TABLE 5. Alfalfa hay, flood-irrigated, budgeted per acre costs and returns for a 20 acre part-time farm,
San Juan County, 2001.
Harvesting dates: June 10 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
ALFALFA HAY $110.00 4.50 TONS (IN FIELD) $495.00
GRAZING $10.00 1.40 AUM $14.00
_______
TOTAL $509.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ------ ----------- ------ ------ ------
PHOSPHATE (P2O5) $0.39 45 LBS $17.55 $17.55
ESTABLISHMENT: Principal 6 YEARS $47.45 $47.45
: Interest $20.30 $20.30
LIVESTOCK FAC & EQUIP $5.00 $5.00
CANAL WATER 60 AC. IN. $53.75 $53.75
CANAL WATER (MAINTENANCE) 1 ACRE $8.00 $8.00
______ ______ _______
SUBTOTAL $17.55 $134.51 $152.06
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ------ ------ ------- ------ -------
FERTILIZE 65 HP 0.05 HR $0.34 $0.33 $0.01 $0.22 $0.90
DITCHER 65 HP 0.10 HR $0.68 $0.66 $0.02 $0.44 $1.80
CORRUGATE 65 HP 0.41 HR $2.77 $2.69 $0.10 $2.81 $8.38
IRRIGATE (10X) 5.00 HR $32.25 $32.25
_________ ______ ______ ______ ______ ______
SUBTOTAL 5.56 HR $36.03 $3.68 $0.14 $3.48 $43.32
HARVEST OPERATIONS
------- ----------
MOWER (3X) 65 HP 1.35 HR $9.11 $8.86 $1.11 $20.74 $39.82
RAKE (3X) 65 HP 0.78 HR $5.27 $5.12 $0.36 $11.97 $22.71
BALER (CUSTOM) $147.60 $147.60
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 2.13 HR $147.60 $14.38 $13.98 $1.46 $32.72 $210.14
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.55 HR $3.68 $3.68
EMPLOYEE BENEFITS $6.05 $6.05
INSURANCE $0.60 $0.60
LAND TAXES $2.04 $2.04
SUPERVISION AND MANAGEMENT $26.45 $26.45
OTHER EXPENSES $122.80 $122.80
_________ ______ ______ ______ ______
SUBTOTAL 0.55 HR $123.41 $36.18 $2.04 $161.63
--------- ------ ------ ------ ------ ------- -------
TOTAL OPERATING EXPENSES 8.24 HR $288.56 $86.59 $17.66 $1.61 $172.74 $567.15
NET OPERATING PROFIT ($58.15)
INTEREST ON OPERATING CAPITAL ( $23.32 @ 9.00%) $2.10
INTEREST ON EQUIPMENT INVESTMENT $38.65
RETURN TO LAND AND RISK ($98.90)
=====================================================================================================================
BUDGET SUMMARY
GROSS RETURN $509.00 VARIABLE OPERATING EXPENSES $307.82 RETURN OVER VARIABLE EXPENSES $201.18 (GROSS MARGIN) FIXED EXPENSES $172.74 NET FARM INCOME $28.44 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $86.59 NET OPERATING PROFIT ($58.15) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $40.75 RETURN TO LAND AND RISK ($98.90) ===================================================================================================