TABLE 11. Barley for grain, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above
average management, Socorro County, 2001.
Planting dates: September 15 - October 15
Harvest dates: July 1 - July 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GRAIN $2.68 45.00 CWT $120.54
ASCS DEFICIENCY $0.34 45.00 CWT $15.30
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $10.00 1.00 AUM $10.00
_______
TOTAL $145.84
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ------ ----- ------ ----- ------
SEED $0.25 100 LBS $25.00 $25.00
ANHYDROUS AMMONIA (NH3) $0.2000 200 LBS $40.00 $40.00
NITROGEN (N) $0.42 40 LBS $16.80 $16.80
PHOSPHATE (P205) $0.39 90 LBS $35.10 $35.10
CANAL WATER 24 AC. IN. $25.00 $25.00
CROP INSURANCE $5.00 ______ ______ $5.00
SUBTOTAL $116.90 $25.00 $146.90
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ------- ---- ----------- ----- ----- ------- ----- ------
DISC 130 HP 0.17 HR $0.88 $1.67 $1.04 $3.16 $6.75
PLOW 130 HP 0.67 HR $3.45 $6.60 $4.52 $13.04 $27.61
DISC (2X) 130 HP 0.34 HR $1.75 $3.35 $2.08 $6.33 $13.50
LAND PLANE 130 HP 0.19 HR $0.98 $1.87 $0.96 $5.81 $9.61
BORDER DISC 65 HP 0.05 HR $0.26 $0.36 $0.09 $1.19 $1.90
DRILL 65 HP 0.25 HR $1.29 $1.82 $0.81 $4.24 $8.15
IRRIGATE (6X) 3.00 HR $15.45 $15.45
______ ___ ______ ______ ______ ______ ______
SUBTOTAL 4.67 HR $24.05 $15.67 $9.50 $33.75 $82.97
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $30.15 $30.15
HAUL (CUSTOM) $9.00 $9.00
______ ______
SUBTOTAL $39.15 $39.15
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.42 HR $2.15 $2.15
EMPLOYEE BENEFITS $4.33 $4.33
INSURANCE $0.48 $0.48
LAND TAXES $1.74 $1.74
SUPERVISION AND MANAGEMENT $14.04 $14.04
OTHER EXPENSES $80.99 $80.99
______ ___ ______ ______ ______ ______
SUBTOTAL 0.42 HR $81.47 $20.52 $1.74 $103.73
------ --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 5.09 HR $237.52 $44.57 $15.67 $9.50 $60.49 $372.75
NET OPERATING PROFIT ($226.92)
INTEREST ON OPERATING CAPITAL ( $70.50 @ 9.00%) $6.35
INTEREST ON EQUIPMENT INVESTMENT $20.68
RETURN TO LAND AND RISK ($253.94)
===========================================================================================================================
BUDGET SUMMARY
GROSS RETURN $145.84 VARIABLE OPERATING EXPENSES $262.69 RETURN OVER VARIABLE EXPENSES ($116.85) (GROSS MARGIN) FIXED EXPENSES $60.49 NET FARM INCOME ($177.34) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $44.57 NET OPERATING PROFIT ($221.92) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $27.03 RETURN TO LAND AND RISK ($248.94) ========================================================================================================