WSU Tree Fruit Enterprise Budgets A powerful tool to track and manage your expenses R. Karina Gallardo & Mykel Taylor Washington State University.

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Presentation transcript:

WSU Tree Fruit Enterprise Budgets A powerful tool to track and manage your expenses R. Karina Gallardo & Mykel Taylor Washington State University

Content 1.Budget Process 2.Where to find these studies? 3.Assumptions made 4.Study components 5.Summary of findings 6.Use of budgets

Budget Process Convene a group of growers – The budgets are not a survey – Representation of location, size of operations, and experience

Budget Process (2) Determine the production scenario – Puts everyone on the same page when it comes to our assumptions

Budget Process (3)

Where is it?

Cost Estimates of Establishing and Producing Sweetheart Cherries are available in both Excel and PDF

Assumptions for Sweet Cherry Study Sweetheart on Mazzard rootstock Block size: 10 acres Orchard size: 150 acres Irrigation system  Overhead and under tree drip sprinklers  Public irrigation district Architecture  Two dimensional system (planar canopy), randomly trained w/18-in radius from tree center  In-row space: 10 feet  Between row: 16 feet Life of planting: 25 years Density: 272 trees per acre

Summary of Costs Sweetheart Cherries by Categories ($/acre) Fixed Costs

Estimated Net Returns per Acre at Various Prices and Yield – Sweetheart Cherries Price ($/ton) Yield (tons/acre) 8001,6002,4003,2004, ,379-4,779-3,179-1, ,060-2, ,5406, , ,8588,65813, , ,37613,77620, ,1062,89410,89418,89426, ,7884,81214,41224,01233,612 [1] Includes amortized establishment costs.

Cost Estimates of Establishing and Producing Gala apples are available in both Excel and PDF

Assumptions for Gala Study Gala on 9 series Dwarf rootstock Block size: 40 acres Orchard size: 160 acres Irrigation system  Overhead and under tree drip sprinklers  Public irrigation district Architecture  Two dimensional system (planar canopy), randomly trained w/18-in radius from tree center  In-row space: 4 feet  Between row: 10 feet Life of planting: 15 years Density: 1,089 trees per acre

Summary of Costs By Categories ($/acre) Fixed Costs

Estimated Net Returns per Acre at Various Prices and Yield - Gala Price ($/bin) Yield (bins/acre) ,193-2,318-1, ,381-1, , , ,8052, ,7422,9924, ,4302,8054,1805, ,3673,8675,3676,867 [1] Includes amortized establishment costs. [2] Assumes pack-out of 20 packs/bin (all grades) and 925 lb/bin

COMING NEXT Anjou pears Bartlett –cannery- pears Organic Gala apples Honeycrisp apples

REMEMBER: Use of These Budgets Growers –Starting point for comparison and creation of own budgets Policy makers –Educational tool for understanding the different cost centers in tree fruit production Lenders and investors –Illustration on operating loans and projected costs and returns Other researchers –Financial feasibility of new technologies

Thank You R. Karina Gallardo Washington State University Tree Fruit Research and Extension Center, School of Economic Sciences 1100 N. Western Ave. Wenatchee, WA Phone: (509) 663–8181 x 261 Mykel Taylor Washington State University School of Economic Sciences 103C Hulbert Hall Pullman, WA Phone: (509)