Cost and Returns Budget for Irrigated Perennial Ryegrass - Underseeded to Durum Wheat

 
 
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 Assumptions | Price and production sensitivity

This budget estimates the direct income and expenses over the life of a perennial ryegrass stand on one acre underseeded to durum wheat. These numbers are 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 and timing for field operations were assumed in deriving these costs:

Year 1 - Establishment and Underseeding to Durum Wheat
Prev. fall
1.
Roundup for perennial weed control and apply fertilizer for wheat
May
2.
Cultivate and prepare field for wheat seed
3.
Seed wheat/perennial ryegrass (with grass seed attachment on drill with precision depth adjustment)
June
4.
Spray Puma Super, Assert 300 or 2,4-D on wheat
May/Aug
5.
Irrigate as needed for wheat (8 to 9 inches for year)
Aug/Sept
6.
Swath wheat
7.
Combine/truck/auger
Sept
8.
Bale aftermath
Sept/Oct
9.
Irrigate
Oct/Nov
10.
Apply 34-0-0 to provide 100 lb/ac of N
Year 2 - Production
May
1.
Spray 2,4-D or MCPA
June/July
2.
Rogue
May/July
3.
Irrigate (5 to 7 inches for year)
July/Aug
4.
Swath (disc bind) perennial ryegrass
Aug
5.
Combine/truck/auger
6.
Bale
Sept/Oct
7.
Breakup stand - apply Roundup, plow and disc 2 to 3 times and heavy harrow.

Price and Production Sensitivity

The following table shows the impact on the budget margin in the established stand resulting from a change in projected market returns and yields. Certified seed usually commands a premium over common, but overall price levels depend on the American and European grass seed market.

Table 1. Price and yield sensitivity


Table 2. Per acre costs and returns for irrigated perennial ryegrass underseeded to durum wheat


This information is provided as a guideline only. Projected yields indicate above average production. An individual crop plan should be developed by each producer.

Prepared by:
Henry Najda - Grass Seed Agronomist, Brooks
Calvin Yoder - Forage Specialist, Spirit River
George Monner - Farm Management Specialist, Fairview

Source: Agdex127/821-5. April 2001.
 
 
 
 
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This information published to the web on April 1, 2001.