Economic Calculations - 4 ton limit |
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Corn Yield
Goal |
180 |
bu./a |
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Soy Yield
Goal |
60 |
bu./a |
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Average pH
= |
5.65 |
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Table 1.
Expected Yield Gain from Site Specific Lime Application |
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Expected |
pH After |
Expected |
Difference |
pH After |
Expected |
Difference |
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Zone |
Initial |
Yield at |
2 ton |
Yield at |
From |
Site |
Yield at |
From |
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Crop & Zone |
Area |
pH |
Initial pH |
Uniform |
Uniform |
Initial |
Specific |
Uniform |
Initial |
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--bu./a---- |
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--bu./a---- |
--bu./a---- |
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--bu./a---- |
--bu./a---- |
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Corn |
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NE zone |
3 |
4.5 |
139.07 |
5.2 |
157.53 |
18.46 |
5.8 |
169.74 |
30.66 |
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Middle zone |
4 |
5.5 |
164.42 |
6.2 |
173.49 |
9.08 |
6.5 |
175.68 |
11.27 |
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SE zone |
3 |
7 |
176.33 |
7.7 |
173.33 |
-3.00 |
7.0 |
176.33 |
0.00 |
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Field Yield
Gain |
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82.68 |
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137.06 |
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Soybean |
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NE zone |
3 |
4.5 |
45.43 |
5.2 |
51.25 |
5.82 |
5.8 |
55.12 |
9.69 |
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Middle zone |
4 |
5.5 |
53.43 |
6.2 |
56.31 |
2.89 |
7.2 |
57.24 |
3.81 |
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SE zone |
3 |
7 |
57.24 |
7.7 |
56.24 |
-1.00 |
7.0 |
57.24 |
0.00 |
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Field Yield
Gain |
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26.01 |
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44.31 |
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Table 2.
Expected Profits from Variable Rate Lime on Example Field |
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Item |
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Uniform |
VRT |
Difference |
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Parameters: |
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Nominal Corn Price |
2.5 |
$/bu. |
Value of
Yield Change |
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Nominal Soy Price |
6 |
$/bu. |
Corn, $ |
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140.56 |
233.01 |
92.45 |
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Effective Corn Price |
1.7 |
$/bu. |
Soybeans, $ |
144.33 |
245.93 |
101.60 |
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Effective Soy Price |
5.55 |
$/bu. |
Average
Gain, $ |
142.45 |
239.47 |
97.02 |
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Soil
Testing Cost, $ |
2.45 |
21 |
18.55 |
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Application
Fee, $ |
10.5 |
21 |
10.50 |
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Lime, $ |
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126 |
151.2 |
25.20 |
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Net per
field/year, $ |
3.50 |
46.27 |
42.77 |
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Net per
acre/year, $ |
0.35 |
4.63 |
4.28 |
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