Genetic Technologies Limited

Maize for Grain

Indicative Maize for Grain costs of production 2023-24

This table gives indicative maize grain costs of production. Costs to grow, harvest, transport and dry the crop are estimates only. Estimates are based on a sample of contractor rates, other typical industry charges and product costs. All costs exclude GST and were indicative at 22 August 2023. Given the volatility of farm input prices over the last few months, we would encourage you to complete your own budget prior to the start of the growing season.

Growing and harvest costs Indicative costs
($/ha)
My costs ($/ha)
Pre Planting Soil test, other 10
Base: Lime @ 1 t/ha + application 120
Base fertiliser: 300 kg/ha + application 375
Cultivation: to planting specifications 430
Planting Pioneer® brand maize seed P0640 @ 94,000/ha 555
FAR levy ($1.00/10,000 kernels @ 94,000/ha) 10
LumiGENTM System L-400 seed insecticide treatment 145
Starter fertiliser: 250 kg/ha DAP + application 310
Planting 210
Post planting Pre-emergence weed control + application 140
Post-emergence weed control + application 145
Side dressing: 250 kg/ha urea + application 310
Harvest: combine 500
  Total input costs per hectare $3,260
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Interest on input costs excluding harvest
Interest rate 8%
Interest @ 8% for 8 months $175
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Total costs (inputs & interest)

$3,435

Cartage and drying costs

Yield
Tonnes per hectare - DRY (@ 14% moisture)
Tonnes per hectare - WET
Cartage and drying costs ($)
Cartage cost per wet tonne ($)
Cartage: 50 km @ $22 per wet tonne
Drying costs per wet tonne ($)
Drying: (from 22% - 14%) @ $46 per wet tonne
Total drying costs per hectare
Cost summary ($) 10.00
t/ha DRY
11.00
t/ha DRY
12.00
t/ha DRY
13.00
t/ha DRY
14.00
t/ha DRY
Input costs
Interest (on input costs)
Drying costs / cartage costs
Total costs
Revenue
Tonnes per hectare - DRY
Indicative price per tonne
Total gross revenue per hectare
Net margin per hectare

Assumptions

  1. Costs to grow, harvest, transport and dry the crop are estimates only. Estimates are based on a sample of contractor rates, other typical industry charges and product costs. All costs exclude GST and were indicative at 31 March 2022. Given the volatility of farm input prices over the last few months, we would encourage you to complete your own budget prior to the start of the growing season.
  2. Medium yield growing environment where 94,000 seeds of hybrid P0640 are planted per hectare.
  3. Wet (harvest) moisture content of 22%.

Important

The information in this calculator is general in nature and is not intended to be a representation of actual costs. We do not accept any responsibility or liability (whether as a result of negligence or otherwise) for any loss of any kind that may arise from actions based on the contents of this calculator or otherwise in connection with the use of this calculator.