North Dakota 2008 Projected Crop Budgets - North West

Developed by: Andrew Swenson, NDSU Extension Service

Budgets:
Use the tabs at the bottom of this screen to select a crop budget. Point and click on the very right edge of the
last crop tab if all of the crop tabs are not visible. The next tab should then appear. Each budget displays
the projected revenue, direct and indirect costs, and profit as defined by return to unpaid operator labor and
management. The budgets can be edited. Please enter your own numbers. The budgets do not include
decoupled (direct and counter-cyclical) government payments because those payments are tied to historic farm
program base acres and payment yields, not to current crop selection or production. Refer to the paper
publication of the crop budgets or the PDF file on the NDSU website for a full explanation of the crop budgets.

Whole Farm Cash Flow:

The <Cashflow> tab, next to the <Intro> tab at the bottom of this screen can be selected to estimate
the whole farm cashflow. This worksheet consists of three tables. The first table lists the market and LDP
revenue, direct costs, and return over direct costs for each crop. (These items are linked from the individual
crop budgets and must be edited from those budgets). Enter the number of acres of each crop you expect
to grow. The indirect costs in the budgets are not linked to the cash flow worksheet. (Cashflow is not
calculated the same as profit. For example, depreciation is included in profit calculation but not cash flow, and
principal payments are a cash outflow but not an expense.) Cash outflows, other than direct costs, must be
entered in the Cashflow Summary table. Decoupled government payments must also be entered in this table.
A table itemizing direct costs and providing totals by crop is available at the bottom of this worksheet.

Caution:
The budgets do not provide a pure "apples-to-apples" comparison between crops. Differences in unpaid
operator labor and management requirements, production risk and marketing risk are not considered.
Rotational advantages and disadvantages such as nitrogen credits for soybeans and pulse crops, and the
potential some crops have for disease buildup, respectively, are also not considered.

**NDSU and its entities makes no warranties, either expressed or implied, concerning this program.**
 Mkt & LDP Direct Ret. Over Enter Revenue x Dir. Costs x Total
CROP Revenue Costs Dir. Costs Acres Acres Acres RODC
HRSW 167 103 65 400 66,976 41,076 25,900
Durum 193 119 73 900 173,376 107,451 65,925
Barley 237 99 138 0 0 0 0
Corn 227 135 92 0 0 0 0
Oil_SF 238 135 103 0 0 0 0
Canola 267 145 122 300 79,998 43,524 36,474
Flax 180 90 91 300 54,054 26,859 27,195
Peas 185 103 83 300 55,620 30,810 24,810
Oats 125 92 33 0 0 0 0
Lentils 270 100 170 200 54,000 20,018 33,982
Mustard 241 77 164 0 0 0 0
Safflower 190 88 102 0 0 0 0
Buckwht 162 67 96 0 0 0 0
Millet 113 57 56 0 0 0 0
Wint.Wht 191 111 80 0 0 0 0
Rye 89 87 2 0 0 0 0
Lg Chickp 297 210 87 0 0 0 0
Totals 2,400 484,024 269,738 214,286

CASHFLOW SUMMARY
INFLOWS, Total for Farm OUTFLOWS, Total for Farm
Market & LDP Rev. 484,024 Direct Costs 269,738
Decoupled Gov't Pmts 18,000 <-enter Machinery P & I Pmts 33,000 <-enter
Other Cash Inflow 0 <-enter Land Rent 67,200 <-enter
Total 502,024 Land P & I Pmts - <-enter
Land Taxes - <-enter
Other Cash Outflow 8,000 <-enter
Total 377,938
Cash available for family living, SE & income taxes and investment 124,086

<select crops from menu below>

<scroll down for direct cost summary>

Summary of Direct Costs

Crop Seed Herbicide Fungicide Insecticide Fertilizer Crop Insur. Fuel Repairs
HRSW 5,624 5,980 600 0 12,872 3,920 4,452 3,744
Durum 26,325 13,455 1,350 0 28,962 9,630 10,017 8,424
Barley 0 0 0 0 0 0 0 0
Corn 0 0 0 0 0 0 0 0
Oil_SF 0 0 0 0 0 0 0 0
Canola 5,475 6,525 0 1,800 16,023 3,660 3,663 3,006
Flax 2,970 6,669 0 0 6,042 1,860 3,492 3,054
Peas 9,450 6,525 0 0 2,949 1,560 4,047 3,366
Oats 0 0 0 0 0 0 0 0
Lentils 4,760 4,900 0 0 1,474 1,940 2,702 2,318
Mustard 0 0 0 0 0 0 0 0
Safflower 0 0 0 0 0 0 0 0
Buckwht 0 0 0 0 0 0 0 0
Millet 0 0 0 0 0 0 0 0
Wint.Wht 0 0 0 0 0 0 0 0
Rye 0 0 0 0 0 0 0 0
Lg Chickp 0 0 0 0 0 0 0 0
Totals 54,604 44,054 1,950 1,800 68,322 22,570 28,373 23,912
Grand Total Direct Cost 269,738
Drying Misc. Oper.Int.
0 2,400 1,484
0 5,400 3,888
0 0 0
0 0 0
0 0 0
0 1,800 1,572
0 1,800 972
0 1,800 1,113
0 0 0
0 1,200 724
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 14,400 9,753
HARD RED SPRING WHEAT Per Acre Notes:
Market Yield 28
Market Price + LDP: 5.98
Market Revenue 167.44

DIRECT COSTS
-Seed 14.06
-Herbicides 14.95
-Fungicides 1.50
-Insecticides 0.00
-Fertilizer 32.18
-Crop Insurance 9.80
-Fuel & Lubrication 11.13
-Repairs 9.36
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.71
SUM OF LISTED DIRECT COSTS 102.69

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.04
-Machinery Depreciation 11.31
-Machinery Investment 6.02
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 48.37

SUM OF ALL LISTED COSTS 151.06

RETURN TO LABOR & MGMT 16.38

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 3.67
-Indirect Costs 1.73
-Total Listed Costs 5.40
DURUM Per Acre Notes:
Market Yield 28
Market Price + LDP: 6.88
Market Revenue 192.64

DIRECT COSTS
-Seed 29.25
-Herbicides 14.95
-Fungicides 1.50
-Insecticides 0.00
-Fertilizer 32.18
-Crop Insurance 10.70
-Fuel & Lubrication 11.13
-Repairs 9.36
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 4.32
SUM OF LISTED DIRECT COSTS 119.39

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.04
-Machinery Depreciation 11.31
-Machinery Investment 6.02
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 48.37

SUM OF ALL LISTED COSTS 167.76

RETURN TO LABOR & MGMT 24.88

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 4.26
-Indirect Costs 1.73
-Total Listed Costs 5.99
BARLEY Per Acre Notes:
Market Yield 47
Market Price + LDP: 5.05 Malt price, feed quality occurs 35%, price est. is $3.51
Market Revenue 237.35

DIRECT COSTS
-Seed 10.63
-Herbicides 14.35
-Fungicides 1.25
-Insecticides 0.00
-Fertilizer 34.58
-Crop Insurance 5.00
-Fuel & Lubrication 13.16
-Repairs 10.35
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.57
SUM OF LISTED DIRECT COSTS 98.89

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.56
-Machinery Depreciation 12.98
-Machinery Investment 7.23
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 51.77

SUM OF ALL LISTED COSTS 150.66

RETURN TO LABOR & MGMT 86.69

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 2.10
-Indirect Costs 1.10
-Total Listed Costs 3.21
CORN Per Acre Notes:
Market Yield 66
Market Price + LDP: 3.44
Market Revenue 227.04

DIRECT COSTS
-Seed 30.40
-Herbicides 11.75
-Fungicides 0.00
-Insecticides 3.80
-Fertilizer 42.67
-Crop Insurance 0.00 Crop Ins. only available by written agreement.
-Fuel & Lubrication 14.25
-Repairs 11.67
-Drying 9.31
-Miscellaneous 6.00
-Operating Interest 4.87
SUM OF LISTED DIRECT COSTS 134.72

INDIRECT (FIXED) COSTS

-Misc. Overhead 4.34
-Machinery Depreciation 17.11
-Machinery Investment 9.40
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 58.85

SUM OF ALL LISTED COSTS 193.57

RETURN TO LABOR & MGMT 33.47

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 2.04
-Indirect Costs 0.89
-Total Listed Costs 2.93
OIL SUNFLOWER Per Acre Notes:
Market Yield 1250
Market Price + LDP: 0.190
Market Revenue 237.50

DIRECT COSTS
-Seed 16.92
-Herbicides 24.25
-Fungicides 0.00
-Insecticides 12.00
-Fertilizer 27.32
-Crop Insurance 13.20
-Fuel & Lubrication 11.93
-Repairs 10.07
-Drying 2.50
-Miscellaneous 11.75
-Operating Interest 4.87
SUM OF LISTED DIRECT COSTS 134.81

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.53
-Machinery Depreciation 13.44
-Machinery Investment 7.34
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 52.31

SUM OF ALL LISTED COSTS 187.12

RETURN TO LABOR & MGMT 50.38

LISTED COSTS PER BUDGET UNIT (lb) :

-Direct Costs 0.108
-Indirect Costs 0.042
-Total Listed Costs 0.150
CANOLA Per Acre Notes:
Market Yield 1340
Market Price + LDP: 0.199
Market Revenue 266.66

DIRECT COSTS
-Seed 18.25
-Herbicides 21.75
-Fungicides 0.00
-Insecticides 6.00
-Fertilizer 53.41
-Crop Insurance 12.20
-Fuel & Lubrication 12.21
-Repairs 10.02
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 5.24
SUM OF LISTED DIRECT COSTS 145.08

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.28
-Machinery Depreciation 12.31
-Machinery Investment 6.89
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 50.48

SUM OF ALL LISTED COSTS 195.56

RETURN TO LABOR & MGMT 71.10

LISTED COSTS PER BUDGET UNIT (lb) :

-Direct Costs 0.108
-Indirect Costs 0.038
-Total Listed Costs 0.146
FLAX Per Acre Notes:
Market Yield 18
Market Price + LDP: 10.01
Market Revenue 180.18

DIRECT COSTS
-Seed 9.90
-Herbicides 22.23
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 20.14
-Crop Insurance 6.20
-Fuel & Lubrication 11.64
-Repairs 10.18
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.24
SUM OF LISTED DIRECT COSTS 89.53

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.16
-Machinery Depreciation 11.84
-Machinery Investment 6.70
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 49.70

SUM OF ALL LISTED COSTS 139.23

RETURN TO LABOR & MGMT 40.95

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 4.97
-Indirect Costs 2.76
-Total Listed Costs 7.74
FIELD PEAS Per Acre Notes:
Market Yield 30
Market Price + LDP: 6.18
Market Revenue 185.40

DIRECT COSTS
-Seed 31.50
-Herbicides 21.75
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 9.83
-Crop Insurance 5.20
-Fuel & Lubrication 13.49
-Repairs 11.22
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.71
SUM OF LISTED DIRECT COSTS 102.70

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.45
-Machinery Depreciation 13.76
-Machinery Investment 7.31
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 52.52

SUM OF ALL LISTED COSTS 155.22

RETURN TO LABOR & MGMT 30.18

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 3.42
-Indirect Costs 1.75
-Total Listed Costs 5.17
OATS Per Acre Notes:
Market Yield 55
Market Price + LDP: 2.27
Market Revenue 124.85

DIRECT COSTS
-Seed 10.00
-Herbicides 5.13
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 34.68
-Crop Insurance 9.00
-Fuel & Lubrication 13.50
-Repairs 10.47
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.33
SUM OF LISTED DIRECT COSTS 92.11

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.67
-Machinery Depreciation 13.22
-Machinery Investment 7.35
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 52.24

SUM OF ALL LISTED COSTS 144.35

RETURN TO LABOR & MGMT -19.50

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 1.67
-Indirect Costs 0.95
-Total Listed Costs 2.62
LENTILS Per Acre Notes:
Market Yield 1350
Market Price + LDP: 0.2
Market Revenue 270.00

DIRECT COSTS
-Seed 23.80
-Herbicides 24.50
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 7.37
-Crop Insurance 9.70
-Fuel & Lubrication 13.51
-Repairs 11.59
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.62
SUM OF LISTED DIRECT COSTS 100.09

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.43
-Machinery Depreciation 13.92
-Machinery Investment 7.48
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 52.83

SUM OF ALL LISTED COSTS 152.92

RETURN TO LABOR & MGMT 117.08

LISTED COSTS PER BUDGET UNIT (lb) :

-Direct Costs 0.074
-Indirect Costs 0.039
-Total Listed Costs 0.113
YELLOW MUSTARD Per Acre Notes:
Market Yield 900
Market Price + LDP: 0.268
Market Revenue 241.20

DIRECT COSTS
-Seed 8.80
-Herbicides 12.25
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 26.53
-Crop Insurance 3.50
-Fuel & Lubrication 11.83
-Repairs 9.88
-Drying 0.00
-Miscellaneous 1.50
-Operating Interest 2.79
SUM OF LISTED DIRECT COSTS 77.08

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.16
-Machinery Depreciation 12.03
-Machinery Investment 6.75
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 49.94

SUM OF ALL LISTED COSTS 127.02

RETURN TO LABOR & MGMT 114.18

LISTED COSTS PER BUDGET UNIT (lb) :

-Direct Costs 0.086
-Indirect Costs 0.055
-Total Listed Costs 0.141
SAFFLOWER Per Acre Notes:
Market Yield 950
Market Price + LDP: 0.2
Market Revenue 190.00

DIRECT COSTS
-Seed 11.75
-Herbicides 15.25
-Fungicides 0.10
-Insecticides 0.00
-Fertilizer 17.87
-Crop Insurance 13.60
-Fuel & Lubrication 11.01
-Repairs 9.31
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.18
SUM OF LISTED DIRECT COSTS 88.07

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.00
-Machinery Depreciation 11.22
-Machinery Investment 5.98
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 48.20

SUM OF ALL LISTED COSTS 136.27

RETURN TO LABOR & MGMT 53.73

LISTED COSTS PER BUDGET UNIT (lb) :

-Direct Costs 0.093
-Indirect Costs 0.051
-Total Listed Costs 0.143
BUCKWHEAT Per Acre Notes:
Market Yield 850
Market Price: 0.191
Market Revenue 162.35

DIRECT COSTS
-Seed 16.50
-Herbicides 12.00
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 12.25
-Crop Insurance 0.00
-Fuel & Lubrication 11.96
-Repairs 9.93
-Drying 0.00
-Miscellaneous 1.50
-Operating Interest 2.41
SUM OF LISTED DIRECT COSTS 66.55

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.20
-Machinery Depreciation 12.12
-Machinery Investment 6.79
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 50.11

SUM OF ALL LISTED COSTS 116.66

RETURN TO LABOR & MGMT 45.69

LISTED COSTS PER BUDGET UNIT (lb) :

-Direct Costs 0.078
-Indirect Costs 0.059
-Total Listed Costs 0.137
MILLET Per Acre Notes:
Market Yield 1300
Market Price: 0.087
Market Revenue 113.10

DIRECT COSTS
-Seed 6.00
-Herbicides 4.75
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 15.52
-Crop Insurance 0.00
-Fuel & Lubrication 12.26
-Repairs 10.03
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 2.05
SUM OF LISTED DIRECT COSTS 56.61

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.29
-Machinery Depreciation 12.33
-Machinery Investment 6.90
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 50.52

SUM OF ALL LISTED COSTS 107.13

RETURN TO LABOR & MGMT 5.97

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 0.044
-Indirect Costs 0.039
-Total Listed Costs 0.082
WINTER WHEAT Per Acre Notes:
Market Yield 35
Market Price LDP: 5.45
Market Revenue 190.75

DIRECT COSTS
-Seed 10.00
-Herbicides 10.70
-Fungicides 6.00
-Insecticides 0.00
-Fertilizer 44.63
-Crop Insurance 9.80
-Fuel & Lubrication 10.93
-Repairs 9.03
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 4.02
SUM OF LISTED DIRECT COSTS 111.11

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.00
-Machinery Depreciation 11.00
-Machinery Investment 5.67
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 47.67

SUM OF ALL LISTED COSTS 158.78

RETURN TO LABOR & MGMT 31.97

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 3.17
-Indirect Costs 1.36
-Total Listed Costs 4.54
RYE Per Acre Notes:
Market Yield 35
Market Price: 2.54
Market Revenue 88.90

DIRECT COSTS
-Seed 5.40
-Herbicides 3.25
-Fungicides 0.00
-Insecticides 0.00
-Fertilizer 44.63
-Crop Insurance 4.60
-Fuel & Lubrication 11.09
-Repairs 8.98
-Drying 0.00
-Miscellaneous 6.00
-Operating Interest 3.15
SUM OF LISTED DIRECT COSTS 87.10

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.05
-Machinery Depreciation 11.14
-Machinery Investment 5.85
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 48.04

SUM OF ALL LISTED COSTS 135.14

RETURN TO LABOR & MGMT -46.24

LISTED COSTS PER BUDGET UNIT (bu) :

-Direct Costs 2.49
-Indirect Costs 1.37
-Total Listed Costs 3.86
LARGE CHICKPEA Per Acre Notes:
Market Yield 1100
Market Price + LDP: 0.27
Market Revenue 297.00

DIRECT COSTS
-Seed 78.00
-Herbicides 21.25
-Fungicides 50.00
-Insecticides 0.00
-Fertilizer 8.41
-Crop Insurance 11.10
-Fuel & Lubrication 14.02
-Repairs 12.49
-Drying 0.00
-Miscellaneous 7.00
-Operating Interest 7.59
SUM OF LISTED DIRECT COSTS 209.86

INDIRECT (FIXED) COSTS

-Misc. Overhead 3.55
-Machinery Depreciation 14.56
-Machinery Investment 7.97
-Land Charge 28.00
SUM OF LISTED INDIRECT COSTS 54.08

SUM OF ALL LISTED COSTS 263.94

RETURN TO LABOR & MGMT 33.06

LISTED COSTS PER BUDGET UNIT (lb) :

-Direct Costs 0.191
-Indirect Costs 0.049
-Total Listed Costs 0.240