178x Filetype XLS File size 0.11 MB Source: www.gov.mb.ca
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CropShare Lease Calculator - 2019 Printed: 8/17/2022 *** Enter changes to values in BLUE only Land Value $2,950 / ac Grain Storage Usage % Cost Machinery Investment $682.20 / ac Non-aeration bins 25% $1.95 /bu Machinery Depreciation Rate 10.00 % Aeration bins 75% $2.45 /bu Operating Interest Rate 5.75 % Investment Rate 2.75 % Cash Land Rental $75.00 / ac Manitoba Agriculture Guidelines for Estimating Crop Production Costs For more information on crop production costs, Manitoba Agriculture Farm Machinery Custom and Rental Rate Guide For more information on machinery costs, Manitoba Agriculture Grain Bin and Farm Building Rental Cost Planner For more information on grain storage costs, A. Operating Costs ($/Acre) Soy- (enter Landowner (leave costs blank if crop is not included in rotation) Canola Wheat beans crop) Share Owner Leasee Total Cost Seed & Treatment $62.50 $24.00 $95.10 0% $0.00 $60.53 $60.53 Fertilizer $89.06 $70.89 $21.76 0% $0.00 $60.57 $60.57 Herbicide $14.41 $30.83 $10.67 0% $0.00 $18.64 $18.64 Fungicide $16.25 $16.50 $0.00 0% $0.00 $10.92 $10.92 Insecticide $0.00 $0.00 $0.00 0% $0.00 $0.00 $0.00 Fuel $24.21 $25.95 $22.65 0% $0.00 $24.27 $24.27 Machinery Operating $10.00 $10.00 $10.00 0% $0.00 $10.00 $10.00 Rental and Custom $2.88 $2.88 $2.88 0% $0.00 $2.88 $2.88 Crop Insurance $7.47 $7.70 $12.66 0% $0.00 $9.28 $9.28 Other Costs $7.75 $7.75 $7.75 0% $0.00 $7.75 $7.75 Drying Costs $0.00 $0.00 $0.00 0% $0.00 $0.00 $0.00 Land Taxes $15.00 $15.00 $15.00 100% $15.00 $0.00 $15.00 Subtotal Operating Costs $249.53 $211.50 $198.47 $0.00 $15.00 $204.83 $219.83 Operating Interest $0.43 $5.89 $6.32 Total Operating Costs $15.43 $210.72 $226.15 B. Fixed Costs ($/Acre) Land Investment Costs 100% $68.15 $12.98 $81.13 Machinery Depreciation 0% $0.00 $68.22 $68.22 Machinery Investment 0% $0.00 $18.76 $18.76 Storage Costs 100% $6.20 $0.00 $6.20 Total Fixed Costs $74.34 $99.96 $174.30 Total Operating and Fixed Costs $89.77 $310.68 $400.46 C. Labour ($/Acre) $26.40 $26.40 $26.40 0% $0.00 $26.40 $26.40 Total Contributions $89.77 $337.08 $426.86 Contribution Share 21.0% 79.0% Estimated Farmgate Revenue Soy- (enter Average Gross Estimated Farmgate Canola Wheat beans crop) Revenue Per Acre Price ( $ per unit) $11.00 $6.75 $11.00 Yield per acre (bu or lb.) 40 55 38 Gross Revenue Per Acre $440.00 $371.25 $418.00 $0.00 $409.75 Lease Calculation #1 - Share Split Method Owner LeaseeTotal ($/Ac) Share Split 21.0% 79.0% Share of Revenue $86.05 $323.70 $409.75 Marginal Return - Over Operating Costs (Gross Revenue minus cash costs) $70.62 $112.98 $183.60 Marginal Return - Over Total Costs (Gross Revenue minus all costs) ($3.73) ($13.38) ($17.11) Return to Assets (ROA) not incl. Capital Gains 2.39% Manitoba Agriculture Lease Calculation #2 - Flexible Share Calculation Method Owner LeaseeTotal ($/Ac) Contribution Share $86.05 $323.70 $409.75 Remaining Revenue $0.00 Distribution of Surplus Revenue 50% 50% Share of Surplus Revenue $0.00 $0.00 Total Revenue Earned $86.05 $323.70 $409.75 Percent Share of Revenue (Total) 21.0% 79.0% Marginal Return - Over Operating Costs (Gross Revenue minus cash costs) $70.62 $112.98 $183.60 Marginal Return - Over Total Costs (Gross Revenue minus all costs) ($3.73) ($13.38) ($17.11) Return to Assets (ROA) not incl. Capital Gains 2.39% Lease Calculation #3 - Typical 1/3 Landowner Share Method Owner LeaseeTotal ($/Ac) Share Split 33% 67% Share of Revenue $135.22 $274.53 $409.75 Share of Expenses (Owner - Fertilizer and Pesticides) $30.60 Share of Expenses (Leasee) $195.56 Marginal Return - Over Operating Costs (Gross Revenue minus cash costs) $104.62 $78.97 $183.60 Calculated % Revenue Share (With no expenses, to equal 1/3 share amount) 25.5% Marginal Return - Over Total Costs (Gross Revenue minus all costs) $30.28 ($47.39) ($17.11) Return to Assets (ROA) not incl. Capital Gains 3.55% Lease Calculation #4 - Cash Rent Calculation Owner LeaseeTotal ($/Ac) Share of Revenue $75.00 $334.75 $409.75 Percent Share of Revenue (Total) 18.3% 81.7% Marginal Return - Over Operating Costs (Gross Revenue minus cash costs) $59.57 $124.03 $183.60 Marginal Return - Over Total Costs (Gross Revenue minus all costs) ($14.77) ($2.33) ($17.11) Return to Assets (ROA) not incl. Capital Gains 2.02% Note: This budget is only a guide and is not intended as an in-depth study of the cost of production of this industry. Interpretation and use of this information is the responsibility of the user. Successfully managing and planning your business success starts with you. Contact your local Manitoba Agriculture Office for the support, advice and resources you need to make sound decisions for the email us continued success of your farm business. If you have questions, and a will contact you. farm management specialist Created and maintained by Manitoba Agriculture Farm Management January, 2019 Roy Arnott Darren Bond Farm Management Specialist Farm Management Specialist Manitoba Agriculture
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