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Table 2: Costs and Returns for Corn for Silage, Per Acre

Conventional Production Practices, Northeastern United States, 1996

ITEM UNIT PRICE QUANTITY TOTAL
         
Receipts        
Corn (Silage) ton $ 23.75 20 $ 475.00
         
Variable Costs        
Custom        
Apply Calcium Lime ton $ 27.65 0.5 $ 13.83
Soil Test acre $ 1.00 1 $ 1.00
Fertilizer        
N pound $ 0.32 120 $ 38.40
P pound $ 0.32 100 $ 32.00
K pound $ 0.14 150 $ 21.00
Herbicides        
Atrazine 4L gallon $ 12.00 0.3 $ 3.60
Banvel pint $ 10.04 0.2 $ 2.01
Dual 8E gallon $ 65.00 0.19 $ 12.35
Insecticides        
Counter 20 CR pound $ 2.60 6.7 $ 17.42
Seed        
Corn Seed thousand $ 1.05 30 $ 31.50
Labor        
Operator hour $ 14.48 2.84 $ 41.12
Diesel F uel        
Tractors gallon $ 0.969 14.81 $ 14.35
Repair & Maintenance        
Tractors acre $ 6.40 1 $ 6.40
Implements acre $ 15.94 1 $ 15.94
Silo ton $ 0.37 20 $ 7.40
Sub-Total       $ 250.92
Interest on Operating Capital a acre 10% 1 $ 7.28
Total Variable Costs acre   1 $ 258.19
Returns Above Variable Costs acre   1 $ 216.81
Fixed Costs        
Tractors acre $ 20.33 1 $ 20.33
Implements acre $ 29.26 1 $ 29.26
Silo ton $ 4.93 20 $ 98.60
Land Charge acre $ 50.00 1 $ 50.00
Total Fixed Costs acre   1 $ 198.19
Total Fixed & Variable Costs acre   1 $ 456.38
Management Fees a acre 7% 1 $ 28.45
Total Costs acre   1 $ 484.83
Net Returns acre   1 $ (9.83)

a See text for calculation assumptions.

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