TABLE 5. Alfalfa hay, sprinkler-irrigated, budgeted per acre costs and returns for a 50 acre part-time farm,
Tularosa Basin, Otero County, 2001.
Harvesting dates: May 10 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
ALFALFA HAY $120.00 6.00 TONS (STACKED) $720.00
_______
TOTAL $720.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ------ ----------- ------ ------ ------
FERT. (ALFALFA MIX) $0.16 250 LBS $40.00 $40.00
INSECTICIDE $22.85 1 ACRE $22.85 $22.85
WIRE $0.36 56 LBS $20.16 $20.16
ESTABLISHMENT: Principal 10 YEARS $29.65 $29.65
: Interest $10.79 $10.79
PUMP WATER* 45 AC. IN.
______ ______ _______
SUBTOTAL $83.01 $40.44 $123.45
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ------ ------ ------- ------ -------
IRRIGATE (11X) 5.50 HR $35.48 $98.07 $16.77 $121.19 $271.50
_________ ______ ______ ______ ______ ______
SUBTOTAL 5.50 HR $35.48 $98.07 $16.77 $121.19 $271.50
HARVEST OPERATIONS
------- ----------
SWATHER (5X) 14 FT 0.80 HR $5.40 $4.04 $1.62 $37.02 $48.08
BALER, PTO (5X) 50 HP 1.05 HR $7.09 $5.30 $4.44 $20.22 $37.05
BALEWAGON, PTO (5X) 50 HP 1.00 HR $6.75 $5.05 $8.26 $30.32 $50.38
_________ ______ ______ ______ ______ ______
SUBOTOTAL 2.85 HR $19.24 $14.39 $14.32 $87.56 $135.51
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.71 HR $4.81 $4.81
EMPLOYEE BENEFITS $6.57 $6.57
FARM INSURANCE $0.66 $0.66
LAND TAXES $2.93 $2.93
SUPERVISION AND MANAGEMENT $35.73 $35.73
OTHER EXPENSES $116.19 $116.19
_________ ______ ______ ______ ______
SUBTOTAL 0.71 HR $116.85 $47.10 $2.93 $166.88
--------- ------ ------ ------ ------ ------- -------
TOTAL OPERATING EXPENSES 9.06 HR $199.86 $101.81 $112.46 $31.09 $252.12 $697.34
NET OPERATING PROFIT $22.66
INTEREST ON OPERATING CAPITAL ( $72.61 @ 9.00%) $6.53
INTEREST ON EQUIPMENT INVESTMENT $108.20
RETURN TO LAND AND RISK ($92.08)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $720.00
VARIABLE OPERATING EXPENSES $349.95
RETURN OVER VARIABLE EXPENSES $370.05 (GROSS MARGINS)
FIXED EXPENSES $252.12
NET FARM INCOME $117.93 (RETURNS TO CAPITAL, LABOR, LAND & RISK)
LABOR AND MANAGEMENT COST $101.81
NET OPERATING PROFIT $16.12 (RETURNS TO CAPITAL, LAND & RISK)
CAPITAL COSTS $108.20
RETURN TO LAND AND RISK ($92.08)
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