University of Maryland Extension

7. Sample Cost Sheet for Grain Farm

Grain Farm Assumptions: The following equipment is based upon a 1500-2000 acre operation with limited storage. Equipment cost estimates are based on new or near new condition equipment. The sample operation follows a standard rotation of small grain (wheat/barley), full season soybeans, corn and double crop soybeans or sorghum.  Most field operations are completed no-till or reduced till, which minimizes the amount of tillage reguired. Some custom work is utilized for hauling grain to the elevator, fertilizer application and some field spraying.

 

Description

Average costs for new
or near new condition

Field Equipment

Tractor Over 150HP

Cab, 4wd, GPS,

$110,000.00

Tractor Under 150HP

Cab, 4wd, GPS

$75,000.00

Tractor, Utility, 50-75

Open Platform, 2wd, utility

$35,000.00

Combine

Mid-large capacity

$250,000.00

Pick Up Truck

¾ ton

$40,000.00

Disc

20 ft. used

$18,000.00

Chisel Plow

12 ft. used

$15,000.00

Cultivator, field

20 ft. used

$12,000.00

Grain Drill

15 ft., no-till equipped

$50,000.00

Planter (corn/bean)

8 row, no-till equipped

$70,000.00

Combine Corn Head

6 row

$42,000.00

Combine Grain Head

18-25 ft. platform

$35,000.00

Sprayer-boom type

60-90 ft. boom. Pull Type

$45,000.00

Mower

10 ft., Heavy Duty

$5,000.00

 

Transportation/Storage

Grain Wagon

600-800 bushel

$12,000.00

Grain Truck

Straight Truck, Single Axle

$25,000.00

 

Buildings

Pole Building

Equipment storage

$25,000.00

 

Total

 

$767,000.00

                                                                                                                                                        
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