SmartForm - Costs and Returns Per Acre

Directions: To calculate your net return per acre, first select the production method and crop type below. Then enter the price and quantities for each item listed. You may skip items which are not applicalble to your operation. Please be sure to enter all information on a per acre basis. Your net return per acre will be calculated automatically. When you are satisfied that your entries are correct, you may print the form for your reference.

ITEM	TYPE	UNIT	PRICE	QUANTITY	TOTAL
PRODUCTION METHOD
RECEIPTS			$		$
VARIABLE COSTS
Custom	Soil Test	acre	$		$
	Apply Calcium Lime	ton	$		$
Fertilizer	N	lb	$		$
	P	lb	$		$
	K	lb	$		$
Soil Amendments			$		$
			$		$
			$		$
Herbicides			$		$
			$		$
			$		$
			$		$
			$		$
			$		$
Fungicides			$		$
			$		$
			$		$
			$		$
			$		$
			$		$
Pesticides			$		$
			$		$
			$		$
			$		$
			$		$
			$		$
Other			$		$
			$		$
			$		$
			$		$
			$		$
			$		$
Labor	Operator	hr	$		$
	Regular Hired	hr	$		$
	Seasonal Labor	hr	$		$
Fuel	Regular	gallon	$		$
	Diesel	gallon	$		$
Irrigation	Installation Cost	acre	$		$
	Operating Cost	acre	$		$
Repair & Maintenance	Tractors	acre	$		$
	Implements	acre	$		$
Marketing Costs	Picking Crates	crate	$		$
	Packing Boxes	box	$		$
	Packaging		$		$
	Cool Storage		$		$
	Selling Charges		$		$
VARIABLE COST SUB-TOTAL					$
Interest on Operating Capital	See Note 1	acre	%	1	$
TOTAL VARIABLE COSTS					$
RETURNS ABOVE VARIABLE COSTS					$
FIXED COSTS	Tractors	acre	$	1	$
	Equipment	acre	$	1	$
	Implements	acre	$	1	$
	Land Charge	acre	$	1	$
	Pre-Production Cost Allocation	acre	$	1	$
TOTAL FIXED COSTS					$
TOTAL FIXED & VARIABLE COSTS					$
Management Fees	See Note 2		7%		$
TOTAL COSTS					$
NET RETURNS		acre			$

Calculation Assumptions:

Note 1: Interest on Operating Capital = (Variable Cost Sub Total) x Interest x .29
Note 2: Management Fee = (Total Fixed + Variable Costs - Land Charge) x .07