TABLE 4. Alfalfa hay, flood-irrigated, budgeted per acre costs and returns for a 30 acre part-time farm,
Valencia and Southern Bernalillo Counties, 2001.
Harvesting dates: June 1 - October 15
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ITEM PRICE YIELD TOTAL
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GROSS RETURNS
ALFALFA HAY $115.00 4.00 TONS (IN FIELD) $460.00
GRAZING $10.00 1.00 ACRE $10.00
_______
TOTAL $470.00
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PURCHASED FIXED
PURCHASED INPUTS PRICE QUANTITY INPUTS COST TOTAL
--------- ------ ------ ------------ ------ ------ ------
PHOSPHATE (P2O5) $0.39 90 LBS $35.10 $35.10
WIRE $0.36 30 LBS $10.80 $10.80
ESTABLISHMENT: Principal 6 YEARS $38.97 $38.97
: Interest $11.88 $11.88
CANAL WATER 44 AC. IN. $30.00 $30.00
______ ______ _______
SUBTOTAL $75.90 $50.86 $126.76
POWER ACCOMPLISHMENT PURCHASED FUEL FIXED
PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL
---------- ---------- -------------- ------------ --------- ------ ------ ------- ------ -------
IRRIGATE (8X) 6.00 HR $30.90 $30.90
HARVEST OPERATIONS
------- ----------
SWATHER (CUSTOM) $23.33 $23.33
BALER, PTO (4X) 65 HP 1.08 HR $5.56 $7.11 $1.24 $22.35 $36.26
__________ ______ ______ ______ ______ ______ ______
SUBOTOTAL 1.08 HR $23.33 $5.56 $7.11 $1.24 $22.35 $59.59
OVERHEAD EXPENSES
-------- --------
DOWNTIME 0.27 HR $1.39 $1.39
EMPLOYEE BENEFITS $0.67 $0.67
INSURANCE $0.07 $0.07
LAND TAXES $4.88 $4.88
SUPERVISION AND MANAGEMENT $25.34 $25.34
OTHER EXPENSES $139.24 $139.24
__________ ______ ______ ______ ______
SUBTOTAL 0.27 HR $139.30 $27.40 $4.88 $171.58
---------- ------ ------ ------ ------ ------- -------
TOTAL OPERATING EXPENSES 1.35 HR $238.53 $63.86 $7.11 $1.24 $78.09 $388.83
NET OPERATING PROFIT $81.17
INTEREST ON OPERATING CAPITAL ( $40.59 @ 9.00%) $3.65
INTEREST ON EQUIPMENT $20.66
RETURN TO LAND AND RISK $56.87
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BUDGET SUMMARY
GROSS RETURN $470.00 VARIABLE OPERATING EXPENSES $246.88 RETURN OVER VARIABLE EXPENSES $223.12 (GROSS MARGIN) FIXED EXPENSES $78.09 NET FARM INCOME $145.03 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $63.86 NET OPERATING PROFIT $81.17 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $24.31 RETURN TO LAND AND RISK $56.87 ========================================================================================================