A. REVENUE B. OPERATING EXPENSES PRICE OR TOTAL PER UNIT QUANTITY COSTUNIT ACRE 6.00 900.00 ACRE 150.00 Seed Seed Treatment Tech Fee Fertilizer 1000K ACRE 28.00 0.00 2.50 70.00 0.00 0.00 0.00 0.00 ACRE 1.00 Nitrogen UNITS 120.00 60.00 .57 68.40 0.49 29.40 Phosphate UNITS UNITS ACRE 60.00 0.49 29.40 Micronutrients Lime (Prorated) TONS Herbicides Insecticides Fungicides Nematicide Consultant/Scouting Fee Irrigation Drying Hauling 1.00 0.33 1.00 1.00 1.00 1.00 8.00 8.00 33.26 10.98 20.00 20.00 ACRE ACRE ACRE ACRE 7.00 7.00 0.00 0.00 0.00 0.00 0.00 0.00 5.00 12.000.00 ACRE AC/IN BU. BU. ACRE 0.00 50.00 150.00 1.00 0.00 0.00 0.25 37.50 0.25 37.50 20.00 20.00 9.00 0.00 40.00 0.00 Crop Insurance Aerial ApplicationACRE Land Rent ACRE Labor (Wages & Fringe) 1.20 1.00 11.25 13.50 27.00 27.00 HOUR Tractor/Machinery ACRE Interest orn Operating Capital DOL 189.34 0.070 13.25 $391.93 C. TOTAL VARIABLE OPERATING COSTS D. FIXED OPERATING COSTS 35.00 35.00 1.00 0.00 125.00 0.00 Tractor/MachineryACRE Irrigation Land Ownership Cost ACRE 0.00 0.00 0.08 31.35 $66.35 $458.28 1.00 391.93 ACRE General Overhead DOL E. TOTAL FIXED COSTS F. TOTAL COST OF ALL SPECIFIED EXPENSES NS, CONVENTIONAL TILLAGE NORTH ALABAMA A. GROSS REVENUE B. OPERATING EXPENS PRICE OR UNIT QUANTITY COSTUNIT TOTAL ACR PER 50.00 1.25 60.00 8.00 400.00 Seed & Inoculant Fertilizer BAG 50.00 62.50 UNITS UNITS TONS ACRE ACRE ACRE ACRE Potash Lime (Prorated) 0.49 0.49 35.00 29.40 29.40 11.55 60.00 0.33 1.00 1.00 1.00 1.00 0.00 0.00 50.00 50.00 20.00 30.00 8.00 30.00 8.00 14.00 0.00 0.00 Fungicides 14.00 0.00 6.00 12.00 0.00 0.25 Consultant/Scouting Fee ACRE Irrigation Drying Hauling Crop Insurance Aerial Application Land Rent Labor (Wages & Fringe) HOUR Tractor/Machinery Interest on Operating AC/IN BU. BU. ACRE ACRE ACRE 0.00 0.00 12.50 20.00 1.00 0.00 1.00 1.20 1.00 5.00 40.00 11.25 27.00 0.00 40.00 13.50 27.00 ACRE Capital DOL 148.93 0.0700 10.42 $308.27 C. TOTAL VARIABLE COST D. FIXED COSTS 35.00 TRACTOR/MACHINERY ACRE IRRIGATION LAND OWNERSHIP COST GENERAL OVERHEAD DOL. 1.00 0.00 1.00 308.27 35.00 125.00 0.00 0.08 0.00 0.00 24.66 $59.66 $367.94 ACRE ACRE E. TOTAL FIXED COSTS F. TOTAL COST OF ALL SPECIFIED EXPENSES 1. USING THE CORN AND SOYBEAN BUDGET FOLLOWING DATA PLAN1 200 ACRE CORN 200 ACRES OF SOYBEANS PLAN 2 150 ACRES OF CORN 250 ACRES OF SOYBEANS SET UP YOUR FARM PLAN CONSTRUCT 2 WHOLE FARM PLANS USING THE Corn Soybeans TOTAL GROSS INCOME VARIABLE COSTS Corn Soybeans TOTAL VARIABLE COSTS GROSS MARGIN (RETURNS ABOVE VARIABLE COSTS) OTHER EXPENSES IF ANY TOTAL OTHER EXPENSES NET FARM INCOME 10% REDUCTION IN GROSS INCOME REVISED NET FARM INCOME 2. SET UP A LINEAR PROGRAMMING TABLEAU USING THE CORN AND SOVE ATA BELOW. FILL IN THE BLANKS FOR a. THROUGH k. ANSWER AND SOYDLAN BUDGETS ADOVE AND QUESTIONS I and m. CORN (ACRES) SOYBEANS (ACRES) RESOURCE CONSTRAINT RESOURCE AVAILABLE Amount GROSS MARGIN LAND LABOR CAPITAL b. d. Type LE LE LE C. Resources Available Land Labor Capital 500 acres 800 hours 75,000 Use resources available divided by per unit requirement to determine following: I. What is the most limiting resource for corn? m. What is the most limiting resource for soybeans? By limiting resource we mean what is the maximum number of acres that could be produced considering each resource. You will have to figure the maximum amount of acres using each resource, land, labor, capital and their per unity requirements in order to answer I. and m
