TABLE 6. Corn silage, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above
average management, Virden area, Hidalgo County, 2001.
Planting dates: April 15 - May 31
Harvest dates: August 15 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
CORN SILAGE $16.00 25.00 TONS (STANDING) $400.00
_______
TOTAL $400.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- -------- ----- -----
SEED $0.98 30 000 $29.44 $29.44
ANHYDROUS AMMONIA (NH3) $0.2000 250 LBS $50.00 $50.00
NITROGEN (N) $0.42 32 LBS $13.44 $13.44
PHOSPHATE (P205) $0.39 40 LBS $15.60 $15.60
CANAL WATER 36 AC. IN. $20.00 $20.00
PUMP WATER* 14 AC. IN.
______ ______ _______
SUBTOTAL $108.48 $20.00 $128.48
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
FERTILIZE 65 HP 0.05 HR $0.38 $0.33 $0.11 $1.38 $2.20
DISC 145 HP 0.17 HR $1.28 $2.15 $0.72 $2.70 $6.86
CHISEL 145 HP 0.20 HR $1.51 $2.53 $0.75 $3.55 $8.34
DISC 145 HP 0.17 HR $1.28 $2.15 $0.72 $2.70 $6.86
FLOAT 65 HP 0.24 HR $1.81 $1.58 $0.27 $0.50 $4.16
LISTER 65 HP 0.18 HR $1.36 $1.18 $0.38 $1.11 $4.03
PRE-IRRIGATE 0.75 HR $4.84 $1.82 $0.05 $0.84 $7.55
MULCHER 145 HP 0.15 HR $1.13 $1.90 $0.84 $4.44 $8.31
PLANTER 145 HP 0.26 HR $1.96 $3.29 $2.15 $7.56 $14.96
CULTIVATOR (2X) 65 HP 0.42 HR $3.17 $2.76 $0.79 $1.28 $8.00
ROTOBUCK (3X) 145 HP 0.09 HR $0.68 $1.14 $0.26 $1.79 $3.87
IRRIGATE (7X) 3.50 HR $22.58 $12.74 $0.33 $5.88 $41.53
_________ _______ _______ _______ _______ _______
SUBTOTAL 6.18 HR $41.98 $33.55 $7.39 $33.74 $116.66
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.46 HR $3.47 $3.47
EMPLOYEE BENEFITS $7.56 $7.56
INSURANCE $0.84 $0.84
LAND TAXES $2.96 $2.96
SUPERVISION AND MANAGEMENT $33.17 $33.17
OTHER EXPENSES $74.16 $74.16
_________ _______ _______ _______ _______
SUBTOTAL 0.46 HR $75.00 $44.20 $2.96 $122.16
--------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 6.64 HR $183.48 $86.18 $33.55 $7.39 $56.70 $367.29
NET OPERATING PROFIT $32.71
INTEREST ON OPERATING CAPITAL ( 64.47 @ 9.00%) $5.80
INTEREST ON EQUIPMENT INVESTMENT $22.37
RETURN TO LAND AND RISK $4.53
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* Pump water costs are shown under irrigation in the preharvest operation section.
BUDGET SUMMARY
GROSS RETURN $400.00 VARIABLE OPERATING EXPENSES $224.41 RETURN OVER VARIABLE EXPENSES $175.59 (GROSS MARGIN) FIXED EXPENSES $56.70 NET FARM INCOME $118.89 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $86.18 NET OPERATING PROFIT $32.71 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $28.17 RETURN TO LAND AND RISK $4.53 ===================================================================================================