Hemp - Grain Enterprise Budget
|
Revenue
|
Revised March 2006
Sample cost
per Acre |
Your Farm Budget |
| Expected Yield (lbs/ac) |
800.00
|
|
| Expected Price ($/lb) |
0.55
|
|
Total Expected Revenue (Yield x Price)
|
|
|
| add: Program Payment |
|
|
Total Revenue
|
|
|
|
Expenses
|
Revised March 2006
Sample cost
per Acre
|
Your Farm Budget |
| Seed - 30,000 Kernels |
40
|
|
| Seed Treatment |
|
|
| Fertilizer #1 N-P-K |
72
|
|
| Fertilizer #2 |
|
|
| Fertilizer #3 |
|
|
| Herbicides - Burndown |
10
|
|
| Herbicides - |
9
|
|
| Herbicides - |
|
|
| Insecticides |
|
|
| Fungicides |
|
|
| Crop Insurance |
15
|
|
| Program Premium |
|
|
| Custom Work - #1 Pesticide application |
9
|
|
| Custom Work - #2 Fertilizer application, mixing, delivery |
9
|
|
| Custom Work - #3 Combining |
100
|
|
| Drying |
20
|
|
| Storage |
|
|
| Trucking |
3
|
|
| Marketing Fees |
|
|
| Other License, sampling, THC |
30
|
|
| Fuel |
6
|
|
| Mach. Repair & Maint. |
4
|
|
| Bldg. Repair & Maint. |
|
|
| Labour |
3
|
|
| General variable costs (see below to allocate general
costs) |
|
|
| Interest on Operating capital |
9
|
|
Total Variable Costs
|
330
|
|
|
Fixed Costs
|
Revised March 2006
Sample cost
per Acre |
Your Farm Budget |
| Depreciation |
9
|
|
| Interest on Term Loans |
6
|
|
| Land Costs |
|
|
| Long-Term Leases |
|
|
| General Fixed Costs (see below to allocate general
costs) |
2
|
|
Total Fixed Costs
|
16
|
|
Total Expenses
|
346
|
|
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 Hemp |
Total Dollars Allocated to Hemp |
Per Acre Costs for Hemp |
Your Farm Budget |
|
$1500.00
|
1%
|
$15.00
|
$1.50
|
|
|
$
|
Hemp
|
Hemp
|
Hemp
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
Transfer General Cost totals to the Budget
