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| Cost Budget | |||||||||
| Florida Flatwoods Hemarthria (Limpograss) Establishment Costs, 2003 | |||||||||
| On Native Flatwoods 1 | 1 acre | ||||||||
| Item | Unit | Quantity | Price | Value | Your Farm | ||||
| Operating Costs | |||||||||
| Custom Stump Removal | Acre | 1.00 | $ 400.00 | $ 400.00 | |||||
| Dolomite 2,3 | Ton | 2.00 | $ 35.00 | $ 70.00 | |||||
| N-P2O5-K2O (16-8-16) 2,4 | Cwt | 3.00 | $ 11.00 | $ 33.00 | |||||
| Nitrogen 2,5 | Cwt | 0.50 | $ 36.00 | $ 18.00 | |||||
| Micronutrients 6 | Lbs | 12.30 | $ 0.51 | $ 6.25 | |||||
| Planting 7 | Acre | 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 | 1.01 | $ 6.50 | $ 6.57 | |||||
| Interest on Operating Capital | Dollar | $ 624.65 | 10% | $ 62.46 | |||||
| Total Operating Costs | $ 761.99 | ||||||||
| Ownership Costs | |||||||||
| Return to Management | Acre | 1.00 | $ 75.04 | $ 75.04 | |||||
| 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 | $ 187.61 | $ 187.61 | |||||
| Land Rent | Acre | 1.00 | $ 20.00 | $ 20.00 | |||||
| Total Ownership Costs | $ 231.54 | ||||||||
| Total Costs | $ 993.53 | ||||||||
| Notes: | |||||||||
| 1 | Dry matter yield in establishment year expected at 2.5 ton/acre | ||||||||
| 2 | Fertilizer and dolomite costs include custom spreading | ||||||||
| 3 | Apply in a split application with soil incorporation following each application. | ||||||||
| Apply to a pH of 5.5 with knowledge that 5.0 is the target pH | |||||||||
| 4 | 7 days after planting or at plant emergence | ||||||||
| 5 | 35 days after planting. 50# of N can be obtain thru 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 | |||||||||
| 7 | Cost of vegetative planting includes the cost of plant material and planting crew. | ||||||||
| 8 | Use 0.75 # 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 | |||||||||