Table 3b: NESSON VALLEY IRRIGATED BURBANK POTATO ENTERPRISE BUDGET
Item Quantity

per Acre

Unit Price per

Unit ($)

Value or Cost perAcre ($)
Gross Returns Burbank Potatoes (133 ac) 300.00 cwt 4.30 1,290.00
Trucking Allowance 300.00 cwt 0.75 225.00
         
Variable Costs        
Seed:        
Potato Seed 20.00 cwt 8.00 160.00
Seed Treatment, Transport & Cut 20.00 cwt 2.50 50.00
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:        
Ridomil        
Roundup 0.13 gal 42.00 5.46
Matrix 1.30 oz 12.50 16.25
Fungicide 10.46 lb 7.61 79.60
Irrigation:        
Irrigation Power       30.00
Other:        
Transportation (Grand Forks Simplot) 325.67 cwt 1.40 455.94
Crop Insurance       30.00
Custom Work:        
Spring, Summer, Fall       317.44
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       1,322.95
Net Returns Above Variable Costs       192.05
         
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       1,657.95
4NET RETURN TO RISK/MANAGEMENT       (142.95)

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 Cost.

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Last modified: August 04, 2003