TABLE 6. Grain sorghum, sprinkler-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 65.00 CWT $195.00
ASCS DEFICIENCY $0.55 65.00 CWT $35.75
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $9.00 1.00 ACRE $9.00
_______
TOTAL $239.75
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ -------
SEED $1.04 6 LBS $6.24 $6.24
NITROGEN (N) $0.42 150 LBS $63.00 $63.00
PHOSPHATE (P205) $0.39 40 LBS $15.60 $15.60
HERBICIDE $16.17 1 ACRE $16.17 $16.17
INSECTICIDE (CUSTOM) $19.07 1 ACRE $19.07 $19.07
PUMP WATER* 20 AC. IN.
CROP INSURANCE $0.95 $0.95 $0.95
SUBTOTAL $121.02 $121.02
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
DISC 185 HP 0.14 HR $1.06 $2.03 $0.77 $3.62 $7.48
PLOW 185 HP 0.48 HR $3.62 $6.97 $2.99 $13.68 $27.27
DISC 185 HP 0.14 HR $1.06 $2.03 $0.77 $3.62 $7.48
FERT SPREADER 126 HP 0.05 HR $0.38 $0.45 $0.09 $0.33 $1.25
DISC & SPRAY 185 HP 0.17 HR $1.28 $2.47 $1.27 $5.56 $10.58
LISTER 126 HP 0.12 HR $0.91 $1.08 $0.42 $2.58 $4.98
PRE-IRRIGATE 0.10 HR $0.68 $5.50 $2.27 $3.80 $12.25
ROD WEED 126 HP 0.08 HR $0.60 $0.72 $0.20 $1.36 $2.88
PLANTER 185 HP 0.17 HR $1.28 $2.47 $1.67 $8.89 $14.31
CULTIVATOR (2X) 126 HP 0.26 HR $1.96 $2.34 $0.92 $3.78 $9.00
IRRIGATE (10X) 1.00 HR $6.75 $54.98 $22.73 $38.01 $122.48
_________ ______ ______ ______ ______ ______
SUBTOTAL 2.71 HR $19.58 $81.05 $34.10 $85.22 $219.95
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $29.28 $29.28
HAUL (CUSTOM) $12.35 $12.35
______ ______
SUBTOTAL $41.63 $41.63
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.39 HR $2.96 $2.96
EMPLOYEE BENEFITS $3.52 $3.52
INSURANCE $0.39 $0.39
LAND TAXES $0.63 $0.63
SUPERVISION AND MANAGEMENT $18.07 $18.07
OTHER EXPENSES $79.30 $79.30
_________ ______ ______ ______ ______
SUBTOTAL 0.39 HR $79.70 $24.56 $0.63 $104.88
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 3.10 HR $242.35 $44.14 $81.05 $34.10 $85.86 $487.49
NET OPERATING PROFIT ($247.74)
INTEREST ON OPERATING CAPITAL ( $92.77 @ 9.00%) $8.35
INTEREST ON EQUIPMENT INVESTMENT $35.72
RETURN TO LAND AND RISK ($291.81)
=====================================================================================================================
* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $239.75 VARIABLE OPERATING EXPENSES $357.50 RETURN OVER VARIABLE EXPENSES ($117.75) (GROSS MARGIN) FIXED EXPENSES $85.86 NET FARM INCOME ($203.61) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $44.14 NET OPERATING PROFIT ($247.74) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $44.07 RETURN TO LAND AND RISK ($291.81) ===================================================================================================