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Table 42: Costs and Returns Per Acre - Soybeans

In tegrated Crop Management, Northeastern United States, 1996

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ITEM UNIT PRICE QUANTITY TOTAL
         
Receipts        
Soybeans bushel $ 7.00 40 $ 280.00
       
Variable Costs        
Custom        
Apply Calcium Lime ton $ 27.65 0.5 $ 13.83
Soil Test acre $ 1.00 1 $ 1.00
Fertilizer        
P pound $ 0.32 45 $ 14.40
K pound $ 0.14 80 $ 11.20
Herbicides      
Canopy lb $ 38.47 0.31 $ 12.02
Lasso-Microtech gallon $ 26.84 0.5 $ 13.42
Seed        
Soybean Seed bushel $ 14.85 1.17 $ 17.37
Labor        
Operator (Tractors) hour $ 14.48 1.23 $ 17.81
Operator (Self-Propelled Eq.) hour $ 14.48 0.36 $ 5.21
Diesel Fuel        
Tractors gallon $ 0.969 6.55 $ 6.35
Self-Propelled Eq. gallon $ 0.969 1.48 $ 1.43
Repair & Maintenance      
Tractors acre $ 2.88 1 $ 2.88
Self-Propelled Eq. acre $ 5.47 1 $ 5.47
Implements acre $ 6.06 1 $ 6.06
Sub-Total       $ 128.45
Interest on Operating Capitala acre 10% 1 $ 3.73
Total Variable Costs acre   1 $ 132.18
Returns Above Variable Costs acre   1 $ 147.82
F ixed Costs        
Tractors acre $ 8.79 1 $ 8.79
Self Propelled Eq. acre $ 7.21 1 $ 7.21
Implements acre $ 14.26 1 $ 14.26
Land Charge acre $ 50.00 1 $ 50.00
Total Fixed Costs acre   1 $ 80.26
Sub-Total acre   1 $ 212.44
Management Feea acre 7% 1 $ 11.37
Total Costs acre   1 $ 223.81
Net Returns acre   1 $ 56.19

a See text for calculation assumptions.

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