TABLE 10. Fall lettuce, flood-irrigated, budgeted per acre costs and returns for a farm with above average
management, Dona Ana and Sierra Counties, 2001.
Planting Dates: August 1 - August 15
Harvest Dates: October 15 - November 10
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
FALL LETTUCE $6.96 500.00 CARTONS $3,480.00
_______
TOTAL $3,480.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ------- ----- ------ ------
SEED $59.00 4.00 LBS $236.00 $236.00
NITROGEN (N) $0.42 250 LBS $105.00 $105.00
PHOSPHATE (P205) $0.39 150 LBS $58.50 $58.50
HERBICIDE $17.68 1 X/ACRE $17.68 $17.68
INSECTICIDE $220.87 1 X/ACRE $220.87 $220.87
PUMP WATER* 0 AC. IN.
CANAL WATER 40 AC. IN. $46.67 $46.67
______ ______
SUBTOTAL $684.71 $684.71
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ------- --- --------------- ------------------ ---------- ----- ----- ------- ----- ------
DISC 140 HP 0.14 HR $0.83 $1.48 $0.70 $2.20 $5.22
CHISEL 140 HP 0.20 HR $1.19 $2.12 $1.15 $3.15 $7.61
PLOW 140 HP 0.38 HR $2.26 $4.03 $2.76 $6.75 $15.81
DISC (2X) 140 HP 0.28 HR $1.67 $2.97 $1.41 $4.40 $10.44
LASER PLANE (CUSTOM) $72.50 $72.50
FERTILIZE 140 HP 0.05 HR $0.30 $0.53 $0.25 $0.68 $1.76
DISC & SPRAY 140 HP 0.17 HR $1.01 $1.80 $1.44 $3.08 $7.34
LISTER 140 HP 0.18 HR $1.07 $1.91 $1.08 $3.13 $7.19
PRE-IRRIGATE 0.75 HR $4.46 $0.00 $0.00 $0.00 $4.46
ROLLING CULT 40 HP 0.21 HR $1.25 $0.85 $0.11 $0.21 $2.42
VEG-PLANT SHAPER 140 HP 0.26 HR $1.55 $2.76 $1.98 $5.62 $11.90
CULT & SIDEDRESS (2X) 140 HP 0.66 HR $3.93 $7.00 $3.94 $10.54 $25.41
ROLLING CULT (3X) 40 HP 0.63 HR $3.75 $2.54 $0.32 $0.64 $7.26
THIN & HOE (CUSTOM) $160.00 $160.00
DUSTER (CUSTOM) $15.00 $15.00
ROTO BUCK (8X) 40 HP 0.12 HR $0.71 $0.48 $0.08 $0.75 $2.03
IRRIGATE (8X) 4.00 HR $23.80 $0.00 $0.00 $0.00 $23.80
______ ___ _______ ______ ______ ______ ______ ______
SUBTOTAL 8.03 HR $247.50 $47.78 $28.48 $15.24 $41.15 $380.15
HARVEST OPERATIONS
------- -----------
HARVEST (CUSTOM) $925.00 $925.00
CARTONS (CUSTOM) $425.00 $425.00
HAUL (CUSTOM) $150.00 $150.00
BROKERAGE (CUSTOM) $321.90 $321.90
_______ _______
SUBTOTAL $1,821.90 $1,821.90
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.82 HR $4.88 $4.88
EMPLOYEE BENEFITS $8.60 $8.60
INSURANCE $0.96 $0.96
LAND TAXES $9.38 $9.38
SUPERVISION AND MANAGEMENT $64.06 $64.06
OTHER EXPENSES $66.11 $66.11
______ ___ ______ ______ ______ ______
SUBTOTAL 0.82 HR $67.07 $77.54 $9.38 $153.99
------ --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 8.85 HR $2,821.18 $125.32 $28.48 $15.24 $50.53 $3,040.75
NET OPERATING PROFIT $439.25
INTEREST ON OPERATING CAPITAL ( $567 @ 9.00%) $51.03
INTEREST ON EQUIPMENT INVESTMENT $21.16
RETURN TO LAND AND RISK $367.07
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*Pump water costs are shown under irrigation in the preharvest operation section.
BUDGET SUMMARY
GROSS RETURN $3,480.00 VARIABLE OPERATING EXPENSES $2,864.90 RETURN OVER VARIABLE EXPENSES $615.10 (GROSS MARGIN) FIXED EXPENSES $50.53 NET FARM INCOME $564.57 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $125.32 NET OPERATING PROFIT $439.25 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $72.18 RETURN TO LAND AND RISK $367.07 =================================================================================================================