Marketing and Business Management - 260-Blueberry Enterprise Budget
Fact Sheet No. 260, UMaine Extension No. 2016
Updated by David E. Yarborough, Extension Blueberry Specialist. Original test by: Tom DeGomez, former Extension Blueberry Specialist, and Antonia L. Hoelper, former Extension Business and Economics Specialist, The University of Maine, Orono, ME 04469. May 2011.
See Sheets Below
- Average Cost and Yield Figures Excel Average Cost Worksheet
- Average Cost With Improved Management Excel Improved Management Worksheet
- Blueberry Enterprise Budget Worksheet
An enterprise budget can be very useful for making your blueberry enterprise profitable. Determining the production cost will help you make wise management decisions. The budget sheet below gives you the categories for your yield, price and production costs to figure income and expenses. There are two Excel budgets included which give average cost and yield figures and average cost with improved management so you can compare them. Every wild blueberry field is different, so you will need to use your own figures to develop your own budget returns.
| WILD MAINE BLUEBERRY BUDGET Average Cost Average Yield |
||
| Number of Acres (Crop) | 10.00 | |
| Yield (Lbs./Acre) | 3,000.00 | |
| Price/Lb. ($) | 0.54 | |
| Revenue/Acre ($) | 1,620.00 | |
| VARIABLE COSTS | $/Acre | $/Pound |
| Pruning: | ||
| Burning | 250.00 | 0.08 |
| Mowing | 0.00 | 0.00 |
| Average Pruning | 250.00 | 0.08 |
| Weed Control | 50.00 | 0.02 |
| Fertilization | 55.00 | 0.02 |
| Pollination | 200.00 | 0.07 |
| Pest Monitoring | 8.50 | 0.00 |
| Insect Control | 40.00 | 0.01 |
| Blight Control | 30.00 | 0.01 |
| Harvest: | ||
| Raking | 570.00 | 0.19 |
| Mechanical | 0.00 | 0.13 |
| Average Harvest | 570.00 | 0.19 |
| Packing and Marketing | 0.00 | 0.00 |
| Interest on Capital | 42.60 | 0.01 |
| Blueberry Tax | 22.50 | 0.0075 |
| Total Variable Costs | 1,268.60 | 0.42 |
| FIXED COSTS: | ||
| Machinery & Equipment | 60.10 | 0.02 |
| Taxes | 32.83 | 0.01 |
| Total Fixed Costs | 92.93 | 0.03 |
| Total Costs | 1,361.53 | 0.45 |
| Returns Above Costs Shown | 258.47 | 0.09 |
| Average Total Annual Return to Management | ||
| ($/FARM) | 2,584.70 | |
| WILD MAINE BLUEBERRY BUDGET Average Cost Improved Yield |
||
| Number of Acres (Crop) | 10.00 | |
| Yield (Lbs./Acre) | 6,000.00 | |
| Price/Lb. ($) | 0.54 | |
| Revenue/Acre ($) | 3,240.00 | |
| VARIABLE COSTS | $/Acre | $/Pound |
| Pruning: | ||
| Burning | 0.00 | 0.00 |
| Mowing | 71.00 | 0.01 |
| Average Pruning | 71.00 | 0.01 |
| Weed Control | 94.00 | 0.02 |
| Fertilization | 106.00 | 0.02 |
| Pollination | 400.00 | 0.07 |
| Pest Monitoring | 66.00 | 0.01 |
| Insect Control | 50.00 | 0.01 |
| Blight Control | 52.00 | 0.01 |
| Harvest: | ||
| Raking | 0.00 | 0.19 |
| Mechanical | 780.00 | 0.13 |
| Average Harvest | 780.00 | 0.13 |
| Packing and Marketing | 0.00 | 0.00 |
| Interest on Capital | 42.60 | 0.01 |
| Blueberry Tax | 45.00 | 0.0075 |
| Total Variable Costs | 1,771.60 | 0.30 |
| FIXED COSTS: | ||
| Machinery & Equipment | 60.10 | 0.01 |
| Taxes | 32.83 | 0.01 |
| Total Fixed Costs | 92.93 | 0.02 |
| Total Costs | 1,864.53 | 0.31 |
| Returns Above Costs Shown | 1,375.47 | 0.23 |
| Average Total Annual Return to Management | ||
| ($/FARM) | 13,754.70 | |
| BLUEBERRY ENTERPRISE BUDGET WORKSHEET This worksheet can be used to formulate a budget for your blueberry operation. Put your own income and costs in the blanks to calculate total income and costs |
|||
| Item | Quantity/Acre | Unit Price | Value/Acre |
| Income Wholesale blueberries sold at processing plant Sold fresh market Total Income |
______ lbs.
______ lbs. |
$ ______
$ ______ |
$ ______ $ ______ $ ______ |
| Variable Vegetative Year a. Pruning b. Weed control, applied c. Hand weed control d. Nutrient testing e. Fertilizer |
______ ______ hours ______ ______ lbs. |
______ ______ ______ ______ |
______ ______ ______ ______ ______ |
| Harvest Year a. Pollination b. Monitoring for pests c. Insect control, application d. Harvest |
______ hives
______ |
______
______ |
______ ______ ______ ______ |
| Miscellaneous a. Interest on operating capital (5 months) b. Management fee |
$ ______ | ______ %
______ % |
______
______ |
| Fixed a. Property taxes b. Field & Road Upkeep |
$ ______ $ ______ |
______ ______ |
______ ______ |
| Total Expenses | $ ______ /lb. | $ ______ /A | |
Information in this publication is provided purely for educational purposes. No responsibility is assumed for any problems associated with the use of products or services mentioned. No endorsement of products or companies is intended, nor is criticism of unnamed products or companies implied.
©2011
Published and distributed in furtherance of Acts of Congress of May 8 and June 30, 1914, by the University of Maine Cooperative Extension, the Land Grant University of the state of Maine and the U.S. Department of Agriculture cooperating. Cooperative Extension and other agencies of the U.S.D.A. provide equal opportunities in programs and employment.
Call 800-287-0274 or TDD 800-287-8957 (in Maine), or 207-581-3188, for information on publications and program offerings from University of Maine Cooperative Extension, or visit extension.umaine.edu.
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