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im trying to figure out the equations could you give me an example? Mn Crop Analysis-Soybeans on Cash Rent 2020 2021 Base 2020 Base 50
im trying to figure out the equations could you give me an example?
Mn Crop Analysis-Soybeans on Cash Rent 2020 2021 Base 2020 Base 50 $ 10.00 $ 500.00 $ 12.00 S 34.00 $546,00 Yield per acre Ibu Value per bu Total product return per acre Crop Insurance Income per acre Other crop Income per acre Gross return per acre Direct Expenses Seed Fertilizer Crop chemicals Crop Insurance Storage Fuel & oil Repairs Custom hire Hired labor Land rent Machinery leases Marketing Operating interest Miscellaneous Total direct expenses per acre Return over direct exp per acre Overhead Expenses Hired labor Machinery leases Building leases Farm insurance Utilities Dues & professional fees Interest Mach & bldg depreciation Miscellaneous Total overhead expenses per acre Total dir & ovhd expenses per acre Net return per acre Government payments Net return with govt pts Labor & management charge Net return over Ibr & met Cost of Production (Breakevens) Total direct expense per bu. Total dir & ovhd exp per bu. Less govt & other income With labor & management $ 55.00 $ 20.00 5 42.00 $ 17.00 $ 1.00 S 13.00 $ 30,00 $ 8.00 $ 3.00 $ 160,00 $ 3.50 $ 1.00 S 7.00 $ 4.00 $364 50 $181.50 $ 10.00 $ 3.50 $ 1.00 $ 7.00 $ 3.50 $ 3.00 $ 4.00 $ 30.00 $ 5.00 $ 6700 $431.50 $ 114.50 $ 30.00 $ 144.50 $ 32.00 $112.50 Use the spreadsheet provided for this section to calculate the following scenario. It is early winter 2021 and you are trying to put together a budget for your soybeans on rented acres for the upcoming year. You anticipate a higher yield than last year of 56 bushels/acre, as well as a higher price of $12.50/bushel, but no crop insurance or other revenue will be received. Direct expenses are up across the board by 20% and overhead expenses are up 5% from 2020. Government payments are half of 2020's payments, and the labor and management charge is estimated at $35/acre. 1. What is the gross return per acre? 3 points 2. What are the total direct expenses per acre? 3 points 3. What are the total overhead expenses per acre? 3 points Step by Step Solution
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