| TOMATOES, STAKED: FRESH MARKET, TRICKLE IRRIGATED | ||||||
| Kentucky Estimated per Acre Costs and Returns for 2001 | ||||||
| Quantity | Unit | $/Unit | Total | |||
| GROSS RETURNS | ||||||
| Tomatoes (25# box) | 1600 | box | $ 8.00 | $ 12,800.00 | a,b | |
| VARIABLE COSTS | ||||||
| Production | ||||||
| Plants | 4.5 | 1000 | $ 90.00 | $ 405.00 | ||
| Lime | 0.5 | ton | $ 12.12 | $ 6.06 | ||
| Transplant Labor | 15 | hours | $ 8.00 | $ 120.00 | ||
| Fertilizer: 10-20-20 | 12 | cwt | $ 8.50 | $ 102.00 | ||
| Fertilizer: Starter | 2 | cwt | $ 12.50 | $ 25.00 | ||
| Fertilizer: Ammonium Nitrate | 30 | lb | $ 0.09 | $ 2.63 | ||
| Black Plastic/Drip Lines | 1 | acre | $ 300.00 | $ 300.00 | d | |
| Stakes & Twine | 1 | acre | $ 115.00 | $ 115.00 | c | |
| Herbicides (row middles only) | 1 | acre | $ 39.88 | e | ||
| Insecticides | 5 | apps. | $ 89.73 | e | ||
| Fungicides | 6 | apps. | $ 130.45 | e | ||
| Irrigation | 90 | hrs. | $ 0.40 | $ 36.00 | c | |
| Machinery Variable Costs | 1 | acre | $ 45.46 | $ 45.46 | f | |
| Total Preharvest Variable Costs | $ 1,417.20 | |||||
| HARVESTING AND MARKETING | ||||||
| Boxes | 1600 | boxes | $ 1.00 | $ 1,600.00 | ||
| Trays | 50 | each | $ 2.25 | $ 112.50 | ||
| Plastic Disposal | 18 | hours | $ 8.00 | $ 144.00 | ||
| Plastic Disposal Fee | 1 | fee | $ 10.00 | $ 10.00 | ||
| Hired Labor | ||||||
| Harvest | $ 1.65 | box | $ 2,640.00 | g | ||
| Grade/Pack | $ 0.65 | box | $ 1,040.00 | g | ||
| Marketing Costs (10% of Gross) | 10.0% | gross | $ 1,280.00 | |||
| Hauling Variable Costs | 1600 | boxes | $ 0.05 | $ 80.00 | f | |
| Total Harvesting and Marketing Cost | $ 6,906.50 | |||||
| Interest on Variable Costs | $ 219.17 | |||||
| TOTAL VARIABLE COST | $ 8,542.87 | |||||
| RETURN ABOVE VARIABLE COSTS | $ 4,257.13 | |||||
| FIXED COSTS | ||||||
| Machinery and Equipment | $ 155.59 | f | ||||
| Depreciation on Irrigation System | $ 159.94 | c | ||||
| Taxes on Land | $ 5.00 | |||||
| Insurance | $ 64.00 | |||||
| TOTAL FIXED COSTS | $ 384.53 | |||||
| TOTAL EXPENSES | $ 8,927.41 | |||||
| RETURN TO OPERATOR LABOR, LAND, CAPITAL, & MGT. | $ 3,872.59 | |||||
| Operator and Unpaid Family Labor | 220 | hrs. | $ 8.00 | $ 1,760.00 | ||
| RETURN TO LAND, CAPITAL, AND MANAGEMENT | $ 2,112.59 | |||||
| a Average Yield for US was 270 cwt (about 1080 boxes) per acre for all tomatoes from 1992-1999. | ||||||
| b Price based on USDA season average price received by producers June-Aug for 1994-99 at $27.74/cwt and monthly trends | ||||||
| in 1998-99 Atlanta, Detroit, and St. Louis terminal market averages. | ||||||
| c Reflects 3-year amortized cost for stakes and twine. First year expense will be in the $225 range | ||||||
| d 2000 UK estimate for trickle irrigation. Based on $1244 fixed costs, st. line depreciation, 7-year useful life | ||||||
| e Pesticide costs based on recommended applications of various products using 1999 UK product costs | ||||||
| f Machinery costs based on 1996 NC State standards used in tomato budget and 1999 Iowa State estimated machinery costs | ||||||
| g Based on NC State Budgets with revisions by Kentucky vegetable experts. 1996 NC State total for harvest/pack: $2.50/box | ||||||