TABLE 6. Sorghum hay, 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: July 1 - July 31
Harvesting dates: August 10 - September 30
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
SORGHUM HAY $110.00 2.00 TONS (STACKED) $220.00
GRAZING $5.00 1.00 ACRE $5.00
_______
TOTAL $225.00
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PURCHASED
PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL
-------------- ----- ---------------- ------------ ------
SEED $1.04 35 LBS $36.40 $36.40
WIRE $0.36 17 LBS $6.09 $6.09
CANAL WATER 24 AC. IN. $30.00 $30.00
------------ ______
SUBTOTAL $72.49 $72.49
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
-------------- -------------- ---------------- ------------ ----- ----- ------- ----- ------
DISC 96 HP 0.17 HR $0.88 $1.60 $0.41 $5.98 $8.86
DRILL 50 HP 0.25 HR $1.29 $1.64 $0.84 $15.64 $19.40
IRRIGATE (4X) 2.00 HR $10.30 $10.30
---------------- ______ ______ ______ ______ _______
SUBTOTAL 2.42 HR $12.46 $3.24 $1.24 $21.62 $38.57
HARVEST OPERATIONS
--------------
SWATHER (2X) 14 FT. 0.32 HR $1.65 $1.68 $1.02 $10.17 $14.51
BALER, PTO (2X) 50 HP 0.42 HR $2.16 $2.76 $1.30 $9.12 $15.34
BALEWAGON $23.40 $23.40
---------------- ______ ______ ______ ______ _______
SUBTOTAL 0.74 HR $3.81 $4.43 $2.32 $19.29 $53.25
OVERHEAD EXPENSES
--------------
DOWNTIME 0.29 HR $1.49 $1.49
EMPLOYEE BENEFITS $2.93 $2.93
INSURANCE $0.33 $0.33
LAND TAXES $2.44 $2.44
SUPERVISION AND MANAGEMENT $18.33 $18.33
OTHER EXPENSES $53.78 $53.78
---------------- ______ ______ ______ ______
SUBTOTAL 0.29 HR $54.11 $22.75 $2.44 $79.30
---------------- ------- ------ ------ ------ ------ -------
TOTAL OPERATING EXPENSES 3.45 HR $126.59 $39.03 $7.67 $3.57 $43.35 $243.61
NET OPERATING PROFIT ($18.61)
INTEREST ON OPERATING CAPITAL ( $37.93 @ 9.00%) $3.41
INTEREST ON EQUIPMENT INVESTMENT $28.59
RETURN TO LAND AND RISK ($50.61)
===============================================================================================================================
BUDGET SUMMARY
GROSS RETURN $225.00 VARIABLE OPERATING EXPENSES $137.83 RETURN OVER VARIABLE EXPENSES $87.17 (GROSS MARGIN) FIXED EXPENSES $43.35 NET FARM INCOME $43.82 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $39.03 NET OPERATING PROFIT $4.79 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $32.00 RETURN TO LAND AND RISK ($27.21) =============================================================================================================