Flashcards in Gross Margins/ Cost of Establishment Deck (2)
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1
Q
Gross Margin for Feed Wheat (acres)
A
Income
3.5 tonne per acre @ 270 per tonne = £945 per acre
Variable Costs
Seed @ £25 per acre
Fert @ £250 per acre (assume bought this week)
Sprays@ £100 per acre
Sundries @ £10 per acre
Total = £385 per acre
GM = £560
2
Q
Gross Margin Wheat (HA)
A
Income @7.5 tonne per ha (£275 per tonne)
Total Income £2063
Variable Costs
Seed £66
Ferts £575
Sprays £265
Sundries £23
Total Costs £929
Gross Margin of - £1,134
