Farm Record of Production
ISSUED BY IRUGBIN · REF IR-NG-2025-04417 · PAGE 1 OF 2
SECTION A · SEASON SUMMARY
| FIGURE | VALUE | HOW IT IS DERIVED |
|---|---|---|
| Total cost of production | ₦117,100 | Sum of every logged cost line |
| Total sales | ₦261,000 | Sum of every logged sale |
| Net profit | ₦143,900 | Sales less cost of production |
| Yield | 14 bags · 1,400 kg | 100 kg to the bag |
| Yield per hectare | 1,750 kg/ha | Across 0.8 ha |
| Cost per hectare | ₦146,375 | Cost ÷ hectares |
| Cost per kilogramme | ₦84 | Cost ÷ kilogrammes harvested |
| Break-even price | ₦8,364 / bag | Below this, the season loses money |
| Margin per kilogramme | ₦103 | Profit ÷ kilogrammes harvested |
| Return on cost | 123% | Profit ÷ cost of production |
SECTION B · WHERE THE MONEY WENT
- Fertilizer₦40,00034%
- Urea₦21,00018%
- Land preparation₦18,00015%
- Labour₦16,00014%
- Seed₦12,50011%
- Herbicide₦9,6008%
SECTION C · NOTES ON THE SEASON
Your fertilizer cost is high for this yield.
Fertilizer was 52% of your spend but you got 1,750 kg per hectare — about 30% under the average for maize around you. Same bags, wrong timing, is the usual cause. Split the urea next season: half at planting, half three weeks after.
Every ₦100 you put in came back as ₦223.
You spent ₦117,100 and sold ₦261,000. That is a real margin, written down, for one season. Two more like it and it is a lending history.
Below ₦8,364 a bag, you lose money.
That is your break-even: ₦117,100 of cost across 14 bags. Keep it in your head at the market. Anyone offering less is buying your season for nothing.
NOTES ARE RULE-BASED AND DETERMINISTIC. THEY ARE INFORMATION, NOT FINANCIAL OR AGRONOMIC ADVICE.
SECTION D · FULL LEDGER · PAGE 2 OF 2
| DATE | ENTRY | AS IT WAS SAID | DR | CR | BALANCE |
|---|---|---|---|---|---|
| 12 MAR | Fertilizer · 2 bag | “bought 2 bags fertilizer 40k” | ₦40,000 | − ₦40,000 | |
| 15 MAR | Seed · 10 kg | “bought 10kg maize seed for 12,500” | ₦12,500 | − ₦52,500 | |
| 02 APR | Land preparation · 0.8 ha | “paid tractor ploughing 18k” | ₦18,000 | − ₦70,500 | |
| 28 APR | Herbicide · 2 L | “bought 2 litres herbicide 9600” | ₦9,600 | − ₦80,100 | |
| 19 MAY | Labour · 4 day | “weeding labour 4 days 16k” | ₦16,000 | − ₦96,100 | |
| 10 JUN | Urea · 1 bag | “bought 1 bag urea 21k” | ₦21,000 | − ₦117,100 | |
| 25 AUG | Maize harvested · 14 bag | “harvested 14 bags maize” | − ₦117,100 | ||
| 03 SEP | Maize sold · 5 bag | “sold 5 bags maize 90k” | ₦90,000 | − ₦27,100 | |
| 21 SEP | Maize sold · 9 bag | “sold 9 bags maize 171k” | ₦171,000 | ₦143,900 | |
| Season closed | ₦117,100 | ₦261,000 | ₦143,900 | ||