Cost Budget      
                 
                 
                 
Florida Flatwoods Stargrass, Bermudagrass 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 (16-8-16) 2,4 Cwt   4.00  $  11.00  $  44.00  
  Nitrogen 2,5   Cwt   1.00  $  36.00  $  36.00  
  Micronutrients 6   Lbs   8.20  $    0.51  $    4.17  
  Herbicide 7   Quarts   0.75  $    6.13  $    4.60  
  Tractors and Machinery            
         Spraying   Acre   1.00  $    8.41  $    8.41  
  Labor     Hour   0.12  $    6.50  $    0.78  
 Interest on Operating Capital Dollar    $  92.92 10%  $    9.29  
  Total Operating Costs        $116.00  
                 
Ownership Costs              
  Return to Management Acre   1.00  $  26.40  $  26.40  
  Machinery              
        Discs   Acre   1.00  $    3.02  $    3.02  
        Plows   Acre   1.00  $    3.83  $    3.83  
        Mowers   Acre   1.00  $    2.86  $    2.86  
        Spreader   Acre   1.00  $    0.66  $    0.66  
  Tractors                
        60-80 hp   Acre   1.00  $    1.95  $    1.95  
        100+ hp   Acre   1.00  $  15.75  $  15.75  
  Overhead   Acre   1.00  $  66.00  $  66.00  
  Land Rent   Acre   1.00  $  20.00  $  20.00  
  Total Ownership Costs        $140.47  
                 
Total Costs            $256.47  
                 
                 
Notes:                
1   Dry matter yield expected at 2.5 ton/acre        
2   Fertilizer and dolomite costs include  custom spreading      
3   Application is based on application of 1 ton of dolomite for every four years  
        Soil test may indicate the need to lime more or less frequently; target pH is 5.5  
4   Apply in early February            
5   Apply in June, 50# of N per acre, Apply in September, 50# of N per acre     
        can be obtained through 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   1.5 quart per acre of Weedmaster® every 2 years      
          Prepared by: Tom E Anton, Agricultural Economist
            Scott Smith, Economic Analyst
            Paul Mislevy, Agronomist