TABLE 5. Whole farm summary, Southeastern Quay County, 2001.
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GROSS RETURNS
WHEAT 1,280 ACRES
CROP $76,800
GRAZING $6,400
ASCS DEFICIENCY $10,010
ASCS DIVERSION $0
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GROSS RETURN $93,210
CASH OPERATING EXPENSES
SEED $3,520
FERTILIZER $0
CHEMICALS $0
CROP INSURANCE $50
OTHER PURCHASED INPUTS $112
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $8,374
FUEL-IRRIGATION $0
REPAIRS $6,918
CUSTOM CHARGES $0
LAND TAXES $401
OTHER EXPENSES $23,063
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TOTAL CASH EXPENSES $42,438
RETURN OVER CASH EXPENSES $50,772
FIXED EXPENSES $21,636
TOTAL EXPENSES $64,074
NET FARM INCOME $29,136
LABOR AND MANAGEMENT COSTS $11,889
NET OPERATING PROFIT $17,247
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $391
INTEREST ON EQUIPMENT INVESTMENT $13,048
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TOTAL CAPITAL COSTS $13,439
RETURN TO LAND AND RISK $3,809
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$150 /ACRE ($7,711) 3.89%
$300 /ACRE ($19,231) 2.36%
$450 /ACRE ($30,751) 1.69%
$600 /ACRE ($42,271) 1.32%
$750 /ACRE ($53,791) 1.08%
$900 /ACRE ($65,311) 0.92%
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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