Flax - Grain Enterprise Budget
| Revenue | Revised
Jan 2011
Sample cost
per Acre | Your Farm
Budget |
| Expected
Yield (bu/ac) | 28.00 | |
| Expected Price ($/bu) |
10.16 | |
| Total Expected Revenue (Yield x Price) | | |
| add: Program Payment |
| |
| Total
Revenue | | |
|
Expenses | Revised
Jan 2011
Sample cost
per Acre | Your
Farm Budget |
| Seed
- 37.5 lb/ac certified, treated | 22 | |
| Seed Treatment |
| |
| Fertilizer #1 45 kg/ha N | 23 | |
| Fertilizer #2 20 kg/ha P |
11 | |
| Fertilizer #3 20 kg/ha K | 9 | |
| Herbicide - Annual grasses |
16 | |
| Herbicide - Dessicant | 9 | |
| Herbicide - Other weed control |
| |
| Insecticides | | |
| Fungicides |
| |
| Crop Insurance | | |
| Program Premium | | |
| Custom Work - #1 Pesticide application |
20 | |
| Custom Work - #2 Fertilizer application, mixing, delivery |
10 | |
| Custom Work - #3 Other | | |
| Drying |
| |
| Storage | | |
| Trucking |
6 | |
|
Marketing Fees | | |
| Other |
3 | |
|
Fuel | 20 | |
| Mach. Repair & Maint. |
19 | |
| Bldg. Repair & Maint. |
| |
| Labour | 24 | |
| General variable costs (see
below to allocate general costs) | | |
| Interest on Operating capital |
4 | |
|
Total Variable Costs |
194 | |
|
Fixed Costs | Revised Jan
2011
Sample cost
per Acre | Your Farm Budget |
| Depreciation |
33 | |
| Interest on Term Loans |
16 | |
| Land Costs | | |
| Long-Term Leases |
| |
| General Fixed Costs (see below to allocate
general costs) | 12 | |
| Total Fixed Costs |
62 | |
| Total Expenses |
256 | |
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 Item | Whole
Farm $ | Percent Allocated to Flax | Total
Dollars Allocated to Flax | Per Acre Costs for Flax | Your
Farm Budget |
| $1500.00
| 20% |
$300 | $3.00 | |
| $ |
Flax | Flax |
Flax | |
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Transfer general cost totals to the budget
