TABLE 7. Grain sorghum, flood irrigated, budgeted per acre costs and returns for a farm with above
average management, Arch Hurley Conservancy District, Quay County, 2001.
Planting dates: May 15 - July 1
Harvesting dates: October 15 - December 15 Grazing dates: November 1 - March 30
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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 $8.00 4.00 AUM $32.00
_______
TOTAL $191.75
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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 $15.23 1 ACRE $15.23 $15.23
CANAL WATER: Assessment $7.00 1 ACRE $7.00 $7.00
Water $7.00 16 AC. IN. $9.33 $9.33
MANURE CREDIT $1.00 4 AUM $4.00 $4.00
CROP INSURANCE $0.30 $0.30 $0.30
SUBTOTAL $84.54 $84.54
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
CHISEL 145 HP 0.15 HR $1.13 $1.90 $0.71 $1.79 $5.53
DISC 145 HP 0.14 HR $1.06 $1.77 $0.79 $1.77 $5.39
FLOAT 145 HP 0.19 HR $1.43 $2.40 $0.76 $1.71 $6.31
DISC & SPRAY 145 HP 0.17 HR $1.28 $2.15 $1.30 $3.35 $8.09
FERT SPREADER 70 HP 0.05 HR $0.38 $0.26 $0.22 $0.57 $1.42
LISTER 145 HP 0.12 HR $0.91 $1.52 $0.64 $1.89 $4.96
PRE-IRRIGATE 0.75 HR $5.06 $5.06
ROD WEED 70 HP 0.08 HR $0.60 $0.41 $0.16 $0.63 $1.80
PLANTER 145 HP 0.17 HR $1.28 $2.15 $1.68 $6.74 $11.86
ROLLING CULT 70 HP 0.13 HR $0.98 $0.67 $0.49 $2.72 $4.86
DITCHER 70 HP 0.05 HR $0.38 $0.26 $0.08 $0.34 $1.06
IRRIGATE (2X) 1.00 HR $6.75 $6.75
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 3.00 HR 0.00 21.25 13.49 6.84 21.52 63.09
HARVEST OPERATIONS
------- ----------
COMBINE 18 FT 0.19 HR $1.43 $1.53 $0.47 $2.96 $6.39
HAUL 2 TON 0.19 HR $1.43 $1.77 $1.53 $8.18 $12.92
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.38 HR $0.00 $2.87 $3.30 $2.00 $11.14 $19.31
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.40 HR $2.98 $2.98
EMPLOYEE BENEFITS $4.34 $4.34
INSURANCE $0.48 $0.48
LAND TAXES $0.81 $0.81
SUPERVISION AND MANAGEMENT $15.96 $15.96
OTHER EXPENSES $31.57 $31.57
_________ ______ ______ ______ ______
SUBTOTAL 0.40 HR $32.05 $23.29 $0.81 $56.14
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 3.78 HR $116.59 $47.41 $16.79 $8.84 $33.47 $223.09
NET OPERATING PROFIT ($31.34)
INTEREST ON OPERATING CAPITAL ( $47.79 @ 9.00%) $4.30
INTEREST ON EQUIPMENT INVESTMENT $19.39
ASCS ACR (SET-ASIDE) ( $0.10 @ $41.33 ) $4.13
RETURN TO LAND AND RISK ($59.16)
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BUDGET SUMMARY
GROSS RETURN $191.75 VARIABLE OPERATING EXPENSES $142.22 RETURN OVER VARIABLE EXPENSES $49.53 (GROSS MARGIN) FIXED EXPENSES $33.47 NET FARM INCOME $16.07 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $47.41 NET OPERATING PROFIT ($31.34) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $27.82 RETURN TO LAND AND RISK ($59.16) ===================================================================================================