TABLE 5. Grain sorghum, sprinkler-irrigated, budgeted per acre costs and returns for a 1,000 acre farm with above
average management, Southern Quay County, 2001.
Planting dates: June 15 - July 15
Harvesting dates: September 20 - October 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 50.00 CWT $150.00
ASCS DIVERSION $0.00 0.00 CWT $0.00
ASCS DEFICIENCY $0.55 50.00 CWT $27.50
_______
TOTAL $177.50
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ -------
SEED $1.04 5 LBS $5.20 $5.20
NITROGEN (N) $0.42 80 LBS $33.60 $33.60
PHOSPHATE (P205) $0.39 40 LBS $15.60 $15.60
HERBICIDE $15.53 1 ACRE $15.53 $15.53
PUMP WATER 12 AC. IN.
CROP INSURANCE $0.14 $0.14 $0.14
______ ______
SUBTOTAL $70.07 $70.07
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
SWEEP 185 HP 0.08 HR $0.60 $1.16 $0.70 $1.82 $4.29
DISC (2X) 185 HP 0.22 HR $1.66 $3.20 $2.11 $6.09 $13.06
SPRAYER 126 HP 0.06 HR $0.45 $0.59 $0.34 $0.77 $2.16
LISTER 185 HP 0.12 HR $0.91 $1.74 $0.93 $3.00 $6.58
ROD WEED & PLANTER 185 HP 0.18 HR $1.36 $2.62 $2.77 $5.81 $12.55
CULTIVATOR (2X) 126 HP 0.26 HR $1.96 $2.57 $1.42 $1.92 $7.88
IRRIGATE (12X) 1.20 HR $8.10 $50.85 $3.89 $21.32 $84.16
_________ ______ ______ ______ ______ ______
SUBTOTAL 2.12 HR $15.05 $62.74 $12.16 $40.74 $130.68
HARVEST OPERATIONS
------- ----------
COMBINE 22 FT 0.16 $1.21 $1.87 $0.00 $9.78 $12.86
HAUL 2 TON 0.16 $1.21 $1.42 $0.00 $2.71 $5.34
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.32 HR $2.42 $3.29 $0.00 $12.49 $18.20
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.61 HR $4.61 $4.61
EMPLOYEE BENEFITS $3.14 $3.14
INSURANCE $0.35 $0.35
LAND TAXES $0.93 $0.93
SUPERVISION AND MANAGEMENT $13.43 $13.43
OTHER EXPENSES $20.17 $20.17
_________ ______ ______ ______ ______
SUBTOTAL 0.61 HR $20.51 $21.17 $0.93 $42.62
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 2.73 HR $90.58 $38.64 $66.03 $12.16 $54.17 $261.57
NET OPERATING PROFIT ($84.07)
INTEREST ON OPERATING CAPITAL ( $54.03 @ 9.00%) $4.86
INTEREST ON EQUIPMENT INVESTMENT $28.34
RETURN TO LAND AND RISK ($117.27)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $177.50 VARIABLE OPERATING EXPENSES $168.77 RETURN OVER VARIABLE EXPENSES $8.73 (GROSS MARGIN) FIXED EXPENSES $54.17 NET FARM INCOME ($45.43) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $38.64 NET OPERATING PROFIT ($84.07) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $33.20 RETURN TO LAND AND RISK ($117.27) ===================================================================================================