TABLE 10. Summary of per acre costs and returns for a 1,280 acre farm with above average
management, Union County, 2001.
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ALFALFA ALFALFA CORN FOR GRAINHAYGRAZER
ESTABLISHMENT HAY WHEAT GRAIN SORGHUM & MILLET
----------------SPRINKLER---------------- -DRYLAND-
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TONS BU BU CWT TONS
PRIMARY YIELD 6.50 80.00 200.00 45.00 1.50
PRIMARY PRICE 120.00 3.00 2.00 3.00 90.00
GOVERNMENT PAYMENTS 0.00 36.80 52.00 24.75 0.00
SECOND INCOME 0.00 40.00 20.00 5.00 0.00
GROSS RETURN $780.00 $316.80 $472.00 $164.75 $135.00
CASH OPERATING EXPENSES
SEED $65.90 $11.00 $25.51 $5.20 $1.32
FERTILIZER $68.90 $21.60 $182.70 $82.50
CHEMICALS $61.97 $21.55 $12.52
CROP INSURANCE $0.12 $0.39 $0.39
OTHER PURCHASED INPUTS $14.17 $3.33
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $3.74 $9.69 $9.85 $16.93 $12.66 $5.87
FUEL-IRRIGATION $8.13 $108.47 $30.49 $94.24 $33.26
REPAIRS $4.83 $32.41 $17.14 $39.89 $18.16 $3.66
CUSTOM CHARGES $0.00
LAND TAXES $0.25 $0.25 $0.25 $0.25 $0.25
OTHER EXPENSES $0.11 $30.24 $30.10 $30.31 $30.13 $29.98
________ ________ ________ ________ ________ ________
TOTAL CASH EXPENSES $82.71 $264.12 $120.55 $452.20 $204.09 $56.92
RETURN OVER CASH EXPENSES ($82.71) $515.88 $196.25 $19.80 ($39.34) $78.08
FIXED EXPENSES $15.86 $67.12 $44.97 $101.94 $66.52 $8.75
TOTAL EXPENSES $98.57 $331.24 $165.52 $554.14 $270.62 $65.68
NET FARM INCOME ($98.57) $448.76 $151.28 ($82.14)($105.87) $69.32
LABOR AND MANAGEMENT COSTS $14.92 $79.37 $37.15 $63.28 $28.80 $16.34
NET OPERATING PROFIT ($113.50) $369.39 $114.13 ($145.42)($134.67) $52.98
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $6.93 $2.60 $15.33 $6.25 $0.94
INTEREST ON EQUIPMENT INVESTMENT $10.85 $18.41 $42.20 $29.15 $5.75
________ ________ ________ ________ ________ ________
TOTAL CAPITAL COSTS $0.00 $17.78 $21.01 $57.53 $35.40 $6.69
RETURN TO LAND AND RISK ($113.50) $351.61 $93.11 ($202.94)($170.07) $46.29
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