TABLE 6. 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 $26.84 1 ACRE $26.84 $26.84
LIVESTOCK FAC & EQUIP $5.00 $5.00
PUMP WATER* 12 AC. IN.
CROP INSURANCE $0.19 _______ _______ $0.19
SUBTOTAL $114.54 $5.00 $119.73
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 $0.47 $1.82 $3.83
CHISEL 185 HP 0.09 HR $0.68 $1.31 $0.69 $1.79 $4.46
DISC & SPRAY 185 HP 0.10 HR $0.76 $1.45 $0.95 $3.07 $6.23
PLANTER 126 HP 0.12 HR $0.91 $1.19 $1.69 $2.25 $6.04
ROLLING CULT. 126 HP 0.10 HR $0.76 $0.99 $0.58 $1.32 $3.65
SIDEDRESS 185 HP 0.17 HR $1.28 $2.47 $1.15 $3.02 $7.92
IRRIGATE (6X) 0.60 HR $3.99 $35.14 $8.94 $14.23 $62.30
_________ ______ ______ ______ ______ _______
SUBTOTAL 1.25 HR $8.90 $43.57 $14.47 $27.49 $94.43
HARVEST OPERATIONS
------- ----------
COMBINE GRAIN TABLE 0.14 HR $1.06 $1.74 $0.18 $7.82 $10.80
GRAIN TABLE 93 HP 0.14 HR $1.06 $1.31 $0.13 $0.59 $3.09
HAUL 2 TON 0.14 HR $1.06 $1.30 $0.71 $7.11 $10.18
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.42 HR $0.00 $3.17 $4.36 $1.02 $15.52 $24.07
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.23 HR $1.70 $1.70
EMPLOYEE BENEFITS $2.17 $2.17
INSURANCE $0.24 $0.24
LAND TAXES $0.25 $0.25
SUPERVISION AND MANAGEMENT $12.79 $12.79
OTHER EXPENSES $25.83 $25.83
_________ ______ ______ ______ ______
SUBTOTAL 0.23 HR $26.07 $16.66 $0.25 $42.98
--------- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 1.90 HR $140.61 $28.73 $47.93 $15.50 $48.26 $281.21
NET OPERATING PROFIT ($116.46)
INTEREST ON OPERATING CAPITAL ( $72.32 @ 9.00%) $6.51
INTEREST ON EQUIPMENT INVESTMENT $19.84
RETURN TO LAND AND RISK ($142.81)
=====================================================================================================================
* Pump water costs are shown under irrigation in the preharvest operations section.
BUDGET SUMMARY
GROSS RETURN $164.75 VARIABLE OPERATING EXPENSES $204.03 RETURN OVER VARIABLE EXPENSES ($39.28) (GROSS MARGIN) FIXED EXPENSES $48.26 NET FARM INCOME ($87.54) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $28.73 NET OPERATING PROFIT ($116.27) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $26.35 RETURN TO LAND AND RISK ($142.62) ===================================================================================================