Publication 60

Publication 60—Flax

Operating Expenses (costs based on projected yield of 0.71 tonne/ac)	Sample Costs/Acre	Your Farm Budget
Seed - 37.5 lb/acre certified, treated	22.20
Fertilizer - 45 kg/ac N	25.15
Fertilizer - 20 kg/ac P	10.20
Fertilizer - 20 kg/ac K	9.15
Herbicide - broadleaf weed control	6.60
Herbicide - grass weed control, if required	8.40
Herbicide - dessicant	6.75
Fungicide
Tractor and Machine Expenses - Fuel (17 L) and lubricants)	19.55
Tractor and Machine Expenses - Repairs and maintenance	15.55
Crop insurance
Custom work (fertilizer application, mixing & delivery)	10.20
Custom work (2 pesticide applications)	20.40
Custom work (other)
Trucking ($8.35/tonne)	5.95
Storage
Land rent
Operator labour (self or hired)	12.45
Interest on operating	3.45
Total Operating Expenses - Grain	176.00

Expenses for Straw	Sample Costs/Acre	Your Farm Budget
Tractor and Machine Expenses - Fuel	3.95
Tractor and Machine Expenses - Repairs and maintenance	3.25
Twine	2.80
Other	11.55
Total Operating Expenses - Straw	21.55
Total Operating Expenses	197.55

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

Overhead Expenses	Sample Costs/Acre		Your Farm Budget
Overhead Expenses	Flax Only	Flax & Straw	Your Farm Budget
Machinery - Depreciation	29.05	33.20
Machinery - Interest on investment	14.45	16.45
Land
Other overhead	11.25	12.30
Total Expenses	230.75	259.50
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:	05 January 2012