TABLE 5. Alfalfa hay, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above average
management, Socorro County, 2001.
Harvest dates: May 15 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
ALFALFA HAY $120.00 6.50 TONS (STACKED) $780.00
GRAZING $10.00 1.00 AUM $10.00
_______
TOTAL $790.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ------ ----- ------ ------ ------
NITROGEN (N) $0.42 40 LBS $35.10 $35.10
PHOSPHATE (P2O5) $0.39 90 LBS $29.11 $29.11
INSECTICIDE (CUSTOM) $29.11 1 ACRE $29.11 $29.11
WIRE $0.36 56 LBS $20.05 $20.05
ESTABLISHMENT: Principal 5 YEARS $55.75 $55.75
: Interest $14.32 $14.32
CANAL WATER 60 AC. IN. $30.00 $30.00
______ ______ _______
SUBTOTAL $113.37 $100.07 $213.44
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ------- ---- ----------- ------ ------ ------- ------ -------
IRRIGATE (10X) 5.00 HR $25.75 $25.75
______ ___ ______ ______
SUBTOTAL 5.00 HR $25.75 $25.75
HARVEST OPERATIONS
------- ----------
SWATHER (5X) 14 FT. 0.80 HR $4.12 $4.04 $2.09 $33.83 $44.08
BALER (5X) 65 HP 1.05 HR $5.41 $7.63 $1.99 $9.92 $24.94
BALEWAGON (5X) 130 HP 1.00 HR $5.15 $9.85 $9.99 $32.11 $57.10
______ ___ ______ ______ ______ ______ ______
SUBTOTAL 2.85 HR $14.68 $21.52 $14.06 $75.86 $126.12
OVERHEAD EXPENSES
--------
DOWNTIME 0.71 HR $3.67 $3.67
EMPLOYEE BENEFITS $7.28 $7.28
INSURANCE $0.81 $0.81
LAND TAXES $1.74 $1.74
SUPERVISION AND MANAGEMENT $61.73 $61.73
OTHER EXPENSES $80.99 $80.99
______ ___ ______ ______ ______ ______
SUBTOTAL 0.71 HR $81.80 $72.67 $1.74 $156.21
------ --- ------ ------ ------ ------ ------- -------
TOTAL OPERATING EXPENSES 8.56 HR $195.17 $113.10 $21.52 $14.06 $177.66 $521.52
NET OPERATING PROFIT $268.48
INTEREST ON OPERATING CAPITAL ( $59.65 @ 9.00%) $5.37
INTEREST ON EQUIPMENT INVESTMENT $60.34
RETURN TO LAND AND RISK $202.78
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BUDGET SUMMARY
GROSS RETURN $790.00 VARIABLE OPERATING EXPENSES $230.76 RETURN OVER VARIABLE EXPENSES $559.24 (GROSS MARGIN) FIXED EXPENSES $177.66 NET FARM INCOME $381.58 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $113.10 NET OPERATING PROFIT $268.48 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $65.71 RETURN TO LAND AND RISK $202.78 ========================================================================================================