Table 29: Costs and Returns for Head Lettuce, Per Acre

ITEM	UNIT	PRICE	QUANTITY	TOTAL

Receipts
Head Lettuce	crt	$ 9.04	500	$ 4,520.00

Variable Costs
Custom
Apply Calcium Lime	ton	$ 27.65	0.75	$ 20.74
Soil Test	acre	$ 1.00	1	$ 1.00
Fertilizer
N	lb	$ 0.32	70	$ 22.40
P	lb	$ 0.32	150	$ 48.00
K	lb	$ 0.14	150	$ 21.00
Herbicides
Bensulide (Prefar)	lb	$ 41.50	1.5	$ 62.25
Pronamide (Kerb)	lb	$ 22.05	1.5	$ 33.08
Sethoxydim (Poast)	lb	$ 102.26	0.125	$ 12.78
Fungicides
Ridomil Gold	gallon	$ 160.00	0.75	$ 90.00
Aliette	lb	$ 10.50	3	$ 31.50
Rovral WP	lb	$ 21.60	1.5	$ 32.40
Insecticides
Admire	gallon	$ 525.00	0.13	$ 69.73
Warrior	gallon	$ 310.00	0.3	$ 93.00
Orthene 75S	lb	$ 12.00	6	$ 72.00
Larvin	gallon	$ 54.20	0.46	$ 24.93
Seed
Lettuce Seeds	lb	15.00	2.5	$ 37.50
Labor
Operator	hour	$ 14.48	14.7	$ 212.86
Seasonal Hired	hour	$ 7.24	7.6	$ 55.02
Seasonal Hired - Harvest	hour	$ 7.24	95	$ 687.80
Irrigation
Overhead Irrigation Operating Costs	acre	$ 192.00	1	$ 192.00
Repair, Maintenance & Fuel
Tractors	acre	$ 106.50	1	$ 106.50
Implements	acre	$ 18.15	1	$ 18.15
Marketing Costs
Packing Crates	crate	$ 1.50	500	$ 750.00
Selling Charge	gross revenue	3%		$ 135.60
Sub-Total				$ 2,830.24
Interest on Operating Capital^a	acre	10%	1	$ 48.44
Total Variable Costs	acre		1	$ 2,878.68
Returns Above Variable Costs	acre		1	$ 1,641.32
Fixed Costs
Tractors	acre	$ 143.35	1	$ 143.35
Implements	acre	$ 119.25	1	$ 119.25
Land Charge	acre	$ 100.00	1	$ 100.00
Total Fixed Costs	acre		1	$ 362.60
Total Fixed & Variable Costs	acre		1	$ 3,241.28
Management Fees^a	acre	7%	1	$ 167.39
Total Costs	acre		1	$ 3,408.67
Net Returns	acre		1	$ 1,111.33

^aSee text for calculation assumptions.