TABLE 14. Corn silage, 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: August 20 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
CORN SILAGE $28.00 22.00 TONS (HAULED) $616.00
_________
TOTAL $616.00
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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 225 LBS $45.00 $45.00
NITROGEN (N) $0.42 40 LBS $16.80 $16.80
PHOSPHATE (P2O5) $0.39 90 LBS $35.10 $35.10
HERBICIDE $7.26 1 X/ACRE $7.26 $7.26
INSECTICIDE (CUSTOM) $20.04 1 X/ACRE $20.04 $20.04
CANAL WATER 36 AC. IN. $25.00 $25.00
_______ _______ _______
SUBTOTAL $148.73 $25.00 $173.73
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 (6X) 3.00 HR $15.45 $15.45
______ ___ _______ ______ ______ ______ _______
SUBTOTAL 6.32 HR $32.55 $22.88 $12.34 $69.61 $137.38
HARVEST OPERATIONS
------- ----------
ENSILAGE CHOPPER (CUSTOM) $55.00 $55.00
HAUL (CUSTOM) $100.00 $100.00
_______ _______
SUBTOTAL $155.00 $155.00
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.60 HR $3.06 $3.06
EMPLOYEE BENEFITS $5.86 $5.86
INSURANCE $0.65 $0.65
LAND TAXES $1.74 $1.74
SUPERVISION AND MANAGEMENT $50.51 $50.51
OTHER EXPENSES $80.99 $80.99
______ ___ _______ _______ _______ _______
SUBTOTAL 0.60 HR $81.64 $59.43 $1.74 $142.81
------- --- --------- ------- ------- ------- ------- ---------
TOTAL OPERATING EXPENSES 6.92 HR $385.38 $91.98 $22.88 $12.34 $96.34 $608.92
NET OPERATING PROFIT $7.08
INTEREST ON OPERATING CAPITAL ( $96.09 @ 9.00%) $8.65
INTEREST ON EQUIPMENT INVESTMENT $32.75
RETURN TO LAND AND RISK ($34.32)
===========================================================================================================================
BUDGET SUMMARY
GROSS RETURN $616.00 VARIABLE OPERATING EXPENSES $420.60 RETURN OVER VARIABLE EXPENSES $195.40 (GROSS MARGIN) FIXED EXPENSES $96.34 NET FARM INCOME $99.06 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $91.98 NET OPERATING PROFIT $7.08 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $41.39 RETURN TO LAND AND RISK ($34.32) ========================================================================================================