Publication 60—White/Black Beans

Author:	John Molenhuis - Business Analysis and Cost of Production Program Lead/OMAFRA
Creation Date:	11 December 2008
Last Reviewed:	09 April 2009

Operating Expenses (costs based on projected yield of 18 cwt/ac)	Sample Costs/Acre	Your Farm Budget
Seed - 150,000 seeds/acre (14 - 22 inch rows) certified, treated seed (with Cruiser insecticide)	88.00
Fertilizer - Nitrogen, if required
Fertilizer - 20 kg/ha P	14.60
Fertilizer - 40 kg/ha K	25.85
Herbicide - annual grass	16.25
Herbicide - broadleaf weeds	20.60
Crop Pre-harvest	9.00
Fungicide, if required
Insecticide (Potato Leafhopper control)	10.10
Tractor and Machine Expenses - Fuel (19 L) and lubricants	18.40
Tractor and Machine Expenses - Repairs and maintenace	18.40
Marketing fees ($7.97/tonne (White beans only))	6.50
Crop insurance	20.35
Custom work (fertilizer application, mixing & delivery)	9.05
Custom work (2 pesticide applications)	18.05
Trucking ($7.05/tonnne)	5.80
Land rent
Operator labour (self or hired)	14.85
Interest on operating	7.40
Total Operating Expenses	303.20

Revenue	Your Farm Budget
Expected yield _______________
Expected price _______________
Total Market Revenue (Yield x Price)
Less Pick charges (typically 2 - 4%)
Program payment
Total Revenue
Gross Margin (Revenue - Operating Expenses)

Overhead Expenses	Sample Costs/Acre	Your Farm Budget
Machinery - Depreciation	30.20
Machinery - Interest on investment	21.00
Land
Other overhead	5.00
Total Expenses	359.40
Breakeven price on your farm is: (total expenses/expected yield)

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