TABLE 8. Peanuts, 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: May 10 - June 10
Harvest Dates: October 10 - November 10
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
PEANUTS $0.274 2,600.00 LBS $712.40
_______
TOTAL $712.40
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------- ------
SEED (PEANUT) $0.85 100 LB $85.00 $85.00
NITROGEN (N) $0.42 70 LB $29.40 $29.40
PHOSPHATE (P205) $0.39 80 LB $31.20 $31.20
POTASH (K2O) $0.135 30 LB $4.05 $4.05
TRACE ELEMENTS & MANURE $10.61 1 X/ACRE $40.61 $40.61
HERBICIDE $20.19 1 X/ACRE $20.19 $20.19
INSECTICIDE (CUSTOM) $16.17 1 X/ACRE $16.17 $16.17
FUNGICIDE $104.43 1 X/ACRE $104.43 $104.43
PUMP WATER 28 AC. IN.
_______ _______
SUBTOTAL $331.05 $331.05
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
SPRAY & DISC 185 HP 0.00 HR $0.00 $0.00 $0.00 $0.00 $0.00
PRE-IRRIGATE 0.30 HR $2.03 $29.52 $3.50 $9.03 $44.07
LISTER 185 HP 0.27 HR $2.04 $3.92 $3.11 $3.32 $12.39
PLANTER 185 HP 0.12 HR $0.91 $1.74 $2.37 $3.75 $8.77
APPLY FUNGICIDE (CUSTOM) $27.00 $27.00
CULTIVATOR (2X) 140 HP 0.20 HR $1.51 $2.20 $2.20 $2.20 $8.11
HAND HOE (CUSTOM) $10.00 $10.00
IRRIGATE (7X) 0.70 HR $4.73 $68.88 $8.16 $21.07 $102.84
_________ ______ ______ ______ ______ ______ _______
SUBTOTAL 2.31 HR $37.00 $16.64 $116.55 $28.32 $49.21 $247.72
HARVEST OPERATIONS
------- ----------
DIG AND INVERT 185 HP 0.24 HR $1.81 $3.49 $29.79 $12.19 $47.28
COMBINE PEANUTS 185 HP 0.80 HR $6.04 $11.62 $7.77 $15.02 $40.46
HAUL 140 HP 0.37 HR $2.79 $4.07 $3.48 $6.17 $16.51
_________ _______ ______ ______ ______ ______ _______
SUBTOTAL 1.41 HR $0.00 $10.65 $19.18 $41.04 $33.38 $104.24
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.68 HR $5.13 $5.13
EMPLOYEE BENEFITS $4.91 $4.91
INSURANCE $0.55 $0.55
LAND TAXES $0.63 $0.63
SUPERVISION AND MANAGEMENT $52.23 $52.23
OTHER EXPENSES $34.51 $34.51
_________ ______ ______ ______ ______
SUBTOTAL 0.68 HR $35.06 $62.27 $0.63 $97.97
--------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 4.40 HR $403.11 $89.56 $135.73 $69.35 $83.23 $780.98
NET OPERATING PROFIT ($68.58)
INTEREST ON OPERATING CAPITAL ( $206.76 @ 9.00%) $18.61
INTEREST ON EQUIPMENT INVESTMENT $32.70
RETURN TO LAND AND RISK ($119.89)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $712.40 VARIABLE OPERATING EXPENSES $608.19 RETURN OVER VARIABLE EXPENSES $104.21 (GROSS MARGIN) FIXED EXPENSES $83.23 NET FARM INCOME $20.98 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $89.56 NET OPERATING PROFIT ($68.58) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $51.31 RETURN TO LAND AND RISK ($119.89) ===================================================================================================