TABLE 6. Permanent pasture, flood-irrigated, budgeted per acre costs and returns for an 80 acre 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 12.00 AUMS $144.00
______
TOTAL $144.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ----------- ------ ------ ------
NITROGEN (N) $0.42 100 LBS $42.00 $42.00
LIVESTOCK FAC & EQUIP $5.00 $5.00
ESTABLISHMENT: Principal 15 YEARS $13.97 $13.97
: Interest $7.33 $7.33
CANAL WATER 62 AC. IN. $55.54 $55.54
CANAL WATER (MAINTENANCE) 1 ACRE $8.00 $8.00
______ ______ ______
SUBTOTAL $42.00 $89.84 $131.84
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- -----
FERTILIZE 96 HP 0.05 HR $0.34 $0.34 $0.04 $0.19 $0.91
CORRUGATE 40 HP 0.21 HR $1.42 $0.85 $0.37 $2.35 $4.98
DITCHER (2X) 40 HP 0.10 HR $0.68 $0.40 $0.02 $1.96 $3.06
IRRIGATE (11X) 5.50 HR $35.48 $35.48
_________ ______ ______ ______ ______ ______
SUBTOTAL 5.86 HR $37.91 $1.59 $0.43 $4.50 $44.43
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.09 HR $0.61 $0.61
EMPLOYEE BENEFITS $6.82 $6.82
INSURANCE $0.76 $0.76
LAND TAXES $2.04 $2.04
SUPERVISION AND MANAGEMENT $15.76 $15.76
OTHER EXPENSES $127.67 $127.67
_________ ______ ______ ______ ______
SUBTOTAL 0.09 HR $128.43 $23.19 $2.04 $153.66
--------- ------ ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 5.95 HR $170.43 $61.10 $1.59 $0.43 $96.39 $329.93
NET OPERATING PROFIT ($185.93)
INTEREST ON OPERATING CAPITAL ( $21.51 @ 9.00%) $1.94
INTEREST ON EQUIPMENT INVESTMENT $5.05
RETURN TO LAND AND RISK ($192.91)
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BUDGET SUMMARY
GROSS RETURN $144.00 VARIABLE OPERATING EXPENSES $172.45 RETURN OVER VARIABLE EXPENSES ($28.45) (GROSS MARGIN) FIXED EXPENSES $96.39 NET FARM INCOME ($124.83) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $61.10 NET OPERATING PROFIT ($185.93) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $6.98 RETURN TO LAND AND RISK ($192.91) ===================================================================================================