TABLE 12. Midseason yellow 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: June 1 - July 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
MIDSEASON YELLOW ONIONS $6.25 675.00 SACKS $4,218.75
_______
TOTAL $4,218.75
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ------- ----- ------ ------
SEED $80.00 4 LBS $320.00 $320.00
ANHYDROUS AMMONIA (NH3) $0.2000 450 LBS $90.00 $90.00
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 $646.03 $646.03
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 126 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) $742.50 $742.50
BAG RENTAL $67.50 $67.50
FIELD LOAD (CUSTOM) $0.00 $0.00
PROCESSING (CUSTOM) $1,282.50 $1,282.50
CONTAINER CHARGE $270.00 $270.00
BROKERAGE (CUSTOM) $379.69 $379.69
_______ ___ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.27 HR $2,742.19 $2.04 $2.18 $0.50 $3.62 $2,750.53
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 $149.24 $149.24
OTHER EXPENSES $53.11 $53.11
_______ ___ ______ ______ _______ _______
SUBTOTAL 0.60 HR $54.63 $167.46 $1.71 $223.79
------- --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 10.67 HR $3,636.18 $243.49 $163.87 $23.38 $78.48 $4,145.40
NET OPERATING PROFIT $73.35
INTEREST ON OPERATING CAPITAL ( $597.90 @ 9.00%) $53.81
INTEREST ON EQUIPMENT INVESTMENT $26.99
RETURN TO LAND AND RISK ($7.45)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $4,218.75 VARIABLE OPERATING EXPENSES $3,823.43 RETURN OVER VARIABLE EXPENSES $395.32 (GROSS MARGIN) FIXED EXPENSES $78.48 NET FARM INCOME $316.84 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $243.49 NET OPERATING PROFIT $73.35 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $80.80 RETURN TO LAND AND RISK ($7.45) ===========================================================================================================