TABLE 7. Permanent pasture, flood-irrigated, budgeted per acre costs and returns for a 20 acre part-time farm,
San Juan County, 2001.
Harvesting dates: Year Round
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
PASTURE $12.00 7.00 AUMS $84.00
______
TOTAL $84.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- ------ ------ ------
NITROGEN (N) $0.42 100 LBS $42.00 $42.00
ESTABLISHMENT: Principal 20 YEARS $9.05 $9.05
: Interest $8.28 $8.28
CANAL WATER 62 AC. IN. $55.54 $55.54
CANAL WATER (MAINTENANCE) 1 ACRE $8.00 $8.00
______ ______ ______
SUBTOTAL $42.00 $80.87 $122.87
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
CORRUGATE 65 HP 0.41 HR $2.77 $2.69 $0.10 $2.81 $8.38
DITCHER 65 HP 0.10 HR $0.68 $0.66 $0.02 $0.44 $1.80
IRRIGATE (11X) 5.50 HR $35.48 $35.48
_________ ______ ______ ______ ______ ______
SUBTOTAL 6.06 HR $39.26 $3.68 $0.14 $3.48 $46.55
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.14 HR $0.95 $0.95
EMPLOYEE BENEFITS $4.71 $4.71
INSURANCE $0.47 $0.47
LAND TAXES $2.04 $2.04
SUPERVISION AND MANAGEMENT $9.14 $9.14
OTHER EXPENSES $122.80 $122.80
_________ ______ ______ ______ ______
SUBTOTAL 0.14 HR $123.28 $14.80 $2.04 $140.11
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 6.20 HR $165.28 $54.05 $3.68 $0.14 $86.39 $309.53
NET OPERATING PROFIT ($225.53)
INTEREST ON OPERATING CAPITAL ( $21.95 @ 9.00%) $1.98
INTEREST ON EQUIPMENT INVESTMENT $4.67
RETURN TO LAND AND RISK ($232.17)
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BUDGET SUMMARY
GROSS RETURN $84.00 VARIABLE OPERATING EXPENSES $169.09 RETURN OVER VARIABLE EXPENSES ($85.09) (GROSS MARGIN) FIXED EXPENSES $86.39 NET FARM INCOME ($171.48) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $54.05 NET OPERATING PROFIT ($225.53) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $6.64 RETURN TO LAND AND RISK ($232.17) ===================================================================================================