TABLE 10. Summary of per acre costs and returns, 60 acre part-time farm with abov
average management, Grant and Catron Counties, 2001.
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PERMANENT
ALFALFA ALFALFA PASTUREPERMANENT
ESTABLISHMENT HAY EST. PASTURE
------------------FLOOD---------------------
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TONS AUMS
PRIMARY YIELD 5.00 12.00
PRIMARY PRICE 118.00 12.00
GOVERMENT PAYMENTS 0.00 0.00
SECOND INCOME 10.00 0.00
GROSS RETURN $600.00 $144.00
CASH OPERATING EXPENSES
SEED $88.50 $57.00
FERTILIZER
CHEMICALS
CROP INSURANCE
OTHER PURCHASED INPUTS $15.43
CANAL WATER $10.00 $10.00
FUEL, OIL & LUBRICANTS-EQUIPMENT $18.38 $24.46 $18.38 $2.30
FUEL-IRRIGATION
REPAIRS $2.48 $6.46 $2.48 $0.34
CUSTOM CHARGES
LAND TAXES $2.31 $2.31
OTHER EXPENSES $0.73 $172.42 $0.73 $171.85
________ ________ ________ ________
TOTAL CASH EXPENSES $110.09 $231.08 $78.59 $186.80
RETURN OVER CASH EXPENSES ($110.09) $368.92 ($78.59) ($42.80)
FIXED EXPENSES $92.21 $177.50 $92.21 $38.74
TOTAL EXPENSES $202.31 $408.58 $170.81 $225.54
NET FARM INCOME ($202.31) $191.42 ($170.81) ($81.54)
LABOR AND MANAGEMENT COSTS $68.46 $127.61 $66.25 $53.41
NET OPERATING PROFIT ($270.76) $63.81 ($237.06)($134.95)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1.38 $0.51
INTEREST ON EQUIPMENT INVESTMENT $69.71 $13.07
________ ________ ________ ________
TOTAL CAPITAL COSTS $0.00 $71.09 $0.00 $13.58
RETURN TO LAND AND RISK ($270.76) ($7.28)($237.06)($148.53)
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