Cost Budget
Florida Flatwoods Hemarthria (Limpograss) Annual Growing Costs 2003 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 (16-4-8) 2,4			Cwt		4.00	$    9.00	$  36.00
Nitrogen 2,5			Cwt		0.60	$  36.00	$  21.60
Micronutrients 6			Lbs		12.30	$    0.51	$    6.25
Herbicide, Dicamba 7			Qt		0.33	$  21.39	$    7.06
Tractors and Machinery
Spraying			Acre		1.00	$    5.79	$    5.79
Labor			Hour		0.12	$    6.50	$    0.78
Interest on Operating Capital			Dollar		$  72.60	10%	$    7.26
	Total Operating Costs						$  93.48
Ownership Costs
Return to Management			Acre		1.00	$  15.93	$  15.93
Machinery
Discs			Acre		1.00	$    3.02	$    3.02
Plows			Acre		1.00	$    3.83	$    3.83
Sprayer			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	$  39.82	$  39.82
Land Rent			Acre		1.00	$  20.00	$  20.00
	Total Ownership Costs						$  99.68
Total Costs							$193.16
Notes:
1	Dry matter yield expected at 2.5 ton/acre
2	Fertilizer and Dolomite costs include cost of custom spreading
3	Application is based on 1 ton of Dolomite for every four years
	Soil test may indicate the need to lime more or less frequently;
	Apply to 5.5 pH with knowledge that 5.0 is the target pH
4	Apply in February
5	Apply in late Summer or early Fall, 60# of N per acre can be obtained through
	Ammonium Nitrate or Ammonium Sulfate
6	Includes 3# each of elemental Zn, Mn, Cu, and Fe from a sulfate source
	0.3# of B and 5# of S per acre
7	Apply 1qt per acre of Dicamba® every 3 years
					Prepared by:	Tom E Anton, Agricultural Economist
						Scott Smith, Economic Analyst
						Paul Mislevy, Agronomist