TABLE 8. Summary of per acre costs and returns for a 600 acre farm with above
average management, Arch Hurley Conservancy District, Quay County, 2001
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ALFALFA ALFALFA GRAIN
ESTABLISHMENT HAY SORGHUM WHEAT
-------------SPRINKLER--------------
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TONS CWT BU
PRIMARY YIELD 4.50 45.00 40.00
PRIMARY PRICE 120.00 3.00 3.00
GOVERNMENT PAYMENTS 0.00 24.75 18.40
SECOND INCOME 48.00 48.00 48.00
GROSS RETURN $588.00 $207.75 $186.40
CASH OPERATING EXPENSES
SEED $56.40 $7.28 $6.60
FERTILIZER $36.00 $23.40 $41.40 $41.40
CHEMICALS $14.36 $14.36
CROP INSURANCE $0.22 $0.29
OTHER PURCHASED INPUTS $13.97 $0.08 $0.05
CANAL WATER $3.50 $21.00 $17.50 $14.00
FUEL, OIL & LUBRICANTS-EQUIPMENT $6.37 $17.03 $13.38 $12.00
FUEL-IRRIGATION $7.51 $30.05 $22.54 $15.02
REPAIRS $5.00 $14.34 $41.39 $38.22
CUSTOM CHARGES $0.00
LAND TAXES $0.81 $0.81 $0.81
OTHER EXPENSES $0.02 $32.45 $32.45 $32.45
________ ________ ________ ________
TOTAL CASH EXPENSES $114.81 $153.04 $191.40 $175.21
RETURN OVER CASH EXPENSES ($114.81) $434.96 $16.35 $11.19
FIXED EXPENSES $9.37 $59.58 $46.49 $40.05
TOTAL EXPENSES $124.18 $212.62 $237.89 $215.26
NET FARM INCOME ($124.18) $375.38 ($30.14) ($28.86)
LABOR AND MANAGEMENT COSTS $19.62 $79.19 $44.20 $27.92
NET OPERATING PROFIT ($143.80) $296.19 ($74.34) ($56.77)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $3.62 $4.86 $4.41
INTEREST ON EQUIPMENT INVESTMENT $26.29 $27.70 $23.86
________ ________ ________ ________
TOTAL CAPITAL COSTS $0.00 $29.91 $32.56 $28.27
RETURN TO LAND AND RISK ($143.80) $266.28 ($106.90) ($85.04)
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