
Missouri.
prepared 10/30/08
|
[ AgEBB ] - [ Farm Management ]
|