Download pdf - Economics and Competitiveness - Albertadepartment/deptdocs.nsf/... · 2019. 10. 25. · Economics and Competitiveness 2008 . Cost and Return Benchmarks for Crops and Forages . Black

Economics and Competitiveness

2008 Cost and Return Benchmarks

for Crops and Forages

Black Soil Zone

TABLE OF CONTENTS

2008 Black Soil Zone OVERVIEW .......................................................................................................1

CROPS Spring Wheat ..........................................................................................2 CPS Wheat .............................................................................................6 Malt Barley ..............................................................................................10 Feed Barley.............................................................................................13 Oats ........................................................................................................17 Liberty Link Canola .................................................................................18 Roundup Ready Canola..........................................................................22 Field Peas ...............................................................................................26

FORAGES Greenfeed ...............................................................................................30 Haylage...................................................................................................31 Grain Silage ............................................................................................35 Alfalfa Hay...............................................................................................39 Alfalfa/Grass Hay ....................................................................................41

DEFINITIONS AND ALLOCATIONS..................................................................45

OVERVIEW OVERVIEW 2008 Black Soil Zone

The AgriProfit$ Business Analysis and Research Program provides a provincial overview of costs and returns for field crops and forages. The Economics Branch collects cost of production information annually from Alberta producers to generate regional benchmarks. Producer participants are critical to providing a financial representation of Alberta’s cropping industry.

AgriProfit$ cropping benchmarks are analyzed by soil zone group, top third producers, and owned land versus rented land where available. Top third averages are calculated from fields that have the highest return to equity. Analyzing crops by owned versus rented also provides insight into differences in management. Benchmarks allow for comparison of individual crop costs and returns to other farms in a similar production area. Benchmarks should not replace individual cropping and financial records. There is a danger of over or underestimating costs and returns if basing them on regional benchmarks and forecasts. Strategic planning is more effective when individual costs are used. Managing unit costs of production is one of the most significant strategies to ensure profitability in a mature commodity market.

2008 AgriProfit$ Participants

overnment of Alberta

The top map shows the Black Soil Zone in Alberta; this is the grouping method used for this study. Please note that farms highlighted within these zones may contain characteristics of neighbouring soil zones. The map on the bottom shows the distribution of the 2008 participants. Questions or Comments: Karla Bergstrom Production Crops Economist, Economics Branch Alberta Agriculture and Rural Development Phone: (780) 422-3122 Fax: (780) 427-5220 Email: [email protected]

Website: www.agriculture.gov.ab.ca Alberta Ag-Info Centre 310-FARM

Acknowledgements: Dale Kaliel, Pauline Van Biert, Shukun Guan, Lorraine Kohlman, Nabi Chaudhary, Guangzhi Liu, Richard Stadlwieser, Interviewers and Participants

GAgriculture and Rural Development

1

1. Crop Sales - Imputed Value of Production2. Crop Insurance Receipts3. Miscellaneous Receipts4. Government Program

1. Seed & Seed Cleaning2. Fertilizer3. Chemicals4. Hail / Crop Insurance & Program Premiums5. Trucking & Marketing6. Fuel7. Irrigation Fuel & Electricity8. Repairs - Machine9. Repairs - Buildings

10. Utilities & Miscellaneous Expenses11. Custom Work & Specialized Labour12. Operating Interest Paid13. Paid Labour & Benefits14. Unpaid Labour

1. Cash/Share Rent & Land Lease2. Taxes, Water Rates, Lic. & Insurance3. Equipment & Building a) Depreciation

4. Paid Capital Interest

GROSS RETURN

VARIABLE COSTS

TOTAL CAPITAL COSTS(D) CASH COSTS (B+C-B14-C3)(E) TOTAL PRODUCTION COSTS (B+C)(F) GROSS MARGIN (A-D)

RETURN TO UNPAID LABOUR(A-E+B14)RETURN TO INVESTMENT (A-E+C4)RETURN TO EQUITY (A-E)

MANAGEMENTYield Per Acre (Bushel)Expected Market Price Per Bushel

(A)

(B)

(C)

Total $ $/Acre $/Bushel

Rates: 70N 25P 18K 6S

5. Additional Revenue from Straw / Aftermath Grazing

TOTALIrr. MachineryMachineryBuildingsLand

INVESTMENT

2008 Crops Enterprise Analysis

Dryland Spring Wheat

Acres Cropped: 191.38

Enterprises: 32

78,183.14204.99

.00

.00786.25

408.531.07.00.00

4.11

4,149.8712,876.816,426.712,694.25

622.373,550.31

.002,179.091,137.571,942.59

240.821,021.313,873.211,617.71

21.6867.2933.5814.08

3.2518.55

.0011.39

5.9410.15

1.265.34

20.248.45

6,702.761,113.556,101.96

1,995.72

35.025.82

31.88

10.43

27,956.7621,854.8022,232.8120,237.09

146.08114.20116.17105.75

2.231.741.771.61

65.576.23

79,174.38 413.71 6.31

6.23

3.37221.2042,332.63

16,604.6651,217.6258,937.29 4.70

4.08267.6386.77 1.32

315,465.24 1,648.41

7.0 %

(180.39 hours)(164.56 hours)

235,235.9424,949.4655,279.84

.00

1,229.19130.37288.86

.00

307.97

3.61690.67 b) Lease Payments

2






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre


TOTALIrr. Mach.MachineryBuildingsLand

INVESTMENT

2008 Crops Enterprise AnalysisDryland Spring Wheat

Acres Cropped: Enterprises:

408.531.07.00.00

4.11

452.82.00.00.00

5.73

21.6867.2933.5814.083.25

18.55.00

11.395.94

10.151.265.34

20.248.45

21.3962.8428.0214.15

2.8017.36

.0010.22

6.547.961.683.05

12.477.25

35.025.82

31.88

10.43

6.207.54

26.54

18.86

146.08114.20116.17105.75

234.65208.12219.72200.86

69.986.47

413.71 458.55

195.70221.20

86.77267.63307.97

223.9061.98

1,648.41 2,033.44

1,229.19130.37288.86

.00

1,691.8586.03

255.56.00

257.68


6.2365.57

Group AVG Top 1/3 AVG

191.38 195.7332 11

3






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Own Dryland Spring Wheat


Enterprises: 15

90,546.35153.33

.00

.00822.80

426.97.72.00.00

3.88

4,860.2514,774.757,445.362,758.51

985.273,954.81

.002,426.371,225.902,539.81

231.701,191.175,240.051,644.03

22.9269.6735.1113.01

4.6518.65

.0011.44

5.7811.98

1.095.62

24.717.75

.001,792.817,366.69

3,794.02

.008.45

34.74

17.89

37,301.7629,935.0732,085.0528,291.03

175.90141.16151.30133.41

2.562.052.201.94

68.796.21

91,522.48 431.57 6.27

6.21

3.38232.3749,277.98

13,953.4654,220.7263,231.44 4.33

3.72255.6865.80 .96

600,216.95 2,830.32

5.3 %

(244.60 hours)(164.40 hours)

501,836.6732,714.8965,665.39

.00

2,366.41154.27309.65

.00

298.17


4






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Rent Dryland Spring Wheat


Enterprises: 17

67,274.43250.57

.00

.00754.00

388.611.45.00.00

4.36

3,523.0611,202.165,527.912,637.56

302.173,193.39

.001,960.901,059.631,415.63

248.87871.43

2,667.181,594.48

20.3564.7131.9315.24

1.7518.45

.0011.33

6.128.181.445.03

15.419.21

12,616.96514.21

4,986.02

408.98

72.882.97

28.80

2.36

19,711.1814,725.1513,539.6613,130.67

113.8685.0678.2175.85

1.831.371.261.22

62.086.26

68,279.00 394.41 6.35

6.26

3.37209.1336,204.38

18,943.9548,567.8255,148.33 5.13

4.52280.55109.43 1.76

64,213.73 370.93

21.1 %

(123.73 hours)(164.70 hours)

.0018,097.6146,116.12

.00

.00104.54266.39

.00

318.56


5






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Dryland CPS Wheat


Enterprises: 10

79,960.08538.55

.00

.002,712.00

418.862.82.00.00

14.21

4,593.3513,734.175,730.352,121.01

233.653,277.01

.001,896.67

612.211,856.28

521.00517.60

2,416.362,112.09

24.0671.9430.0211.11

1.2217.17

.009.943.219.722.732.71

12.6611.06

4,169.90815.26

5,824.65

3,075.07

21.844.27

30.51

16.11

36,856.6331,031.9831,994.9628,919.89

193.07162.56167.60151.49

2.572.162.232.02

75.145.57

83,210.63 435.89 5.80

5.57

2.76207.5539,621.75

14,668.9946,354.0054,290.74 3.78

3.23242.8276.84 1.02

252,381.31 1,322.06

12.7 %

(130.38 hours)(214.62 hours)

177,537.5022,205.7752,638.04

.00

930.00116.32275.74

.00

284.39


6






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland CPS Wheat Acres Cropped:

Enterprises:

418.862.82.00.00

14.21

494.60.00.00.00

17.53

24.0671.9430.0211.111.22

17.17.00

9.943.219.722.732.71

12.6611.06

25.8659.3525.61

8.852.59

15.62.00

8.123.089.021.611.648.55

11.50

21.844.27

30.51

16.11

5.825.68

27.45

25.94

193.07162.56167.60151.49

298.28270.83285.27259.33

82.565.99

435.89 512.13

181.41207.55

76.84242.82284.39

213.8571.39

1,322.06 1,700.76

930.00116.32275.74

.00

1,335.27121.68243.82

.00

252.80


5.5775.14


190.90 294.6710 3

7






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Own Dryland CPS Wheat


Enterprises: 3

154,087.12.00.00.00

2,500.00

509.66.00.00.00

8.27

8,350.1718,485.009,214.362,736.68

761.894,808.96

.002,117.391,464.243,166.59

230.001,222.616,073.562,791.38

27.6261.1430.48

9.052.52

15.91.00

7.004.84

10.47.76

4.0420.09

9.23

.002,094.939,589.05

8,770.99

.006.93

31.72

29.01

84,476.0774,887.0280,866.6472,095.65

279.41247.70267.48238.46

3.252.883.112.77

86.095.92

156,587.12 517.93 6.02

5.92

2.36203.1661,422.82

23,068.6572,111.0584,491.47 3.25

2.77238.5276.30 .89

726,671.64 2,403.54

11.1 %

(329.40 hours)(279.14 hours)

591,791.6753,503.4881,376.49

.00

1,957.41176.97269.16

.00

279.46

8.652,613.68 b) Lease Payments

8






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Rent Dryland CPS Wheat


Enterprises: 7

48,191.35769.36

.00

.002,802.86

336.675.37.00.00

19.58

2,983.2911,698.104,237.201,857.15

7.262,620.46

.001,802.08

247.051,294.72

645.71215.46848.99

1,820.97

20.8481.7229.6012.97

.0518.31

.0012.59

1.739.044.511.515.93

12.72

5,957.00266.83

4,211.34

633.97

41.621.86

29.42

4.43

16,448.3012,236.9611,049.9610,416.00

114.9185.4977.2072.77

1.761.311.181.12

65.235.16

51,763.56 361.62 5.54

5.16

3.24211.5330,278.43

11,069.1435,315.2641,347.57 4.43

3.78246.7177.33 1.19

49,114.03 343.11

22.5 %

(45.09 hours)(186.97 hours)

.008,792.46

40,321.57.00

.0061.42

281.69.00

288.86

.00.00 b) Lease Payments

9






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Dryland Malt Barley


Enterprises: 11

29,102.031,549.09

.00

.00652.41

295.0415.71

.00

.006.61

1,965.717,255.913,056.251,105.771,374.951,831.25

.001,825.76

63.791,902.101,570.41

433.45722.46

1,133.65

19.9373.5630.9911.2113.9418.57

.0018.51

.6519.2815.92

4.397.32

11.49

1,296.861,074.124,019.81

1,053.85

13.1510.8940.75

10.68

4,770.88751.07671.28

(382.58)

48.377.616.81

(3.88)

.62

.10

.09(.05)

78.423.76

31,303.53 317.36 4.05

3.76

3.13245.7724,241.46

7,444.6526,532.6531,686.11 4.10

3.43268.9975.48 .96

204,182.29 2,070.05

.3 %

(57.40 hours)(115.04 hours)

157,236.367,815.20

39,130.73.00

1,594.1079.23

396.72.00

321.24


10






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Malt Barley Acres Cropped:

Enterprises:

295.0415.71

.00

.006.61

378.23.00.00.00.00

19.9373.5630.9911.2113.9418.57

.0018.51

.6519.2815.924.397.32

11.49

19.9073.4227.01

9.0125.0322.94

.0026.03

.5418.33

1.462.627.49

15.26

13.1510.8940.75

10.68

10.259.29

45.31

1.69

48.377.616.81

(3.88)

123.2177.9064.3362.64

79.154.78

317.36 378.23

249.04245.77

75.48268.99321.24

255.0266.55

2,070.05 1,939.22

1,594.1079.23

396.72.00

1,404.1195.77

439.33.00

315.59


3.7678.42


98.64 97.2511 4

11






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Own Dryland Malt Barley


Enterprises: 9

26,103.961,893.33

.00

.00797.39

282.0420.46

.00

.008.62

2,049.087,276.942,797.701,244.551,583.431,607.56

.001,644.45

31.681,865.461,919.39

453.58528.20

1,141.92

22.1478.6230.2313.4517.1117.37

.0017.77

.3420.1520.74

4.905.71

12.34

.001,130.553,263.54

1,159.84

.0012.2135.26

12.53

3,502.28238.74256.66

(903.18)

37.842.582.77

(9.76)

.50

.03

.04(.13)

76.043.71

28,794.69 311.11 4.09

3.71

3.43260.8624,143.94

5,553.9325,292.4129,697.87 4.22

3.59273.2760.01 .79

231,357.51 2,499.66

.1 %

(48.02 hours)(116.23 hours)

192,177.787,434.06

31,745.67.00

2,076.3580.32

342.99.00

320.87


12






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Dryland Feed Barley


Enterprises: 26

46,774.325,218.31

.00

.001,233.72

271.9430.34

.00

.007.17

2,331.489,070.634,533.691,263.11

156.342,953.05

.001,916.83

860.191,281.52

183.35283.65

1,143.051,481.88

13.5652.7426.36

7.34.91

17.17.00

11.145.007.451.071.656.658.62

3,299.001,023.445,971.83

1,929.36

19.185.95

34.72

11.22

20,900.3014,928.4715,375.9513,446.59

121.5186.7989.4078.18

1.541.101.13.99

78.923.45

53,226.35 309.46 3.92

3.45

2.02159.6427,458.76

12,320.9932,326.0439,779.76 2.93

2.38187.9471.63 .91

238,585.14 1,387.12

6.4 %

(71.79 hours)(150.61 hours)

168,106.7311,388.2859,090.13

.00

977.3666.21

343.55.00

231.28


13






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Feed Barley Acres Cropped:

Enterprises:

271.9430.34

.00

.007.17

397.3776.63

.00

.006.23

13.5652.7426.367.34.91

17.17.00

11.145.007.451.071.656.658.62

16.7164.9226.3815.42

1.9916.63

.0010.11

9.517.412.771.668.397.48

19.185.95

34.72

11.22

21.477.40

21.46

22.80

121.5186.7989.4078.18

244.84223.37238.69215.89

95.414.16

309.46 480.23

189.40159.64

71.63187.94231.28

235.4074.94

1,387.12 1,527.84

977.3666.21

343.55.00

1,250.6565.01

212.18.00

264.34


3.4578.92


172.00 140.5626 9

14






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Own Dryland Feed Barley


Enterprises: 16

48,546.78.00.00.00

1,418.98

268.68.00.00.00

7.85

2,290.908,651.784,735.42

971.48156.76

3,026.19.00

1,895.48806.29

1,382.71140.44268.62

1,103.421,577.80

12.6847.8826.21

5.38.87

16.75.00

10.494.467.65.78

1.496.118.73

.001,322.237,023.20

2,817.98

.007.32

38.87

15.60

20,270.8313,247.6214,487.8011,669.82

112.1973.3280.1864.59

1.43.94

1.02.82

78.323.43

49,965.76 276.53 3.53

3.43

1.91149.4727,007.27

11,288.6629,694.9438,295.94 2.71

2.10164.3462.48 .80

355,590.38 1,967.99

4.1 %

(74.38 hours)(159.75 hours)

273,173.4413,254.2269,162.73

.00

1,511.8673.35

382.78.00

211.95


15






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Rent Dryland Feed Barley


Enterprises: 10

43,938.3913,567.60

.00

.00937.30

277.9285.82

.00

.005.93

2,396.429,740.784,210.931,729.72

155.682,836.02

.001,950.98

946.441,119.61

252.00307.70

1,206.451,328.41

15.1661.6126.6310.94

.9817.94

.0012.34

5.997.081.591.957.638.40

8,577.40545.38

4,289.64

507.56

54.253.45

27.13

3.21

21,907.4717,617.8316,796.9816,289.42

138.57111.43106.24103.03

1.731.391.331.29

80.023.47

58,443.29 369.66 4.62

3.47

2.23178.2528,181.15

13,972.7236,535.8242,153.86 3.33

2.89231.0988.38 1.10

51,376.75 324.96

32.7 %

(67.65 hours)(135.99 hours)

.008,402.77

42,973.98.00

.0053.15

271.82.00

266.63


16






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates: 53N 21P 13K



INVESTMENT


Dryland Oats


Enterprises: 3

18,479.42.00.00.00

1,321.75

99.00.00.00.00

7.08

1,575.007,018.602,079.90

485.5094.62

3,264.62.00

2,140.82269.56

3,841.04706.50629.32

3,429.492,822.71

8.4437.6011.14

2.60.51

17.49.00

11.471.44

20.583.783.37

18.3715.12

.001,199.358,819.83

427.37

.006.43

47.25

2.29

(7,525.24)(16,345.07)(18,740.42)(19,167.78)

(40.31)(87.56)

(100.40)(102.68)

(.77)(1.67)(1.92)(1.96)

52.411.89

19,801.16 106.08 2.02

1.89

2.90151.9228,357.67

10,611.2727,326.4038,968.95 3.98

2.79146.3956.85 1.08

335,250.27 1,795.98

-5.6 %

(165.81 hours)(288.40 hours)

226,066.6732,203.0576,980.56

.00

1,211.07172.52412.40

.00

208.76


17






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Dryland Liberty Link Canola


Enterprises: 16

106,673.644,935.08

.00

.0025.56

593.6627.46

.00

.00

.14

5,714.1217,037.597,930.365,424.60

956.982,844.45

.001,872.34

913.192,136.432,053.29

522.641,688.841,498.45

31.8094.8244.1330.19

5.3315.83

.0010.42

5.0811.8911.43

2.919.408.34

4,139.611,077.794,577.94

3,492.51

23.046.00

25.48

19.44

53,310.2248,732.2850,726.3347,233.83

296.68271.21282.30262.87

5.585.105.314.94

53.2011.16

111,634.28 621.27 11.68

11.16

5.29281.5650,593.28

13,807.1858,324.0764,400.46 6.74

6.10324.5976.84 1.44

298,331.66 1,660.28

17.0 %

(106.99 hours)(152.64 hours)

240,285.9414,397.1243,648.60

.00

1,337.2480.12

242.91.00

358.40


18






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Liberty Link Canola Acres Cropped:

Enterprises:

593.6627.46

.00

.00

.14

767.2851.27

.00

.00

.00

31.8094.8244.1330.195.33

15.83.00

10.425.08

11.8911.432.919.408.34

34.7988.5551.8043.36

4.5317.71

.0012.3710.29

9.941.892.308.466.70

23.046.00

25.48

19.44

51.664.52

22.23

11.03

296.68271.21282.30262.87

465.35443.12447.44436.41

60.9412.59

621.27 818.55

292.70281.56

76.84324.59358.40

353.2189.44

1,660.28 1,215.89

1,337.2480.12

242.91.00

950.1034.98

230.80.00

382.14


11.1653.20


179.69 196.4016 5

19






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Own Dryland Liberty Link Canola


Enterprises: 11

96,161.351,738.52

.00

.0037.18

558.4910.10

.00

.00

.22

5,283.1216,446.947,101.974,357.801,057.992,552.27

.001,628.05

575.132,167.362,719.33

597.241,588.821,597.37

30.6895.5241.2525.31

6.1414.82

.009.463.34

12.5915.79

3.479.239.28

.001,338.484,465.97

4,705.81

.007.77

25.94

27.33

45,061.3540,595.3843,703.8338,998.02

261.71235.77253.82226.49

5.044.544.884.36

51.9610.75

97,937.04 568.80 10.95

10.75

5.33276.8847,673.38

11,265.6552,875.6958,939.03 6.59

5.91307.0965.43 1.26

407,784.26 2,368.34

10.7 %

(109.32 hours)(163.79 hours)

349,506.8217,240.2241,037.22

.00

2,029.87100.13238.34

.00

342.31


20






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Rent Dryland Liberty Link Canola


Enterprises: 5

129,800.7011,967.51

.00

.00

.00

661.5761.00

.00

.00

.00

6,662.3118,337.029,752.807,771.57

734.773,487.27

.002,409.771,656.912,068.39

588.00358.51

1,908.901,280.84

33.9693.4649.7139.61

3.7517.77

.0012.28

8.4510.54

3.001.839.736.53

13,246.76504.28

4,824.26

823.23

67.522.57

24.59

4.20

71,457.7166,633.4566,175.8465,352.60

364.21339.62337.29333.09

6.556.116.075.99

55.5711.90

141,768.21 722.57 13.00

11.90

5.23290.6157,017.07

19,398.5470,310.5076,415.61 7.01

6.45358.3698.87 1.78

57,535.94 293.25

115.0 %

(101.86 hours)(128.08 hours)

.008,142.31

49,393.64.00

.0041.50

251.75.00

389.48


21






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Dryland Roundup Ready Canola


Enterprises: 46

85,917.97559.43

.00

.00

.00

500.033.26.00.00.00

5,538.6813,731.945,652.843,992.51

929.083,247.82

.002,409.66

468.162,337.50

648.87689.37

2,756.421,612.72

32.2379.9232.9023.24

5.4118.90

.0014.02

2.7213.60

3.784.01

16.049.39

6,128.19876.91

6,413.48

1,282.54

35.675.10

37.33

7.46

35,477.8429,064.3628,734.1927,451.65

206.48169.15167.23159.76

4.523.703.663.50

45.6910.94

86,477.40 503.28 11.02

10.94

5.61256.1644,015.56

15,010.1950,999.5659,025.76 7.52

6.50296.8187.36 1.91

214,691.75 1,249.47

13.4 %

(135.66 hours)(162.57 hours)

136,476.0918,664.4359,551.23

.00

794.27108.62346.58

.00

343.52


22






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Roundup Ready Canola Acres Cropped:

Enterprises:

500.033.26.00.00.00

666.426.64.00.00.00

32.2379.9232.9023.245.41

18.90.00

14.022.72

13.603.784.01

16.049.39

32.4094.4137.9732.9310.3520.30

.0015.59

4.1618.43

5.146.72

30.238.77

35.675.10

37.33

7.46

34.486.39

41.59

8.74

206.48169.15167.23159.76

310.30268.71268.68259.94

56.0111.90

503.28 673.06

317.40256.16

87.36296.81343.52

362.7695.72

1,249.47 1,893.57

794.27108.62346.58

.00

1,350.04177.80365.74

.00

413.12


10.9445.69


171.83 185.6046 15

23






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Own Dryland Roundup Ready Canola


Enterprises: 15

98,861.971,715.60

.00

.00

.00

494.158.58.00.00.00

6,057.5614,414.257,109.154,376.151,349.173,707.58

.002,491.48

856.092,623.57

554.561,112.744,417.992,101.89

30.2872.0535.5321.87

6.7418.53

.0012.45

4.2813.11

2.775.56

22.0810.51

.001,363.328,019.64

2,610.42

.006.81

40.08

13.05

46,793.4138,773.7639,282.2936,671.88

233.89193.80196.35183.30

5.464.524.584.28

42.8611.53

100,577.57 502.72 11.73

11.53

5.97255.7851,172.17

12,733.5353,784.1763,905.70 7.45

6.27268.8363.65 1.49

522,021.33 2,609.24

7.5 %

(202.81 hours)(211.89 hours)

418,526.6733,054.9070,439.76

.00

2,091.94165.22352.08

.00

319.42


24






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Rent Dryland Roundup Ready Canola


Enterprises: 31

79,654.74.00.00.00.00

503.63.00.00.00.00

5,287.6113,401.794,948.173,806.88

725.803,025.35

.002,370.07

280.462,199.08

694.50484.51

1,952.441,376.02

33.4384.7331.2924.07

4.5919.13

.0014.99

1.7713.90

4.393.06

12.348.70

9,093.45641.56

5,636.30

640.02

57.494.06

35.64

4.05

30,002.5724,366.2723,630.2722,990.25

189.70154.06149.41145.36

4.003.253.153.07

47.4210.62

79,654.74 503.63 10.62

10.62

5.41256.4040,552.69

16,111.8149,652.1756,664.49 7.56

6.62313.93101.87 2.15

65,983.88 417.19

35.8 %

(103.16 hours)(138.70 hours)

.0011,701.3054,282.58

.00

.0073.98

343.21.00

358.27


25






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates: 11P



INVESTMENT


Dryland Peas


Enterprises: 9

28,164.06.00.00.00

241.10

262.67.00.00.00

2.25

3,436.78847.22

4,060.77713.67170.66

2,503.00.00

1,863.53198.29

1,495.55266.83295.72938.74

1,042.14

32.057.90

37.876.661.59

23.34.00

17.381.85

13.952.492.768.769.72

1,333.29867.95

5,559.09

1,364.08

12.438.09

51.85

12.72

8,049.082,489.992,811.931,447.85

75.0723.2226.2313.50

1.95.60.68.35

38.536.82

28,405.16 264.92 6.88

6.82

4.32166.3217,832.89

9,124.4220,356.0826,957.31 6.53

4.93189.8585.10 2.21

156,129.82 1,456.13

1.8 %

(61.91 hours)(104.75 hours)

94,166.678,890.22

53,072.94.00

878.2482.91

494.98.00

251.42


26






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Peas Acres Cropped:

Enterprises:

262.67.00.00.00

2.25

277.61.00.00.00

5.17

32.057.90

37.876.661.59

23.34.00

17.381.85

13.952.492.768.769.72

28.232.70

37.1015.29

1.7223.40

.0012.47

1.127.335.723.713.60

12.35

12.438.09

51.85

12.72

12.383.88

24.28

13.09

75.0723.2226.2313.50

111.0486.7687.5074.41

45.366.12

264.92 282.77

154.73166.32

85.10189.85251.42

171.7353.63

1,456.13 1,001.93

878.2482.91

494.98.00

714.2962.82

224.82.00

208.36


6.8238.53


107.22 140.009 3

27






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates: 12P



INVESTMENT


Own Dryland Peas


Enterprises: 6

25,123.08.00.00.00

361.65

226.67.00.00.00

3.26

2,879.17913.52

4,349.26720.5090.92

2,470.31.00

1,746.18211.60

1,412.02400.25310.44774.29

1,132.34

25.988.24

39.246.50.82

22.29.00

15.761.91

12.743.612.806.99

10.22

.00969.86

5,333.69

1,813.59

.008.75

48.12

16.36

6,422.841,089.151,770.39

(43.20)

57.959.83

15.97(.39)

1.63.28.45

(.01)

35.526.38

25,484.74 229.94 6.47

6.38

4.42157.0917,410.80

8,117.1419,061.9025,527.94 6.48

4.84171.9973.24 2.06

201,063.14 1,814.10

.9 %

(53.01 hours)(114.04 hours)

141,250.009,458.28

50,354.86.00

1,274.4485.34

454.33.00

230.33


28






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates: 10P



INVESTMENT


Rent Dryland Peas


Enterprises: 3

34,246.00.00.00.00.00

342.46.00.00.00.00

4,552.00714.60

3,483.80700.00330.14

2,568.38.00

2,098.22171.67

1,662.60.00

266.291,267.65

861.73

45.527.15

34.847.003.30

25.68.00

20.981.72

16.63.00

2.6612.68

8.62

3,999.87664.14

6,009.89

465.08

40.006.64

60.10

4.65

11,301.575,291.684,895.024,429.94

113.0252.9248.9544.30

2.501.171.08.98

45.207.58

34,246.00 342.46 7.58

7.58

4.13186.7718,677.08

11,138.9722,944.4329,816.06 6.60

5.08229.44111.39 2.46

66,263.18 662.63

7.4 %

(79.71 hours)(86.17 hours)

.007,754.09

58,509.10.00

.0077.54

585.09.00

298.16


29






GROSS RETURN

VARIABLE COSTS



MANAGEMENTYield Per Acre (Tonne)Expected Market Price Per Tonne

(A)

(B)

(C)

Total $ $/Acre $/Tonne

Rates: 40N 20P 3S



INVESTMENT


Dryland Greenfeed


Enterprises: 3

10,122.19.00.00.00

45.44

151.83.00.00.00.68

660.802,536.67

833.33787.47

.001,643.15

.001,045.74

146.48616.19866.6781.80

.001,988.60

9.9138.0512.5011.81

.0024.65

.0015.69

2.209.24

13.001.23.00

29.83

.00551.48

2,139.51

72.01

.008.27

32.09

1.08

325.83(1,813.68)(3,730.26)(3,802.28)

4.89(27.21)(55.95)(57.03)

2.48(13.79)(28.35)(28.90)

1.9776.94

10,167.62 152.51 77.28

76.94

85.18168.1011,206.90

2,763.009,841.79

13,969.90 106.1874.80147.63

41.45 21.00

102,788.89 1,541.83

-3.6 %

(0.00 hours)(242.51 hours)

77,066.678,276.36

17,445.86.00

1,156.00124.15261.69

.00

209.55


30






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates: 10N 4P 2K 1S



INVESTMENT


Dryland Haylage


Enterprises: 7

12,967.77592.02

.00

.001,834.32

166.257.59.00.00

23.52

.00692.52

.00205.1918.82

1,416.43.00

675.157.05

759.17.00

5.1199.79

1,719.63

.008.88.00

2.63.24

18.16.00

8.66.09

9.73.00.07

1.2822.05

1,218.57274.41

3,044.10

73.80

15.623.52

39.03

.95

9,948.086,903.985,258.155,184.35

127.5488.5167.4166.47

32.4622.5317.1616.92

3.9342.32

15,394.10 197.36 50.24

42.32

18.2771.785,598.87

4,610.885,446.03

10,209.76 33.3217.7769.82

59.11 15.05

124,113.44 1,591.20

4.2 %

(11.88 hours)(171.96 hours)

90,628.572,716.56

30,768.31.00

1,161.9034.83

394.47.00

130.89


31






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Haylage Acres Cropped:

Enterprises:

166.257.59.00.00

23.52

298.572.06.00.00

18.56

.008.88.00

2.63.24

18.16.00

8.66.09

9.73.00.07

1.2822.05

.00

.00

.001.46.00

24.87.00

14.03.32

7.02.00.23.00

24.53

15.623.52

39.03

.95

37.452.15

35.85

.76

127.5488.5167.4166.47

230.88195.03171.26170.50

8.1336.71

197.36 319.19

72.4771.78

59.1169.82

130.8988.3076.21

1,591.20 381.43

1,161.9034.83

394.47.00

.0035.10

346.33.00

148.69


42.323.93


78.00 76.507 2

32






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates: 17N 7P 5K 2S



INVESTMENT


Own Dryland Haylage


Enterprises: 4

8,572.26883.42

.00

.001,814.98

106.1610.94

.00

.0022.48

.001,211.91

.00251.4332.94

1,227.18.00

519.47.00

901.36.00.00

174.641,649.02

.0015.01

.003.11.41

15.20.00

6.43.00

11.16.00.00

2.1620.42

.00365.83

3,161.06

100.15

.004.53

39.15

1.24

6,485.743,324.681,775.821,675.67

80.3241.1721.9920.75

36.8218.8710.08

9.51

2.1848.66

11,270.66 139.57 63.98

48.66

33.8873.915,967.95

3,627.044,784.929,594.99 54.47

27.1659.2644.92 20.59

193,858.94 2,400.73

.9 %

(20.79 hours)(164.90 hours)

158,600.002,924.04

32,334.90.00

1,964.0936.21

400.43.00

118.82


33






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates:



INVESTMENT


Rent Dryland Haylage


Enterprises: 3

18,828.45203.48

.00

.001,860.09

253.302.74.00.00

25.02

.00

.00

.00143.55

.001,668.76

.00882.7316.46

569.59.00

11.92.00

1,813.78

.00

.00

.001.93.00

22.45.00

11.88.22

7.66.00.16.00

24.40

2,843.33152.51

2,888.16

38.67

38.252.05

38.85

.52

14,564.5211,676.369,901.269,862.59

195.94157.08133.20132.68

30.3424.3220.6220.54

6.4639.22

20,892.03 281.06 43.51

39.22

10.6468.705,106.77

5,922.676,327.51

11,029.44 22.9713.1885.12

79.68 12.34

31,119.44 418.65

31.8 %

(0.00 hours)(181.38 hours)

.002,439.92

28,679.53.00

.0032.82

385.82.00

148.38


34






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Dryland Grain Silage


Enterprises: 9

24,147.1658.47

.00

.00571.48

254.78.62.00.00

6.03

1,093.824,099.013,101.84

891.84.00

2,837.77.00

2,058.37783.74

1,344.12880.0435.58

434.401,704.88

11.5443.2532.73

9.41.00

29.94.00

21.728.27

14.189.29.38

4.5817.99

2,812.74687.61

2,835.45

351.61

29.687.25

29.92

3.71

3,364.62529.17

(824.10)(1,175.70)

35.505.58

(8.70)(12.40)

5.31.84

(1.30)(1.86)

6.6838.14

24,777.12 261.42 39.13

38.14

30.43203.2719,265.41

6,687.4221,412.4925,952.82 40.99

33.82225.9270.56 10.56

106,488.31 1,123.56

-.8 %

(24.13 hours)(170.49 hours)

75,000.004,445.62

27,042.69.00

791.3246.91

285.33.00

273.83


35






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Grain Silage Acres Cropped:

Enterprises:

254.78.62.00.00

6.03

246.94.00.00.00

2.50

11.5443.2532.739.41.00

29.94.00

21.728.27

14.189.29.38

4.5817.99

13.5435.9015.35

.27

.0042.42

.0011.58

3.2012.03

2.83.93.00

16.20

29.687.25

29.92

3.71

9.974.40

25.63

3.77

35.505.58

(8.70)(12.40)

93.2467.6155.1851.40

6.7936.36

261.42 249.43

154.26203.27

70.56225.92273.83

156.1943.77

1,123.56 1,084.14

791.3246.91

285.33.00

801.7533.98

248.40.00

198.03


38.146.68


94.78 114.339 3

36






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Own Dryland Grain Silage


Enterprises: 3

35,166.67175.42

.00

.001,252.12

200.951.00.00.00

7.15

1,658.337,010.427,625.00

669.25.00

6,004.76.00

2,540.01516.60

1,788.76.00

95.29.00

2,820.71

9.4840.0643.57

3.82.00

34.31.00

14.512.95

10.22.00.54.00

16.12

.00861.18

5,096.74

992.80

.004.92

29.12

5.67

6,831.781,735.04

(92.87)(1,085.67)

39.049.91(.53)

(6.20)

7.231.84(.10)

(1.15)

5.4037.20

36,594.20 209.11 38.71

37.20

32.50175.6030,729.15

6,950.7229,762.4237,679.87 39.86

31.48170.0739.72 7.35

281,014.41 1,605.80

-.0 %

(0.00 hours)(282.07 hours)

225,000.005,524.49

50,489.91.00

1,285.7131.57

288.51.00

215.31


37






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)





INVESTMENT


Rent Dryland Grain Silage


Enterprises: 6

18,637.41.00.00.00

231.17

340.93.00.00.00

4.23

811.562,643.30

840.261,003.14

.001,254.27

.001,817.55

917.301,121.811,320.06

5.73651.60

1,146.96

14.8548.3515.3718.35

.0022.94

.0033.2516.7820.5224.15

.1011.9220.98

4,219.12600.83

1,704.81

31.01

77.1810.9931.19

.57

1,631.04(73.77)

(1,189.71)(1,220.72)

29.84(1.35)

(21.76)(22.33)

3.42(.15)

(2.49)(2.56)

8.7339.07

18,868.57 345.16 39.55

39.07

28.37247.5613,533.54

6,555.7617,237.5320,089.30 42.11

36.13315.32119.92 13.74

19,225.26 351.68

-6.2 %

(36.20 hours)(114.70 hours)

.003,906.18

15,319.08.00

.0071.45

280.23.00

367.49


38






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates:



INVESTMENT


Dryland Alfalfa Hay


Enterprises: 5

28,033.40.00.00.00.00

188.90.00.00.00.00

.00

.00

.00

.00

.00158.86

.0095.55

.991,025.56

.00

.0015.0860.72

.00

.00

.00

.00

.001.07.00.64.01

6.91.00.00.10.41

240.00947.45768.38

1,490.81

1.626.385.18

10.05

24,059.1023,290.7324,720.8123,230.00

162.12156.95166.58156.54

55.7653.9857.3053.84

2.9164.97

28,033.40 188.90 64.97

64.97

3.149.141,356.76

3,446.633,974.304,803.40 11.13

9.2126.7823.23 7.99

218,041.10 1,469.28

11.3 %

(0.86 hours)(6.07 hours)

210,600.00342.64

7,098.47.00

1,419.142.31

47.83.00

32.37


39






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre



INVESTMENT


Dryland Alfalfa Hay Acres Cropped:

Enterprises:

188.90.00.00.00.00

221.00.00.00.00.00

.00

.00

.00

.00

.001.07.00.64.01

6.91.00.00.10.41

.00

.00

.00

.00

.00

.00

.00

.00

.005.92.00.00.00.05

1.626.385.18

10.05

.006.681.10

10.62

162.12156.95166.58156.54

197.79196.69207.26196.64

3.4065.00

188.90 221.00

5.979.14

23.2326.7832.37

23.2118.39

1,469.28 1,511.02

1,419.142.31

47.83.00

1,500.001.339.69.00

24.36


64.972.91


148.40 136.005 2

40






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)


Rates: 5N 1P 1K



INVESTMENT


Dryland Alfalfa/Grass Hay


Enterprises: 17

14,632.5618.25

.00

.001,093.51

141.02.18.00.00

10.54

.00205.44

.002.56.00

1,439.04.00

1,289.26217.13830.3936.4251.17

591.311,688.98

.001.98.00.02.00

13.87.00

12.422.098.00.35.49

5.7016.28

1,860.24562.67

2,428.73

212.85

17.935.42

23.41

2.05

8,445.846,017.114,540.974,328.12

81.3957.9943.7641.71

45.3932.3424.4023.26

1.7978.63

15,744.32 151.73 84.61

78.63

34.1361.216,351.72

5,064.487,298.49

11,416.20 61.3539.2270.34

48.81 27.22

77,772.38 749.51

5.8 %

(30.10 hours)(174.60 hours)

50,758.825,133.38

21,880.17.00

489.1749.47

210.86.00

110.02


41






GROSS RETURN

VARIABLE COSTS




(A)

(B)

(C)

$/Acre $/Acre

5.