TABLE 10. Whole farm summary, Valencia and Southern Bernalillo Counties,
2001.
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GROSS RETURNS
ALFALFA HAY 20 ACRES
CROP $9,200
GRAZING $200
SMALL GRAIN HAY 5 ACRES
CROP $1,313
SORGHUM HAY 5 ACRES
CROP $850
GRAZING $25
GREEN CHILE 1 ACRES
GREEN $2,063
RED $600
JALPENOS 1 ACRES
CROP $3,685
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GROSS RETURN $17,935
CASH OPERATING EXPENSES
SEED $765
FERTILIZER $849
CHEMICALS $104
CROP INSURANCE $0
OTHER PURCHASED INPUTS $362
CANAL WATER $960
FUEL, OIL & LUBRICANTS-EQUIPMENT $544
FUEL-IRRIGATION $0
REPAIRS $76
CUSTOM CHARGES $1,278
LAND TAXES $132
OTHER EXPENSES $3,803
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TOTAL CASH EXPENSES $8,872
RETURN OVER CASH EXPENSES $9,063
FIXED EXPENSES $1,179
TOTAL EXPENSES $10,051
NET FARM INCOME $7,884
LABOR AND MANAGEMENT COSTS $6,051
NET OPERATING PROFIT $1,833
CAPITAL COSTS
INTEREST ON OPERATING CAPITAL $139
INTEREST ON EQUIPMENT INVESTMENT $1,506
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TOTAL CAPITAL COSTS $1,645
RETURN TO LAND AND RISK $188
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RETURN RETURN ON
LAND VALUE TO RISK* INVESTMENT**
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$5,000 /ACRE ($5,812) 1.11%
$6,500 /ACRE ($7,612) 0.87%
$8,000 /ACRE ($9,412) 0.72%
$9,500 /ACRE ($11,212) 0.61%
$11,000 /ACRE ($13,012) 0.53%
$12,500 /ACRE ($14,812) 0.47%
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* RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES AC
** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS LA