TABLE 18. Whole farm budget summary, Socorro County, 2001.
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GROSS RETURNS
ALFALFA HAY 40.0 ACRES
CROP $31,200
GRAZING $400
PERMANENT PASTURE 25.0 ACRES
GRAZING $4,500
OAT HAY 5.0 ACRES
CROP $1,375
SUDAN HAY (AOH) 10.0 ACRES
CROP $2,250
GRAZING $100
SUDAN HAY 10.0 ACRES
CROP $4,500
GRAZING $100
CORN SILAGE 10.0 ACRES
CROP $6,160
WHEAT 50.0 ACRES
CROP $11,250
GRAZING $500
ASCS DEFICIENCY $1,733
ASCS DIVERSION $0
BARLEY 10.0 ACRES
CROP $1,205
GRAZING $100
ASCS DEFICIENCY $153
ASCS DIVERSION $0
CORN FOR GRAIN 20.0 ACRES
CROP $6,069
GRAZING $200
ASCS DEFICIENCY $782
ASCS DIVERSION $0
GREEN CHILE 5.0 ACRES
GREEN $9,000
RED $2,500
LIVESTOCK $25,861
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GROSS RETURN $109,938
CASH OPERATING EXPENSES
FORAGE $5,700
LIVESTOCK $41,293
SEED $3,590
FERTILIZER $17,069
CHEMICALS $2,708
CROP INSURANCE $150
OTHER PURCHASED INPUTS $1,650
CANAL WATER $5,000
FUEL, OIL & LUBRICANTS-EQUIPMENT $3,810
FUEL-IRRIGATION $0
REPAIRS $2,043
CUSTOM CHARGES $9,117
LAND TAXES $308
OTHER EXPENSES $14,500
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TOTAL CASH EXPENSES $106,938
RETURN OVER CASH EXPENSES $3,000
FIXED EXPENSES $9,973
TOTAL EXPENSES $116,911
NET FARM INCOME ($6,973)
LABOR AND MANAGEMENT COSTS $14,715
NET OPERATING PROFIT ($21,688)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1,322
INTEREST ON EQUIPMENT INVESTMENT $6,813
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TOTAL CAPITAL COSTS $8,135
RETURN TO LAND AND RISK ($29,824)
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$1,000 /ACRE ($37,824) -8.88%
$2,000 /ACRE ($45,824) -4.88%
$3,000 /ACRE ($53,824) -3.37%
$4,000 /ACRE ($61,824) -2.57%
$5,000 /ACRE ($69,824) -2.08%
$6,000 /ACRE ($77,824) -1.74%
$7,000 /ACRE ($85,824) -1.50%