TABLE 13. Late season onions, flood-irrigated, budgeted per acre costs and returns for a 640 acre farm with
above average management, Deming area, Luna County, 2001.
Planting dates: January 15 - February 15
Harvesting dates: August 1 - August 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
LATE SEASON ONIONS $7.38 825.00 SACKS $6,088.50
_______
TOTAL $6,088.50
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ------- ----- ------ ------
SEED $85.00 4 LBS $340.00 $340.00
ANHYDROUS AMMONIA (NH3) $0.2000 400 LBS $80.00 $80.00
NITROGEN (N) $0.42 75 LBS $31.50 $31.50
PHOSPHATE (P2O5) $0.39 180 LBS $70.20 $70.20
HERBICIDE $61.68 1 X/ACRE $61.68 $61.68
INSECTICIDE $72.65 1 X/ACRE $72.65 $72.65
PUMP WATER* 48 AC. IN.
_______ _______
SUBTOTAL $656.03 $656.03
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 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 $9.56 $0.25 $3.10 $18.57
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) $120.00 $120.00
ROTO BUCK (9X) 140 HP 0.27 HR $2.04 $2.86 $2.06 $1.99 $8.95
IRRIGATE (13X) 6.50 HR $49.08 $124.24 $3.28 $40.30 $216.90
_______ ___ ______ ______ ______ ______ ______ _______
SUBTOTAL 9.80 HR $193.33 $73.99 $161.69 $22.88 $73.16 $525.04
HARVEST OPERATIONS
------- ----------
ONION KNIVES 80 HP 0.27 HR $2.04 $2.18 $0.50 $3.62 $8.34
HARVEST & HAUL (CUSTOM) $907.50 $907.50
BAG RENTAL $82.50 $82.50
FIELD LOAD (CUSTOM) $0.00 $0.00
PROCESSING (CUSTOM) $1,567.50 $1,567.50
CONTAINER CHARGE $330.00 $330.00
BROKERAGE (CUSTOM) $547.97 $547.97
_______ ___ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.27 HR $3,435.47 $2.04 $2.18 $0.50 $3.62 $3,443.81
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.60 HR $4.53 $4.53
EMPLOYEE BENEFITS $13.69 $13.69
INSURANCE $1.52 $1.52
LAND TAXES $1.71 $1.71
SUPERVISION AND MANAGEMENT $150.24 $150.24
OTHER EXPENSES $53.11 $53.11
_______ ___ ______ ______ _______ _______
SUBTOTAL 0.60 HR $54.63 $168.46 $1.71 $224.79
------- --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 10.67 HR $4,339.46 $244.49 $163.87 $23.38 $78.48 $4,849.68
NET OPERATING PROFIT $1,238.82
INTEREST ON OPERATING CAPITAL ( $660.67 @ 9.00%) $59.46
INTEREST ON EQUIPMENT INVESTMENT $26.99
RETURN TO LAND AND RISK $1,152.37
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $6,088.50 VARIABLE OPERATING EXPENSES $4,526.71 RETURN OVER VARIABLE EXPENSES $1,561.79 (GROSS MARGIN) FIXED EXPENSES $78.48 NET FARM INCOME $1,483.31 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $244.49 NET OPERATING PROFIT $1,238.82 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $86.45 RETURN TO LAND AND RISK $1,152.37 ===========================================================================================================