TABLE 10. Whole farm summary, Virden area, Hidalgo County, 2001.
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GROSS RETURNS
ALFALFA HAY 45 ACRES
CROP $32,175
GRAZING $675
CORN SILAGE 43 ACRES
CROP $17,200
UPLAND COTTON 68 ACRES
LINT $28,152
SEED $3,182
ASCS DEFICIENCY $1,680
ASCS DIVERSION $1,632
GRAIN SORGHUM 34 ACRES
CROP $6,120
ASCS DEFICIENCY $1,122
ASCS DIVERSION $0
GRAZING $340
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GROSS RETURN $91,938
CASH OPERATING EXPENSES
SEED $3,302
FERTILIZER $10,041
CHEMICALS $1,735
CROP INSURANCE $100
OTHER PURCHASED INPUTS $902
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $7,232
FUEL-IRRIGATION $2,819
REPAIRS $3,469
CUSTOM CHARGES $7,536
LAND TAXES $562
OTHER EXPENSES $14,316
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TOTAL CASH EXPENSES $52,014
RETURN OVER CASH EXPENSES $39,925
FIXED EXPENSES $17,553
TOTAL EXPENSES $69,567
NET FARM INCOME $22,372
LABOR AND MANAGEMENT COSTS $22,429
NET OPERATING PROFIT ($58)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $920
INTEREST ON EQUIPMENT INVESTMENT $8,272
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TOTAL CAPITAL COSTS $9,192
RETURN TO LAND AND RISK ($9,250)
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$700 /ACRE ($14,850) -0.03%
$900 /ACRE ($16,450) -0.02%
$1,100 /ACRE ($18,050) -0.02%
$1,300 /ACRE ($19,650) -0.02%
$1,500 /ACRE ($21,250) -0.01%
$1,700 /ACRE ($22,850) -0.01%
$1,900 /ACRE ($24,450) -0.01%
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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