TABLE 10. Whole farm budget summary, Northern Mountain Counties, 2001.
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GROSS RETURNS
ALFALFA HAY 10.0 ACRES
CROP $2,400
GRAZING $100
PERMANENT PASTURE 0.0 ACRES
GRAZING $0
SUDAN HAY (AOH) 0.0 ACRES
CROP $0
GRAZING $0
GRASS HAY 30.0 ACRES
CROP $6,600
GRAZING $300
LIVESTOCK $16,532
GROSS RETURN $25,932
CASH OPERATING EXPENSES
FORAGE $790
LIVESTOCK FEED $14,053
SEED $50
FERTILIZER $215
CHEMICALS $0
CROP INSURANCE $0
OTHER PURCHASED INPUTS $247
CANAL WATER $820
FUEL, OIL & LUBRICANTS-EQUIPMENT $190
FUEL-IRRIGATION $0
REPAIRS $42
CUSTOM CHARGES $0
LAND TAXES $378
OTHER EXPENSES $2,527
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TOTAL CASH EXPENSES $19,312
RETURN OVER CASH EXPENSES $6,621
FIXED EXPENSES $1,747
TOTAL EXPENSES $21,058
NET FARM INCOME $4,874
LABOR AND MANAGEMENT COSTS $1,953
NET OPERATING PROFIT $2,921
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $118
INTEREST ON EQUIPMENT INVESTMENT $779
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TOTAL CAPITAL COSTS $898
RETURN TO LAND AND RISK $2,023
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$1,000 /ACRE $423 6.33%
$2,000 /ACRE ($1,177) 3.39%
$3,000 /ACRE ($2,777) 2.32%
$4,000 /ACRE ($4,377) 1.76%
$5,000 /ACRE ($5,977) 1.42%
$6,000 /ACRE ($7,577) 1.19%
$7,000 /ACRE ($9,177) 1.02%
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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