TABLE 7. 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 (STACKED) $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 $14.10 1 ACRE $14.10 $14.10
BALING TWINE $25.00 0.13 ROLL $3.33 $3.33
______ _______
SUBTOTAL $18.75 $18.75
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 $0.69 $1.79 $4.46
DISC 185 HP 0.07 HR $0.53 $1.02 $0.47 $1.82 $3.83
DRILL 126 HP 0.12 HR $0.91 $1.19 $1.76 $1.68 $5.53
_________ ______ ______ ______ ______ _______
SUBTOTAL 0.28 HR $2.11 $3.51 $2.92 $5.28 $13.83
HARVEST OPERATIONS
------- ----------
SWATHER 0.16 HR $1.21 $0.84 $0.32 $8.33 $10.70
BALER 126 HP 0.17 HR $1.28 $1.68 $0.68 $3.86 $7.50
_________ ______ ______ ______ ______ ______ ______
SUBTOTAL 0.33 HR $0.00 $2.49 $2.52 $1.00 $12.19 $18.20
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 $5.17 $5.17
_________ ______ ______ ______ ______
SUBTOTAL 0.15 HR $5.26 $11.74 $0.25 $17.24
--------- ------- ------- ------- ------- ------- -------
TOTAL OPERATING EXPENSES 0.43 HR $24.01 $16.34 $6.03 $3.93 $17.72 $68.03
NET OPERATING PROFIT $66.97
INTEREST ON OPERATING CAPITAL ( $11.28 @ 9.00%) $1.02
INTEREST ON EQUIPMENT INVESTMENT $13.46
RETURN TO LAND AND RISK $52.49
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* Pump water costs are shown under irrigation in the preharvest operations sections.
BUDGET SUMMARY
GROSS RETURN $135.00 VARIABLE OPERATING EXPENSES $33.97 RETURN OVER VARIABLE EXPENSES $101.03 (GROSS MARGIN) FIXED EXPENSES $17.72 NET FARM INCOME $83.31 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $16.34 NET OPERATING PROFIT $66.97 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $14.48 RETURN TO LAND AND RISK $52.49 ===================================================================================================