Bunker Space Calculator

Maize for Grain Economics

The economics of growing maize for grain are dependent on growing costs, crop yield and the price received per tonne of grain ($/tonne).

As a guide, the approximate fixed and variable costs to grow maize for grain are shown in this table. Please contact your local Grain Merchant Representative or contractor to establish current costs.

Table 1: Indicative Maize for Grain Costs of Production for the 2020-21 season

Use the 'My costs' column to determine your costs based on the estimates provided.

Tip: To move quickly to the next input field press the TAB key.
       
    Indicative costs
($/ha)		 My costs
($/ha)
Inputs
Soil test, other 10
Base: Lime @ 1 t/ha + application 90
Base fertiliser: 300 kg/ha + application 230
Cultivation: To planting specifications 380
Pioneer® brand maize seed P0891 @ 94,000/ha 450
FAR levy ($1.00/10,000 kernels @ 94,000/ha) 10
L-400 seed insecticide treatment 130
Starter fertiliser: 250 kg/ha DAP + application 200
Planting 170
Pre-emergence weed control 60
Post-emergence weed control 90
Side dressing: 250 kg/ha urea + application 220
Spraying: Two applications 80
  Harvest: Combine 380
  Total input costs per hectare $2,500
  Interest on input costs excluding harvest
  Interest rate 6%
  Interest on $2,130 @ 6% for 8 months $80
       
Total costs (inputs & interest) $2,580


  Yield
Tonnes per hectare - WET
Tonnes per hectare - DRY (@ 14% moisture)
Cartage and drying costs
Cartage cost per wet tonne ($)
Cartage: 50 km @ $20 per wet tonne
Drying costs per wet tonne ($)
Drying: (from 22% - 14%) @ $41 per wet tonne
Total drying costs per hectare
Cost summary 10.5 t/ha DRY 11.5 t/ha DRY 12.5 t/ha DRY 13.5 t/ha DRY 14.5 t/ha DRY
Input costs
Interest (on input costs)
Drying costs / cartage costs
Total costs
  Revenue
Tonnes per hectare - DRY
Indicative price per tonne - 2021 harvest
Total gross revenue per hectare
           
 
Net margin per hectare


ASSUMPTIONS

  1. Costs to grow, harvest, transport and dry the crop are estimates only.
  2. Medium yield growing environment where 94,000 seeds of hybrid P0891 are planted per hectare.
  3. Wet (harvest) moisture content of 22%.
  4. Costs are estimates based on a sample of contractor rates, other typical industry charges and product costs. All costs exclude GST and were indicative at 30 April 2020.

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.

© 2020 Genetic Technologies Limited