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| Cost Budget | |||||||||
| Florida Flatwoods Bahiagrass Establishment Costs, 2003 | 1 acre | ||||||||
| On Previously Established Flatwoods 1 | |||||||||
| Item | Unit | Quantity | Price | Value | Your Farm | ||||
| Operating Costs | |||||||||
| Dolomite 2,3 | Ton | 0.20 | $ 35.00 | $ 7.00 | |||||
| Pensacola Bahiagrass Seed 4 | Lbs | 35.00 | $ 1.00 | $ 35.00 | |||||
| N-P2O5-K2O (16-8-16) 5 | Cwt | 4.00 | $ 11.00 | $ 44.00 | |||||
| Micronutrients 6 | Lbs | 6.15 | $ 0.51 | $ 3.12 | |||||
| Tractors and Machinery | |||||||||
| Plowing | Acre | 1.00 | $ 29.50 | $ 29.50 | |||||
| Disking 7 | Acre | 1.00 | $ 28.85 | $ 28.85 | |||||
| Seeding | Acre | 1.00 | $ 8.00 | $ 8.00 | |||||
| Mowing 8 | Acre | 1.00 | $ 12.48 | $ 12.48 | |||||
| Labor | Hour | 3.71 | $ 6.50 | $ 24.12 | |||||
| Interest on Operating Capital | Dollar | $ 86.00 | 10% | $ 8.60 | |||||
| Total Operating Costs | $ 200.67 | ||||||||
| Ownership Costs | |||||||||
| Return to Management | Acre | 1.00 | $ 22.93 | $ 22.93 | |||||
| Machinery | |||||||||
| Discs | Acre | 1.00 | $ 3.02 | $ 3.02 | |||||
| Plows | Acre | 1.00 | $ 3.83 | $ 3.83 | |||||
| Mowers | Acre | 1.00 | $ 1.43 | $ 1.43 | |||||
| Seeders | Acre | 1.00 | $ 0.66 | $ 0.66 | |||||
| Tractors | |||||||||
| 60-80 hp | Acre | 1.00 | $ 1.36 | $ 1.36 | |||||
| 100+ hp | Acre | 1.00 | $ 14.47 | $ 14.47 | |||||
| Overhead | Acre | 1.00 | $ 57.32 | $ 57.32 | |||||
| Land Rent | Acre | 1.00 | $ 20.00 | $ 20.00 | |||||
| Total Ownership Costs | $ 125.02 | ||||||||
| Total Costs | $ 325.69 | ||||||||
| Notes: | |||||||||
| 1 | Dry matter yield in establishment year expected at 0.5 ton/acre | ||||||||
| Soil test may indicate the need to lime more or less frequently; | |||||||||
| Lime to a pH of 5.5 with knowledge that pH of 5.0 is target | |||||||||
| 2 | Based on application of 1 ton/acre every 5 years | ||||||||
| 3 | Fertilizer and dolomite costs include custom spreading | ||||||||
| 4 | Seed application to produce a good stand in 90 days | ||||||||
| 5 | Split application 200# applied 30 days after seeding, 200# applied 60 days after seeding | ||||||||
| 6 | Includes 1.5 # each of elemental Zn, Mn, Cu, Fe from a sulfate source; | ||||||||
| 0.15# B and 5# S per acre | |||||||||
| 7 | 4 times at 2 week intervals following plowing | ||||||||
| 8 | 2 times to control weeds; weeds are mowed at 6-8" height back to 2" height | ||||||||
| Prepared by: | Tom E Anton, Agricultural Economist | ||||||||
| Scott Smith, Economic Analyst | |||||||||
| Paul Mislevy, Agronomist | |||||||||