TABLE 1. Basic cost information for Lea County, 2001.
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Item
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Labor Wage Rate:
Equipment operators $/hour $7.55
General & Irrigators $/hour $6.75
Purchased Inputs:
Fertilizer:
Nitrogen (N) $/pound $0.42
Phosphate (P205) $/pound $0.39
Seed:
Alfalfa $/pound $2.95
Wheat $/pound $0.11
Cotton $/pound $0.56
Electricity (Lea Co Elec Coop) cents/KwHr 7.50
Natural gas (Gas Co NM) $/MCF $3.48
Service Charge $/month $10.00
Diesel fuel $/gallon $1.40
Gasoline $/gallon $1.35
LP Gas $/gallon $1.03
Employee Liability Insurance $/$1,000 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% 0.075
Equipment Interest Rate percent 9.00%
Real Interest Rate percent 4.00%
Land Taxes $90.00 /acre (full value) $0.68
Personal Property Tax Rate - NR $/$1,000 (Assessed $22.72
- R Value) $22.80
Supervision Factors
Field Crop-Irrigation $/labor hour $1.00
Field Crop-Equipment & General $/labor hour $0.50
Management Rate percent 7.00%
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TABLE 1a. Overhead cost information for Lea County, 2001.
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ITEM
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Electricity (Domestic & Shop) $105.00 per month $1,260
Telephone $105.00 per month $1,260
Accounting & Legal $1,465
Misc. Supplies & Hand Tools $2,140
Pickup and Auto
miles 20,600 @ $0.325 per mile $6,695
Insurance
- general liability (non-employee) $1,580
- fire/theft $1,250
Property Taxes
- non-planted land $72
- other than land & machinery $575
Building repairs and maintenance $1,200
Dues, fees, publications $360
Farmstead Equipment $155
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Total $18,012
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Total per planted acre $48.03
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