TABLE 10. Whole farm budget summary, Eastern Slope, 2001.
------------------------------------------------------------------------
GROSS RETURNS
ALFALFA HAY 40.0 ACRES
CROP $19,200
GRAZING $400
GRASS HAY 160.0 ACRES
CROP $35,200
GRAZING $1,600
SUDAN HAY (AOH) 0.0 ACRES
CROP $0
GRAZING $0
0.0 ACRES
$0
$0
LIVESTOCK $44,632
GROSS RETURN $101,032
CASH OPERATING EXPENSES
FORAGE $3,076
LIVESTOCK FEED $21,888
SEED $801
FERTILIZER $6,181
CHEMICALS $0
CROP INSURANCE $0
OTHER PURCHASED INPUTS $494
CANAL WATER $1,000
FUEL, OIL & LUBRICANTS-EQUIPMENT $221
FUEL-IRRIGATION $0
REPAIRS $24
CUSTOM CHARGES $8,751
LAND TAXES $486
OTHER EXPENSES $3,971
_________
TOTAL CASH EXPENSES $46,892
RETURN OVER CASH EXPENSES $54,140
FIXED EXPENSES $3,426
TOTAL EXPENSES $50,318
NET FARM INCOME $50,714
LABOR AND MANAGEMENT COSTS $8,308
NET OPERATING PROFIT $42,407
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $700
INTEREST ON EQUIPMENT INVESTMENT $729
_________
TOTAL CAPITAL COSTS $1,429
RETURN TO LAND AND RISK $40,978
=========
========================================================================
------------------------------------------------------
RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
------------------------------------------------------
$1,000 /ACRE $32,978 20.44%
$2,000 /ACRE $24,978 10.41%
$3,000 /ACRE $16,978 6.98%
$4,000 /ACRE $8,978 5.25%
$5,000 /ACRE $978 4.21%
$6,000 /ACRE ($7,022) 3.51%
$7,000 /ACRE ($15,022) 3.01%
------------------------------------------------------
* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L