TABLE 7. Corn silage, flood-irrigated, budgeted per acre costs and returns for a 100 acre farm with above average
management, Valencia and Southern Bernalillo Counties, 2001.
Planting dates: May 1 - June 15
Harvesting dates: August 15 - September 30
-------------------------------------------------------------------------------------------------------------------------------
ITEM PRICE YIELD TOTAL
-------------------------------------------------------------------------------------------------------------------------------
GROSS RETURNS
CORN SILAGE $16.00 20.00 TONS (STANDING) $320.00
_________
TOTAL $320.00
-------------------------------------------------------------------------------------------------------------------------------
PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
-------------- ------ ---------------- ------- ------
SEED $0.98 30 000 $29.44 $29.44
ANHYDROUS AMMONIA (NH3) $0.2000 125 LBS $25.00 $25.00
HERBICIDE (GRANULAR) $6.53 1 ACRE $6.53 $6.53
INSECTICIDE (GRANULAR) $32.64 1 ACRE $32.64 $32.64
CANAL WATER 42 AC. IN. $30.00 $30.00
_______ _______
SUBTOTAL $123.60 $123.60
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
--------------------- -------------- --------------- ------------ ----- ----- ------ ----- ------
PLOW 96 HP 0.67 HR $3.45 $6.29 $2.06 $21.41 $33.21
DISC (2X) 96 HP 0.34 HR $1.75 $3.19 $0.82 $11.97 $17.73
LAND PLANE 96 HP 0.24 HR $1.24 $2.25 $0.14 $20.22 $23.84
LISTER/PLANTER 96 HP 0.26 HR $1.34 $2.44 $0.43 $55.01 $59.22
CULTIVATOR (2X) 50 HP 0.42 HR $2.16 $2.76 $1.61 $27.93 $34.47
IRRIGATE (8X) 4.00 HR $20.60 $20.60
--------------- _______ _______ _______ _______ _______
SUBTOTAL 5.93 HR $30.54 $16.93 $5.06 $136.54 $189.07
OVERHEAD EXPENSES
--------------
DOWNTIME 0.48 HR $2.48 $2.48
EMPLOYEE BENEFITS $5.50 $5.50
INSURANCE $0.61 $0.61
LAND TAXES $4.88 $4.88
SUPERVISION AND MANAGEMENT $27.37 $27.37
OTHER EXPENSES $107.56 $107.56
--------------- _______ _______ _______ _______
SUBTOTAL 0.48 HR $108.17 $35.35 $4.88 $148.40
--------------- --------- ------- ------- ------- ------- ---------
TOTAL OPERATING EXPENSES 6.41 HR $231.77 $65.89 $16.93 $5.06 $141.42 $461.06
NET OPERATING PROFIT ($141.06)
INTEREST ON OPERATING CAPITAL ( $67.30 @ 9.00%) $6.06
INTEREST ON EQUIPMENT INVESTMENT $84.29
RETURN TO LAND AND RISK ($231.41)
===============================================================================================================================
BUDGET SUMMARY
GROSS RETURN $320.00 VARIABLE OPERATING EXPENSES $253.76 RETURN OVER VARIABLE EXPENSES $66.24 (GROSS MARGIN) FIXED EXPENSES $141.42 NET FARM INCOME ($75.18) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $65.89 NET OPERATING PROFIT ($141.06) (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $90.35 RETURN TO LAND AND RISK ($231.41) =============================================================================================================