TABLE 8. Summary of per acre costs and returns for a 100 acre farm with above average
average management 2001.
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SMALL CORN
ALFALFA ALFALFA GRAIN SORGHUM FOR
ESTABLISHMENT HAY HAY HAY SILAGE
--------------------FLOOD---------------------
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TONS TONS TONS TONS
PRIMARY YIELD 5.00 2.50 2.00 20.00
PRIMARY PRICE 125.00 110.00 110.00 16.00
GOVERNMENT PAYMENTS 0.00 0.00 0.00 0.00
SECOND INCOME 10.00 0.00 5.00 0.00
GROSS RETURN $635.00 $275.00 $225.00 $320.00
CASH OPERATING EXPENSES
SEED $59.00 $18.40 $36.40 $29.44
FERTILIZER $49.80 $35.10 $25.00
CHEMICALS $20.69 $39.16
CROP INSURANCE
OTHER PURCHASED INPUTS $15.39 $9.31 $6.09
CANAL WATER $30.00 $30.00 $30.00 $30.00
FUEL, OIL & LUBRICANTS-EQUIPMENT $11.45 $8.87 $15.92 $7.67 $16.93
FUEL-IRRIGATION
REPAIRS $3.86 $4.64 $5.16 $3.57 $5.06
CUSTOM CHARGES $70.71 $23.40
LAND TAXES $4.88 $2.44 $2.44 $4.88
OTHER EXPENSES $0.24 $108.12 $54.18 $54.11 $108.17
________ ________ ________ ________ ________
TOTAL CASH EXPENSES $195.06 $251.10 $135.40 $140.27 $258.64
RETURN OVER CASH EXPENSES ($195.06) $383.90 $139.60 $84.73 $61.36
FIXED EXPENSES $54.67 $99.12 $84.54 $40.91 $136.54
TOTAL EXPENSES $249.73 $350.22 $219.94 $181.18 $395.18
NET FARM INCOME ($249.73) $284.78 $55.06 $43.82 ($75.18)
LABOR AND MANAGEMENT COSTS $35.68 $84.40 $48.50 $39.03 $65.89
NET OPERATING PROFIT ($285.40) $200.38 $6.55 $4.79 ($141.06)
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $4.83 $3.02 $3.41 $6.06
INTEREST ON EQUIPMENT INVESTMENT $31.53 $28.59 $28.59 $84.29
________ ________ ________ ________ ________
TOTAL CAPITAL COSTS $0.00 $36.36 $31.61 $32.00 $90.35
RETURN TO LAND AND RISK ($285.40) $164.02 ($25.06) ($27.21)($231.41)
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