TABLE 6. Grain sorghum, sprinkler-irrigated, budgeted per acre costs and returns for a 600 acre farm with above
average management, Arch Hurley Conservancy District, Quay County, 2001.
Planting dates: May 15 - July 1
Harvesting dates: October 15 - December 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 45.00 CWT $135.00
ASCS DEFICIENCY $0.55 45.00 CWT $24.75
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $48.00 1.00 ACRE $48.00
______
TOTAL $207.75
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ----------- ------ ------
SEED $1.04 7 LBS $7.28 $7.28
NITROGEN (N) $0.42 80 LBS $33.60 $33.60
PHOSPHATE (P205) $0.39 20 LBS $7.80 $7.80
HERBICIDE (CUSTOM) $14.36 1 ACRE $14.36 $14.36
CANAL WATER: Assessment $7.00 1 ACRE $7.00 $7.00
Water $7.00 18 AC. IN. $10.50 $10.50
CROP INSURANCE $0.22 $0.22 $0.22
SUBTOTAL $80.76 $80.76
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
SWEEP 145 HP 0.08 HR $0.60 $1.01 $0.64 $1.99 $4.25
DISC 145 HP 0.14 HR $1.06 $1.77 $0.92 $1.43 $5.18
FLOAT 145 HP 0.19 HR $1.43 $2.40 $0.97 $1.40 $6.21
DISC & SPRAY 145 HP 0.17 HR $1.28 $2.15 $1.53 $2.60 $7.56
FERT SPREADER 70 HP 0.05 HR $0.38 $0.26 $0.22 $0.57 $1.43
ROD WEED 145 HP 0.08 HR $0.60 $1.01 $0.43 $0.92 $2.97
PLANTER 70 HP 0.17 HR $1.28 $0.88 $1.50 $4.01 $7.68
CULTIVATOR 70 HP 0.13 HR $0.98 $0.67 $0.43 $1.66 $3.75
IRRIGATE (12X) 1.20 HR $8.10 $22.54 $4.04 $4.53 $39.20
_________ ______ ______ ______ ______ ______
SUBTOTAL 2.21 HR $15.73 $32.69 $10.70 $19.12 $78.23
HARVEST OPERATIONS
------- ----------
COMBINE 18 FT 0.19 HR $1.43 $1.53 $26.02 $21.38 $50.37
HAUL 2T 0.19 HR $1.43 $1.69 $4.68 $5.99 $13.79
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.38 HR $2.87 $3.22 $30.70 $27.38 $64.16
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.65 HR $4.89 $4.89
EMPLOYEE BENEFITS $4.23 $4.23
INSURANCE $0.08 $0.08
LAND TAXES $0.81 $0.81
SUPERVISION AND MANAGEMENT $16.49 $16.49
OTHER EXPENSES $32.45 $32.45
_________ ______ ______ ______ ______
SUBTOTAL 0.65 HR $32.53 $25.60 $0.81 $58.94
--------- ------ ------ ------ ------ ------ ------
TOTAL OPERATING EXPENSES 3.89 HR $113.28 $44.20 $35.91 $41.39 $47.30 $282.09
NET OPERATING PROFIT ($74.34)
INTEREST ON OPERATING CAPITAL ( $54.05 @ 9.00%) $4.86
INTEREST ON EQUIPMENT INVESTMENT $27.70
RETURN TO LAND AND RISK ($106.90)
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BUDGET SUMMARY
GROSS RETURN $207.75 VARIABLE OPERATING EXPENSES $190.59 RETURN OVER VARIABLE EXPENSES $17.16 (GROSS MARGIN) FIXED EXPENSES $47.30 NET FARM INCOME ($30.14) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $44.20 NET OPERATING PROFIT ($74.34) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $32.56 RETURN TO LAND AND RISK ($106.90) ===================================================================================================