TABLE 7. Permanent pasture, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above
average management, Socorro County, 2001.
Harvest dates: Year Round
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
PASTURE $12.00 15.00 AUMS $180.00
_______
TOTAL $180.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ----- ------ ----- ------ ------ ------
ANHYDROUS AMMONIA (NH3) $0.2000 200 LBS $40.00 $40.00
ESTABLISHMENT: Principal 7 YEARS $20.84 $20.84
: Interest $6.26 $6.26
CANAL WATER 60 AC. IN. $30.00 $30.00
______ ______ _______
SUBTOTAL $40.00 $57.09 $97.09
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
OVERHEAD EXPENSES
-------- --------
DOWNTIME $0.00 $0.00
EMPLOYEE BENEFITS $4.64 $4.64
INSURANCE $0.52 $0.52
LAND TAXES $1.74 $1.74
SUPERVISION AND MANAGEMENT $15.10 $15.10
OTHER EXPENSES $80.99 $80.99
______ ______ ______ ______
SUBTOTAL $81.51 $19.74 $1.74 $102.98
------ --- ------ ------ ------- -------
TOTAL OPERATING EXPENSES 5.00 HR $121.51 $45.49 $58.83 $225.82
NET OPERATING PROFIT ($45.82)
INTEREST ON OPERATING CAPITAL ( $97.09 @ 9.00%) $4.95
INTEREST ON EQUIPMENT INVESTMENT $0.00
RETURN TO LAND AND RISK ($50.77)
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BUDGET SUMMARY
GROSS RETURN $180.00 VARIABLE OPERATING EXPENSES $121.51 RETURN OVER VARIABLE EXPENSES $58.49 (GROSS MARGIN) FIXED EXPENSES $58.83 NET FARM INCOME ($0.34) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $45.49 NET OPERATING PROFIT ($45.82) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $4.95 RETURN TO LAND AND RISK ($50.77) ========================================================================================================