TABLE 8. Summary of per acre costs and returns for a 35 acre part-time farm,
Hondo Valley, Lincoln County, 2001.
---------------------------------------------------------------------------------
ANNUAL
ALFALFA ALFALFA PASTURE ANNUAL
ESTABLISHMENT HAY EST. PASTURE
----------------FLOOD---------------
---------------------------------------------------------------------------------
TONS AUMS
PRIMARY YIELD 4.00 10.00
PRIMARY PRICE 118.00 12.00
GOVERNMENT PAYMENTS 0.00 0.00
SECOND INCOME 15.00 0.00
GROSS RETURN $487.00 $120.00
CASH OPERATING EXPENSES
SEED $53.00 $60.00
FERTILIZER $10.00 $22.80 $16.00 $16.00
CHEMICALS $14.63
CROP INSURANCE
OTHER PURCHASED INPUTS $12.98
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $8.45 $16.90 $8.45 $0.65
FUEL-IRRIGATION $7.18 $7.18
REPAIRS $2.45 $6.68 $2.45 $0.70
CUSTOM CHARGES
LAND TAXES $1.59 $1.59
OTHER EXPENSES $0.36 $116.42 $115.97 $115.82
____________________________________
TOTAL CASH EXPENSES $74.27 $199.18 $202.88 $141.94
RETURN OVER CASH EXPENSES ($74.27) $287.82 ($202.88) ($21.94)
FIXED EXPENSES $63.98 $122.42 $63.98 $84.42
TOTAL EXPENSES $138.25 $321.60 $266.86 $226.37
NET FARM INCOME ($138.25) $165.40 ($266.86)($106.37)
LABOR AND MANAGEMENT COSTS $49.74 $115.43 $50.26 $28.76
NET OPERATING PROFIT ($187.99) $49.97 ($317.12)($135.13)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $6.34 $4.52
INTEREST ON EQUIPMENT INVESTMENT $67.76 $21.83
____________________________________
TOTAL CAPITAL COSTS $0.00 $74.10 $0.00 $26.36
RETURN TO LAND AND RISK ($187.99) ($24.13)($317.12)($161.48)
====================================
=================================================================================