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Marketing and Business Management - 260-Blueberry Enterprise Budget

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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

  1. Average Cost and Yield Figures  Excel Average Cost Worksheet
  2. Average Cost With Improved Management   Excel Improved Management Worksheet
  3. 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

______
______lbs.

______

______
______

______
______
______
______
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 Cooperative Extension work, Acts of Congress of May 8 and June 30, 1914, by the University of Maine and the U.S. Department of Agriculture cooperating. Cooperative Extension and other agencies of the USDA 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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