| Grain Amaranth | |||||||
| Cost-Return Budget | |||||||
| Estimated Returns per Acre | |||||||
| Estimated Yield/Acre (lbs.) | 800 | ||||||
| Price (per pound) | $ 0.400 | ||||||
| Freight cost (per pound) | $ - | ||||||
| Net price (per pound) | $ 0.400 | ||||||
| Estimated Total Returns/Acre | $ 320.00 | ||||||
| Estimated Operating Costs/Acre | |||||||
| Seed | $ 4.00 | ||||||
| Fertilizer | $ 25.00 | ||||||
| Crop Chemicals | $ - | ||||||
| Insecticide | $ - | ||||||
| Machinery fuel, oil, repair | $ 15.00 | ||||||
| Machinery hire and services | $ 4.00 | ||||||
| Labor | $ 21.00 | ||||||
| Misc. | $ 5.00 | ||||||
| Operating interest (9% for 6 months) | $ 3.33 | ||||||
| Total Operating Costs/Acre | $ 77.33 | ||||||
| Estimated Ownership Cost/Acre | |||||||
| Machinery depreciation | $ 19.00 | ||||||
| Real estate taxes, depreciation, and interest (or rent) | $ 80.00 | ||||||
| Total Ownership Costs/Acre | $ 99.00 | ||||||
| Estimated Total Costs/Acre | $ 176.33 | ||||||
| Estimated Production Costs/Acre Excluding Land Charges | $ 96.33 | ||||||
| Net Return over Operating and Machinery Costs, | $ 223.67 | ||||||
| Excluding Land Charges (per acre) | |||||||
| Note: Fertilizer costs were based on 23¢ per pound nitrogen (prior to recent price increases) | |||||||