TABLE 4. Wheat, 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: August 15 - September 15
Harvesting dates: June 1 - June 25
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
WHEAT $3.00 18.00 BUSHELS $54.00
ASCS DEFICIENCY $0.46 18.00 BUSHELS $8.28
ASCS DIVERSION $0.00 $0.00
GRAZING $10.00 1.00 ACRE $10.00
_______
TOTAL $72.28
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------- ------
SEED $0.11 30 LB $3.30 $3.30
CROP INSURANCE $0.09 $0.09 $0.09
$3.39 $3.39
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR &OIL REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
STUBBLE MULCH 165 HP 0.10 HR $0.76 $1.37 $0.84 $2.87 $5.84
DISC 165 HP 0.11 HR $0.83 $1.51 $0.99 $3.21 $6.54
RODWEED 165 HP 0.05 HR $0.38 $0.69 $0.27 $1.14 $2.48
DRILL 93 HP 0.05 HR $0.38 $0.47 $0.59 $2.86 $4.30
_________ ______ ______ ______ ______ _______
SUBTOTAL 0.31 HR $2.34 $4.04 $2.69 $10.09 $19.16
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 0.10 HR $0.76 $0.76
EMPLOYEE BENEFITS $0.80 $0.80
INSURANCE $0.09 $0.09
LAND TAXES $0.12 $0.12
SUPERVISION AND MANAGEMENT $5.21 $5.21
OTHER EXPENSES $21.41 $21.41
_________ ______ ______ ______ ______
SUBTOTAL 0.10 HR $21.50 $6.77 $0.12 $28.39
--------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 0.69 HR $24.80 $11.23 $6.92 $8.83 $21.07 $72.85
NET OPERATING PROFIT ($0.57)
INTEREST ON OPERATING CAPITAL ( $4.09 @ 9.00%) $0.37
INTEREST ON EQUIPMENT INVESTMENT $12.63
RETURN TO LAND AND RISK ($13.56)
=====================================================================================================================
BUDGET SUMMARY
GROSS RETURN $72.28 VARIABLE OPERATING EXPENSES $40.55 RETURN OVER VARIABLE EXPENSES $31.73 (GROSS MARGIN) FIXED EXPENSES $21.07 NET FARM INCOME $10.66 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $11.23 NET OPERATING PROFIT ($0.57) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $13.00 RETURN TO LAND AND RISK ($13.56) ===================================================================================================