Publication 60—Coloured Beans

Coloured Beans

Operating Expenses
(costs based on projected yield of 19 cwt/acre)
Sample Costs/Acre Your Farm Budget
Seed - 70-80 lb/acre (4-5 seeds/ft row) certified, treated seed (with fungicide plus Cruiser insecticide)
118.15
  
Fertilizer - 40 kg/ha N
24.50
  
Fertilizer - 20 kg/ha P
9.65
  
Fertilizer - 40 kg/ha K

18.80

  
Herbicide - annual grass and broadleaf weeds
34.90
  
Herbicide - other weed control, if required
    
Insecticide
 
  
Fungicide, if required - white mould
50.25
  
Crop Pre-harvest
17.00
  
Tractor and Machine Expenses - Fuel (31 L) and lubricants
36.40
  
Tractor and Machine Expenses - Repairs and maintenance
26.85
  
Marketing fees ($5.00/tonne)
4.30
  
Crop insurance
35.50
  
Custom work (fertilizer application, mixing & delivery)
10.20
  
Custom work (3 pesticide applications)
30.60
  
Trucking ($8.35/tonne)
7.25
  
Drying
    
Land rent
  
  
Operator labour (self or hired)
23.05
  
Interest on operating
8.50
  
Total Operating Expenses
455.90
  

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
50.10
  
Machinery - Interest on investment
22.35
  
Land
   
Other overhead
18.40
  
Total Expenses
546.75
  
Breakeven price on your farm is: (total expenses/expected yield)
  

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: 12 December 2012