TABLE 12. Corn for grain, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with
above average management, Socorro County, 2001.
Planting dates: April 15 - May 15
Harvest dates: October 20 - November 20
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
CORN $3.57 85.00 CWT $303.45
ASCS DEFICIENCY $0.46 85.00 CWT $39.10
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $10.00 1.00 AUM $10.00
_______
TOTAL $352.55
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ------ ----- ------ ------ ------
SEED $78.50 25 000 $24.53 $24.53
ANHYDROUS AMMONIA (NH3) $0.2000 250 LBS $50.00 $50.00
NITROGEN (N) $0.42 40 LBS $16.80 $16.80
PHOSPHATE (P2O5) $0.39 90 LBS $35.10 $35.10
INSECTICIDE (CUSTOM) $14.53 2 X/ACRE $29.06 $29.06
HERBICIDE $9.88 1 X/ACRE $9.88 $9.88
CANAL WATER 48 AC. IN. $25.00 $25.00
CROP INSURANCE $2.50 ______ ______ $2.50
SUBTOTAL $165.37 $25.00 $192.87
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
SPRAYER 65 HP 0.15 HR $0.77 $1.09 $0.30 $5.05 $7.21
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 (2X) 65 HP 0.42 HR $2.16 $3.05 $0.90 $4.27 $10.39
IRRIGATE (8X) 4.00 HR $20.60 $20.60
______ ___ ______ ______ ______ ______ _______
SUBTOTAL 7.32 HR $37.70 $22.88 $12.34 $69.61 $142.53
HARVEST OPERATIONS
------- ----------
COMBINE (CUSTOM) $35.70 $35.70
HAUL (CUSTOM) $17.00 $17.00
______ ______
SUBTOTAL $52.70 $52.70
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.38 HR $1.96 $1.96
EMPLOYEE BENEFITS $6.79 $6.79
INSURANCE $0.75 $0.75
LAND TAXES $1.74 $1.74
SUPERVISION AND MANAGEMENT $29.44 $29.44
OTHER EXPENSES $80.99 $80.99
______ ___ ______ ______ ______ ______
SUBTOTAL 0.38 HR $81.74 $38.18 $1.74 $121.66
------ --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 7.70 HR $299.82 $75.88 $22.88 $12.34 $96.34 $509.76
NET OPERATING PROFIT ($157.21)
INTEREST ON OPERATING CAPITAL ( $97.13 @ 9.00%) $8.74
INTEREST ON EQUIPMENT INVESTMENT $20.68
RETURN TO LAND AND RISK ($186.63)
===========================================================================================================================
BUDGET SUMMARY
GROSS RETURN $352.55 VARIABLE OPERATING EXPENSES $335.04 RETURN OVER VARIABLE EXPENSES $17.51 (GROSS MARGIN) FIXED EXPENSES $96.34 NET FARM INCOME ($78.83) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $75.88 NET OPERATING PROFIT ($154.71) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $29.42 RETURN TO LAND AND RISK ($184.13) ========================================================================================================