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Publication 60—Grain Corn - Genetically Enhanced Hybrids

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

Grain Corn - Genetically Enhanced Hybrids

Operating Expenses

(costs based on projected yield of 3.48 tonne/ac (137 bu/ac))

 Conventional Tillage Your Farm Budget
Bt
Bacillus thuringiensis		 RR®
Roundup Ready		 Bt and RR
Sample Costs/Acre Sample Costs/Acre Sample Costs/Acre
Seed - 30,000 kernels
77.95
81.50
91.55
  
Fertilizer1 - 115 kg/ha N (410 kg/ha of 28-0-0 U.A.N)
85.75
85.75
85.75
  
Fertilizer1 - 20 kg/ha P
14.60
14.60
14.60
  
Fertilizer1 - 50 kg/ha K
32.30
32.30
32.30
  
Herbicide - annual grass and broadleaf weeds
43.90
9.00
9.00
  
Herbicide - burndown
  
  
  
  
Herbicide - other weed control, if required
  
  
  
  
Insecticide, if required
 
 
 
  
Tractor and Machine Expenses - Fuel (18 L) and lubricant
17.60
17.60
17.60
  
Tractor and Machine Expenses - Repairs and maintenance
16.95
16.95
16.95
  
Marketing fees ($0.40/tonne)
1.40
1.40
1.40
  
Crop insurance
15.00
15.00
15.00
  
Custom work (fertilizer appl., mixing & delivery)
9.05
9.05
9.05
  
Custom work (pesticide application, if required)
9.00
9.00
9.00
  
Custom work (other)
   
   
   
  
Trucking ($7.20/tonne)
25.00
25.00
25.00
  
Drying ($18.90/tonne, 8 points)
65.70
65.70
65.70
  
Land rent
 
 
 
  
Operator labour (self or hired)
13.35
13.35
13.35
  
Storage ($2.06/tonne/month x 4 months)
28.70
28.70
28.70
  
Interest on operating
11.40
10.60
10.85
  
Total Operating Expenses
467.65
435.50
445.80
  

Revenue Your Farm Budget
Expected yield _______________
  
Expected price _______________
  
Total Market Revenue (Yield x Price)
  
Program payment
  
Total Revenue
  
Gross Margin (Revenue - Operating Expenses)
  

Overhead Expenses Tillage System Your Farm Budget
Conventional Minimum Till No-Till
Sample Costs/Acre Sample Costs/Acre Sample Costs/Acre
Machinery - Depreciation
24.00
24.00
24.00
  
Machinery - Interest on investment
17.10
17.10
17.10
  
Land
 
 
 
  
Other overhead
4.70
4.70
4.70
  
Total Expenses
513.45
481.30
491.60
  
Breakeven price on your farm is: (total expenses/expected yield)  

1Nitrogen rate is based on the NEW nitrogen rate calculator. Nitrogen recommendation is for corn grown in southwestern/central Ontario, 2800 HU, loam soil, following wheat, with projected corn yield of 137 bu/ac, and nitrogen cost of $1.87/kg and corn price of $4.50/bu.

See www.gocorn.net for more accurate nitrogen requirements for corn. A CD version is available by contacting OMAFRA Agricultural Information Contact Centre at 1-877-424-1300.

2009 Crop Comparison Summary Table for Selected Field Crops ($/acre)*

| Alfalfa-Timothy Hay | Barley | Spring Canola | Winter Canola |

| Coloured Beans | Grain Corn | Grain Corn - Genetically Enhanced Hybrids |

| Silage Corn | Flax | Oats |

| Organic - Grain Corn and Soybeans | Organic - Winter Wheat and Spelt | Organic - Barley and Oats |

| Soybeans | Soft Winter Wheat | Hard Red Winter Wheat |

| Hard Red Spring Wheat | White/Black Beans |

| Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) Resources |

| Related Links |

For more information:
Toll Free: 1-877-424-1300
Local: (519) 826-4047
E-mail: ag.info.omafra@ontario.ca