TABLE 7. Summary of per acre costs and returns for an 80 acre part-time farm,
Dry Cimarron area, Union County, 2001.
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NATIVE
ALFALFA ALFALFA GRASS
ESTABLISHMENT HAY HAY
------------FLOOD-----------
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TONS TONS
PRIMARY YIELD 4.00 1.50
PRIMARY PRICE 120.00 110.00
GOVERNMENT PAYMENTS 0.00 0.00
SECOND INCOME 15.00 13.00
GROSS RETURN $495.00 $178.00
CASH OPERATING EXPENSES
SEED $53.10
FERTILIZER
CHEMICALS
CROP INSURANCE
OTHER PURCHASED INPUTS $12.34 $4.63
CANAL WATER $5.00 $5.00
FUEL, OIL & LUBRICANTS-EQUIPMENT $2.60 $50.72 $20.77
FUEL-IRRIGATION $4.81 $3.61
REPAIRS $0.27 $41.12 $15.79
CUSTOM CHARGES
LAND TAXES $0.25 $0.25
OTHER EXPENSES $0.27 $120.83 $120.12
________ ________ ________
TOTAL CASH EXPENSES $56.24 $235.07 $170.17
RETURN OVER CASH EXPENSES ($56.24) $259.93 $7.83
FIXED EXPENSES $0.27 $85.50 $39.91
TOTAL EXPENSES $56.51 $320.57 $210.09
NET FARM INCOME ($56.51) $174.43 ($32.09)
LABOR AND MANAGEMENT COSTS $23.06 $149.52 $73.08
NET OPERATING PROFIT ($79.57) $24.91 ($105.17)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1.58 $0.79
INTEREST ON EQUIPMENT INVESTMENT $0.49 $25.09
________ ________ ________
TOTAL CAPITAL COSTS $0.00 $2.07 $25.88
RETURN TO LAND AND RISK ($79.57) $22.84 ($131.05)
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