TABLE 8. Grain sorghum, sprinkler-irrigated, budgeted per acre costs and returns for a 1,280 acre farm
with above average management, Union County, 2001.
Planting dates: May 15 - June 15
Harvesting dates: October 15 - November 15
---------------------------------------------------------------------------------------------------------------------
ITEM PRICE YIELD TOTAL
---------------------------------------------------------------------------------------------------------------------
GROSS RETURNS
GRAIN SORGHUM $3.00 45.00 CWT $135.00
ASCS DEFICIENCY $0.55 45.00 CWT $24.75
ASCS DIVERSION $0.00 0.00 CWT $0.00
GRAZING $5.00 1.00 ACRE $5.00
_______
TOTAL $164.75
---------------------------------------------------------------------------------------------------------------------
PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ ------
SEED $1.04 5 LBS $5.20 $5.20
NITROGEN (N) $0.42 150 LBS $63.00 $63.00
PHOSPHATE (P205) $0.39 50 LBS $19.50 $19.50
HERBICIDE $21.55 1 ACRE $21.55 $21.55
LIVESTOCK FAC & EQUIP $5.00 $5.00
PUMP WATER* 12 AC. IN.
CROP INSURANCE $0.39 _______ _______ $0.39
SUBTOTAL $109.25 $5.00 $114.64
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ----- ------- ----- ------
DISC 185 HP 0.07 HR $0.53 $1.02 $0.68 $2.70 $4.92
CHISEL 185 HP 0.09 HR $0.68 $1.31 $0.43 $2.67 $5.08
DISC & SPRAY 185 HP 0.10 HR $0.76 $1.45 $1.18 $4.70 $8.08
PLANTER 126 HP 0.12 HR $0.91 $1.12 $1.49 $4.79 $8.30
ROLLING CULT. 126 HP 0.10 HR $0.76 $0.93 $0.73 $1.72 $4.14
SIDEDRESS ANHYDROUS 185 HP 0.17 HR $1.28 $2.47 $0.69 $4.53 $8.97
IRRIGATE (6X) 0.60 HR $4.05 $33.26 $8.94 $12.07 $58.32
_________ ______ ______ ______ ______ _______
SUBTOTAL 1.25 HR $8.96 $41.56 $14.13 $33.17 $97.82
HARVEST OPERATIONS
------- ----------
COMBINE GRAIN TABLE 0.14 HR $1.06 $1.74 $3.19 $12.11 $18.09
GRAIN CART 93 HP 0.14 HR $1.06 $1.31 $0.40 $1.48 $4.24
TRUCK 2 T 18 FT 0.14 HR $1.06 $1.30 $0.45 $14.76 $17.58
_________ _______ ______ ______ ______ ______ ______
SUBTOTAL 0.42 HR $0.00 $3.17 $4.36 $4.03 $28.35 $39.91
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.23 HR $1.70 $1.70
EMPLOYEE BENEFITS $2.18 $2.18
INSURANCE $0.24 $0.24
LAND TAXES $0.25 $0.25
SUPERVISION AND MANAGEMENT $12.79 $12.79
OTHER EXPENSES $29.89 $29.89
_________ _______ ______ ______ ______
SUBTOTAL 0.23 HR $30.13 $16.67 $0.25 $47.05
--------- -------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 1.90 HR $139.38 $28.80 $45.92 $18.16 $66.77 $299.42
NET OPERATING PROFIT ($134.67)
INTEREST ON OPERATING CAPITAL ( $69.44 @ 9.00%) $6.25
INTEREST ON EQUIPMENT INVESTMENT $29.15
RETURN TO LAND AND RISK ($170.07)
=====================================================================================================================
* Pump water costs are shown under irrigation in the preharvest operations section
BUDGET SUMMARY
GROSS RETURN $164.75 VARIABLE OPERATING EXPENSES $203.45 RETURN OVER VARIABLE EXPENSES ($38.70) (GROSS MARGIN) FIXED EXPENSES $66.77 NET FARM INCOME ($105.47) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $28.80 NET OPERATING PROFIT ($134.28) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $35.40 RETURN TO LAND AND RISK ($169.68) ===================================================================================================