Pearl Millet
Cost-Return Budget (assumes crop is sold to birdfood market)
.
Estimated Returns per Acre
	Estimated Yield/Acre (lbs.)					3,500
	Price (per pound)					$ 0.065
	Freight cost (per pound)					$ 0.005
	Net price (per pound)					$ 0.060
Estimated Total Returns/Acre						$ 210.00
Estimated Operating Costs/Acre
	Seed					$ 12.00
	Fertilizer					$ 44.00
	Crop Chemicals					$ 7.50
	Insecticide					$ -
	Machinery fuel, oil, repair					$ 10.00
	Machinery hire and services					$ 9.00
	Labor					$ 21.00
	Misc.					$ 5.00
	Operating interest (9% for 6 months)					$ 4.88
	Total Operating Costs/Acre					$ 113.38
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						$ 212.38
Estimated Production Costs/Acre Excluding Land Charges						$ 132.38
Net Return over Operating and Machinery Costs,						$ 77.62
Excluding Land Charges (per acre)
Note: Fertilizer costs were based on 23¢ per pound nitrogen (prior to recent price increases)