TABLE 8. Summary of per acre costs and returns for a 1,280 acre farm with above
average management, Union County, 2001.
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CORN FOR GRAINHAYGRAZER
WHEAT GRAIN SORGHUM & MILLET
-----SPRINKLER----- -DRYLAND-
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BU BU CWT TONS
PRIMAR YIELD 80.00 200.00 45.00 1.50
PRIMARY PRICE 3.00 2.00 3.00 90.00
GOVERNMENT PAYMENTS 36.80 52.00 24.75 0.00
SECOND INCOME 37.50 20.00 5.00 0.00
GROSS RETURN $314.30 $472.00 $164.75 $135.00
CASH OPERATING EXPENSES
SEED $11.00 $25.51 $5.20 $1.32
FERTILIZER $21.60 $154.20 $82.50
CHEMICALS $85.40 $26.84 $14.10
CROP INSURANCE $0.08 $0.28 $0.19
OTHER PURCHASED INPUTS $3.33
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $9.92 $17.12 $12.78 $6.03
FUEL-IRRIGATION $32.21 $99.57 $35.14
REPAIRS $14.07 $36.04 $15.50 $3.93
CUSTOM CHARGES $0.00
LAND TAXES $0.25 $0.25 $0.25 $0.25
OTHER EXPENSES $26.04 $26.25 $26.07 $5.26
________ ________ ________ ________
TOTAL CASH EXPENSES $115.18 $444.61 $204.46 $34.22
RETURN OVER CASH EXPENSES $199.12 $27.39 ($39.71) $100.78
FIXED EXPENSES $37.45 $86.58 $48.01 $17.47
TOTAL EXPENSES $152.63 $531.20 $252.48 $51.69
NET FARM INCOME $161.67 ($59.20) ($87.73) $83.31
LABOR AND MANAGEMENT COSTS $36.89 $63.09 $28.73 $16.34
NET OPERATING PROFIT $124.78 ($122.29)($116.46) $66.97
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $2.62 $15.86 $6.51 $1.02
INTEREST ON EQUIPMENT INVESTMENT $13.95 $33.02 $19.84 $13.46
________ ________ ________ ________
TOTAL CAPITAL COSTS $16.57 $48.88 $26.35 $14.48
RETURN TO LAND AND RISK $108.21 ($171.16)($142.81) $52.49
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