TABLE 6. Grain sorghum, flood-irrigated, budgeted per acre costs and returns for a 320 acre farm
with above average management, Portales Valley, Roosevelt County, 2001.
Planting Dates: May 15 - June 10
Harvest Dates: October 15 - November 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 55.00 CWT $165.00
ASCS DEFICIENCY $0.55 55.00 CWT $30.25
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $9.00 1.00 ACRE $9.00
_______
TOTAL $204.25
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ------------ ------ -------
SEED $1.04 6 LBS $6.24 $6.24
NITROGEN (N) $0.42 100 LBS $42.00 $42.00
PHOSPHATE (P205) $0.39 40 LBS $15.60 $15.60
HERBICIDE $15.14 1 ACRE $15.14 $15.14
INSECTICIDE (CUSTOM) $19.07 1 ACRE $19.07 $19.07
PUMP WATER* 20 AC. IN.
CROP INSURANCE $0.98 $0.98 $0.98
SUBTOTAL $99.03 $99.03
POWER ACCOMPLISHHMENT PURCHASED FUEL, FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ------------ ---------- ----- ----- ------- ----- -----
DISC 185 HP 0.14 HR $1.06 $2.03 $2.13 $2.69 $7.91
PLOW 185 HP 0.48 HR $3.62 $6.97 $7.55 $9.31 $27.46
DISC 185 HP 0.14 HR $1.06 $2.03 $2.13 $2.69 $7.91
FERT SPREADER 126 HP 0.05 HR $0.38 $0.45 $0.23 $0.14 $1.20
DISC & SPRAY 185 HP 0.17 HR $1.28 $2.47 $2.99 $4.11 $10.86
LISTER 126 HP 0.12 HR $0.91 $1.08 $0.74 $1.37 $4.09
TRACK 126 HP 0.40 HR $3.02 $3.59 $1.84 $1.13 $9.58
PRE-IRRIGATE 0.75 HR $5.06 $7.83 $1.13 $4.81 $18.83
ROD WEED 126 HP 0.08 HR $0.60 $0.72 $0.40 $0.52 $2.25
PLANTER 185 HP 0.17 HR $1.28 $2.47 $3.45 $6.43 $13.63
CULTIVATOR (2X) 126 HP 0.26 HR $1.96 $2.34 $1.60 $2.25 $8.15
IRRIGATE (3X) 1.50 HR $10.13 $23.48 $3.39 $14.43 $51.44
__________ ______ ______ ______ ______ ______
SUBTOTAL 4.26 HR $30.36 $55.47 $27.58 $49.90 $163.31
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $26.18 $26.18
HAUL (CUSTOM) $10.45 $10.45
______ ______
SUBTOTAL $36.63 $36.63
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.66 HR $4.95 $4.95
EMPLOYEE BENEFITS $5.47 $5.47
INSURANCE $0.61 $0.61
LAND TAXES $0.63 $0.63
SUPERVISION AND MANAGEMENT $17.11 $17.11
OTHER EXPENSES $64.84 $64.84
__________ ______ ______ ______ ______
SUBTOTAL 0.66 HR $65.45 $27.52 $0.63 $93.60
---------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 4.92 HR $201.11 $57.88 $55.47 $27.58 $50.53 $392.57
NET OPERATING PROFIT ($188.32)
INTEREST ON OPERATING CAPITAL ( $73.33 @ 9.00%) $6.60
INTEREST ON EQUIPMENT INVESTMENT $21.99
RETURN TO LAND AND RISK ($216.91)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $204.25 VARIABLE OPERATING EXPENSES $284.16 RETURN OVER VARIABLE EXPENSES ($79.91) (GROSS MARGIN) FIXED EXPENSES $50.53 NET FARM INCOME ($130.44) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $57.88 NET OPERATING PROFIT ($188.32) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $28.59 RETURN TO LAND AND RISK ($216.91) =====================================================================================================