TABLE 9. Whole farm summary, San Juan County, 2001.
------------------------------------------------------------------------
GROSS RETURNS
OAT HAY 6 ACRES
CROP $1,485
GRAZING $60
ALFALFA HAY 34 ACRES
CROP $20,400
GRAZING $680
PASTURE 20 ACRES
GRAZING $2,880
CORN FOR SILAGE 20 ACRES
CROP $11,760
_________
GROSS RETURN $37,265
CASH OPERATING EXPENSES
SEED $1,045
FERTILIZER $2,470
CHEMICALS $841
CROP INSURANCE $0
OTHER PURCHASED INPUTS $566
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $939
FUEL-IRRIGATION $0
REPAIRS $319
CUSTOM CHARGES $0
LAND TAXES $163
OTHER EXPENSES $9,521
_________
TOTAL CASH EXPENSES $15,864
RETURN OVER CASH EXPENSES $21,401
FIXED EXPENSES $11,841
TOTAL EXPENSES $27,706
NET FARM INCOME $9,559
LABOR AND MANAGEMENT COSTS $7,744
NET OPERATING PROFIT $1,816
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $236
INTEREST ON EQUIPMENT INVESTMENT $5,390
_________
TOTAL CAPITAL COSTS $5,626
RETURN TO LAND AND RISK ($3,810)
=========
========================================================================
-------------------------------------------------------
RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
-------------------------------------------------------
$1,000 /ACRE ($7,010) 1.50%
$2,500 /ACRE ($11,810) 0.75%
$4,000 /ACRE ($16,610) 0.50%
$5,500 /ACRE ($21,410) 0.38%
$7,000 /ACRE ($26,210) 0.30%
$8,500 /ACRE ($31,010) 0.25%
-------------------------------------------------------
* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L