TABLE 9. Haygrazer/millet, dryland, budgeted per acre costs and returns for a 1,280 acre farm
with above average management, Union County, 2001.
Planting dates: June 1 - June 15
Harvesting dates: September 1 - September 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
HAY $90.00 1.50 TONS $135.00
_______
TOTAL $135.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
--------- ------ ------ ----------- ------ ------
SEED $0.22 6 LBS $1.32 $1.32
HERBICIDE $12.52 1 ACRE $12.52 $12.52
BALING TWINE $25.00 0.13 ROLL $3.33 $3.33
______ _______
SUBTOTAL $17.17 $17.17
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ----------- --------- ----- ------ ------- ------ ------
CHISEL 185 HP 0.09 HR $0.68 $1.31 $0.43 $2.67 $5.08
DISC 185 HP 0.07 HR $0.53 $1.02 $0.68 $2.70 $4.92
DRILL 126 HP 0.12 HR $0.91 $1.12 $1.78 $1.70 $5.50
_________ ______ ______ ______ ______ _______
SUBTOTAL 0.28 HR $2.11 $3.44 $2.88 $7.06 $15.50
HARVEST OPERATIONS
------- ----------
SWATHER 14 FT SP 0.16 HR $1.21 $0.84 $0.00 $0.94 $2.98
BALER 126 HP 0.17 HR $1.28 $1.58 $0.78 $0.75 $4.40
_________ _______ ______ ______ ______ ______ ______
SUBTOTAL 0.33 HR $0.00 $2.49 $2.42 $0.78 $1.69 $7.38
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.15 HR $1.15 $1.15
EMPLOYEE BENEFITS $0.83 $0.83
INSURANCE $0.09 $0.09
LAND TAXES $0.25 $0.25
SUPERVISION AND MANAGEMENT $9.76 $9.76
OTHER EXPENSES $29.89 $29.89
_________ _______ ______ ______ ______
SUBTOTAL 0.15 HR $29.98 $11.74 $0.25 $41.96
--------- -------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 0.43 HR $47.15 $16.34 $5.87 $3.66 $9.00 $82.02
NET OPERATING PROFIT $52.98
INTEREST ON OPERATING CAPITAL ( $10.43 @ 9.00%) $0.94
INTEREST ON EQUIPMENT INVESTMENT $5.75
RETURN TO LAND AND RISK $46.29
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BUDGET SUMMARY
GROSS RETURN $135
VARIABLE OPERATING EXPENSES $56.68
RETURN OVER VARIABLE EXPENSES $78.32 (GROSS MARGIN)
FIXED EXPENSES $9.00
NET FARM INCOME $69.32 (RETURN TO CAPITAL, LABOR, LAND & RISK)
LABOR AND MANAGEMENT COST $16.34
NET OPERATING PROFIT $52.98 (RETURN TO CAPITAL, LAND & RISK)
CAPITAL COSTS $6.69
RETURN TO LAND AND RISK $46.29
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