2020 - Cabbage - Bareground and Irrigated Budget

Prepared by:
Esendugue Greg Fonsah, Timothy Coolong, Jeremy Kichler and Justin Shealey
Ext. Ag. Econ. Dept., Colquit and Echols Counties, University of Georgia

INPUT DATA: Your values in the unprotected or highlighted cells

(Cash Flow Budget)

Number of acres 1

BEST OPT MEDIAN PESS WORST

Yield (50 lbs. boxes) 850 800 750 700 650
$ Price/50 lb box 10.20 9.71 9.25 8.79 8.35

Item Unit Quantity Price Amt/acre Total Yours

Variable Costs

Transplants Thou 17.50 24.00 420.00 420 _______

Lime, applied Ton 1.00 30.00 30.00 30 _______
Nitrogen (N) Ibs 225.00 0.70 157.50 158 _______
Phosporus (P205) Ibs 110.00 0.50 55.00 55 _______
Potassium (K20) Ibs 110.00 0.50 55.00 55
Gypsom Ton 0.50 75.00 37.50 38
Disease control Acre 10.00 20.00 200.00 200
Herbicide Acre 6.00 15.00 90.00 90 _______
Insecticide Acre 4.00 30.00 120.00 120 _______
Greenhouse Fungicide Appl 1.00 120.00 120.00 120 _______
Machinery (fuel, lub & maintenance) Acre 1.00 75.00 75.00 75 _______
Labor Hrs 15.00 10.50 157.50 158 _______
Irrigation (electric pump) 1/ Acre 1.00 99.85 99.85 100
Scouting Acre 1.00 25.00 25.00 25 _______
Interest on Oper. Cap. $ 1642.35 0.07 53.38 53 _______
PreHarvest Variable Costs 1695.72 1,696

Harvest and Marketing Costs Unit Quantity Price Amt/acre Total Yours

Labor (Harvest, packing) Boxes 712.50 0.50 356 356

Harvest Wagon (hauling) Boxes 712.50 3.00 2138 2,138
Ice (cooling) Boxes 712.50 0.15 107 107
Container/packaging Boxes 712.50 0.70 499 499
Broker fees $ 3099.38 0.08 232.45 232
Total Harvest and Marketing 3331.83 3,332

Total Variable Costs 5027.55 5,028

1/- Dissel would cost about $100 per acre

FIXED COSTS: Press Button for Calculation of Annual Debt Payment)

Annual Fixed Cost Unit Quantity Price Amt/acre Total Yours

Machinery Acre 1.00 159.56 159.56 160 _______
Irrigation Acre 1.00 298.95 298.95 299 _______
Overhead and Management $ 1695.72 0.15 254.36 254 _______
Total Fixed Costs 712.87 713

Total budgeted cost per acre 5740.42 5,740

Break-Even (BE) Costs Per Acre

BE Preharvest variable cost per box ($) 2.26
BE Harvest & marketing cost per box ($) 4.44
BE Fixed Outlays per box ($) 0.95
BE Total budgeted cost per box ($) 7.65
BE Yield per Acre (boxes) 620.59

EXPECTED RETURNS FROM TOTAL ACREAGE

EXPECTED VOLUME EXPECTED TOTAL

ACRES YIELD/AC MARKETED PRICE RETURNS
1 750 713 9.25 6,591

RISK RATED RETURNS OVER CASH FLOW COSTS

Net return levels (TOP ROW);

The chances of obtaining this level or more (MIDDLE ROW); and
The chances of obtaining this level or less (BOTTOM ROW).

Best Opt Opt. Expected Pess Pess Worst

Returns($) 1,833 1,622 1,410 1,199 989 779 570
Chances 7% 16% 31% 50%
Chances 50% 31% 16% 7%

CHANCES FOR PROFIT 99% BASE BUDGETED NET REVENUE ($) 1,197
 Price Sensitivity Expected Returns Over Cash Flow Per Acre
$-Net % Chances
Best Opt Opt Expected Pess Pess Worst Returns 0f Profit
$-Price/Yield (lbs) 712.50
8.35 1100 909 719 529 342 156 -30 522 92
8.79 1462 1261 1059 858 659 460 262 852 98
9.25 1833 1622 1410 1199 989 779 570 1197 99
9.71 2223 1999 1774 1550 1330 1109 888 1542 99
10.20 2630 2392 2154 1916 1682 1448 1213 1910 99

Disclaimer:
This budget is only a guideline. Production practices, yields, selling and input prices vary significantly
between growers, researchers, states, regions and nationally. Growers are advised to enter their actual
yields, selling and input price data.

-
-
ances

* * *
* Must match budget Entries *
* - *
* 1.00 ACRES *
* 850.00 Best Y 10.20 Best P *
* 800.00 Opt. Y 9.71 Opt. P *
* 750.00 Med. Y 9.25 Med. P *
* 700.00 Pess. Y 8.79 Pess. P *
* 650.00 Worst Y 8.35 Worst P *
* 4.44 H&MC *
* 2408.59 T.C. *
* * *
: - :
: Calculations :
: - :
: 750.00 Exp. Y 9.25 Exp. P :
: 50.00 SYO 0.47 SPO :
: 50.00 SYP 0.46 SPP :
: 2500.00 VYO 0.22 VPO :
: 2500.00 VYP 0.21 VPP :
: - :
: 179980 VTRHH 175050 VTRLL :
: 179980 VTRHL 175050 VTRLH :
: 424 STRHH 418 STRLL :
: 424 STRHL 418 STRLH :
: 423 STRO 419 STRP :
: - :
: Calculation of NR and for Z values :
: - :
424.24 STRHH 418.39 STRLL :
: 424.24 STRHL 418.39 STRLH :
: 423 STRO 419 STRP :
: 9.25 MP 750.00 MY :
: 6939 ETR 5740 MTC :
: 6937.73 MTR 1199 ENR :
: 1197 MNR 1.27 ENR-MN :
: - :
1.00 1.50 1.50 0.74 0.13 0.07 1.50 0.74 0.13
1.00 0.00 0.00 1.00 0.40 0.50 0.00 1.00 0.40
0.00 1.50 1.50 0.74 0.13 0.07 1.50 0.74 0.13

EXPDATA 1.00 750.00 9.25 5740.42 423.25 419.38 424.24 424.24

 0.07 1.00 1.00 1.00 0.81 0.24 0.16 1.00 0.81 ###
###
0.50 0.00 0.50 0.50 0.90 0.35 0.31 0.50 0.90 ###
###
0.07 0.00 2.86 2.50 0.63 0.02 0.01 2.50 0.63 ###
###

418.39 418.39
1.00 0.50 0.50

0.00 1.00 1.00

0.90 0.35 0.31 0.50 0.90 0.35 0.31

0.81 0.24 0.16 1.00 0.81 0.24 0.16

232
3,332
3,332
5,028
1/- Dissel would cost about $100 per acre
 SOLID SET IRRIGATION SYSTEM

ACRES IN SYSTEM 40.00

INTEREST RATE 0.07

INVESTMENT YRS. DEPREC. INTEREST TAXES & INS.

Sprinkler system 60000 10 6000 1950 450
Power unit 12500 1 0 406 94
WELL (8 inches) 15000 20 750 488 113
Pump 12000 10 1200 390 90
FILTER & AUTO 200 10 20 7 2
0 20 0 0 0
0 20 0 0 0
TOTAL 99700 7970 3240 748

TOTAL ANNUAL FIXED COSTS 11958

TOTAL ANNUAL FIXED COSTS PER ACRE 298.95

TOTAL ANNUAL DEBT PAYMENT PER ACRE 264

OPERATING COSTS

MOTOR SIZE (HP) 15.00

REPAIRS 2023.50 50.59
ANNUAL PUMPING HOURS 2000.00
ELECTRICITY
Demand (standby charge) per YEAR 180.00
Rate $ per KWH 0.08
ANNUAL ENERGY COST 1970.40
ANNUAL ENERGY COST PER ACRE 49.26

OPERATING COST PER ACRE PER YEAR 99.85

 Investment and Annual Fixed Costs

Number of acres of this crop 40

Interest rate 0.07

Equipment Costs for Cabbage

% of time for Salvage Yrs. of

Item This crop Cost Value Life Depr. Int. Tax&Ins FC/Ac.
Tractors (100 hp) 33% 70000 14000 15 1232 901 194 58
Plow (6 row bedder)) 33% 22000 4400 15 387 283 61 18
Disk (24') 33% 22000 4400 15 387 283 61 18
Subsoiler 33% 5000 1000 15 88 64 14 4
Transplanter 33% 12000 2400 15 211 154 33 10
Cultivator (6 row) 33% 6000 1200 15 106 77 17 5
Sprayer (18 row boom) 33% 15000 3000 15 264 193 42 12
Tillovator (6 row) 33% 40000 8000 15 704 515 111 33
Plastic layer (3 row) 33% 0 0 15 0 0 0 0
_______________ 33% 0 0 0 0 0 0 0

Total 63360 12672 3379 2471 532 160

Interest on Investment (Ave. Inv. X Int. Rate) 2471.04

Taxes and Insurance (Ave. Inv. X .014) 532.22

Total Annual Fixed Costs 6382.46

Total Annual Fixed Costs Per Acre 159.56
 Debt Payment Calculation on New Investment:
(For Use In Calculating Debt Payments on New Investment)

% of time for Financing Calc. Yr.

ITEM This crop Cost Amount Years Int.Rate Payment
Tractors 33% 70000 50% 7 11% 2,451
Plow 33% 22000 50% 7 11% 770
Disk 33% 22000 50% 7 11% 770
Appl. Herb 33% 5000 50% 7 11% 175
Plant 33% 12000 50% 7 11% 420
Cultivator 33% 6000 50% 7 11% 210
Sprayer 33% 15000 50% 7 11% 525
________ 33% 40000 50% 7 11% 1,401
________ 33% 0 50% 7 11% 0
________ 33% 0 50% 7 11% 0

Calculated Total Annual Debt Payment 6,723

Current Annual Debt Payments:

(For Use In Totaling Debt Payments on Existing Investment)
LOAN # 1 0
LOAN # 2 0
LOAN # 3 0
LOAN # 4 0
LOAN # 5 0
Total Annual Debt Payment 6,723

Taxes and Insurance 532

Total Annual Fixed Outlay 7,255
Total Annual Fixed Outlay Per Acre 181
MACROS Prinout pages are Named settings0 0.00
"Total Cost" "Total Cost Out" "Cash Flow" "Cash Flow Out." "Var.Cost" "Var.Cost Out" Save As centered, print to fit
(Ctrl-T) (Ctrl-X) (Ctrl-C) (Ctrl-Y) (Ctrl-V) (Ctrl-Z) (Ctrl-A) destinations (Print Dialog Box)
1 2 3 4 5 6 7 8 9
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