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| Cost Budget | |||||||||
| Florida Flatwoods Hemarthria (Limpograss) Establishment Costs, 2003 | |||||||||
| On Previously Established Flatwoods 1 | 1 acre | ||||||||
| Item | Unit | Quantity | Price | Value | Your Farm | ||||
| Operating Costs | |||||||||
| Dolomite 2,3 | Ton | 0.25 | $ 35.00 | $ 8.75 | |||||
| N-P2O5-K2O (16-8-16) 2,4 | Cwt | 2.50 | $ 11.00 | $ 27.50 | |||||
| Nitrogen 2,5 | Cwt | 0.50 | $ 36.00 | $ 18.00 | |||||
| Micronutrients 6 | Lbs | 8.20 | $ 0.51 | $ 4.17 | |||||
| Vegetative Planting 7 | Acres | 1.00 | $ 81.25 | $ 81.25 | |||||
| Herbicide 8 | Gal | 0.19 | $ 85.00 | $ 16.15 | |||||
| Tractors and Machinery | |||||||||
| Disc 9 | Acre | 1.00 | $ 29.72 | $ 29.72 | |||||
| Plowing | Acre | 1.00 | $ 30.32 | $ 30.32 | |||||
| Spraying | Acre | 1.00 | $ 8.28 | $ 8.28 | |||||
| Labor | Hour | 3.71 | $ 6.50 | $ 24.12 | |||||
| Interest on Operating Capital | Dollar | $ 155.82 | 10% | $ 15.58 | |||||
| Total Operating Costs | $ 263.83 | ||||||||
| Ownership Costs | |||||||||
| Return to Management | Acre | 1.00 | $ 32.75 | $ 32.75 | |||||
| Machinery | |||||||||
| Discs | Acre | 1.00 | $ 3.02 | $ 3.02 | |||||
| Plows | Acre | 1.00 | $ 3.83 | $ 3.83 | |||||
| Sprayers | Acre | 1.00 | $ 0.66 | $ 0.66 | |||||
| Tractors | |||||||||
| 60-80 hp | Acre | 1.00 | $ 1.95 | $ 1.95 | |||||
| 100+ hp | Acre | 1.00 | $ 14.47 | $ 14.47 | |||||
| Overhead | Acre | 1.00 | $ 81.87 | $ 81.87 | |||||
| Land Rent | Acre | 1.00 | $ 20.00 | $ 20.00 | |||||
| Total Ownership Costs | $ 158.55 | ||||||||
| Total Costs | $ 422.38 | ||||||||
| Notes: | |||||||||
| 1 | Dry matter yield in establishment year expected at 2.5 ton/acre | ||||||||
| 2 | Fertilizer and dolomite costs include custom spreading | ||||||||
| 3 | Apply during seed bed preparation and soil incorporate at least 2-3 months prior to planting. | ||||||||
| Apply 1 ton per acre every four years; Apply to 5.5 pH with knowledge 5.0 is target pH | |||||||||
| 4 | 7-10 days after planting or at plant emergence | ||||||||
| 5 | 35 days after planting. 50# of N can be obtained thru Ammonium Nitrate | ||||||||
| or Ammonium Sulfate | |||||||||
| 6 | Includes 2# each of elemental Zn, Mn, Cu, and Fe from a sulfate source | ||||||||
| 0.2# of B and 5# of S | |||||||||
| 7 | Cost of vegetative planting includes the cost of plant material and planting crew. | ||||||||
| 8 | Use 0.75 lb per acre active Banvel® 7-10 days after planting | ||||||||
| or at plant emergence. | |||||||||
| 9 | Disk 3-4 times in preparation of seed bed | ||||||||
| Prepared by: | Tom E Anton, Agricultural Economist | ||||||||
| Scott Smith, Economic Analyst | |||||||||
| Paul Mislevy, Agronomist | |||||||||