TABLE 14. Summary of per acre costs and returns for a 640 acre farm with above average management,
Deming area, Luna County, 2001.
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GRAIN PICKER GREEN RED SPRING FALL FALL MIDSEASON LATE
WHEAT SORGHUM COTTON CHILE CHILE LETTUCE LETTUCE ONIONS ONIONS ONIONS
----------------------------------------FLOOD----------------------------------
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CWT CWT LBS TONS/LBS LBS CARTONS CARTONS SACKS SACKS SACKS
PRIMARY YIELD 50.00 70.00 750.00 11.00 3500.00 475.00 500.00 825.00 675.00 825.00
PRIMARY PRICE 3.00 3.00 0.69 280.00 0.70 6.23 6.96 5.70 6.25 7.38
GOVERNMENT PAYMENTS 38.50 38.50 42.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
SECOND INCOME 0.00 0.00 58.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
GROSS RETURN $188.50 $248.50 $618.00 $3,080.00 $2,450.00 $2,959.25 $3,480.00 $4,702.50 $4,218.75 $6,088.50
CASH OPERATING EXPENSES
SEED $23.00 $8.32 $10.08 $84.00 $84.00 $340.00 $236.00 $236.00 $320.00 $340.00
FERTILIZER $93.80 $79.90 $73.80 $143.70 $129.70 $129.50 $129.50 $191.70 $191.70 $181.70
CHEMICALS $43.47 $25.45 $29.62 $29.62 $88.12 $105.93 $102.09 $134.33 $134.33
CROP INSURANCE $0.74 $0.53 $0.17 $58.40 $59.55
OTHER PURCHASED INPUTS
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $7.63 $22.52 $43.84 $76.26 $52.25 $27.50 $28.14 $30.07 $30.07 $30.07
FUEL-IRRIGATION $55.75 $83.63 $72.48 $150.53 $133.80 $66.90 $111.50 $156.10 $133.80 $133.80
REPAIRS $7.65 $19.75 $26.44 $50.12 $34.83 $20.67 $22.30 $23.97 $23.38 $23.38
CUSTOM CHARGES $35.50 $28.30 $177.50 $1,252.33 $860.00 $1,897.06 $2,090.23 $3,504.06 $2,935.52 $3,628.80
LAND TAXES $1.71 $1.71 $1.71 $1.71 $1.71 $1.71 $1.71 $1.71 $1.71 $1.71
OTHER EXPENSES $53.51 $53.91 $54.21 $54.64 $54.85 $53.99 $54.15 $54.63 $54.63 $54.63
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
TOTAL CASH EXPENSES $279.28 $342.03 $485.67 $1,901.30 $1,440.32 $2,625.44 $2,779.46 $4,300.32 $3,825.13 $4,528.41
RETURN OVER CASH EXPENSES ($90.78) ($93.53) $132.33 $1,178.70 $1,009.68 $333.81 $700.54 $402.18 $393.62 $1,560.09
FIXED EXPENSES $31.15 $46.72 $70.87 $90.51 $73.08 $50.91 $65.82 $84.01 $76.78 $76.78
TOTAL EXPENSES $310.43 $388.75 $556.54 $1,991.81 $1,513.40 $2,676.35 $2,845.27 $4,384.33 $3,901.91 $4,605.19
NET FARM INCOME ($121.93)($140.25) $61.46 $1,088.19 $936.60 $282.90 $634.73 $318.17 $316.84 $1,483.31
LABOR AND MANAGEMENT COSTS $40.13 $72.42 $120.65 $253.12 $210.32 $170.11 $188.69 $234.87 $243.49 $244.49
NET OPERATING PROFIT ($162.06)($212.66) ($59.19) $835.07 $726.28 $112.79 $446.04 $83.30 $73.35 $1,238.82
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $7.15 $8.99 $8.73 $27.36 $23.73 $40.42 $38.52 $53.36 $53.81 $59.46
INTEREST ON EQUIPMENT INVESTMENT $9.86 $16.99 $32.01 $39.89 $29.00 $21.52 $23.59 $27.82 $26.99 $26.99
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
TOTAL CAPITAL COSTS $17.02 $25.99 $40.74 $67.25 $52.73 $61.94 $62.12 $81.17 $80.80 $86.45
RETURN TO LAND AND RISK ($179.07)($238.65) ($99.93) $767.82 $673.55 $50.85 $383.92 $2.12 ($7.45)$1,152.37
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