TABLE 9. Whole farm summary, Arch Hurley Conservancy District,
Quay County, 2001.
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GROSS RETURNS
ALFALFA HAY 200 ACRES
CROP $108,000
GRAZING $9,600
GRAIN SORGHUM 230 ACRES
CROP $31,050
GRAZING $11,040
ASCS DEFICIENCY $5,693
ASCS DEFICIENCY $0
WHEAT 170 ACRES
CROP $20,400
GRAZING $8,160
ASCS DEFICIENCY $2,024
ASCS DIVERSION $0
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GROSS RETURN $195,967
CASH OPERATING EXPENSES
SEED $4,206
FERTILIZER $22,140
CHEMICALS $5,744
CROP INSURANCE $100
OTHER PURCHASED INPUTS $2,820
CANAL WATER $10,693
FUEL, OIL & LUBRICANTS-EQUIPMENT $8,681
FUEL-IRRIGATION $13,935
REPAIRS $19,010
CUSTOM CHARGES $0
LAND TAXES $487
OTHER EXPENSES $19,471
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TOTAL CASH EXPENSES $107,286
RETURN OVER CASH EXPENSES $88,680
FIXED EXPENSES $26,056
TOTAL EXPENSES $133,342
NET FARM INCOME $62,625
LABOR AND MANAGEMENT COSTS $31,239
NET OPERATING PROFIT $31,385
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $2,593
INTEREST ON EQUIPMENT INVESTMENT $15,684
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TOTAL CAPITAL COSTS $18,276
RETURN TO LAND AND RISK $13,109
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$200 /ACRE $8,309 11.05%
$400 /ACRE $3,509 7.77%
$600 /ACRE ($1,291) 5.99%
$800 /ACRE ($6,091) 4.87%
$1,000 /ACRE ($10,891) 4.11%
$1,200 /ACRE ($15,691) 3.55%
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* RETURN TO LAND AND RISK MINUS (INEREST RATTIMES LAND VALUE TIMES ACREAGE)
** NET OPERATING PROFIT DIVIDED BY (ACHINERY ND EQUIPMENT VALUE PLUS LAND VALUE)