TABLE 3. Grain sorghum, dryland, budgeted per acre costs and returns for a 1,280 acre farm with above average
management, Causey-Lingo area, Roosevelt County, 2001.
Planting Dates: May 15 - May 30
Harvest Dates: October 15 - November 15
---------------------------------------------------------------------------------------------------------------------
ITEM PRICE YIELD TOTAL
---------------------------------------------------------------------------------------------------------------------
GROSS RETURNS
GRAIN SORGHUM $3.00 15.00 CWT $45.00
ASCS DEFICIENCY $0.55 15.00 CWT $8.25
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $5.00 1 ACRE $5.00
_______
TOTAL $58.25
---------------------------------------------------------------------------------------------------------------------
PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ -------
SEED $1.04 3 LBS $3.12 $3.12
INSECTICIDE $15.14 1 X/ACRE $15.14 $15.14
CROP INSURANCE $0.14 $0.14 $0.14
SUBTOTAL $18.40 $18.40
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
DISC 165 HP 0.11 HR $0.83 $1.27 $1.35 $2.09 $5.54
STUBBLE MULCH 165 HP 0.10 HR $0.76 $1.16 $1.20 $2.41 $5.52
LISTER 165 HP 0.09 HR $0.68 $1.04 $0.90 $1.53 $4.15
ROD WEED 165 HP 0.05 HR $0.38 $0.58 $0.44 $0.70 $2.10
PLANTER 93 HP 0.12 HR $0.91 $1.13 $1.80 $1.28 $5.11
CULTIVATOR 93 HP 0.10 HR $0.76 $0.94 $0.36 $0.41 $2.47
SPRAYER 93 HP 0.06 HR $0.45 $0.56 $0.20 $0.60 $1.81
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.63 HR $4.76 $6.67 $6.25 $9.03 $26.70
HARVEST OPERATIONS
------- ----------
COMBINE 0.14 HR $1.06 $1.52 $2.49 $11.74 $16.81
HAUL 2 TON 0.14 HR $1.06 $1.25 $0.00 $0.88 $3.19
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.28 HR $2.11 $2.76 $2.49 $12.62 $19.99
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.12 HR $0.89 $0.89
EMPLOYEE BENEFITS $1.24 $1.24
INSURANCE $0.14 $0.14
LAND TAXES $0.12 $0.12
SUPERVISION AND MANAGEMENT $4.45 $4.45
OTHER EXPENSES $16.61 $16.61
_________ ______ ______ ______ ______
SUBTOTAL 0.12 HR $16.75 $6.58 $0.12 $23.45
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 1.03 HR $35.15 $13.45 $9.43 $8.74 $21.77 $88.54
NET OPERATING PROFIT ($30.29)
INTEREST ON OPERATING CAPITAL ( $12.87 @ 9.00%) $1.16
INTEREST ON EQUIPMENT INVESTMENT $13.62
RETURN TO LAND AND RISK ($45.07)
=====================================================================================================================
BUDGET SUMMARY
GROSS RETURN $58.25 VARIABLE OPERATING EXPENSES $53.33 RETURN OVER VARIABLE EXPENSES $4.92 (GROSS MARGIN) FIXED EXPENSES $21.77 NET FARM INCOME ($16.85) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $13.45 NET OPERATING PROFIT ($30.29) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $14.77 RETURN TO LAND AND RISK ($45.07) ===================================================================================================