Table 4: Costs and Returns for Alfalfa Hay (Established Stand), Per Acre
Conventional Production Practices, Northeastern United States, 1996
|
| ITEM |
UNIT |
PRICE |
QUANTITY |
TOTAL |
| |
|
|
|
|
| Receipts |
|
|
|
|
| Alfalfa |
ton |
$ 132.00 |
3.75 |
$ 495.00 |
|
|
|
|
|
| Varia ble Costs |
|
|
|
|
| Custom |
|
|
|
|
| Soil Test |
acre |
$ 1.00 |
1 |
$ 1.00 |
| Fertilizer |
|
|
|
|
| P |
pound |
$ 0.32 |
60 |
$ 19.20 |
| K |
pound |
$ 0.14 |
210 |
$ 29.40 |
| Herbicides |
|
|
|
|
| Butyrac 200 (2,4-DB) |
gallon |
$ 36.00 |
0.5 |
$ 18.00 |
| Insecticides |
|
|
|
|
| Cygon 400 |
gallon |
$ 34.66 |
0.07 |
$ 2.43 |
| Malathion 57E |
gallon |
$ 29.18 |
0.25 |
$ 7.30 |
| Labor |
|
|
|
|
| Operator |
hour |
$ 14.48 |
5.65 |
$ 81.81 |
| Seasonal Hired |
hour |
$ 7.24 |
0.75 |
$ 5.43 |
| Diesel Fuel |
|
|
|
|
| Tractors |
gallon |
$ 0.969 |
17.91 |
$ 17.35 |
| Repair & Maintenance |
|
|
|
|
| Tractors |
acre |
$ 8.96 |
1 |
$ 8.96 |
| Implements |
acre |
$ 25.65 |
1 |
$ 25.65 |
| Sub-Total |
|
|
&nbs p; |
$ 216.53 |
| Interest on Operating Capital a |
acre |
10% |
1 |
$ 6.28 |
| Total Variable Costs |
acre |
|
1 |
$ 222.81 |
| Returns Above Variable Costs |
acre |
|
1 |
$ 272.19 |
| Fixed Costs |
|
|
|
|
| Tractors |
acre |
$ 22.06 |
1 |
$ 22.06 |
| Implements |
acre |
$ 38.20 |
1 |
$ 38.20 |
| Land Charge |
acre |
$ 50.00 |
1 |
$ 50.00 |
| Preproduction Cost Allocation |
acre |
8% |
1 |
$ 47.64 |
| Total Fixed Costs |
acre |
&n bsp; |
1 |
$ 157.90 |
| Total Fixed & Variable Costs |
acre |
|
1 |
$ 380.71 |
| Management Fees a |
acre |
7% |
1 |
$ 23.15 |
| Total Costs |
acre |
|
1 |
$ 403.86 |
| Net Returns |
acre |
|
1 |
$ 91.14 |
|
a See text for calculation assumptions.
|