Contract Rate Calculator - Revision history

Admin: /* Calculation Parameters */

2023-06-29T00:24:36Z

Calculation Parameters

← Older revision		Revision as of 00:24, 29 June 2023
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	====Calculation Parameters====		====Calculation Parameters====

	'''1. Enter the average ~~‘Interest Rate’~~ paid on loans for new machinery (%), to factor in an opportunity cost.''' For example, 7 percent.		'''1. Enter the average "Interest Rate" paid on loans for new machinery (%), to factor in an opportunity cost.''' For example, 7 percent.


	'''2. Enter the ~~‘Contract~~ Labour ~~Rate’~~ in dollars per hour ($/hr).''' For example $35/hr.		'''2. Enter the "Contract Labour Rate" in dollars per hour ($/hr).''' For example $35/hr.


	'''3. Enter a suitable ~~‘Profit~~ Margin' as a percentage (%).''' For example, 10%.		'''3. Enter a suitable "Profit Margin" as a percentage (%).''' For example, 10%.

Admin: /* Calculator Table */

2023-06-29T00:15:34Z

Calculator Table

← Older revision		Revision as of 00:15, 29 June 2023
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	'''4. Click on the ~~submit~~ button and a contracting rate ($/ha) will be shown in the table in the farthest right column.'''		'''4. Click on the "Submit" button and a contracting rate ($/ha) will be shown in the table in the farthest right column.'''

	* This is the Total FORM, interest, labour and depreciation + profit figure.		* This is the Total FORM, interest, labour and depreciation + profit figure.

Admin: /* Calculation Parameters */

2023-06-29T00:15:16Z

Calculation Parameters

← Older revision		Revision as of 00:15, 29 June 2023
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	'''4. Click on the ~~‘Submit’~~ button.'''		'''4. Click on the "Submit" button.'''

Admin: /* Calculator Table */

2023-06-28T23:32:07Z

Calculator Table

← Older revision		Revision as of 23:32, 28 June 2023
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	'''3. Enter an estimate of the salvage value of the tractor or implement.''' For example, 15 years.		'''3. Enter an estimate of the salvage value of the tractor or implement.''' For example, 15 years.

	- This is an estimate of how much the tractor or implement could be sold for at the end of its expected productive life.		* This is an estimate of how much the tractor or implement could be sold for at the end of its expected productive life.


	'''4. Click on the submit button and a contracting rate ($/ha) will be shown in the table in the farthest right column.'''		'''4. Click on the submit button and a contracting rate ($/ha) will be shown in the table in the farthest right column.'''

	- This is the Total FORM, interest, labour and depreciation + profit figure.		* This is the Total FORM, interest, labour and depreciation + profit figure.
			* The life of the tractor and the implement is very important for the depreciation calculation.
	- The life of the tractor and the implement is very important for the depreciation calculation.

Admin: /* Calculator Table */

2023-06-27T22:50:12Z

Calculator Table

← Older revision		Revision as of 22:50, 27 June 2023
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	'''3. Enter an estimate of the salvage value of the tractor or implement, ~~which~~ is an estimate of how much the tractor or implement could be sold for at the end of its expected productive life~~.''' For example, 15 years~~.		'''3. Enter an estimate of the salvage value of the tractor or implement.''' For example, 15 years.

			- This is an estimate of how much the tractor or implement could be sold for at the end of its expected productive life.

Admin: /* Calculator Table */

2023-06-27T22:49:05Z

Calculator Table

← Older revision		Revision as of 22:49, 27 June 2023
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	====Calculator Table====		====Calculator Table====
	~~1. Click on the edit button for the tractor or implement to calculate a contract rate for.~~

	2. ~~Enter~~ the ~~price paid~~ for the tractor or implement.		'''1. Click on the edit button for the tractor or implement to calculate a contract rate for.'''

	~~3. Enter an estimate of the salvage value of the tractor or implement, which is an estimate of how much the tractor or implement could be sold for at the end of its expected productive life.~~
	~~<blockquote>For example, 15 years.</blockquote>~~

	4. Click on the submit button and a contracting rate ($/ha) will be shown in the table in the farthest right column. This is the Total FORM, interest, labour and depreciation + profit figure.		'''2. Enter the price paid for the tractor or implement.'''
	~~<blockquote>~~The life of the tractor and the implement is very important for the depreciation calculation. ~~</blockquote>~~

			'''3. Enter an estimate of the salvage value of the tractor or implement, which is an estimate of how much the tractor or implement could be sold for at the end of its expected productive life.''' For example, 15 years.


			'''4. Click on the submit button and a contracting rate ($/ha) will be shown in the table in the farthest right column.'''

			- This is the Total FORM, interest, labour and depreciation + profit figure.

			- The life of the tractor and the implement is very important for the depreciation calculation.

Admin: /* Calculation Parameters */

2023-06-27T22:47:51Z

Calculation Parameters

← Older revision		Revision as of 22:47, 27 June 2023
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	====Calculation Parameters====		====Calculation Parameters====

	1. Enter the average ‘Interest Rate’ paid on loans for new machinery (%), to factor in an opportunity cost.		'''1. Enter the average ‘Interest Rate’ paid on loans for new machinery (%), to factor in an opportunity cost.''' For example, 7 percent.
	~~<blockquote>~~For example, 7 percent. ~~</blockquote>~~

	~~2. Enter the ‘Contract Labour Rate’ in dollars per hour ($/hr).~~
	~~<blockquote>For example $35/hr.</blockquote>~~

	3. Enter ~~a suitable ‘Profit Margin' as a percentage~~ (%).		'''2. Enter the ‘Contract Labour Rate’ in dollars per hour ($/hr).''' For example $35/hr.
	~~<blockquote>~~For example~~, 10%~~.~~</blockquote>~~

	4. Click on the ‘Submit’ button.
			'''3. Enter a suitable ‘Profit Margin' as a percentage (%).''' For example, 10%.


			'''4. Click on the ‘Submit’ button.'''

Admin: /* What is this page? */

2023-06-27T22:46:53Z

What is this page?

← Older revision		Revision as of 22:46, 27 June 2023
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	===What is this page?===		===What is this page?===
	This page enables users to calculate a contractor rate by factoring in depreciation and interest expenses for their tractors and implements, contract labour and profit margin – in addition to the Fuel, Oil, Repairs and Maintenance costs transferred from the [[Machinery Setup]] page.		This page enables users to calculate a contractor rate by factoring in depreciation and interest expenses for their tractors and implements, contract labour and profit margin – in addition to the Fuel, Oil, Repairs and Maintenance (FORM) costs transferred from the [[Machinery Setup]] page.

	===Calculating Contract Rates===		===Calculating Contract Rates===

Admin at 00:21, 30 March 2023

2023-03-30T00:21:41Z

← Older revision		Revision as of 00:21, 30 March 2023
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			===What is this page?===
	This page enables users to calculate a contractor rate by factoring in depreciation and interest expenses for their tractors and implements, contract labour and profit margin – in addition to the Fuel, Oil, Repairs and Maintenance costs transferred from the [[Machinery Setup]] page.		This page enables users to calculate a contractor rate by factoring in depreciation and interest expenses for their tractors and implements, contract labour and profit margin – in addition to the Fuel, Oil, Repairs and Maintenance costs transferred from the [[Machinery Setup]] page.

			===Calculating Contract Rates===
	A contractor rate for each tractor and implement combination is calculated with the following steps:		A contractor rate for each tractor and implement combination is calculated with the following steps:
			====Calculation Parameters====
	====~~Contract Rate Caculation~~ Parameters====

	1. Enter the average ‘Interest Rate’ paid on loans for new machinery (%), to factor in an opportunity cost.		1. Enter the average ‘Interest Rate’ paid on loans for new machinery (%), to factor in an opportunity cost.
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	[[File:Contract Rate Calculation Parameters.png\|1000px\|frameless\|center\|link=]]		[[File:Contract Rate Calculation Parameters.png\|1000px\|frameless\|center\|link=]]

	====~~Contract Rate~~ Calculator Table====		====Calculator Table====
	1. Click on the edit button for the tractor or implement to calculate a contract rate for.		1. Click on the edit button for the tractor or implement to calculate a contract rate for.

Admin at 00:00, 7 February 2023

2023-02-07T00:00:33Z

← Older revision		Revision as of 00:00, 7 February 2023
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	[[File:Contract Rate Calculation Parameters.png\|1000px\|frameless\|center]]		[[File:Contract Rate Calculation Parameters.png\|1000px\|frameless\|center\|link=]]

	====Contract Rate Calculator Table====		====Contract Rate Calculator Table====
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	[[File:Contract rate calculator.png\|1000px\|frameless\|center]]		[[File:Contract rate calculator.png\|1000px\|frameless\|center\|link=]]


	[[File:Contract Rate Add.png\|1000px\|frame\|center]]		[[File:Contract Rate Add.png\|1000px\|frame\|center\|link=]]


	[[Irrigation Setup]] ⇐\|⇒ [[Depreciation]]		[[Irrigation Setup]] ⇐\|⇒ [[Depreciation]]