TABLE 5. Summary of per acre costs and returns for a 640 acre
farm with above average management, Union County, 2001
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GRAIN
WHEAT SORGHUM
---DRYLAND---
---------------------------------------------------------------
BU CWT
PRIMARY YIELD 35.00 15.00
PRIMARY PRICE 3.00 3.00
GOVERNMENT PAYMENTS 16.10 8.25
SECOND INCOME 20.00 0.00
GROSS RETURN $141.10 $53.25
CASH OPERATING EXPENSES
SEED $3.30 $3.12
FERTILIZER $13.50 $13.75
CHEMICALS $15.25
CROP INSURANCE
OTHER PURCHASED INPUTS
CANAL WATER
FUEL, OIL & LUBRICANTS-EQUIPMENT $6.07 $6.70
FUEL-IRRIGATION
REPAIRS $3.00 $3.92
CUSTOM CHARGES $21.60 $23.35
LAND TAXES $0.08 $0.08
OTHER EXPENSES $24.00 $24.00
________ ________
TOTAL CASH EXPENSES $71.55 $90.18
RETURN OVER CASH EXPENSES $69.55 ($36.93)
FIXED EXPENSES $7.93 $8.44
TOTAL EXPENSES $79.47 $98.62
NET FARM INCOME $61.63 ($45.37)
LABOR AND MANAGEMENT COSTS $15.30 $9.71
NET OPERATING PROFIT $46.33 ($55.08)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $1.12 $1.86
INTEREST ON EQUIPMENT INVESTMENT $4.68 $4.95
________ ________
TOTAL CAPITAL COSTS $5.80 $6.81
RETURN TO LAND AND RISK $40.53 ($61.89)
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