Publication 60 —Alfalfa -Timothy Hay

Print
Share

Publication 60 —Alfalfa -Timothy Hay

Alfalfa -Timothy Hay

Direct Seeding Establishment	Sample Costs/Acre	Your Farm Budget
Seed - 12 lb/acre alfalfa	51.65
Other seed (Timothy - 4 lb/acre)	8.78
Inoculant	1.05
Fertilizer - 40 kg/ha P	20.40
Fertilizer - 30 kg/ha K	13.70
Herbicide - burndown and broadleaf control	22.95
Crop insurance	2.40
Tractor and Machine Expenses - Fuel (32 L) and lubricants	37.00
Tractor and Machine Expenses - Repairs	20.45
Custom Work (2 pesticide applications)	20.40
Custom Work (2 fertilizer applications, mixing & delivery)	20.45
Custom Work (bale wrapping - plastic - 50% yield)	30.85
Twine
Operator labour (self or hired)	27.50
Interest	10.00
Total Establishment Year Expenses	287.55

Annual Operating Expenses (costs based on projected yield of 3.5 tonne/acre)	Sample Costs/Acre	Your Farm Budget
Establishment year expenses - over 4 years (less Est. year sales)	24.35
Fertilizer - 130 kg/ha K (applied in fall)	59.35
Fertilizer - (other)
Tractor and Machine Expenses - Fuel (19 L) and lubricants	22.35
Tractor and Machine Expenses - Repairs	14.90
Twine
Crop insurance	7.90
Custom work (2 fertilizer applications, mixing & delivery)	20.45
Custom work (bale wrapping - plastic)	61.70
Other costs
Land rent
Operator labour (self or hired)	26.25
Interest on operating	5.00
Total Annual Operating Expenses	242.25

Revenue	Your Farm Budget
Expected Yield _______________
Expected Price _______________
Total Revenue (Yield x Price)
Gross Margin (Revenue - Operating Expenses)

Overhead Expenses	Sample Costs/Acre	Your Farm Budget
Machinery - Depreciation	19.00
Machinery - Interest on investment	11.40
Land
Other overhead	4.75

Nitrogen Credit to Following Crops in Rotation	Sample Costs/Acre	Your Farm Budget
Nitrogen credit ($/acre = N reduction (from Table 1 x price of N))
Grain yield increase
Total benefits/year
Total Expenses	277.40

| Introduction |2012 Field Crop Budgets |
|2012 Crop Comparison Summary Table for Selected Field Crops ($/acre)* |
| Alfalfa-Timothy Hay | Barley | Spring Canola | Winter Canola |
|Coloured Beans | Grain Corn | Silage Corn | Flax | Oats |
| Soybeans | Soft Winter Wheat | Hard Red Winter Wheat |
| Hard Red Spring Wheat | White/Black Beans | Organic - Grain Corn and Soybeans |
| Organic - Winter Wheat and Spelt | Organic - Barley and Oats |
| Resources | Application Rate Conversion |

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 and Cost of Production Program Lead/OMAFRA
Creation Date:	14 December 2010
Last Reviewed:	04 January 2012