TABLE 5. Alfalfa hay, sprinkler-irrigated, budgeted per acre costs and returns for a 600 acre farm with above
average management, Arch Hurley Conservancy District, Quay County, 2001.
Harvesting dates: May 25 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
ALFALFA HAY $120.00 4.50 TONS (STACKED) $540.00
GRAZING $48.00 1.00 ACRE $48.00
_______
TOTAL $588.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- ------ ------ ------
PHOSPHATE (P205) $0.39 60 LBS $23.40 $23.40
WIRE $0.36 39 LBS $13.88 $13.88
ESTABLISHMENT: Principal 8 YEARS $17.97 $17.97
: Interest $7.48 $7.48
CANAL WATER: Assessment $7.00 1 ACRE $7.00 $7.00
Water $7.00 24 AC. IN. $14.00 $14.00
______ ______ _______
SUBTOTAL $58.28 $25.46 $83.74
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ------ ------ ------- ------ -------
FERT SPREADER 70 HP 0.05 HR $0.38 $0.26 $0.22 $0.57 $1.43
IRRIGATE 1.20 HR $8.10 $30.05 $5.38 $6.04 $49.57
_________ ______ ______ ______ ______ _______
SUBTOTAL 1.25 HR $8.48 $30.31 $5.61 $6.61 $51.00
HARVEST OPERATIONS
------- ----------
SWATHER (4X) 16 FT 0.44 HR $3.32 $2.31 $3.51 $14.91 $24.05
BALER (4X) 70 HP 0.84 HR $6.34 $4.35 $1.29 $2.87 $14.84
BALE WAGON, PTO (4X) 145 HP 0.80 HR $6.04 $10.11 $3.94 $9.73 $29.82
_________ _________ ______ ______ ______ ______ ______
SUBTOTAL 2.08 HR $0.00 $15.70 $16.77 $8.73 $27.51 $68.71
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.83 HR $6.29 $6.29
EMPLOYEE BENEFITS $5.48 $5.48
INSURANCE $0.08 $0.08
LAND TAXES $0.81 $0.81
SUPERVISION AND MANAGEMENT $43.24 $43.24
OTHER EXPENSES $32.45 $32.45
_________ ______ ______ ______ ______
SUBTOTAL 0.83 HR $32.53 $55.01 $0.81 $88.35
--------- ------ ------ ------ ------ ------- -------
TOTAL OPERATING EXPENSES 4.16 HR $90.82 $79.19 $47.08 $14.34 $60.39 $291.81
NET OPERATING PROFIT $296.19
INTEREST ON OPERATING CAPITAL ( $40.24 @ 9.00%) $3.62
INTEREST ON EQUIPMENT INVESTMENT $26.29
RETURN TO LAND AND RISK $266.28
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BUDGET SUMMARY
GROSS RETURN $588.00 VARIABLE OPERATING EXPENSES $152.23 RETURN OVER VARIABLE EXPENSES $435.77 (GROSS MARGIN) FIXED EXPENSES $60.39 NET FARM INCOME $375.38 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $79.19 NET OPERATING PROFIT $296.19 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $29.91 RETURN TO LAND AND RISK $266.28 ===================================================================================================