TABLE 9. Summary of per acre costs and returns, 40 acre farm with above average management, Northern Mountain
--------------------------------------------------------------------------------------------------------------
ALFALFA ALFALFA GRASS HAY GRASS
ESTABLISHMENT HAY ESTAB HAY
--------------------------------------FLOOD--------------------
--------------------------------------------------------------------------------------------------------------
TONS TONS TONS
PRIMARY YIELD 2.00 2.00
PRIMARY PRICE 120.00 110.00
GOVERNMENT PAYMENTS 0.00 0.00
SECOND INCOME 10.00 10.00
GROSS RETURN $250.00 $230.00
CASH OPERATING EXPENSES
SEED $50.15 $6.45
FERTILIZER $0.00 $21.45 $43.05 $0.00
CHEMICALS $0.00 $0.00
CROP INSURANCE
OTHER PURCHASED INPUTS $6.17 $6.17
CANAL WATER $7.00 $0.00 $25.00
FUEL, OIL & LUBRICANTS-EQUIPMENT $10.01 $12.32 $9.84 $1.88
FUEL-IRRIGATION
REPAIRS $0.32 $2.33 $0.27 $0.62
CUSTOM CHARGES $0.00
LAND TAXES $3.26 $0.00 $11.51
OTHER EXPENSES $0.35 $63.22 $63.16 $63.16
________ ________ ________ ________
TOTAL CASH EXPENSES $60.83 $115.75 $122.77 $108.34
RETURN OVER CASH EXPENSES ($60.83) $134.25 ($122.77) $121.66
FIXED EXPENSES $9.29 $67.10 $9.59 $39.89
TOTAL EXPENSES $70.12 $182.85 $132.36 $148.23
NET FARM INCOME ($70.12) $67.15 ($132.36) $81.77
LABOR AND MANAGEMENT COSTS $34.03 $54.94 $130.00 $45.66
NET OPERATING PROFIT ($104.15) $12.21 ($262.36) $36.11
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1.35 $0.00 $3.50
INTEREST ON EQUIPMENT INVESTMENT $37.37 $0.00 $13.51
________ ________ ________ ________
TOTAL CAPITAL COSTS $0.00 $38.72 $0.00 $17.01
RETURN TO LAND AND RISK ($104.15) ($26.51) ($262.36) $19.09
======== ======== ======== ========
==============================================================================================================