Alfalfa Enterprise Budget  
  Area:  Box Elder
                   
  This budget is designed for you to be able to easily adapt it to your specific farm conditions. You can change any of the values in the blue cells. As you change a value, the budget will automatically update to reflect that change. As market price expectations change, or as costs change, you can alslo update the budget. Clicking on the Sensitivity tab above will display a sensitivity analysis.
 
 
 
                   
  Basic Assumptions                
Number of Acres
Initial establishment cost per acre
Number of years for the alfalfa stand
Number of cuttings per year
                   
  Returns Unit Units/ Acre Number of Units Projected Price/Unit   Total Value Value/Acre Value/ Ton
Premium Alfalfa  Ton
Medium-Quality Alfalfa Ton
  Low-Quality Alfalfa Ton  
  Total Returns      
                   
  Operating Costs Unit Units/ Acre Projected Cost/Unit   Total Cost Cost/Acre Cost/Ton
   PreHarvest            
Acre
  Fertilizer Lbs  
Application Acre
Herbicide Lbs ai
Application Acre
Insecticide Lbs ai
Application Acre
Irrigation
Water Assessment Acre
Pumping Costs
Acre
Irrigation Labor Hrs
Crop Insurance Annual
Fuel Annual
This is for PreHarvest only
Repairs & Maintenance Annual
This is for PreHarvest only
Other Annual
Interest Rate
    Total PreHarvest        
  Harvest Costs  (Put down what you would charge a neighbor and this should cover labor, fuel, repairs, and interest on machinery)          
Acre
Acre
Baling Ton
Hauling & Stacking Ton
    Total Harvest Costs        
  Total Operating Costs        
  NET RETURN Over Operating Costs        
               
  Sensitivity Analysis
  Net Return Over Operating Costs 
  $/Ton
      Alfalfa Prices
      10% Lower 5 % Lower Expected 5% Higher 10% Higher
    10% Lower
    5 % Lower
  Costs Expected
    5% Higher
    10% Higher
           
  Sensitivity Analysis
  Net Return Over Operating Costs 
  $/Acre
      Alfalfa Prices
      10% Lower 5 % Lower Expected 5% Higher 10% Higher
    10% Lower
    5 % Lower
  Costs Expected
    5% Higher
    10% Higher