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Projected Corn Costing and Income

This document provides a projected budget and income statement for a 13-hectare corn farm project. It estimates material costs of ₱447,850 for the first month which includes seeds, fertilizers, pesticides. Labor costs are estimated at ₱184,450 for the first month for activities like clearing, tilling, planting. The total projected income for the first corn harvest is ₱1,164,800 with a net profit of ₱440,145 or 38% net profit margin. A cash flow analysis shows a closing balance of ₱440,670 after accounting for costs and sales.

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Alexis Isaac Ferro
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118 views

Projected Corn Costing and Income

This document provides a projected budget and income statement for a 13-hectare corn farm project. It estimates material costs of ₱447,850 for the first month which includes seeds, fertilizers, pesticides. Labor costs are estimated at ₱184,450 for the first month for activities like clearing, tilling, planting. The total projected income for the first corn harvest is ₱1,164,800 with a net profit of ₱440,145 or 38% net profit margin. A cash flow analysis shows a closing balance of ₱440,670 after accounting for costs and sales.

Uploaded by

Alexis Isaac Ferro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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PROJECT ID 19009

LOT: 03 PSD-02-04-026632
TOTAL LOT AREA : 154,449 SQ.M
USABLE AREA : UNKNOWN

A. ESTIMATED MATERIAL COST (13 hctrs estimated us able area)


Item of Expenditure 1 st Month 2 nd Month 3 rd Month 4 th Month 5 th Month Total

Corn seeds @ 4,700 per sacks.


2 sacks per hectares. (26 sacks
₱141,000.00 - - - - ₱141,000.00
computed with an allowance of
4 sacks, 30 sacks total)

Ammonium phosphate (16-20-0)


@1,470 per bags. 6 bags per
hectares (78 bags with an ₱117,600.00 - - - - ₱117,600.00
allowance of 2 bags, 80 bags in
total)

Urea (46-0-0) @ 2,180 per bag.


4 bags per hectares (52 bags
₱130,800.00 - - - ₱130,800.00
bags with an allowance of 8
bags, total of 60 bags)

Glyphosate Glyphotex(weed
killer) @ 1,130 per gallon (2.3
₱33,900.00 - - - - ₱33,900.00
GAL per hectares, TOTAL OF
30)

FOLIAR FERTILIZER (CROP


GIANT BRAND) @ 265 PER
BOX. 2 BOX PER hcrs ( 26 ₱7,950.00 - - - - ₱7,950.00
boxes with an allowance of 4
boxes, total of 30 boxes)
INSECTICIDE (Actor brand)
@ 350 PER LITER (20 liters ₱7,000.00 - - - - ₱7,000.00
(1.5 liters per hectares))
HERBICIDE (24D ESTER) @
320 PER LITER (2.3 LITERS
₱9,600.00 - - - - ₱9,600.00
PER HECTARES, 30LITERS
TOTAL)
₱447,850.00 ₱0.00 ₱0.00 ₱0.00 ₱0.00 ₱447,850.00

B. ESTIMATED LABOR COST


MD- Man Day 20 personnel 350 per MD

Item of Expenditure 1 st month 2 nd month 3 rd month 4 th month 5 th month Total

·         Clearing @ 3,500/hectares


₱45,500.00 - - - - ₱45,500.00
(including gas and driver)

·         Rotovator @ 3,500/hectares


₱45,500.00 ₱45,500.00
(including gas and driver)

·         Laying-out ( 2 carabao


including man labor) @ 700 /
₱18,200.00 - - - - ₱18,200.00
day / hectares / 1 hectares per
day

·         Digging of Holes and placing ₱70,000.00 - - - - ₱70,000.00


of seeds: 10 MD * # of personnel

·         Fertilizer Application 5


- ₱5,250.00 - - - ₱5,250.00
MD / 3 persons
·         Insecticide Application 5 MD ₱5,250.00 - ₱5,250.00 - - ₱10,500.00
/ 3 persons
·         Weeding and cultivation - ₱5,250.00 - ₱5,250.00 - ₱10,500.00
5MD / 3 persons
·         Harvesting - - - - - ₱0.00
₱184,450.00 ₱10,500.00 ₱5,250.00 ₱5,250.00 ₱0.00 ₱205,450.00

*HARVESTING NEEDS NEGOTIATION FOR THE REAPER RENTAL PERCENTAGE


FIXED COST
DEPRICIATION COSTS @ 5% Annual
Item of Expenditure LIFE SPAN ( YRS ) TOTAL
1st yr 2nd yr 3rd yr 4thyr 5yr
3
Unit Knapsack Sprayer
5 ₱525.00 ₱525.00 ₱525.00 ₱525.00 ₱525.00 ₱2,625.00
@
₱3,500.00
TOTAL ₱525.00 ₱525.00 ₱525.00 ₱525.00 ₱525.00 ₱2,625.00

Basic Assumptions:
Production of corn per hcrs in
kilos 72800 13 hectares 80 sacks per hectares
1 st crop: 5600 kgs 70 kgs per sack
Price per kilo of kgs of corn = 16 updated price watch link as per DA RFO 2 (link)
Labor Cost, Material Cost and price of fruit will increase @ 5% per year

PROJECTED INCOME
STATEMENT
CORN Production

CROP 1
Sales:
₱1,164,800.00
Sales of Corn

TOTAL SALES ₱1,164,800.00


Less:Expenditures
Cost of Materials ₱447,850.00
Cost of Labor ₱205,450.00
Miscellaneous ₱5,000.00
Contingency (10%) ₱65,830.00
Depreciation ₱525.00
TOTAL CASH
₱724,655.00
EXPENSES
NET INCOME ₱440,145.00
NET PROFIT MARGIN 38%

1ST crop
CASH INFLOW
Sales:
Sales of Corn ₱1,164,800.00
TOTAL CASH INFLOW:
₱1,164,800.00
CASH OUT FLOW
Cost of Materials ₱447,850.00
Cost of Labor ₱205,450.00
Miscellaneous ₱5,000.00
Contingency (10%) ₱65,830.00
TOTAL CASH
₱724,130.00
OUTFLOW
CAR SURPLUS
OPENING BALANCE ₱0.00
CLOSING BALANCE ₱440,670.00
Hectares Sacks Needed

13 2

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