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Page 30-Com Talk, Lancaater Farming, Saturday, Februtry 11,1995
Corn Contest Posts Results
Pareantaga el llalda raclavlng a aldadraas N fartlllzar application:
Avaraga aldadraas N application; 102 Ibs/A
Percentage of fields reelevlng a row Ineeetlclda:
Previous eroi
corn
alfalfa
soybeans
wheat
1994 Pennsylvania Corn Club Budget Summary
Jayson K. Harper Gregory W. Roth
Assistant Professor of Agricultural Economics Assistant Professor of Agronomy
Crop enterprise budgets are an important farm management tool. Budgets summarize the cost of
producuon and the return: from a giver crop enterprise Budgets can be developed as 1) projections
prior to planting and 2) after harvest to check the economic performance of the crop enterprise. In this
way, budgets can be used to 1) estimate cash flow, 2) provide a basts for credit, 3) assist in farm
planning, and 4) develop least cost feed rations. They can also be used to help indicate possible areas
of inefficiency on your operation. The information contained in these summaries along with farm
specific data can be used to help develop com cost of production projections for the 1995 growing
season. Budgets for other crops on your farm can be developed in a similar manner. Land changes
have not been reported in any of the budget summaries. Because land charges (principal and interest
payments, taxes, rent) are so variable and location specific, the bottom line has been reported in these
summaries as "Returns to Land and Management". When preparing your own budgets, land charges
should be included so that all relevant costs are considered when gauging the performance of the crop
enterprise. The agricultural value of the land should be used railin' than the market value. Market
value includes the "development" or "speculative" value of the land, which the com enterprise should
not be expected to covn.
Table 1 contains statewide budget summaries for com grain. Averages, standard deviations, and
ranges are given for each budget item. The standard deviation and range give us an idea of the
variability of the budget The standard deviation can be used to construct confidence intervals for
the average values. We would expect about 68% of all farmers to fall within ± 1 standard deviation of
the average. 95% to fall within ± 2 standard deviations, and 99.7% to fall within ± 3 standard
deviations. For instance, using the returns to land and management from Table 1, we would expect
68% of the grain fanners to fall between $94.78 and $268.80 per acre. The range gives the lowest and
highest values reported for each budget item. Not enough silage budgets were completed this year to
have a silage cost of production summary.
Due to the small number of producers participating in the budget program this year, summaries by
region, tillage practice, yield level, and soil productivity group were not generated.
€®ll f MM NIWS
(Continued from Pago 29)
60.6%
31.6%
36.0%
40.0%
40%
Binkley & Hurst Bros. Has SSSSLmI
The Early Riser® Compliancy Plan:
'' i|Pi
• v *
' *Nv*
'V
Front Pullod, Equalizing
Oauga Whaals- These
are connected through
a special linkage that
maintains equal pressure
on the gauge wheels at
all times. As one wheel
moves up and over an
obstacle, the other
wheel Is forced down. This equalizing action limits opener
movement to half the height of the obstacle and results in more
uniform depth control and better seed placement. Example If
your customer Is planting two Inches deep and encounters a
2'A Inch root, the equalizing gauge wheels will limit opener
movement to I'/. inches, so the seed is planted In the soil, not
on top of It
Staggered Dice Openera-
Staggered double
openers use the leading
” disc to the
residue and the trailing
disc to open the seed
trench. This design
provides superior cutting
efficiency and penetration
over parallel double disc openers. This design virtually
eliminates the need and costs of add-on coulter attach
ments common to competitive so-called “no-tlir planters.
NOTE: Some competitors have tried to tell your customers thattho furrow firming point compacts
the soil and reduces germination, but this is not true. The furrow firming point' isn't as wide or
deep as the double disc openers that actually open the seed trench. A rolling disc opener
creates a water-wheel effect with the loose soil it's moving. Some of this loose soil falls back
into the just-opened seed trench. The furrow firming point removes this loose soil.
& HURST BROS., INC
'.mi..r* ns,!. 7173 j 26.4705 nSlmaum
Table 1. Grain Budget Sumi
Receipts:
Yield (bu.)
Price ($/bu.)
Deficiency Payment
Variable Costs.
Seed
Fertilizer
Pieplant
Starter
Sidedress
Lime
Herbicide
Insecticide
Machinery Operating
Grain Drying
Custom Hire
Paid Labor
Miscellaneous
Interest on Operating Capdal
Fixed Costs
Machinery Ownership
Breakeven Price ($/bu.)
Breakeven Yield (bu./A')
Now Land C'-arges have not been included in die calculanon* for Breakeven Price or Breakeven Yield
nya. not applicable
(Ready For Delivery)
No Attachments Required
try. Five Acre Corn Club, 1994 Crop Year
Grain Production Budget Summary (32 records)
Standard
Deviation
Averai
32.2
$0.13
$0.15
164.3
$2.25
$0.06
$4.65
$26.39
$16.59
$9.06
$8.77
$7.67
$11.29
$6.03
$19.00
$17.74
$19.91
$9.01
$4.50
$4.16
$25.09
$40.73
50.37
$1.25
25.6
89.0
A Case International 950 The secret s in the design
Early Riser planter is designed The exclusive Cyclo Air
to plant m mulch-till and no-till metering system and Early Riser
fields as well as it does in clean- row-unit together put seed in a
tilled fields precision-controlled environ-
Yet you won t have to add ment which results in fast starts
costly coulters or down-pressure and bigger yields next harvest
springs Plus no matter what Stop by to find out more
the field s tillage condition you II about the Case International
get accurate seed placement 950 Early Riser planters
spacing and depth control for the original conservation
fast complete germination compliance planters
6 Row Planter With Dry
p Fertilizer And Lots Of
> Other Fine Features
HHHnbddMMk*. your customers who
rely on the planter to do
more of the tillage function In reduced tillage operations. They
provide increased service life over standard opener blades
■■■■■■HBBl Furrow-Firming Point -
Any double disc opener
tends leave a
shaped seed trench that
can lead to uneven depth
control, Inaccurate In
row seed spacing and
germination problems.
To ellmlnata these
concerns, the Early Riser row unit uses a furrow firming point to
remove the seed trench *W% and leave a wed-defined “V
trench bottom.
Range
Low
214.0
$2.60
$0.53
76.0
$2.00
$O.OO
$35.00
$14.88
$56.79
$47.50
$30.00
$30.00
$50.00
$lB.OO
$96.53
$50.00
$130.00
$30.00
$lB.OO
$24.62
$105.37
$O.OO
$1.99
$0.74
158 4
47.2
* Earth Metal* Opener
IH| Blades - Earth Metal
blades are known lor
their superior wear
H M characteristics and
U strength. This Is
especially Important to