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Table 6: Costs and Returns for White Potato, Per Acre

Conventional Production Practices, Northeastern United States, 1996

ITEM UNIT PRICE QUANTITY TOTAL
         
Receipts        
Potatoes cwt $ 5.40 270 $ 1,458.00
         
Variable Costs        
Custom        
Apply Calcium Fertilizer ton $ 27.65 0.5 $ 13.83
Soil Test acre $ 1.00 1 $ 1.00
Fertilizer        
N pound $ 0.32 200 $ 64.00
P pound $ 0.32 150 $ 48.00
K pound $ 0.14 150 $ 21.00
Herbicides        
Diquat gal $ 80.28 0.25 $ 20.07
Dual 8E gal $ 65.00 0.25 $ 16.25
Roundup Ultra gal $ 54.00 0.5 $ 27.00
Sencor 75DF pound $ 26.50 0.66 $ 17.49
Fungicides        
Bravo 720 gal $ 51.80 0.5 $ 25.90
Manzate 200 pound $ 3.05 14 $ 42.70
Tops Potato Dust pound $ 2.35 20 $ 47.00
Insecticides        
Dyfonate 4E gal $ 53.00 1 $ 53.00
Guthion 2S gal $ 35.70 0.19 $ 6.71
Monitor 4E gal $ 76.00 0.25 $ 19.00
Admire gal $ 525.00 0.13 $ 65.63
Sevin XLR gal $ 25.44 0.13 $ 3.18
Other        
Sticker/Spreader oz $ 0.22 32 $ 7.04
Surfactant oz $ 0.14 16 $ 2.24
Seed        
Potato Seed cwt $ 11.00 20 $ 220.00
Labor        
Operator hour $ 14.48 5.85 $ 84.71
Regular Hired hour $ 10.13 12 $ 121.56
Seasonal Hired (Cut seed) hour $ 7.24 2 $ 14.48
Diesel Fuel        
Tractors gallon $ 0.969 24.69 $ 23.92
Repair & Maintenance        
Tractors acre $ 11.05 1 $ 11.05
Implements acre $ 64.22 1 $ 64.22
Sub-Total       $ 1,040.98
Interest on Operating Capitala acre 10% 1 $ 30.19
Total Variable Costs acre   1 $ 1,071.17
(Continued on next page)        
Returns Above Variable Costs acre   1 $ 386.83
Fixed Costs        
Tractors acre $ 32.72 1 $ 32.72
Implements acre $ 106.11 1 $ 106.11
Land Charge acre $ 50.00 1 $ 50.00
Total Fixed Costs acre   1 $ 188.83
Total Fixed & Variable Costs acre   1 $ 1,260.00
Management Fees a acre 7% 1 $ 84.70
Total Costs acre   1 $ 1,344.70
Net Returns acre   1 $ 113.30

a See text for calculation assumptions.

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