TABLE 7. Whole farm summary, Southern Quay County, 2001.
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GROSS RETURNS
WHEAT 608 ACRES
CROP $36,465
GRAZING $3,039
ASCS DEFICIENCY $5,591
ASCS DIVERSION $0
GRAIN SORGHUM 357 ACRES
CROP $53,588
ASCS DIVERSION $0
ASCS DEFICIENCY $5,844
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GROSS RETURN $104,526
CASH OPERATING EXPENSES
SEED $3,529
FERTILIZER $17,577
CHEMICALS $5,547
CROP INSURANCE $100
OTHER PURCHASED INPUTS $0
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $10,977
FUEL-IRRIGATION $18,166
REPAIRS $7,269
CUSTOM CHARGES $0
LAND TAXES $557
OTHER EXPENSES $14,023
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TOTAL CASH EXPENSES $77,746
RETURN OVER CASH EXPENSES $26,781
FIXED EXPENSES $31,649
TOTAL EXPENSES $109,395
NET FARM INCOME ($4,869)
LABOR AND MANAGEMENT COSTS $22,816
NET OPERATING PROFIT ($27,685)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1,979
INTEREST ON EQUIPMENT INVESTMENT $17,779
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TOTAL CAPITAL COSTS $19,758
RETURN TO LAND AND RISK ($47,443)
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$150 /ACRE ($53,443) -7.41%
$300 /ACRE ($59,443) -5.29%
$450 /ACRE ($65,443) -4.11%
$600 /ACRE ($71,443) -3.36%
$750 /ACRE ($77,443) -2.84%
$900 /ACRE ($83,443) -2.46%
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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