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Cleanout/Record Keeping may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.
Equipment Cleanout Close
Some cleanout will be required when planting IP soybeans. Consider how much total time would be used for cleanout which may include the planter, combine, grain cart, wagon, bin and truck. The estimated clean out time for each piece of equipment is 2-4 hours depending on your operation with an estimated average total of 16 hours for hard IP products.
Labor Rates
Cleanout may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.
Equipment Cleanout Close
Limited cleanout may be required when planting high oleic soybeans, depending on each processor's agreements. Consider how much total time would be used for cleanout which may include planters, combines, grain carts and more. Some contracts may not specify any cleanout requirements, and, at most, cleanout should only be a few hours total.
Labor Rates
Cleanout may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.
Record Keeping Close
IP Soybeans require some additional record keeping to ensure purity. These could include planting and harvest times, crop maintenance, storage and more. Consider how much time it may take you to complete extra reports. The estimated record keeping time is 2 hours, but this will vary per operation.
Labor Rates
Record Keeping may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.
Shrink Close
Shrink accounts for the change of weight due to loss or gain of water from harvested moisture content to final moisture content. Your elevator may have a standard rate of shrink that they use.
Border Strips Close
Border strips account for the area on the edge of your fields that cannot be sold as IP to protect the purity of the product.
Planting Delay Close
Planting delays occur when you plant commodity soybeans prior to IP. You can eliminate delays by planting IP first. Delays should only be considered after the optimum planting period in your location has passed.
Estimate: 0.4 bushels per day decline.
Harvest DelayClose
Harvest delays occur when you harvest commodity soybeans prior to IP. You can eliminate harvest delays by harvesting IP first. Delays should only be considered if harvest occurs after the ideal harvest time.
Estimate: 8 percent over 2 weeks or .57 percent (.0057) per day
Wasted StorageClose
Some farmers consider unused space in their bins as wasted space. If you think your bins would be left unfull, you can add numbers here.
Planting DelayClose
Planting delays occur when you plant commodity soybeans prior to IP. You can eliminate delays by planting IP first. Delays should only be considered after the optimum planting period in your location has passed.
Estimate: 0.4 bushels per day decline.
Harvest DelayClose
Harvest delays occur when you harvest commodity soybeans prior to IP. You can eliminate harvest delays by harvesting IP first. Delays should only be considered if harvest occurs after the ideal harvest time.
Estimate: 8 percent over 2 weeks or .57 percent (.0057) per day
Storage IssuesClose
Some farmers consider unused space in their bins as wasted space. If you think your bins would be left unfull, you can add numbers here.
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Soybean Profit Calculator
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Soybean Profit Calculator
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Soybean Profit Calculator
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Additional Revenue ()
Revenue from Growing IP ( , , ) | |
Border Strips () | |
Total Revenue from IP |
Total Revenue if Growing Commodity ( , , ) | |
Additional Revenue from IP |
Additional Costs (Savings) of IP
Seed Cost | |
Herbicide | |
Cleanout Labor | |
Record Keeping Labor | |
Delivery | |
OptionalPlanting Delay Calculate | |
Harvest Delay Calculate | |
Storage Calculate | |
Total Additional Costs |
Additional Profit from IP |
EXPECTED IP YIELD
Drag the slider to modify your IP yield.
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