TABLE 5. Grain sorghum, dryland, budgeted per acre costs and returns for an 800 acre farm with above
average management, San Jon-Nara Visa area, Quay County, 2001.
Planting dates: June 1 - July 4
Harvesting dates: October 5 - November 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 16 CWT $48.00
ASCS DEFICIENCY $0.55 16 CWT $8.80
ASCS DIVERSION $0.00 0 CWT $0.00
GRAZING $5.00 1 ACRE $5.00
______
TOTAL $61.80
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ----- ----------- ------ ------
SEED $1.04 3 LBS $2.60 $2.60
HERBICIDE (CUSTOM) $14.36 1 ACRE $14.36 $14.36
CROP INSURANCE $0.13 $0.13 $0.13
SUBTOTAL $17.08 $17.08
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
SWEEP 145 HP 0.10 HR $0.76 $1.26 $0.58 $1.84 $4.44
ROD WEED 96 HP 0.08 HR $0.60 $0.60 $0.12 $0.19 $1.52
LISTER/PLANTER 96 HP 0.18 HR $1.36 $1.36 $2.10 $2.86 $7.68
CULTIVATOR (2X) 96 HP 0.26 HR $1.96 $1.96 $0.70 $1.43 $6.05
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.62 HR $4.68 $5.19 $3.51 $6.32 $19.69
HARVEST OPERATIONS
------- ----------
COMBINE 22 FT 0.14 HR $1.06 $1.64 $3.23 $11.13 $17.06
HAUL 2 TON 0.14 HR $1.06 $1.25 $0.61 $3.24 $6.16
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.28 HR $2.11 $2.88 $3.84 $14.37 $23.21
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.23 HR $1.70 $1.70
EMPLOYEE BENEFITS $1.53 $1.53
INSURANCE $0.14 $0.14
LAND TAXES $0.33 $0.33
SUPERVISION AND MANAGEMENT $4.78 $4.78
OTHER EXPENSES $22.16 $22.16
_________ ______ ______ ______ ______
SUBTOTAL 0.23 HR $22.30 $8.00 $0.33 $30.63
--------- ------ ------ ------ ------ ------ ------
TOTAL OPERATING EXPENSES 1.35 HR $24.90 $14.80 $8.07 $7.36 $21.01 $76.14
NET OPERATING PROFIT ($14.34)
INTEREST ON OPERATING CAPITAL ( $11.28 @ 9.00%) $1.01
INTEREST ON EQUIPMENT INVESTMENT $12.67
RETURN TO LAND AND RISK ($28.02)
=====================================================================================================================
BUDGET SUMMARY
GROSS RETURN $61.80 VARIABLE OPERATING EXPENSES $40.32 RETURN OVER VARIABLE EXPENSES $21.48 (GROSS MARGIN) FIXED EXPENSES $21.01 NET FARM INCOME $0.46 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $14.80 NET OPERATING PROFIT ($14.34) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $13.69 RETURN TO LAND AND RISK ($28.02) ===================================================================================================