assumed to be nine hours. In other words, equipment usage time is
assumed to be 90% of labor time;, allowing for the time lost in
activities such as ref fueling etc..
The efficiency in terms of acres per day is utsed to obtain
the total number of hours per acre a machine is employed. This
information is used to calculate fixed costs and variable costs
on a per acre basis.
Labor
Labor cost per hour of work is estimated to be $5.50,
:i.nclu ding f ringe benef its The number of hours of work in a
typical working day is assumed to be 10. Together with machinery
eff iciency:, this information is used to calculate labor cost per
acre,,
Yields and Prices
Rice is assumed to be harve-sted at 21% moisture content and
dried down to 12.5% A vield of 40 cwt of dry rice per acre and a
price of *$10/cwt (higher than the average domestic price due to
high quality No. 2 rice) are assumed for the plant crop,, For the
ratoon rice, the yield assumed is of 20 cwt. and the price is
$9,,50 (a lower price is the result of a lower quality rice). The
cost of hauling the rice to the dryer is set at $0.05/cwt/mile.,
The drying cost is $11.40 per cwt of wet rice.