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2012 Cost of Potato Production

Comparisons for Idaho


Commercial Potato Production

Prepared by
University of Idaho
Extension Agricultural Economist
Paul E. Patterson

Agricultural Economics Extension Series No. 12-03


November 15, 2012

Department of Agricultural Economics


and Rural Sociology
Moscow, Idaho 83844-2334

2012 Cost of Potato Production


Comparisons for Idaho
Commercial Potato Production

Conducted by:
University of Idaho College of Agricultural and Life Sciences
Department of Agricultural Economics & Rural Sociology

Paul E. Patterson
Extension Agricultural Economist
patterson@uidaho.edu

Report Submitted to:


The Idaho Potato Commission R & E Committee, Potato Processors,
and Grower Organizations

November 15, 2012

This project is funded in part by the Idaho Potato Commission, IPC Project No. 8742, UI
Project No. BDK902, Cost of Potato Production.
Copies of the report and earlier reports can be found at: http://www.cals.uidaho.edu/aers
Click Resources then Project Reports

ii
Table of Contents
Table of Contents

Page ii

Idaho Potato Production Costs Project: Goal and Objectives

Page 1

Cost of Production Background

Page 1

2012Crop Input Costs

Page 2

Potato Cost of Production Overview


Farm Size and Potato Acreage
Input Costs
Potato Yields

Page 3-6

Fumigation Yield and Cost Dilemma

Page 6-7

Unresolved Yield Issue

Page 8

2012 Cost of Potato Production Overview and Comparison


Cost Summaries
Cost Comparisons
Adjustments

Page 8-10

Table 1.Listing of 2012 Idaho potato costs and returns estimates by region

Page 11

Table 2. Current & historical farm size and potato acreage assumptions by region

Page 11

Table 3.Current and historical interest rates, labor charges and power rates used
in costs and returns estimates

Page 12

Table 4. Current and historical fuel, water assessments and fertilizer component prices
4-a Southwestern Idaho
4-b Southcentral Idaho
4-c Eastern Idaho

Page 12
Page 13
Page 13

Table 5. Current and historical fertilizer component prices for southern Idaho:

Page 13

2010 2012 and percentage change from 2011 to 2012


Table 6. Potato yields by region for published and unpublished University of Idaho
costs and returns estimates, both with and without fumigation

Page 14

Table 7. Historical potato yields published by IASS for 2007 2011 and historical
3-year averages.

Page 14

Table 8. Historical potato yields reported by IASS for primary commercial


potato counties of eastern Idaho and historical 3-year averages.

Page 15

Table 9. Fumigation yield adjustment and percentage fumigation factors by region

Page 15

Table 10. Cost changes per acre by region from 2011 to 2012.

Page 16

iii

Table 11. Cost changes per hundredweight by region from 2011 to 2012.

Page 17

Table 12. Per acre and percentage change in costs from 2011 to 2012 for
Irrigated Russet Burbank potatoes: no storage costs

Page 18

Table 13. Per acre and percentage change in costs from 2011 to 2012 for
Page 19
Irrigated Russet Burbank potatoes: with storage costs and no fumigation
Table 14. Per acre and percentage change in costs from 2011 to 2012 for
Irrigated Russet Burbank potatoes: with storage costs and no fumigation

Page 20

Table 15.Idaho potato cost of production and storage costs by month

Page 21

Appendix

Page 22

Table 16. 2012 Southwestern Idaho commercial Russet Burbank:


fumigation and no storage potato costs and returns with comparison
to 2011

Page 23-24

Table 17. 2012 Southwestern Idaho commercial Russet Burbank:


fumigation and storage potato cost and returns with comparison to 2011

Page 25-26

Table 18. 2012 Southcentral Idaho commercial Russet Burbank:


no storage potato cost and returns with comparison to 2011

Page 27-28

Table 19. 2012 Southcentral Idaho commercial Russet Burbank:


storage potato cost and returns and comparison with 2011

Page 29-30

Table 20. 2012 Southcentral Idaho commercial Russet Burbank:


fumigation and storage potato cost and returns with comparison to 2011

Page 31-32

Table 21. 2012 Eastern Idaho- South commercial Russet Burbank:


no storage potato cost and returns with comparison to 2011

Page 33-34

Table 22. 2012 Eastern Idaho- South commercial Russet Burbank:


storage potato cost and returns with comparison to 2011

Page 35-36

Table 23. 2012 Eastern Idaho- South commercial Russet Burbank:


fumigation and storage potato cost and returns with comparison to 2011

Page 37-38

Table 24. 2012 Eastern Idaho- North commercial Russet Burbank:


storage potato cost and returns with comparison to 2011

Page 39-40

Table 25. 2012 Eastern Idaho- North Russet Burbank G3 seed:


storage potato cost and returns with comparison to 2011

Page 41-42

Costs of Potato Production in Idaho


The overall goal of this project is to provide the Idaho potato industry with an unbiased and consistently
calculated estimate of the cost of producing potatoes in three regions of Idaho and to track the change in
production costs per acre and per hundredweight over time.

The following objectives are designed to meet the project goal:


1.

To collect data from input suppliers, machinery and equipment dealers, and growers as
appropriate.

2.

To revise and update existing potato costs and returns estimates to reflect current input costs and
production practices.

3.

To develop cost of production estimates for new varieties or new or proposed production systems
as needed or as requested.

4.

To calculated changes in production costs per acre and per hundredweight and include both the
detailed and summary cost changes in an annual report.

5.

To make the annual report available to the Idaho potato industry and to present the information as
requested.

6.

To maintain a Cost of Production Advisory Committee representing the different segments of the
Idaho potato industry and to meet with this group to review the CAR estimates and to obtain
input on proposed revisions.

I would like to acknowledge the cooperation and support that I receive from all segments of the Idaho
potato industry, including growers, processors, and input suppliers. I would also like to thank the Idaho
Potato Commission for the funding I receive to support this project, IPC Project Number 8742, UI Project
number BDK902.

Cost of Production Background


The University of Idaho Department of Agricultural Economics and Rural Sociology (AERS) develops
and publishes crop costs and returns (CAR) estimates also referred to as enterprise budgets or cost of
production estimates -- for many of the major crops grown in Idaho. CAR estimates are revised and
published every other year in odd-numbered years, typically in the early winter. Crop CAR estimates
have historically been developed for four geographic regions of the state: southwestern Idaho,
southcentral Idaho, eastern Idaho, and northern Idaho. Enterprise budgets are tied to region-specific
production management systems that reflect climate and soil conditions as well as current cultural
practices. Production practices depicted in the University of Idaho CAR estimates are typical or
representative for that crop and region, recognizing that there is a wide range in production practices
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among growers, or even between fields on the same farm. Primarily because of data collection limitations
relating to sample size, these costs of production estimates do not represent a regional average.

Information used in developing production practices modeled in the CAR estimates comes from a variety
of sources, including: information from individual growers, information from grower panels, industry
fieldmen, as well as University of Idaho county Extension educators and production specialists. Both crop
and livestock CAR estimates are available from the Internet at the following URL:

http://www.cals.uidaho.edu/aers Click on Resources and then either Crops or Livestock. The crop
CAR estimates are organized by year and by region. Copies of this report and earlier reports on changes
in potato production costs in Idaho can be found at the same web address. Click on Resources and then
Project Reports.

2012 Crop Input Costs


Prices used to value inputs in the 2012 potato CAR estimates came from data collected from input
suppliers by the University of Idaho. This information is published in the Agricultural Economics
Extension Series. The Idaho Crop Input Price Summary for 2012 is available at

http://www.cals.uidaho.edu/aers/IdahoCropInputCostSummary2012.pdf

Data were collected between February and October. Sources included irrigation districts and canal
companies, agricultural lenders, crop insurance companies, trucking companies, aerial and other custom
applicators, fuel suppliers, and chemical and fertilizer dealers. Information on seed potato prices and the
cost to cut and treat potato seed was taken from a survey of Idaho seed potato growers and commercial
growers. A charge for handling and transportation is added to the FOB seed farm-based seed potato prices
to derive a seed potato cost for each region.

Machinery and equipment prices were obtained from a survey of dealers conducted between August and
December of 2010, and published in 2011 as PNW 346: The Cost of Owning and Operating Farm
Machinery in the Pacific Northwest: 2011. These prices were increased by 5% based on the annual
change in USDAs Prices Paid Machinery Index from 2010 to 2011. Irrigation equipment prices and costs
were based on Extension Bulletin 788, Economics of Sprinkler Irrigation Systems: handline, solid set &
wheelline, and Extension Bulletin 787, Economics of Low-Pressure Sprinkler Irrigation Systems: center
pivot and linear move. Irrigation system costs were also adjusted using the USDA Prices Paid Machinery
Index.

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Potato Cost of Production Overview
Cost of production estimates are influenced by assumptions made in depicting a representative or typical
farm. Farm size and acreage planted to different crops will influence costs, particularly machinery
ownership costs. It is important to recognize this when making comparisons between regions where
assumptions differ or within a region over time as the underlying assumptions change. The University of
Idaho currently has ten potato CAR estimates. Nine CAR estimates are for commercial potato production
and one is for seed production. A list of CAR estimates by region and variety is found in Table 1. Table 1
also indicates whether the CAR estimates include storage or fumigation costs.
Farm Size and Potato Acreage
Table 2 shows the farm size and potato acreage for each regions model farm for the five most recent
years when cost of production estimates were made. For 2012 the model farm in southwestern Idaho is
1,200 acres with 300 acres in potatoes, while the model farms for southcentral and eastern Idaho are 1,800
acres with 450 acres and 600 acres in potatoes, respectively. In general, operating costs are not influenced
by farm size. However, ownership costs do change with farm size, primarily because of economies of size
and scale with equipment. Equipment ownership costs per acre are strongly influenced by the number of
acres over which these costs are spread. The more acres, the lower the cost. In setting the farm size and
selecting the machinery compliment, we attempt to achieve an economically efficient combination.
Equipment that is under utilized has high ownership costs, while equipment with too many hours of use
results in unrealistically low ownership costs.
Input Costs
Some input prices are region specific, while other input prices are standardized for the entire state since
they dont vary consistently by region. Table 3 contains information on three such items: interest rates,
labor wage and benefit rates, and power costs based on Idaho Powers Service Schedule 24, and the
resulting cost per acre inch of water applied. Table 3 has values for 2012, the previous 3 years and the
percentage change from 2011 to 2012. In the costs and returns estimates, interest is charged from the time
an expenditure is made until the harvest month using the operating interest rate shown in Table 3.
Operating interest is identified as a separate line item in the CAR estimates. The intermediate interest rate
is used in calculating non-cash machinery costs. The labor used in crop production falls into four classes
shown in Table 3. Labor used to operate machinery, drive trucks, and manage pivot irrigation systems
receive a higher wage than irrigation labor used on set-move systems (handlines and wheellines) and
unskilled general farm labor used primarily during harvest to pick clods and rocks and to help with
storage and trans-loading operations. Prior to 2012, irrigation labor was not split between set-move and
continuous move irrigation systems. The labor costs include the base wage rate plus payroll taxes and

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benefit costs. These are shown as a percentage. Additional labor information is included in the
background and assumptions page that accompanies each CAR estimate.

While Idaho Powers service area does not extend to all irrigated areas of southern Idaho, it is by far the
largest supplier of power to Idaho farms and ranches and that is why it is used in the CAR estimates. The
power rates shown in Table 3 are used with a center pivot irrigation system to derive the cost per acreinch of water applied. The power demand used in the calculation is for pressurization only. The standard
assumption for each region is that surface water is delivered to the farm from a canal. Cost per acre-inch
of water applied by different irrigation systems and with different pumping lifts are found in Table 2 of
the Crop Input Cost Summary for 2012 referenced earlier.

Tables 4-a, 4-b and 4-c contain cost information on commonly used inputs where prices generally vary by
region. These include fuel (gas, farm diesel and road diesel) and irrigation water assessments. Table 4-a
shows these costs for southwestern Idaho, Table 4-b shows the costs for southcentral Idaho and Table 4-c
shows the costs for eastern Idaho.

Prior to 2008, fuel prices were determined by a survey conducted at a single point in time, typically
August. Since 2008, fuel prices found in the Crop Input Cost Summary and used in CAR estimates are the
simple average of prices collected at four times during the year: February, April, June and August. This
change was made at the request of the potato cost of production advisory committee.

Table 5 contains the fertilizer component prices from 2010 through 2012 used in the CAR estimates, and
the percentage changes from 2011 to 2012. Prior to 2009 fertilizer was collected and summarized by
region.

Potato Yields
The yield in a CAR estimate is used to calculate gross revenue and break-even prices needed to cover
costs in different categories. Yield is also the basis for certain costs, such as promotion or inspection fees
paid by growers. Yield also drives storage and transloading costs which are calculated on a
hundredweight basis. Table 6 shows the potato yields used in the University of Idahos 2012 commercial
potato CAR estimates, as well as the previous four yearss. Some values are shown only as a reference and
indicate the value we would use if we published a CAR estimate for that area and with those production
practices. Only those shown in bold type are used in CAR estimates.

Prior to 1991 there was not a consistent method used to determine potato yields in CAR estimates for all
three regions. Starting in 1991, yields in all three regions were based on USDA-NASS county or regionalpcop-12.doc

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level yield data. From 1991 to 1995, the yield was calculated using a 5-year rolling average. From 1995

through 2003 the yields used were based on a projected yield using exponential smoothing with
an alpha value of .20. This procedure eliminated the negative bias that resulted from using
historical data to calculate averages when yields were increasing rapidly. Unfortunately,
exponential smoothing also produced projected yields that varied widely from actual yield when
potato yield variation from one year to the next was substantial. To avoid this problem, the yield
calculation for CAR estimates was switched to a projected 3-year average starting in 2005. For
2006, the 3-year average consisted of two years of historical data and the third year was
projected, based on the November USDA crop production report. Starting in 2007, the 3-year
average was switched to the three most recent years of published USDA data. For the 2012 CAR
estimates, yield data for the 2009, 2010 and 2011 crops were used. The 2012 county-level data
for Idaho will not be published until October 2013, so the yields used in calculating the average
will always be lagged by one year. Yields used in the CAR estimates are rounded to the nearest 5
hundredweight. These base area yields are then adjusted to account for fumigation, a procedure described
later.

For crop reporting purposes, the Idaho NASS Field Office breaks Idaho into regions. The USDA
calculates potato yields both for individual counties within a region and for the region itself. The yield
estimates used in southwestern and southcentral Idaho CAR estimates are based on the USDA-NASS
regions and includes all the counties in that region. Prior to 2001, yields in eastern Idaho CAR estimates
were based on four major commercial potato counties: Bannock, Bingham, Bonneville and Power.
Starting in 2001, separate CAR estimates were made for commercial potato production in the southern
counties, Bannock, Bingham and Power, and the northern counties: Bonneville, Jefferson and Madison.
Starting in 2012, Jefferson County was removed from the northern countys average. (See Tables 6-8.)

Because of changes in how yields were calculated and other procedural changes, it can be difficult to
make historical comparisons going back more than one year. In this report when procedural changes
occur in cost calculations, the previous years CAR estimate is re-calculated using the new procedure so
that the year-to-year change is based on the price and quantity change of inputs, not based on procedural
changes. Because of this, the resulting costs for the previous year can be different than those published
the previous year.

The potato yields used in the 2012 CAR estimates are 10 cwt higher than those used in 2011 for eastern
Idaho, both South and North districts. Yields are the same for southwestern Idaho and are 5 cwt lower for

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southcentral Idaho. (See Table 6.) Note that for the second year, the yield for Southwestern Idaho was
switched to a Russet Burbank Adjusted Yield, which is 96% of the regions average yield.

The following section explains how the yield values used in the fumigation and non-fumigation CAR
estimates are derived.

Fumigation Yield and Cost Allocation Dilemma


Fumigation has a significant impact on per acre production costs and can also have a large impact on
potato yield and quality. For an individual grower, this is does not pose a problem because the cost and
yield increases correspond. In budgeting procedures used to generate potato CAR estimates, the cost
increase is not a problem when fumigation is included. There are, however, two yield questions that must
be considered. The first question: how much of a yield increase should be attributed to fumigation? The
second question: what should the base yield in the non-fumigation CAR estimate be? Since the county
and regional yields published by USDA contain both fumigated and non-fumigated potato acreage,
USDA values are not appropriate for either a CAR estimate with fumigation or one without fumigation
unless some attempt is made to identify and separate the fumigation yield impact in the data.

Historic yields based on USDA data are too low if used in a CAR estimate with the full cost of fumigation
included. Historic yields are too high if used in a CAR estimate when no fumigation cost is included.
Including only a partial cost for fumigation would be appropriate in calculating average production costs,
but not for calculating typical costs where fumigation is either used or it is not. In addition, the methods
used by the University of Idaho to obtain farmer production practice data is not consistent with
calculating average production costs for a region. Using the USDA yield data and including a partial
fumigation cost in a typical budget is not appropriate as it gives the appearance that fumigation is less
expensive then it actually is.

The USDA county-level or regional potato yield data are used to calculate a 3-year average yield for a
given area. These procedures were discussed in the previous section. This base area yield value is set
equal to the weighted average of the fumigated yield and the non-fumigated yield as shown in the
following formula. The weights are estimated percentages of potato acres in that region that are fumigated
and not fumigate, respectively. The yield adjustment attributable to fumigation as well as the percentage
of acres fumigated in each region is shown in Table 9.

Fumigation Yield Adjustment Factor

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(% of acres not fumigated x Y) + (% acres fumigated x FY) = Area Average Yield,
Where Y = non-fumigation yield,
FY = fumigation yield, and
FY = Y + fumigation yield adjustment
The following example illustrates how the fumigation adjustment factor was used, given an area yield of
400 cwt, with 60 percent of the potato acreage fumigated and a fumigation yield adjustment of 50
hundredweight per acre. Set up the equation as shown below and solve for Y.

.4Y

.6 (Y+50)

400

.4Y

.6Y + 30

400

1.0 Y

30

400

370

And

FY

420

Check:

.4 x 370

.6 x 420

400

Fumigation yield in this example is 420 and non-fumigation yield is 370, while the area average is 400.
The fumigation CAR estimate would include the full cost of fumigation and the non-fumigation would
have no fumigation costs. Thus, the costs and yields would correspond.

Note: There are limitations to this type of adjustment and there is a lack of publicly available data on
which to base fumigation estimates. While not perfect, using this methodology does reduce the previous
negative bias that occurred when calculating costs per hundredweight when the benefit of fumigation on
yield was included in the region or county yields, but the cost of fumigation was not. Comments from the
potato industry on how to improve this procedure are encouraged, particularly on how to improve the
values shown in Table 9. Using the percentages of acres fumigated from Table 9 and the number of potato
acres grown in each region produces a statewide weighted-average of approximately 45 percent of the
potato acreage being fumigated. This falls within the ranges of values of 45-55 percent given by
knowledgeable people in the industry.

Unresolved Yield Issue


Regardless of how the area potato yields are calculated, how does this yield compare to the growers paid
yield? The answer will vary depending on whether the potatoes are sold in the fresh or in the process
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market. The yield data from USDA includes all tubers greater than 1-1/2 inches. Since the University of
Idaho CAR estimates do not segment the yield into size and grade components that would sell for
different prices, the breakeven prices shown in the CAR estimates are what the grower would have to
average in order to cover costs. The implicit assumption is that the yields shown in the CAR estimates are
a paid yield. But with unusable averaging around 8 percent for processing potatoes, the yield shown in the
UI CAR estimates is greater than what growers would be paid on. This issue may not be resolved in the
CAR estimates, but it certainly needs to be addressed if the potato industry uses the values from these
CAR estimates to justify contract base prices and incentives. The underlying issue is whether per the per
acre cost and the changes in per acres costs from year-to-year is a better measure to use than cost per
hundredweight and the change in per hundredweight costs from year-to-year.

2012 Cost of Potato Production Overview and Comparison


Direct comparisons with previously published estimates should not be made without accounting for
differences in procedures and assumptions. Procedural adjustments were made in several calculations
between 2011 and 2012. These are discussed later.

Note that beginning with the 2003 CAR estimates, the non-storage CAR estimates model a
situation where potatoes are trans-loaded to a semi-trailer, rather than being hauled directly to
the plant or processor storage in field trucks, which was the assumption prior to 2003. The semitrailer is hired, not owned, so it shows up as a custom hauling expense. The labor costs for the
crew at the transloading point must also be accounted for. The assumption used in the U of I
CAR estimates is that the transloading crew is the same as the cellar crew used when potatoes
are placed in storage. Transloading labor is included in the transloading operating expense, and
is not included in the labor cost category. There is also an ownership cost in the non-storage
CAR estimates to account for depreciation, interest and insurance on the trans-loading
equipment. The trans-loading equipment includes most but not all the equipment that is used in
the storage CAR estimates and includes: conveyers, even-flow bin, eliminator/sizer, and piler.
Information regarding the specific farm situation for each CAR estimate, i.e. farm size, tillage,
cultivation, fertilization practices, irrigation method, etc., is discussed on the background and
assumptions page that is included with published CAR estimates, but not included in this report.
Cost Summaries
Table 10 summarizes the dollar values per acre for operating, ownership and total costs for 2011 and
2012, as well as the change per acre between these two years measured both in dollars and as a

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percentage. Table 10 includes eight of the nine commercial potato budgets published by the University of
Idaho. The CAR estimates in Table 10 are grouped by region. The changes in operating costs per acre
were all positive, ranging from a $133 to $240. Ownership costs increased for potato CAR estimates,
ranging from $37 to $71 per acre. Total costs per acre increased for all the CAR estimates, ranging from
$180 to $311. On a percentage basis, operating costs changes ranged from 6.3% to 9.2%. Percentage
ownership costs per acre increases ranged from 3.1 to 5.7%, while total costs percentage increases ranged
from 5.2% to 8.1%.

Table 11 is organized the same as Table 10, but shows the dollar values and percentage cost change per
hundredweight. When yield from one year to the next remains the same, the percentage change per acre
and per hundredweight are the same. But with yields used in the CAR estimates up in eastern Idaho and
down in southcentral Idaho, percentage increases per hundredweight were different in those regions in
comparison to percentage changes in costs per acre. The change in operating costs per hundredweight
ranged from $0.22 to $0.45. The increase in ownership costs per hundredweight ranged from $0.05 to
$0.13. Increases in total costs per hundredweight ranged from $0.27 to $0.59. On a percentage basis, the
operating costs per hundredweight increases ranged from 4.3% to 9.2%. Percentage increases in
ownership costs per hundredweight ranged from 1.9% to 5.7%, while total cost increases ranged from
3.5% to plus 8.1%.

Tables 12, 13 and 14 show the dollar and percentage changes per acre by major cost category for the nonstorage, storage and storage with fumigation CAR estimates, respectively. This allows for a side-by-side
comparison across regions of potato CAR estimates in the same production category. Making cost
comparisons between regions may not always be appropriate, however, because of difference in the
assumed management practices and farm sizes. Management practices for southcentral and southeastern
Idaho are fairly similar, making direct comparisons more meaningful. The detailed CAR estimates for
each production system and region are shown in the appendix, starting on page 23.

Cost Comparisons
CAR estimates without storage ranged from $2,776 per acre in eastern Idaho (nofumigation) up to $4,167
in southwestern Idaho (with fumigation). CAR estimates with the standard 4-1/2 months of storage costs
ranged from $3,038 in eastern Idaho (no fumigation) to a high of $4,528 in southwestern Idaho (with
fumigation). The range in values per hundredweight is not so extreme. Without storage costs, cost per
hundredweight ranged from $$7.40 in eastern Idaho up to $7.86 in southwestern Idaho In storage CAR
estimates, costs per hundredweight ranged from a low of $8.10 in eastern Idaho without fumigation up to
$8.54 in southwestern Idaho where fumigation is the standard.
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Seed costs were down in 2012 compared to 2011. Operating interest paid was also down in 2012
compared to 2011 because of the lower interest rate, in spite of an overall increase in operating expenses.
Storag operating costs declined in southcentral Idaho because of the lower yields, and in southwestern
Idaho because the lower interest rate more than offset the increase in other storage operating costs.

Depreciation and interest on equipment was only slightly higher in spite of a 5% increase in machinery
prices. The lower interest rate used kept the increase to aound 1%. Land costs were up as rental rates
move higher with the higher commodity prices. Because operating costs increased, overhead went up as
well since it is calculated as a percentage of the overall operating expenses.

Adjustments for 2012


Changes in insectides applied because of the threat of Zebra Chip was factored in. The biggest change
was in southwestern Idaho and the smallest change was in eastern Idaho. Treating for potato psyllids also
increased custom costs as the additional insecticides were often applied by air. Assumptions used to
calculate miles on pickups and trucks were reviewed and applied consistently across all regions, which
resulted in some minor changes in fuel use. The wage rate used for irrigation labor was increased to the
same rate as that used for machinery labor to reflect the higher quality of labor used to manage pivots
compared to the labor used for set-move irrigation systems.

A new table, Table 15, was added this year. This table shows the base cost of rasing and harvesting
potatoes. It then shows the storage repair and operating costs, and the resulting cost of production and
storage by month. The numbers shown in bold are for the 4-1/2 months of storage used in the storage
CAR estimates.

The values shown for 2011 were re-calculated using the new procedures for consistency.

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Table 1.Idaho potato costs and returns estimates by region for 2012.
Region/Publication No.
Commercial Potatoes

Variety

Storage

Fumigation

Southwestern:
EBB2-Po1-12
EBB2-Po3-12

Russet Burbank
Russet Burbank

No
Yes

Yes
Yes

Southcentral:
EBB3-Po1-12
EBB3-Po2-12
EBB3-Po3-12

Russet Burbank
Russet Burbank
Russet Burbank

No
Yes
Yes

No
No
Yes

Eastern South Counties:


EBB4-Po1-12
EBB4-Po5-12
EBB4-Po6-12

Russet Burbank
Russet Burbank
Russet Burbank

No
Yes
Yes

No
No
Yes

Eastern North Counties:


EBB4-Po2-12

Russet Burbank

Yes

No

G3 Russet Burbank

Yes

No

Seed
Eastern Seed Counties
EBB4-Po4-12

Eastern South Counties: Bannock, Bingham and Power.


Eastern North Counties: Bonneville and Madison. Jefferson County was dropped in 2012.

Table 2. Model farm size and potato acreage assumptions by region: 2008- 2012.
2008
2009
2010
2011
2012
Farm Potato Farm Potato Farm Potato Farm Potato Farm Potato
Southwestern

1000

250

1200

300

1200

300

1200

300

1200

300

Southcentral

1500

375

1800

450

1800

450

1800

450

1800

450

Eastern

1500

500

1800

600

1800

600

1800

600

1800

600

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Table 3. Interest rates, labor charges and power rates used in CAR estimates: 2009 2012 and
percentage changes from 2011 to 2012.
2009
2010
2011
2012
Change
Operating Interest Rate
Intermediate Interest Rate
Labor Class (overhead)
Equipment Operator Labor (30%)
Truck Driver Labor
Irrigation Labor (30%)
Irrigation Labor: HL & WL (30%)
Irrigation Labor: CP (25%)
General Farm Labor (15%)

6.75%
7.0%

7.0%
7.5%

6.75%
7.0%

6.0%
6.25%

-11.1%
-10.7%

$15.60

$15.80
$12.50
$11.25

$16.25
$13.00
$11.55
$11.55
$16.25
$9.55

$17.50
$13.50

+7.7%
+3.8%

$12.35
$17.50
$10.05

+6.9%
+7.7%
+5.2%

$18.18
$5.65
4.6168
0.0114
4.6282

$22.00
$6.54
4.584
0.1295
47135

+21%
+16%
-0.7%
+1,036%
+1.84%

$1.47

$1.56

+6.1%

$11.05

$9.20

$9.30

Power Rate: Idaho Power Irrigation Service Schedule 24


Monthly Service Charge
$15.75
$17.92
Demand Charge: irrigation season
$4.90
$ 5.57
Base Rate: per kWh
3.9397
4.4822
Power Cost Adjustment per kWh
1.4022
0.3114
Effective Rate: per kWh
5.3419
4.7936
Pumping Cost per Acre Inch

$1.72

$1.50

Pumping cost is calculated using Idaho Power Company rates for a 160-acre center pivot with a corner
system: 69% pumping plant efficiency and with zero lift. Pumping costs per acre-inch at different lifts (0-,
100-, 200- and 300-feet) and different irrigation systems (center pivots without corner systems and
wheellines) can be found in the Idaho Crop Input Cost Summary for 2012.

Table 4-a. Current and historical fuel and water assessment prices for southwestern Idaho: 2009
2012 and percentage change from 2011 to 2012.
2009
2010
2011
2012
Change
Gasoline
Off-Road Diesel
Road Diesel

$2.30
$2.00
$2.50

$3.00
$2.65
$3.15

$3.50
$3.50
$4.00

$3.60
$3.55
$4.05

+2.9%
+1.4%
+1.25%

Water Assessment

$43.25

$45.55

$45.85

$45.85

+0%

pcop-12.doc

University of Idaho

November 15, 2012

13
Table 4-b. Current and historical fuel and water assessment prices for southcentral Idaho: 2009
2012 and percentage change from 2011 to 2012.
2009
2010
2011
2012
Change
Gasoline
Off-Road Diesel
Road Diesel

$2.25
$1.95
$2.45

$3.00
$2.60
$3.10

$3.50
$3.45
$3.95

$3.55
$3.50
$4.00

+1.43%
+1.45%
+1.25%

Water Assessment

$38.20

$42.20

$41.30

$44.15

+6.9%

Table 4-c. Current and historical fuel and water assessment prices for eastern Idaho: 2009 2012
and percentage change from 2011 to 2012.
2009
2010
2011
2012
Change
Gasoline
Off-Road Diesel
Road Diesel

$2.20
$1.95
$2.45

$2.90
$2.55
$3.05

$3.45
$3.35
$3.85

$3.50
$3.50
$4.00

+1.45%
+4.5%
+3.9%

Water Assessment
E. Idaho South District
E. Idaho North District

$14.55
$25.00
$11.05

$14.80
$25.00
$11.40

$14.60
$30.00
$11.55

$14.70
$30.00
$11.65$

+0.7%
+0%
+0.9%

Table 5. Current and historical fertilizer component prices for southern Idaho: 2009 2012 and
percentage change from 2011 to 2012.
2009
2010
2011
2012
Change
Dry Nitrogen (46-0-0)
Liquid Nitrogen (32-0-0)
P2O5 Dry (11-52-0)*
P2O5 Liquid (10-34-0)*
K2O (0-0-60)
Sulfur

$0.50
$0.56
$0.46
$0.63
$0.69
$0.19

$0.47
$0.48
$0.34
$0.50
$0.43
$0.17

$0.61
$0.70
$0.57
$0.76
$0.51
$0.22

$0.69
$0.75
$0.60
$0.91
$0.57
$0.25

+13%
+7.1%
+5.3%
+20%
+12%
+14%

*Nitrogen in 11-52-0 and 10-340 was valued at the price of N in urea and Solution 32, respectively.

pcop-12.doc

University of Idaho

November 15, 2012

14
Table 6. Calculated potato yields used in published University of Idaho costs and returns
estimates by region, both with and without fumigation: 2006 - 2011. *
Area
2008
2009
2010
2011
2012
cwt
cwt
cwt
Southwest Region: Base Yield
Potatoes: No Fumigation
Potatoes: Fumigation
Adj. Russet Burbank: Fumigation

480
440
505

500
465
530
515

510
470
535
515

530
490
555
530

530
485
550
530

Southcentral Region: Base Yield


Russet Burbank: No Fumigation
Russet Burbank: Fumigation

425
400
455

435
410
465

445
415
470

445
420
475

440
415
470

Eastern Region: Russet Burbank: Base

350

South Counties* : Base Yield


South: No Fumigation
South: Fumigation

365
345
390

370
350
395

385
365
410

385
365
410

395
375
420

345
335
375

360
350
390

North Counties*: Base Yield


North: No Fumigation
North: Fumigation

Note: Values in bold indicate published CAR estimates. There are no published CAR estimates for those
not in bold. These are shown only for reference and comparison.
*Eastern Idaho North Counties: Bonneville and Madison. Jefferson County was dropped in 2012.
*Eastern Idaho South Counties: Bannock, Bingham and Power.
Note: Russet Burbank adjustment factor on SWI is -4%. This was first used in 2011.

Table 7. Potato yields published by USDA for crop years 2007 - 2011 and the 3-year averages based
on the most recent published data.
3-Year
Area
2007
2008
2009
2010
2011
Average
Southwest Region
Southcentral Region
Eastern Region
South District
North District

490
420
347
368
300

540
445
350
376
325

500
466
390
405
377

545
428
357
375
339

540
429
383
399
369

528
441
377
393
380

Statewide

373

383

415

384

404

401

Source: USDA-NASS.
Note: Yields for Eastern North District are the revised yields that include only Bonneville and Madison
Counties.

pcop-12.doc

University of Idaho

November 15, 2012

15

Table 8. Historical potato yields reported by USDA for the primary commercial potato counties
in eastern Idaho for 2007 - 2011 and historical 3-year average for crop year.
3-Year
2007
Area
2008
2009
2010
2011
Average
North District Counties:
Bonneville
Madison

278
321

330
319

373
381

355
323

370
367

366
357

300

325

377

339

369

362

Jefferson

426

391

472

412

471

452

South District Counties:


Bannock
Bingham
Power

372
346
386

386
367
376

409
385
422

367
367
391

na
384
414

379
409

368

376

405

375

399

393

2-county Average

3-county Average

Source: USDA-NASS.
Note: Jefferson County was dropped from the North District in 2012 (2011 potato crop year).
Values for previous years were re-calculated using only Bonneville and Madison counties.

Table 9. Fumigation percentage by region and yield adjustment factors by region.


Region
Acres Fumigated
Fumigation Adjustment
Southwest
Southcentral
Southeastern
South District
North District

60%
50%

+ 65 cwt
+ 55 cwt

45%
30%

+ 45 cwt
+ 40 cwt

Note: current values have been used since 2007 when fumigated percentages were increased by 5
percentage points in all regions.

pcop-12.doc

University of Idaho

November 15, 2012

16

Table 10. Cost changes per acre by region from 2011 to 2012, University of Idaho.

R.Burbank:
No Storage

R.Burbank:
Storage

R.Burbank:
Fumigation &
Storage

R.Burbank:
No Storage

R.Burbank:
Storage

R.Burbank:
Fumigation &
Storage

Eastern Idaho-South

R. Burbank:
Fumigation &
Storage

Southcentral Idaho

R. Burbank:
Fumigation &
No Storage

Southwestern Idaho

Po1

Po3

Po1

Po2

Po3

Po1

Po5

Po6

2011 Op. Cost

$2,606

$2,783

$2,006

$2,159

$2,568

$1,741

$1,872

$2,209

2012 Op. Cost

$2,846

$3,014

$2,173

$2,305

$2,730

$1,887

$2,006

$2,366

$ Change

$240

$231

$167

$146

$162

$146

$133

$157

% Change

9.2%

8.3%

8.3%

6.8%

6.3%

8.4%

7.1%

7.1%

2011 Own. Cost

$1,250

$1,443

$1,030

$1,192

$1,222

$848

$986

$1,010

2012 Own. Cost

$1,321

$1,513

$1,069

$1,229

$1,259

$889

$1,032

$1,056

$ Change

$71

$70

$39

$37

$37

$41

$46

$46

% Change

5.7%

4.9%

3.8%

3.1%

3.1%

4.9%

4.7%

4.6%

2011 Total Cost

$3,856

$4,226

$3,036

$3,351

$3,790

$2,589

$2,858

$3,219

2012 Total Cost

$4,167

$4,528

$3,242

$3,534

$3,989

$2,776

$3,038

$3,423

$ Change

$311

$302

$206

$183

$199

$187

$180

$204

% Change

8.1%

7.1%

6.8%

5.5%

5.2%

7.2%

6.3%

6.3%

Note: rounded values may not add up.


Op. = Operating and Own. = Ownership

Summary per Acre

University of Idaho

11/7/2012

17

Table 11. Cost changes per hundredweight by region from 2011 to 2012, University of Idaho.

R.Burbank:
No Storage

R.Burbank:
Storage

R.Burbank:
Fumigation &
Storage

R.Burbank:
No Storage

R.Burbank:
Storage

R.Burbank:
Fumigation &
Storage

Eastern Idaho-South

R. Burbank:
Fumigation &
Storage

Southcentral Idaho

R. Burbank:
Fumigation &
No Storage

Southwestern Idaho

Po1

Po3

Po1

Po2

Po3

Po1

Po5

Po6

2011 Op. Cost

$4.92

$5.25

$4.78

$5.14

$5.41

$4.77

$5.13

$5.39

2012 Op. Cost

$5.37

$5.69

$5.24

$5.55

$5.81

$5.03

$5.35

$5.63

$ Change

$0.45

$0.44

$0.46

$0.41

$0.40

$0.26

$0.22

$0.25

% Change

9.2%

8.3%

9.6%

8.0%

7.4%

5.5%

4.3%

4.6%

2011 Own. Cost

$2.36

$2.72

$2.45

$2.84

$2.57

$2.32

$2.70

$2.46

2012 Own. Cost

$2.49

$2.86

$2.58

$2.96

$2.68

$2.37

$2.75

$2.51

$ Change

$0.13

$0.13

$0.12

$0.12

$0.11

$0.05

$0.05

$0.05

% Change

5.7%

4.9%

5.0%

4.4%

4.2%

2.1%

1.9%

2.1%

2011 Total Cost

$7.28

$7.97

$7.23

$7.98

$7.98

$7.09

$7.83

$7.85

2012 Total Cost

$7.86

$8.54

$7.81

$8.52

$8.49

$7.40

$8.10

$8.15

$ Change

$0.59

$0.57

$0.58

$0.54

$0.51

$0.31

$0.27

$0.30

% Change

8.1%

7.1%

8.1%

6.7%

6.4%

4.4%

3.5%

3.8%

Note: rounded values may not add up.


Op. = Operating and Own. = Ownership

Summary per CWT

University of Idaho

11/7/2012

18

Table 12. Per acre and percentage change in costs from 2011 to 2012 for irrigated
Russet Burbank potatoes: no storage costs.
Item
Yield

Operating Inputs

Southwestern Idaho
Change from 2010

Southcentral Idaho
Change from 2010

Eastern Idaho
Change from 2010

0.0%

-5

-1.2%

10

2.7%

-$17.25

-4.8%

-$15.75

-5.0%

Seed:

-$18.00

Fertilizer:

$73.50

11.4%

$56.05

11.0%

$59.60

12.8%

Pesticides & Chemicals:

$115.83

22.6%

$72.89

29.4%

$49.94

27.2%

Custom & Consultants:

$40.20

13.5%

$30.00

13.5%

$25.70

13.8%

Irrigation:

$4.20

3.7%

$6.22

6.5%

$2.77

3.7%

Machinery: Fuel & Repairs

$6.70

3.9%

$6.16

3.7%

$8.38

5.5%

Labor

$10.31

6.4%

$9.41

6.5%

$8.60

6.4%

Transload

$5.30

6.9%

$3.43

5.6%

$5.20

9.8%

Other: Fees & Crop Insurance

$2.00

1.4%

$1.15

0.9%

$3.70

3.1%

-$0.46
$239.58

-0.5%
9.2%

-$0.78
$167.28

-1.2%
8.3%

-$2.41
$145.72

-4.3%
8.4%

$0.45

9.2%

$0.46

9.6%

$0.26

5.5%

Transloading Equipment

$4.00

5.3%

$2.50

4.2%

$2.00

3.8%

Tractors & Equipment

$2.00

0.9%

$2.00

1.1%

$1.00

0.6%

Land *

$50.00

7.1%

$25.00

4.2%

$30.00

6.7%

Overhead

$5.00

7.7%

$4.00

8.2%

$3.00

7.0%

Management Fee

$10.00

5.4%

$5.00

3.6%

$5.00

3.8%

Total Ownership Costs

$71.39

5.7%

$38.78

3.8%

$41.28

4.9%

Ownership Costs per Unit

$0.13

5.7%

$0.12

5.0%

$0.05

2.1%

$310.97

8.1%

$206.06

6.8%

$187.00

7.2%

$0.59

8.1%

$0.58

8.1%

$0.31

4.4%

Operating Interest
Total Operating Costs
Operating Costs per Unit

-4.6%

Ownership Costs:

Total Costs:
Total Costs per Acre
Total Cost per Unit

http://www.cals.uidaho.edu/aers

No Stor % Change

Click on: Resources

Click on: Project Reports

University of Idaho

11/7/2012

19

Table 13. Per acre and percentage change in costs from 2011 to 2012 for
irrigated Russet Burbank potatoes: with storage costs & no fumigation.
Item
Yield

Southcentral Idaho
Change from 2010

Eastern Idaho
Change from 2010

-5

-1.2%

10

2.7%

Seed:

-$17.25

-4.8%

-$15.75

-5.0%

Fertilizer:

$56.05

11.0%

$59.60

12.8%

Pesticides & Cehmicals:

$72.89

29.4%

$49.94

27.2%

Custom & Consultants:

$19.30

25.5%

$10.95

18.6%

Irrigation:

$6.22

6.5%

$2.77

3.7%

Machinery:

$6.16

3.7%

$8.38

5.5%

Labor:

$9.41

6.5%

$8.60

6.4%

Storage:

-$6.39

-1.8%

$6.77

2.1%

Other: Fees & Crop Insurance

$1.15

0.9%

$3.53

3.0%

-$1.66
$145.88

-2.5%
6.8%

-$1.31
$133.47

-2.4%
7.1%

$0.41

8.0%

$0.22

4.3%

Potato Storage System

$2.00

1.0%

$7.00

4.1%

Tractors & Equipment

$2.00

1.1%

$1.00

0.6%

Land *

$25.00

4.2%

$30.00

6.7%

Overhead

$3.00

5.6%

$3.00

6.4%

Management Fee

$5.00

3.1%

$5.00

3.4%

Total Ownership Costs

$37.28

3.1%

$46.28

4.7%

Ownership Costs per Unit

$0.12

4.4%

$0.05

1.9%

$183.16

5.5%

$179.75

6.3%

$0.54

6.7%

$0.27

3.5%

Operating Inputs

Operating Interest
Total Operating Costs
Operating Costs per Unit

Ownership Costs:

Total Costs:
Total Costs per Acre
Total Cost per Unit

http://www.cals.uidaho.edu/aers

Stor % Change

Click on: Resources

University of Idaho

Click on: Project Reports

11/7/2012

20

Table 14. Per acre and percentage change in costs from 2011 to 2012 for irrigated
Russet Burbank potatoes: with storage costs & fumigation.
Item
Yield

Southwestern Idaho
Change from 2010

Southcentral Idaho
Change from 2010

Eastern Idaho
Change from 2010

0.0%

-5

-1.1%

10

2.4%

-$18.00

-4.6%

-$17.25

-4.8%

-$15.75

-5.0%

Fertilizer:

$73.50

11.4%

$60.45

10.9%

$69.70

13.9%

Pesticides & Chemicals:

$115.82

22.6%

$78.89

16.3%

$67.39

19.0%

Custom & Consultants:

$40.60

42.7%

$24.30

22.0%

$7.30

7.1%

Irrigation:

$4.20

3.7%

$6.45

6.5%

$3.13

3.9%

Machinery:

$6.75

3.9%

$6.38

3.7%

$8.57

5.5%

Labor:

$10.31

6.4%

$9.72

6.4%

$8.92

6.4%

Storage:
Other: Fees & Crop Insurance

-$2.65
$2.00

-0.6%
1.4%

-$6.67
$2.15

-1.6%
1.6%

$6.54
$3.53

1.8%
2.8%

-$1.14
$231.39

-1.2%
8.3%

-$2.88
$161.54

-3.3%
6.3%

-$2.10
$157.22

-2.8%
7.1%

$0.44

8.3%

$0.40

7.4%

$0.25

4.6%

$3.00

1.2%

$2.00

0.9%

$7.00

3.6%

Tractors & Equipment

$2.00

0.9%

$2.00

1.1%

$1.00

0.6%

Land *

$50.00

7.1%

$25.00

4.2%

$30.00

6.7%

Overhead
Management Fee

$5.00
$10.00

7.1%
5.0%

$3.00
$5.00

5.6%
3.1%

$3.00
$5.00

6.4%
3.4%

Total Ownership Costs

$70.39

4.9%

$37.33

3.1%

$46.28

4.6%

Ownership Costs per Unit

$0.13

4.9%

$0.11

4.2%

$0.05

2.1%

$301.78

7.1%

$198.87

5.2%

$203.50

6.3%

$0.57

7.1%

$0.51

6.4%

$0.30

3.8%

Operating Inputs
Seed:

Operating Interest
Total Operating Costs
Operating Costs per Unit

Ownership Costs:
Potato Storage System

Total Costs:
Total Costs per Acre
Total Cost per Unit

http://www.cals.uidaho.edu/aers

Stor & Fum % Change

Click on: Resources

Click on: Project Reports

University of Idaho

11/7/2012

21

Table 15. 2012 Idaho potato base cost of production, monthly storage costs and
cumulative production and storage costs by region: base + monthly storage costs.
Storage Op.
Costs

SWI

SCI

EI-S

EI-N

Base

$7.21

$7.18

$6.77

$6.69

Storage Ownership

$0.48

$0.48

$0.48

$0.48

Base + Storage Ownership

$7.69

$7.66

$7.25

$7.17

$8.09
$8.27
$8.36
$8.45
$8.55
$8.64
$8.83
$8.95
$9.08

$8.06
$8.24
$8.33
$8.42
$8.52
$8.61
$8.80
$8.92
$9.05

$7.65
$7.83
$7.92
$8.01
$8.11
$8.20
$8.39
$8.51
$8.64

$7.57
$7.75
$7.84
$7.93
$8.03
$8.12
$8.31
$8.43
$8.56

Storage System Repairs

October
November*
December
January
February
March
April*
May
June

$0.061
Cumulative
Storage Op.
Costs
$0.34
$0.52
$0.61
$0.71
$0.80
$0.89
$1.09
$1.20
$1.33

SWI = Southwestern Idaho


SCI - Southcentral Idaho (Magic Valley), No Fumigation
SEI-S = Eastern Idaho - Southern Counties (Bannock, Bingham & Power), No Fumigation
EI-N = Eastern Idaho - Northern Counties (Bonneville & Madison), No Fumigation
Base includes the cost to grow and harvest potatoes, not including storage or transloading.
Storage operating costs include: repairs (shown separately), plus monthly operating costs:
labor, power, chemicals, interest, shrink & insurance.
* Sprout inhibitor applied.
The values shown in bold correspond to the standare 4-1/2 months of storage assumed in the
potato costs and returns estimates that include storage.
Cumulative storage operating expenses are calculated to the end of the month.

Monthly Storage

University of Idaho

11/7/12

Appendix

Table 16. 2012 Southwestern Idaho Irrigated Russet Burbank Commercial


Potatoes: With Fumigation and No Storage. Comparison with 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

23

Final 11/7/2012

Value or
Cost/Acre

Comparison

$3,975.00

2011
530

$ Change

% Change

$330.00
$39.60

$387.60
$349.20
$38.40

-$18.00
-$19.20
$1.20

-4.6%
-5.5%
3.1%

$144.90
$138.00
$151.05
$28.75
$52.00
$146.25
$59.15

$646.60
$122.00
$128.25
$135.15
$25.30
$50.00
$136.50
$49.40

$73.50
$22.90
$9.75
$15.90
$3.45
$2.00
$9.75
$9.75

11.4%
18.8%
7.6%
11.8%
13.6%
4.0%
7.1%
19.7%

$262.50
$10.80
$21.20
$38.50
$25.00
$45.15
$12.60
$10.10
$6.98
$13.60
$16.20
$37.68
$70.00
$34.20
$0.00
$0.00
$22.85

$511.53
$276.50
$10.80
$23.20
$41.30
$24.20
$44.10
$16.00
$9.50
$6.98
$14.64
$0.00
$0.00
$0.00
$0.00
$8.06
$6.75
$29.50

$115.83
-$14.00
$0.00
-$2.00
-$2.80
$0.80
$1.05
-$3.40
$0.60
$0.00
-$1.04
$16.20
$37.68
$70.00
$34.20
-$8.06
-$6.75
-$6.65

22.6%
-5.1%
0.0%
-8.6%
-6.8%
3.3%
2.4%
-21.3%
6.3%
0.0%
-7.1%

$296.80
$32.00
$19.00
$22.00
$33.00
$190.80

$40.20
$3.00
-$0.50
$0.00
$36.60
-$9.50
$10.60

-28.8%
5.6%

$45.85
$54.60
$16.80

$113.05
$45.85
$51.45
$15.75

$4.20
$0.00
$3.15
$1.05

3.7%
0.0%
6.1%
6.7%

$6.08
$82.01
$8.18
$14.45
$67.06

$171.08
$5.92
$80.85
$8.08
$14.23
$62.00

$6.70
$0.16
$1.16
$0.10
$0.22
$5.06

3.9%
2.8%
1.4%
1.2%
1.5%
8.2%

$56.53
$33.48
$42.70
$40.00

$162.39
$52.49
$32.24
$39.65
$38.01

$10.31
$4.04
$1.24
$3.05
$1.99

6.4%
7.7%
3.8%
7.7%
5.2%

$67.84
$14.31

$76.85
$63.60
$13.25

$5.30
$4.24
$1.06

6.9%
6.7%
8.0%

$60.00
$90.10

$148.10
$58.00
$90.10

$2.00
$2.00
$0.00

1.4%
3.4%
0.0%

$92.15

-$0.46

-0.5%

Total Operating Costs


Operating Costs per Unit

$2,846
$5.37

$2,606
$4.92

$239.58
$0.45

9.2%
9.2%

Net Returns Above Operating Expenses

$1,129

$1,297

Gross Returns
Potatoes

530

$7.50

cwt

Operating Inputs
Seed:
G-3 Burbank Potato Seed
Seed Cutting
Fertilizer:
Dry Nitrogen - Preplant
Dry P2O5
K2O
Sulfur
Micronutrients & Foliars
Liquid Nitrogen
Liquid P2O5
Pesticides & Chemicals:
K-Pam
Potato Seed Treatment
Admire Pro
Quadris Flowable (2x)
Eptam 7E
Endura (2x)
Metribuzin 75DF
Prowl 3.3EC
Bravo Weather Stik
Dithane F45 Rainshield
Gavel 75DF
Fulfill
Movento (2x)
Agri-Mek 0.15EC (3x)
Asana XL
Leverage 2.7
Reglone
Custom & Consultants:
Custom Fumigate: Deep Inject
Custom Fertilize
Consultant
Custom Air Spray-5G
Custom Air Spray-10G
Custom Hauling

$369.60
24
24

cwt
cwt

$13.75
$1.65

210
230
265
115
2
195
65

lb
lb
lb
lb
ac
lb
lb

$0.69
$0.60
$0.57
$0.25
$26.00
$0.75
$0.91

gal
cwt
fl oz
fl oz
pt
oz
lb
pt
pt
qt
lb
oz
fl oz
fl oz
fl oz
fl oz
qt

$7.50
$0.45
$2.65
$2.75
$6.25
$6.45
$12.60
$5.05
$4.65
$8.50
$8.10
$6.85
$7.00
$0.95
$0.84
$1.80
$22.85

$720.10

$627.35
35
24
8.0
14.0
4.0
7.0
1.0
2.0
1.5
1.6
2.0
5.50
10.00
36.0
0.00
0.00
1.0

$337.00
1
2
1
4
2
530

ac
ac
ac
ac
ac
cwt

$35.00
$9.25
$22.00
$9.15
$11.75
$0.38

1
35
35

ac
acin
acin

$45.85
$1.56
$0.48

Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repairs

1.69
23.1
2.02
1
1

gal
gal
gal
ac
ac

$3.60
$3.55
$4.05
$14.45
$67.06

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.23
2.48
2.44
3.98

hr
hr
hr
hr

$17.50
$13.50
$17.50
$10.05

Transload:
Transloading Costs
Transloading Equipment Repair

530
530

cwt
cwt

$0.128
$0.027

Other:
Crop Insurance
Fees & Assessments

1
530

ac
cwt

$60.00
$0.17

Irrigation:
Water Assessment
Irrigation Power-CP *
Irrigation Repairs-CP *

$117.25

$177.78

$172.70

$82.15

$150.10

Operating Interest @ 6.0%

SWI-Po1-12

$35.00
$18.50
$22.00
$36.60
$23.50
$201.40

$91.69

University of Idaho

Yield Change
0
0.0%

-22.5%
13.5%
9.4%
-2.6%
0.0%

Table 16. 2012 Southwestern Idaho Irrigated Russet Burbank Commercial


Potatoes: With Fumigation and No Storage. Comparison with 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

24

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Transloading Equipment
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land *
Overhead
Management Fee

Comparison

$80.00
$6.29
$220.00

$76.00
$5.90
$218.00

$4.00
$0.39
$2.00

5.3%
6.6%
0.9%

$750.00
$70.00
$195.00

$700.00
$65.00
$185.00

$50.00
$5.00
$10.00

7.1%
7.7%
5.4%

Total Ownership Costs


Ownership Costs per Unit

$1,321
$2.49

$1,250
$2.36

$71.39
$0.13

5.7%
5.7%

Total Costs per Acre


Total Cost per Unit

$4,167
$7.86

$3,856
$7.28

$310.97
$0.59

8.1%
8.1%

-$192

-$177

-$15

Returns to Risk
Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Breakeven Analysis:

10%

Base

+
10%

477

Yield
530

583

Operating Cost Breakeven

$5.97

$5.37

$4.88

Ownership Cost Breakeven

$2.77

$2.49

$2.27

Total Cost Breakeven

$8.74

$7.86

$7.15

$6.75

Price
$7.50

$8.25

Operating Cost Breakeven


Ownership Cost Breakeven

421.6
195.7

379.4
176.2

344.9
160.2

Total Cost Breakeven

617.3

555.6

505.1

Price

Yield

SWI-Po1-12

University of Idaho

Table 17. 2012 Southwestern Idaho Irrigated Russet Burbank Commercial


Potatoes: With Fumigation and On-Farm Storage. Comparison with 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

25

Final 11/7/2012

Value or
Cost/Acre

Comparison

$4,107.50

2011
530

$ Change

% Change

$330.00
$39.60

$387.60
$349.20
$38.40

-$18.00
-$19.20
$1.20

-4.6%
-5.5%
3.1%

$144.90
$138.00
$151.05
$28.75
$52.00
$146.25
$59.15

$646.60
$122.00
$128.25
$135.15
$25.30
$50.00
$136.50
$49.40

$73.50
$22.90
$9.75
$15.90
$3.45
$2.00
$9.75
$9.75

11.4%
18.8%
7.6%
11.8%
13.6%
4.0%
7.1%
19.7%

$262.50
$10.80
$21.20
$38.50
$25.00
$45.15
$12.60
$10.10
$6.98
$13.60
$16.20
$37.68
$70.00
$34.20
$0.00
$0.00
$22.85

$511.53
$276.50
$10.80
$23.20
$41.30
$24.20
$44.10
$16.00
$9.50
$6.98
$14.64
$0.00
$0.00
$0.00
$0.00
$8.06
$6.75
$29.50

$115.82
-$14.00
$0.00
-$2.00
-$2.80
$0.80
$1.05
-$3.40
$0.60
$0.00
-$1.04
$16.20
$37.68
$70.00
$34.20
-$8.06
-$6.75
-$6.65

22.6%
-5.1%
0.0%
-8.6%
-6.8%
3.3%
2.4%
-21.3%
6.3%
-0.1%
-7.1%

$95.00
$32.00
$19.00
$22.00

42.7%
9.4%
-2.6%
0.0%

$22.00

$40.60
$3.00
-$0.50
$0.00
$36.60
$1.50

$45.85
$54.60
$16.80

$113.05
$45.85
$51.45
$15.75

$4.20
$0.00
$3.15
$1.05

3.7%
0.0%
6.1%
6.7%

$6.08
$82.01
$8.18
$14.45
$67.06

$171.03
$5.88
$80.85
$8.08
$14.22
$62.00

$6.75
$0.20
$1.16
$0.10
$0.23
$5.06

3.9%
3.5%
1.4%
1.2%
1.6%
8.2%

$56.53
$33.48
$42.70
$40.00

$162.39
$52.49
$32.24
$39.65
$38.01

$10.31
$4.04
$1.24
$3.05
$1.99

6.4%
7.7%
3.8%
7.7%
5.2%

$422.94
$32.33

$457.92
$426.12
$31.80

-$2.65
-$3.18
$0.53

-0.6%
-0.7%
1.7%

$60.00
$85.68

$143.68
$58.00
$85.68

$2.00
$2.00
$0.00

1.4%
3.4%
0.0%

$94.25

-$1.14

-1.2%

Total Operating Costs


Operating Costs per Unit

$3,014
$5.69

$2,783
$5.25

$231.39
$0.44

8.3%
8.3%

Net Returns Above Operating Expenses

$1,093

$1,297

Gross Returns
Potatoes

530

$7.75

cwt

Operating Inputs
Seed:
G-3 Burbank Potato Seed
Seed Cutting
Fertilizer:
Dry Nitrogen - Preplant
Dry P2O5
K2O
Sulfur
Micronutrients & Foliars
Liquid Nitrogen
Liquid P2O5
Pesticides & Chemicals:
K-Pam
Potato Seed Treatment
Admire Pro
Quadris Flowable (2x)
Eptam 7E
Endura (2x)
Metribuzin 75DF
Prowl 3.3EC
Bravo Weather Stik
Dithane F45 Rainshield
Gavel 75DF
Fulfill
Movento (2x)
Agri-Mek 0.15EC (3x)
Asana XL
Leverage 2.7
Reglone
Custom & Consultants:
Custom Fumigate: Deep Inject
Custom Fertilize
Consultant
Custom Air Spray-5G
Custom Air Spray-10G
Irrigation:
Water Assessment
Irrigation Power-CP *
Irrigation Repairs-CP *

$369.60
24
24

cwt
cwt

$13.75
$1.65

210
230
265
115
2
195
65

lb
lb
lb
lb
ac
lb
lb

$0.69
$0.60
$0.57
$0.25
$26.00
$0.75
$0.91

gal
cwt
fl oz
fl oz
pt
oz
lb
pt
pt
qt
lb
oz
fl oz
fl oz
fl oz
fl oz
qt

$7.50
$0.45
$2.65
$2.75
$6.25
$6.45
$12.60
$5.05
$4.65
$8.50
$8.10
$6.85
$7.00
$0.95
$0.84
$1.80
$22.85

$720.10

$627.35
35
24
8.0
14.0
4.0
7.0
1.0
2.0
1.5
1.6
2.0
5.50
10.00
36.0
0
0.00
1.0

$135.60
1
2
1
4
2

$35.00
$9.25
$22.00
$9.15
$11.75

ac
ac
ac
ac
ac

$117.25
1
35
35

ac
acin
acin

$45.85
$1.56
$0.48

Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repairs

1.69
23.1
2.02
1
1

gal
gal
gal
ac
ac

$3.60
$3.55
$4.05
$14.45
$67.06

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.23
2.48
2.44
3.98

hr
hr
hr
hr

$17.50
$13.50
$17.50
$10.05

Storage:
Storage Operating Costs
Storage Repairs

530
530

cwt
cwt

$0.798
$0.061

Other:
Crop Insurance
Fees & Assessments

1
504

ac
cwt

$60.00
$0.17

$177.78

$172.70

$455.27

$145.68

Operating Interest @ 6.0%

SWI-Po3-12

$35.00
$18.50
$22.00
$36.60
$23.50

$93.11

University of Idaho

Yield Change
0
0.0%

-22.5%

6.8%

Table 17. 2012 Southwestern Idaho Irrigated Russet Burbank Commercial


Potatoes: With Fumigation and On-Farm Storage. Comparison with 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

26

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Potato Storage System
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land *
Overhead
Management Fee

Comparison

$252.00
$6.29
$220.00

$249.00
$5.90
$218.00

$3.00
$0.39
$2.00

1.2%
6.6%
0.9%

$750.00
$75.00
$210.00

$700.00
$70.00
$200.00

$50.00
$5.00
$10.00

7.1%
7.1%
5.0%

Total Ownership Costs


Ownership Costs per Unit

$1,513
$2.86

$1,443
$2.72

$70.39
$0.13

4.9%
4.9%

Total Costs per Acre


Total Cost per Unit

$4,528
$8.54

$4,226
$7.97

$301.78
$0.57

7.1%
7.1%

-$420

-$177

-$243

Returns to Risk
Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Breakeven Analysis:

10%

Base

+
10%

477

Yield
530

583

Operating Cost Breakeven

$6.32

$5.69

$5.17

Ownership Cost Breakeven

$3.17

$2.86

$2.60

Total Cost Breakeven

$9.49

$8.54

$7.77

$6.98

Price
$7.75

$8.53

Operating Cost Breakeven


Ownership Cost Breakeven

432.2
217.0

389.0
195.3

353.6
177.5

Total Cost Breakeven

649.1

584.2

531.1

Price

Yield

SWI-Po3-12

University of Idaho

Table 18. 2012 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
No Storage. Comparison With 2011.
Item

Quantity
Per Acre

Gross Returns
Potatoes

415

Unit
cwt

Price or
Cost

27

Final 11/7/2012

Value or
Cost/Acre

$7.25

$3,008.75

Comparison
2011
420

Operating Inputs

Yield Change
-5
-1.2%
$ Change

% Change

$359.95
$323.15
$36.80

-$17.25
-$18.40
$1.15

-4.8%
-5.7%
3.1%

$117.30
$129.00
$116.85
$20.00
$40.00
$112.50
$31.85

$511.45
$103.70
$114.00
$104.55
$17.60
$40.00
$105.00
$26.60

$56.05
$13.60
$15.00
$12.30
$2.40
$0.00
$7.50
$5.25

11.0%
13.1%
13.2%
11.8%
13.6%
0.0%
7.1%
19.7%

$10.35
$21.20
$22.00
$30.00
$10.10
$9.64
$70.95
$13.60
$18.30
$27.02
$37.68
$27.00
$0.00
$22.85

$247.79
$10.35
$23.20
$23.60
$33.00
$9.50
$12.00
$69.30
$14.64
$19.20
$0.00
$0.00
$0.00
$6.75
$26.25

$72.89
$0.00
-$2.00
-$1.60
-$3.00
$0.60
-$2.36
$1.65
-$1.04
-$0.90
$27.02
$37.68
$27.00
-$6.75
-$3.40

29.4%
0.0%
-8.6%
-6.8%
-9.1%
6.3%
-19.7%
2.4%
-7.1%
-4.7%

$18.00
$22.00
$36.00
$19.00
$157.70

$222.70
$16.20
$22.00
$37.50
$0.00
$147.00

$30.00
$1.80
$0.00
-$1.50
$19.00
$10.70

13.5%
11.1%
0.0%
-4.0%

$44.15
$43.68
$13.44

$95.05
$41.30
$41.15
$12.60

$6.22
$2.85
$2.53
$0.84

6.5%
6.9%
6.1%
6.7%

$7.49
$86.77
$5.84
$15.02
$59.44

$168.40
$7.39
$85.56
$5.77
$14.81
$54.87

$6.16
$0.10
$1.21
$0.07
$0.21
$4.57

3.7%
1.4%
1.4%
1.2%
1.4%
8.3%

$56.00
$26.73
$37.80
$34.67

$145.79
$52.00
$25.74
$35.10
$32.95

$9.41
$4.00
$0.99
$2.70
$1.72

6.5%
7.7%
3.8%
7.7%
5.2%

$53.12
$11.21

$60.90
$50.40
$10.50

$3.43
$2.72
$0.71

5.6%
5.4%
6.7%

$70.55
$60.00

$129.40
$71.40
$58.00

$1.15
-$0.85
$2.00

0.9%
-1.2%
3.4%

Operating Interest @ 6.0%

$63.87

$64.65

-$0.78

-1.2%

Total Operating Costs


Operating Costs per Unit

$2,173
$5.24

$2,006
$4.78

$167.28
$0.46

8.3%
9.6%

$835.39

$831

Seed:
G-3 Russet Burbank Seed
Seed Cutting

$342.70
23
23

cwt
cwt

$13.25
$1.65

Fertilizer:
Dry Nitrogen - Preplant
Dry P2O5
K2O
Sulfur
Micronutrients & Foliars
Liquid Nitrogen
Liquid P2O5

170
215
205
80
2
150
35

lb
lb
lb
lb
ac
lb
lb

$0.69
$0.60
$0.57
$0.25
$20.00
$0.75
$0.91

Pesticides & Chemicals:


Seed Treatment
Admire Pro
Quadris Flowable
Outlook 6EC
Prowl 3.3 EC
Metribuzin 75DF
Endura (2x)
Dithane F45 Rainshield
Headline
Beleaf 50SG
Fulfill WDG
Agri-Mek .15EC (3X)
Leverage 2.7
Reglone

23.0
8.0
8.0
20.0
2.0
0.75
11.0
1.6
6.0
2.8
5.5
30.0
0
1.0

cwt
oz
fl oz
fl oz
pt
lb
oz
qt
fl oz
oz
oz
fl oz
fl oz
qt

$0.45
$2.65
$2.75
$1.50
$5.05
$12.85
$6.45
$8.50
$3.05
$9.65
$6.85
$0.90
$1.80
$22.85

Custom & Consultants:


Custom Fertilize
Consultant
Custom Air Spray-10G
Custom Air Spray-5G
Custom Hauling

$567.50

$320.68

$252.70
2
1
3
2
415

ac
ac
ac
ac
cwt

$9.00
$22.00
$12.00
$9.50
$0.38

1
28
28

ac
acin
acin

$44.15
$1.56
$0.48

2.11
24.79
1.46
1
1

gal
gal
gal
ac
ac

$3.55
$3.50
$4.00
$15.02
$59.44

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.20
1.98
2.16
3.45

hrs
hrs
hr
hrs

$17.50
$13.50
$17.50
$10.05

Transload:
Transloading Costs
Repairs

415
415

cwt
cwt

$0.128
$0.027

Other:
Fees & Assessments
Crop Insurance

415
1

cwt
ac

$0.17
$60.00

Irrigation:
Water Assessment
Irrigation Power-CP
Irrigation Repairs
Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repairs

$101.27

$174.56

$155.20

$64.33

$130.55

Net Returns Above Operating Expenses

SCI-Po1-12

$304.75
$37.95
$0.00

University of Idaho

-13.0%

7.3%

Table 18. 2012 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
No Storage. Comparison With 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

28

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Transloading Equipment
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land *
Overhead
Management Fee

Comparison

$61.50
$5.18
$179.00

$59.00
$4.90
$177.00

$2.50
$0.28
$2.00

4.2%
5.7%
1.1%

$625.00
$53.00
$145.00

$600.00
$49.00
$140.00

$25.00
$4.00
$5.00

4.2%
8.2%
3.6%

Total Ownership Costs


Ownership Costs per Unit

$1,069
$2.58

$1,030
$2.45

$38.78
$0.12

3.8%
5.0%

Total Costs per Acre


Total Cost per Unit

$3,242
$7.81

$3,036
$7.23

$206.06
$0.58

6.8%
8.1%

-$233

-$207

Returns to Risk
Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Breakeven Analysis:

10%

Base

+
10%

373.5

Yield
415

456.5

Operating Cost Breakeven

$5.82

$5.24

$4.76

Ownership Cost Breakeven

$2.86

$2.58

$2.34

Total Cost Breakeven

$8.68

$7.81

$7.10

$6.53

Price
$7.25

$7.98

Operating Cost Breakeven


Ownership Cost Breakeven

333.1
163.8

299.8
147.4

272.5
134.0

Total Cost Breakeven

496.9

447.2

406.5

Price

Yield

SCI-Po1-12

University of Idaho

Table 19. 2012 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With On-Farm Storage. Comparison With 2011.
Item

Quantity
Per Acre

Gross Returns
Potatoes

Unit

Price or
Cost

29

Final 11/7/2012

Value or
Cost/Acre

Comparison

$3,216.25

2011
420

$ Change

% Change

$304.75
$37.95

$359.95
$323.15
$36.80

-$17.25
-$18.40
$1.15

-4.8%
-5.7%
3.1%

$117.30
$129.00
$116.85
$20.00
$40.00
$112.50
$31.85

$511.45
$103.70
$114.00
$104.55
$17.60
$40.00
$105.00
$26.60

$56.05
$13.60
$15.00
$12.30
$2.40
$0.00
$7.50
$5.25

11.0%
13.1%
13.2%
11.8%
13.6%
0.0%
7.1%
19.7%

$10.35
$21.20
$22.00
$30.00
$10.10
$9.64
$70.95
$13.60
$18.30
$27.02
$37.68
$27.00
$0.00
$22.85

$247.79
$10.35
$23.20
$23.60
$33.00
$9.50
$12.00
$69.30
$14.64
$19.20
$0.00
$0.00
$0.00
$6.75
$26.25

$72.89
$0.00
-$2.00
-$1.60
-$3.00
$0.60
-$2.36
$1.65
-$1.04
-$0.90
$27.02
$37.68
$27.00
-$6.75
-$3.40

29.4%
0.0%
-8.6%
-6.8%
-9.1%
6.3%
-19.7%
2.4%
-7.1%
-4.7%

$18.00
$22.00
$36.00
$19.00

$75.70
$16.20
$22.00
$37.50
$0.00

$19.30
$1.80
$0.00
-$1.50
$19.00

25.5%
11.1%
0.0%
-4.0%

$44.15
$43.68
$13.44

$95.05
$41.30
$41.15
$12.60

$6.22
$2.85
$2.53
$0.84

6.5%
6.9%
6.1%
6.7%

$7.49
$86.77
$5.84
$15.02
$59.44

$168.40
$7.39
$85.56
$5.77
$14.81
$54.87

$6.16
$0.10
$1.21
$0.07
$0.21
$4.57

3.7%
1.4%
1.4%
1.2%
1.4%
8.3%

$56.00
$26.73
$37.80
$34.67

$145.79
$52.00
$25.74
$35.10
$32.95

$9.41
$4.00
$0.99
$2.70
$1.72

6.5%
7.7%
3.8%
7.7%
5.2%

$331.17
$25.32

$362.88
$337.68
$25.20

-$6.39
-$6.51
$0.11

-1.8%
-1.9%
0.5%

$66.98
$60.00

$125.83
$67.83
$58.00

$1.15
-$0.85
$2.00

0.9%
-1.3%
3.4%

Operating Interest @ 6.0%

$64.54

$66.20

-$1.66

-2.5%

Total Operating Costs


Operating Costs per Unit

$2,305
$5.55

$2,159
$5.14

$145.88
$0.41

6.8%
8.0%

$911.33

$1,100

415

$7.75

cwt

Operating Inputs
Seed:
G-3 Russet Burbank Seed
Seed Cutting

$342.70
23
23

cwt
cwt

$13.25
$1.65

Fertilizer:
Dry Nitrogen - Preplant
Dry P2O5
K2O
Sulfur
Micronutrients & Foliars
Liquid Nitrogen
Liquid P2O5

170
215
205
80
2
150
35

lb
lb
lb
lb
ac
lb
lb

$0.69
$0.60
$0.57
$0.25
$20.00
$0.75
$0.91

Pesticides & Chemicals:


Seed Treatment
Admire Pro
Quadris Flowable
Outlook 6EC
Prowl 3.3 EC
Metribuzin 75DF
Endura (2x)
Dithane F45 Rainshield
Headline
Beleaf 50SG
Fulfill WDG
Agri-Mek .15EC (3X)
Leverage 2.7
Reglone

23.0
8.0
8.0
20.0
2.0
0.75
11.0
1.6
6.0
2.8
5.5
30.0
0
1.0

cwt
oz
fl oz
fl oz
pt
lb
oz
qt
fl oz
oz
oz
fl oz
fl oz
qt

$0.45
$2.65
$2.75
$1.50
$5.05
$12.85
$6.45
$8.50
$3.05
$9.65
$6.85
$0.90
$1.80
$22.85

Custom & Consultants:


Custom Fertilize
Consultant
Custom Air Spray-10G
Custom Air Spray-5G

$567.50

$320.68

$95.00
2
1
3
2

ac
ac
ac
ac

$9.00
$22.00
$12.00
$9.50

1
28
28

ac
acin
acin

$44.15
$1.56
$0.48

2.11
24.79
1.46
1
1

gal
gal
gal
ac
ac

$3.55
$3.50
$4.00
$15.02
$59.44

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Labor - CP
General Farm Labor

3.20
1.98
2.16
3.45

hrs
hrs
hr
hrs

$17.50
$13.50
$17.50
$10.05

Storage:
Storage Operating Costs
Storage Repairs

415
415

cwt
cwt

$0.798
$0.061

Other:
Fees & Assessments
Crop Insurance

394
1

cwt
ac

$0.17
$60.00

Irrigation:
Water Assessment
Irrigation Power-CP
Irrigation Repairs
Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repairs

$101.27

$174.56

$155.20

$356.49

$126.98

Net Returns Above Operating Expenses

SCI-Po2-12

University of Idaho

Yield Change
-5
-1.2%

-13.0%

Table 19. 2012 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With On-Farm Storage. Comparison With 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

30

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Potato Storage System
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land *
Overhead
Management Fee

Comparison

$198.00
$5.18
$179.00

$196.00
$4.90
$177.00

$2.00
$0.28
$2.00

1.0%
5.7%
1.1%

$625.00
$57.00
$165.00

$600.00
$54.00
$160.00

$25.00
$3.00
$5.00

4.2%
5.6%
3.1%

Total Ownership Costs


Ownership Costs per Unit

$1,229
$2.96

$1,192
$2.84

$37.28
$0.12

3.1%
4.4%

Total Costs per Acre


Total Cost per Unit

$3,534
$8.52

$3,351
$7.98

$183.16
$0.54

5.5%
6.7%

-$318

-$99

Returns to Risk
Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Breakeven Analysis:

10%

Base

+
10%

373.5

Yield
415

456.5

Operating Cost Breakeven

$6.17

$5.55

$5.05

Ownership Cost Breakeven

$3.29

$2.96

$2.69

Total Cost Breakeven

$9.46

$8.52

$7.74

$6.98

Price
$7.75

$8.53

Operating Cost Breakeven


Ownership Cost Breakeven

330.5
176.2

297.4
158.6

270.4
144.2

Total Cost Breakeven

506.7

456.0

414.6

Price

Yield

SCI-Po2-12

University of Idaho

Table 20. 2012 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With Fumigation and On-Farm Storage. Comparison With 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

31

Final 11/7/2012

Value or
Cost/Acre

Comparison

$3,642.50

2011
475

$ Change

% Change

$304.75
$37.95

$359.95
$323.15
$36.80

-$17.25
-$18.40
$1.15

-4.8%
-5.7%
3.1%

$134.55
$129.00
$133.95
$20.00
$42.00
$120.00
$36.40

$555.45
$115.90
$119.70
$119.85
$17.60
$40.00
$112.00
$30.40

$60.45
$18.65
$9.30
$14.10
$2.40
$2.00
$8.00
$6.00

10.9%
16.1%
7.8%
11.8%
13.6%
5.0%
7.1%
19.7%

$242.00
$10.35
$21.20
$22.00
$30.00
$10.10
$9.64
$70.95
$13.60
$18.30
$27.02
$37.68
$27.00
$0.00
$22.85

$483.79
$236.00
$10.35
$23.20
$23.60
$33.00
$9.50
$12.00
$69.30
$14.64
$19.20
$0.00
$0.00
$0.00
$6.75
$26.25

$78.89
$6.00
$0.00
-$2.00
-$1.60
-$3.00
$0.60
-$2.36
$1.65
-$1.04
-$0.90
$27.02
$37.68
$27.00
-$6.75
-$3.40

16.3%
2.5%
0.0%
-8.6%
-6.8%
-9.1%
6.3%
-19.7%
2.4%
-7.1%
-4.7%

$40.00
$18.00
$22.00
$36.00
$19.00

$110.70
$35.00
$16.20
$22.00
$37.50
$0.00

$24.30
$5.00
$1.80
$0.00
-$1.50
$19.00

22.0%
14.3%
11.1%
0.0%
-4.0%

$44.15
$46.80
$14.40

$98.90
$41.30
$44.10
$13.50

$6.45
$2.85
$2.70
$0.90

6.5%
6.9%
6.1%
6.7%

$7.49
$86.77
$6.48
$15.11
$62.09

$171.56
$7.39
$85.56
$6.40
$14.90
$57.31

$6.38
$0.10
$1.21
$0.08
$0.21
$4.78

3.7%
1.4%
1.4%
1.3%
1.4%
8.3%

$55.83
$29.97
$40.60
$34.67

$151.35
$51.84
$28.86
$37.70
$32.95

$9.72
$3.98
$1.11
$2.90
$1.72

6.4%
7.7%
3.8%
7.7%
5.2%

$375.06
$28.67

$410.40
$381.90
$28.50

-$6.67
-$6.84
$0.17

-1.6%
-1.8%
0.6%

$75.82
$65.00

$138.67
$76.67
$62.00

$2.15
-$0.85
$3.00

1.6%
-1.1%
4.8%

Operating Interest @ 6.0%

$84.32

$87.20

-$2.88

-3.3%

Total Operating Costs


Operating Costs per Unit

$2,730
$5.81

$2,568
$5.41

$161.54
$0.40

6.3%
7.4%

$912.99

$1,221

Gross Returns
Potatoes

470

cwt

$7.75

Operating Inputs
Seed:
G-3 Russet Burbank Seed
Seed Cutting

$342.70
23
23

cwt
cwt

$13.25
$1.65

Fertilizer:
Dry Nitrogen - Preplant
Dry P2O5
K2O
Sulfur
Micronutrients & Foliars
Liquid Nitrogen
Liquid P2O5

195
215
235
80
2
160
40

lb
lb
lb
lb
ac
lb
lb

$0.69
$0.60
$0.57
$0.25
$21.00
$0.75
$0.91

Pesticides & Chemicals:


Metam Sodium
Seed Treatment
Admire Pro
Quadris Flowable
Outlook 6EC
Prowl 3.3 EC
Metribuzin 75DF
Endura (2x)
Dithane F45 Rainshield
Headline
Beleaf 50SG
Fulfill WDG
Agri-Mek .15EC (3X)
Leverage 2.7
Reglone

40
23.0
8.0
8.0
20.0
2.0
0.75
11.0
1.6
6.0
2.8
5.5
30.0
0
1.0

gal
cwt
oz
fl oz
fl oz
pt
lb
oz
qt
fl oz
oz
oz
fl oz
fl oz
qt

$6.05
$0.45
$2.65
$2.75
$1.50
$5.05
$12.85
$6.45
$8.50
$3.05
$9.65
$6.85
$0.90
$1.80
$22.85

1
2
1
3
2

ac
ac
ac
ac
ac

$40.00
$9.00
$22.00
$12.00
$9.50

1
30
30

ac
acin
acin

$44.15
$1.56
$0.48

2.11
24.79
1.62
1
1

gal
gal
gal
ac
ac

$3.55
$3.50
$4.00
$15.11
$62.09

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Labor - CP
General Farm Labor

3.19
2.22
2.32
3.45

hrs
hrs
hrs
hrs

$17.50
$13.50
$17.50
$10.05

Storage:
Storage Operating Costs
Storage Repairs

470
470

cwt
cwt

$0.798
$0.061

Other:
Fees & Assessments
Crop Insurance

446
1

cwt
ac

$0.17
$65.00

Custom & Consultants:


Fumigation: Deep Injection
Custom Fertilize
Consultant
Custom Air Spray-10G
Custom Air Spray-5G
Irrigation:
Water Assessment
Irrigation Power-CP
Irrigation Repairs
Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repairs

$615.90

$562.68

$135.00

$105.35

$177.94

$161.07

$403.73

$140.82

Net Returns Above Operating Expenses

SCI-Po3-12

University of Idaho

Yield Change
-5
-1.1%

-13.0%

Table 20. 2012 Southcentral Idaho Irrigated Russet Burbank Commercial Potatoes:
With Fumigation and On-Farm Storage. Comparison With 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

32

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Potato Storage System
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land *
Overhead
Management Fee

Comparison

$224.00
$5.33
$183.00

$222.00
$5.00
$181.00

$2.00
$0.33
$2.00

0.9%
6.6%
1.1%

$625.00
$57.00
$165.00

$600.00
$54.00
$160.00

$25.00
$3.00
$5.00

4.2%
5.6%
3.1%

Total Ownership Costs


Ownership Costs per Unit

$1,259
$2.68

$1,222
$2.57

$37.33
$0.11

3.1%
4.2%

Total Costs per Acre


Total Cost per Unit

$3,989
$8.49

$3,790
$7.98

$198.87
$0.51

5.2%
6.4%

-$346

-$107

Returns to Risk
Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Breakeven Analysis:

10%

Base

+
10%

423

Yield
470

517

Operating Cost Breakeven

$6.45

$5.81

$5.28

Ownership Cost Breakeven

$2.98

$2.68

$2.44

Total Cost Breakeven

$9.43

$8.49

$7.72

$6.98

Price
$7.75

$8.53

Operating Cost Breakeven


Ownership Cost Breakeven

391.3
180.5

352.2
162.5

320.2
147.7

Total Cost Breakeven

571.9

514.7

467.9

Price

Yield

SCI-Po3-12

University of Idaho

Table 21. 2012 Irrigated Russet Burbank Commercial Potatoes With No Storage for
Eastern Idaho - South: Bannock, Bingham and Power Counties with comparison to
2011.
Item

Quantity
Per Acre

Gross Returns
Potatoes

375

Unit
cwt

Price or
Cost

33

Final 11/7/2012

Value or
Cost/Acre

$7.25

$2,718.75

Comparison
2011
365

Operating Inputs
Seed:
G-3 Russet Burbank Seed S
Potato Seed Cutting

$301.35
21
21

cwt
cwt

$12.70
$1.65

Fertilizer:
Dry Nitrogen - Pre-plant
Dry P2O5
K2O
Sulfur
Liquid Nitrogen
Liquid P2O5
Micronutrients/Humic Acid - CP

155
160
190
85
140
60
1

lb
lb
lb
lb
lb
lb
acre

$0.69
$0.60
$0.57
$0.25
$0.75
$0.91
$32.00

Pesticides & Chemicals:


Potato Seed Treatment
Admire Pro
Metribuzin 75DF
Eptam 7E
Prowl 3.3EC
Omega 500DF
Quadris Flowable
Headline
Dithane F45 Rainshield
Fulfill WDG
Agri-Mek 0.15EC (2x)
Rely 280

21
8
0.66
4.0
2.0
8.0
8.0
6.0
1.6
5.5
20
29

cwt
fl oz
lb
pint
pint
fl oz
fl oz
fl oz
qt
oz
fl oz
fl oz

$0.45
$2.65
$12.60
$6.25
$5.05
$3.90
$2.75
$3.05
$8.50
$6.85
$0.90
$0.65

acre
acre
acre
acre
cwt

$8.00
$22.00
$11.50
$8.95
$0.38

Irrigation:
Irrigation Power - Center Pivot*
Irrigation Water Assessment-S
Irrigation Repairs - CP*

23
1
23

ac-in
acre
ac-in

$1.56
$30.00
$0.48

2.1
22.58
1.41
1
1

gal
gal
gal
acre
acre

$3.50
$3.50
$4.00
$13.81
$55.36

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.1
1.8
1.72
3.35

hrs
hrs
hrs
hrs

$17.50
$13.50
$17.50
$10.05

Transload:
Transloading Operating Costs
Transloading Equipment Repair

375
375

cwt
cwt

$0.128
$0.027

Other:
Crop Insurance
Potato Fees & Assessments

1
375

acre
cwt

$60.00
$0.17

Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repair

-$15.75
-$16.80
$1.05

-5.0%
-5.9%
3.1%

$106.95
$96.00
$108.30
$21.25
$105.00
$54.60
$32.00

$464.50
$91.50
$88.35
$94.35
$18.70
$98.00
$45.60
$28.00

$59.60
$15.45
$7.65
$13.95
$2.55
$7.00
$9.00
$4.00

12.8%
16.9%
8.7%
14.8%
13.6%
7.1%
19.7%
14.3%

$9.45
$21.20
$8.32
$25.00
$10.10
$31.20
$22.00
$18.30
$13.60
$37.68
$18.00
$18.85

$183.75
$9.45
$23.20
$10.56
$24.20
$9.50
$32.00
$23.60
$19.20
$14.64
$0.00
$0.00
$17.40

$49.94
$0.00
-$2.00
-$2.24
$0.80
$0.60
-$0.80
-$1.60
-$0.90
-$1.04
$37.68
$18.00
$1.45

27.2%
0.0%
-8.6%
-21.3%
3.3%
6.3%
-2.5%
-6.8%
-4.7%
-7.1%

$16.00
$22.00
$23.00
$8.95
$142.50

$186.75
$15.00
$22.00
$22.00
$0.00
$127.75

$25.70
$1.00
$0.00
$1.00
$8.95
$14.75

13.8%
6.7%
0.0%
4.5%
11.5%

$35.88
$30.00
$11.04

$74.15
$33.80
$30.00
$10.35

$2.77
$2.08
$0.00
$0.69

3.7%
6.2%
0.0%
6.7%

$7.35
$79.03
$5.64
$13.81
$55.36

$152.81
$7.25
$75.64
$5.43
$13.31
$51.18

$8.38
$0.10
$3.39
$0.21
$0.50
$4.18

5.5%
1.4%
4.5%
3.9%
3.8%
8.2%

$54.25
$24.30
$30.10
$33.67

$133.72
$50.38
$23.40
$27.95
$31.99

$8.60
$3.87
$0.90
$2.15
$1.68

6.4%
7.7%
3.8%
7.7%
5.2%

$48.00
$10.13

$52.93
$43.80
$9.13

$5.20
$4.20
$0.99

9.8%
9.6%
10.9%

$60.00
$63.75

$120.05
$58.00
$62.05

$3.70
$2.00
$1.70

3.1%
3.4%
2.7%

$212.45

$76.92

$161.19

$142.32

$58.13

$123.75

8.3%

Operating Interest @ 6.0%

$53.09

$55.50

-$2.41

-4.3%

Total Operating Costs


Operating Costs per Unit

$1,887
$5.03

$1,741
$4.77

$145.72
$0.26

8.4%
5.5%

$832

$714

Net Returns Above Operating Expenses

EI-Po1-12

% Change

$317.10
$283.50
$33.60

$233.69

2
1
2
1
375

$ Change
$266.70
$34.65
$524.10

Custom & Consultants:


Custom Fertilize - Row Crops
Consultants/Soil Testing - CP
Custom Air Spray - 10 gal. rate
Custom Air Spray - 5 gal. rate
Custom Haul: potatoes

Yield Change
10
2.7%

University of Idaho

Table 21. 2012 Irrigated Russet Burbank Commercial Potatoes With No Storage for
Eastern Idaho - South: Bannock, Bingham and Power Counties with comparison to
2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

Total Ownership Costs


Ownership Costs per Unit
Total Costs per Acre
Total Cost per Unit
Returns to Risk
Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Base

+
10%

337.5

Yield
375

412.5

Operating Cost Breakeven

$5.59

$5.03

$4.57

Ownership Cost Breakeven

$2.63

$2.37

$2.16

Total Cost Breakeven

$8.23

$7.40

$6.73

$6.53

Price
$7.25

$7.98

Operating Cost Breakeven


Ownership Cost Breakeven

289.2
136.3

260.3
122.6

236.6
111.5

Total Cost Breakeven

425.4

382.9

348.1

Price

Yield

EI-Po1-12

10%

University of Idaho

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Transloading Equipment Depreciation & Interest
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land Rent*
General Overhead
Management Fee

Breakeven Analysis:

34

Comparison

$54.00
$5.07
$174.00

$52.00
$4.79
$173.00

$2.00
$0.28
$1.00

3.8%
5.8%
0.6%

$475.00
$46.00
$135.00

$445.00
$43.00
$130.00

$30.00
$3.00
$5.00

6.7%
7.0%
3.8%

$889
$2.37

$848
$2.32

$41.28
$0.05

4.9%
2.1%

$2,776
$7.40

$2,589
$7.09

$187.00
$0.31

7.2%
4.4%

-$57

-$151

Table 22. 2012 Irrigated Russet Burbank Commercial Potatoes With On-Farm
Storage for Eastern Idaho - South: Bannock, Bingham and Power Counties with
comparison to 2011.
Item

Quantity
Per Acre

Gross Returns
Potatoes

375

Unit
cwt

Price or
Cost

35

Final 11/7/2012

Value or
Cost/Acre

$7.75

$2,906.25

Comparison
2011
365

$ Change % Change

Operating Inputs
Seed:
G-3 Russet Burbank Seed S
Potato Seed Cutting

$301.35
$266.70
$34.65

$317.10
$283.50
$33.60

-$15.75
-$16.80
$1.05

-5.0%
-5.9%
3.1%

$106.95
$96.00
$108.30
$21.25
$105.00
$54.60
$32.00

$464.50
$91.50
$88.35
$94.35
$18.70
$98.00
$45.60
$28.00

$59.60
$15.45
$7.65
$13.95
$2.55
$7.00
$9.00
$4.00

12.8%
16.9%
8.7%
14.8%
13.6%
7.1%
19.7%
14.3%

$9.45
$21.20
$8.32
$25.00
$10.10
$31.20
$22.00
$18.30
$13.60
$37.68
$18.00
$18.85

$183.75
$9.45
$23.20
$10.56
$24.20
$9.50
$32.00
$23.60
$19.20
$14.64
$0.00
$0.00
$17.40

$49.94
$0.00
-$2.00
-$2.24
$0.80
$0.60
-$0.80
-$1.60
-$0.90
-$1.04
$37.68
$18.00
$1.45

27.2%
0.0%
-8.6%
-21.3%
3.3%
6.3%
-2.5%
-6.8%
-4.7%
-7.1%

$16.00
$22.00
$23.00
$8.95

$59.00
$15.00
$22.00
$22.00
$0.00

$10.95
$1.00
$0.00
$1.00
$8.95

18.6%
6.7%
0.0%
4.5%

$35.88
$30.00
$11.04

$74.15
$33.80
$30.00
$10.35

$2.77
$2.08
$0.00
$0.69

3.7%
6.2%
0.0%
6.7%

$7.35
$79.03
$5.64
$13.81
$55.36

$152.81
$7.25
$75.64
$5.43
$13.31
$51.18

$8.38
$0.10
$3.39
$0.21
$0.50
$4.18

5.5%
1.4%
4.5%
3.9%
3.8%
8.2%

$54.25
$24.30
$30.10
$33.67

$133.72
$50.38
$23.40
$27.95
$31.99

$8.60
$3.87
$0.90
$2.15
$1.68

6.4%
7.7%
3.8%
7.7%
5.2%

$299.25
$22.88

$315.36
$293.46
$21.90

$6.77
$5.79
$0.98

2.1%
2.0%
4.5%

$60.00
$60.52

$116.99
$58.00
$58.99

$3.53
$2.00
$1.53

3.0%
3.4%
2.6%

Operating Interest @ 6.0%

$53.69

$55.00

-$1.31

-2.4%

Total Operating Costs


Operating Costs per Unit

$2,006
$5.35

$1,872
$5.13

$133.47
$0.22

7.1%
4.3%

$900

$948

21
21

cwt
cwt

$12.70
$1.65

Fertilizer:
Dry Nitrogen - Pre-plant
Dry P2O5
K2O
Sulfur
Liquid Nitrogen
Liquid P2O5
Micronutrients/Humic Acid - CP

155
160
190
85
140
60
1

lb
lb
lb
lb
lb
lb
acre

$0.69
$0.60
$0.57
$0.25
$0.75
$0.91
$32.00

Pesticides & Chemicals:


Potato Seed Treatment
Admire Pro
Metribuzin 75DF
Eptam 7E
Prowl 3.3EC
Omega 500DF
Quadris Flowable
Headline
Dithane F45 Rainshield
Fulfill WDG
Agri-Mek 0.15EC (2x)
Rely 280

21
8
0.66
4.0
2.0
8.0
8.0
6.0
1.6
5.5
20
29

cwt
fl oz
lb
pint
pint
fl oz
fl oz
fl oz
qt
oz
fl oz
fl oz

$0.45
$2.65
$12.60
$6.25
$5.05
$3.90
$2.75
$3.05
$8.50
$6.85
$0.90
$0.65

$524.10

$233.69

Custom & Consultants:


Custom Fertilize - Row Crops
Consultants/Soil Testing - CP
Custom Air Spray - 10 gal. rate
Custom Air Spray - 5 gal. rate

2
1
2
1

acre
acre
acre
acre

$8.00
$22.00
$11.50
$8.95

Irrigation:
Irrigation Power - Center Pivot*
Irrigation Water Assessment-S
Irrigation Repairs - CP*

23
1
23

ac-in
acre
ac-in

$1.56
$30.00
$0.48

2.1
22.58
1.41
1
1

gal
gal
gal
acre
acre

$3.50
$3.50
$4.00
$13.81
$55.36

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.1
1.8
1.72
3.35

hrs
hrs
hrs
hrs

$17.50
$13.50
$17.50
$10.05

Storage:
Potato Storage Operating Cost
Potato Storage System Repair

375
375

cwt
cwt

0.798
$0.061

Other:
Crop Insurance
Potato Fees & Assessments

1
356

acre
cwt

$60.00
$0.17

Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repair

$69.95

$76.92

$161.19

$142.32

$322.13

$120.52

Net Returns Above Operating Expenses

EI-Po5-12

Yield Change
10
2.7%

University of Idaho

8.3%

Table 22. 2012 Irrigated Russet Burbank Commercial Potatoes With On-Farm
Storage for Eastern Idaho - South: Bannock, Bingham and Power Counties with
comparison to 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Potato Storage System Depreciation & Interest
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land Rent*
General Overhead
Management Fee

Comparison

$178.00
$5.07
$174.00

$171.00
$4.79
$173.00

$7.00
$0.28
$1.00

4.1%
5.8%
0.6%

$475.00
$50.00
$150.00

$445.00
$47.00
$145.00

$30.00
$3.00
$5.00

6.7%
6.4%
3.4%

Total Ownership Costs


Ownership Costs per Unit

$1,032
$2.75

$986
$2.70

$46.28
$0.05

4.7%
1.9%

Total Costs per Acre


Total Cost per Unit

$3,038
$8.10

$2,858
$7.83

$179.75
$0.27

6.3%
3.5%

Returns to Risk

-$132

Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Breakeven Analysis:

10%

Base

+
10%

337.5

Yield
375

412.5

Operating Cost Breakeven

$5.94

$5.35

$4.86

Ownership Cost Breakeven

$3.06

$2.75

$2.50

Total Cost Breakeven

$9.00

$8.10

$7.36

$6.98

Price
$7.75

$8.53

Operating Cost Breakeven


Ownership Cost Breakeven

287.6
148.0

258.8
133.2

235.3
121.1

Total Cost Breakeven

435.5

392.0

356.4

Price

Yield

EI-Po5-12

36

University of Idaho

Table 23. 2012 Irrigated Russet Burbank Commercial Potatoes With Fumigation
and On-Farm Storage for Eastern Idaho - South: Bannock, Bingham and Power
Counties with comparison to 2011.
Item

Quantity
Per Acre

Gross Returns
Potatoes

420

Unit
cwt

Price or
Cost

37

Final 11/7/2012

Value or
Cost/Acre

$7.75

Comparison

$3,255.00

2011
410

$ Change

% Change

$266.70
$34.65

$317.10
$283.50
$33.60

-$15.75
-$16.80
$1.05

-5.0%
-5.9%
3.1%

$120.75
$108.00
$119.70
$21.25
$112.50
$54.60
$36.00

$503.10
$100.65
$94.05
$107.10
$18.70
$105.00
$45.60
$32.00

$69.70
$20.10
$13.95
$12.60
$2.55
$7.50
$9.00
$4.00

13.9%
20.0%
14.8%
11.8%
13.6%
7.1%
19.7%
12.5%

$354.14
$179.20
$9.45
$23.20
$11.25
$24.20
$32.00
$23.60
$19.20
$14.64
$0.00
$0.00
$17.40

$67.39
$17.60
$0.00
-$2.00
-$1.80
$0.80
-$0.80
-$1.60
-$0.90
-$1.04
$37.68
$18.00
$1.45

19.0%
9.8%
0.0%
-8.6%
-16.0%
3.3%
-2.5%
-6.8%
-4.7%
-7.1%

$16.00
$40.00
$22.00
$23.00
$8.95

$102.65
$15.00
$43.65
$22.00
$22.00
$0.00

$7.30
$1.00
-$3.65
$0.00
$1.00
$8.95

7.1%
6.7%
-8.4%
0.0%
4.5%

$40.56
$30.00
$12.48

$79.91
$38.21
$30.00
$11.70

$3.13
$2.35
$0.00
$0.78

3.9%
6.2%
0.0%
6.7%

$7.35
$79.03
$6.32
$13.91
$58.34

$156.38
$7.25
$75.64
$6.08
$13.41
$54.00

$8.57
$0.10
$3.39
$0.24
$0.50
$4.34

5.5%
1.4%
4.5%
3.9%
3.7%
8.0%

$54.25
$27.54
$32.90
$33.67

$139.44
$50.38
$26.52
$30.55
$31.99

$8.92
$3.87
$1.02
$2.35
$1.68

6.4%
7.7%
3.8%
7.7%
5.2%

$335.16
$25.62

$354.24
$329.64
$24.60

$6.54
$5.52
$1.02

1.8%
1.7%
4.1%

$64.00
$67.83

$128.30
$62.00
$66.30

$3.53
$2.00
$1.53

2.8%
3.2%
2.3%

Operating Inputs
Seed:
G-3 Russet Burbank Seed S
Potato Seed Cutting

$301.35
21
21

cwt
cwt

$12.70
$1.65

Fertilizer:
Dry Nitrogen - Pre-plant
Dry P2O5
K2O
Sulfur
Liquid Nitrogen
Liquid P2O5
Micronutrients/Humic Acid - CP

175
180
210
85
150
60
1

lb
lb
lb
lb
lb
lb
acre

$0.69
$0.60
$0.57
$0.25
$0.75
$0.91
$36.00

Pesticides & Chemicals:


Vapam 42%
Potato Seed Treatment
Admire Pro
Metribuzin 75DF
Eptam 7E
Omega 500DF
Quadris Flowable
Headline
Dithane F45 Rainshield
Fulfill WDG
Agri-Mek 0.15EC (2x)
Rely 280

32
21
8
0.75
4.0
8.0
8.0
6.0
1.6
5.5
20
29

gal
cwt
fl oz
lb
pint
fl oz
fl oz
fl oz
qt
oz
fl oz
fl oz

$6.15
$0.45
$2.65
$12.60
$6.25
$3.90
$2.75
$3.05
$8.50
$6.85
$0.90
$0.65

Custom & Consultants:


Custom Fertilize - Row Crops
Fumigate - Deep Injection
Consultants/Soil Testing - CP
Custom Air Spray - 10 gal. rate
Custom Air Spray - 5 gal. rate

2
1
1
2
1

acre
acre
acre
acre
acre

$8.00
$40.00
$22.00
$11.50
$8.95

Irrigation:
Irrigation Power - Center Pivot*
Irrigation Water Assessment-S
Irrigation Repairs - CP*

26
1
26

ac-in
acre
ac-in

$1.56
$30.00
$0.48

2.1
22.58
1.58
1
1

gal
gal
gal
acre
acre

$3.50
$3.50
$4.00
$13.91
$58.34

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.1
2.04
1.88
3.35

hrs
hrs
hrs
hrs

$17.50
$13.50
$17.50
$10.05

Storage:
Potato Storage Operating Cost
Potato Storage System Repair

420
420

cwt
cwt

0.798
$0.061

Other:
Crop Insurance
Potato Fees & Assessments

1
399

acre
cwt

$64.00
$0.17

Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repair

$572.80

$421.53
$196.80
$9.45
$21.20
$9.45
$25.00
$31.20
$22.00
$18.30
$13.60
$37.68
$18.00
$18.85
$0.00
$109.95

$83.04

$164.95

$148.36

$360.78

$131.83

Yield Change
10
2.4%

8.3%

Operating Interest @ 6.0%

$71.90

$74.00

-$2.10

-2.8%

Total Operating Costs


Operating Costs per Unit

$2,366
$5.63

$2,209
$5.39

$157.22
$0.25

7.1%
4.6%

$889

$970

Net Returns Above Operating Expenses

EI-Po6-12

University of Idaho

Table 23. 2012 Irrigated Russet Burbank Commercial Potatoes With Fumigation
and On-Farm Storage for Eastern Idaho - South: Bannock, Bingham and Power
Counties with comparison to 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

38

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Potato Storage System Depreciation & Interest
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land Rent**
General Overhead
Management Fee

Comparison

$200.00
$5.13
$176.00

$193.00
$4.85
$175.00

$7.00
$0.28
$1.00

3.6%
5.8%
0.6%

$475.00
$50.00
$150.00

$445.00
$47.00
$145.00

$30.00
$3.00
$5.00

6.7%
6.4%
3.4%

Total Ownership Costs


Ownership Costs per Unit

$1,056
$2.51

$1,010
$2.46

$46.28
$0.05

4.6%
2.1%

Total Costs per Acre


Total Cost per Unit

$3,423
$8.15

$3,219
$7.85

$203.50
$0.30

6.3%
3.8%

Returns to Risk

-$168

Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
Breakeven Analysis:

10%

Base

+
10%

378

Yield
420

462

Operating Cost Breakeven

$6.26

$5.63

$5.12

Ownership Cost Breakeven

$2.79

$2.51

$2.29

Total Cost Breakeven

$9.05

$8.15

$7.41

$6.98

Price
$7.75

$8.53

Operating Cost Breakeven


Ownership Cost Breakeven

339.3
151.4

305.4
136.3

277.6
123.9

Total Cost Breakeven

490.7

441.6

401.5

Price

Yield

EI-Po6-12

University of Idaho

Table 24. 2012 Irrigated Russet Burbank Commercial Potatoes With On-Farm
Storage for Eastern Idaho - North: Bonneville and Madison Counties with
comparison to 2011.
Item

Quantity
Per Acre

Gross Returns
Potatoes

350

Unit
cwt

Price or
Cost

39

Final 11/7/2012

Value or
Cost/Acre

$7.75

$2,712.50

Comparison
2011
335

Operating Inputs
Seed:
G-3 Russet Burbank Seed N
Potato Seed Cutting

$289.80

Yield Change
15
4.5%
$ Change

% Change

$255.15
$34.65

$305.55
$271.95
$33.60

-$15.75
-$16.80
$1.05

-5.2%
-6.2%
3.1%

$120.75
$90.00
$99.75
$25.00
$75.00
$45.50
$30.00

$426.50
$101.00
$79.80
$86.70
$22.00
$70.00
$38.00
$29.00

$59.50
$19.75
$10.20
$13.05
$3.00
$5.00
$7.50
$1.00

14.0%
19.6%
12.8%
15.1%
13.6%
7.1%
19.7%
3.4%

$9.45
$21.20
$9.45
$26.18
$22.00
$13.60
$22.58
$5.50
$37.68
$18.85

$147.47
$9.45
$23.20
$12.00
$25.13
$23.60
$14.64
$22.05
$0.00
$0.00
$17.40

$39.01
$0.00
-$2.00
-$2.55
$1.05
-$1.60
-$1.04
$0.52
$5.50
$37.68
$1.45

26.4%
0.0%
-8.6%
-21.3%
4.2%
-6.8%
-7.1%
2.4%

$59.00
$15.00
$22.00
$22.00

$10.95
$1.00
$0.00
$1.00

18.6%
6.7%
0.0%
4.5%

$35.88
$11.65
$11.04

$55.66
$33.81
$11.50
$10.35

$2.91
$2.07
$0.15
$0.69

5.2%
6.1%
1.3%
6.7%

$7.39
$86.59
$5.64
$14.94
$55.86

$161.46
$7.28
$82.88
$5.43
$14.34
$51.53

$8.95
$0.11
$3.71
$0.21
$0.60
$4.33

5.5%
1.4%
4.5%
3.9%
4.2%
8.4%

$56.35
$24.30
$29.40
$23.01

$124.90
$52.33
$23.40
$27.30
$21.87

$8.16
$4.02
$0.90
$2.10
$1.14

6.5%
7.7%
3.8%
7.7%
5.2%

$279.30
$21.35

$289.44
$269.34
$20.10

$11.21
$9.96
$1.25

3.9%
3.7%
6.2%

$55.00
$56.44

$108.10
$54.00
$54.10

$3.34
$1.00
$2.34

3.1%
1.9%
4.3%

Operating Interest @ 6.0%

$50.03

$52.00

-$1.97

-3.8%

Total Operating Costs


Operating Costs per Unit

$1,856
$5.30

$1,730
$5.16

$126.31
$0.14

7.3%
2.7%

$856

$986

21
21

cwt
cwt

$12.15
$1.65

Fertilizer:
Dry Nitrogen - Pre-plant
Dry P2O5
K2O
Sulfur
Liquid Nitrogen
Liquid P2O5
Micronutrients/Humic Acid - CP

175
150
175
100
100
50
1

lb
lb
lb
lb
lb
lb
acre

$0.69
$0.60
$0.57
$0.25
$0.75
$0.91
$30.00

Pesticides & Chemicals:


Potato Seed Treatment
Admire Pro
Metribuzin 75DF
Matrix 25DF
Quadris Flowable
Dithane F45 Rainshield
Endura
Dimethoate 4E
Fulfill WDG
Rely 280

21.0
8.0
0.75
1.5
8.0
1.6
3.5
1.0
5.5
29.0

cwt
fl oz
lb
oz
fl oz
qt
oz
pint
oz
fl oz

$0.45
$2.65
$12.60
$17.45
$2.75
$8.50
$6.45
$5.50
$6.85
$0.65

$486.00

$186.48

Custom & Consultants:


Custom Fertilize - Row Crops
Consultants/Soil Testing - CP
Custom Air Spray - 10 gal. rate
Custom Air Spray - 5 gal. Rate

2
1
2
1

acre
acre
acre
acre

$8.00
$22.00
$11.50
$8.95

Irrigation:
Irrigation Power - Center Pivot*
Irrigation Water Assessment-N
Irrigation Repairs - CP*

23
1
23

ac-in
acre
ac-in

$1.56
$11.65
$0.48

2.11
24.74
1.41
1
1

gal
gal
gal
acre
acre

$3.50
$3.50
$4.00
$14.94
$55.86

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.22
1.8
1.68
2.29

hrs
hrs
hrs
hrs

$17.50
$13.50
$17.50
$10.05

Storage:
Potato Storage Operating Cost
Potato Storage System Repair

350
350

cwt
cwt

$0.798
$0.061

Other:
Crop Insurance
Potato Fees & Assessments

1
332

acre
cwt

$55.00
$0.17

Machinery:
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repair

$69.95
$16.00
$22.00
$23.00
$8.95

$58.57

$170.42

$133.06

$300.65

$111.44

Net Returns Above Operating Expenses

EI-Po2-12

University of Idaho

8.3%

Table 24. 2012 Irrigated Russet Burbank Commercial Potatoes With On-Farm
Storage for Eastern Idaho - North: Bonneville and Madison Counties with
comparison to 2011.
Item

Quantity
Per Acre

Unit

Price or
Cost

Total Ownership Costs


Ownership Costs per Unit
Total Costs per Acre
Total Cost per Unit
Returns to Risk
Notes:
* Center pivot. ** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost.
Procedureal changes can result in different costs than were published the previous year.
10%

Base

+
10%

315

Yield
350

385

Operating Cost Breakeven

$5.89

$5.30

$4.82

Ownership Cost Breakeven

$3.03

$2.72

$2.48

Total Cost Breakeven

$8.92

$8.03

$7.30

$6.98

Price
$7.75

$8.53

Operating Cost Breakeven


Ownership Cost Breakeven

266.1
136.7

239.5
123.0

217.8
111.8

Total Cost Breakeven

402.8

362.5

329.6

Price

Yield

EI-Po2-12

University of Idaho

Final 11/7/2012

Value or
Cost/Acre

Ownership Costs:
Potato Storage System Depreciation & Interest
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land Rent**
General Overhead
Management Fee

Breakeven Analysis:

40

Comparison

$167.00
$5.24
$180.00

$158.00
$4.91
$178.00

$9.00
$0.33
$2.00

5.7%
6.7%
1.1%

$425.00
$46.00
$130.00

$400.00
$45.00
$125.00

$25.00
$1.00
$5.00

6.3%
2.2%
4.0%

$953
$2.72

$911
$2.72

$42.33
$0.00

4.6%
0.2%

$2,810
$8.03

$2,641
$7.88

$168.64
$0.14

6.4%
1.8%

-$97

$51

41

Table 25. 2012 Irrigated Russet Burbank G3 Seed Potatoes With On-Farm Storage
for Eastern Idaho: Caribou, Fremont and Teton Counties with Comparison to 2011.

Quantity
Per Acre

Item
Gross Returns
Seed Potatoes
Seed Tops
Total

Unit

275
20

cwt
cwt

295

cwt

Price or
Cost

Value or
Cost/Acre

$10.50
$5.00

$2,887.50
$100.00
$2,987.50

Operating Inputs
Seed:
G-2 Russet Burbank Seed
Potato Seed Cutting

$458.90
cwt
cwt

$16.00
$1.65

Fertilizer:
Dry Nitrogen - Pre-plant
Dry P2O5
K2O
Sulfur
Liquid Nitrogen
Liquid P2O5
Micronutrients/Humic Acid - SP

155
150
135
60
60
20
1

lb
lb
lb
lb
lb
lb
acre

$0.69
$0.60
$0.57
$0.25
$0.75
$0.91
$28.00

Pesticides & Chemicals:


Eptam 7EC
Potato Seed Treatment
Admire Pro
Metribuzin 75DF
Quadris Flowable
Dithane F45 Rainshield
Omega 500DF
Dimethoate 4E
Fulfill WDG
Reglone

4.0
26
8.0
0.75
8.0
1.6
8.0
1.0
5.5
2.0

pint
cwt
fl oz
lb
fl oz
qt
fl oz
pint
oz
pint

$6.25
$0.45
$2.65
$12.60
$2.75
$8.50
$3.90
$5.50
$6.85
$11.45

1
15
15

acre
ac-in
ac-in

$11.65
$0.48
$1.56

2.11
26.23
0.66
1
1

gal
gal
gal
acre
acre

$3.50
$3.50
$4.00
$15.29
$55.87

Labor:
Equipment Operator Labor
Truck Driver Labor
Irrigation Power-CP
General Farm Labor

3.52
1.6
1.08
3.69

hrs
hrs
hrs
hrs

$17.50
$13.50
$17.50
$10.05

Storage:
Seed Potato Storage Op. Costs
Seed Potato Stor. Sys. Repairs

275
275

cwt
cwt

1.193
$0.069

Other:
Crop Insurance
Seed Tagging Fee
Seed Potato Certification Fees
Potato Fees & Assessments

1
1
1
275

acre
acre
acre
cwt

$70.00
$38.00
$30.00
$0.17

EI-Po4-12

290
$ Change % Change
-$28.60
-$29.90
$1.30

-5.9%
-6.7%
3.1%

$106.95
$90.00
$76.95
$15.00
$45.00
$18.20
$28.00

$331.05
$85.40
$85.50
$63.75
$13.20
$42.00
$15.20
$26.00

$49.05
$21.55
$4.50
$13.20
$1.80
$3.00
$3.00
$2.00

14.8%
25.2%
5.3%
20.7%
13.6%
7.1%
19.7%
7.7%

$25.00
$11.70
$21.20
$9.45
$22.00
$13.60
$31.20
$5.50
$37.68
$22.90

$176.84
$24.20
$11.70
$23.20
$12.00
$23.60
$14.64
$32.00
$8.00
$0.00
$27.50

$23.39
$0.80
$0.00
-$2.00
-$2.55
-$1.60
-$1.04
-$0.80
-$2.50

13.2%
3.3%
0.0%
-8.6%
-21.3%
-6.8%
-7.1%
-2.5%

-$4.60

-16.7%

$8.00
$20.00
$34.50
$30.00

$89.50
$7.50
$20.00
$33.00
$29.00

$3.00
$0.50
$0.00
$1.50
$1.00

3.4%
6.7%
0.0%
4.5%
3.4%

$11.65
$7.20
$23.40

$38.38
$11.50
$6.30
$20.58

$3.87
$0.15
$0.90
$2.82

10.1%
1.3%
14.3%
13.7%

$7.39
$91.81
$2.64
$15.29
$55.87

$163.85
$7.28
$87.87
$2.54
$14.65
$51.51

$9.14
$0.11
$3.94
$0.10
$0.64
$4.36

5.6%
1.4%
4.5%
3.9%
4.4%
8.5%

$61.60
$21.60
$18.90
$37.08

$130.79
$57.20
$20.80
$17.55
$35.24

$8.39
$4.40
$0.80
$1.35
$1.84

6.4%
7.7%
3.8%
7.7%
5.2%

$328.08
$18.98

$314.82
$297.00
$17.82

$32.23
$31.08
$1.16

10.2%
10.5%
6.5%

$184.75
$70.00
$38.00
$30.00
$46.75

$0.00
$0.00
$0.00
$0.00
$0.00

0.0%
0.0%
0.0%
0.0%
0.0%

$92.50
$8.00
$20.00
$11.50
$15.00

Yield Change
5
1.9%
0
0.0%

$416.00
$42.90

$200.23

acre
acre
acre
acre

Machinery
Fuel - Gas
Fuel - Farm Diesel
Fuel - Road Diesel
Lube
Machinery Repair

270
20

$487.50
$445.90
$41.60

$380.10

1
1
3
2
0

Irrigation:
Irrigation Water Assessment-N
Irrigation Repairs - CP
Irrigation Power - Center Pivot

2011

2008
26
26

Custom & Consultants:


Custom Fertilize - Row Crops
Consultants/Soil Testing - SP
Custom Air Spray - 10 gal. rate
Rogueing

Final 11/7/2012

$42.25

$172.99

$139.18

$347.05

$184.75

University of Idaho

$70.00
$38.00
$30.00
$46.75
$0.00

11/7/2012

42

Table 25. 2012 Irrigated Russet Burbank G3 Seed Potatoes With On-Farm Storage
for Eastern Idaho: Caribou, Fremont and Teton Counties with Comparison to 2011.

Item

Quantity
Per Acre

Unit

Price or
Cost

Value or
Cost/Acre

Final 11/7/2012

2011

Operating Interest @ 6.0%

$45.07

$47.00

-$1.93

-4.1%

Total Operating Costs


Operating Costs per Cwt Based on Total Yield
Operating Costs per Cwt Based on Seed Only & Adjusted Operating Costs*

$2,063
$6.99
$7.23

$1,964
$6.77
$7.00

$98.54
$0.22
$0.23

5.0%
3.2%
3.3%

Net Returns Above Operating Expenses

$924

Ownership Costs:
Potato Storage System Depreciation & Interest
Tractors & Equipment Insurance
Tractors & Equipment Depreciation & Interest
Irrigation Equipment Depreciation & Interest
Land Rent**
General Overhead
Management Fee

$795

$147.00
$5.23
$183.00

$139.00
$5.07
$185.40

$8.00
$0.16
-$2.40

5.8%
3.2%
-1.3%

$375.00
$52.00
$145.00

$350.00
$49.00
$140.00

$25.00
$3.00
$5.00

7.1%
6.1%
3.6%

$907
$3.08
$3.21

$868
$2.99
$3.12

$38.76
$0.08
$0.08

4.5%
2.7%
2.7%

$2,970
$10.07
$10.44

$2,833
$9.77
$10.12

$137.30
$0.30
$0.32

4.8%
3.1%
3.1%

Total Ownership Costs


Ownership Costs per Cwt Based on Total Yield
Ownership Costs per Cwt Based on Seed Only & Adjusted Ownership Costs*
Total Costs per Acre
Total Cost per Cwt Based on Total Yield
Total Cost per Cwt Based on Seed Only and Adjusted Total Costs*
Returns to Risk

$17

-$93

Notes
* Costs are adjusted by subtracting revenue received from tops before dividing by seed yield
* Revenue from tops is apportioned as follows: 75% operating and 25% ownership
** Includes irrigation system ownership costs.
Blue font indicates an increase.
A red font indicates a decrease.
A green font indicates a change in product or procedure to derive the cost
Procedureal changes can result in different costs than were published the previous year
Seed Only
Breakeven Analysis:

5%

Base

+
5%

261.25

Yield
275

288.75

Operating Cost Breakeven

$7.61

$7.23

$6.88

Ownership Cost Breakeven

$3.38

$3.21

$3.06

Total Cost Breakeven

$10.99

$10.44

$9.94

$9.98

Price
$10.50

$11.03

Operating Cost Breakeven


Ownership Cost Breakeven

199.3
88.4

189.3
84.0

180.3
80.0

Total Cost Breakeven

287.7

273.4

260.3

Price

Yield

Date:
User's Name:
Address:

EI-Po4-12

University of Idaho

11/7/2012