TABLE 6. Green chile, flood-irrigated, budgeted per acre costs and returns for a 640 acre farm with
above average management, Cotton City-Animas Area, Hidalgo County, 2001.
Planting dates: March 15 - May 1
Harvesting dates: August 15 - September 15
----------------------------------------------------------------------------------------------------------------------------
ITEM PRICE YIELD TOTAL
----------------------------------------------------------------------------------------------------------------------------
GROSS RETURNS
GREEN CHILE $280.00 12.00 TONS $3,360.00
RED CHILE $0.00 0.00 LBS $0.00
_______
TOTAL $3,360.00
----------------------------------------------------------------------------------------------------------------------------
PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ------------ ------ ------
SEED $21.00 4 LBS $84.00 $84.00
ANHYDROUS AMMONIA (NH3) $0.2000 300 LBS $60.00 $60.00
NITROGEN (N) $0.42 60 LBS $25.20 $25.20
PHOSPHATE (P2O5) $0.39 150 LBS $58.50 $58.50
HERBICIDE $12.57 1 ACRE $12.57 $12.57
INSECTICIDE $12.57 1 ACRE $12.57 $12.57
CROP INSURANCE $0.00 1 DOLLARS $0.00 $0.00
PUMP WATER* 54 AC. IN.
_______ _______
SUBTOTAL $252.83 $252.83
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ------------ ---------- ----- ----- ------- ----- ------
DISC 185 HP 0.14 HR $1.06 $2.03 $0.81 $3.95 $7.85
PLOW 185 HP 0.48 HR $3.62 $6.97 $3.44 $25.88 $39.91
DISC 185 HP 0.14 HR $1.06 $2.03 $0.81 $3.95 $7.85
LASER (CUSTOM) $73.33 $73.33
LISTER & SPRAY 185 HP 0.13 HR $0.98 $1.89 $1.02 $4.09 $7.98
FERTILIZE 185 HP 0.05 HR $0.38 $0.73 $0.20 $1.22 $2.52
PRE-IRRIGATE 0.75 HR $5.66 $42.00 $0.07 $0.60 $48.33
ROLLING CULT 96 HP 0.13 HR $0.98 $0.95 $0.43 $3.65 $6.01
VEGETABLE PLANTER 96 HP 0.17 HR $1.28 $1.24 $0.55 $8.08 $11.15
CULTIVATOR (5X) 96 HP 0.65 HR $4.91 $4.73 $1.37 $3.39 $14.39
THIN & HOE (CUSTOM) $90.00 $90.00
ROTO BUCK (7X) 96 HP 0.21 HR $1.59 $1.53 $0.49 $1.10 $4.71
IRRIGATE (8X) 4.00 HR $30.20 $74.67 $3.28 $3.18 $111.33
__________ ______ ______ ______ ______ ______ _______
SUBTOTAL 6.85 HR $163.33 $51.72 $138.77 $12.46 $59.09 $425.36
HARVEST OPERATIONS
------- ----------
HARVEST GREEN (CUSTOM) $1,080.00 $1,080.00
HARVEST RED (CUSTOM) $0.00 $0.00
HAUL 3/4 TON 6.00 HR $45.30 $51.03 $13.26 $11.44 $121.03
__________ _______ ______ ______ ______ ______ ______
SUBTOTAL 6.00 HR $1,080.00 $45.30 $51.03 $13.26 $11.44 $1,201.03
POST HARVEST OPERATIONS
---- ------- ----------
SHREDDER 80 HP 0.29 HR $2.19 $2.11 $1.16 $2.18 $7.64
__________ _______ ______ ______ ______ ______ ______
SUBTOTAL 0.29 HR 0.00 $2.19 $2.11 $1.16 $2.18 $7.64
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.60 HR $3.45 $3.45
EMPLOYEE BENEFITS $17.86 $17.86
INSURANCE $1.98 $1.98
LAND TAXES $2.96 $2.96
SUPERVISION AND MANAGEMENT $104.45 $104.45
OTHER EXPENSES $49.73 $49.73
__________ ______ ______ _______ _______
SUBTOTAL 0.60 HR 51.71 125.75 2.96 $180.43
---------- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 13.74 HR $1,547.87 $224.96 $191.91 $26.88 $75.67 $2,067.29
NET OPERATING PROFIT $1,292.71
INTEREST ON OPERATING CAPITAL ( $259.58 @ 9.00%) $23.36
INTEREST ON EQUIPMENT INVESTMENT $56.79
RETURN TO LAND AND RISK $1,212.56
============================================================================================================================
* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $3,360.00 VARIABLE OPERATING EXPENSES $1,766.66 RETURN OVER VARIABLE EXPENSES $1,593.34 (GROSS MARGIN) FIXED EXPENSES $75.67 NET FARM INCOME $1,517.67 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $224.96 NET OPERATING PROFIT $1,292.71 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $80.15 RETURN TO LAND AND RISK $1,212.56 =========================================================================================================