Cowpea
Cost-Return Budget
Estimated Returns per Acre
	Estimated Yield/Acre (lbs.)					1,200
	Price (per pound)					$ 0.200
	Freight/cleaning cost (per pound)					$ 0.030
	Net price (per pound)					$ 0.170
Estimated Total Returns/Acre						$ 204.00
Estimated Operating Costs/Acre
	Seed					$ 25.00
	Fertilizer					$ 17.50
	Crop Chemicals (includes chemical harvest aid)					$ 30.50
	Machinery fuel, oil, repair					$ 10.00
	Machinery hire and services					$ 10.00
	Labor					$ 21.00
	Misc.					$ 5.00
	Operating interest (9% for 6 months)					$ 5.36
	Total Operating Costs/Acre					$ 124.36
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						$ 223.36
Estimated Production Costs/Acre Excluding Land Charges						$ 143.36
Net Return over Operating and Machinery Costs,						$ 60.65
Excluding Land Charges (per acre)
Note: Fertilizer costs were based on 23¢ per pound nitrogen (prior to recent price increases)