farm-plan-enterprise-budgets-2010 - BUDGETS ARE FOR CLASS PROJECT USE ONLY Although based on Alabama Cooperative Extension System Budgets they have been

BUDGETS ARE FOR CLASS PROJECT USE ONLY Although based on Alabama Cooperative Extension System Budgets, they have been modified to serve the purposes of AGEC 5010, a Farm Mangement Class

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CORN - FM Class Budget Summary FOR CLASS PROJECT ONLY PRICE OR TOTAL UNIT QUANTITY COST/UNIT PER ACRE Revenue 120.00 4.00 480.00 1. VARIABLE COSTS SEED 1000K 28.00 2.65 74.20 TECH FEE RR ACRE 1.00 20.00 0.00 FERTILIZER NITROGEN UNITS 160.00 0.50 80.00 PHOSPHATE UNITS 60.00 0.35 21.00 POTASH UNITS 60.00 0.42 25.20 MICRONUTRIENTS ACRE 1.00 8.00 8.00 LIME (PRORATED) TONS 0.33 30.00 9.90 HERBICIDES ACRE 1.00 27.00 27.00 INSECTICIDES ACRE 1.00 10.00 10.00 FUNGICIDES ACRE 1.00 0.00 0.00 NEMATICIDES ACRE 1.00 0.00 0.00 CONSULTANT ACRE 0.00 5.00 0.00 DRYING BU. 120.00 0.25 30.00 HAULING BU. 120.00 0.25 30.00 CROP INSURANCE ACRE 1.00 25.00 25.00 AERIAL APPLICATION ACRE 1.00 0.00 0.00 Labor (Wages & Fringe) HOUR 1.60 0.00 0.00 LAND RENT ACRE 1.00 0.00 0.00 TRACTOR/MACHINERY ACRE 1.00 24.00 24.00 INTEREST ON OP. CAP. DOL. 182.15 0.065 11.84 TOTAL VARIABLE COST $376.14 Returns above Variable Costs $103.86 2. FIXED COSTS TRACTOR/MACHINERY ACRE 1.00 65.00 65.00 IRRIGATION ACRE 0.00 110.00 0.00 LAND OWNERSHIP COST ACRE 1.00 0.00 0.00 GENERAL OVERHEAD DOL. 376.14 0.08 30.09 TOTAL FIXED COSTS $95.09 3. TOTAL COST OF ALL SPECIFIED EXPENSES $471.23

SOYBEANS - FM CLASS Budget Summary FOR CLASS P PRICE OR TOTAL UNIT QUANTITY COST/UNIT PER ACRE Revenue 55.00 8.50 467.50 1. VARIABLE COSTS SEED & INNOCULANT BAG 1.25 50.00 62.50 FERTILIZER PHOSPHATE UNITS 60.00 0.35 21.00 POTASH UNITS 60.00 0.42 25.20 LIME (PRORATED) TONS 0.33 30.00 9.90 HERBICIDES ACRE 1.00 28.00 28.00 INSECTICIDES ACRE 1.00 8.00 8.00 FUNGICIDES ACRE 1.00 15.00 15.00 NEMATICIDES ACRE 1.00 0.00 0.00 CONSULTANT ACRE 0.00 6.00 0.00 IRRIGATION ACRE 0.00 12.00 0.00 HAULING BU. 55.00 0.25 13.75 CROP INSURANCE ACRE 1.00 20.00 20.00 AERIAL APPLICATION ACRE 0.00 3.00 0.00 LAND RENT ACRE 1.00 0.00 0.00 LABOR(WAGES & FRINGE) HOUR 1.75 0.00 0.00 TRACTOR/MACHINERY ACRE 1.00 23.00 23.00 INTEREST ON OP. CAP. DOL. 113.18 0.065 0 7.36 TOTAL VARIABLE COST $233.71 Returns above Variable Costs $233.79 2. FIXED COSTS TRACTOR/MACHINERY ACRE 1.00 75.00 75.00 LAND OWNERSHIP COST ACRE 1.00 0.00 0.00 GENERAL OVERHEAD DOL. 233.71 0.08 18.70 TOTAL FIXED COSTS 93.70 3. TOTAL COST OF ALL SPECIFIED EXPENSES $327.40