Table 14. Whole Farm Summary, Arch Hurley Conservancy District,
Quay County, 2001.
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GROSS RETURNS
ALFALFA HAY 100 ACRES
CROP $51,240
GRAZING 3200
WHEAT 128 ACRES
CROP $15,360
GRAZING $6,144
ASCS DEFICIENCY $2,355
ASCS DIVERSION $0
GRAIN SORGHUM 165 ACRES
CROP $22,275
GRAZING $5,280
ASCS DEFICIENCY $2,970
ASCS DIVERSION $0
BERMUDAGRASS 100 ACRES
CROP $14,000
JOSE WHEATGRASS 100 ACRES
CROP $16,800
ASCS DIVERSION 8 ACRES 747.12
LIVESTOCK $157,232
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GROSS RETURN $297,603
CASH OPERATING EXPENSES
FORAGE 42147.12
FEED AND LIVESTOCK 14216.28
SEED $3,396
FERTILIZER $25,347
CHEMICALS $4,350
CROP INSURANCE $100
OTHER PURCHASED INPUTS $1,388
CANAL WATER $10,963
FUEL, OIL & LUBRICANTS-EQUIPMENT $7,101
FUEL-IRRIGATION $0
REPAIRS $3,956
CUSTOM CHARGES $0
LAND TAXES $481
OTHER EXPENSES $22,999
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TOTAL CASH EXPENSES $136,444
RETURN OVER CASH EXPENSES $161,159
FIXED EXPENSES $15,714
TOTAL EXPENSES $152,158
NET FARM INCOME $145,445
LABOR AND MANAGEMENT COSTS $38,791
NET OPERATING PROFIT $106,654
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $2,106
INTEREST ON EQUIPMENT INVESTMENT $8,264
INTEREST ON LIVESTOCK ENTERPRISE $34,017
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TOTAL CAPITAL COSTS $44,386
RETURN TO LAND AND RISK $62,267
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TOTAL RETURN RETURN ON
LAND VALUE INVESTMENT TO RISK* INVESTMENT**
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$200 /ACRE $542,687 $57,147 19.65%
$300 /ACRE 606,687 54,587 17.58%
$400 /ACRE 670,687 52,027 15.90%
$500 /ACRE 734,687 49,467 14.52%
$600 /ACRE 798,687 46,907 13.35%
$700 /ACRE 862,687 44,347 12.36%
$800 /ACRE 926,687 41,787 11.51%
$900 /ACRE 990,687 39,227 10.77%
$1,000 /ACRE ********* 36,667 10.11%
$1,100 /ACRE ********* 34,107 9.53%
$1,200 /ACRE ********* 31,547 9.02%
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* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L