TABLE 10. Whole farm summary, Portales Valley, Roosevelt County, 2001.
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GROSS RETURNS
WHEAT 68 ACRES
CROP $11,220
GRAZING $2,720
ASCS DEFICIENCY $1,720
ASCS DIVERSION $0
CORN FOR GRAIN 51 ACRES
CROP $11,835
GRAZING $765
ASCS DEFICIENCY $1,525
ASCS DIVERSION $0
GRAIN SORGHUM 51 ACRES
CROP $8,415
GRAZING $459
ASCS DEFICIENCY $1,543
ASCS DIVERSION $0
UPLAND COTTON 70 ACRES
LINT $22,750
SEED $2,730
ASCS DEFICIENCY $952
PEANUTS 60 ACRES
CROP $42,744
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GROSS RETURN $109,378
CASH OPERATING EXPENSES
SEED $8,248
FERTILIZER $18,383
CHEMICALS $12,811
CROP INSURANCE $200
OTHER PURCHASED INPUTS $681
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $9,022
FUEL-IRRIGATION $11,191
REPAIRS $10,083
CUSTOM CHARGES $12,878
LAND TAXES $190
OTHER EXPENSES $19,663
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TOTAL CASH EXPENSES $103,350
RETURN OVER CASH EXPENSES $6,028
FIXED EXPENSES $21,494
TOTAL EXPENSES $124,844
NET FARM INCOME ($15,466)
LABOR AND MANAGEMENT COSTS $22,613
NET OPERATING PROFIT ($38,080)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $2,512
INTEREST ON EQUIPMENT INVESTMENT $9,874
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TOTAL CAPITAL COSTS $12,386
RETURN TO LAND AND RISK ($50,466)
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$500 /ACRE ($56,866) -11.33%
$750 /ACRE ($60,066) -9.15%
$1,000 /ACRE ($63,266) -7.68%
$1,250 /ACRE ($66,466) -6.61%
$1,500 /ACRE ($69,666) -5.80%
$1,750 /ACRE ($72,866) -5.17%
$2,000 /ACRE ($76,066) -4.67%
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* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L