TABLE 7. Grass hay, flood-irrigated, budgeted per acre costs and returns for a 40 acre farm with
with above average management, Northern Mountain Counties, 2001.
Harvest dates: August 15 - September 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRASS HAY $110.00 2.00 TONS (IN FIELD) $220.00
GRAZING $10.00 1.00 AUM $10.00
______
TOTAL $230.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ------ ----- ------ ----- ------
SEED $0.40 70 LBS $28.00 $28.00
PHOSPHATE $0.39 35 LBS $13.65 $13.65
NITROGEN $0.42 70 ACRE $29.40 $29.40
WIRE $0.36 17 LBS $6.17 $6.17
CANAL WATER 30 AC. IN. $25.00 $25.00
______ ______ ______
SUBTOTAL $77.22 $25.00 $102.22
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ------- ---- ----------- ----- ----- ------- ----- -----
FERTILIZE 40HP 0.05 $0.26 $0.12 $0.12 $0.12 $0.62
IRRIGATE (5X) 3.75 HR $19.31 $0.00 $0.00 $0.00 $19.31
CLEAN DITCHES CUSTOM ______ ___ $5.00 $0.00 $0.00 $0.00 $0.00 $5.00
SUBTOTAL 3.80 HR 5.00 19.57 0.12 0.12 0.12 $24.94
HARVEST OPERATIONS
------- ----------
SWATHER (2X) 40 HP 0.32 HR $1.65 $0.00 $0.26 $1.96 $3.87
BALER (2X) 40 HP 0.42 HR $2.16 $1.76 $0.24 $9.54 $13.71
______ ___ ______ ______ ______ ______ ______
SUBTOTAL 0.74 HR $3.81 $1.76 $0.50 $11.51 $17.58
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.37 HR $1.91 $1.91
EMPLOYEE BENEFITS $2.81 $2.81
INSURANCE $0.47 $0.47
LAND TAXES $3.26 $3.26
SUPERVISION AND MANAGEMENT $17.57 $17.57
OTHER EXPENSES $62.69 $62.69
______ ___ ______ ______ ______ ______
SUBTOTAL 0.37 HR $63.16 $22.28 $3.26 $88.70
------ --- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 4.91 HR $145.38 $45.66 $1.88 $0.62 $39.89 $233.44
NET OPERATING PROFIT ($3.44)
INTEREST ON OPERATING CAPITAL ( $38.86 @ 9.00%) $3.50
INTEREST ON EQUIPMENT INVESTMENT $13.51
RETURN TO LAND AND RISK ($20.45) =================================================================================================================================