Grain Corn - No-Till Enterprise Budget

 
Revenue
Revised Jan 2012
Sample cost
per Acre
Your Farm Budget
Expected Yield (bu/ac)
150.00
 
Expected Price ($/bu)
5.25
 
Total Expected Revenue (Yield x Price)
   
add: Program Payment
   
Total Revenue
   

 

 
Expenses
Revised Jan 2012
Sample cost
per Acre
Your Farm Budget
Seed - 32,000 Kernels, treated
104
 
Seed Treatment
 
Fertilizer #1 135 kg/ha (482 kg/ha of 28-0-0 U.A.N)
91
 
Fertilizer #2 20 kg/ha P
10
 
Fertilizer #3 50 kg/ha K
23
 
Herbicide - Annual grasses and broadleaf herbicides
13
 
Herbicide - Burndown control
7
 
Herbicide - other weed control
 
 
Insecticides
0
 
Fungicides
   
Crop Insurance
13
 
Program Premium
   
Custom Work #1 Pesticide Application
20
 
Custom Work #2 Fert. Application mixing delivery
10
 
Custom Work #3 Other
   
Drying 8 points
83
 
Storage
31
 
Trucking
35
 
Marketing Fees
2
 
Other
   
Fuel
13
 
Mach. Repair & Maint.
10
 
Bldg. Repair & Maint.
   
Labour
8
 
General variable costs
   
Interest on Operating capital
9
 
Total Variable Costs
483
 

Gross Margin (Revenue - Variable Costs)

 
Fixed Costs
Revised Jan 2012
Sample cost
per Acre
Your Farm Budget
Depreciation
19
 
Interest on Term Loans
8
 
Land Cost
  
Long-Term Leases
   
General Fixed Costs
7
 
Total Fixed Costs
34
 
Total Expenses
517
 

Breakeven Price on Your Farm is (Total Expenses/Expected Yield)

Allocation of General Variable and Fixed Costs

General Variable and Fixed Costs or general overhead costs are those whole farm costs that can be difficult to allocate to a specific enterprise. These costs will show little or no change whether one crop or another is grown. That is to say your crop mix choice should be the same after allocating general overhead costs as it was before they were added. This table allows you to allocate these overhead costs and transfer them to the budget to arrive at a total cost of production.

Cost ItemWhole Farm $Percent Allocated to Grain CornTotal Dollars Allocated to Grain CornPer Acre Costs for Grain CornYour Farm Budget
Example: 100 acres of Grain Corn
Legal and accounting fees
$1500.00
20%
$300
$3.00
 
General Variable Costs
$
Grain
Corn
Grain
Corn
Grain
Corn
 
Advertising
     
Electricity and Heating Fuel
     
Telephone
     
Memberships / Subscription Fees
     
Office Expenses
     
Legal and Accounting Fees
     
Motor Vehicle Expenses
     
Small Tools
     
Soil Testing
     
Licenses/permits
     
Other general variable costs
     
Total General Variable Costs
     
General Fixed Costs
     
Property Taxes
     
Other Insurance Premiums
     
Other general fixed costs
     
Total General Fixed Costs
     
Total Fixed Costs
     
Total Expenses
     

 

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For more information:
Toll Free: 1-877-424-1300
Local: (519) 826-4047
E-mail: ag.info.omafra@ontario.ca
Author: John Molenhuis - Business Analysis & Cost of Production Program Lead/OMAFRA
Creation Date: 10 March 2003
Last Reviewed: 22 December 2011