TABLE 8. Peanuts, 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 10 - June 10
Harvest Dates: October 10 - November 10
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
PEANUTS $0.274 2,600 LBS $712.40
_______
TOTAL $712.40
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
SEED $0.85 100 LB $85.00 $85.00
NITROGEN (N) $0.42 50 LB $21.00 $21.00
PHOSPHATE (P205) $0.39 80 LB $31.20 $31.20
HERBICIDE $16.17 1 X/ACRE $16.17 $16.17
INSECTICIDE (CUSTOM) $19.07 1 X/ACRE $19.07 $19.07
FUNGICIDE $35.90 1 X/ACRE $35.90 $35.90
TRACE ELEMENTS $11.36 1 X/ACRE $11.36 $11.36
PUMP WATER* 24 AC. IN.
_______ _______
SUBTOTAL $219.70 $219.70
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL 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
SPRAY & DISC 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 $9.39 $1.36 $5.77 $21.59
LISTER 126 HP 0.12 HR $0.91 $1.08 $0.74 $1.37 $4.09
ROD WEEDER 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
HAND HOE (CUSTOM) $12.00 $12.00
IRRIGATE (3X) 1.50 HR $10.13 $28.18 $4.07 $17.32 $59.70
__________ ______ ______ ______ ______ ______ _______
SUBTOTAL 4.38 HR $12.00 $31.27 $62.81 $29.22 $55.12 $190.42
HARVEST OPERATIONS
------- ----------
DIG AND INVERT 185 HP 0.24 HR $1.81 $3.49 $3.25 $5.18 $13.73
COMBINE PEANUTS 185 HP 0.80 HR $6.04 $11.62 $13.30 $45.76 $76.72
HAUL 126 HP 0.80 HR $6.04 $7.19 $3.69 $10.46 $27.38
__________ _______ ______ ______ ______ ______ _______
SUBTOTAL 1.84 HR $0.00 $13.89 $22.30 $20.24 $61.40 $117.84
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.81 HR $6.10 $6.10
EMPLOYEE BENEFITS $8.13 $8.13
INSURANCE $0.90 $0.90
LAND TAXES $0.63 $0.63
SUPERVISION AND MANAGEMENT $55.33 $55.33
OTHER EXPENSES $64.84 $64.84
__________ ______ ______ ______ ______
SUBTOTAL 0.81 HR $65.75 $69.55 $0.63 $135.93
---------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 7.03 HR $297.44 $114.71 $85.11 $49.46 $117.16 $663.88
NET OPERATING PROFIT $48.52
INTEREST ON OPERATING CAPITAL ( $136.40 @ 9.00%) $12.28
INTEREST ON EQUIPMENT INVESTMENT $59.47
RETURN TO LAND AND RISK ($23.22)
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* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $712.40 VARIABLE OPERATING EXPENSES $432.01 RETURN OVER VARIABLE EXPENSES $280.39 (GROSS MARGIN) FIXED EXPENSES $117.16 NET FARM INCOME $163.23 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $114.71 NET OPERATING PROFIT $48.52 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $71.74 RETURN TO LAND AND RISK ($23.22) =====================================================================================================