TABLE 7. Whole farm summary, San Juan County, 2001.
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GROSS RETURNS
OAT HAY 11 ACRES
CROP $2,833
ALFALFA HAY 69 ACRES
CROP $41,400
GRAZING $1,380
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GROSS RETURN $45,613
CASH OPERATING EXPENSES
SEED $763
FERTILIZER $1,269
CHEMICALS $1,211
CROP INSURANCE $0
OTHER PURCHASED INPUTS $1,144
CANAL WATER $0
FUEL, OIL & LUBRICANTS-EQUIPMENT $855
FUEL-IRRIGATION $4,536
REPAIRS $926
CUSTOM CHARGES $0
LAND TAXES $163
OTHER EXPENSES $9,610
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TOTAL CASH EXPENSES $20,478
RETURN OVER CASH EXPENSES $25,134
FIXED EXPENSES $11,074
TOTAL EXPENSES $31,552
NET FARM INCOME $14,060
LABOR AND MANAGEMENT COSTS $7,003
NET OPERATING PROFIT $7,057
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $324
INTEREST ON EQUIPMENT INVESTMENT $4,239
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TOTAL CAPITAL COSTS $4,563
RETURN TO LAND AND RISK $2,495
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$1,000 /ACRE ($705) 6.18%
$2,500 /ACRE ($5,505) 3.01%
$4,000 /ACRE ($10,305) 1.99%
$5,500 /ACRE ($15,105) 1.49%
$7,000 /ACRE ($19,905) 1.19%
$8,500 /ACRE ($24,705) 0.99%
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* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L