TABLE 3. Grain sorghum, dryland, budgeted per acre costs and returns for a 1,280 acre farm with above average
management, Rogers-Dora area, Roosevelt County, 2001.
Planting Dates: May 15 - May 30
Harvest Dates: October 15 - November 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN SORGHUM $3.00 15.00 CWT $45.00
ASCS DEFICIENCY $0.55 15.00 CWT $8.25
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $5.00 1 ACRE $5.00
_______
TOTAL $58.25
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ -------
SEED $1.04 3 LBS $3.12 $3.12
INSECTICIDE $15.14 1 X/ACRE $15.14 $15.14
CROP INSURANCE $0.12 $0.12 $0.12
SUBTOTAL $18.38 $18.38
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
DISC 165 HP 0.11 HR $0.83 $1.51 $0.99 $3.21 $6.54
STUBBLE MULCH 165 HP 0.10 HR $0.76 $1.37 $0.84 $2.87 $5.84
LISTER 165 HP 0.09 HR $0.68 $1.24 $0.62 $2.82 $5.36
ROD WEED 165 HP 0.05 HR $0.38 $0.69 $0.27 $1.14 $2.48
PLANTER 93 HP 0.12 HR $0.91 $1.13 $0.23 $0.44 $2.70
CULTIVATOR 93 HP 0.10 HR $0.76 $0.94 $0.35 $1.46 $3.51
SPRAYER 93 HP 0.06 HR $0.45 $0.56 $0.18 $0.58 $1.77
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.63 HR $4.76 $7.44 $3.48 $12.52 $28.20
HARVEST OPERATIONS
------- ----------
COMBINE 0.14 HR $1.06 $1.64 $4.51 $8.48 $15.68
HAUL 2 TON 0.14 HR $1.06 $1.25 $1.63 $2.38 $6.31
_________ ______ ______ ______ ______ ______
SUBTOTAL 0.28 HR $2.11 $2.88 $6.13 $10.86 $21.99
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.12 HR $0.89 $0.89
EMPLOYEE BENEFITS $1.24 $1.24
INSURANCE $0.14 $0.14
LAND TAXES $0.12 $0.12
SUPERVISION AND MANAGEMENT $4.59 $4.59
OTHER EXPENSES $21.41 $21.41
_________ ______ ______ ______ ______
SUBTOTAL 0.12 HR $21.55 $6.72 $0.12 $28.38
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 1.03 HR $39.92 $13.59 $10.32 $9.62 $23.51 $96.95
NET OPERATING PROFIT ($38.70)
INTEREST ON OPERATING CAPITAL ( $12.67 @ 9.00%) $1.14
INTEREST ON EQUIPMENT INVESTMENT $15.02
RETURN TO LAND AND RISK ($54.86)
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BUDGET SUMMARY
GROSS RETURN $58.25 VARIABLE OPERATING EXPENSES $59.86 RETURN OVER VARIABLE EXPENSES ($1.61) (GROSS MARGIN) FIXED EXPENSES $23.51 NET FARM INCOME ($25.12) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $13.59 NET OPERATING PROFIT ($38.70) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $16.16 RETURN TO LAND AND RISK ($54.86) ===================================================================================================