TABLE 13.Oat hay, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above average
management, Socorro County, 2001.
Planting dates: March 1 - March 31
Harvest dates: June 15 - July 1
---------------------------------------------------------------------------------------------------------------------------
ITEM PRICE YIELD TOTAL
---------------------------------------------------------------------------------------------------------------------------
GROSS RETURNS
OAT HAY $110.00 2.50 TONS (STACKED) $275.00
_______
TOTAL $275.00
---------------------------------------------------------------------------------------------------------------------------
PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ------ ----- ------ ----- ------
SEED $0.23 100 LBS $23.00 $23.00
ANHYDROUS AMMONIA (NH3) $0.2000 100 LBS $20.00 $20.00
WIRE $0.36 21 LBS $7.71 $7.71
CANAL WATER 24 AC. IN. $25.00 $25.00
______ ______ ______
SUBTOTAL $50.71 $25.00 $75.71
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 (5X) 2.50 HR $12.88 $12.88
______ ___ ______ ______ ______ ______ _______
SUBTOTAL 4.17 HR $21.48 $15.67 $9.50 $33.75 $80.40
HARVEST OPERATIONS
------- ----------
SWATHER 14 FT. 0.16 HR $0.82 $0.81 $0.42 $6.77 $8.82
BALER 65 HP 0.21 HR $1.08 $1.53 $0.40 $1.98 $4.99
BALE WAGON 130 HP 0.20 HR $1.03 $1.97 $2.00 $6.42 $11.42
______ ___ ______ ______ ______ ______ _______
SUBTOTAL 0.57 HR $2.94 $4.30 $2.81 $15.17 $25.22
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.56 HR $2.88 $2.88
EMPLOYEE BENEFITS $4.39 $4.39
INSURANCE $0.49 $0.49
LAND TAXES $0.87 $0.87
SUPERVISION AND MANAGEMENT $22.87 $22.87
OTHER EXPENSES $40.50 $40.50
______ ___ ______ ______ ______ ______
SUBTOTAL 0.56 HR $40.98 $30.15 $0.87 $72.00
------ --- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 5.30 HR $91.70 $54.56 $19.97 $12.31 $74.79 $253.33
NET OPERATING PROFIT $21.67
INTEREST ON OPERATING CAPITAL ( $32.24 @ 9.00%) $2.90
INTEREST ON EQUIPMENT INVESTMENT $40.48
RETURN TO LAND AND RISK ($21.71)
===========================================================================================================================
BUDGET SUMMARY
GROSS RETURN $275.00 VARIABLE OPERATING EXPENSES $123.98 RETURN OVER VARIABLE EXPENSES $151.02 (GROSS MARGIN) FIXED EXPENSES $74.79 NET FARM INCOME $76.22 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $54.56 NET OPERATING PROFIT $21.67 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $43.38 RETURN TO LAND AND RISK ($21.71) ========================================================================================================