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Example 09- General Capital Input Calculator

Capital Service Calculation View

General Capital Calculator

Introduction
This tool calculates totals for general capital input uris. The discounted totals include operating, allocated overhead, and capital costs. Operating costs include fuel, repair and maintenance, and labor costs. Allocated overhead costs include capital recovery, and taxes, housing and insurance costs. Farm machinery and irrigation power inputs should use one of the existing, specialized calculators.

Calculation View Description
Sample data set used in a DevTreks tutorial. V214a

Version: 1.6.3

Feedback About crops/input/Example 09- General Capital Input Calculator/2147376808/gencapital

Step 1 of 4. Make Selections

Step 2 of 4. Make Selections


Step 3 of 4. Calculate

Relations

Use In Childs?
Overwrite Childs?
Fuel (gal/hr): 2.0000
Fuel Cost: 7.0000
Fuel Unit: gallons/hour
Repair Cost: 0.3000
Labor Cost: 9.9000
Total Operating Cost ($/hour):
17.200
Capital Recovery Cost: 0.6317
Taxes, Housing, Insurance: 0.1429
Total Allocated Overhead Cost ($/hour):
0.775
Capital Cost:1000.000
Capital Unit: each

A. Select options

Inflation Options

B. Fill in machinery variables

1,000.0000

Step 4 of 4. Save

Method 1. Do you wish to save step 2's calculations? These calculations are viewed by opening this particular calculator addin.

Instructions (beta)

Step 1

  • Step 1. Machinery Constants: The constants derive from an American Society of Agricultural and Biological Engineers publication.
  • Step 1. Real and Nominal Rates: The nominal rate includes inflation while the real rate does not. In the USA, DevTreks recommends using Office of Management and Budget rates for the same year as the date of the input.
  • Step 1. Size Ranges: This information is optional. Machinery selection and scheduling analyzers use these ranges to determine feasible combinations of machinery (i.e. least cost) in operations and components. The size column should either be width for implements or horsepower for power inputs. The minimum horsepower column is optional and used to limit the power unit used for pulling the associated implement to a minimum feasible hp. Guidelines can be found in the references below to calculate the minimum hp.

Step 2

  • Step 2. Fuel Prices: The prices should be as of the date of the input. Prices that won't be used, such as natural gas prices, do not need to be filled out.
  • Step 2. Labor Prices: These prices should reflect actual gross hourly wages for each category of labor.
  • Step 2. Tax Percent: A percent that is multiplied by the market value to derive a tax cost.
  • Step 2. Housing Percent: A percent that is multiplied by the market value to derive a housing cost.
  • Step 2. Insure Percent: A percent that is multiplied by the market value to derive an insurance cost.

Step 3

  • Step 3. Use Same Calculator Pack In Descendants?: True to insert or update this same calculator in children.
  • Step 3. Overwrite Descendants?: True to insert or update all of the attributes of this same calculator in all children. False only updates children attributes that are controlled by the developer of this calculator (i.e. version, stylehsheet name, relatedcalculatorstype ...)
  • Step 3. Inflation Options: These options change the capital recovery cost.
  • Step 3. What If Tag Name: Instructional videos explaining the use of what-if scenario calculations should be viewed before changing or using this parameter.
  • Step 3. Related Calculators Type: When the Use Same Calculator Pack in Descendant is true, uses this value to determine which descendant calculator to update. Inserts a new descendant when no descendant has this same name. Updates the descendant that has this same name.
  • Step 3. Market Value: This calculator uses the associated input's input.CAPPrice for the market value (so fill in the CAPPrice before running the calculations).
  • Step 3. OC and AOH Amount Per Hour: This calculator uses the associated input's input.OCAmount (so fill in this number before running the calculations). If running descendant calculations, make sure this number has been entered accurately for the descenants.
  • Step 3. Labor Amount Adjustment: A multiplier that is used to adjust the amount of labor used operation a machinery input. For example, if the time spent setting up the machinery or transporting the machinery adds ten percent to the total amount of time it takes to complete the specified area, enter 10. This number is divided by 100 in the calculations.
  • Step 3. Rated Energy Use (per hour): Enter the quantity of fuel used per hour.
  • Step 3. Energy Efficiency Typical: A percent that is multiplied by the energy use to derive an adjusted energy use. For example, if the Rated Energy Use is 1 gallon per hour and the the Energy Efficiency is 80. The total energy use per hour is .8 gallon per hour = 1 gallon per hour * (80 / 100). Note that this number is divided by 100 in the calculations.
  • Step 3. Repair and Maintenance Percent: A percent that is multiplied by the market value to derive a repair and maintenance cost per hour. For consistency, we recommend entering this using numbers greater than 0 (numbers less than zero will be multiplied by 100).

References

  • Hallam, Eidman, Morehart and Klonsky (editors) Commodity Cost and Returns Estimation Handbook, Staff General Research Papers, Iowa State University, Department of Economics, 1999

Current view of document
Example 09- General Capital Input Calculator
Input Group
Calculator Examples
Input: Example 09- General Capital Input Calculator
Market Value Salvage Value Capital Recovery Cost THI Cost Starting Hrs Planned Use Hrs Useful Life Hrs Operating Cost (per hr) AOH Cost (per hr)
Fuel Amount Fuel Price Fuel Cost Labor Amount Labor Price Labor Cost Energy Use Hr Energy Efficiency R and M Percent Repair Cost
1000.00 75.00 0.6317 0.1429 300 100 2000 17.200 0.775
2.0000 3.5000 7.0000 1.1000 9.00 9.9000 2.50 80.0000 0.0300 0.3000
Input Series: Example 7- General Capital Input Calculator
1000.00 75.00 0.6317 0.1429 300 100 2000 17.200 0.775
2.0000 3.5000 7.0000 1.1000 9.00 9.9000 2.50 80.0000 0.0300 0.3000
Group Totals
Dataset: Example 09- General Capital Input Calculator IRI This cost example demonstrates calculations generated by the general capital input calculator

Search IRIs:
https://www.devtreks.org/agtreks/linkedviews/crops/input/Example 09- General Capital Input Calculator/2147376808/gencapital









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