TABLE 9. Whole farm summary, Portales Valley, Roosevelt County, 2001.
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GROSS RETURNS
WHEAT 82 ACRES
CROP $14,688
GRAZING $3,264
ASCS DEFICIENCY $1,478
ASCS DIVERSION $0
CORN FOR GRAIN 53 ACRES
CROP $13,170
GRAZING $791
ASCS DEFICIENCY $1,697
ASCS DIVERSION $0
GRAIN SORGHUM 53 ACRES
CROP $10,277
GRAZING $474
ASCS DEFICIENCY $1,884
ASCS DIVERSION $0
PEANUTS 63 ACRES
CROP $44,881
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GROSS RETURN $92,603
CASH OPERATING EXPENSES
SEED $7,670
FERTILIZER $17,634
CHEMICALS $10,756
CROP INSURANCE $150
OTHER PURCHASED INPUTS $714
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $5,323
FUEL-IRRIGATION $16,601
REPAIRS $9,076
CUSTOM CHARGES $9,209
LAND TAXES $158
OTHER EXPENSES $19,923
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TOTAL CASH EXPENSES $97,216
RETURN OVER CASH EXPENSES ($4,613)
FIXED EXPENSES $24,183
TOTAL EXPENSES $121,399
NET FARM INCOME ($28,796)
LABOR AND MANAGEMENT COSTS $13,151
NET OPERATING PROFIT ($41,947)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $2,381
INTEREST ON EQUIPMENT INVESTMENT $10,107
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TOTAL CAPITAL COSTS $12,488
RETURN TO LAND AND RISK ($54,435)
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$500 /ACRE ($60,835) -11.73%
$750 /ACRE ($64,035) -9.59%
$1,000 /ACRE ($67,235) -8.11%
$1,250 /ACRE ($70,435) -7.02%
$1,500 /ACRE ($73,635) -6.19%
$1,750 /ACRE ($76,835) -5.54%
$2,000 /ACRE ($80,035) -5.01%
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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