economics and competitivenessdepartment/deptdocs.nsf/all/... · the . agriprofit$ business analysis...

Economics and Competitiveness

2008

Cost and Return Benchmarks

for Crops and Forages

Black Soil Zone

TABLE OF CONTENTS

2008 Black Soil Zone

OVERVIEW .......................................................................................................1

CROPS

Spring Wheat ..........................................................................................2 CPS Wheat .............................................................................................6 Malt Barley ..............................................................................................10 Feed Barley.............................................................................................13 Oats ........................................................................................................17 Liberty Link Canola .................................................................................18 Roundup Ready Canola..........................................................................22 Field Peas ...............................................................................................26

FORAGES

Greenfeed ...............................................................................................30 Haylage...................................................................................................31 Grain Silage ............................................................................................35 Alfalfa Hay...............................................................................................39 Alfalfa/Grass Hay ....................................................................................41

DEFINITIONS AND ALLOCATIONS..................................................................45

OVERVIEW OVERVIEW

2008 Black Soil Zone

The AgriProfit$ Business Analysis and Research Program provides a provincial overview of costs and returns for field crops and forages. The Economics Branch collects cost of production information annually from Alberta producers to generate regional benchmarks. Producer participants are critical to providing a financial representation of Alberta’s cropping industry.

AgriProfit$ cropping benchmarks are analyzed by soil zone group, top third producers, and owned land versus rented land where available. Top third averages are calculated from fields that have the highest return to equity. Analyzing crops by owned versus rented also provides insight into differences in management.

Benchmarks allow for comparison of individual crop costs and returns to other farms in a similar production area. Benchmarks should not replace individual cropping and financial records. There is a danger of over or underestimating costs and returns if basing them on regional benchmarks and forecasts. Strategic planning is more effective when individual costs are used. Managing unit costs of production is one of the most significant strategies to ensure profitability in a mature commodity market.

2008 AgriProfit$ Participants

overnment of Alberta

The top map shows the Black Soil Zone in Alberta; this is the grouping method used for this study. Please note that farms highlighted within these zones may contain characteristics of neighbouring soil zones. The map on the bottom shows the distribution of the 2008 participants.

Questions or Comments: Karla Bergstrom Production Crops Economist, Economics Branch 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, Shukun Guan, Lorraine Kohlman, Nabi Chaudhary, Guangzhi Liu, Richard Stadlwieser, Interviewers and Participants

GAgriculture and Rural Development

1

1. Crop Sales - Imputed Value of Production

2. Crop Insurance Receipts

3. Miscellaneous Receipts

4. 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: 70N 25P 18K 6S

5. Additional Revenue from Straw / Aftermath Grazing

TOTAL

Irr. MachineryMachineryBuildingsLand

INVESTMENT

2008 Crops Enterprise Analysis

Dryland Spring Wheat

Acres Cropped: 191.38

Enterprises: 32

78,183.14

204.99

.00

.00

786.25

408.53

1.07

.00

.00

4.11

4,149.8712,876.816,426.712,694.25

622.373,550.31

.002,179.091,137.571,942.59

240.821,021.313,873.211,617.71

21.6867.2933.5814.08

3.2518.55

.0011.39

5.9410.15

1.265.34

20.248.45

6,702.761,113.556,101.96

1,995.72

35.025.82

31.88

10.43

27,956.7621,854.8022,232.8120,237.09

146.08114.20116.17105.75

2.231.741.771.61

65.576.23

79,174.38 413.71 6.31

6.23

3.37221.2042,332.63

16,604.66

51,217.6258,937.29 4.70

4.08267.63

86.77 1.32

315,465.24 1,648.41

7.0 %

(180.39 hours)

(164.56 hours)

235,235.9424,949.4655,279.84

.00

1,229.19130.37288.86

.00

307.97

3.61690.67 b) Lease Payments

2









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL

Irr. Mach.MachineryBuildingsLand

INVESTMENT


Dryland Spring Wheat

Acres Cropped:

Enterprises:

408.53

1.07

.00

.00

4.11

452.82

.00

.00

.00

5.73

21.6867.2933.5814.083.25

18.55.00

11.395.94

10.151.265.34

20.248.45

21.3962.8428.0214.15

2.8017.36

.0010.22

6.547.961.683.05

12.477.25

35.025.82

31.88

10.43

6.207.54

26.54

18.86

146.08114.20116.17105.75

234.65208.12219.72200.86

69.986.47

413.71 458.55

195.70221.20

86.77

267.63307.97

223.90

61.98

1,648.41 2,033.44

1,229.19130.37288.86

.00

1,691.8586.03

255.56.00

257.68


6.2365.57

Group AVG Top 1/3 AVG

191.38 195.73

32 11

3









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Own Dryland Spring Wheat


Enterprises: 15

90,546.35

153.33

.00

.00

822.80

426.97

.72

.00

.00

3.88

4,860.2514,774.757,445.362,758.51

985.273,954.81

.002,426.371,225.902,539.81

231.701,191.175,240.051,644.03

22.9269.6735.1113.01

4.6518.65

.0011.44

5.7811.98

1.095.62

24.717.75

.001,792.817,366.69

3,794.02

.008.45

34.74

17.89

37,301.7629,935.0732,085.0528,291.03

175.90141.16151.30133.41

2.562.052.201.94

68.796.21

91,522.48 431.57 6.27

6.21

3.38232.3749,277.98

13,953.46

54,220.7263,231.44 4.33

3.72255.68

65.80 .96

600,216.95 2,830.32

5.3 %

(244.60 hours)

(164.40 hours)

501,836.6732,714.8965,665.39

.00

2,366.41154.27309.65

.00

298.17


4









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Rent Dryland Spring Wheat


Enterprises: 17

67,274.43

250.57

.00

.00

754.00

388.61

1.45

.00

.00

4.36

3,523.0611,202.165,527.912,637.56

302.173,193.39

.001,960.901,059.631,415.63

248.87871.43

2,667.181,594.48

20.3564.7131.9315.24

1.7518.45

.0011.33

6.128.181.445.03

15.419.21

12,616.96514.21

4,986.02

408.98

72.882.97

28.80

2.36

19,711.1814,725.1513,539.6613,130.67

113.8685.0678.2175.85

1.831.371.261.22

62.086.26

68,279.00 394.41 6.35

6.26

3.37209.1336,204.38

18,943.95

48,567.8255,148.33 5.13

4.52280.55

109.43 1.76

64,213.73 370.93

21.1 %

(123.73 hours)

(164.70 hours)

.0018,097.6146,116.12

.00

.00104.54266.39

.00

318.56


5









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Dryland CPS Wheat


Enterprises: 10

79,960.08

538.55

.00

.00

2,712.00

418.86

2.82

.00

.00

14.21

4,593.3513,734.175,730.352,121.01

233.653,277.01

.001,896.67

612.211,856.28

521.00517.60

2,416.362,112.09

24.0671.9430.0211.11

1.2217.17

.009.943.219.722.732.71

12.6611.06

4,169.90815.26

5,824.65

3,075.07

21.844.27

30.51

16.11

36,856.6331,031.9831,994.9628,919.89

193.07162.56167.60151.49

2.572.162.232.02

75.145.57

83,210.63 435.89 5.80

5.57

2.76207.5539,621.75

14,668.99

46,354.0054,290.74 3.78

3.23242.82

76.84 1.02

252,381.31 1,322.06

12.7 %

(130.38 hours)

(214.62 hours)

177,537.5022,205.7752,638.04

.00

930.00116.32275.74

.00

284.39


6









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland CPS Wheat

Acres Cropped:

Enterprises:

418.86

2.82

.00

.00

14.21

494.60

.00

.00

.00

17.53

24.0671.9430.0211.111.22

17.17.00

9.943.219.722.732.71

12.6611.06

25.8659.3525.61

8.852.59

15.62.00

8.123.089.021.611.648.55

11.50

21.844.27

30.51

16.11

5.825.68

27.45

25.94

193.07162.56167.60151.49

298.28270.83285.27259.33

82.565.99

435.89 512.13

181.41207.55

76.84

242.82284.39

213.85

71.39

1,322.06 1,700.76

930.00116.32275.74

.00

1,335.27121.68243.82

.00

252.80


5.5775.14


190.90 294.67

10 3

7









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Own Dryland CPS Wheat


Enterprises: 3

154,087.12

.00

.00

.00

2,500.00

509.66

.00

.00

.00

8.27

8,350.1718,485.009,214.362,736.68

761.894,808.96

.002,117.391,464.243,166.59

230.001,222.616,073.562,791.38

27.6261.1430.48

9.052.52

15.91.00

7.004.84

10.47.76

4.0420.09

9.23

.002,094.939,589.05

8,770.99

.006.93

31.72

29.01

84,476.0774,887.0280,866.6472,095.65

279.41247.70267.48238.46

3.252.883.112.77

86.095.92

156,587.12 517.93 6.02

5.92

2.36203.1661,422.82

23,068.65

72,111.0584,491.47 3.25

2.77238.52

76.30 .89

726,671.64 2,403.54

11.1 %

(329.40 hours)

(279.14 hours)

591,791.6753,503.4881,376.49

.00

1,957.41176.97269.16

.00

279.46

8.652,613.68 b) Lease Payments

8









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Rent Dryland CPS Wheat


Enterprises: 7

48,191.35

769.36

.00

.00

2,802.86

336.67

5.37

.00

.00

19.58

2,983.2911,698.104,237.201,857.15

7.262,620.46

.001,802.08

247.051,294.72

645.71215.46848.99

1,820.97

20.8481.7229.6012.97

.0518.31

.0012.59

1.739.044.511.515.93

12.72

5,957.00266.83

4,211.34

633.97

41.621.86

29.42

4.43

16,448.3012,236.9611,049.9610,416.00

114.9185.4977.2072.77

1.761.311.181.12

65.235.16

51,763.56 361.62 5.54

5.16

3.24211.5330,278.43

11,069.14

35,315.2641,347.57 4.43

3.78246.71

77.33 1.19

49,114.03 343.11

22.5 %

(45.09 hours)

(186.97 hours)

.008,792.46

40,321.57.00

.0061.42

281.69.00

288.86

.00.00 b) Lease Payments

9









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Dryland Malt Barley


Enterprises: 11

29,102.03

1,549.09

.00

.00

652.41

295.04

15.71

.00

.00

6.61

1,965.717,255.913,056.251,105.771,374.951,831.25

.001,825.76

63.791,902.101,570.41

433.45722.46

1,133.65

19.9373.5630.9911.2113.9418.57

.0018.51

.6519.2815.92

4.397.32

11.49

1,296.861,074.124,019.81

1,053.85

13.1510.8940.75

10.68

4,770.88751.07671.28

(382.58)

48.377.616.81

(3.88)

.62

.10

.09(.05)

78.423.76

31,303.53 317.36 4.05

3.76

3.13245.7724,241.46

7,444.65

26,532.6531,686.11 4.10

3.43268.99

75.48 .96

204,182.29 2,070.05

.3 %

(57.40 hours)

(115.04 hours)

157,236.367,815.20

39,130.73.00

1,594.1079.23

396.72.00

321.24


10









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Malt Barley

Acres Cropped:

Enterprises:

295.04

15.71

.00

.00

6.61

378.23

.00

.00

.00

.00

19.9373.5630.9911.2113.9418.57

.0018.51

.6519.2815.924.397.32

11.49

19.9073.4227.01

9.0125.0322.94

.0026.03

.5418.33

1.462.627.49

15.26

13.1510.8940.75

10.68

10.259.29

45.31

1.69

48.377.616.81

(3.88)

123.2177.9064.3362.64

79.154.78

317.36 378.23

249.04245.77

75.48

268.99321.24

255.02

66.55

2,070.05 1,939.22

1,594.1079.23

396.72.00

1,404.1195.77

439.33.00

315.59


3.7678.42


98.64 97.25

11 4

11









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Own Dryland Malt Barley


Enterprises: 9

26,103.96

1,893.33

.00

.00

797.39

282.04

20.46

.00

.00

8.62

2,049.087,276.942,797.701,244.551,583.431,607.56

.001,644.45

31.681,865.461,919.39

453.58528.20

1,141.92

22.1478.6230.2313.4517.1117.37

.0017.77

.3420.1520.74

4.905.71

12.34

.001,130.553,263.54

1,159.84

.0012.2135.26

12.53

3,502.28238.74256.66

(903.18)

37.842.582.77

(9.76)

.50

.03

.04(.13)

76.043.71

28,794.69 311.11 4.09

3.71

3.43260.8624,143.94

5,553.93

25,292.4129,697.87 4.22

3.59273.27

60.01 .79

231,357.51 2,499.66

.1 %

(48.02 hours)

(116.23 hours)

192,177.787,434.06

31,745.67.00

2,076.3580.32

342.99.00

320.87


12









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Dryland Feed Barley


Enterprises: 26

46,774.32

5,218.31

.00

.00

1,233.72

271.94

30.34

.00

.00

7.17

2,331.489,070.634,533.691,263.11

156.342,953.05

.001,916.83

860.191,281.52

183.35283.65

1,143.051,481.88

13.5652.7426.36

7.34.91

17.17.00

11.145.007.451.071.656.658.62

3,299.001,023.445,971.83

1,929.36

19.185.95

34.72

11.22

20,900.3014,928.4715,375.9513,446.59

121.5186.7989.4078.18

1.541.101.13.99

78.923.45

53,226.35 309.46 3.92

3.45

2.02159.6427,458.76

12,320.99

32,326.0439,779.76 2.93

2.38187.94

71.63 .91

238,585.14 1,387.12

6.4 %

(71.79 hours)

(150.61 hours)

168,106.7311,388.2859,090.13

.00

977.3666.21

343.55.00

231.28


13









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Feed Barley

Acres Cropped:

Enterprises:

271.94

30.34

.00

.00

7.17

397.37

76.63

.00

.00

6.23

13.5652.7426.367.34.91

17.17.00

11.145.007.451.071.656.658.62

16.7164.9226.3815.42

1.9916.63

.0010.11

9.517.412.771.668.397.48

19.185.95

34.72

11.22

21.477.40

21.46

22.80

121.5186.7989.4078.18

244.84223.37238.69215.89

95.414.16

309.46 480.23

189.40159.64

71.63

187.94231.28

235.40

74.94

1,387.12 1,527.84

977.3666.21

343.55.00

1,250.6565.01

212.18.00

264.34


3.4578.92


172.00 140.56

26 9

14









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Own Dryland Feed Barley


Enterprises: 16

48,546.78

.00

.00

.00

1,418.98

268.68

.00

.00

.00

7.85

2,290.908,651.784,735.42

971.48156.76

3,026.19.00

1,895.48806.29

1,382.71140.44268.62

1,103.421,577.80

12.6847.8826.21

5.38.87

16.75.00

10.494.467.65.78

1.496.118.73

.001,322.237,023.20

2,817.98

.007.32

38.87

15.60

20,270.8313,247.6214,487.8011,669.82

112.1973.3280.1864.59

1.43.94

1.02.82

78.323.43

49,965.76 276.53 3.53

3.43

1.91149.4727,007.27

11,288.66

29,694.9438,295.94 2.71

2.10164.34

62.48 .80

355,590.38 1,967.99

4.1 %

(74.38 hours)

(159.75 hours)

273,173.4413,254.2269,162.73

.00

1,511.8673.35

382.78.00

211.95


15









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Rent Dryland Feed Barley


Enterprises: 10

43,938.39

13,567.60

.00

.00

937.30

277.92

85.82

.00

.00

5.93

2,396.429,740.784,210.931,729.72

155.682,836.02

.001,950.98

946.441,119.61

252.00307.70

1,206.451,328.41

15.1661.6126.6310.94

.9817.94

.0012.34

5.997.081.591.957.638.40

8,577.40545.38

4,289.64

507.56

54.253.45

27.13

3.21

21,907.4717,617.8316,796.9816,289.42

138.57111.43106.24103.03

1.731.391.331.29

80.023.47

58,443.29 369.66 4.62

3.47

2.23178.2528,181.15

13,972.72

36,535.8242,153.86 3.33

2.89231.09

88.38 1.10

51,376.75 324.96

32.7 %

(67.65 hours)

(135.99 hours)

.008,402.77

42,973.98.00

.0053.15

271.82.00

266.63


16









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 53N 21P 13K


TOTAL


INVESTMENT


Dryland Oats


Enterprises: 3

18,479.42

.00

.00

.00

1,321.75

99.00

.00

.00

.00

7.08

1,575.007,018.602,079.90

485.5094.62

3,264.62.00

2,140.82269.56

3,841.04706.50629.32

3,429.492,822.71

8.4437.6011.14

2.60.51

17.49.00

11.471.44

20.583.783.37

18.3715.12

.001,199.358,819.83

427.37

.006.43

47.25

2.29

(7,525.24)(16,345.07)(18,740.42)(19,167.78)

(40.31)(87.56)

(100.40)(102.68)

(.77)(1.67)(1.92)(1.96)

52.411.89

19,801.16 106.08 2.02

1.89

2.90151.9228,357.67

10,611.27

27,326.4038,968.95 3.98

2.79146.39

56.85 1.08

335,250.27 1,795.98

-5.6 %

(165.81 hours)

(288.40 hours)

226,066.6732,203.0576,980.56

.00

1,211.07172.52412.40

.00

208.76


17









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Dryland Liberty Link Canola


Enterprises: 16

106,673.64

4,935.08

.00

.00

25.56

593.66

27.46

.00

.00

.14

5,714.1217,037.597,930.365,424.60

956.982,844.45

.001,872.34

913.192,136.432,053.29

522.641,688.841,498.45

31.8094.8244.1330.19

5.3315.83

.0010.42

5.0811.8911.43

2.919.408.34

4,139.611,077.794,577.94

3,492.51

23.046.00

25.48

19.44

53,310.2248,732.2850,726.3347,233.83

296.68271.21282.30262.87

5.585.105.314.94

53.2011.16

111,634.28 621.27 11.68

11.16

5.29281.5650,593.28

13,807.18

58,324.0764,400.46 6.74

6.10324.59

76.84 1.44

298,331.66 1,660.28

17.0 %

(106.99 hours)

(152.64 hours)

240,285.9414,397.1243,648.60

.00

1,337.2480.12

242.91.00

358.40


18









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Liberty Link Canola

Acres Cropped:

Enterprises:

593.66

27.46

.00

.00

.14

767.28

51.27

.00

.00

.00

31.8094.8244.1330.195.33

15.83.00

10.425.08

11.8911.432.919.408.34

34.7988.5551.8043.36

4.5317.71

.0012.3710.29

9.941.892.308.466.70

23.046.00

25.48

19.44

51.664.52

22.23

11.03

296.68271.21282.30262.87

465.35443.12447.44436.41

60.9412.59

621.27 818.55

292.70281.56

76.84

324.59358.40

353.21

89.44

1,660.28 1,215.89

1,337.2480.12

242.91.00

950.1034.98

230.80.00

382.14


11.1653.20


179.69 196.40

16 5

19









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Own Dryland Liberty Link Canola


Enterprises: 11

96,161.35

1,738.52

.00

.00

37.18

558.49

10.10

.00

.00

.22

5,283.1216,446.947,101.974,357.801,057.992,552.27

.001,628.05

575.132,167.362,719.33

597.241,588.821,597.37

30.6895.5241.2525.31

6.1414.82

.009.463.34

12.5915.79

3.479.239.28

.001,338.484,465.97

4,705.81

.007.77

25.94

27.33

45,061.3540,595.3843,703.8338,998.02

261.71235.77253.82226.49

5.044.544.884.36

51.9610.75

97,937.04 568.80 10.95

10.75

5.33276.8847,673.38

11,265.65

52,875.6958,939.03 6.59

5.91307.09

65.43 1.26

407,784.26 2,368.34

10.7 %

(109.32 hours)

(163.79 hours)

349,506.8217,240.2241,037.22

.00

2,029.87100.13238.34

.00

342.31


20









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Rent Dryland Liberty Link Canola


Enterprises: 5

129,800.70

11,967.51

.00

.00

.00

661.57

61.00

.00

.00

.00

6,662.3118,337.029,752.807,771.57

734.773,487.27

.002,409.771,656.912,068.39

588.00358.51

1,908.901,280.84

33.9693.4649.7139.61

3.7517.77

.0012.28

8.4510.54

3.001.839.736.53

13,246.76504.28

4,824.26

823.23

67.522.57

24.59

4.20

71,457.7166,633.4566,175.8465,352.60

364.21339.62337.29333.09

6.556.116.075.99

55.5711.90

141,768.21 722.57 13.00

11.90

5.23290.6157,017.07

19,398.54

70,310.5076,415.61 7.01

6.45358.36

98.87 1.78

57,535.94 293.25

115.0 %

(101.86 hours)

(128.08 hours)

.008,142.31

49,393.64.00

.0041.50

251.75.00

389.48


21









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Dryland Roundup Ready Canola


Enterprises: 46

85,917.97

559.43

.00

.00

.00

500.03

3.26

.00

.00

.00

5,538.6813,731.945,652.843,992.51

929.083,247.82

.002,409.66

468.162,337.50

648.87689.37

2,756.421,612.72

32.2379.9232.9023.24

5.4118.90

.0014.02

2.7213.60

3.784.01

16.049.39

6,128.19876.91

6,413.48

1,282.54

35.675.10

37.33

7.46

35,477.8429,064.3628,734.1927,451.65

206.48169.15167.23159.76

4.523.703.663.50

45.6910.94

86,477.40 503.28 11.02

10.94

5.61256.1644,015.56

15,010.19

50,999.5659,025.76 7.52

6.50296.81

87.36 1.91

214,691.75 1,249.47

13.4 %

(135.66 hours)

(162.57 hours)

136,476.0918,664.4359,551.23

.00

794.27108.62346.58

.00

343.52


22









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Roundup Ready Canola

Acres Cropped:

Enterprises:

500.03

3.26

.00

.00

.00

666.42

6.64

.00

.00

.00

32.2379.9232.9023.245.41

18.90.00

14.022.72

13.603.784.01

16.049.39

32.4094.4137.9732.9310.3520.30

.0015.59

4.1618.43

5.146.72

30.238.77

35.675.10

37.33

7.46

34.486.39

41.59

8.74

206.48169.15167.23159.76

310.30268.71268.68259.94

56.0111.90

503.28 673.06

317.40256.16

87.36

296.81343.52

362.76

95.72

1,249.47 1,893.57

794.27108.62346.58

.00

1,350.04177.80365.74

.00

413.12


10.9445.69


171.83 185.60

46 15

23









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Own Dryland Roundup Ready Canola


Enterprises: 15

98,861.97

1,715.60

.00

.00

.00

494.15

8.58

.00

.00

.00

6,057.5614,414.257,109.154,376.151,349.173,707.58

.002,491.48

856.092,623.57

554.561,112.744,417.992,101.89

30.2872.0535.5321.87

6.7418.53

.0012.45

4.2813.11

2.775.56

22.0810.51

.001,363.328,019.64

2,610.42

.006.81

40.08

13.05

46,793.4138,773.7639,282.2936,671.88

233.89193.80196.35183.30

5.464.524.584.28

42.8611.53

100,577.57 502.72 11.73

11.53

5.97255.7851,172.17

12,733.53

53,784.1763,905.70 7.45

6.27268.83

63.65 1.49

522,021.33 2,609.24

7.5 %

(202.81 hours)

(211.89 hours)

418,526.6733,054.9070,439.76

.00

2,091.94165.22352.08

.00

319.42


24









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Rent Dryland Roundup Ready Canola


Enterprises: 31

79,654.74

.00

.00

.00

.00

503.63

.00

.00

.00

.00

5,287.6113,401.794,948.173,806.88

725.803,025.35

.002,370.07

280.462,199.08

694.50484.51

1,952.441,376.02

33.4384.7331.2924.07

4.5919.13

.0014.99

1.7713.90

4.393.06

12.348.70

9,093.45641.56

5,636.30

640.02

57.494.06

35.64

4.05

30,002.5724,366.2723,630.2722,990.25

189.70154.06149.41145.36

4.003.253.153.07

47.4210.62

79,654.74 503.63 10.62

10.62

5.41256.4040,552.69

16,111.81

49,652.1756,664.49 7.56

6.62313.93

101.87 2.15

65,983.88 417.19

35.8 %

(103.16 hours)

(138.70 hours)

.0011,701.3054,282.58

.00

.0073.98

343.21.00

358.27


25









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 11P


TOTAL


INVESTMENT


Dryland Peas


Enterprises: 9

28,164.06

.00

.00

.00

241.10

262.67

.00

.00

.00

2.25

3,436.78847.22

4,060.77713.67170.66

2,503.00.00

1,863.53198.29

1,495.55266.83295.72938.74

1,042.14

32.057.90

37.876.661.59

23.34.00

17.381.85

13.952.492.768.769.72

1,333.29867.95

5,559.09

1,364.08

12.438.09

51.85

12.72

8,049.082,489.992,811.931,447.85

75.0723.2226.2313.50

1.95.60.68.35

38.536.82

28,405.16 264.92 6.88

6.82

4.32166.3217,832.89

9,124.42

20,356.0826,957.31 6.53

4.93189.85

85.10 2.21

156,129.82 1,456.13

1.8 %

(61.91 hours)

(104.75 hours)

94,166.678,890.22

53,072.94.00

878.2482.91

494.98.00

251.42


26









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Peas

Acres Cropped:

Enterprises:

262.67

.00

.00

.00

2.25

277.61

.00

.00

.00

5.17

32.057.90

37.876.661.59

23.34.00

17.381.85

13.952.492.768.769.72

28.232.70

37.1015.29

1.7223.40

.0012.47

1.127.335.723.713.60

12.35

12.438.09

51.85

12.72

12.383.88

24.28

13.09

75.0723.2226.2313.50

111.0486.7687.5074.41

45.366.12

264.92 282.77

154.73166.32

85.10

189.85251.42

171.73

53.63

1,456.13 1,001.93

878.2482.91

494.98.00

714.2962.82

224.82.00

208.36


6.8238.53


107.22 140.00

9 3

27









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 12P


TOTAL


INVESTMENT


Own Dryland Peas


Enterprises: 6

25,123.08

.00

.00

.00

361.65

226.67

.00

.00

.00

3.26

2,879.17913.52

4,349.26720.5090.92

2,470.31.00

1,746.18211.60

1,412.02400.25310.44774.29

1,132.34

25.988.24

39.246.50.82

22.29.00

15.761.91

12.743.612.806.99

10.22

.00969.86

5,333.69

1,813.59

.008.75

48.12

16.36

6,422.841,089.151,770.39

(43.20)

57.959.83

15.97(.39)

1.63.28.45

(.01)

35.526.38

25,484.74 229.94 6.47

6.38

4.42157.0917,410.80

8,117.14

19,061.9025,527.94 6.48

4.84171.99

73.24 2.06

201,063.14 1,814.10

.9 %

(53.01 hours)

(114.04 hours)

141,250.009,458.28

50,354.86.00

1,274.4485.34

454.33.00

230.33


28









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 10P


TOTAL


INVESTMENT


Rent Dryland Peas


Enterprises: 3

34,246.00

.00

.00

.00

.00

342.46

.00

.00

.00

.00

4,552.00714.60

3,483.80700.00330.14

2,568.38.00

2,098.22171.67

1,662.60.00

266.291,267.65

861.73

45.527.15

34.847.003.30

25.68.00

20.981.72

16.63.00

2.6612.68

8.62

3,999.87664.14

6,009.89

465.08

40.006.64

60.10

4.65

11,301.575,291.684,895.024,429.94

113.0252.9248.9544.30

2.501.171.08.98

45.207.58

34,246.00 342.46 7.58

7.58

4.13186.7718,677.08

11,138.97

22,944.4329,816.06 6.60

5.08229.44

111.39 2.46

66,263.18 662.63

7.4 %

(79.71 hours)

(86.17 hours)

.007,754.09

58,509.10.00

.0077.54

585.09.00

298.16


29









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS



MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne

(A)

(B)

(C)

Total $ $/Acre $/Tonne

Rates: 40N 20P 3S


TOTAL


INVESTMENT


Dryland Greenfeed


Enterprises: 3

10,122.19

.00

.00

.00

45.44

151.83

.00

.00

.00

.68

660.802,536.67

833.33787.47

.001,643.15

.001,045.74

146.48616.19866.6781.80

.001,988.60

9.9138.0512.5011.81

.0024.65

.0015.69

2.209.24

13.001.23.00

29.83

.00551.48

2,139.51

72.01

.008.27

32.09

1.08

325.83(1,813.68)(3,730.26)(3,802.28)

4.89(27.21)(55.95)(57.03)

2.48(13.79)(28.35)(28.90)

1.9776.94

10,167.62 152.51 77.28

76.94

85.18168.1011,206.90

2,763.00

9,841.7913,969.90 106.18

74.80147.63

41.45 21.00

102,788.89 1,541.83

-3.6 %

(0.00 hours)

(242.51 hours)

77,066.678,276.36

17,445.86.00

1,156.00124.15261.69

.00

209.55


30









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 10N 4P 2K 1S


TOTAL


INVESTMENT


Dryland Haylage


Enterprises: 7

12,967.77

592.02

.00

.00

1,834.32

166.25

7.59

.00

.00

23.52

.00692.52

.00205.1918.82

1,416.43.00

675.157.05

759.17.00

5.1199.79

1,719.63

.008.88.00

2.63.24

18.16.00

8.66.09

9.73.00.07

1.2822.05

1,218.57274.41

3,044.10

73.80

15.623.52

39.03

.95

9,948.086,903.985,258.155,184.35

127.5488.5167.4166.47

32.4622.5317.1616.92

3.9342.32

15,394.10 197.36 50.24

42.32

18.2771.785,598.87

4,610.88

5,446.0310,209.76 33.32

17.7769.82

59.11 15.05

124,113.44 1,591.20

4.2 %

(11.88 hours)

(171.96 hours)

90,628.572,716.56

30,768.31.00

1,161.9034.83

394.47.00

130.89


31









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Haylage

Acres Cropped:

Enterprises:

166.25

7.59

.00

.00

23.52

298.57

2.06

.00

.00

18.56

.008.88.00

2.63.24

18.16.00

8.66.09

9.73.00.07

1.2822.05

.00

.00

.001.46.00

24.87.00

14.03.32

7.02.00.23.00

24.53

15.623.52

39.03

.95

37.452.15

35.85

.76

127.5488.5167.4166.47

230.88195.03171.26170.50

8.1336.71

197.36 319.19

72.4771.78

59.11

69.82130.89

88.30

76.21

1,591.20 381.43

1,161.9034.83

394.47.00

.0035.10

346.33.00

148.69


42.323.93


78.00 76.50

7 2

32









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 17N 7P 5K 2S


TOTAL


INVESTMENT


Own Dryland Haylage


Enterprises: 4

8,572.26

883.42

.00

.00

1,814.98

106.16

10.94

.00

.00

22.48

.001,211.91

.00251.4332.94

1,227.18.00

519.47.00

901.36.00.00

174.641,649.02

.0015.01

.003.11.41

15.20.00

6.43.00

11.16.00.00

2.1620.42

.00365.83

3,161.06

100.15

.004.53

39.15

1.24

6,485.743,324.681,775.821,675.67

80.3241.1721.9920.75

36.8218.8710.08

9.51

2.1848.66

11,270.66 139.57 63.98

48.66

33.8873.915,967.95

3,627.04

4,784.929,594.99 54.47

27.1659.26

44.92 20.59

193,858.94 2,400.73

.9 %

(20.79 hours)

(164.90 hours)

158,600.002,924.04

32,334.90.00

1,964.0936.21

400.43.00

118.82


33









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates:


TOTAL


INVESTMENT


Rent Dryland Haylage


Enterprises: 3

18,828.45

203.48

.00

.00

1,860.09

253.30

2.74

.00

.00

25.02

.00

.00

.00143.55

.001,668.76

.00882.7316.46

569.59.00

11.92.00

1,813.78

.00

.00

.001.93.00

22.45.00

11.88.22

7.66.00.16.00

24.40

2,843.33152.51

2,888.16

38.67

38.252.05

38.85

.52

14,564.5211,676.369,901.269,862.59

195.94157.08133.20132.68

30.3424.3220.6220.54

6.4639.22

20,892.03 281.06 43.51

39.22

10.6468.705,106.77

5,922.67

6,327.5111,029.44 22.97

13.1885.12

79.68 12.34

31,119.44 418.65

31.8 %

(0.00 hours)

(181.38 hours)

.002,439.92

28,679.53.00

.0032.82

385.82.00

148.38


34









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Dryland Grain Silage


Enterprises: 9

24,147.16

58.47

.00

.00

571.48

254.78

.62

.00

.00

6.03

1,093.824,099.013,101.84

891.84.00

2,837.77.00

2,058.37783.74

1,344.12880.0435.58

434.401,704.88

11.5443.2532.73

9.41.00

29.94.00

21.728.27

14.189.29.38

4.5817.99

2,812.74687.61

2,835.45

351.61

29.687.25

29.92

3.71

3,364.62529.17

(824.10)(1,175.70)

35.505.58

(8.70)(12.40)

5.31.84

(1.30)(1.86)

6.6838.14

24,777.12 261.42 39.13

38.14

30.43203.2719,265.41

6,687.42

21,412.4925,952.82 40.99

33.82225.92

70.56 10.56

106,488.31 1,123.56

-.8 %

(24.13 hours)

(170.49 hours)

75,000.004,445.62

27,042.69.00

791.3246.91

285.33.00

273.83


35









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Grain Silage

Acres Cropped:

Enterprises:

254.78

.62

.00

.00

6.03

246.94

.00

.00

.00

2.50

11.5443.2532.739.41.00

29.94.00

21.728.27

14.189.29.38

4.5817.99

13.5435.9015.35

.27

.0042.42

.0011.58

3.2012.03

2.83.93.00

16.20

29.687.25

29.92

3.71

9.974.40

25.63

3.77

35.505.58

(8.70)(12.40)

93.2467.6155.1851.40

6.7936.36

261.42 249.43

154.26203.27

70.56

225.92273.83

156.19

43.77

1,123.56 1,084.14

791.3246.91

285.33.00

801.7533.98

248.40.00

198.03


38.146.68


94.78 114.33

9 3

36









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Own Dryland Grain Silage


Enterprises: 3

35,166.67

175.42

.00

.00

1,252.12

200.95

1.00

.00

.00

7.15

1,658.337,010.427,625.00

669.25.00

6,004.76.00

2,540.01516.60

1,788.76.00

95.29.00

2,820.71

9.4840.0643.57

3.82.00

34.31.00

14.512.95

10.22.00.54.00

16.12

.00861.18

5,096.74

992.80

.004.92

29.12

5.67

6,831.781,735.04

(92.87)(1,085.67)

39.049.91(.53)

(6.20)

7.231.84(.10)

(1.15)

5.4037.20

36,594.20 209.11 38.71

37.20

32.50175.6030,729.15

6,950.72

29,762.4237,679.87 39.86

31.48170.07

39.72 7.35

281,014.41 1,605.80

-.0 %

(0.00 hours)

(282.07 hours)

225,000.005,524.49

50,489.91.00

1,285.7131.57

288.51.00

215.31


37









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)




TOTAL


INVESTMENT


Rent Dryland Grain Silage


Enterprises: 6

18,637.41

.00

.00

.00

231.17

340.93

.00

.00

.00

4.23

811.562,643.30

840.261,003.14

.001,254.27

.001,817.55

917.301,121.811,320.06

5.73651.60

1,146.96

14.8548.3515.3718.35

.0022.94

.0033.2516.7820.5224.15

.1011.9220.98

4,219.12600.83

1,704.81

31.01

77.1810.9931.19

.57

1,631.04(73.77)

(1,189.71)(1,220.72)

29.84(1.35)

(21.76)(22.33)

3.42(.15)

(2.49)(2.56)

8.7339.07

18,868.57 345.16 39.55

39.07

28.37247.5613,533.54

6,555.76

17,237.5320,089.30 42.11

36.13315.32

119.92 13.74

19,225.26 351.68

-6.2 %

(36.20 hours)

(114.70 hours)

.003,906.18

15,319.08.00

.0071.45

280.23.00

367.49


38









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates:


TOTAL


INVESTMENT


Dryland Alfalfa Hay


Enterprises: 5

28,033.40

.00

.00

.00

.00

188.90

.00

.00

.00

.00

.00

.00

.00

.00

.00158.86

.0095.55

.991,025.56

.00

.0015.0860.72

.00

.00

.00

.00

.001.07.00.64.01

6.91.00.00.10.41

240.00947.45768.38

1,490.81

1.626.385.18

10.05

24,059.1023,290.7324,720.8123,230.00

162.12156.95166.58156.54

55.7653.9857.3053.84

2.9164.97

28,033.40 188.90 64.97

64.97

3.149.141,356.76

3,446.63

3,974.304,803.40 11.13

9.2126.78

23.23 7.99

218,041.10 1,469.28

11.3 %

(0.86 hours)

(6.07 hours)

210,600.00342.64

7,098.47.00

1,419.142.31

47.83.00

32.37


39









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Alfalfa Hay

Acres Cropped:

Enterprises:

188.90

.00

.00

.00

.00

221.00

.00

.00

.00

.00

.00

.00

.00

.00

.001.07.00.64.01

6.91.00.00.10.41

.00

.00

.00

.00

.00

.00

.00

.00

.005.92.00.00.00.05

1.626.385.18

10.05

.006.681.10

10.62

162.12156.95166.58156.54

197.79196.69207.26196.64

3.4065.00

188.90 221.00

5.979.14

23.23

26.7832.37

23.21

18.39

1,469.28 1,511.02

1,419.142.31

47.83.00

1,500.001.339.69.00

24.36


64.972.91


148.40 136.00

5 2

40









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 5N 1P 1K


TOTAL


INVESTMENT


Dryland Alfalfa/Grass Hay


Enterprises: 17

14,632.56

18.25

.00

.00

1,093.51

141.02

.18

.00

.00

10.54

.00205.44

.002.56.00

1,439.04.00

1,289.26217.13830.3936.4251.17

591.311,688.98

.001.98.00.02.00

13.87.00

12.422.098.00.35.49

5.7016.28

1,860.24562.67

2,428.73

212.85

17.935.42

23.41

2.05

8,445.846,017.114,540.974,328.12

81.3957.9943.7641.71

45.3932.3424.4023.26

1.7978.63

15,744.32 151.73 84.61

78.63

34.1361.216,351.72

5,064.48

7,298.4911,416.20 61.35

39.2270.34

48.81 27.22

77,772.38 749.51

5.8 %

(30.10 hours)

(174.60 hours)

50,758.825,133.38

21,880.17.00

489.1749.47

210.86.00

110.02


41









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTAL


INVESTMENT


Dryland Alfalfa/Grass Hay

Acres Cropped:

Enterprises:

141.02

.18

.00

.00

10.54

224.31

.00

.00

.00

30.49

.001.98.00.02.00

13.87.00

12.422.098.00.35.49

5.7016.28

.006.65.00.00.00

16.19.00

10.63.47

7.04.00.00

16.4211.51

17.935.42

23.41

2.05

8.957.52

18.07

.11

81.3957.9943.7641.71

180.81162.73151.33151.22

2.6983.44

151.73 254.80

68.9261.21

48.81

70.34110.02

73.99

34.66

749.51 999.70

489.1749.47

210.86.00

791.4354.13

154.14.00

103.58


78.631.79


103.76 87.50

17 6

42









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 4N 0P 0K


TOTAL


INVESTMENT


Own Dryland Alfalfa/Grass Hay


Enterprises: 7

18,806.10

.00

.00

.00

2,583.17

152.54

.00

.00

.00

20.95

.00151.85

.00

.00

.001,973.17

.001,273.35

240.58761.38

.0049.01

1,436.041,641.70

.001.23.00.00.00

16.00.00

10.331.956.18.00.40

11.6513.32

.00891.10

2,797.55

216.65

.007.23

22.69

1.76

14,396.1511,598.6010,173.549,956.90

116.7794.0882.5280.76

62.5650.4044.2143.27

1.8781.73

21,389.27 173.49 92.95

81.73

32.7161.057,527.07

3,905.30

6,993.1211,432.38 49.68

30.3956.72

31.68 16.97

154,969.49 1,256.99

6.6 %

(73.11 hours)

(171.87 hours)

123,271.436,346.35

25,351.71.00

999.8851.48

205.63.00

92.73


43









GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS




(A)

(B)

(C)


Rates: 6N 1P 1K


TOTAL


INVESTMENT


Rent Dryland Alfalfa/Grass Hay


Enterprises: 10

11,711.09

31.02

.00

.00

50.75

129.98

.34

.00

.00

.56

.00242.96

.004.35.00

1,065.15.00

1,300.41200.72878.7061.9252.68

.001,722.08

.002.70.00.05.00

11.82.00

14.432.239.75.69.58.00

19.11

3,162.40332.77

2,170.55

210.18

35.103.69

24.09

2.33

4,280.622,110.06

598.16387.98

47.5123.42

6.644.31

27.5713.59

3.852.50

1.7275.42

11,792.86 130.89 75.95

75.42

35.6161.365,528.97

5,875.91

7,512.2511,404.88 73.45

48.3883.38

65.22 37.84

23,734.41 263.42

2.5 %

(0.00 hours)

(176.52 hours)

.004,284.31

19,450.10.00

.0047.55

215.87.00

126.58


44

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

45

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