Planning2005 - Unit 3 Whole-Farm Planning Simple LP Example You have 3 possible enterprises on the farm corn soybeans and cow-calf Enterprise

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Unit 3 Whole-Farm Planning
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Simple LP Example You have 3 possible enterprises on the farm: corn, soybeans, and cow-calf. Enterprise budgets for these three crops are available from ACES. Assume you have modified them, as directed. (Last Thursday's notes.)
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Restrictions land: 300 acres crop land: 100 acres pasture labor: 500 hours total per 2-month period
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Putting together the tableau use the enterprise budgets the information on resource limits the labor requirements spreadsheet
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CORN REDUCED TILLAGE FOR GRAIN (DRYLAND) CENTRAL ALABAMA, 2003 PRICE OR TOTAL YOUR UNIT QUANTITYCOST/UNITPER ACRE FARM 1. GROSS RECEIPTS* CORN BU. 85.00 2.25 191.25 90.00 2.60 234.00 2. VARIABLE COSTS SEED (CERTIFIED) 1000K 23.00 1.10 25.30 FERTILIZER NITROGEN LBS. 120.00 0.30 36.00 PHOSPHATE LBS. 40.00 0.22 8.80 POTASH LBS. 40.00 0.15 6.00 LIME (PRORATED) TONS 0.33 22.50 7.43 HERBICIDES ACRE 1.00 36.03 36.03 INSECTICIDES ACRE 1.00 9.00 9.00 NEMATICIDES ACRE 1.00 0.00 0.00 DRYING BU. 85.00 0.00 0.00 HAULING BU. 85.00 0.15 12.75 AERIAL APPLICATI APPL 0.00 3.00 0.00 CROP INSURANCE ACRE 1.00 0.00 0.00 IRRIGATION AC/IN 0.00 4.00 0.00 TRACTOR/MACHIN ACRE 1.00 12.32 12.32 LAND RENT ACRE 1.00 0.00 0.00 1.49 6.50 9.65 INTEREST ON OP. DOL. 75.26 0.07 4.89 TOTAL VARIABLE COST 168.17 176.60 3. INCOME ABOVE VARIABLE COSTS 23.08 57.40
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ESTIMATED COSTS AND RETURNS PER ACRE, FOLLOWING RECOMMENDED MANAGEMENT PRACTICES ALABAMA, 2003 PRICE OR TOTAL Your UNIT QUANTITY COST/UNIT PER ACRE Farm 1. GROSS RECEIPTS* SOYBEANS BU. 34 5.15 175.1 175.1 2. VARIABLE COSTS TREATED SEED LBS. 50 0.5 25 TECHNOLOGY FEE ACRE 1 8 8 FERTILIZER PHOSPHATE LBS. 40 0.22 8.8 POTASH LBS. 40 0.15 6 LIME (PRORATED) TONS 0.33 22.5 7.425 HERBICIDES ACRE 1 18.5 18.5 INSECTICIDES ACRE 1 7.375 7.375 NEMATICIDES ACRE 1 0 0 DRYING BU. 34 0 0 HAULING BU. 34 0.15 5.1 AERIAL APPLICATIONAPPL 1 3 3 CROP INSURANCE ACRE 1 0 0 IRRIGATION AC/IN 0 4 0 TRACTOR/MACHINERACRE 1 20.39 20.39 LAND RENT ACRE 1 0 0 2.97 6.5 19.305 INTEREST ON OP. CADOL.
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This note was uploaded on 11/15/2011 for the course AGEC 7100 taught by Professor Duffy,p during the Fall '08 term at Auburn University.

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Planning2005 - Unit 3 Whole-Farm Planning Simple LP Example You have 3 possible enterprises on the farm corn soybeans and cow-calf Enterprise

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