Cost and Returns Budget for Straight Seeded Creeping Red Fescue

 
 
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 Assumptions | Price and production sensitivity

This budget estimates the direct income and expenses over the life of a creeping red fescue stand, on one acre of creeping red fescue. These numbers are only intended to assist producers in evaluating the basic financial requirements over this period.

The Budget Margin must provide funds for interest, overhead and other indirect expenses as well as a return for living, loan repayment and investment. A total farm financial analysis should be completed to determine the impact of this enterprise on the total farm business.

Assumptions

The following assumptions for field operations were assumed in deriving these costs:

Year 1 - Establishment
Prev. fall
1.
Pre-harvest glyphosate for perennial weed control
May
2.
HD and a light duty cultivation
3.
Seed fescue (with grass seed attachment on drill)
4.
Harrow pack
June
5.
Spray 2,4-D/Banvel
6.
Spray Poast
Aug/Sept
7.
Mow
8.
Broadcast fertilizer
Year 2 - Production
May
1.
Spray Ally/Venture
July
2.
Swath
Aug
3.
Combine/truck/augers
4.
Bale (zero net cost)
(Assumption that returns for baling aftermath will cover costs.)
Sept
5.
Mow
Oct
6.
Broadcast fertilizer

Year 3 - Production
May
1.
Spray Refine Extra/Assure
July
2.
Swath
Aug
3.
Combine/truck/augers
4.
Bale (zero net cost)

Year 4 - Rejuvenate (field is either rotated back to annual crops or rejuvenated)
May
1.
Plow
2.
Roll
3.
Float
Aug
4.
Spray Banvel/2,4-D
5.
Mow
Oct
6.
Broadcast fertilizer

Year 5 - Production
May
1.
Spray Ally/Venture
July
2.
Swath
Aug
3.
Combine/truck/augers
4.
Bale (zero net cost)
Sept
5.
Mow
Oct
6.
Broadcast fertilizer

Year 6 - Production
May
1.
Spray Refine Extra/Assure
July
2.
Swath
Aug
3.
Combine/truck/augers
4.
Bale (zero net cost)
Sept
5.
Plow

Price and Production Sensitivity

The following table shows the impact on Budget Margin in the established stand (Year 5) resulting from a change in projected market returns and yields.

Table 1. Price and yield sensitivity

Certified seed usually commands a $.05/lb premium over common, but overall price levels depend on the American and European grass seed market.



This information is provided as a guideline only. Projected yields indicate above average production. An individual crop plan should be developed by each producer. Planning forms may be obtained from your local Government Agriculture Office in Alberta or British Columbia.

Prepared by:
Calvin Yoder - Forage Specialist, Spirit River
George Monner - Farm Management Specialist, Fairview

Source: Agdex 127/821-3. February 2001.

 
 
 
 
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This information published to the web on February 1, 2001.