TABLE 6. Summary of per acre costs and returns for a 1,000 acre
farm with above average management, Southern Quay
County, 2001.
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GRAIN
WHEAT SORGHUM
DRYLANDSPRINKLER
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BU CWT
PRIMARY YIELD 20.00 50.00
PRIMARY PRICE 3.00 3.00
GOVERNMENT PAYMENTS 9.20 27.50
SECOND INCOME 5.00 0.00
GROSS RETURN $74.20 $177.50
CASH OPERATING EXPENSES
SEED $2.75 $5.20
FERTILIZER $49.20
CHEMICALS $15.53
CROP INSURANCE $0.08 $0.14
OTHER PURCHASED INPUTS
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $9.14 $15.18
FUEL-IRRIGATION $50.85
REPAIRS $4.81 $12.16
CUSTOM CHARGES
LAND TAXES $0.37 $0.93
OTHER EXPENSES $11.01 $20.51
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TOTAL CASH EXPENSES $28.17 $169.70
RETURN OVER CASH EXPENSES $46.03 $7.80
FIXED EXPENSES $20.78 $53.23
TOTAL EXPENSES $48.95 $222.93
NET FARM INCOME $25.25 ($45.43)
LABOR AND MANAGEMENT COSTS $14.83 $38.64
NET OPERATING PROFIT $10.41 ($84.07)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $0.40 $4.86
INTEREST ON EQUIPMENT INVESTMENT $12.59 $28.34
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TOTAL CAPITAL COSTS $12.99 $33.20
RETURN TO LAND AND RISK ($2.58)($117.27)
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