TABLE 7. Whole farm summary, Causey-Lingo area, Roosevelt County, 2001.
--------------------------------------------------------------------------
GROSS RETURNS
GRAIN SORGHUM 357 ACRES
CROP $16,065
GRAZING $1,785
ASCS DEFICIENCY $2,945
ASCS DIVERSION $0
COTTON 546 ACRES
LINT $88,725
SEED $10,647
ASCS DEFICIENCY $4,998
WHEAT 357 ACRES
CROP $19,278
GRAZING $3,570
ASCS DEFICIENCY $2,956
ASCS DIVERSION $0
_________
GROSS RETURN $150,969
CASH OPERATING EXPENSES
SEED $6,878
FERTILIZER $0
CHEMICALS $15,817
CROP INSURANCE $150
OTHER PURCHASED INPUTS $0
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $16,580
FUEL-IRRIGATION $0
REPAIRS $10,229
CUSTOM CHARGES $21,581
LAND TAXES $151
OTHER EXPENSES $21,183
_________
TOTAL CASH EXPENSES $92,568
RETURN OVER CASH EXPENSES $58,401
FIXED EXPENSES $24,064
TOTAL EXPENSES $116,632
NET FARM INCOME $34,337
LABOR AND MANAGEMENT COSTS $29,117
NET OPERATING PROFIT $5,220
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1,485
INTEREST ON EQUIPMENT INVESTMENT $14,487
_________
TOTAL CAPITAL COSTS $15,972
RETURN TO LAND AND RISK ($10,752)
=========
==========================================================================
---------------------------------------------------------
RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
---------------------------------------------------------
$150 /ACRE ($18,432) 1.48%
$200 /ACRE ($20,992) 1.26%
$250 /ACRE ($23,552) 1.09%
$300 /ACRE ($26,112) 0.96%
$350 /ACRE ($28,672) 0.86%
$400 /ACRE ($31,232) 0.78%
---------------------------------------------------------
* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES ACR
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS LAN