TABLE 7. Grass hay pasture, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above
with above average management, Eastern Slope, 2001.
Harvest dates: May 1 - November 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRASS HAY $10.00 2 TONS $20.00
PASTURE $10.00 1.00 AUMS $10.00
TOTAL $30.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
PHOSPHATE $0.39 34 $13.26 $13.26
NITROGEN $0.42 70 LBS $29.40 $29.40
ESTABLISHMENT: Principal 20 YEARS $14.57 $14.57
: Interest $11.92 $11.92
CANAL WATER 36 AC. IN. $5.00 $5.00
______ ______ _______
SUBTOTAL $42.66 $31.49 $74.15
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
FERTILIZE 40HP 0.05 $0.26 $0.20 $0.02 $0.11 $0.59
IRRIGATE (3X) 5.00 HR $25.75 $25.75
CLEAN DITCHES CUSTOM _________ $5.00 ______ ______ ______ ______ $5.00
SUBTOTAL 5.00 HR $5.00 $26.01 $0.20 $0.02 $0.11 $31.34
HARVEST OPERATIONS
MOWER CUSTOM $30.00 $30.00
BALER CUSTOM 4.15 $4.15
RAKE CUSTOM $104.00 $104.00
LOAD AND STACK CUSTOM $78.40 $78.40
OVERHEAD EXPENSES $216.55 $216.55
-------- --------
DOWNTIME $0.00 $0.00
EMPLOYEE BENEFITS $3.12 $3.12
INSURANCE $0.52 $0.52
LAND TAXES $2.43 $2.43
SUPERVISION AND MANAGEMENT $4.60 $4.60
OTHER EXPENSES $19.35 $19.35
______ ______ ______ ______
SUBTOTAL $19.87 $7.72 $2.43 $30.02
--------- ------ ------ ------ ------ ------- -------
TOTAL OPERATING EXPENSES 5.00 HR $284.08 $33.73 $0.20 $0.02 $34.03 $419.59
NET OPERATING PROFIT ($389.59)
INTEREST ON OPERATING CAPITAL ( $74.15 @ 9.00%) $3.92
INTEREST ON EQUIPMENT INVESTMENT $3.92
RETURN TO LAND AND RISK ($397.42)
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BUDGET SUMMARY
GROSS RETURN $30.00 VARIABLE OPERATING EXPENSES $284.30 RETURN OVER VARIABLE EXPENSES ($254.30) (GROSS MARGIN) FIXED EXPENSES $34.03 NET FARM INCOME ($288.33) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $33.73 NET OPERATING PROFIT ($322.06) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $7.83 RETURN TO LAND AND RISK ($329.89) ===================================================================================================