TABLE 1. Basic cost information for the Virden area, Hidalgo
County, 2001.
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Item
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Labor Wage Rate:
Equipment operators $/hour $7.55
General & Irrigators $/hour $6.45
Purchased Inputs:
Fertilizer:
Nitrogen (N) $/pound $0.42
Phosphate (P205) $/pound $0.39
Anhydrous Ammonia (NH3) $/ton $400.00
Seed:
Alfalfa $/pound $2.95
Upland Cotton (picker) $/pound $0.56
Corn for Silage $/bag $78.50
Grain Sorghum $/pound $1.04
Canal Water $/acre $20.00
Wire: $/lb. $0.36
Energy:
Diesel fuel $/gallon $1.40
Gasoline $/gallon $1.35
Electricity cents/KwHr 8.70
LP Gas $/gallon $1.03
Employee Liability Insurance $/$1000 wages $20.00
Employee Benefits percent/wages 18.00%
Labor Downtime percent 25.00%
Financial Rates:
Operating Capital Interest Rate percent 9.00%
Land Interest Rate percent 7.50%
Equipment Interest Rate percent 9.00%
Real Interest Rate percent 4.00%
Land Taxes $348.00 /acre (full value) $2.96
Personal Property Tax Rate - NR $/$1,000 (Assessed $25.52
- R Value) $23.85
Supervision Factors
Field Crop-Irrigation $/labor hour $1.00
Field Crop-Equipment $/labor hour $0.50
Management Rate percent 7.00%
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TABLE 1a. Overhead cost information for Virden area, Hidalgo County,
2001.
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ITEM
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Electricity (Domestic & Shop) $155.00 per month $1,860
Telephone $80.00 per month $960
Accounting & Legal $1,020
Misc. Supplies & Hand Tools $1,465
Pickup and Auto
miles 15,000 @ $0.325 per mile $4,875
Insurance
- general liability (non-employee) $1,235
- fire/theft $950
Property Taxes
- non-planted land $0
- other than land & machinery $435
Building repairs and maintenance $835
Dues, fees, publications $300
Farmstead Equipment $155
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Total $14,090
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Total per planted acre $74.16
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