TABLE 1. Basic cost information for Union County, 2001.
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Item
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Labor Wage Rate:
Equipment operators $/hour $7.55
General & Irrigators $/hour $6.65
Purchased Inputs:
Fertilizer:
Nitrogen (N) $/pound $0.42
Phosphate (P205) $/pound $0.39
Seed:
Wheat $/pound $0.11
Corn for Grain $/bag $78.50
Grain Sorghum $/pound $1.04
Haygrazer/Millet $/pound $0.22
Natural gas $/MCF $3.71
(service charge) $/month $10.00
Diesel fuel $/gallon $1.40
Gasoline $/gallon $1.35
Electricity cents/KwHr 5.71
LP Gas $/gallon $1.02
Baling Twine $/roll $25.00
Employee Liability Insurance $/$1,000 wages $20.00
Employee Benefits percent/wages 18.00%
Labor Downtime percent 25.00%
Financial Rates:
Operating Capital Interest Rate percent 9.00%
Land Interest Rate percent 7.50%
Equipment Interest Rate percent 9.00%
Real Interest Rate percent 4.00%
Land Taxes $27.00 /acre $0.25
Personal Property Tax Rate - NR $/$1,000 (Assessed $27.40
- R Value) $24.37
Supervision Factors
Field Crop-Irrigation $/labor hour $1.00
Field Crop-Equipment & General $/labor hour $0.50
Management Rate percent 7.00%
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TABLE 1a. Overhead cost information for Union County, 2001.
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ITEM
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Electricity (Domestic & Shop) $410.00 per month $4,920
Telephone $200.00 per month $2,400
Accounting & Legal $3,045
Misc. Supplies & Hand Tools $3,695
Pickup and Auto
miles 31,000 @ $0.325 per mile $10,075
Insurance
- general liability (non-employee) $3,795
- fire/theft $1,925
Property Taxes
- non-planted land $14
- other than land & machinery $925
Building repairs and maintenance $1,605
Dues, fees, publications $370
Farmstead Equipment $240
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Total $33,009
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Total per planted acre $25.83
Total per dryland acre $5.17
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