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Table 38: Costs and Returns Per Acre - Corn for Grain

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Integrated Crop Management, Northeastern United States, 1996

< /tr> Management Feeb
ITEM UNIT PRICE QUANTITY TOTAL
         
Receipts        
Corn (Grain) bushel $ 3.05 125 $ 381.25
         
Variable Costs &nb sp;      
Custom        
Apply Calcium Lime ton $ 27.65 0.5 $ 13.83
Soil Test acre $ 1.00 1 $ 1.00
Dryinga % moisture reduction $ 0.05 125 $ 37.50
Fertilizer        
N pound $ 0.32 130 $ 41.60
P pound $ 0.32 50 $ 16.00
K pound $ 0.14 35 $ 4.90
Herbicides        
Atrazine 4L gallon $ 12.00 0.3 $ 3.60
Banvel pint $ 10.04 0.2 $ 2.01
Dual 8E gallon $ 6 5.00 0.19 $ 12.35
Insecticides        
Counter 20 CR pound $ 2.60 6 $ 15.60
Seed & nbsp;    
Corn Seed thousand $ 1.05 25 $ 26.25
Labor        
Operator (Tractors) hour $ 14.48 1.55 $ 22.44
Operator (Self-Propelled Eq.) hour $ 14.48 0.25 $ 3.62
Diesel Fuel        
Tractors gallon $ 0.969 7.88 $ 7.64
Self-Propelled Eq. gallon $ 0.969 1.6 $ 1.55
Repair & Maintenance        
T ractors acre $ 3.41 1 $ 3.41
Self-Propelled Eq . acre $ 8.00 1 $ 8.00
Implements acre $ 7.52 1 $ 7.52
Sub-Total       $ 228.82
Interest on Operating Capitalb acre 10% 1 $ 6.64
Total Variable Cost acre   1 $ 235.46
Returns Above Variable Cost acre   1 $ 145.79
Fixed Cost        
Tractors acre $ 10.47 1 $ 10.47
Self Propelled Eq. acre $ 13.20 1 $ 13.20
Implements acre $ 17.11 1 $ 17.11
Land Charge acre $ 50.00 1 $ 50.00
Total Fixed Cost acre   1 $ 90.78
Sub-Total acre   1 $ 326.24
acre 7% 1 $ 19.34
Total Cost acre   1 $ 345.57
Net Returns acre   1 $ 35.68

aDrying Costs estimated as follows: $.05 x 6 (% points of moisture reduction) x 125 (bu).
bSee text for calculation assumptions.

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