TABLE 15. Chile, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above average
management, Socorro County, 2001.
Planting dates: March 15 - May 1
Harvest dates: August 1 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
GREEN $0.15 12000.00 LBS $1,800.00
RED $1.25 400.00 LBS $500.00
_________
TOTAL $2,300.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ------ ------ ----- ------- ----- ------
SEED $21.00 7 LBS $147.00 $147.00
ANHYDROUS AMMONIA (NH3) $0.2000 250 LBS $50.00 $50.00
NITROGEN (N) $0.42 10 LBS $4.20 $4.20
PHOSPHATE (P205) $0.39 12 LBS $4.68 $4.68
SACKS $0.35 330 EACH $115.50 $115.50
HERBICIDE $18.15 1 ACRE $18.15 $18.15
CANAL WATER 48 AC. IN. $25.00 $25.00
_______ _______ _______
SUBTOTAL $339.53 $25.00 $364.53
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
LISTER 65 HP 0.18 HR $0.93 $1.31 $0.46 $6.70 $9.39
PRE-IRRIGATE 0.75 HR $3.86 $3.86
HARROW 65 HP 0.19 HR $0.98 $1.38 $0.19 $1.39 $3.94
PLANTER 130 HP 0.26 HR $1.34 $2.56 $1.90 $23.86 $29.66
CULTIVATOR (10X) 130 HP 2.10 HR $10.82 $20.68 $12.35 $47.74 $91.58
SPRAYER (2X) 65 HP 0.30 HR $1.55 $2.18 $0.60 $10.10 $14.43
THIN & HOE (CUSTOM) $100.00 $100.00
IRRIGATE (11X) 5.50 HR $28.33 $28.33
______ ___ _______ _______ ______ ______ ______ _______
SUBTOTAL 10.65 HR $100.00 $54.85 $41.60 $24.09 $118.13 $338.66
HARVEST OPERATIONS
------- ----------
HARVEST (CUSTOM) $620.00 $620.00
HAUL & SELL 65 HP 15.00 HR $77.25 $109.06 $14.52 $13.36 $214.19
______ ___ _______ _______ ______ ______ _______ _______
SUBTOTAL 15.00 HR $620.00 $77.25 $109.06 $14.52 $13.36 $834.19
OVERHEAD EXPENSES
-------- --------
DOWNTIME 4.85 HR $24.98 $24.98
EMPLOYEE BENEFITS $23.78 $23.78
INSURANCE $2.64 $2.64
LAND TAXES $1.74 $1.74
SUPERVISION AND MANAGEMENT $142.68 $142.68
OTHER EXPENSES $80.99 $80.99
______ ___ ______ _______ _______ _______
SUBTOTAL 4.85 HR $83.63 $191.43 $1.74 $276.80
------- --- --------- ------- ------- ------- ------- ---------
TOTAL OPERATING EXPENSES 30.50 HR $1,143.17 $323.53 $150.65 $38.61 $158.22 $1,814.18
NET OPERATING PROFIT $485.82
INTEREST ON OPERATING CAPITAL ( $248 @ 9.00%) $22.33
INTEREST ON EQUIPMENT INVESTMENT $90.97
RETURN TO LAND AND RISK $372.51
===========================================================================================================================
BUDGET SUMMARY
GROSS RETURN $2,300.00 VARIABLE OPERATING EXPENSES $1,332.43 RETURN OVER VARIABLE EXPENSES $967.57 (GROSS MARGIN) FIXED EXPENSES $158.22 NET FARM INCOME $809.35 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $323.53 NET OPERATING PROFIT $485.82 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $113.31 RETURN TO LAND AND RISK $372.51 ========================================================================================================