TABLE 6. Oats for hay, sprinkler-irrigated, budgeted per acre costs and returns for a 50 acre part-time farm,
Tularosa Basin, Otero County, 2001.
Planting dates: September 1 - November 1
Harvesting dates: April 15 - May 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
OATS FOR HAY $110.00 3.00 TONS (STACKED) $330.00
______
TOTAL $330.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- ------ ------ ------
OAT SEED $0.23 100 LBS $23.00 $23.00
NITROGEN (N) $0.42 100 LBS $42.00 $42.00
PUMP WATER* 18 AC. IN.
______ ______
SUBTOTAL $65.00 $65.00
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
DISC 50 HP 0.39 HR $2.63 $1.97 $1.52 $6.99 $13.11
PLOW 50 HP 1.05 HR $7.09 $5.30 $3.79 $19.34 $35.52
DISC (2X) 50 HP 0.78 HR $5.27 $3.94 $3.04 $13.98 $26.23
FLOAT (2X) 50 HP 0.64 HR $4.32 $3.23 $2.12 $9.40 $19.07
DRILL 50 HP 0.21 HR $1.42 $1.06 $0.91 $35.04 $38.44
IRRIGATE (4X) 2.00 HR $12.90 $39.23 $6.71 $48.47 $107.31
_________ ______ ______ ______ ______ ______
SUBTOTAL 5.07 HR $33.62 $54.73 $18.10 $133.23 $239.68
HARVEST OPERATIONS
------- ----------
SWATHER 14 FT 0.16 HR $1.08 $0.81 $0.32 $7.40 $9.62
BALER, PTO 50 HP 0.21 HR $1.42 $1.06 $0.89 $4.04 $7.41
BALE WAGON 50 HP 0.20 HR $1.35 $1.01 $1.65 $6.06 $10.08
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.57 HR $3.85 $2.88 $2.86 $17.51 $27.10
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.91 HR $6.14 $6.14
EMPLOYEE BENEFITS $4.50 $4.50
FARM INSURANCE $0.45 $0.45
LAND TAXES $1.47 $1.47
SUPERVISION AND MANAGEMENT $17.02 $17.02
OTHER EXPENSES $58.10 $58.10
_________ ______ ______ ______ ______
SUBTOTAL 0.91 HR $58.55 $27.66 $1.47 $87.67
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 6.55 HR $123.55 $65.13 $57.61 $20.96 $152.21 $419.45
NET OPERATING PROFIT ($89.45)
INTEREST ON OPERATING CAPITAL ( $51.18 @ 9.00%) $4.61
INTEREST ON EQUIPMENT INVESTMENT $75.82
RETURN TO LAND AND RISK ($169.88)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $330.00
VARIABLE OPERATING EXPENSES $206.72
RETURN OVER VARIABLE EXPENSES $123.28 (GROSS MARGINS)
FIXED EXPENSES $152.21
NET FARM INCOME ($28.93) (RETURNS TO CAPITAL, LABOR, LAND & RISK)
LABOR AND MANAGEMENT COST $65.13
NET OPERATING PROFIT ($94.06) (RETURNS TO CAPITAL, LAND & RISK)
CAPITAL COSTS $75.82
RETURN TO LAND AND RISK ($169.88)
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