TABLE 9. Whole farm summary, Cotton City-Animas Area, Hidalgo County,
2001.
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GROSS RETURNS
GRAIN SORGHUM 136 ACRES
CROP $24,480
ASCS DEFICIENCY $4,488
ASCS DIVERSION $0
UPLAND COTTON 204 ACRES
LINT $84,456
SEED $9,547
ASCS DEFICIENCY $5,141
ASCS DIVERSION $4,896
GREEN CHILE 20 ACRES
GREEN $67,200
RED $0
RED CHILE 20 ACRES
CROP $49,000
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GROSS RETURN $249,208
CASH OPERATING EXPENSES
SEED $7,348
FERTILIZER $16,288
CHEMICALS $5,625
CROP INSURANCE $2,210
OTHER PURCHASED INPUTS $0
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $12,923
FUEL-IRRIGATION $19,683
REPAIRS $16,936
CUSTOM CHARGES $61,662
LAND TAXES $1,125
OTHER EXPENSES $19,340
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TOTAL CASH EXPENSES $163,140
RETURN OVER CASH EXPENSES $86,068
FIXED EXPENSES $24,013
TOTAL EXPENSES $187,153
NET FARM INCOME $62,055
LABOR AND MANAGEMENT COSTS $43,769
NET OPERATING PROFIT $18,286
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $2,562
INTEREST ON EQUIPMENT INVESTMENT $13,328
_________
TOTAL CAPITAL COSTS $15,889
RETURN TO LAND AND RISK $2,396
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$500 /ACRE ($5,604) 4.84%
$700 /ACRE ($8,804) 3.99%
$900 /ACRE ($12,004) 3.40%
$1,100 /ACRE ($15,204) 2.96%
$1,300 /ACRE ($18,404) 2.62%
$1,500 /ACRE ($21,604) 2.35%
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* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L