TABLE 10. Whole farm summary, Blackwater Draw area, Roosevelt County,
2001.
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GROSS RETURNS
ALFALFA HAY 125 ACRES
CROP $90,000
GRAZING $6,250
WHEAT 212.5 ACRES
CROP $38,250
GRAZING $0
ASCS DEFICIENCY $5,865
ASCS DIVERSION $0
CORN FOR GRAIN 163 ACRES
CROP $58,013
GRAZING $2,438
ASCS DEFICIENCY $4,888
ASCS DIVERSION $0
PEANUTS 250 ACRES
CROP $178,100
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GROSS RETURN $383,803
CASH OPERATING EXPENSES
SEED $29,357
FERTILIZER $63,829
CHEMICALS $50,760
CROP INSURANCE $100
OTHER PURCHASED INPUTS $10,154
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $16,768
FUEL-IRRIGATION $69,199
REPAIRS $31,101
CUSTOM CHARGES $22,021
LAND TAXES $474
OTHER EXPENSES $26,143
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TOTAL CASH EXPENSES $319,905
RETURN OVER CASH EXPENSES $63,897
FIXED EXPENSES $53,740
TOTAL EXPENSES $373,645
NET FARM INCOME $10,158
LABOR AND MANAGEMENT COSTS $49,462
NET OPERATING PROFIT ($39,304)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $9,219
INTEREST ON EQUIPMENT INVESTMENT $19,868
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TOTAL CAPITAL COSTS $29,087
RETURN TO RISK ($68,391)
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