Soybeans - Organic Enterprise Budget

Revenue
Revised Jan 2012
Sample cost
per Acre
Your Farm Budget
Expected Yield (bu/ac)
30.00
 
Expected Price ($/bu)
20.95
 
Total Expected Revenue (Yield x Price)
 
 
add: Program Payment
  
 
Total Revenue
   

 
Expenses
Revised Jan 2012
Sample cost
per Acre
Your Farm Budget
Seed - 180,000 seeds/acre in 21 - 30" rows*
59
 
Seed Treatment/Inoculant
2
 
Fertilizer #1 Manure/compost

 

 
Fertilizer #2
 
 
Fertilizer #3
 
 
Herbicides - Annual grasses and broadleaf weeds
 
 
Herbicides - other weed control
  
 
Herbicides - other weed control
   
 
Insecticides
   
 
Fungicides
 
 
Crop Insurance
20
 
Program Premium
    
 
Custom Work - #1 Pesticide application
  
 
Custom Work - #2 Fertilizer application
  
 
Custom Work - #3
   
Drying
9
 
Storage
7
 
Trucking
7
 
Marketing Fees
1
 
Certification fees
3
 
Other - Soil maintenance (cover crop, fallow, etc.)
50
 
Fuel
30
 
Mach. Repair & Maint.
25
 
Bldg. Repair & Maint.
   
Labour
80
 
General Variable Costs
   
Interest on Operating Capital
6
 
Total Variable Costs
298
 

 
Fixed Costs
Revised Jan 2012
Sample cost
per Acre
Your Farm Budget
Depreciation
46
 
Interest on Term Loans
24
 
Land Costs
  
 
Long-Term Leases
  
 
General Fixed Costs (see below to allocate general costs)
18
 
Total Fixed Costs
88
 
Total Expenses
386
 

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 Soybeans Total Dollars Allocated to Soybeans Per Acre Costs for Soybeans Your Farm Budget
Example: 100 acres of Soybeans
Legal and accounting fees
$1500.00
20%
$300.00
$3.00
 
General Variable Costs
$
Soybeans
Soybeans
Soybeans
 
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
         

Transfer General Cost totals to the Budget


For more information:
Toll Free: 1-877-424-1300
E-mail: ag.info.omafra@ontario.ca
Author: John Molenhuis - Business Analysis & Cost of Production Program Lead/OMAFRA
Creation Date: 8 May 2006
Last Reviewed: 13 March 2012