TABLE 10. Fall lettuce, flood-irrigated, budgeted per acre costs and returns for a 640 acre farm with
above average management, Deming area, Luna County, 2001.
Planting dates: July 20 - August 10
Harvesting dates: October 1 - October 15
---------------------------------------------------------------------------------------------------------------------------------
ITEM PRICE YIELD TOTAL
---------------------------------------------------------------------------------------------------------------------------------
GROSS RETURNS
FALL LETTUCE $6.96 500.00 CARTONS $3,480.00
_______
TOTAL $3,480.00
---------------------------------------------------------------------------------------------------------------------------------
PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ------- ----- ------ ------
SEED $59.00 4 LBS $236.00 $236.00
ANHYDROUS AMMONIA (NH3) $0.2000 250 LBS $50.00 $50.00
NITROGEN (N) $0.42 50 LBS $21.00 $21.00
PHOSPHATE (P2O5) $0.39 150 LBS $58.50 $58.50
HERBICIDE $17.69 1 X/ACRE $17.69 $17.69
INSECTICIDE $88.24 1 X/ACRE $88.24 $88.24
PUMP WATER* 40 AC. IN.
_______ _______
SUBTOTAL $471.43 $471.43
POWER ACCOMPLISHMEHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- -------- ---- ---------- ----- ----- ------- ----- ------
DISC 185 HP 0.14 HR $1.06 $1.96 $1.62 $1.99 $6.62
PLOW 185 HP 0.48 HR $3.62 $6.73 $5.83 $6.94 $23.12
DISC 185 HP 0.14 HR $1.06 $1.96 $1.62 $1.99 $6.62
LASER PLANE (CUSTOM) $73.33 $0.00 $0.00 $0.00 $0.00 $73.33
FERTILIZE 140 HP 0.05 HR $0.38 $0.53 $0.36 $0.30 $1.56
DISC & SPRAY 185 HP 0.17 HR $1.28 $2.38 $2.50 $2.87 $9.04
LISTER 140 HP 0.12 HR $0.91 $1.27 $1.01 $1.16 $4.35
PRE-IRRIGATE 0.75 HR $5.66 $13.94 $0.37 $4.52 $24.49
ROLLING CULT 80 HP 0.13 HR $0.98 $1.05 $0.38 $0.73 $3.14
VEG-PLANT SHAPER 140 HP 0.26 HR $1.96 $2.76 $2.25 $7.77 $14.74
CULT & SIDEDRESS (2X) 80 HP 0.66 HR $4.98 $5.33 $1.35 $3.30 $14.97
ROLLING CULT 80 HP 0.13 HR $0.98 $1.05 $0.38 $0.73 $3.14
THIN & HOE (CUSTOM) $180.00 $180.00
SPRAY 80 HP 0.11 HR $0.83 $0.89 $0.47 $0.34 $2.53
DUSTER (CUSTOM) $15.00 $15.00
ROTO BUCK (7X) 140 HP 0.21 HR $1.59 $2.23 $1.60 $1.55 $6.96
IRRIGATE (7X) 3.50 HR $26.43 $97.56 $2.57 $31.65 $158.21
_______ ___ ______ ______ ______ ______ ______ _______
SUBTOTAL 6.85 HR $268.33 $51.72 $139.64 $22.30 $65.82 $547.80
HARVEST OPERATIONS
------- ----------
HARVEST (CUSTOM) $925.00 $925.00
CARTONS (CUSTOM) $425.00 $425.00
HAUL (CUSTOM) $150.00 $150.00
BROKERAGE (CUSTOM) $321.90 $321.90
_______ ___ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.00 HR $1,821.90 $0.00 $0.00 $0.00 $0.00 $1,821.90
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.52 HR $3.91 $3.91
EMPLOYEE BENEFITS $9.31 $9.31
INSURANCE $1.03 $1.03
LAND TAXES $1.71 $1.71
SUPERVISION AND MANAGEMENT $123.76 $123.76
OTHER EXPENSES $53.11 $53.11
_______ ___ ______ ______ _______ _______
SUBTOTAL 0.52 HR $54.15 $136.97 $1.71 $192.82
------- --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 7.37 HR $2,615.81 $188.69 $139.64 $22.30 $67.52 $3,033.96
NET OPERATING PROFIT $446.04
INTEREST ON OPERATING CAPITAL ( $428.03 @ 9.00%) $38.52
INTEREST ON EQUIPMENT INVESTMENT $23.59
RETURN TO LAND AND RISK $383.92
=================================================================================================================================
* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $3,480.00 VARIABLE OPERATING EXPENSES $2,777.75 RETURN OVER VARIABLE EXPENSES $702.25 (GROSS MARGIN) FIXED EXPENSES $67.52 NET FARM INCOME $634.73 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $188.69 NET OPERATING PROFIT $446.04 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $62.12 RETURN TO LAND AND RISK $383.92 ===========================================================================================================