TABLE 6. Summary of per acre costs and returns for a 1,280 acre farm
with above average management, Causey-Lingo area, Roosevelt
County, 2001.
------------------------------------------------------------------------
GRAIN STRIPPER
SORGHUM COTTON WHEAT
---------DRYLAND--------
------------------------------------------------------------------------
CWT LBS BU
PRIMARY YIELD 15.00 250.00 18.00
PRIMARY PRICE 3.00 0.65 3.00
GOVERNMENT PAYMENTS 8.25 14.00 8.28
SECOND INCOME 5.00 19.50 10.00
GROSS RETURN $58.25 $206.00 $72.28
CASH OPERATING EXPENSES
SEED $3.12 $8.40 $3.30
FERTILIZER
CHEMICALS $15.14 $19.07
CROP INSURANCE $0.14 $0.09 $0.14
OTHER PURCHASED INPUTS
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $9.43 $20.12 $6.24
FUEL-IRRIGATION
REPAIRS $8.74 $9.13 $5.95
CUSTOM CHARGES $0.00 $39.53 $0.00
LAND TAXES $0.12 $0.12 $0.12
OTHER EXPENSES $16.75 $16.92 $16.70
_______ _______ _______
TOTAL CASH EXPENSES $53.45 $113.38 $32.45
RETURN OVER CASH EXPENSES $4.80 $92.62 $39.83
FIXED EXPENSES $21.65 $15.35 $22.29
TOTAL EXPENSES $75.10 $128.72 $54.73
NET FARM INCOME ($16.85) $77.28 $17.55
LABOR AND MANAGEMENT COSTS $13.45 $37.20 $11.23
NET OPERATING PROFIT ($30.29) $40.08 $6.32
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1.16 $1.74 $0.34
INTEREST ON EQUIPMENT INVESTMENT $13.62 $8.87 $13.40
_______ _______ _______
TOTAL CAPITAL COSTS $14.77 $10.61 $13.74
RETURN TO LAND AND RISK ($45.07) $29.47 ($7.42)
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