2011 DELIVERY
Commodity: HRWW (AC Morley)
67 acres
yeild = 3,528 bu

REVENUE:
revenue (grain) = $24,635.00
revenue (straw) = $3,263.40
TOTAL REVENUE: $27,898.40

COSTS:
Rent = $3,350.00
Soil Tests: $120.00
Burn Down = $2,593.35
Seed (certified) = $3,901.05
0-0-61 applied = $3,795
11-52-0 applied = $1,867.00
Custom No Till = $2,010.00
Fertilizer Spreader rent = $150.00
28% = $3,148.05
28% Application = $703.50
Spring Herbicide = $0.00
Spring Herbicide Application = $384.50
Crop Insurance = $350.00
Combine/buggy/trucking = $2,680
Drying/shrink = $500.00
TOTAL COSTS : - $25,552.45
TOTAL REVENUE (from above): $27,898.40
PRE-CREDIT PROFIT: $2,345.95
Credit for fertilizer applied in excess of theoretical removal = $2,545.76

PRE TAX PROFIT: $4,891.71