TABLE 8. Grain sorghum (short season), flood-irrigated, budgeted per acre costs and returns for a farm with
above average management, Dona Ana and Sierra Counties, 2001.
Planting Dates: July 1 - July 15
Harvest Dates: September 1 - October 30
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ITEM PRICE QUANTITY TOTAL
_____________________________________________________________________________________________________________________
GROSS RETURNS
GRAIN SORGHUM $3.00 40.00 CWT $120.00
ASCS DEFICIENCY $0.55 40.00 CWT $22.00
ASCS DIVERSION $0.00 0.00 CWT $0.00
_______
TOTAL $142.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ----------- ------ ------
SEED $1.04 10 LBS $10.40 $10.40
HERBICIDE $21.19 1 X/ACRE $21.19 $21.19
INSECTICIDE $31.81 1 X/ACRE $31.81 $31.81
PUMP WATER* 0 AC. IN.
CANAL WATER 24 AC. IN. $45.00 $45.00
CROP INSURANCE $2.94 $2.94 $2.94
SUBTOTAL $111.34 $111.34
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
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
PLANTER 140 HP 0.26 HR $1.55 $2.76 $2.92 $7.43 $14.65
ROTO BUCK (3X) 40 HP 0.05 HR $0.27 $0.18 $0.03 $0.28 $0.76
ROLLING CULT (2X) 40 HP 0.42 HR $2.50 $1.70 $0.21 $0.43 $4.84
IRRIGATE (4X) 2.00 HR $11.90 $0.00 $0.00 $0.00 $11.90
_________ ______ ______ ______ ______ ______
SUBTOTAL 3.42 HR $20.32 $11.95 $7.54 $19.69 $59.50
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $9.60 $9.60
HAUL (CUSTOM) $7.20 $7.20
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.00 HR $16.80 $0.00 $0.00 $0.00 $0.00 $16.80
POSTHARVEST OPERATIONS
----------- ----------
SHREDDER 40 HP 0.29 HR $1.73 $1.17 $0.44 $0.87 $4.20
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.43 HR $2.54 $2.54
EMPLOYEE BENEFITS $3.97 $3.97
INSURANCE $0.44 $0.44
LAND TAXES $9.38 $9.38
SUPERVISION AND MANAGEMENT $14.81 $14.81
OTHER EXPENSES $66.11 $66.11
_________ ______ ______ ______ ______
SUBTOTAL 0.43 HR $66.55 $21.32 $9.38 $97.25
_________ ______ ______ ______ ______ ______ _______
TOTAL OPERATING EXPENSES 4.13 HR $194.69 $43.36 $13.12 $7.99 $29.93 $289.09
NET OPERATING PROFIT ($147.09)
INTEREST ON OPERATING CAPITAL ( $62.35 @ 9.00%) $5.61
INTEREST ON EQUIPMENT INVESTMENT $11.15
RETURN TO LAND AND RISK ($163.86)
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*Pump water costs are shown under irrigation in the preharvest operation section.
BUDGET SUMMARY
GROSS RETURN $142.00 VARIABLE OPERATING EXPENSES $215.80 RETURN OVER VARIABLE EXPENSES ($73.80) (GROSS MARGIN) FIXED EXPENSES $29.93 NET FARM INCOME ($103.73) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $43.36 NET OPERATING PROFIT ($147.09) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $16.76 RETURN TO LAND AND RISK ($163.86) ===================================================================================================