TABLE 1. Basic cost information for Lincoln County, 2001.
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Item
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Labor Wage Rate:
Equipment operators $/hour $6.25
General & Irrigators $/hour $5.95
Purchased Inputs:
Fertilizer:
Nitrogen (N) $/pound $0.42
Phosphorus (P205) $/pound $0.39
Seed:
Alfalfa $/pound $2.65
Pasture $/pound $3.00
Natural Gas $/MCF $3.46
Diesel fuel $/gallon $1.05
Gasoline $/gallon $1.00
Electricity cents/kwhr 8.12
Employee Liability Insurance $/$1,000 wages $12.00
Employee Benefits percent/wages 12.00%
Labor Downtime percent 25.00%
Financial Rates:
Operating Capital Interest Rate percent 9.00%
Land Interest Rate percent 7.50%
Equipment Interest Rate percent 9.00%
Expected Inflation Rate percent 4.00%
Land Taxes $175.00 /acre (full value) $1.59
Personal Property Tax Rate - NR $/$1,000 (Assessed $27.31
- R Value) $21.31
Supervision Factors
Field Crop-Irrigation $/acre $1.00
Field Crop-Equipment & General $/acre $0.50
Management Rate percent 4.00%
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TABLE 1a. Overhead cost information for Lincoln County, 2001.
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ITEM
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Electricity (Domestic & Shop) $45.00 per month $540
Telephone $35.00 per month $420
Accounting & Legal $115
Misc. Supplies & Hand Tools $215
Pickup and Auto
miles 4120 @ $0.325 per mile $1,339
Insurance
- general liability (non-employee) $150
- fire/theft $125
Property Taxes
- non-planted land $14
- other than land & machinery $125
Building repairs and maintenance $180
Dues, fees, publications $95
Farmstead Equipment $150
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Total $3,468
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Total per planted acre $115.61
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