TABLE 15. Whole farm summary, Deming area, Luna County, 2001.
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GROSS RETURNS
WHEAT 68 ACRES
CROP $10,200
ASCS DEFICIENCY $2,618
ASCS DIVERSION $0
GRAIN SORGHUM 93.5 ACRES
CROP $19,635
ASCS DEFICIENCY $3,600
ASCS DIVERSION $0
UPLAND COTTON 349 ACRES
LINT $180,349
SEED $20,387
ASCS DEFICIENCY $11,424
ASCS DIVERSION $0
GREEN CHILE 40 ACRES
GREEN $123,200
RED $0
RED CHILE 40 ACRES
CROP $98,000
SPRING LETTUCE 10 ACRES
CROP $29,593
FALL LETTUCE 10 ACRES
CROP $34,800
FALL ONIONS 10 ACRES
CROP $47,025
MIDSEASON ONIONS 10 ACRES
CROP $42,188
LATE SEASON ONIO 10 ACRES
CROP $60,885
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GROSS RETURN $683,903
CASH OPERATING EXPENSES
SEED $27,295
FERTILIZER $58,745
CHEMICALS $20,951
CROP INSURANCE $4,868
OTHER PURCHASED INPUTS $0
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $24,502
FUEL-IRRIGATION $54,262
REPAIRS $16,117
CUSTOM CHARGES $291,969
LAND TAXES $1,092
OTHER EXPENSES $34,670
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TOTAL CASH EXPENSES $534,470
RETURN OVER CASH EXPENSES $149,433
FIXED EXPENSES $41,270
TOTAL EXPENSES $575,741
NET FARM INCOME $108,162
LABOR AND MANAGEMENT COSTS $80,899
NET OPERATING PROFIT $27,263
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $8,871
INTEREST ON EQUIPMENT INVESTMENT $17,440
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TOTAL CAPITAL COSTS $26,311
RETURN TO LAND AND RISK $953
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$500 /ACRE ($11,847) 3.99%
$700 /ACRE ($16,967) 3.36%
$900 /ACRE ($22,087) 2.90%
$1,100 /ACRE ($27,207) 2.55%
$1,300 /ACRE ($32,327) 2.28%
$1,500 /ACRE ($37,447) 2.06%
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* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L