Projected Costs and Returns Crop Enterprise Budgets for Sweet Potato Production in Louisia ana, 2017 Kurt Guidry, Tara Smith, and Myrl Sistrunk

Transcription

1 Projected Costs and Returns Crop Enterprise Budgets for Sweet Potato Production in Louisiana, 2017 Kurt Guidry, Tara Smith, and Myrl Sistrunk Department of Agricultural Economics & Agribusinesss Louisianaa State University Agricultural Center

2 Table of Contents PAGE Introduction.. 1 Procedure.. 1 Expected Crop Yields and Market Prices.. 2 Direct Production Costs.. 2 Farm Machinery Costs.. 3 Overhead Costs.. 3 Land and Management Costs.. 3 Acknowledgements.. 3 Sweet Potato Enterprise Budgets: Table 1 Sweet Potato Mother Beds. 4 2 Sweet Potato Production Acres, 2 Row Harvester. 6 3 Sweet Potato Production Acres, Shaker Harvester with Bucket Crew. 9 4 Sweet Potato Production Acres, Bulk Harvester, No Storage. 12 Appendices: App. Table 1 Tractors, Performance Rates and Costs, Louisiana, Self propelled, Performance Rates and Costs, Louisiana, Implements, Performance Rates and Costs, Louisiana, Operating Inputs, Estimated Prices, Louisiana Estimated Costs Per Acre, Furrow, 9 applied, Louisiana, Estimated Costs Per Acre, Center Pivot, 6 applied, Louisiana, i

3 Staff Report No January 2017 Projected Costs and Returns Crop Enterprise Budgets for Sweet Potato Production in Louisiana, 2017 By Kurt Guidry, Tara Smith, and Mryl Sistrunk 1 1 Professor, Department of Agricultural Economics and Agribusiness, LSU Agricultural Center, Baton Rouge, LA; Regional Director, Northeast Region, LSU Agricultural Center, Winnsboro, LA; and Extension Associate, Sweet Potato Research Station, LSU Agricultural Center, Chase, LA. Introduction This publication presents estimates of projected costs and returns for sweet potato production in Louisiana for the 2017 crop year. Producers are annually faced with critical management decisions that impact the employment of production inputs for various crop enterprises and the combination of crops that will be assembled into a cropping system. The need for reliable information is crucial if sound production decisions are to be made. Planning information plays a pivotal role in the development of annual crop production plans by producers and is important in supporting their efforts to secure the necessary resources to carry out their plans. In addition, information regarding production alternatives and costs and returns for major crop enterprises is needed by extension personnel, researchers, lending institutions, and others involved in agriculture or agribusiness. The purpose of this report is to provide planning information regarding crop production costs and potential market returns for the 2017 crop year. Crop enterprise budgets in this report are presented in two budget formats. The first budget format (Table A) is a summary of costs for the crop enterprise. The second budget format (Table B) 1 provides the sequence of production activities and operations assumed to be conducted by the producer throughout the planting, growing, and harvest seasons. For each activity, the table provides the equipment and implements used, the month of operation, the amount of labor required, the amount of machine time required, and any inputs used. Labor costs, input costs, custom application/service costs, and direct and fixed costs for tractors and equipment are included for each activity. All costs are summed to provide an estimate of the total cost per activity. In addition, projected returns at various yield and price levels are provided in subsequent tables (Tables C through E). Procedure The general procedure used in this study was to project machinery and other input price data and apply these data to the production practice data for crop enterprises produced in Louisiana. Input prices were obtained through a combination of surveying farm input and service suppliers and collecting price data available through the Mississippi State Budget Generator Program. This input price data forms the basis for estimating 2017 planning budgets. Machinery and other input

4 cost data are presented in the Appendix of this report. The budgets included in this report represent the most common production and harvest strategies being employed by commercial sweet potato producers in Louisiana. All budgets are categorized by per acre total direct expenses and per acre total fixed expenses for a production season. Within these two broad categories, the various inputs are itemized with their respective costs. Although a particular enterprise budget is presented on a per acre basis, some individual cost items are specified on an hourly or price per unit basis. Direct expenses include such cost items as seed, fertilizer, chemicals, fuel, labor, repairs, and irrigation. Fixed expenses include such items as depreciation and interest on investment which are generally incurred during the production period. The budgets included in this report were developed using the same computational procedures as utilized by the Mississippi State Budget Generator Program and as used by the LSU AgCenter in developing budgets for other row crop commodities. The Mississippi State Budget Generator provides a standard format for crop and livestock budgets and the computational procedures utilized are widely accepted for estimating projected commodity costs for planning purposes. Expected Crop Yields and Market Prices Projected crop enterprise budgets in this report include a calculation of expected market returns for the crop. Market returns are based on assumptions about market prices and crop yields. Projected crop yields were based on conversations with producers and LSU AgCenter sweet potato production specialist regarding their expectations for expected yields given normal weather 2 conditions. Projected market prices were also developed based on conversations with industry personnel regarding current and projected price movement. No estimate of income from farm program participation or crop insurance is included in these budgets due to the wide variety of farm program and crop insurance choices available to producers. Direct Production Costs Direct or variable production costs were estimated based on a specific set of production activities assumed conducted throughout the production period. These set of production activities were identified through meetings with producers and LSU AgCenter sweet production specialist. These production strategies represent the most commonly utilized strategies in the production of sweet potatoes in Louisiana. Costs associated with conducting these activities are estimated using input price data collected through industry surveys and from the Mississippi State Budget Generator Program. Herbicide, fertilizer, and insecticide expenditures for each enterprise budget are based upon the types of chemicals producers generally reported using for that situation. Suggested prices for selected farm inputs and custom application rates are presented in the appendix. Hired labor was charged at $13.65 per hour for all classes of labor. This wage rate includes a basic wage rate set at the adverse wage rate for Louisiana ($10.69 per hour) plus additional costs for social security, Medicare, and workman s compensation (an additional 26.75%). While farm labor may not be generally available on an hourly basis, any hourly charge represents a practical method for charging labor to the respective crop enterprises on a per acre basis.

5 Interest on operating capital (short term) was charged at a nominal rate of 4.75% per year. Operating capital was assumed to be borrowed in a manner consistent with the timely acquisition of inputs. Fuel price for diesel was set at $1.85 per gallon. Variable costs for tractors, self propelled machinery, and irrigation machinery include the cost of fuel, lubrication, and repair. The intermediate interest rate was charged at an historical real rate of 5.00%. The reasoning behind the difference in short and intermediate term rates is that longer term nominal rates are highly variable and closely follow the trend set by the rate of inflation. Intermediate interest rates above the real rate of interest can overstate true interest costs because they overlook the value gained by an asset due solely to inflation. Farm Machinery Costs Machinery cost data were obtained from a combination of a survey of machinery dealers and data available through the Mississippi State Budget Generator Program. For specialized machinery for sweet potato production, cost data were obtained through communication with producers and LSU AgCenter sweet potato production specialist. New machinery prices were used to reflect the economic cost of acquiring and maintaining capital assets in current dollar values. Purchase prices for power and machinery items included in this report are presented in the appendix. Other data included in the appendix indicate hours of annual use and years of life for each selected machinery item. Fuel consumption, salvage value, accumulated repair costs and other machinery performance data are based on ASAE standards. Machinery fixed costs are calculated using the capital recovery method which includes estimates of both annual depreciation and interest on investment. Overhead Costs Overhead costs reflect significant expenses associated with the operation of the entire farm business, but are not necessarily attributable to a specific crop enterprise. Examples of farm overhead costs include tax services, record keeping, utilities, farmstead maintenance, and insurance and property taxes where applicable. General farm overhead costs can vary greatly from farm to farm based on many factors including farm size, land tenure, and crop production technology utilized. As the primary purpose of this report is to estimate production cost associated with a specific commodity, no charges for general farm overhead are included. Land and Management Charges The estimated production expenses included in this report include only direct and fixed expenses associated with the production of the specific crop enterprise. Labor charges included in the enterprise budgets only include charges for field labor. No charges for management are included. In addition, no charges for land are included in the enterprise cost tables. Following each set of enterprise cost tables, a set of net return tables are included. These tables provide net returns above total specified costs and represent returns to land, management, and general farm overhead. In other words, the returns would be what is left after paying direct and fixed expenses and would be available for paying land, management and overhead expenses. Acknowledgements The authors are indebted to Louisiana sweet potato producers and LSU AgCenter Extension Service agents and Experiment Station scientists for their cooperation and assistance in providing specific production practice information. 3

6 Table 1a Estimated Costs Per Acre, Sweet Potato Mother Beds Expense Item Unit Price Quantity Amount Your Value Seed Producer Grown Bu $ , $13, Foundation Seed Bu $ $7, Fertilizer Nitrogen Lbs $ $12.80 Phosphate Lbs $ $58.80 Potash Lbs $ $31.20 Herbicide Command 3ME Pts $ $24.67 Insecticide Brigade 2EC Pts $ $3.87 Leverage 2.7 Oz $ $5.46 Fungicide Botran 75W Lbs $ $32.22 Labor Tractor/Implement Hr $ $75.07 Other Hired Labor Hr $ $ Fuel Tractor/Implement Gals $ $38.19 Repair and Maintenance Tractor/Implement Acre $ $32.08 Other Inputs Plastic Acre $ $ Interest on Operating Capital Acre $ $ Total Direct Expenses $22, Fixed Expenses Tractor/Implement Acre $ $ Total Specified Expenses $22,

7 Table 1b Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Mother Beds Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Twice Jan HP Disk 14 Ft $4.17 $ $4.38 $0.00 $11.83 $12.03 $ ) Apply Fertilizer Feb HP Fertilizer Pull Type 6 ft $2.81 $ $5.90 $0.00 $14.06 $22.40 $36.47 N 40 $0.32/lb $0.00 $ $0.00 $12.80 $12.80 $0.00 $12.80 P 120 $0.49/lb $0.00 $ $0.00 $58.80 $58.80 $0.00 $58.80 K 120 $0.26/lb $0.00 $ $0.00 $31.20 $31.20 $0.00 $ ) Disked Twice Feb HP Disk 14 Ft $4.17 $ $4.38 $0.00 $11.83 $12.03 $ ) Hipped Rows Feb HP Hipper 4 Row $2.11 $ $2.22 $0.00 $5.31 $4.83 $ ) Load Seed Potatoes Mar Forklift $0.72 $ $4.95 $0.00 $5.90 $1.31 $7.20 6) Transport Seed Potatoes Mar HP Utility Trailer 10 Ft $1.57 $ $4.95 $0.00 $6.99 $2.62 $9.60 7) Plant Seed Potatoes Mar HP Planter SP Seed $3.30 $ $4.95 $0.00 $11.34 $10.62 $21.96 Producer Seed 1,125 $12/Bu $0.00 $ $0.00 $13, $13, $0.00 $13, Foundation Seed 375 $20.63/Bu $0.00 $ $0.00 $7, $7, $0.00 $7, Botran 75W 2.25 $14.32/lb $0.00 $ $0.00 $32.22 $32.22 $0.00 $32.22 Additional Labor 1 Hour $0.00 $ $0.00 $13.65 $13.65 $0.00 $ ) Cover Seed Mar HP Seed Covering Machine $2.86 $ $6.00 $0.00 $10.46 $5.28 $ ) Apply Herbicide (Applied on Half of the Acreage) Mar HP Spray Boom 20 Ft $0.20 $ $0.64 $0.00 $1.02 $0.47 $1.48 Command 3ME 2 2/3 $18.50/pt $0.00 $ $0.00 $24.67 $24.67 $0.00 $ ) Lay Plastic Mar HP Plastic Layer 4 Ft Centers $7.70 $ $24.28 $0.00 $36.11 $15.55 $51.66 Plastic (8 x 2,000) 3 $198.50/roll $0.00 $ $0.00 $ $ $0.00 $ Additional Labor 3 Hours $0.00 $ $0.00 $40.94 $40.94 $0.00 $ ) Make Ditches Mar HP Ditcher $0.10 $ $0.30 $0.00 $0.47 $0.21 $ ) Hand Labor 4 Hours Make Holes/Slits in Plastic Mar $0.00 $ $0.00 $54.58 $54.58 $0.00 $ ) Disked Between Rows (Covering 0.5 Acres) Mar HP Disk 14 Ft $1.04 $ $1.10 $0.00 $2.96 $3.01 $ ) Disked Between Rows (Covering 0.5 Acres) Apr HP Disk 14 Ft $1.04 $ $1.10 $0.00 $2.96 $3.01 $ ) Hand Labor 2 Hours Remove Plastic Apr $0.00 $ $0.00 $27.29 $27.29 $0.00 $ ) Apply Insecticide Apr HP Spray Boom 12 Ft $0.40 $ $1.27 $0.00 $2.03 $0.93 $2.96 Brigade 2EC 3.2 $19.36/pt $0.00 $ $0.00 $3.87 $3.87 $0.00 $ ) Apply Insecticide Apr HP Spray Boom 12 Ft $0.40 $ $1.27 $0.00 $2.03 $0.93 $2.96 Levarage $1.95/oz $0.00 $ $0.00 $5.46 $5.46 $0.00 $ ) Cut Slips for Transplant May HP Plant Cutting SP $1.43 $ $3.00 $0.00 $8.22 $4.12 $ ) Destroy Seed Potatoes (Disked Twice) June HP Disk 14 Ft $4.17 $ $4.38 $0.00 $11.83 $12.03 $23.86 Totals $38.19 $ $75.07 $22, $22, $ $22, Interest on Operating Captial $ Total Specified Costs $22,

8 Table 2a Estimated Costs Per Acre, Sweet Potato Production, 2 Row Harvester Expense Item Unit Price Quantity Amount Your Value Seed Slips Acre $ $ Fertilizer Nitrogen Lbs $ $12.80 Phosphate Lbs $ $58.80 Potash Lbs $ $31.20 Zinc Qrt $ $5.98 Herbicide Command 3ME Pts $ $49.33 Valor SX Oz $ $15.95 Insecticide Admire Pro Oz $ $18.06 Baythroid XL Oz $ $6.94 Belay Oz $ $28.80 Brigade 2EC Oz $ $5.55 Imidan 70WSB Lbs $ $28.86 Leverage 2.7 Oz $ $5.46 Lorsban 4E Pts $ $26.64 Fungicide Telone II Gals $ $ Labor Tractor/Implement Hr $ $ Irrigation Hr $ $5.91 Other Hired Labor Hr $ $ Fuel Tractor/Implement Gals $ $ Irrigation Gals $ $10.39 Repair and Maintenance Tractor/Implement Acre $ $75.55 Irrigation Acre $ $4.89 Other Transplant Crates Acre $ $32.00 Harvest Bins Acre $ $ Roll Out Polypipe Acre $ $8.25 Packing Line Acre $1, $1, Storage Acre $ $ LDAF Assessment Fee Acre $ $17.50 Crop Consultant Acre $ $15.00 Interest on Operating Capital Acre $ $48.15 Total Direct Expenses $4, Fixed Expenses Tractor/Implement Acre $ $ Irrigation Acre $ $55.30 Total Specified Expenses $4,

9 Table 2b Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Production, 2 Row Harvester Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Three Times Apr HP Heavy Disk 20 Ft $4.73 $ $4.38 $0.00 $13.95 $16.72 $ ) Apply Fertilizer Apr HP Fertilizer Pull Type 12 ft $1.40 $ $2.95 $0.00 $4.89 $2.79 $7.68 N 40 $0.32/lb $0.00 $ $0.00 $12.80 $12.80 $0.00 $12.80 P 120 $0.49/lb $0.00 $ $0.00 $58.80 $58.80 $0.00 $58.80 K 120 $0.26/lb $0.00 $ $0.00 $31.20 $31.20 $0.00 $ ) Hipped Field Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 4) Apply Fummigant Apr HP Fumigant Applicator 6 Row $1.29 $ $1.35 $0.00 $3.65 $3.90 $7.55 Telone II 8 $18.50/gal $0.00 $ $0.00 $ $ $0.00 $ ) Hipped Field Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 6) Hipped and Applied Herbicide Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 Valor SX 2.5 $6.38/oz $0.00 $ $0.00 $15.95 $15.95 $0.00 $ ) Hipped and Applied Insecticide Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 Lorsban 4E 2 $6.66/pt $0.00 $ $0.00 $26.64 $26.64 $0.00 $26.64 Admire Pro 10.5 $1.72/oz $0.00 $ $0.00 $18.06 $18.06 $0.00 $ ) Slips For Transplant May HP Utility Trailer 10 Ft $4.76 $ $15.01 $0.00 $21.17 $7.93 $29.10 Sweet Potato Slips $0.00 $ $0.00 $ $ $0.00 $ Additional Labor 10 Hours $0.00 $ $0.00 $ $ $0.00 $ ) Plant Slips May HP Transplanter 6 Row $7.14 $ $15.01 $0.00 $23.93 $16.70 $40.63 Additional Labor 14 Hours $0.00 $ $0.00 $ $ $0.00 $ Transplant Crates 12@$8.00/crate (Prorated 3yrs) $0.00 $ $0.00 $32.00 $32.00 $0.00 $ ) Apply Herbicide May HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Command 3ME 2 2/3 $18.50/pt $0.00 $ $0.00 $49.33 $49.33 $0.00 $ ) Clean Ditches May HP Ditcher $0.10 $ $0.30 $0.00 $0.47 $0.21 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $ ) Cultivate June HP Culivator 6 Row $1.76 $ $1.63 $0.00 $4.46 $4.94 $ ) Cultivate and Apply Insecticide June HP Cultivator Plus Post 6 Row $1.87 $ $1.74 $0.00 $4.92 $5.71 $10.63 Belay 12 $2.40/oz $0.00 $ $0.00 $28.80 $28.80 $0.00 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 $11.10/lb $0.00 $ $0.00 $14.43 $14.43 $0.00 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $ ) Irrigation 6 ac in applied in 4 applications June Furrow (Polypipe) $10.39 $ $5.91 $0.00 $21.19 $55.30 $76.49 Roll out Poly Pipe 33 $0.25/ft $0.00 $ $0.00 $8.25 $8.25 $0.00 $ ) Apply Insecticide July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Baythroid XL 2.8 $2.48/oz $0.00 $ $0.00 $6.94 $6.94 $0.00 $ ) Apply Insecticide July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 $11.10/lb $0.00 $ $0.00 $14.43 $14.43 $0.00 $ ) Apply Insecticide and Zinc July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $1.85 Zinc Plus 1 $2.99/pt $0.00 $ $0.00 $5.98 $5.98 $0.00 $ ) Apply Insecticide Aug HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Leverage $1.95/oz $0.00 $ $0.00 $5.46 $5.46 $0.00 $ ) Shredded Plants Sept HP Stalk Shredder Flail 12 ft $0.98 $ $2.06 $0.00 $5.14 $2.52 $ ) Harvest Sept HP Potato Harvester 2 Row $47.61 $ $50.03 $0.00 $ $ $ Additional Labor 40 Hours $0.00 $ $0.00 $ $ $0.00 $ Harvest Bins 25@$68/bin (Prorated 5 yrs) $0.00 $ $0.00 $ $ $0.00 $ ) Utility Trailer For Harvest Sept HP Utility Trailer 10 Ft $15.87 $ $50.03 $0.00 $70.56 $26.45 $ ) Truck 18 Wheeler Sept Wheeler $2.22 $ $50.03 $0.00 $62.66 $30.20 $92.86 Additional Labor 3.33 Hours $0.00 $ $0.00 $45.49 $45.49 $0.00 $ ) Forklift In Field Sept Forklift $7.31 $ $50.03 $0.00 $59.55 $13.20 $ ) Forklift At Packing Shed Sept Forklift $7.31 $ $50.03 $0.00 $59.55 $13.20 $ ) Packing 500 Bushel Yield with 65% packout Nov $0.00 $ $0.00 $0.00 $0.00 $0.00 $0.00 Boxes 406 $1.65/box $0.00 $ $0.00 $ $ $0.00 $ Broker Costs 406 $0.50/box $0.00 $ $0.00 $ $ $0.00 $ Packing Labor 406 $0.80/box $0.00 $ $0.00 $ $ $0.00 $ Shrink Wrap 406 $0.133/box $0.00 $ $0.00 $54.03 $54.03 $0.00 $ ) Storage Costs (Harvest to May) Nov $0.00 $ $0.00 $0.00 $0.00 $0.00 $0.00 Storage Costs $1.00/bu $0.00 $ $0.00 $ $ $0.00 $ ) LDAF Assessment Fee Nov $0.00 $ $0.00 $17.50 $17.50 $0.00 $ ) Crop Consultant Nov $0.00 $ $0.00 $15.00 $15.00 $0.00 $15.00 Totals $ $ $ $3, $4, $ $4, Interest on Operating Captial $48.15 Total Specified Costs $4,

10 Table 2c. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 55 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs % 138 ($2,548.98) ($2,479.98) ($2,410.98) ($2,341.98) ($2,272.98) ($2,203.98) ($2,134.98) ($2,065.98) ($1,996.98) % 172 ($2,072.98) ($1,986.98) ($1,900.98) ($1,814.98) ($1,728.98) ($1,642.98) ($1,556.98) ($1,470.98) ($1,384.98) % 206 ($1,596.98) ($1,493.98) ($1,390.98) ($1,287.98) ($1,184.98) ($1,081.98) ($978.98) ($875.98) ($772.98) % 241 ($1,106.98) ($986.48) ($865.98) ($745.48) ($624.98) ($504.48) ($383.98) ($263.48) ($142.98) % 275 ($630.98) ($493.48) ($355.98) ($218.48) ($80.98) $56.52 $ $ $ % 309 ($154.98) ($0.48) $ $ $ $ $ $ $1, % 344 $ $ $ $ $1, $1, $1, $1, $1, % 378 $ $1, $1, $1, $1, $1, $1, $2, $2, % 413 $1, $1, $1, $1, $2, $2, $2, $2, $2, Table 2d. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 60 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs % 150 ($2,380.98) ($2,305.98) ($2,230.98) ($2,155.98) ($2,080.98) ($2,005.98) ($1,930.98) ($1,855.98) ($1,780.98) % 188 ($1,848.98) ($1,754.98) ($1,660.98) ($1,566.98) ($1,472.98) ($1,378.98) ($1,284.98) ($1,190.98) ($1,096.98) % 225 ($1,330.98) ($1,218.48) ($1,105.98) ($993.48) ($880.98) ($768.48) ($655.98) ($543.48) ($430.98) % 263 ($798.98) ($667.48) ($535.98) ($404.48) ($272.98) ($141.48) ($9.98) $ $ % 300 ($280.98) ($130.98) $19.02 $ $ $ $ $ $ % 338 $ $ $ $ $ $1, $1, $1, $1, % 375 $ $ $1, $1, $1, $1, $1, $2, $2, % 413 $1, $1, $1, $1, $2, $2, $2, $2, $2, % 450 $1, $2, $2, $2, $2, $2, $3, $3, $3, Table 2e. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 65 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs % 163 ($2,198.98) ($2,117.48) ($2,035.98) ($1,954.48) ($1,872.98) ($1,791.48) ($1,709.98) ($1,628.48) ($1,546.98) % 203 ($1,638.98) ($1,537.48) ($1,435.98) ($1,334.48) ($1,232.98) ($1,131.48) ($1,029.98) ($928.48) ($826.98) % 244 ($1,064.98) ($942.98) ($820.98) ($698.98) ($576.98) ($454.98) ($332.98) ($210.98) ($88.98) % 284 ($504.98) ($362.98) ($220.98) ($78.98) $63.02 $ $ $ $ % 325 $69.02 $ $ $ $ $ $1, $1, $1, % 366 $ $ $1, $1, $1, $1, $1, $1, $2, % 406 $1, $1, $1, $1, $2, $2, $2, $2, $2, % 447 $1, $2, $2, $2, $2, $2, $3, $3, $3, % 488 $2, $2, $2, $3, $3, $3, $3, $4, $4,

11 Table 3a Estimated Costs Per Acre, Sweet Potato Production, Shaker Harvester with Bucket Crew Expense Item Unit Price Quantity Amount Your Value Seed Slips Acre $ $ Fertilizer Nitrogen Lbs $ $12.80 Phosphate Lbs $ $58.80 Potash Lbs $ $31.20 Zinc Qrt $ $5.98 Herbicide Command 3ME Pts $ $49.33 Valor SX Oz $ $15.95 Insecticide Admire Pro Oz $ $18.06 Baythroid XL Oz $ $6.94 Belay Oz $ $28.80 Brigade 2EC Oz $ $5.55 Imidan 70WSB Lbs $ $28.86 Leverage 360 Oz $ $5.46 Lorsban Pts $ $26.64 Fungicide Telone II Gals $ $ Labor Tractor/Implement Hr $ $ Irrigation Hr $ $5.91 Other Hired Labor Hr $ $ Fuel Tractor/Implement Gals $ $54.82 Irrigation Gals $ $10.39 Repair and Maintenance Tractor/Implement Acre $ $30.97 Irrigation Acre $ $4.89 Other Transplant Crates Acre $ $32.00 Harvest Bins Acre $ $ Roll Out Polypipe Acre $ $8.25 Packing Line Acre $1, $1, Storage Acre $ $ LDAF Assessment Fee Acre $ $17.50 Crop Consultant Acre $ $15.00 Interest on Operating Capital Acre $ $45.41 Total Direct Expenses $3, Fixed Expenses Tractor/Implement Acre $ $ Irrigation Acre $ $55.30 Total Specified Expenses $3,

12 Table 3b Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Production, Shaker Harvester with Bucket Crew Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Three Times Apr HP Heavy Disk 20 Ft $4.73 $ $4.38 $0.00 $13.95 $16.72 $ ) Apply Fertilizer Apr HP Fertilizer Pull Type 12 ft $1.40 $ $2.95 $0.00 $4.89 $2.79 $7.68 N 40 $0.32/lb $0.00 $ $0.00 $12.80 $12.80 $0.00 $12.80 P 120 $0.49/lb $0.00 $ $0.00 $58.80 $58.80 $0.00 $58.80 K 120 $0.26/lb $0.00 $ $0.00 $31.20 $31.20 $0.00 $ ) Hipped Field Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 4) Apply Fummigant Apr HP Fumigant Applicator 6 Row $1.29 $ $1.35 $0.00 $3.65 $3.90 $7.55 Telone II 8 $18.50/gal $0.00 $ $0.00 $ $ $0.00 $ ) Hipped Field Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 6) Hipped and Applied Herbicide Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 Valor SX 2.5 $6.38/oz $0.00 $ $0.00 $15.95 $15.95 $0.00 $ ) Hipped and Applied Insecticide Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 Lorsban 4E 2 $6.66/pt $0.00 $ $0.00 $26.64 $26.64 $0.00 $26.64 Admire Pro 10.5 $1.72/oz $0.00 $ $0.00 $18.06 $18.06 $0.00 $ ) Slips For Transplant May HP Utility Trailer 10 Ft $4.76 $ $15.01 $0.00 $21.17 $7.93 $29.10 Sweet Potato Slips $0.00 $ $0.00 $ $ $0.00 $ Additional Labor 10 Hours $0.00 $ $0.00 $ $ $0.00 $ ) Plant Slips May HP Transplanter 6 Row $7.14 $ $15.01 $0.00 $23.93 $16.70 $40.63 Additional Labor 14 Hours $0.00 $ $0.00 $ $ $0.00 $ Transplant Crates 12@$8.00/crate (Prorated 3yrs) $0.00 $ $0.00 $32.00 $32.00 $0.00 $ ) Apply Herbicide May HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Command 3ME 2 2/3 $18.50/pt $0.00 $ $0.00 $49.33 $49.33 $0.00 $ ) Clean Ditches May HP Ditcher $0.10 $ $0.30 $0.00 $0.47 $0.21 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $ ) Cultivate June HP Culivator 6 Row $1.76 $ $1.63 $0.00 $4.46 $4.94 $ ) Cultivate and Apply Insecticide June HP Cultivator Plus Post 6 Row $1.87 $ $1.74 $0.00 $4.92 $5.71 $10.63 Belay 12 $2.40/oz $0.00 $ $0.00 $28.80 $28.80 $0.00 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 $11.10/lb $0.00 $ $0.00 $14.43 $14.43 $0.00 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $ ) Irrigation 6 ac in applied in 4 applications June Furrow (Polypipe) $10.39 $ $5.91 $0.00 $21.19 $55.30 $76.49 Roll out Poly Pipe 33 $0.25/ft $0.00 $ $0.00 $8.25 $8.25 $0.00 $ ) Apply Insecticide July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Baythroid XL 2.8 $2.48/oz $0.00 $ $0.00 $6.94 $6.94 $0.00 $ ) Apply Insecticide July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 $11.10/lb $0.00 $ $0.00 $14.43 $14.43 $0.00 $ ) Apply Insecticide and Zinc July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $1.85 Zinc Plus 1 $2.99/pt $0.00 $ $0.00 $5.98 $5.98 $0.00 $ ) Apply Insecticide Aug HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Leverage $1.95/oz $0.00 $ $0.00 $5.46 $5.46 $0.00 $ ) Shredded Plants Sept HP Stalk Shredder Flail 12 ft $0.98 $ $2.06 $0.00 $5.14 $2.52 $ ) Harvest Sept HP Shaker Harvester 4 Row $14.28 $ $10.01 $0.00 $31.54 $32.73 $64.28 Bucket Crew 500 Bu $1.10/bu $0.00 $ $0.00 $ $ $0.00 $ Harvest Bins 25@$68/bin (Prorated 5 yrs) $0.00 $ $0.00 $ $ $0.00 $ ) Utility Trailer For Harvest Sept HP Utility Trailer 10 Ft $3.17 $ $10.01 $0.00 $14.11 $5.29 $ ) Truck 18 Wheeler Sept Wheeler $0.44 $ $10.01 $0.00 $12.53 $6.04 $ ) Forklift In Field Sept Forklift $1.46 $ $10.01 $0.00 $11.91 $2.64 $ ) Forklift At Packing Shed Sept Forklift $1.46 $ $10.01 $0.00 $11.91 $2.64 $ ) Packing 500 Bushel Yield with 65% packout Nov $0.00 $ $0.00 $0.00 $0.00 $0.00 $0.00 Boxes 406 $1.65/box $0.00 $ $0.00 $ $ $0.00 $ Broker Costs 406 $0.50/box $0.00 $ $0.00 $ $ $0.00 $ Packing Labor 406 $0.80/box $0.00 $ $0.00 $ $ $0.00 $ Shrink Wrap 406 $0.133/box $0.00 $ $0.00 $54.03 $54.03 $0.00 $ ) Storage Costs (Harvest to May) Nov $0.00 $ $0.00 $0.00 $0.00 $0.00 $0.00 Storage Costs $1.00/bu $0.00 $ $0.00 $ $ $0.00 $ ) LDAF Assessment Fee Nov $0.00 $ $0.00 $17.50 $17.50 $0.00 $ ) Crop Consultant Nov $0.00 $ $0.00 $15.00 $15.00 $0.00 $15.00 Totals $65.21 $ $ $3, $3, $ $3, Interest on Operating Captial $45.41 Total Specified Costs $3,

13 Table 3c. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 55 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs % 138 ($2,044.82) ($1,975.82) ($1,906.82) ($1,837.82) ($1,768.82) ($1,699.82) ($1,630.82) ($1,561.82) ($1,492.82) % 172 ($1,568.82) ($1,482.82) ($1,396.82) ($1,310.82) ($1,224.82) ($1,138.82) ($1,052.82) ($966.82) ($880.82) % 206 ($1,092.82) ($989.82) ($886.82) ($783.82) ($680.82) ($577.82) ($474.82) ($371.82) ($268.82) % 241 ($602.82) ($482.32) ($361.82) ($241.32) ($120.82) ($0.32) $ $ $ % 275 ($126.82) $10.68 $ $ $ $ $ $ $ % 309 $ $ $ $ $ $1, $1, $1, $1, % 344 $ $1, $1, $1, $1, $1, $1, $2, $2, % 378 $1, $1, $1, $1, $2, $2, $2, $2, $2, % 413 $1, $2, $2, $2, $2, $2, $3, $3, $3, Table 3d. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 60 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs % 150 ($1,876.82) ($1,801.82) ($1,726.82) ($1,651.82) ($1,576.82) ($1,501.82) ($1,426.82) ($1,351.82) ($1,276.82) % 188 ($1,344.82) ($1,250.82) ($1,156.82) ($1,062.82) ($968.82) ($874.82) ($780.82) ($686.82) ($592.82) % 225 ($826.82) ($714.32) ($601.82) ($489.32) ($376.82) ($264.32) ($151.82) ($39.32) $ % 263 ($294.82) ($163.32) ($31.82) $99.68 $ $ $ $ $ % 300 $ $ $ $ $ $ $1, $1, $1, % 338 $ $ $1, $1, $1, $1, $1, $1, $2, % 375 $1, $1, $1, $1, $2, $2, $2, $2, $2, % 413 $1, $2, $2, $2, $2, $2, $3, $3, $3, % 450 $2, $2, $2, $2, $3, $3, $3, $3, $4, Table 3e. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 65 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs % 163 ($1,694.82) ($1,613.32) ($1,531.82) ($1,450.32) ($1,368.82) ($1,287.32) ($1,205.82) ($1,124.32) ($1,042.82) % 203 ($1,134.82) ($1,033.32) ($931.82) ($830.32) ($728.82) ($627.32) ($525.82) ($424.32) ($322.82) % 244 ($560.82) ($438.82) ($316.82) ($194.82) ($72.82) $49.18 $ $ $ % 284 ($0.82) $ $ $ $ $ $ $ $1, % 325 $ $ $ $1, $1, $1, $1, $1, $1, % 366 $1, $1, $1, $1, $1, $2, $2, $2, $2, % 406 $1, $1, $2, $2, $2, $2, $2, $3, $3, % 447 $2, $2, $2, $2, $3, $3, $3, $3, $4, % 488 $2, $3, $3, $3, $3, $4, $4, $4, $4,

14 Table 4a Estimated Costs Per Acres, Sweet Potato Production, Bulk Harvester, No Storage Expense Item Unit Price Quantity Amount Your Value Seed Slips Acre $ $ Fertilizer Nitrogen Lbs $ $12.80 Phosphate Lbs $ $58.80 Potash Lbs $ $31.20 Zinc Qrt $ $5.98 Herbicide Command 3ME Pts $ $49.33 Valor SX Oz $ $15.95 Insecticide Admire Pro Oz $ $18.06 Baythroid XL Oz $ $6.94 Belay Oz $ $28.80 Brigade 2EC Oz $ $5.55 Imidan 70WSB Lbs $ $28.86 Leverage 360 Oz $ $5.46 Lorsban Pts $ $26.64 Fungicide Telone II Gals $ $ Labor Tractor/Implement Hr $ $ Irrigation Hr $ $5.91 Other Hired Labor Hr $ $ Fuel Tractor/Implement Gals $ $65.98 Irrigation Gals $ $10.39 Repair and Maintenance Tractor/Implement Acre $ $72.60 Irrigation Acre $ $4.89 Other Transplant Crates Acre $ $32.00 Harvest Bins Acre $ $ Roll Out Polypipe Acre $ $8.25 LDAF Assessment Fee Acre $ $17.50 Crop Consultant Acre $ $15.00 Interest on Operating Capital Acre $ $36.63 Total Direct Expenses $1, Fixed Expenses Tractor/Implement Acre $ $ Irrigation Acre $ $55.30 Total Specified Expenses $2,

15 Table 4b Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Production, Bulk Harvester, No Storage Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Three Times Apr HP Heavy Disk 20 Ft $4.73 $ $4.38 $0.00 $13.95 $16.72 $ ) Apply Fertilizer Apr HP Fertilizer Pull Type 12 ft $1.40 $ $2.95 $0.00 $4.89 $2.79 $7.68 N 40 $0.32/lb $0.00 $ $0.00 $12.80 $12.80 $0.00 $12.80 P 120 $0.49/lb $0.00 $ $0.00 $58.80 $58.80 $0.00 $58.80 K 120 $0.26/lb $0.00 $ $0.00 $31.20 $31.20 $0.00 $ ) Hipped Field Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 4) Apply Fummigant Apr HP Fumigant Applicator 6 Row $1.29 $ $1.35 $0.00 $3.65 $3.90 $7.55 Telone II 8 $18.50/gal $0.00 $ $0.00 $ $ $0.00 $ ) Hipped Field Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 6) Hipped and Applied Herbicide Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 Valor SX 2.5 $6.38/oz $0.00 $ $0.00 $15.95 $15.95 $0.00 $ ) Hipped and Applied Insecticide Apr HP Bed Disk (Hipper) 6 Row $1.60 $ $1.48 $0.00 $3.98 $4.29 $8.26 Lorsban 4E 2 $6.66/pt $0.00 $ $0.00 $26.64 $26.64 $0.00 $26.64 Admire Pro 10.5 $1.72/oz $0.00 $ $0.00 $18.06 $18.06 $0.00 $ ) Slips For Transplant May HP Utility Trailer 10 Ft $4.76 $ $15.01 $0.00 $21.17 $7.93 $29.10 Sweet Potato Slips $0.00 $ $0.00 $ $ $0.00 $ Additional Labor 10 Hours $0.00 $ $0.00 $ $ $0.00 $ ) Plant Slips May HP Transplanter 6 Row $7.14 $ $15.01 $0.00 $23.93 $16.70 $40.63 Additional Labor 14 Hours $0.00 $ $0.00 $ $ $0.00 $ Transplant Crates 12@$8.00/crate (Prorated 3yrs) $0.00 $ $0.00 $32.00 $32.00 $0.00 $ ) Apply Herbicide May HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Command 3ME 2 2/3 $18.50/pt $0.00 $ $0.00 $49.33 $49.33 $0.00 $ ) Clean Ditches May HP Ditcher $0.10 $ $0.30 $0.00 $0.47 $0.21 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $ ) Cultivate June HP Culivator 6 Row $1.76 $ $1.63 $0.00 $4.46 $4.94 $ ) Cultivate and Apply Insecticide June HP Cultivator Plus Post 6 Row $1.87 $ $1.74 $0.00 $4.92 $5.71 $10.63 Belay 12 $2.40/oz $0.00 $ $0.00 $28.80 $28.80 $0.00 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 $11.10/lb $0.00 $ $0.00 $14.43 $14.43 $0.00 $ ) Apply Insecticide June HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $ ) Irrigation 6 ac in applied in 4 applications June Furrow (Polypipe) $10.39 $ $5.91 $0.00 $21.19 $55.30 $76.49 Roll out Poly Pipe 33 $0.25/ft $0.00 $ $0.00 $8.25 $8.25 $0.00 $ ) Apply Insecticide July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Baythroid XL 2.8 $2.48/oz $0.00 $ $0.00 $6.94 $6.94 $0.00 $ ) Apply Insecticide July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 $11.10/lb $0.00 $ $0.00 $14.43 $14.43 $0.00 $ ) Apply Insecticide and Zinc July HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 $74/gallon $0.00 $ $0.00 $1.85 $1.85 $0.00 $1.85 Zinc Plus 1 $2.99/pt $0.00 $ $0.00 $5.98 $5.98 $0.00 $ ) Apply Insecticide Aug HP Spray Broadcast 27 ft $0.45 $ $0.94 $0.00 $1.65 $0.83 $2.48 Leverage $1.95/oz $0.00 $ $0.00 $5.46 $5.46 $0.00 $ ) Shredded Plants Sept HP Stalk Shredder Flail 12 ft $0.98 $ $2.06 $0.00 $5.14 $2.52 $ ) Harvest Sept HP Shaker Harvester 4 Row $11.90 $ $12.51 $0.00 $68.83 $84.41 $ Additional Labor 3.33 Hours $0.00 $ $0.00 $45.49 $45.49 $0.00 $45.49 Harvest Bins 25@$68/bin (Prorated 5 yrs) $0.00 $ $0.00 $ $ $0.00 $ ) Four (4) Utility Trailiers For Harvest Sept HP Utility Trailer 10 Ft $15.87 $ $50.03 $0.00 $70.56 $26.45 $ ) Truck 18 Wheeler Sept Wheeler $0.56 $ $12.51 $0.00 $15.66 $7.55 $ ) Forklift In Field Sept Forklift $1.83 $ $12.51 $0.00 $14.89 $3.30 $ ) Forklift Off Loading Site Sept Forklift $1.83 $ $12.51 $0.00 $14.89 $3.30 $ ) LDAF Assessment Fee Nov $0.00 $ $0.00 $17.50 $17.50 $0.00 $ ) Crop Consultant Nov $0.00 $ $0.00 $15.00 $15.00 $0.00 $15.00 Totals $76.37 $ $ $1, $1, $ $2, Interest on Operating Captial $36.63 Total Specified Costs $2,

16 Table 4c. Projected Returns Above Total Specified Costs at Various Yields and Prices, No Storage Total Total Processor Contract Price ($ per cwt) Yield Yield $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Cwts) Returns Per Acre above Direct Costs ($827.03) ($777.03) ($727.03) ($677.03) ($627.03) ($577.03) ($527.03) ($477.03) ($427.03) ($477.03) ($414.53) ($352.03) ($289.53) ($227.03) ($164.53) ($102.03) ($39.53) $ ($127.03) ($52.03) $22.97 $97.97 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $1, $1, $1, $1, $ $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $2, $2, $2, $1, $1, $1, $2, $2, $2, $2, $2, $2, $1, $2, $2, $2, $2, $2, $2, $3, $3, Table 4d. Estimated Additional Storage Costs for Various Storage Lengths, 400 Bushel Yield Per Per Per Storage Length Acre Cwt Bushel No Storage $2, $11.14 $5.57 One Month $2, $11.42 $5.71 Two Months $2, $11.71 $5.85 Three Months $2, $11.99 $6.00 Four Months $2, $12.28 $6.14 Five Months $2, $12.56 $6.28 Six Months $2, $12.85 $6.42 Seven Months $2, $13.14 $6.57 Eight Months $2, $13.42 $6.71 Table 4e. Estimated Additional Storage Costs for Various Storage Lengths, 500 Bushel Yield Per Per Per Storage Length Acre Cwt Bushel No Storage $2, $8.91 $4.45 One Month $2, $9.19 $4.60 Two Months $2, $9.48 $4.74 Three Months $2, $9.77 $4.88 Four Months $2, $10.05 $5.03 Five Months $2, $10.34 $5.17 Six Months $2, $10.62 $5.31 Seven Months $2, $10.91 $5.45 Eight Months $2, $11.19 $

17 Appendix Table 1. Tractors Assumed Performance and Cost Parameters and Estimated Direct and Fixed Costs Per Hour, Louisiana New Repair/ Total Fuel Purchase Salvage Maintenance Useful Annual Fuel R/M Labor Direct Fixed Total Use Price Value (R/M) Life Use Cost Cost Cost Cost Cost Cost Item Size (gal/hr) (dollars) (percent) (percent) (years) (hours) Dollars Per Hour Tractor( 20 39hp)RB MFWD $21,300 40% 15% $3.63 $0.67 $11.62 $15.92 $3.87 $19.79 Tractor( 20 39hp)CB MFWD $28,500 40% 15% $3.63 $0.89 $11.62 $16.14 $5.18 $21.32 Tractor( 40 59hp)RB 2WD $20,900 40% 15% $6.05 $0.65 $11.62 $18.32 $3.80 $22.12 Tractor( 40 59hp)CB 2WD $32,200 40% 15% $6.05 $1.01 $11.62 $18.68 $5.85 $24.53 Tractor( 40 59hp)RB MFWD $24,300 40% 15% $6.05 $0.76 $11.62 $18.43 $4.41 $22.84 Tractor( 40 59hp)CB MFWD $39,100 40% 15% $6.05 $1.22 $11.62 $18.89 $7.10 $25.99 Tractor( 60 89hp)RB 2WD $34,400 40% 15% $9.07 $1.08 $11.62 $21.77 $6.25 $28.02 Tractor( 60 89hp)CB 2WD $48,300 40% 15% $9.07 $1.51 $11.62 $22.20 $8.77 $30.98 Tractor( 60 89hp)RB MFWD $35,800 40% 15% $9.07 $1.12 $11.62 $21.81 $6.50 $28.32 Tractor( 60 89hp)CB MFWD $54,100 40% 15% $9.07 $1.69 $11.62 $22.39 $9.83 $32.21 Tractor( hp)RB 2WD $57,600 40% 15% $12.70 $1.80 $11.62 $26.12 $10.46 $36.58 Tractor( hp)CB 2WD $65,300 40% 15% $12.70 $2.04 $11.62 $26.36 $11.86 $38.22 Tractor( hp)RB MFWD $62,100 40% 15% $12.70 $1.94 $11.62 $26.26 $11.28 $37.54 Tractor( hp)CB MFWD $77,400 40% 15% $12.70 $2.42 $11.62 $26.74 $14.06 $40.80 Tractor( hp)CB 2WD $177,000 40% 15% $15.72 $5.53 $11.62 $32.88 $32.14 $65.02 Tractor( hp)CB MFWD $123,000 40% 15% $15.72 $3.84 $11.62 $31.19 $22.34 $53.53 Tractor( hp)CB 2WD $108,000 40% 15% $18.14 $3.38 $11.62 $33.14 $19.61 $52.76 Tractor( hp)CB MFWD $143,000 40% 15% $18.14 $4.47 $11.62 $34.24 $25.97 $60.21 Tractor( hp)CB MFWD $170,000 35% 15% $20.56 $5.31 $11.62 $37.50 $32.38 $69.88 Tractor( hp)CB MFWD $186,000 35% 15% $22.98 $5.81 $11.62 $40.42 $35.43 $75.85 Tractor( hp)CB MFWD $218,000 35% 15% $27.22 $6.81 $11.62 $45.65 $41.53 $87.18 Tractor( hp)CB Track $277,000 35% 15% $27.22 $8.66 $11.62 $47.50 $52.77 $ Tractor( hp)CB 4WD $281,000 35% 15% $36.29 $8.78 $11.62 $56.69 $53.53 $ Tractor( hp)CB Track $292,000 35% 15% $36.29 $9.13 $11.62 $57.04 $55.62 $ Tractor( hp)CB 4WD $325,000 35% 15% $48.38 $10.16 $11.62 $70.16 $61.91 $ Tractor( hp)CB Track $351,000 35% 15% $48.38 $10.97 $11.62 $70.98 $66.86 $ Utility Vehicle mule 600 CC.5 $6,500 30% 25% $1.18 $1.02 $11.62 $13.81 $3.89 $17.70 Utility Vehicle 800 CC.7 $9,700 30% 25% $1.65 $1.52 $11.62 $14.78 $5.80 $20.59 Utility Vechicle 900 CC 1 $12,200 30% 25% $2.35 $1.91 $11.62 $15.88 $7.30 $23.18 Appendix Table 2. Self Propels Assumed Performance and Cost Parameters and Estimated Direct and Fixed Costs Per Hour, Louisiana New Repair/ Total Fuel Purchase Salvage Maintenance Useful Annual Fuel R/M Labor Direct Fixed Total Use Price Value (R/M) Life Use Cost Cost Cost Cost Cost Cost Item Size (gal/hr) (dollars) (percent) (percent) (years) (hours) Dollars Per Hour Fork Lift $34,853 20% 19% 10 1,000 $2.51 $0.66 $11.62 $14.80 $3.84 $18.64 Truck 18 Wheeler $124,848 20% 45% $1.69 $6.24 $11.62 $19.56 $17.37 $36.93 Sprayer 110Gal 30' 50hp $44,880 30% 15% $5.68 $2.40 $11.62 $19.71 $15.34 $35.05 Sprayer gal 60' 125hp $103,000 30% 15% $13.31 $5.52 $11.62 $30.45 $35.20 $65.65 Sprayer gal 80' 125hp $103,000 30% 15% $15.12 $5.52 $11.62 $32.26 $35.20 $67.47 Sprayer gal 60' 175hp $193,000 30% 15% $21.15 $10.34 $11.62 $43.11 $65.97 $ Sprayer gal 80' 175hp $202,000 30% 15% $27.76 $10.82 $11.62 $50.20 $69.04 $ Sprayer gal 90' 250hp $273,000 30% 15% $29.94 $14.63 $11.62 $56.18 $93.31 $