TABLE 7. Permanent pasture, flood-irrigated, budgeted per acre costs and returns for a 35 acre part-time farm,
Hondo Valley, Lincoln County, 2001.
Harvesting dates: March 1 - September 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
PASTURE $12.00 10.00 AUMS $120.00
______
TOTAL $120.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- ------ ------ ------
NITROGEN (N) $0.24 50 LBS $12.00 $12.00
PHOSPHORUS (P2O5) $0.20 20 LBS $4.00 $4.00
LIVESTOCK FAC & EQUIP $12.00 $12.00
ESTABLISHMENT: Principal 10 YEARS $31.71 $31.71
: Interest $14.13 $14.13
CANAL WATER 24 AC. IN.
PUMP WATER* 6 AC. IN.
______ ______ ______
SUBTOTAL $16.00 $57.84 $73.84
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
FERT. SPREADER 30 HP 0.30 HR $1.79 $0.65 $0.08 $0.76 $3.28
DITCH MAINTENANCE 0.25 HR $1.49 $1.49
IRRIGATE (5X) 2.50 HR $14.88 $7.18 $0.61 $25.82 $48.49
_________ ______ ______ ______ ______ ______
SUBTOTAL 3.05 HR $18.15 $7.83 $0.70 $26.58 $53.25
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.14 HR $0.86 $0.86
EMPLOYEE BENEFITS $2.18 $2.18
FARM INSURANCE $0.22 $0.22
LAND TAXES $1.59 $1.59
SUPERVISION AND MANAGEMENT $7.58 $7.58
OTHER EXPENSES $115.61 $115.61
_________ ______ ______ ______ ______
SUBTOTAL 0.14 HR $115.82 $10.61 $1.59 $128.03
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 3.19 HR $131.82 $28.76 $7.83 $0.70 $86.02 $255.13
NET OPERATING PROFIT ($135.13)
INTEREST ON OPERATING CAPITAL ( $127.10 @ 9.00%) $4.52
INTEREST ON EQUIPMENT INVESTMENT $21.83
RETURN TO LAND AND RISK ($161.48)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $120.00 VARIABLE OPERATING EXPENSES $144.87 RETURN OVER VARIABLE EXPENSES ($24.87) (GROSS MARGINS) FIXED EXPENSES $86.02 NET FARM INCOME ($110.89) (RETURNS TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $28.76 NET OPERATING PROFIT ($139.65) (RETURNS TO CAPITAL, LAND & RISK) CAPITAL COSTS $21.83 RETURN TO LAND AND RISK ($161.48) ===================================================================================================