TABLE 7. Corn for grain, sprinkler-irrigated, budgeted per acre costs and returns for a 960 acre farm with above
average management, Blackwater Draw area, Roosevelt County, 2001.
Planting Dates: April 25 - May 30
Harvest Dates: November 1 - November 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
CORN FOR GRAIN $3.57 100.00 CWT $357.00
ASCS DEFICIENCY $0.46 100.00 CWT $46.00
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $15.00 1.00 ACRE $15.00
_______
TOTAL $418.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ -------
SEED $0.98 24 000 $23.55 $23.55
NITROGEN (N) $0.42 250 LBS $105.00 $105.00
PHOSPHATE (P205) $0.39 80 LBS $31.20 $31.20
POTASH (K20) $0.125 40 LBS $5.00 $5.00
TRACE ELEMENTS $14.64 1 X/ACRE $14.64 $14.64
HERBICIDE $20.24 1 X/ACRE $20.24 $20.24
INSECTICIDE (CUSTOM) $23.50 1 X/ACRE $23.50 $23.50
PUMP WATER* 30 AC. IN.
CROP INSURANCE $0.31 $0.31 $0.31
SUBTOTAL $223.43 $223.43
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
DISC (2X) 185 HP 0.18 HR $1.36 $2.62 $2.35 $2.66 $8.99
PLOW 185 HP 0.29 HR $2.19 $4.21 $3.64 $4.03 $14.08
CHISEL (2X) 185 HP 0.20 HR $1.51 $2.91 $2.51 $2.78 $9.71
FERT SPREADER 140 HP 0.05 HR $0.38 $0.55 $0.46 $0.38 $1.77
PRE-IRRIGATE (3X) 0.30 HR $2.03 $21.11 $3.18 $8.21 $34.53
LISTER (3X) 185 HP 0.27 HR $2.04 $3.92 $3.11 $3.32 $12.39
ROD WEED 185 HP 0.08 HR $0.60 $1.16 $0.82 $1.20 $3.79
PLANTER 185 HP 0.12 HR $0.91 $1.74 $2.37 $3.75 $8.77
SAND FURROW (5X) 140 HP 0.50 HR $3.78 $5.50 $5.51 $5.49 $20.27
IRRIGATE (12X) 1.20 HR $8.10 $84.45 $12.72 $32.84 $138.11
_________ ______ ______ ______ ______ ______
SUBTOTAL 3.19 HR $22.88 $128.17 $36.68 $64.65 $252.39
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $35.00 $35.00
HAUL (CUSTOM) $18.00 $18.00
______ ______
SUBTOTAL $53.00 $53.00
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.41 HR $3.10 $3.10
EMPLOYEE BENEFITS $4.12 $4.12
INSURANCE $0.46 $0.46
LAND TAXES $0.63 $0.63
SUPERVISION AND MANAGEMENT $31.61 $31.61
OTHER EXPENSES $34.51 $34.51
_________ ______ ______ ______ ______
SUBTOTAL 0.41 HR $34.97 $38.82 $0.63 $74.42
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 3.60 HR $311.41 $61.70 $128.17 $36.68 $65.29 $603.25
NET OPERATING PROFIT ($185.25)
INTEREST ON OPERATING CAPITAL ( $157.35 @ 9.00%) $14.16
INTEREST ON EQUIPMENT INVESTMENT $18.76
RETURN TO LAND AND RISK ($218.17)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $418.00 VARIABLE OPERATING EXPENSES $476.26 RETURN OVER VARIABLE EXPENSES ($58.26) (GROSS MARGIN) FIXED EXPENSES $65.29 NET FARM INCOME ($123.55) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $61.70 NET OPERATING PROFIT ($185.25) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $32.92 RETURN TO LAND AND RISK ($218.17) ===================================================================================================