TABLE 7. Peanuts, 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 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 2,600.00 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 60 LB $25.20 $25.20
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 $11.33 1 X/ACRE $11.33 $11.33
PUMP WATER* 22 AC. IN.
_______ _______
SUBTOTAL $223.87 $223.87
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
SPRAY & DISC 185 HP 0.17 HR $1.28 $2.47 $1.27 $5.56 $10.58
PRE-IRRIGATE 0.10 HR $0.68 $6.05 $2.50 $4.18 $13.41
LISTER 126 HP 0.12 HR $0.91 $1.08 $0.42 $2.58 $4.98
PLANTER 126 HP 0.17 HR $1.28 $2.47 $1.67 $8.89 $14.31
APPLY FUNGICIDE (CUSTOM) $27.00 $27.00
CULTIVATOR (2X) 126 HP 0.26 HR $1.96 $2.34 $0.92 $3.78 $9.00
HAND HOE (CUSTOM) $12.00 $12.00
IRRIGATE (10X) 1.00 HR $6.75 $60.48 $25.00 $41.82 $134.05
_________ ______ ______ ______ ______ ______ _______
SUBTOTAL 2.63 HR $39.00 $18.98 $86.38 $36.40 $88.05 $268.81
HARVEST OPERATIONS
------- ----------
DIG AND INVERT 185 HP 0.24 HR $1.81 $3.49 $0.92 $6.57 $12.79
COMBINE PEANUTS 185 HP 0.80 HR $6.04 $11.62 $5.53 $49.01 $72.21
HAUL 126 HP 0.80 HR $6.04 $7.19 $1.50 $13.03 $27.75
_________ _______ ______ ______ ______ ______ _______
SUBTOTAL 1.84 HR $0.00 $13.89 $22.30 $7.95 $68.61 $112.75
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.61 HR $4.61 $4.61
EMPLOYEE BENEFITS $5.92 $5.92
INSURANCE $0.66 $0.66
LAND TAXES $0.63 $0.63
SUPERVISION AND MANAGEMENT $51.72 $51.72
OTHER EXPENSES $79.30 $79.30
_________ ______ ______ ______ ______
SUBTOTAL 0.61 HR $79.96 $62.24 $0.63 $142.83
--------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 5.08 HR $342.83 $95.11 $108.67 $44.35 $157.29 $748.26
NET OPERATING PROFIT ($35.86)
INTEREST ON OPERATING CAPITAL ( $145.15 @ 9.00%) $13.06
INTEREST ON EQUIPMENT INVESTMENT $77.43
RETURN TO LAND AND RISK ($126.36)
=====================================================================================================================
* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $712.40 VARIABLE OPERATING EXPENSES $495.86 RETURN OVER VARIABLE EXPENSES $216.54 (GROSS MARGIN) FIXED EXPENSES $157.29 NET FARM INCOME $59.25 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $95.11 NET OPERATING PROFIT ($35.86) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $90.49 RETURN TO LAND AND RISK ($126.36) ===================================================================================================