TABLE 8. Grain sorghum, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above
average management, Virden area, Hidalgo County, 2001.
Planting dates: May 1 - June 15
Harvesting dates: October 15 - November 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 60 CWT $180.00
ASCS DEFICIENCY $0.55 60 CWT $33.00
ASCS DIVERSION $0.00 0 CWT $0.00
GRAZING $10.00 1 ACRE $10.00
_______
TOTAL $223.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- -------- ----- -----
SEED $1.04 8 LBS $8.32 $8.32
ANHYDROUS AMMONIA (NH3) $0.2000 200 LBS $40.00 $40.00
NITROGEN (N) $0.42 32 LBS $13.44 $13.44
PHOSPHATE (P205) $0.39 40 LBS $15.60 $15.60
HERBICIDE $13.42 1 ACRE $13.42 $13.42
INSECTICIDE $10.77 1 ACRE $10.77 $10.77
CANAL WATER 28 AC. IN. $20.00 $20.00
PUMP WATER* 12 AC. IN.
CROP INSURANCE $1.47 $1.47 _______ $1.47
SUBTOTAL $103.02 $20.00 $123.02
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
FERTILIZER 65 HP 0.15 HR $1.13 $0.98 $0.33 $4.15 $6.60
DISC 145 HP 0.20 HR $1.51 $2.53 $0.85 $3.18 $8.07
CHISEL 145 HP 0.40 HR $3.02 $5.06 $1.50 $7.10 $16.68
DISC 145 HP 0.20 HR $1.51 $2.53 $0.85 $3.18 $8.07
FLOAT 145 HP 0.25 HR $1.89 $3.16 $0.73 $2.84 $8.62
SPRAYER 65 HP 0.20 HR $1.51 $1.31 $0.60 $1.80 $5.22
LISTER 65 HP 0.50 HR $3.78 $3.28 $1.06 $3.08 $11.20
PRE-IRRIGATE 0.75 HR $4.84 $2.08 $0.05 $0.96 $7.93
MULCHER 145 HP 0.20 HR $1.51 $2.53 $1.12 $5.92 $11.08
PLANTER 145 HP 0.25 HR $1.89 $3.16 $2.07 $7.27 $14.38
SPRAYER 65 HP 0.20 HR $1.51 $1.31 $0.60 $1.80 $5.22
CULTIVATOR (2X) 65 HP 0.60 HR $4.53 $3.94 $1.13 $1.82 $11.43
ROTOBUCK (3X) 145 HP 0.25 HR $1.89 $3.16 $0.73 $4.98 $10.76
IRRIGATE (5X) 2.50 HR $16.13 $10.40 $0.27 $4.80 $31.60
_________ _______ _______ _______ _______ _______
SUBTOTAL 6.65 HR $46.63 $45.43 $11.90 $52.89 $156.85
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $25.20 $25.20
HAUL (CUSTOM) $11.40 $11.40
_________ _______ _______
SUBTOTAL 0.00 HR 36.60 36.60
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.61 HR $4.62 $4.62
EMPLOYEE BENEFITS $8.39 $8.39
INSURANCE $0.93 $0.93
LAND TAXES $2.96 $2.96
SUPERVISION AND MANAGEMENT $17.64 $17.64
OTHER EXPENSES $74.16 $74.16
_________ _______ _______ _______ _______
SUBTOTAL 0.61 HR $75.09 $30.65 $2.96 $108.70
--------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 7.26 HR $214.71 $77.29 $45.43 $11.90 $75.85 $425.18
NET OPERATING PROFIT ($202.18)
INTEREST ON OPERATING CAPITAL ( 68.89 @ 9.00%) $6.20
INTEREST ON EQUIPMENT INVESTMENT $34.93
RETURN TO LAND AND RISK ($243.31)
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* Pump water costs are shown under irrigation in the preharvest operation section.
BUDGET SUMMARY
GROSS RETURN $223.00 VARIABLE OPERATING EXPENSES $272.04 RETURN OVER VARIABLE EXPENSES ($49.04) (GROSS MARGIN) FIXED EXPENSES $75.85 NET FARM INCOME ($124.89) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $77.29 NET OPERATING PROFIT ($202.18) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $41.13 RETURN TO LAND AND RISK ($243.31) ===================================================================================================