| Table 6. Double-crop Soybeans for Low, Average, And High Productivity Soils | |||||||||||
| Low | Medium | High | |||||||||
| productivity soil | productivity soil | productivity soil | |||||||||
| Price | Value | Value | Value | ||||||||
| Unit | per unit | Quantity | per acre | Quantity | per acre | Quantity | per acre | ||||
| Production and revenue | |||||||||||
| Soybeans | bu. | $5.40 | 21.0 | $113.56 | 26.1 | $140.85 | 32.0 | $173.06 | |||
| Other revenue | $/acre | $0.00 | $0.00 | $0.00 | |||||||
| Total revenue | $113.56 | $140.85 | $173.06 | ||||||||
| Direct Charges | |||||||||||
| Phosphate | lb. | $0.18 | 16.8 | $3.02 | 20.9 | $3.76 | 25.6 | $4.61 | |||
| Potash | lb. | $0.13 | 49.4 | $6.42 | 56.5 | $7.35 | 64.9 | $8.44 | |||
| Total fertilizer & lime | $9.44 | $11.11 | $13.05 | ||||||||
| Soybean seed | 50 lb. Bag | $20.00 | 1.50 | $30.00 | 1.50 | $30.00 | 1.50 | $30.00 | |||
| Round-Up Ultra (Double crop) | qt. | $8.75 | 1.00 | $8.75 | 1.00 | $8.75 | 1.00 | $8.75 | |||
| Soybean herb | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| Total chemicals | $8.75 | $8.75 | $8.75 | ||||||||
| Grain handling | bu. | $0.020 | 21.0 | $0.42 | 26.1 | $0.52 | 32.0 | $0.64 | |||
| Hauling - Soybeans | bu. | $0.060 | 21.0 | $1.26 | 26.1 | $1.57 | 32.0 | $1.92 | |||
| Drying wheat | acre | $2.00 | 1.0 | $2.00 | 1.0 | $2.00 | 1.0 | $2.00 | |||
| Machinery fuel | gal. | $1.20 | 3.0 | $3.60 | 3.0 | $3.60 | 3.0 | $3.60 | |||
| Machinery repairs | acre | $1.00 | 4.00 | $4.00 | 4.00 | $4.00 | 4.00 | $4.00 | |||
| Crop insurance | acre | $1.00 | 0.0 | $0.00 | 0.0 | $0.00 | 0.0 | $0.00 | |||
| Miscellaneous | acre | $1.00 | 4.0 | $4.00 | 4.0 | $4.00 | 4.0 | $4.00 | |||
| Interest on direct charges | percent | 9.50% | $40.04 | $3.80 | $41.30 | $3.92 | $42.75 | $4.06 | |||
| Total direct charges | $67.27 | $69.47 | $72.02 | ||||||||
| Summary | |||||||||||
| Revenue less direct charges | $46.29 | $71.38 | $101.04 | ||||||||
| Direct charges per bushel | $3.20 | $2.66 | $2.25 | ||||||||
| Government payment1 | $/acre | $2.94 | $3.65 | $4.48 | |||||||
| Revenue + government payment | |||||||||||
| less direct charges | $/acre | $49.23 | $75.03 | $105.52 | |||||||
| 1 | Government payments are based on the assumption that soybean yields are 21, 26.1, and 32 for low, average, and high yield soils. | ||||||||||
| The payment rate is $0.14 per bushel. | |||||||||||