TABLE 9. Summary of per acre costs and returns for a 320 acre farm with above average
management, Portales Valley, Roosevelt County, New Mexico, 2001.
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GRAIN STRIPPER
WHEAT CORN SORGHUM COTTON PEANUTS
---------------FLOOD------------------
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BU CWT CWT LBS LBS
PRIMARY YIELD 55.00 65.00 55.00 500.00 2600.00
PRIMARY PRICE 3.00 3.57 3.00 0.65 0.27
GOVERNMENT PAYMENTS 25.30 29.90 30.25 28.00 0.00
SECOND INCOME 40.00 15.00 9.00 39.00 0.00
GROSS RETURN $230.30 $276.95 $204.25 $412.00 $712.40
CASH OPERATING EXPENSES
SEED $6.60 $27.48 $6.24 $14.00 $85.00
FERTILIZER $57.60 $86.40 $57.60 $57.00 $52.20
CHEMICALS $19.07 $47.47 $34.21 $44.01 $71.14
CROP INSURANCE $0.74 $0.98 $0.98 $0.71
OTHER PURCHASED INPUTS $11.36
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $11.79 $24.60 $24.16 $41.16 $47.54
FUEL-IRRIGATION $39.14 $59.49 $31.31 $23.48 $37.57
REPAIRS $17.09 $32.36 $27.58 $41.38 $49.46
CUSTOM CHARGES $30.05 $34.45 $36.63 $92.70 $12.00
LAND TAXES $0.63 $0.63 $0.63 $0.63 $0.63
OTHER EXPENSES $65.32 $65.60 $65.45 $65.61 $65.75
________ ________ ________ ________ ________
TOTAL CASH EXPENSES $248.03 $379.46 $284.79 $380.69 $432.64
RETURN OVER CASH EXPENSES ($17.73)($102.51) ($80.54) $31.31 $279.76
FIXED EXPENSES $43.78 $68.23 $49.90 $78.59 $116.52
TOTAL EXPENSES $291.81 $447.69 $334.69 $459.28 $549.17
NET FARM INCOME ($61.51)($170.74) ($130.44) ($47.28) $163.23
LABOR AND MANAGEMENT COSTS $49.04 $69.93 $57.88 $83.96 $114.71
NET OPERATING PROFIT ($110.55)($240.67) ($188.32)($131.24) $48.52
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $5.54 $10.18 $6.60 $7.76 $12.28
INTEREST ON EQUIPMENT INVESTMENT $14.28 $24.45 $21.99 $42.38 $59.47
________ ________ ________ ________ ________
TOTAL CAPITAL COSTS $19.81 $34.64 $28.59 $50.14 $71.74
RETURN TO LAND AND RISK ($130.36)($275.31) ($216.91)($181.38) ($23.22)
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