TABLE 16. Red chile, flood-irrigated, budgeted per acre costs and returns for a farm with above average
management, Dona Ana and Sierra Counties, 2001.
Planting Dates: March 15 - April 10
Harvest Dates: August 15 - November 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
RED $0.70 3500.00 LBS $2,450.00
_________
TOTAL $2,450.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ------- ----- ------- ------
SEED $21.00 8 LBS $168.00 $168.00
NITROGEN (N) $0.42 250 LBS $105.00 $105.00
PHOSPHATE (P205) $0.39 60 LBS $23.40 $23.40
HERBICIDE $70.63 1 X/ACRE $70.63 $70.63
INSECTICIDE $43.99 1 X/ACRE $43.99 $43.99
NEMATICIDE (CUSTOM) $43.41 1 X/ACRE $43.41 $43.41
CROP INSURANCE 600 DOLLARS $40.00 $40.00
PUMP WATER* 0 AC. IN.
CANAL WATER 60 AC. IN. $93.00 $93.00
_______ _______
SUBTOTAL $587.43 $587.43
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) $73.33 $73.33
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
ROLLING CULT (2X) 40 HP 0.42 HR $2.50 $1.70 $0.21 $0.43 $4.84
CULTIVATOR (3X) 40 HP 0.63 HR $3.75 $2.54 $0.32 $0.64 $7.26
CULT & SIDEDRESS (2X) 140 HP 0.66 HR $3.93 $7.00 $3.94 $10.54 $25.41
THINNING (CUSTOM) $70.00 $70.00
HOEING (CUSTOM) $80.00 $80.00
ROTO BUCK (7X) 40 HP 0.11 HR $0.62 $0.42 $0.07 $0.65 $1.78
IRRIGATE (11X) 5.50 HR $32.73 $0.00 $0.00 $0.00 $32.73
_______ ___ _______ _______ ______ ______ ______ _______
SUBTOTAL 9.94 HR $223.33 $59.11 $30.11 $15.44 $41.49 $369.49
HARVEST OPERATIONS
------- -----------
HARVEST (CUSTOM) $700.00 $700.00
HAUL (TRAILER) (3X) 40 HP 0.80 HR $4.76 $3.23 $0.58 $1.91 $10.48
FORK LIFT (3X) RENTAL 0.30 HR $10.00 $1.79 $11.79
HAUL (CUSTOM) $105.00 $105.00
_______ ___ _______ _______ ______ ______ _______ _______
SUBTOTAL 1.10 HR $815.00 $6.55 $3.23 $0.58 $1.91 $827.26
POSTHARVEST OPERATIONS
----------- ----------
SHREDDER 40 HP 0.29 HR $1.73 $1.17 $0.44 $0.87 $4.20
OVERHEAD EXPENSES
-------- --------
DOWNTIME 1.27 HR $7.55 $7.55
EMPLOYEE BENEFITS $12.13 $12.13
INSURANCE $1.35 $1.35
LAND TAXES $9.38 $9.38
SUPERVISION AND MANAGEMENT $130.19 $130.19
OTHER EXPENSES $66.11 $66.11
_______ ___ ______ _______ _______ _______
SUBTOTAL 1.27 HR $67.46 $149.87 $9.38 $226.71
-------- --- --------- ------- ------- ------- ------- ---------
TOTAL OPERATING EXPENSES 12.59 HR $1,693.22 $217.25 $34.51 $16.46 $53.64 $2,015.09
NET OPERATING PROFIT $434.91
INTEREST ON OPERATING CAPITAL ( $429.30 @ 9.00%) $38.64
INTEREST ON EQUIPMENT INVESTMENT $23.22
RETURN TO LAND AND RISK $373.06
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*Pump water costs are shown under irrigation in the preharvest operation section.
BUDGET SUMMARY
GROSS RETURN $2,450.00 VARIABLE OPERATING EXPENSES $1,744.19 RETURN OVER VARIABLE EXPENSES $705.81 (GROSS MARGIN) FIXED EXPENSES $53.64 NET FARM INCOME $652.16 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $217.25 NET OPERATING PROFIT $434.91 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $61.86 RETURN TO LAND AND RISK $373.06 =========================================================================================================================