TABLE 9. Spring lettuce, flood-irrigated, budgeted per acre costs and returns for a farm with above
average management, Dona Ana and Sierra Counties, 2001.
Planting Dates: January 1 - February 1
Harvest Dates: May 1 - May 31
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
SPRING LETTUCE 6.23 475.00 CARTONS $2,959.25
______
TOTAL $2,959.25
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ------- ----- ------ ------
SEED $85.00 4.00 LBS $340.00 $340.00
NITROGEN (N) $0.42 250 LBS $105.00 $105.00
PHOSPHATE (P205) $0.39 175 LBS $68.25 $68.25
INSECTICIDE $35.29 3 X/ACRE $105.88 $105.88
PUMP WATER* 16 AC. IN.
CANAL WATER 14 AC. IN. $45.00 $45.00
______ ______
SUBTOTAL $664.13 $664.13
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 140 HP 0.14 HR $0.83 $1.48 $0.70 $2.20 $5.22
LISTER 140 HP 0.18 HR $1.07 $1.91 $1.08 $3.13 $7.19
PRE-IRRIGATE 0.75 HR $4.46 $1.55 $0.05 $7.71 $13.77
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 0.21 HR $1.25 $0.85 $0.11 $0.21 $2.42
THIN & HOE (CUSTOM) $120.00 $120.00
DUSTER (CUSTOM) $5.00 $5.00
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 $12.43 $0.39 $61.67 $98.29
_______ ___ ______ ______ ______ ______ ______ ______
SUBTOTAL 7.58 HR $198.33 $45.10 $40.45 $14.72 $109.22 $407.82
HARVEST OPERATIONS
------- ----------
HARVEST (CUSTOM) $878.75 $878.75
CARTONS (CUSTOM) $403.75 $403.75
HAUL (CUSTOM) $142.50 $142.50
BROKERAGE (CUSTOM) $273.73 $273.73
_______ ___ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.00 HR $1,698.73 $0.00 $0.00 $0.00 $0.00 $1,698.73
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.71 HR $4.21 $4.21
EMPLOYEE BENEFITS $8.12 $8.12
INSURANCE $0.90 $0.90
LAND TAXES $9.38 $9.38
SUPERVISION AND MANAGEMENT $132.67 $132.67
OTHER EXPENSES $66.11 $66.11
_______ ___ ______ ______ ______ ______
SUBTOTAL 0.71 HR $67.01 $145.00 $9.38 $221.39
------- --- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 8.29 HR $2,628.21 $190.10 $40.45 $14.72 $118.60 $2,992.08
NET OPERATING PROFIT ($32.83)
INTEREST ON OPERATING CAPITAL ( $537 @ 9.00%) $48.33
INTEREST ON EQUIPMENT INVESTMENT $42.01
RETURN TO LAND AND RISK ($123.17)
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*Pump water costs are shown under irrigation in the preharvest operation section.
BUDGET SUMMARY
GROSS RETURN $2,959.25 VARIABLE OPERATING EXPENSES $2,683.38 RETURN OVER VARIABLE EXPENSES $275.87 (GROSS MARGIN) FIXED EXPENSES $118.60 NET FARM INCOME $157.27 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $190.10 NET OPERATING PROFIT ($32.83) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $90.34 RETURN TO LAND AND RISK ($123.17) ===============================================================================================================