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Bob Beutke joins Jay LeSeure on "The Morning Meeting" with Jeff Hartman of LaSalle County Farm Bureau to review the final balance sheet for the 2012 Adopt An Acre project, and present a check to Karen Rhodes for the Ottawa Food Pantry.
The purpose of the WCMY & LaSalle County Farm Bureau Adopt-An-Acre program
is to educate the general public on the economics and risks of producing a crop from
a farmer’s point of view, to feed and power the world.
2012 WCMY “Adopt An Acre” with LaSalle County Farm Bureau
Sponsored by Grainco FS & Farmers Grain Service of Grand Ridge
“Thorson Farm” – Bob Beutke, Operator 50/50 crop share lease
“Expenses Bean Acre”
Chopped Corn Stalks $ 12.00
Chisel plowed corn stalks 20.00
Disk corn stalks 12.40
Sprayed “Trifurilin” generic “Treflan” 5.50
Cost Trifurilin chemical ½ share 3.50
Field cultivated 1 time 9.00
Planting 11.50
Seed beans – ½ share 25.00
Spraying “generic glyfosate” 6.00
Generic glyfosate – ½ share 3.50
Mowing roadsides and waterway 4.50
Hail insurance 10.00
All risk crop insurance ½ share 16.00
“Actual Additional Costs”
Combining beans $ 30.00
Haul beans to elevator 3.00
Total Actual Costs $ 171.90
Beans yielded 37.15 bu. per acre
Actual income 37.15 bu. per acre, tenants share= 18.58 bu. per acre
Actual sale price: $ 15.63
Gross income per acre $290.40
Total Net Income Per Bean Acre: $118.50
“Expenses Corn Acre”
Spread Dry Fertilizer $ 4.75
Dry Fertilizer 65.00
Applying anhydrous ammonia 9.30
Nitrogen anhydrous ammonia form
½ share 41.25
Spraying herbicide 5.50
1.5 ounces of Balance herbicide 11.00
1 lb. Atrazine herbicide ½ share 2.50
Field cultivating – 1.5 times 13.50
Planting – 1.5 times 16.68
Seed Corn ½ share 69.56
Insecticide for refuge acres – ½ share 10.00
Spraying “generic glysophate” 6.00
Generic glysophate 3.50
Mowing road sides and waterway 4.50
Hail insurance 7.00
All Risk Crop Insurance ½ share 14.00
“Actual Additional Costs”
Combining corn $ 30.00
Haul corn to elevator 5.00
Drying corn 12.50
Total Acutal Costs $ 331.54
Corn yielded 74.44 bu. per acre x $7.37 548.62
Acutal income $548.62 per acre, tenants share =1/2 share 274.31
Actual sale price $ 7.37
Gross income per acre: $ 274.31
Insurance 358.35
Total Gross Proceeds $ 632.66
Total Net Income Per Corn Acre: $ 301.12
All profits generated from 1 acre of corn and 1 acre of beans in WCMY & LaSalle County Farm Bureau’s “Adopt An Acre” sponsored by Grainco/FS and Farmers Grain/Grand Ridge will be donated to the Ottawa Food Pantry.
FINAL TOTAL TO OTTAWA FOOD PANTRY FOR 2013 $419.62
2012 Crop Insurance
$ 170.00 bu. per acre guarantee
-74.44 bu. yield
95.56 bu. to be paid by insurance company
x 7.50 October price
$ 716.60 total insurance settlement
x 1/2
$ 358.38 Tenant’s ½ share