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 $6.75
Purchased Inputs:
Seed:
Wheat $/pound $0.11
Grain Sorghum $/pound $1.04
Diesel fuel $/gallon $1.40
Gasoline $/gallon $1.35
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 $12.00 /acre (full value) $0.08
Personal Property Tax Rate - NR $/$1,000 (Assessed $21.04
- R Value) $19.57
Supervision Factor $/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) $205.00 per month $2,460
Telephone $90.00 per month $1,080
Accounting & Legal $990
Misc. Supplies & Hand Tools $1,505
Pickup and Auto
miles 15,450 @ $0.325 per mile $5,021
Insurance
- general liability (non-employee) $1,300
- fire/theft $990
Property Taxes
- non-planted land $2
- other than land & machinery $465
Building repairs and maintenance $495
Dues, fees, publications $370
Farmstead Equipment $155
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Total $14,833
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Total per planted acre $23.92
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