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| Cost Budget | |||||||||
| Florida Flatwoods Bahiagrass Annual Growing Costs, 2003 1 | 1 acre | ||||||||
| Item | Unit | Quantity | Price | Value | Your Farm | ||||
| Operating Costs | |||||||||
| Dolomite 2,3 | Ton | 0.20 | $ 35.00 | $ 7.00 | |||||
| Nitrogen 3,4,5 | Cwt | 1.00 | $ 36.00 | $ 36.00 | |||||
| Herbicide 6 | Quart | 0.75 | $ 6.13 | $ 4.60 | |||||
| Tractors and Machinery | Acre | 1.00 | $ 8.14 | $ 8.14 | |||||
| Labor | Hour | 0.12 | $ 6.50 | $ 0.78 | |||||
| Interest on Operating Capital | Dollar | $ 43.00 | 10% | $ 4.30 | |||||
| Total Operating Costs | $ 60.82 | ||||||||
| Ownership Costs | |||||||||
| Return to Management | Acre | 1.00 | $ 6.85 | $ 6.85 | |||||
| Machinery | |||||||||
| Sprayer | Acre | 1.00 | $ 0.66 | $ 0.66 | |||||
| Tractors | |||||||||
| 60-80 hp | Acre | 1.00 | $ 1.36 | $ 1.36 | |||||
| Overhead | Acre | 1.00 | $ 17.12 | $ 17.12 | |||||
| Land Rent | Acre | 1.00 | $ 20.00 | $ 20.00 | |||||
| Total Ownership Costs | $ 45.99 | ||||||||
| Total Costs | $ 106.81 | ||||||||
| Notes: | |||||||||
| 1 | Dry matter yield in post-establishment years expected at 5 tons/acre | ||||||||
| 2 | Based on application of 1 ton/acre every 5 years | ||||||||
| Soil test may indicate the need to lime more or less frequently; | |||||||||
| Bring to a pH of 5.5 with knowledge that 5.0 is the target. | |||||||||
| 3 | Fertilizer and dolomite costs include custom spreading | ||||||||
| 4 | 50# of N/acre applied in February, 50# of N/acre applied in late August | ||||||||
| 5 | Can be obtained from Ammonium Nitrate or Ammonium Sulfate | ||||||||
| 6 | 1.5 quart per acre of Weedmaster® every 2 years | ||||||||
| Note: | If a mixed fertilizer is used containing N, then 2.0 lb/acre of elemental Fe | ||||||||
| (sulfate form) should be used annually. | |||||||||
| Prepared by: | Tom E Anton, Agricultural Economist | ||||||||
| Scott Smith, Economic Analyst | |||||||||
| Paul Mislevy, Agronomist | |||||||||