Table 3a: NESSON VALLEY IRRIGATED SHEPODY POTATO ENTERPRISE BUDGET
Item Quantity per Acre Unit Price per Unit ($) Value or Cost

per Acre ($)
Gross Returns Shepody Potatoes (200 ac) 312.00 Cwt 5.02 1,566.24
Trucking Allowance 312.00 Cwt 0.75 234.00
         
Variable Costs        
Seed:        
Potato Seed 20.00 cwt 6.00 120.00
Seed Treatment, Transport & Cut 20.00 cwt 1.60 32.00
Fertilizer:        
Pre Plant       54.11
NH4 35.79 lb 0.14 5.01
28-0-0 160.00 lb 0.09 14.40
29-10-13       12.84
Pesticide:        
Roundup 0.13 gal 42.00 5.46
Matrix 1.30 oz 12.50 16.25
Fungicide 8.00 lb 7.61 60.88
Irrigation:        
Irrigation Power       30.00
Other:        
Transportation (Grand Forks Simplot) 321.28 cwt 1.40 449.79
Crop Insurance       30.00
Custom Work:        
Spring, Summer, Fall       310.15
Miscellaneous (Soil Testing, Irrigation Schd.)       7.00
Labor (Sorters, Graders)       45.20
1Interest on Operating Capital (10% for 6 Mos.)       39.70
Total Variable Costs/Acre       1,232.79
Net Returns Above Variable Costs       567.45
         
Fixed Cash Costs        
Property Taxes       5.00
Land Rent/Investment       200.00
Irrigation Lease/Investment       130.00
2Total Cash Fixed Costs/Acre       335.00
         
Non-Cash Fixed Costs (Depreciation)        
3Machinery/Irrigation Equipment       0.00
Total Non-Cash Fixed Costs       0.00
TOTAL COSTS/ACRE       1,567.79
4NET RETURN TO RISK/MANAGEMENT       232.45

1Derived From Estimated 1998 Irrigated Crop Budgets: Western North Dakota. NDSU Ext. Serv.

2Total Cash Fixed Costs are Above North Dakota Irrigated Land Rental Average.

3Depreciation Not Included Because Custom Costs and Irrigated Land Rent Reflect All Costs for Machinery and Irrigation Equipment.

4Net Return to Risk/Management Includes Non-Typical Transportation Revenue & Cost.
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Last modified: August 04, 2003