TABLE 7. Sorghum-sudan hay, sprinkler-irrigated, budgeted per acre costs and returns for a 50 acre part-time farm,
Tularosa Basin, Otero County, 2001.
Planting dates: May 1 - June 1
Harvesting dates: June 1 - August 1
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
SORGHUM/SUDAN HAY $90.00 5.00 TONS (STACKED) $450.00
______
TOTAL $450.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- ------ ------ ------
SEED $1.04 50 LBS $52.00 $52.00
NITROGEN (N) $0.42 100 LBS $42.00 $42.00
PUMP WATER* 16 AC. IN.
______ ______
SUBTOTAL $94.00 $94.00
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
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 $34.87 $5.96 $43.09 $96.82
_________ ______ ______ ______ ______ ______
SUBTOTAL 3.24 HR $21.27 $41.13 $10.52 $94.52 $167.44
HARVEST OPERATIONS
------- ----------
SWATHER (2X) 14 FT 0.32 HR $2.16 $1.62 $0.65 $14.81 $19.23
BALER, PTO (2X) 50 HP 0.42 HR $2.84 $2.12 $1.77 $8.09 $14.82
BALE WAGON (2X) 50 HP 0.40 HR $2.70 $2.02 $3.30 $12.13 $20.15
_________ ______ ______ ______ ______ ______
SUBTOTAL 1.14 HR $7.70 $5.76 $5.73 $35.02 $54.20
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.60 HR $4.02 $4.02
EMPLOYEE BENEFITS $3.48 $3.48
FARM INSURANCE $0.35 $0.35
LAND TAXES $1.47 $1.47
SUPERVISION AND MANAGEMENT $21.19 $21.19
OTHER EXPENSES $58.10 $58.10
_________ ______ ______ ______ ______
SUBTOTAL 0.60 HR $58.44 $28.68 $1.47 $88.59
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 4.98 HR $152.44 $57.65 $46.89 $16.25 $131.02 $404.24
NET OPERATING PROFIT $45.76
INTEREST ON OPERATING CAPITAL ( $60.87 @ 9.00%) $5.48
INTEREST ON EQUIPMENT INVESTMENT $69.77
RETURN TO LAND AND RISK ($29.48)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $450.00
VARIABLE OPERATING EXPENSES $221.06
RETURN OVER VARIABLE EXPENSES $228.94 (GROSS MARGINS)
FIXED EXPENSES $131.02
NET FARM INCOME $97.93 (RETURNS TO CAPITAL, LABOR, LAND & RISK)
LABOR AND MANAGEMENT COST $57.65
NET OPERATING PROFIT $40.28 (RETURNS TO CAPITAL, LAND & RISK)
CAPITAL COSTS $69.77
RETURN TO LAND AND RISK ($29.48)
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