Economics and Competitiveness
Cost and Return Profiles for Selected 2007 Crops
Brown Soil Zone
Economics & C titi
TABLE OF CONTENTS
2007 Brown Soil Zone OVERVIEW .......................................................................................................1
CROPS Spring Wheat ..........................................................................................2 Durum Wheat ..........................................................................................6 Malt Barley ..............................................................................................9 Roundup Ready Canola..........................................................................12 Field Peas ...............................................................................................15
FORAGES Alfalfa Grass Hay ....................................................................................18 Greenfeed ...............................................................................................21
OTHER Summer fallow ........................................................................................24
DEFINITIONS AND ALLOCATIONS..................................................................27
OVERVIEW 2007 Brown Soil Zone
The AgriProfit$ Business Analysis and Research Program provides a provincial overview of crop costs and returns. The Economics Unit annually collects cost of production information from producers and compiles regional benchmarks. Producers who participate are critical to providing a financial representation of the cropping industry. Benchmarks have two levels of analysis, the group average and the top third average. The top third averages are based on the top one-third of the fields that have the highest return to equity. Fields are also analyzed by Owned land versus Rented land, as this too provides insight into differences in management. Benchmarks allow for comparison of individual costs and returns to other producers in a similar production area. Benchmarks should not replace individual cropping and financial records. Strategic planning is more effective when individual costs are used. Managing costs is one of the most significant strategies to ensure profitability in a mature commodity market. The top map shows the Brown Soil Zone in Alberta. Please note that farms highlighted within these zones may contain characteristics of neighbouring soil zones. However, this is the grouping method used for this study. The map on the bottom highlights locations of the 2007 participants. Questions: Karla Bergstrom Grains & Oilseed Economist, Economics Unit Alberta Agriculture and Rural Development Phone: (780) 422-3122 Fax: (780) 427-5220 Email: [email protected]
Website: www.agriculture.gov.ab.ca Alberta Ag-Info Centre 310-FARM Acknowledgements: Dale Kaliel, Pauline Van Biert, Nabi Chaudhary, Lorraine Kohlman, Shukun Guan, Guangzhi Liu, Interviewers and Participants
BlackBrownDark BrownGrey WoodedIrrigatedPeace
eMapGIS 2007(c)
2007 Crop Participants
1
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Spring WheatAcres Cropped:
Enterprises:
193.6210.806.93.42.00
236.85.00
5.66.74.00
9.3222.1515.249.642.21
14.90.00
10.43.32
11.354.34.07
6.929.85
7.857.63
13.379.823.23
11.83.00
11.40.14
9.893.59.12
1.4514.07
8.355.02
18.11
15.79
8.684.73
14.99
8.41
75.1056.9862.9247.13
140.35125.36119.70111.29
29.618.00
211.76 243.26
94.39116.73
47.90136.66164.63
102.9137.58
946.86 669.75
705.2887.28
154.29.00
472.3973.88
123.48.00
131.96
.78.63 b) Lease Payments
7.7125.10
Group AVG Top 1/3 AVG
100.48 153.1421 7
2
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 42N 15P 6S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Spring Wheat
Acres Cropped: 100.48
Enterprises: 21
19,453.991,084.91
696.3141.78
.00
193.6210.80
6.93.42.00
936.692,225.061,530.90
968.67222.01
1,496.69.00
1,048.1432.36
1,140.14435.65
6.69695.76989.95
9.3222.1515.24
9.642.21
14.90.00
10.43.32
11.354.34.07
6.929.85
838.62504.74
1,819.87
1,586.04
8.355.02
18.11
15.79
7,545.485,725.616,321.704,735.66
75.1056.9862.9247.13
2.992.272.511.88
25.107.71
21,277.00 211.76 8.44
7.71
4.65116.7311,728.70
4,812.6313,731.5216,541.34 6.56
5.45136.6647.90 1.91
95,136.65 946.86
6.6 %
(32.13 hours)(100.37 hours)
70,864.298,769.82
15,502.54.00
705.2887.28
154.29.00
164.63
.6363.37 b) Lease Payments
3
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 41N 15P 5S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Owned Dryland Spring Wheat
Acres Cropped: 91.88
Enterprises: 17
18,452.05922.15664.3132.19
.00
200.8210.04
7.23.35.00
843.212,118.601,416.35
846.89230.79
1,391.30.00
1,098.2931.93
1,123.45482.86
5.16636.73929.79
9.1823.0615.41
9.222.51
15.14.00
11.95.35
12.235.26.06
6.9310.12
.00578.33
1,683.74
1,920.70
.006.29
18.32
20.90
7,267.835,584.106,575.004,654.31
79.1060.7771.5650.66
3.052.342.761.95
25.967.73
20,070.70 218.44 8.41
7.73
4.68121.4111,155.35
4,261.0512,802.8615,416.39 6.46
5.37139.3446.38 1.79
109,814.40 1,195.16
6.0 %
(32.98 hours)(94.04 hours)
87,538.247,766.38
14,509.78.00
952.7284.53
157.92.00
167.78
.8578.28 b) Lease Payments
4
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 45N 15P 11S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Rented Dryland Spring Wheat
Acres Cropped: 137.00
Enterprises: 4
23,712.241,776.67
832.3382.52
.00
173.0812.97
6.08.60.00
1,334.002,677.502,017.701,486.24
184.691,944.62
.00835.0334.18
1,211.06235.0313.21
946.601,245.61
9.7419.5414.7310.85
1.3514.19
.006.10.25
8.841.72.10
6.919.09
4,402.73191.97
2,398.44
163.73
32.141.40
17.51
1.20
8,725.476,327.025,245.145,081.41
63.6946.1838.2937.09
2.822.041.691.64
22.627.65
26,403.75 192.73 8.52
7.65
4.57103.4014,165.47
7,156.8717,678.2921,322.34 6.88
5.70129.0452.24 2.31
32,756.22 239.10
16.0 %
(28.53 hours)(127.27 hours)
.0013,034.4219,721.80
.00
.0095.14
143.95.00
155.64
.00.00 b) Lease Payments
5
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland DurumAcres Cropped:
Enterprises:
357.10.00
5.48.57.00
418.08.00
6.63.52.00
12.9510.9111.9910.644.24
12.57.00
12.99.17
10.144.23.71
3.1313.33
12.9311.9614.6110.18
3.8012.97
.0015.00
.2412.32
6.00.08
2.4214.00
14.964.40
14.68
8.66
.005.75
16.06
12.37
237.14222.46217.79209.13
303.30287.24285.62273.25
36.5911.43
363.15 425.23
116.51107.99
46.04126.01154.02
121.9335.48
622.08 883.92
428.1664.59
129.33.00
676.6869.40
137.84.00
151.98
1.303.33 b) Lease Payments
11.4431.21
Group AVG Top 1/3 AVG
95.58 78.2512 4
6
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 29N 9P
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Durum
Acres Cropped: 95.58
Enterprises: 12
34,132.95.00
523.7154.39
.00
357.10.00
5.48.57.00
1,237.331,043.111,145.571,017.19
404.851,201.60
.001,241.77
15.91969.17404.6967.71
298.761,273.93
12.9510.9111.9910.64
4.2412.57
.0012.99
.1710.14
4.23.71
3.1313.33
1,430.00420.97
1,403.56
827.64
14.964.40
14.68
8.66
22,666.6721,263.1020,816.8119,989.17
237.14222.46217.79209.13
7.607.136.986.70
31.2111.44
34,711.05 363.15 11.63
11.44
3.46107.9910,321.60
4,400.2712,044.3814,721.88 4.93
4.04126.0146.04 1.47
59,460.93 622.08
35.0 %
(29.92 hours)(129.18 hours)
40,925.006,174.03
12,361.90.00
428.1664.59
129.33.00
154.02
3.33318.10 b) Lease Payments
7
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 32N 10P
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Owned Dryland Durum
Acres Cropped: 71.50
Enterprises: 10
26,951.94.00
496.6132.05
.00
376.95.00
6.95.45.00
895.601,011.73
866.27691.09285.34954.63
.001,157.74
19.09938.37485.62
5.13195.69998.85
12.5314.1512.12
9.673.99
13.35.00
16.19.27
13.126.79.07
2.7413.97
.00416.76
1,173.53
935.04
.005.83
16.41
13.08
18,517.1517,343.6217,279.8116,344.77
258.98242.57241.68228.60
7.807.307.276.88
33.2211.35
27,480.60 384.34 11.57
11.35
3.58118.958,505.15
2,630.688,963.44
11,135.83 4.693.77125.36
36.79 1.11
64,160.96 897.36
26.9 %
(24.46 hours)(100.94 hours)
49,110.004,855.66
10,195.30.00
686.8567.91
142.59.00
155.75
1.47105.34 b) Lease Payments
8
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Malt BarleyAcres Cropped:
Enterprises:
144.2745.408.48.00.00
210.3545.40
8.48.00.00
12.0038.0020.0011.49
.0019.50
.006.17.57
12.203.95.00
15.912.46
12.0038.0020.0011.40
.0019.50
.006.17.57
12.203.95.00
15.912.46
35.95.70
22.87
5.21
42.00.00
22.87
1.80
16.49(6.38)(3.63)(8.84)
80.7257.8557.1955.39
41.085.12
198.15 264.23
142.17142.26
64.74181.66206.99
183.5166.68
454.29 312.63
141.67114.12198.51
.00
.00114.12198.51
.00
208.85
.00.00 b) Lease Payments
5.1228.18
Group AVG Top 1/3 AVG
75.00 68.7512 4
9
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 60N 15P 6S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Malt Barley
Acres Cropped: 75.00
Enterprises: 12
10,820.273,405.00
636.35.00.00
144.2745.40
8.48.00.00
900.002,850.001,500.00
861.75.00
1,462.71.00
462.4943.09
915.37296.25
.001,193.20
184.41
12.0038.0020.0011.49
.0019.50
.006.17.57
12.203.95.00
15.912.46
2,696.5352.38
1,715.41
390.91
35.95.70
22.87
5.21
1,236.95(478.46)(271.96)(662.87)
16.49(6.38)(3.63)(8.84)
.59(.23)(.13)(.31)
28.185.12
14,861.62 198.15 7.03
5.12
5.05142.2610,669.27
4,855.2213,624.6715,524.49 7.35
6.45181.6664.74 2.30
34,072.05 454.29
-.8 %
(35.96 hours)(18.44 hours)
10,625.008,558.67
14,888.39.00
141.67114.12198.51
.00
206.99
.00.00 b) Lease Payments
10
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 60N 15P 6S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Rented Dryland Malt Barley
Acres Cropped: 81.50
Enterprises: 10
11,269.123,700.10
691.50.00.00
138.2745.40
8.48.00.00
978.003,097.001,630.00
935.67.00
1,589.48.00
502.5746.82
994.70321.93
.001,296.61
200.39
12.0038.0020.0011.48
.0019.50
.006.17.57
12.203.95.00
15.912.46
3,235.83.00
1,864.08
146.95
39.70.00
22.87
1.80
885.16(978.92)
(1,032.36)(1,179.31)
10.86(12.01)(12.67)(14.47)
.40(.44)(.47)(.54)
27.015.12
15,660.72 192.16 7.12
5.12
5.27142.2511,593.17
5,246.8614,775.5616,840.03 7.65
6.71181.3064.38 2.38
25,479.13 312.63
-4.1 %
(39.07 hours)(20.04 hours)
.009,300.42
16,178.71.00
.00114.12198.51
.00
206.63
.00.00 b) Lease Payments
11
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Roundup Ready CanolaAcres Cropped:
Enterprises:
200.16.00
8.48.00.00
337.37.00
8.48.00.00
25.0045.0023.0023.39
.0019.50
.006.17.57
12.203.95.00
15.912.46
25.0045.0023.0021.24
.0019.50
.006.17.57
12.203.95.00
15.912.46
17.284.54
22.87
23.98
42.00.00
22.87
1.80
(11.86)(34.73)(13.21)(37.19)
129.50106.63105.97104.17
34.789.70
208.65 345.85
175.01177.16
68.68220.51245.84
216.3566.68
1,234.42 312.63
921.79114.12198.51
.00
.00114.12198.51
.00
241.68
.00.00 b) Lease Payments
9.7020.64
Group AVG Top 1/3 AVG
89.50 55.006 2
12
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 60N 20P 15S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Roundup Ready Canola
Acres Cropped: 89.50
Enterprises: 6
17,914.61.00
759.38.00.00
200.16.00
8.48.00.00
2,237.504,027.502,058.502,093.84
.001,745.50
.00551.9151.42
1,092.34353.53
.001,423.88
220.06
25.0045.0023.0023.39
.0019.50
.006.17.57
12.203.95.00
15.912.46
1,546.29406.69
2,047.05
2,146.64
17.284.54
22.87
23.98
(1,061.55)(3,108.60)(1,182.03)(3,328.67)
(11.86)(34.73)(13.21)(37.19)
(.57)(1.68)(.64)
(1.80)
20.649.70
18,673.99 208.65 10.11
9.70
8.59177.1615,855.98
6,146.6719,735.5422,002.65 11.91
10.69220.5168.68 3.33
110,480.15 1,234.42
-1.1 %
(42.91 hours)(22.01 hours)
82,500.0010,213.3517,766.81
.00
921.79114.12198.51
.00
245.84
.00.00 b) Lease Payments
13
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 60N 20P 15S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Rented Dryland Roundup Ready Canola
Acres Cropped: 51.75
Enterprises: 4
14,246.39.00
439.08.00.00
275.29.00
8.48.00.00
1,293.752,328.751,190.251,164.89
.001,009.27
.00319.1229.73
631.61204.41
.00823.31127.24
25.0045.0023.0022.51
.0019.50
.006.17.57
12.203.95.00
15.912.46
2,319.43.00
1,183.63
93.31
44.82.00
22.87
1.80
3,277.652,094.022,060.081,966.77
63.3440.4639.8138.01
2.231.431.401.34
28.389.70
14,685.47 283.78 10.00
9.70
6.21176.289,122.33
3,596.3811,407.8312,718.70 8.66
7.77220.4469.50 2.45
16,178.47 312.63
12.7 %
(24.81 hours)(12.72 hours)
.005,905.48
10,272.99.00
.00114.12198.51
.00
245.77
.00.00 b) Lease Payments
14
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland PeasAcres Cropped:
Enterprises:
213.68.00
8.92.00.00
272.34.00
8.92.00.00
16.006.29
14.506.255.16
18.06.00
23.57.46
18.1211.73
.004.73
13.81
16.006.29
14.506.255.16
18.06.00
23.57.46
18.1211.73
.004.73
13.81
.006.34
18.61
17.46
.006.34
18.61
17.46
71.3952.7856.4238.96
130.05111.44115.0997.62
30.758.86
222.60 281.27
138.68138.68
44.96151.21183.64
151.2144.96
980.76 980.76
750.0058.70
172.05.00
750.0058.70
172.05.00
183.64
2.542.54 b) Lease Payments
7.6827.82
Group AVG Top 1/3 AVG
105.67 70.006 2
15
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 12N 25P 10S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Peas
Acres Cropped: 105.67
Enterprises: 6
22,578.81.00
942.87.00.00
213.68.00
8.92.00.00
1,690.67664.64
1,532.17660.42545.20
1,908.05.00
2,490.8948.73
1,914.381,239.47
.00499.46
1,459.67
16.006.29
14.506.255.16
18.06.00
23.57.46
18.1211.73
.004.73
13.81
.00670.37
1,966.73
1,845.06
.006.34
18.61
17.46
7,543.305,576.575,961.964,116.90
71.3952.7856.4238.96
2.571.902.031.40
27.827.68
23,521.68 222.60 8.00
7.68
4.98138.6814,653.74
4,751.0415,978.3819,404.78 6.60
5.43151.2144.96 1.62
103,633.44 980.76
5.8 %
(62.43 hours)(145.97 hours)
79,250.006,203.10
18,180.34.00
750.0058.70
172.05.00
183.64
2.54268.87 b) Lease Payments
16
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel
(A)
(B)
(C)
Total $ $/Acre $/Bushel
Rates: 12N 25P 10S
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Owned Dryland Peas
Acres Cropped: 105.67
Enterprises: 6
22,578.81.00
942.87.00.00
213.68.00
8.92.00.00
1,690.67664.64
1,532.17660.42545.20
1,908.05.00
2,490.8948.73
1,914.381,239.47
.00499.46
1,459.67
16.006.29
14.506.255.16
18.06.00
23.57.46
18.1211.73
.004.73
13.81
.00670.37
1,966.73
1,845.06
.006.34
18.61
17.46
7,543.305,576.575,961.964,116.90
71.3952.7856.4238.96
2.571.902.031.40
27.827.68
23,521.68 222.60 8.00
7.68
4.98138.6814,653.74
4,751.0415,978.3819,404.78 6.60
5.43151.2144.96 1.62
103,633.44 980.76
5.8 %
(62.43 hours)(145.97 hours)
79,250.006,203.10
18,180.34.00
750.0058.70
172.05.00
183.64
2.54268.87 b) Lease Payments
17
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Alfalfa/Grass HayAcres Cropped:
Enterprises:
125.972.05.00.00
4.86
167.56.00.00.00.00
.0012.943.08.28.00
4.96.00
5.06.00
7.392.84.19
6.559.99
.00
.00
.00
.00
.004.51.00
5.15.00
10.51.00.00
11.608.83
5.082.27
16.56
.06
.002.72
14.67
.00
82.1665.6155.6855.62
133.06118.39109.56109.56
2.1777.16
132.88 167.56
40.6153.28
23.9850.7277.26
34.5017.39
949.37 1,306.16
750.8567.78
130.74.00
1,100.00111.9494.22
.00
58.00
.00.00 b) Lease Payments
76.621.64
Group AVG Top 1/3 AVG
41.10 21.6710 3
18
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne
(A)
(B)
(C)
Total $ $/Acre $/Tonne
Rates: 20N 10P
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Alfalfa/Grass Hay
Acres Cropped: 41.10
Enterprises: 10
5,177.2584.34
.00
.00199.82
125.972.05.00.00
4.86
.00531.91126.6611.58
.00203.84
.00207.80
.00303.86116.91
7.68269.27410.47
.0012.94
3.08.28.00
4.96.00
5.06.00
7.392.84.19
6.559.99
208.9793.33
680.49
2.63
5.082.27
16.56
.06
3,376.972,696.492,288.652,286.02
82.1665.6155.6855.62
49.9839.9133.8733.83
1.6476.62
5,461.42 132.88 80.83
76.62
32.4153.282,189.98
985.422,084.443,175.40 47.00
30.8550.7223.98 14.58
39,019.28 949.37
5.9 %
(17.95 hours)(41.05 hours)
30,860.002,785.925,373.36
.00
750.8567.78
130.74.00
77.26
.00.00 b) Lease Payments
19
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne
(A)
(B)
(C)
Total $ $/Acre $/Tonne
Rates: 15N 7P
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Owned Dryland Alfalfa/Grass Hay
Acres Cropped: 38.00
Enterprises: 8
5,490.9546.98
.00
.0015.93
144.501.24.00.00.42
.00296.27
.006.45.00
181.66.00
193.61.00
328.4862.894.28
325.22362.07
.007.80.00.17.00
4.78.00
5.09.00
8.641.65.11
8.569.53
.00101.52600.65
1.47
.002.67
15.81
.04
4,052.023,451.383,090.773,089.31
106.6390.8381.3481.30
56.4748.1043.0843.06
1.8976.53
5,553.86 146.15 77.40
76.53
24.5446.341,760.92
703.631,501.842,464.55 34.35
20.9339.5218.52 9.81
46,234.21 1,216.69
6.7 %
(21.68 hours)(36.21 hours)
38,575.003,242.864,416.35
.00
1,015.1385.34
116.22.00
64.86
.00.00 b) Lease Payments
20
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland GreenfeedAcres Cropped:
Enterprises:
79.83.62.00.00
6.47
67.401.64.00.00
17.13
1.10.00
1.206.01.00
18.06.00
6.01.00
8.01.00.06
12.0610.70
2.92.00.00
4.54.00
18.11.00
5.72.00
6.78.00.15
9.0010.86
.833.05
17.76
.02
.002.95
18.01
.05
30.5112.752.072.05
35.9517.94
7.137.08
1.0365.59
86.92 86.17
58.0863.21
21.6656.4184.87
50.2221.01
1,262.52 1,212.85
1,023.30117.79121.43
.00
987.1090.51
135.24.00
79.09
.00.00 b) Lease Payments
66.321.20
Group AVG Top 1/3 AVG
117.33 93.006 2
21
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne
(A)
(B)
(C)
Total $ $/Acre $/Tonne
Rates:
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Greenfeed
Acres Cropped: 117.33
Enterprises: 6
9,367.2572.83
.00
.00758.83
79.83.62.00.00
6.47
129.33.00
141.00705.61
.002,119.51
.00705.04
.00939.36
.006.63
1,415.361,255.15
1.10.00
1.206.01.00
18.06.00
6.01.00
8.01.00.06
12.0610.70
97.65357.56
2,083.55
2.27
.833.05
17.76
.02
3,579.591,496.05
243.17240.90
30.5112.75
2.072.05
25.3410.59
1.721.71
1.2066.32
10,198.91 86.92 72.21
66.32
52.5163.217,416.99
2,541.036,619.329,958.01 70.50
46.8656.4121.66 17.99
148,135.51 1,262.52
.2 %
(94.36 hours)(125.51 hours)
120,066.6713,820.6714,248.17
.00
1,023.30117.79121.43
.00
84.87
.00.00 b) Lease Payments
22
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne
(A)
(B)
(C)
Total $ $/Acre $/Tonne
Rates:
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Owned Dryland Greenfeed
Acres Cropped: 134.80
Enterprises: 5
11,217.2961.18
.00
.00637.13
83.21.45.00.00
4.73
108.64.00.00
843.13.00
2,434.05.00
816.37.00
1,107.86.00
5.571,693.331,438.43
.81
.00
.006.25.00
18.06.00
6.06.00
8.22.00.04
12.5610.67
.00422.28
2,388.12
1.91
.003.13
17.72
.01
4,482.472,094.34
657.82655.91
33.2515.54
4.884.87
26.5112.38
3.893.88
1.2566.33
11,915.61 88.39 70.46
66.33
49.9562.678,447.38
2,812.317,433.14
11,259.69 66.5843.9555.14
20.86 16.63
176,623.22 1,310.26
.4 %
(112.89 hours)(143.84 hours)
144,080.0016,477.3516,065.87
.00
1,068.84122.24119.18
.00
83.53
.00.00 b) Lease Payments
23
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre ()Expected Market Price Per
(A)
(B)
(C)
$/Acre $/Acre
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. Mach.MachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland SummerfallowAcres Cropped:
Enterprises:
.00
.004.16.61.00
.00
.004.231.06.00
.00
.004.72.00
2.378.36.00
9.14.09
2.97.00.10
1.814.59
.00
.00
.00
.002.387.08.00
6.04.00
1.88.00.17.00
4.26
.003.92
18.57
5.54
.002.48
13.39
.73
(34.75)(53.32)(52.36)(57.90)
(15.47)(28.86)(32.38)(33.11)
.000.00
4.77 5.29
21.8134.14
28.5339.5162.67
20.7616.59
820.72 182.64
565.32116.61138.79
.00
.0080.57
102.07.00
38.40
.00.50 b) Lease Payments
0.00.00
Group AVG Top 1/3 AVG
515.00 622.004 1
24
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre ()Expected Market Price Per
(A)
(B)
(C)
Total $ $/Acre $/
Rates:
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
All Dryland Summerfallow
Acres Cropped: 515.00
Enterprises: 4
.00
.002,142.64
312.24.00
.00
.004.16.61.00
.00
.002,431.01
.001,221.264,304.34
.004,704.56
46.691,530.66
.0050.00
931.072,361.50
.00
.004.72.00
2.378.36.00
9.14.09
2.97.00.10
1.814.59
.002,020.189,562.92
2,852.10
.003.92
18.57
5.54
(17,894.64)(27,457.56)(26,966.96)(29,819.06)
(34.75)(53.32)(52.36)(57.90)
0.000.000.000.00
.000.00
2,454.88 4.77 0.00
0.00
0.0034.1417,581.10
14,692.8320,349.5232,273.93 0.00
0.0039.5128.53 0.00
422,668.27 820.72
-6.4 %
(70.45 hours)(239.22 hours)
291,137.5060,053.6171,477.16
.00
565.32116.61138.79
.00
62.67
.50257.63 b) Lease Payments
25
1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program
1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings
10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour
1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation
4. Paid Capital Interest
GROSS RETURN
VARIABLE COSTS
TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)
RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)
MANAGEMENTYield Per Acre ()Expected Market Price Per
(A)
(B)
(C)
Total $ $/Acre $/
Rates:
5. Additional Revenue from Straw / Aftermath Grazing
TOTALIrr. MachineryMachineryBuildingsLand
INVESTMENT
2007 Crops Enterprise Analysis
Owned Dryland Summerfallow
Acres Cropped: 479.33
Enterprises: 3
.00
.001,980.73
195.56.00
.00
.004.13.41.00
.00
.003,241.35
.001,134.254,270.56
.005,020.41
62.261,651.74
.0031.31
1,241.432,266.37
.00
.006.76.00
2.378.91.00
10.47.13
3.45.00.07
2.594.73
.002,180.019,974.83
3,651.78
.004.55
20.81
7.62
(20,652.33)(30,627.16)(29,241.75)(32,893.53)
(43.09)(63.90)(61.01)(68.62)
0.000.000.000.00
.000.00
2,176.29 4.54 0.00
0.00
0.0039.4718,919.69
16,150.1422,828.6235,069.82 0.00
0.0047.6333.69 0.00
525,689.57 1,096.71
-5.6 %
(93.93 hours)(228.56 hours)
388,183.3363,365.6674,140.58
.00
809.84132.20154.67
.00
73.16
.72343.51 b) Lease Payments
26
DEFINITIONS AND ALLOCATIONS I INCOME A Imputed Value of Production – total of estimated
yields/acre X estimated final prices B Crop Insurance Receipts – added regardless of
when payment is received C Miscellaneous Receipts – such as patronage
dividends or input rebates D Government Program Receipts – allocated to all
cropped acres equally E Straw/Aftermath Grazing Revenue – value of
straw + imputed value of grazing II EXPENSES A Crop Specific Inputs – allocated by producer to
each crop as documented on the survey form 1. Seed 2. Fertilizer 3. Chemical 4. Hail and Crop Insurance 5. Custom Work and Specialized Labour 6. Land Rent – cash rent or crop share (converted to a
cash basis) B Allocated Crop Inputs – allocation ratios based on
research from AAFRD 1. Irrigation to Dryland Ratio – allocated to crops at
a 3:1 ratio 2. Trucking and Marketing – allocated to specific
cropping acres by producer 3. Fuel – Summerfallow – allocation of 0.3:1
compared to crop acres; Sugar beets – allocation of 2.96:1 compared to other irrigated crop acres
4. Irrigation Fuel – allocation based on total pumping hours for each crop
5. Machinery Repairs – allocated equally to all acres except summerfallow (0.3:1) and special crops (as specified by producer)
6. Building Repairs – allocated to all acres equally except for special crops buildings
7. Operating Interest – interest paid on operating loans allocated equally
8. Paid Labour – based on allocations between crops as specified by producer
9. Unpaid and Operator Labour – operator - $10/hour, other unpaid labour - $7.50/hour
10. Land Taxes – allocated equally to all owned cropped acres
11. Water Rates – allocated equally to all owned irrigated acres
12. Water Rates – allocated equally to all owned irrigated acres
13. Equipment Depreciation – imputed at 8.5% for power equipment, 11% for non-power, based on current market value
14. Insurance and Licenses – allocated to all cropped acres equally
15. Building Depreciation – imputed at 5% on the current market value
16. Paid Capital Interest – allocated to all owned cropped acres equally except summerfallow (0.25:1)
III CAPITAL INVESTMENT A Land – producer estimate of bare land value for
both irrigated and dryland owned acreage B Buildings – allocated equally to all acreage except
special crops buildings (allocated to the crop) C Equipment
1. General Use – allocated to all acres equally, except summerfallow (0.3:1)
2. Crop Specific – allocated by producer to each crop based on percentage of use
3. Irrigation – allocated according to pumping hours as specified by producer
IV SUMMARY CALCULATION
A Gross Return = imputed value of production + crop insurance receipts + miscellaneous receipts + government program payments + straw/grazing revenue
B Variable Costs = seed + fertilizer + chemicals + crop insurance + trucking and marketing + fuel + machinery and building repairs + utilities + miscellaneous overhead + custom work + operating interest + paid and unpaid labour
C Total Capital Costs = land rent + land taxes + water rates + insurance + depreciation + paid capital interest
D Cash Costs = variable costs + capital costs – unpaid labour – depreciation
E Total Production Costs = variable costs + total capital costs
F Gross Margin (returns left to cover total capital costs and operator equity) = gross return – total cash costs
G Return to Unpaid Labour (funds remaining after all expenses have been paid except unpaid labour) = gross return – total production costs + unpaid labour
H Return to Investment (shows the operation’s ability to earn a return on its total assets) = gross return – total production costs + paid capital interest
I Return to Equity (amount remaining from operations used to provide a return to individual or shareholder equity) = gross return – total production costs
27