TABLE 9. Grain sorghum, flood-irrigated, budgeted per acre costs and returns for a 640 acre farm
with above average management, Dell City area, Otero County, 2001.
Planting dates: May 1 - June 15
Harvesting dates: October 15 - November 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 50.00 CWT $150.00
ASCS DEFICIENCY $0.55 50.00 CWT $27.50
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $13.00 1 ACRE $13.00
_______
TOTAL $190.50
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ ------
SEED $1.04 12 LBS $12.48 $12.48
ANHYDROUS (NH3) $0.2000 150 LBS $30.00 $30.00
NITROGEN (N) $0.42 18 LBS $7.56 $7.56
PHOSPHATE (P2O5) $0.39 46 LBS $17.94 $17.94
INSECTICIDE $14.36 1 ACRE $14.36 $14.36
HERBICIDE $11.69 1 ACRE $11.69 $11.69
LIVESTOCK FAC & EQUIP $5.00 $5.00
PUMP WATER 36 AC. IN. $0.00 $0.00
CROP INSURANCE $1.96 ______ _______ $1.96
SUBTOTAL $94.03 $5.00 $100.99
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ------ ------- ------ ------
DISC 155 HP 0.14 HR $1.05 $1.86 $0.89 $3.02 $6.82
CHISEL 155 HP 0.20 HR $1.50 $2.65 $0.98 $4.96 $10.10
ANHYDROUS APPL 155 HP 0.20 HR $7.00 $1.50 $2.65 $0.94 $3.66 $15.75
DISC & SPRAY 155 HP 0.19 HR $1.43 $2.52 $1.50 $6.94 $12.39
LISTER 155 HP 0.12 HR $0.90 $1.59 $0.71 $3.63 $6.83
PLANTER 155 HP 0.17 HR $1.28 $2.25 $1.83 $8.68 $14.04
ROLLING CULT (3X) 93 HP 0.39 HR $2.93 $3.66 $1.25 $2.39 $10.23
IRRIGATE (6X) 3.00 HR $22.50 $70.66 $1.44 $18.68 $113.28
_________ ______ ______ ______ ______ ______ _______
SUBTOTAL 4.41 HR $7.00 $33.08 $87.84 $9.56 $51.96 $189.43
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) 14 FT SP $15.00 $15.00
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.00 HR $15.00 $0.00 $0.00 $0.00 $0.00 $15.00
OVERHEAD EXPENSES
-------- --------
DOWNTIME 1.10 HR $8.27 $8.27
EMPLOYEE BENEFITS $5.95 $5.95
INSURANCE $0.66 $0.66
LAND TAXES $2.97 $2.97
SUPERVISION AND MANAGEMENT $15.54 $15.54
OTHER EXPENSES $54.45 $54.45
_________ ______ ______ ______ ______
SUBTOTAL 1.10 HR $55.11 $29.76 $2.97 $87.84
--------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 5.51 HR $171.14 $62.84 $87.84 $9.56 $59.93 $393.26
NET OPERATING PROFIT ($202.76)
INTEREST ON OPERATING CAPITAL ( $74.84 @ 9.00%) $6.74
INTEREST ON EQUIPMENT INVESTMENT $22.79
RETURN TO LAND AND RISK ($232.28) =====================================================================================================================
BUDGET SUMMARY
GROSS RETURN $190.50 VARIABLE OPERATING EXPENSES $268.53 RETURN OVER VARIABLE EXPENSES ($78.03) (GROSS MARGIN) FIXED EXPENSES $59.93 NET FARM INCOME ($137.96) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $62.84 NET OPERATING PROFIT ($200.80) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $29.52 RETURN TO LAND AND RISK ($230.32) ===================================================================================================