TABLE 5. Grain sorghum, flood-irrigated, budgeted per acre costs and returns for a 640 acre farm with above
average management, Deming area, Luna County, 2001.
Planting dates: May 10 - July 10
Harvest dates: October 15 - November 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 70.00 CWT $210.00
ASCS DEFICIENCY $0.55 70.00 CWT $38.50
ASCS DIVERSION $0.00 0.00 CWT $0.00
_______
TOTAL $248.50
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ -------
SEED $1.04 8 LBS $8.32 $8.32
ANHYDROUS AMMONIA (NH3) $0.2000 200 LBS $40.00 $40.00
NITROGEN (N) $0.42 30 LBS $12.60 $12.60
PHOSPHATE (P2O5) $0.39 70 LBS $27.30 $27.30
HERBICIDE $14.81 1 ACRE $14.81 $14.81
INSECTICIDE (AERIAL) $18.02 1 ACRE $18.02 $18.02
INSECTICIDE $10.64 1 DOLLARS $10.64 $10.64
PUMP WATER* 30 AC. IN.
CROP INSURANCE $0.53 $0.53 $0.53
SUBTOTAL $132.22 $132.22
POWER ACCOMPLISHMENT 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
DRAG 80 HP 0.20 HR $1.51 $1.62 $0.25 $0.15 $3.52
LISTER & SPRAY 140 HP 0.13 HR $0.98 $1.38 $1.51 $1.60 $5.47
FERTILIZE 140 HP 0.05 HR $0.38 $0.53 $0.36 $0.30 $1.56
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
PLANTER 140 HP 0.17 HR $1.28 $1.80 $3.03 $2.70 $8.82
CULTIVATOR (2X) 80 HP 0.26 HR $1.96 $2.10 $0.29 $0.47 $4.82
ROTO BUCK (6X) 140 HP 0.18 HR $1.36 $1.91 $1.37 $1.33 $5.97
IRRIGATE (5X) 2.50 HR $18.88 $69.69 $1.84 $22.61 $113.01
_________ ______ ______ ______ ______ ______
SUBTOTAL 5.13 HR $38.73 $104.66 $18.45 $45.31 $207.14
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $15.00 $15.00
HAUL (CUSTOM) $13.30 $13.30
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.00 HR $28.30 $0.00 $0.00 $0.00 $0.00 $28.30
POST HARVEST OPERATIONS
---- ------- ----------
SHREDDER 126 HP 0.14 HR $1.06 $1.48 $1.30 $1.41 $5.25
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.51 HR $3.81 $3.81
EMPLOYEE BENEFITS $7.16 $7.16
INSURANCE $0.80 $0.80
LAND TAXES $1.71 $1.71
SUPERVISION AND MANAGEMENT $21.66 $21.66
OTHER EXPENSES $53.11 $53.11
_________ ______ ______ ______ ______
SUBTOTAL 0.51 HR $53.91 $32.63 $1.71 $88.24
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 5.78 HR $214.43 $72.42 $106.14 $19.75 $48.42 $461.16
NET OPERATING PROFIT ($212.66)
INTEREST ON OPERATING CAPITAL ( $99.94 @ 9.00%) $8.99
INTEREST ON EQUIPMENT INVESTMENT $16.99
RETURN TO LAND AND RISK ($238.65)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $248.50 VARIABLE OPERATING EXPENSES $340.32 RETURN OVER VARIABLE EXPENSES ($91.82) (GROSS MARGIN) FIXED EXPENSES $48.42 NET FARM INCOME ($140.25) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $72.42 NET OPERATING PROFIT ($212.66) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $25.99 RETURN TO LAND AND RISK ($238.65) ===================================================================================================