TABLE 6. Pima cotton, flood-irrigated, budgeted per acre costs and returns for a farm with above average
management, Dona Ana and Sierra Counties, 2001.
Planting Dates: April 15 - April 30
Harvest Dates: November 15 - November 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
LINT $0.823 750.00 LBS $617.25
SEED $0.05 1,200.00 LBS $58.50
ASCS DEFICIENCY $0.0000 750.00 LBS $0.00
---------
TOTAL $675.75
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ----------- ------ ------
SEED $0.39 25 LBS $9.75 $9.75
NITROGEN (N) $0.42 120 LBS $50.40 $50.40
PHOSPHATE (P2O5) $0.39 50 LBS $19.50 $19.50
HERBICIDE $31.81 1 X/ACRE $31.81 $31.81
CROP INSURANCE $2.94 $2.94 $2.94
PUMP WATER* 0 AC. IN.
CANAL WATER 33 AC. IN. $57.00 $57.00
______ ______
SUBTOTAL $171.40 $171.40
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- ------ ------------ --------- ----- ----- ------- ----- ------
DISC 140 HP 0.14 HR $0.83 $2.03 $1.38 $2.23 $6.48
CHISEL 140 HP 0.20 HR $1.19 $2.91 $2.12 $3.19 $9.41
PLOW 140 HP 0.38 HR $2.26 $5.52 $4.61 $6.84 $19.23
DISC 140 HP 0.14 HR $0.83 $2.03 $1.38 $2.23 $6.48
DISC & SPRAY 140 HP 0.15 HR $0.89 $2.18 $2.00 $2.75 $7.83
FERTILIZE 140 HP 0.05 HR $0.30 $0.53 $0.25 $0.68 $1.76
LISTER 140 HP 0.18 HR $1.07 $2.62 $1.96 $3.17 $8.81
PRE-IRRIGATE 0.75 HR $4.46 $0.00 $0.00 $0.00 $4.46
HARROW 40 HP 0.32 HR $1.90 $1.29 $0.18 $0.27 $3.65
ROLLING CULT 40 HP 0.21 HR $1.25 $0.85 $0.11 $0.21 $2.42
PLANTER 140 HP 0.26 HR $1.55 $2.76 $2.92 $7.43 $14.65
HARROW 40 HP 0.32 HR $1.90 $1.29 $0.18 $0.27 $3.65
ROLLING CULT (3X) 140 HP 0.63 HR $3.75 $6.68 $3.17 $8.98 $22.58
ROTO BUCK (2X) 40 HP 0.03 HR $0.18 $0.12 $0.02 $0.19 $0.51
ROPEWICK 40 HP 0.10 HR $0.60 $0.40 $0.05 $0.16 $1.21
IRRIGATE (4X) 2.00 HR $11.90 $0.00 $0.00 $0.00 $11.90
_________ ______ ______ ______ ______ _______
SUBTOTAL 5.86 HR $34.87 $31.22 $20.35 $38.60 $125.03
HARVEST OPERATIONS
------- ----------
COTTON PICKER (2X) 2-ROW 1.24 HR $7.38 $10.50 $0.00 $56.66 $74.54
COTTON TRAILER (2X) HALF TON 1.00 HR $5.95 $8.82 $0.17 $17.64 $32.58
GIN COTTON (CUSTOM) $99.38 $99.38
_________ ______ ______ ______ ______ ______ _______
SUBTOTAL 2.24 HR $99.38 $13.33 $19.32 $0.17 $74.30 $206.50
POSTHARVEST OPERATIONS
----------- ----------
SHREDDER 40 HP 0.29 HR $1.73 $1.17 $0.44 $0.87 $4.20
OVERHEAD EXPENSES
-------- --------
DOWNTIME 1.41 HR $8.39 $8.39
EMPLOYEE BENEFITS $6.28 $6.28
INSURANCE $1.00 $1.00
LAND TAXES $9.38 $9.38
SUPERVISION AND MANAGEMENT $52.87 $52.87
OTHER EXPENSES $66.11 $66.11
_________ ______ ______ ______ ______
SUBTOTAL 1.41 HR $67.11 $67.54 $9.38 $144.03
_________ _______ ______ ______ ______ ______ _______
TOTAL OPERATING EXPENSES 9.80 HR $337.88 $117.46 $51.71 $20.96 $123.14 $651.15
NET OPERATING PROFIT $24.60
INTEREST ON OPERATING CAPITAL ( $148.78 @ 9.00%) $13.39
INTEREST ON EQUIPMENT INVESTMENT $49.71
RETURN TO LAND AND RISK ($38.50)
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*Pump water costs are shown under irrigation in the preharvest operation section.
BUDGET SUMMARY
GROSS RETURN $675.75 VARIABLE OPERATING EXPENSES $410.55 RETURN OVER VARIABLE EXPENSES $265.20 (GROSS MARGIN) FIXED EXPENSES $123.14 NET FARM INCOME $142.06 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $117.46 NET OPERATING PROFIT $24.60 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $63.10 RETURN TO LAND AND RISK ($38.50) ===================================================================================================