| SWEET CORN, FRESH MARKET, Overhead Irrigated | ||||||||||
| Kentucky Estimated per Acre Costs and Returns for 2001 | ||||||||||
| Quantity | Unit | $/Unit | Total | |||||||
| GROSS RETURNS | ||||||||||
| Sweet Corn (Crate) | 340 | crate | $ 5.50 | $1,870.00 | a,b | |||||
| VARIABLE COSTS | ||||||||||
| Production | ||||||||||
| Seed | 15 | lb | $ 6.00 | $ 90.00 | ||||||
| Lime | 0.5 | ton | $ 12.12 | $ 6.06 | ||||||
| Fertilizer: 10-10-10 Spread | 8 | cwt | $ 6.65 | $ 53.23 | ||||||
| Fertilizer: Side Dressing 33.5%N | 1.5 | cwt | $ 12.50 | $ 18.75 | ||||||
| Herbicide | 4 | qts | $ 5.85 | $ 22.72 | c | |||||
| Insecticides | 9 | apps. | $ 149.98 | c | ||||||
| Fungicide | 4 | oz | $ 2.66 | $ 10.65 | ||||||
| Irrigation | 8 | hrs | $ 7.50 | $ 80.00 | f | |||||
| Machinery Variable Costs | 1 | acre | $ 29.97 | $ 29.97 | d | |||||
| Total Preharvest Variable Costs | $ 461.35 | |||||||||
| HARVESTING AND MARKETING | ||||||||||
| Crates | 340 | crates | $ 1.45 | $ 493.00 | ||||||
| Hired Labor | ||||||||||
| Harvest & Pack | $ 1.30 | crate | $ 442.00 | e | ||||||
| Misc. Harvest Labor | 2.50 | hrs | $ 8.00 | $ 20.00 | ||||||
| Marketing Costs (10% of Gross) | 10.0% | gross | $ 187.00 | |||||||
| Hauling Variable Costs | 340 | crates | $ 0.08 | $ 27.20 | ||||||
| Total Harvesting and Marketing Cost | $1,169.20 | |||||||||
| Interest on Variable Costs | $ 47.07 | |||||||||
| TOTAL VARIABLE COST | $1,677.62 | |||||||||
| RETURN ABOVE VARIABLE COSTS | $ 192.38 | |||||||||
| FIXED COSTS | ||||||||||
| Machinery and Equipment | $ 73.35 | d | ||||||||
| Depreciation on Irrigation System | $ 175.00 | |||||||||
| Taxes on Land | $ 5.00 | |||||||||
| Insurance | $ 28.05 | |||||||||
| TOTAL FIXED COSTS | $ 281.40 | |||||||||
| TOTAL EXPENSES | $1,959.02 | |||||||||
| RETURN TO OPERATOR LABOR, LAND, CAPITAL, & MGT. | $ (89.02) | |||||||||
| Operator and Unpaid Family Labor | 20 | hrs. | $ 8.00 | $ 160.00 | ||||||
| RETURN TO LAND, CAPITAL, AND MANAGEMENT | $ (249.02) | |||||||||
| a Average Yield for US was 112 cwt per acre in 1999. | ||||||||||
| b Price based on USDA season average price received by producers 1994-99 average $17.50/cwt and seasonal terminal market price trends from Atlanta, Detroit, and St. Louis. | ||||||||||
| c Pesticide costs based on recommended applications of various products using 2000 UK product costs | ||||||||||
| d Machinery costs based on 2000 Iowa State estimated machinery costs adjusted to Kentucky and vegetable production | ||||||||||
| e Based on NC State Budgets with revisions by Kentucky vegetable experts. 1996 NC State total for harvest/pack: $1.10/crate | ||||||||||
| f Irrigation costs assume on-farm water source. Costs may vary considerably by irrigation system and water source. | ||||||||||