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9 |
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1999 TOBACCO PRODUCTION
BUDGET |
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ITEM |
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EXPLANATION |
PRICE PER |
YIELD (lb/A) |
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YOUR |
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UNIT |
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BUDGET |
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2000 |
2500 |
3000 |
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| RECEIPTS |
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Tobacco |
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$1.90 |
/lb |
$3,800 |
$4,750 |
$5,700 |
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| VARIABLE COSTS |
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Transplants |
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bought transplants |
7000 plants/A |
35 |
/1000 plants |
245 |
245 |
245 |
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grown transplants |
7000 plants/A |
20 |
/1000 plants |
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Fertilizer 1 |
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N (lbs.) |
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200 |
225 |
275 |
0.27 |
/lb |
54 |
61 |
74 |
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P2O5(lbs) |
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100 |
130 |
160 |
0.29 |
/lb |
29 |
38 |
46 |
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K2O(lbs) |
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200 |
250 |
300 |
0.30 |
/lb |
60 |
75 |
90 |
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Lime(lbs) |
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2000 |
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17.5 |
/ton |
18 |
18 |
18 |
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Chemicals |
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Herbicides 2 |
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25 |
40 |
55 |
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Insecticides 3 |
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25 |
36 |
66 |
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Fungicides 4 |
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40 |
119 |
184 |
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Sucker Control |
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30 |
30 |
30 |
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Cover Crop |
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Wheat |
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20 |
20 |
20 |
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Crop Insurance |
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0 |
140 |
180 |
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Fuel, Oil, Grease |
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100 |
110 |
120 |
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Repairs- Buildings and
Equipment |
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150 |
175 |
200 |
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Int. on Oper. Cap. 5 |
796 |
6 |
mo |
9.0% |
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36 |
39 |
49 |
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Marketing |
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Government |
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0.032 |
/lb |
64 |
80 |
96 |
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Warehouse |
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6.0 |
% |
228 |
285 |
342 |
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Grading Fee |
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0.83 |
/cwt |
17 |
21 |
25 |
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Hired Labor |
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| TOTAL
VARIABLE COSTS |
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-Per Acre |
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1140 |
1530 |
1840 |
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-Per Pound |
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0.57 |
0.61 |
0.61 |
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| FIXED
COSTS |
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Quota Lease 6 |
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0.20 |
/lb |
400 |
500 |
600 |
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Labor Charge 7 |
170 |
185 |
200 |
7.50 |
/hr |
1275 |
1388 |
1500 |
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Mach. And Equip. Charge |
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500 |
500 |
500 |
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Sticks |
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1200 |
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20 |
/100 sticks |
12 |
12 |
12 |
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Building Charge |
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2500 |
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17 |
% |
425 |
425 |
425 |
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Land Charge 8 |
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70 |
85 |
100 |
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Management Charge |
5% |
of gross revenue |
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190 |
238 |
285 |
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| TOTAL
FIXED COSTS |
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2872 |
3147 |
3422 |
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| TOTAL
COSTS |
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-Per Acre |
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4012 |
4677 |
5262 |
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-Per Pound |
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2.01 |
1.87 |
1.75 |
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| RETURN
ABOVE VARIABLE COSTS |
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2660 |
3220 |
3860 |
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| RETURN
ABOVE TOTAL COSTS |
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(212) |
73 |
438 |
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| 1. Fertilizer prices based on southern Ohio retail prices |
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| 2. Devinrol + Prowl, Spartan, Spartan+Command for the three
respective yield levels |
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| 3. Orthene(2 lb.), Admire, Admire+Orthene (2 lb.) for the three
respective yield levels |
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| 4. Ridomail (1/2 pt/A), Ridomil 1pt./A + Acrobat 3 lb/A, Ridomil 1
pt./A+Acrobat 8lb./A for the three respective yield levels |
| 5. Interest charged for 6 months at 9% interest rate. |
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| 6.
Quota lease charge may be $0 if quota is owned |
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| 7. Part or all of labor may be a variable cost if paid labor varies
with acres farmed. |
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It’s a fixed cost if labor costs do not
change with acres farmed. |
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| 8. Average based on 1996 data.
Land charges vary throughout the state, check your local rates. |
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