TABLE 8. Red 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: September 15 - January 31
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
RED CHILE $0.70 3,500.00 LBS $2,450.00
_______
TOTAL $2,450.00
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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 230 LBS $46.00 $46.00
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 $59.55 1 DOLLARS $59.55 $59.55
PUMP WATER* 48 AC. IN.
_______ _______
SUBTOTAL $302.87 $302.87
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 (2X) 80 HP 0.20 HR $1.51 $1.62 $0.25 $0.07 $3.44
LISTER 140 HP 0.12 HR $0.91 $1.27 $1.01 $1.16 $4.35
FERTILIZE 140 HP 0.05 HR $0.38 $0.53 $0.36 $0.30 $1.56
PRE-IRRIGATE 0.75 HR $5.66 $11.15 $0.29 $3.62 $20.72
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 (11X) 5.50 HR $41.53 $122.65 $3.24 $39.78 $207.20
_______ ___ ______ ______ ______ ______ ______ _______
SUBTOTAL 8.54 HR $90.00 $64.48 $158.20 $19.93 $61.99 $394.59
HARVEST OPERATIONS
------- ----------
HARVEST (CUSTOM) $770.00 $770.00
HAUL 3/4 TON 3.00 HR $22.65 $25.52 $14.33 $10.55 $73.04
_______ ___ ______ ______ ______ ______ ______ ______
SUBTOTAL 3.00 HR $770.00 $22.65 $25.52 $14.33 $10.55 $843.04
POST HARVEST OPERATIONS
---- ------- ----------
SHREDDER 80 HP 0.29 HR $2.19 $2.34 $0.58 $0.55 $5.65
_______ ___ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.29 HR $0.00 $2.19 $2.34 $0.58 $0.55 $5.65
OVERHEAD EXPENSES
-------- --------
DOWNTIME 1.40 HR $10.53 $10.53
EMPLOYEE BENEFITS $15.68 $15.68
INSURANCE $1.74 $1.74
LAND TAXES $1.71 $1.71
SUPERVISION AND MANAGEMENT $94.79 $94.79
OTHER EXPENSES $53.11 $53.11
_______ ___ ______ ______ _______ _______
SUBTOTAL 1.40 HR $54.85 $121.00 $1.71 $177.56
------- --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 13.23 HR $1,217.73 $210.32 $186.06 $34.83 $74.79 $1,723.72
NET OPERATING PROFIT $726.28
INTEREST ON OPERATING CAPITAL ( $263.70 @ 9.00%) $23.73
INTEREST ON EQUIPMENT INVESTMENT $29.00
RETURN TO LAND AND RISK $673.55
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $2,450.00 VARIABLE OPERATING EXPENSES $1,438.61 RETURN OVER VARIABLE EXPENSES $1,011.39 (GROSS MARGIN) FIXED EXPENSES $74.79 NET FARM INCOME $936.60 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $210.32 NET OPERATING PROFIT $726.28 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $52.73 RETURN TO LAND AND RISK $673.55 ===========================================================================================================