TABLE 11. ASCS diverted land, flood irrigated, budgeted per acre costs and returns for a farm with above
average management, Arch Hurley Conservancy District, Quay County, 1998.
Planting dates: August 15 - September 15
Harvesting dates: (with ASCS) November 1 - April 15
Harvesting dates: (without ASCS) November 1 - May 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
ASCS DIVERTED (WHEAT) $12.00 8.30 AUM $99.62
________
TOTAL $99.62
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ----------- ------ ------
SEED $0.11 60 LBS $6.60 $6.60
NITROGEN (N) $0.42 80 LBS $33.60 $33.60
PHOSPHATE (P205) $0.39 20 LBS $7.80 $7.80
CANAL WATER: Assessment $7.00 1 ACRE $7.00 $7.00
Water $7.00 8 AC. IN. $4.67 $4.67
MANURE $1.00 8.30 AUM $8.30 $8.30
______ ______
SUBTOTAL $67.97 $67.97
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- ------
CHISEL 126 HP 0.15 HR $1.13 $1.90 $0.71 $1.79 $5.53
DISC (2X) 126 HP 0.28 HR $2.11 $3.54 $1.59 $3.54 $10.78
FLOAT 126 HP 0.19 HR $1.43 $2.40 $0.76 $1.71 $6.31
FERT SPREADER 70 HP 0.05 HR $0.38 $0.26 $0.22 $0.57 $1.42
PRE-IRRIGATE 0.75 HR $5.06 $5.06
LISTER 126 HP 0.12 HR $0.91 $1.52 $0.64 $1.89 $4.96
HARROW 70 HP 0.10 HR $0.76 $0.52 $0.15 $0.25 $1.67
DRILL 70 HP 0.18 HR $1.36 $0.93 $0.80 $2.91 $6.00
DITCHER 70 HP 0.05 HR $0.38 $0.78 $0.25 $1.01 $2.41
IRRIGATE (1X) 0.50 HR $3.38 $3.38
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 2.37 HR $0.00 $16.89 $11.84 $5.12 $13.67 $47.53
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.27 HR $2.02 $2.02
EMPLOYEE BENEFITS $3.04 $3.04
INSURANCE $0.34 $0.34
LAND TAXES $0.81 $0.81
SUPERVISION AND MANAGEMENT $9.12 $9.12
OTHER EXPENSES $0.00
_________ ______ ______ ______ ______
SUBTOTAL 0.27 HR $0.34 $14.18 $0.81 $15.33
--------- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 2.64 HR $68.31 $31.07 $11.84 $5.12 $14.48 $130.82
NET OPERATING PROFIT ($31.21)
INTEREST ON OPERATING CAPITAL ( $38.22 @ 9.00%) $3.44
INTEREST ON EQUIPMENT INVESTMENT $6.68
RETURN TO LAND AND RISK ($41.33)
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BUDGET SUMMARY
GROSS RETURN $99.62 VARIABLE OPERATING EXPENSES $85.27 RETURN OVER VARIABLE EXPENSES $14.35 (GROSS MARGIN) FIXED EXPENSES $14.48 NET FARM INCOME ($0.13) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $31.07 NET OPERATING PROFIT ($31.21) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $10.12 RETURN TO LAND AND RISK ($41.33) ===================================================================================================