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National Women in Ag Conference
Eddie Johnson
April 2008
Oklahoma
Best Manager’s Award– Year Price Yield Cost– 2000 $1.92 203 $1.08– 2001 $2.10 215 $1.26– 2002 $2.90 235 $1.80– 2003 $2.45 204 $1.27– 2004 $2.20 232 $1.29– 2005 $2.15 168 $1.46– 2006 $2.89 254 $1.41– 2007 $3.91 207 $1.78
1.922.10
2.90
2.452.20 2.15
2.89
3.91
1.461.70
2.62
1.941.73 1.67 1.71
2.26
1.081.26
1.80
1.27 1.291.5 1.41
1.78
0.46 0.400.28
0.51
1.07
0.48
1.181.39
0.000.501.001.502.002.503.003.504.004.50
PRICECost/AVEbest costprofit
197 200212
197 195 196
212219
185 181
81
155
192 188 185
169167 162
69
125
152144 148
75
0
50
100
150
200
250
2000
2001
2002
2003
2004
2005
2006
2007
IRRDRYCO AVE
YIELD
1.922.10
2.90
2.452.20 2.15
2.89
3.91
1.67
1.94 1.92 2.002.12 2.13
1.892.08
1.391.50
3.22
1.90
1.561.68 1.66
2.29
0.000.501.001.502.002.503.003.504.004.50
PRICECost IRRCost DRY
Per acre Dry Land Cost/
Bushelyield Cost/A Rank Cost A Rank/cost/bu
257 472 12 4 1.83
223 478 13 6 2.14
216 387 10T 2T 1.79
207 368 9 1 1.78
200 358 7 2T 1.79
184 362 8 5 1.97
166 387 10T 9 2.33
159 344 5 7 2.17
144 315 3 8 2.19
121 307 2 10 2.54
114 319 4 11 2.80
106 300 1 12 2.84
96.8 350 6 13 3.62
169AVE 365AVE 2.29AVE
Per acre Irrigated Cost/
Bushelyield Cost
219.2 466 3T/PL 90.0.150 2.13
219 445 3T/PL 100 N 2.03
219 ave 455 2.08
Tillage
costyield Cost seed fert chem
219.2 466 60 168 18 106 C
219 445 60 101 18 82 NT
2007 Per acre 2007 Cost/
Bushelyield Cost seed fert chem
207 368 48 97 30 1.78
216 386 56 102 28 1.79
200 358 53 94 22 1.79
257 471 57 158 33 1.83
184 361 52 74 33 1.97
223 478 51 178 50 2.14
159 344 51 81 34 2.17
144 315 55 60 29 2.19
166 387 54 104 46 2.33
121 307 44 51 41 2.54
114 319 33 92 18 2.80
106 300 40 70 21 2.84
96.8 350 44 95 37 3.62
169AVE 365AVE 49AVE 97AVE 33AVE 2.26AVE
2006 Per acre 2006 Cost/
Bushelyield Cost seed fert chem
254 357 40 80 26 1.41
208 314 43 53 32 1.51
230 352 47 84 27 1.53
211 326 47 67 38 1.54
211 333 47 67 38 1.58
190 312 45 83 17 1.64
178 298 50 67 18 1.68
199 363 37 61 17 1.82
217 395 53 67 11 1.83
151 280 19 63 14 1.85
203 396 49 84 58 1.95
214 417 49 118 58 1.95
219 442 57 60 31 2.02
206AVE 352AVE 45AVE 73AVE 30AVE 1.71AVE
Per acre 2007 Cost/
Bushelyield Cost Rank/yield Rank net
$NET
257 471* 1 1 533 1.83
223 478 2 5 393 2.14
216 387* 3 2 457 1.79
207 368* 4 3 441 1.78
200 358* 5 4 423 1.79
184 361 6 6 357 1.97
166 387 7 8 261 2.33
159 344 8 7 277 2.17
144 315 9 9 248 2.19
121 307 10 10 165 2.54
114 319 11 11 126 2.80
106 300 12 12 113 2.84
96.8 350 13 13 28 3.62
2006Per acre2006 Cost/
Bushelyield Cost Rank/yield Rank net
$NET
254 357 1 1 376 1.41
208 314 8 3 288 1.51
230 352 2 2 312 1.53
211 326 6 4 284 1.54
211 333 7 5 276 1.58
190 312 11 6 237 1.64
178 298 12 8 215 1.68
199 363 10 9 213 1.82
217 395 4 7 230 1.83
151 280 13 13 156 1.85
203 396 9 11T 190 1.95
214 417 5 10 201 1.95
219 442 3 11T 190 2.02
Per acre Cost/
Bushelyield cost net description
207 micro 368 441 Conv 3Tpl 80N 1.78
216 micro 387 457 Conv 4Tpl 70N 1.79
200 358 423 NT 3.3Tpl 80N 1.79
257 40P 471 533 Conv3Tpl 182N 1.83
184 sludge 361 357 NT 4Tpl 22N 1.97
223 25P120K 478 393 NT 3Tpl 120N 2.14
159 344 277 NT 3Tpl 60 N 2.17
144 315 248 NT 2.5Pl 30N 2.19
166 22P 387 261 NT 3Tpl 88N 2.33
121 307 165 NT 3Tpl 2.54
114 18P 8K 319 126 NT 132 N 2.80
106 300 113 NT 2Tpl 62N 2.84
96.8 350 28 NT 2Tpl 106N 3.62
Per acre Cost/
Bushelyield Cost seed fert chem
169AVE 07 365AVE 49AVE 97AVE 33AVE 2.26AVE
206AVE 06 352AVE 45AVE 73AVE 30AVE 1.71AVE
-37BU +13 +4 +24 +3 + .55
$2.5/1000 up up up
2.5x28k=70 N, P.K
2006 WICOMICO CORN IMPROVEMENT PROGRAM
DATE PLANTED: VARIETY:
ITEM UNIT QTY. PRICE TOTAL
YIELD PER ACRE BU $2.89 $0.00
VARIABLE COSTSSEED CORN 1K SEED $0.00 $0.00FERTILIZER & LIMENITROGEN LB > $0.35 $0.00PHOSPHATE LB > $0.39 $0.00POTASH LB > $0.22 $0.00BORON LB > $4.12 $0.00POULTRY MANURE TON > $8.00 $0.00LIME TON > 0.33 $47.00 $15.51
$15.51CROP CHEMICALS
QT > $10.50 $0.00LB > $3.80 $0.00QT > $11.25 $0.00PT > $5.05 $0.00OZ > $1.04 $0.00PT > 2.05 $0.00 $0.00
DRYING FUEL-PROPANEGAL $0.75 $0.00CROP INSURANCE ACRE > $7.00 $0.00IRRIGATION ENERGY INCH > $1.80 $0.00 $0.00
TILLAGE PRACTICES MOLDBOARD PLOW > $10.00 $0.00 CHISEL PLOW > $12.00 $0.00 DISC > $8.00 $0.00 FIELD CULTIVATER > $8.00 $0.00 PLANE > $6.00 $0.00 PLANTER > $10.00 $0.00 PLANTER(NO-TILL) > $14.00 $0.00 SPRAYER > $5.00 $0.00 PLOWDOWN FERT.APP. > $5.00 $0.00 HARVESTING > $25.00 $0.00 HAULING > $0.15 $0.00 OTHER(sidedressed) > $7.00 $0.00 $0.00INTEREST APR 1 10.0% $1.55 $1.55LAND RENT ACRE 1 $75.00 $75.00 $75.00IRRIGATION EQUIP. ACRE $70.00 $0.00 $0.00
TOTAL EXPENSES $92.06
RETURNS, LABOR AND MANAGEMENT ($92.06)
COST PER BUSHEL #DIV/0!
Budgets
• www.mdgrainmarketing.umd.edu
• Complete active excel spreadsheets
• Corn
• Soybeans
• Wheat
• Wheat/soybeans
