TABLE 9. Summary of per acre costs and returns for a 960 acre farm with above
average management, Blackwater Draw area, Roosevelt County, 2001.
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ALFALFA ALFALFA
ESTABLISHMENT HAY WHEAT CORN PEANUTS
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TONS BU CWT LBS
PRIMARY YIELD 6.00 60.00 100.00 2,600.00
PRIMARY PRICE 120.00 3.00 3.57 $0.27
GOVERNMENT PAYMENTS 0.00 27.60 46.00 $0.00
SECOND INCOME 50.00 0.00 15.00 $0.00
GROSS RETURN $770.00 $207.60 $418.00 $712.40
CASH OPERATING EXPENSES
SEED $59.00 $13.20 $23.55 $85.00
FERTILIZER $40.20 $58.50 $66.00 $155.84 $64.65
CHEMICALS $35.23 $19.07 $43.74 $140.79
CROP INSURANCE $0.24 $0.31
OTHER PURCHASED INPUTS $40.61
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $10.57 $27.97 $0.00 $22.61 $37.33
FUEL-IRRIGATION $31.67 $105.56 $63.34 $105.56 $98.40
REPAIRS $14.47 $43.30 $9.54 $36.68 $69.35
CUSTOM CHARGES $19.57 $53.00 $37.00
LAND TAXES $0.00 $0.63 $0.63 $0.63 $0.63
OTHER EXPENSES $0.16 $34.66 $34.63 $34.97 $35.06
________ ________ ________ ________ ________
TOTAL CASH EXPENSES $156.07 $305.86 $226.21 $476.89 $608.82
RETURN OVER CASH EXPENSES ($156.07) $464.14 ($18.61) ($58.89) $103.58
FIXED EXPENSES $27.75 $173.76 $24.63 $64.65 $82.60
TOTAL EXPENSES $183.82 $479.62 $250.84 $541.55 $691.42
NET FARM INCOME ($183.82) $290.38 ($43.24)($123.55) $20.98
LABOR AND MANAGEMENT COSTS $18.69 $94.97 $22.15 $61.70 $89.56
NET OPERATING PROFIT ($202.51) $195.42 ($65.39)($185.25) ($68.58)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $0.00 $7.60 $6.19 $14.16 $18.61
INTEREST ON EQUIPMENT INVESTMENT $0.00 $60.76 $4.93 $18.76 $32.70
________ ________ ________ ________ ________
TOTAL CAPITAL COSTS $0.00 $68.36 $11.12 $32.92 $51.31
RETURN TO RISK ($202.51) $127.05 ($76.51)($218.17)($119.89)
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