TABLE 5. Summary of per acre costs and returns for a 1,600 acre
farm with above average management, Lea County, 2001.
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GRAIN
WHEAT SORGHUM
------DRYLAND-----
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BU CWT
PRIMARY YIELD 20.00 12.00
PRIMARY PRICE 3.00 3.00
GOVERNMENT PAYMENTS 9.20 6.60
SECOND INCOME 0.00 0.00
GROSS RETURN $69.20 $42.60
VARIABLE OPERATING EXPENSES
SEED $3.30 $3.12
FERTILIZER $14.52 $14.52
CHEMICALS $16.19 $17.64
CROP INSURANCE $0.05 $0.08
OTHER PURCHASED INPUTS
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $5.54 $8.56
FUEL-IRRIGATION
REPAIRS $8.04 $12.86
CUSTOM CHARGES $0.00 $0.00
LAND TAXES $0.23 $0.23
OTHER EXPENSES $14.83 $14.86
________ ________
TOTAL VARIABLE EXPENSES $62.72 $71.87
RETURN OVER VARIABLE EXPENSES $6.48 ($29.27)
FIXED EXPENSES $12.02 $17.95
TOTAL EXPENSES $74.74 $89.82
RETURNS TO CAPITAL, LABOR, LAND & RISK ($5.54) ($47.22)
LABOR AND MANAGEMENT COSTS $12.39 $13.51
RETURNS TO CAPITAL, LAND & RISK ($17.93) ($60.73)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1.73 $1.96
INTEREST ON EQUIPMENT INVESTMENT $7.09 $10.73
________ ________
TOTAL CAPITAL COSTS $8.82 $12.69
RETURN TO LAND AND RISK ($26.75) ($73.42)
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