TABLE 7. Summary of per acre costs and returns for an 800 acre farm with above
average management, San Jon-Nara Visa area, Quay County, 2001.
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ALFALFA ALFALFA GRAIN
ESTABLISHMENT HAY SORGHUM WHEAT
--------------DRYLAND---------------
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TONS CWT BU
PRIMARY YIELD 1.50 16.00 15.00
PRIMARY PRICE 110.00 3.00 3.00
GOVERNMENT PAYMENTS 0.00 8.80 6.90
SECOND INCOME 12.00 5.00 2.00
GROSS RETURN $177.00 $61.80 $53.90
CASH OPERATING EXPENSES
SEED $29.50 $2.60 $2.75
FERTILIZER $3.30
CHEMICALS
CROP INSURANCE $0.13 $0.15
OTHER PURCHASED INPUTS $0.04 $4.80 $0.14 $0.12
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $2.55 $7.27 $8.07 $8.87
FUEL-IRRIGATION
REPAIRS $1.07 $1.94 $7.36 $6.52
CUSTOM CHARGES $4.50 $0.00
LAND TAXES $0.33 $0.33 $0.33
OTHER EXPENSES $22.16 $22.16 $22.16
________ ________ ________ ________
TOTAL CASH EXPENSES $40.96 $36.49 $40.77 $40.90
RETURN OVER CASH EXPENSES ($40.96) $140.51 $21.03 $13.00
FIXED EXPENSES $3.45 $45.21 $20.69 $23.75
TOTAL EXPENSES $44.41 $81.70 $61.46 $64.65
NET FARM INCOME ($44.41) $95.30 $0.34 ($10.75)
LABOR AND MANAGEMENT COSTS $6.33 $24.93 $14.80 $10.29
NET OPERATING PROFIT ($50.74) $70.37 ($14.46) ($21.04)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $0.28 $1.01 $0.38
INTEREST ON EQUIPMENT INVESTMENT $30.64 $12.67 $14.21
________ ________ ________ ________
TOTAL CAPITAL COSTS $0.00 $30.91 $13.69 $14.59
RETURN TO LAND AND RISK ($50.74) $39.46 ($28.15) ($35.63)
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