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				1999 POPCORN PRODUCTION BUDGET
				Conventional Tillage Practices
	ITEM				EXPLANATION		PRICE PER		YIELD (lb./A)				YOUR
							UNIT						BUDGET
									2600	3400	4200
RECEIPTS 1
	Popcorn						$10.00	/cwt.	$260	$340	$420
VARIABLE  COSTS
	Seed				10	lb.	2.50	/lb.	25	25	25
	Fertilizer 2
		N (lb.)		80	120	120	0.23	/lb.	18	28	28
		P2O5(lb.)		15	20	20	0.28	/lb.	4	6	6
		K2O(lb.)		35	40	50	0.13	/lb.	5	5	7
		Lime(lb.)			2000		14	/ton	14	14	14
	Pesticides 3								25	25	25
	Fuel, Oil, Grease								11	11	11
	Repairs								19	19	19
	Miscellaneous 4								13	13	13
	Int. on Oper. Cap. 5				5	mo.	9.0%		5	5	6
TOTAL VARIABLE COSTS						-Per Acre			139	151	152
						-Per Cwt.			5.35	4.44	3.62
FIXED COSTS
	Operator Labor Charge				3	hours	7.50	/hr.	23	23	23
	Mach. And Equip. Charge								57	57	57
	Land Charge				Rent				35	70	105
	Management Charge				5%	of gross revenue			13	17	21
TOTAL FIXED COSTS									128	167	206
TOTAL COSTS						-Per Acre			267	317	358
						-Per Cwt.			10.26	9.33	8.52
RETURN ABOVE VARIABLE COSTS									121	189	268
RETURN ABOVE TOTAL COSTS									(7)	23	62
1	Price and yield for shelled corn grown under contract.  Some contracts price corn based on a formula related to
		field corn price (e.g. corn futures x 3.6 + $0.35 =$/cwt.)
2	Assumes only maintenance application of fertilizer needed.
		Recommendations based on yield potential of preceding crop.
3	Consult current OSU Bulletin 789 for specific recommendations.
4	Includes supplies, utilities, soil tests, small tools, etc.…
5	Interest on all variable costs for 5 months at 9% interest rate.