Table 40: Costs and Returns for Alfalfa Hay (New Seeding), Per Acre
Integrated Crop Management, Northeastern United States, 1996 |
| PRE-PRODUCTION COSTS | ||||
| ITEM | UNIT | PRICE | QUANTITY | TOTAL |
| Apply Calcium Fertilizer | ton | $ 27.65 | 1.5 | $ 41.48 |
| Soil Test | acre | $ 1.00 | 1 | $ 1.00 |
| Alfalfa Seed | pound | $ 3.50 | 18 | $ 63.00 |
| Machine Costs | $ 33.31 | $ 33.31 | ||
| Operator Labor | hr | $ 14.48 | 1.19 | $ 17.23 |
| Grain Drill | $ 3.16 | $ 3.16 | ||
| Total Pre-Production Costsa | $ 159.18 |
| aThese costs are amortized over four production years. |
| PRODUCTION COSTS | ||||
| ITEM | UNIT | PRICE | QUANTITY | TOTAL |
| Receipts | ||||
| Alfalfa | ton | $ 132.00 | 2 | $ 264.00 |
| Variable Costs | ||||
| Fertilizer | ||||
| N | pound | $ 0.32 | 20 | $ 6.40 |
| P | pound | $ 0.32 | 120 | $ 38.40 |
| K | pound | $ 0.14 | 180 | $ 25.20 |
| Herbicides | ||||
| Butyrac 200 (2,4-DB) | gallon | $ 36.00 | 0.5 | $ 18.00 |
| Eptam 7E | gallon | $ 30.60 | 0.5 | $ 15.30 |
| Insecticides | &n bsp; | |||
| Cygon 400 | gallon | $ 34.66 | 0.06< /td> | $ 2.08 |
| Malathion 57E | gallon | $ 29.18 | 0.25 | $ 7.30 |
| Labor | ||||
| Operator | hour | $ 14.48 | 2.54 | $ 36.78 |
| Seasonal Hired | hour | $ 7.24 | 0.5 | $ 3.62 |
| Diesel Fuel | ||||
| Tractors | gallon | $ 0.969 | 12.83 | $ 12.43 |
| Repair & Maintenance | ||||
| Tractors | acre | $ 6.29 | 1 | $ 6.29 |
| Implements | acre | $ 16.25 | 1 | $ 16.25 |
| Sub-Total | &n bsp; | $ 188.05 | ||
| Interest on Operating Capitalb | acre | 10% | 1 | $ 5.45 |
| Total Variable Costs | acre | 1 | $ 193.50 | |
| Returns Above Variable Costs | acre | 1 | $ 70.50 | |
| Fixed Cost | ||||
| Tractors | acre | $ 15.73 | 1 | $ 15.73 |
| Implements | acre | $ 30.08 | 1 | $ 30.08 |
| Land Charge | acre | $ 50.00 | 1 | $ 50.00 |
| Pre-Production Cost Allocation | acre | 8% | 1 | $ 47.64 |
| Total Fixed Costs | acre | 1 | $ 143.45 | |
| Total Fixed and Variable Costs | acre | 1 | $ 336.95 | |
| Manageme nt Feeb | acre | 7% | 1 | $ 31.23 |
| Total Costs | acre | 1 | $ 368.18 | |
| Net Returns | acre | 1 | $ (104.18) |
| bSee text for calculation assumptions. |