TABLE 8. Summary of per acre costs and returns, 50-acre part-time farm,
Tularosa Basin, Otero County, 2001.
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OATS SORGHUM/
ALFALFA ALFALFA FOR SUDAN
ESTABLISHMENT HAY HAY HAY
-------------FLOOD-------------
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TONS TONS TONS
PRIMARY YIELD 6.00 3.00 5.00
PRIMARY PRICE 120.00 110.00 90.00
GOVERNMENT PAYMENTS 0.00 0.00 0.00
SECOND INCOME 0.00 0.00 0.00
GROSS RETURN $720.00 $330.00 $450.00
CASH OPERATING EXPENSES
SEED $88.50 $23.00 $52.00
FERTILIZER $40.00 $42.00 $42.00
CHEMICALS $22.85
CROP INSURANCE
OTHER PURCHASED INPUTS $20.16
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $15.50 $14.39 $18.38 $12.02
FUEL-IRRIGATION $17.43 $98.07 $39.23 $34.87
REPAIRS $14.15 $31.09 $20.96 $16.25
CUSTOM CHARGES
LAND TAXES $2.93 $1.47 $1.47
OTHER EXPENSES $0.40 $116.85 $58.55 $58.44
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TOTAL CASH EXPENSES $135.99 $346.34 $203.58 $217.04
RETURN OVER CASH EXPENSES ($135.99) $373.66 $126.42 $232.96
FIXED EXPENSES $103.26 $249.19 $150.74 $129.55
TOTAL EXPENSES $239.26 $595.53 $354.32 $346.59
NET FARM INCOME ($239.26) $124.47 ($24.32) $103.41
LABOR AND MANAGEMENT COSTS $57.27 $101.81 $65.13 $57.65
NET OPERATING PROFIT ($296.53) $22.66 ($89.45) $45.76
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $6.53 $4.61 $5.48
INTEREST ON EQUIPMENT INVESTMENT $108.20 $75.82 $69.77
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TOTAL CAPITAL COSTS $0.00 $114.73 $80.42 $75.24
RETURN TO LAND AND RISK ($296.53) ($92.08)($169.88) ($29.48)
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