TABLE 7. Green chile, flood-irrigated, budgeted per acre costs and returns for a 640 acre farm with
above average management, Deming area, Luna County, 2001.
Planting dates: March 15 - May 1
Harvesting dates: August 15 - September 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GREEN CHILE $280.00 11.00 TONS $3,080.00
RED CHILE $0.00 0.00 LBS $0.00
_______
TOTAL $3,080.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ------- ----- ------ ------
SEED $21.00 4 LBS $84.00 $84.00
ANHYDROUS AMMONIA (NH3) $0.2000 300 LBS $60.00 $60.00
NITROGEN (N) $0.42 60 LBS $25.20 $25.20
PHOSPHATE (P2O5) $0.39 150 LBS $58.50 $58.50
HERBICIDE $14.81 1 ACRE $14.81 $14.81
INSECTICIDE $14.81 1 ACRE $14.81 $14.81
CROP INSURANCE $58.40 1 DOLLARS $58.40 $58.40
PUMP WATER* 54 AC. IN.
_______ _______
SUBTOTAL $315.72 $315.72
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
LASER (CUSTOM) $73.33 $73.33
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 $10.04 $0.26 $3.26 $19.22
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 (5X) 80 HP 0.65 HR $4.91 $5.25 $0.72 $1.17 $12.04
THIN & HOE (CUSTOM) $90.00 $90.00
ROTO BUCK (7X) 140 HP 0.21 HR $1.59 $2.23 $1.60 $1.55 $6.96
IRRIGATE (14X) 7.00 HR $52.85 $140.49 $3.71 $45.57 $242.62
_______ ___ ______ ______ ______ ______ ______ _______
SUBTOTAL 9.85 HR $163.33 $74.37 $173.41 $20.63 $67.78 $499.52
HARVEST OPERATIONS
------- ----------
HARVEST GREEN (CUSTOM) $1,089.00 $1,089.00
HARVEST RED (CUSTOM) $0.00 $0.00
HAUL 3/4 TON 6.00 HR $45.30 $51.03 $28.65 $21.10 $146.08
_______ ___ _______ ______ ______ ______ ______ ______
SUBTOTAL 6.00 HR $1,089.00 $45.30 $51.03 $28.65 $21.10 $1,235.08
POST HARVEST OPERATIONS
---- ------- ----------
SHREDDER 80 HP 0.29 HR $2.19 $2.34 $0.84 $1.62 $6.99
_______ ___ _______ ______ ______ ______ ______ ______
SUBTOTAL 0.29 HR 0.00 2.19 2.34 0.84 1.62 6.99
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.57 HR $4.27 $4.27
EMPLOYEE BENEFITS $13.78 $13.78
INSURANCE $1.53 $1.53
LAND TAXES $1.71 $1.71
SUPERVISION AND MANAGEMENT $113.22 $113.22
OTHER EXPENSES $53.11 $53.11
_______ ___ ______ ______ _______ _______
SUBTOTAL 0.57 HR $54.64 $131.26 $1.71 $187.61
------- --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 16.71 HR $1,622.69 $253.12 $226.79 $50.12 $92.21 $2,244.93
NET OPERATING PROFIT $835.07
INTEREST ON OPERATING CAPITAL ( $304.03 @ 9.00%) $27.36
INTEREST ON EQUIPMENT INVESTMENT $39.89
RETURN TO LAND AND RISK $767.82
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $3,080.00 VARIABLE OPERATING EXPENSES $1,900 RETURN OVER VARIABLE EXPENSES $1,180.40 (GROSS MARGIN) FIXED EXPENSES $92.21 NET FARM INCOME $1,088.19 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $253.12 NET OPERATING PROFIT $835.07 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $67.25 RETURN TO LAND AND RISK $767.82 ===========================================================================================================