Table 13. Summary of per acre costs and returns for an above-average managed farm, Arch Hurley
Conservancy District, Quay County, 2001.
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ASCD ALFALFA ALFALFA GRAIN BERMUDA JOSE WHEATGRASS
DIVERTED EST. HAY WHEAT SORGHUM PASTURE EST. PASTURE
---------------------------------------------FLOOD----------------------
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PRIMARY YIELD 8.30 4.50 40.00 45.00 10.00 14.00
PRIMARY PRICE 12.00 120.00 3.00 3.00 14.00 12.00
GOVERNMENT PAYMENTS 0.00 0.00 18.40 24.75 0.00 0.00
SECOND INCOME 0.00 32.00 48.00 32.00 0.00 0.00
GROSS RETURN $99.62 $572.00 $186.40 $191.75 $140.00 $168.00
CASH OPERATING EXPENSES
SEED $6.60 $56.40 $6.60 $7.28 $26.25
FERTILIZER $49.70 $36.00 $27.40 $45.40 $45.40 $37.26 $36.00 $41.26
CHEMICALS $14.36 $15.23
CROP INSURANCE $0.39 $0.30
OTHER PURCHASED INPUTS $13.88
CANAL WATER $11.67 $4.67 $21.00 $16.33 $16.33 $17.50 $4.67 $21.00
FUEL, OIL & LUBRICANTS-EQUIPMENT $11.84 $9.03 $18.85 $14.62 $16.79 $1.03 $9.55 $1.03
FUEL-IRRIGATION
REPAIRS $5.12 $4.01 $13.56 $6.96 $8.84 $0.45 $4.16 $0.45
CUSTOM CHARGES $0.00 $0.00 $0.00
LAND TAXES $0.81 $0.81 $0.81 $0.81 $0.81
OTHER EXPENSES $0.34 $0.29 $32.21 $32.10 $32.05 $31.80 $0.28 $31.87
________ ________ ________ ________ ________ ________ ________ ________
TOTAL CASH EXPENSES $85.27 $110.41 $127.71 $137.57 $143.03 $88.85 $80.91 $96.42
RETURN OVER CASH EXPENSES $14.35 ($110.41) $444.29 $48.83 $48.72 $51.15 ($80.91) $71.58
FIXED EXPENSES $14.48 $10.98 $70.28 $24.13 $32.65 $1.16 $11.23 $15.33
TOTAL EXPENSES $99.75 $121.39 $197.99 $161.71 $175.68 $90.01 $92.14 $111.76
NET FARM INCOME ($0.13)($121.39) $374.01 $24.69 $16.07 $49.99 ($92.14) $56.24
LABOR AND MANAGEMENT COSTS $31.07 $30.09 $83.96 $49.29 $47.41 $25.48 $27.34 $31.83
NET OPERATING PROFIT ($31.21)($151.47) $290.05 ($24.60) ($31.34) $24.51 ($119.48) $24.41
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $3.44 $3.07 $4.14 $4.30 $2.50 $2.84
INTEREST ON EQUIPMENT INVESTMENT $6.68 $29.79 $14.56 $19.39 $0.86 $0.86
ASCS ACR (SET ASIDE) $4.13 $4.13
________ ________ ________ ________ ________ ________ ________ ________
TOTAL CAPITAL COSTS $10.12 $0.00 $32.86 $22.84 $27.82 $3.36 $0.00 $3.69
RETURN TO LAND AND RISK ($41.33)($151.47) $257.20 ($47.44) ($59.16) $21.15 ($119.48) $20.72
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