MICROCOMPUTER CROP COST AND RETURN GENERATOR

Transcription

1 MICROCOMPUTER CROP AND RETURN GENERATOR BUDGET AREA.. CAUSEY-LINGO AREA, ROOSEVELT COUN FARM SIZE.... 1, ACRES IRRIGATION TYPE DRYLAND NUMBER OF CROPS 3 VERSION 1.0 COPYRIGHT (C) 1984 by NEW MEXICO STATE UNIVERSITY BOARD OF REGENTS New Mexico State University is an equal opportunity employer. All programs are available to everyone regardless of race, color, religion, sex, age, handicap, or national origin. New Mexico State University and the U.S. Department of Agriculture Cooperating. * YOU MAY ENTER DATA IN ANY INPUT TABLE WITH HIGHLIGHTED CELLS OR YOU MAY STRIKE [ENTER] AND RETURN TO THE MENU ** BE SURE PRINTER IS ON AND PAPER IS ALIGNED BEFORE YOU PRINT

2 TABLE 1. Acreage Summary, Roosevelt County, BUDGET AREA CAUSEY-LINGO AREA, ROOSEVELT COUNTY FARM SIZE... 1,280 ACRES IRRIGATION TYPE DRYLAND NUMBER OF CROPS 3 LAND USE ACREAGE SUMMARY: (ACRES) GRAIN SORGHUM ARP 0.00 FLEX IN COTTON COTTON ARP 0.00 FLEX IN COTTON WHEAT ARP 0.00 FLEX IN COTTON ROADS, HOMESTEAD , TABLE 2. Basic cost information for the Causey-Lingo area, Roosevelt County, Item Labor Wage Rate: Equipment operators $/hour $8.55 General & Irrigators $/hour $7.50 Purchased Inputs: Seed: Wheat Grain Sorghum Cotton Fuel: Diesel fuel Gasoline $/pound $/pound $/pound $/gallon $/gallon.44 $1.32 $7.55 $2.70 $2.40 Employee Liability Insurance $/$1,000 wages $20.00 Employee Benefits percent/wages 18.00% Labor Downtime percent 25.00% Financial Rates: Operating Capital Interest Rate Land Interest Rate Equipment Interest Rate Real Interest Rate percent percent percent percent 5.50% 5.00% 5.50% 3.00% Land Taxes $89.00 /acre (full value).68 Personal Property Tax Rate Supervision Factor - NR - R $/$1,000 $/labor hour (Assessed Value) $23.08 $ Management Rate percent 7.00% TABLE 3. Overhead cost information for the Causey-Lingo area, Roosevelt County, Item Electricity (Domestic & Shop) Telephone Accounting & Legal Misc. Supplies & Hand Tools Pickup and Auto miles 32,703 Insurance - general liability (non-employee) - fire/theft Property Taxes - non-planted land - other than land & machinery Building repairs and maintenance Dues, fees, publications Farmstead per mile $ per month $ per month $2,972 $1,372 $1,873 $2,800 $16,351 $2,032 $1,575 $6,010 $1,530 $457 $203 Total $37,176 Total Per Planted Acre

3 TABLE 4. Equipment summary for a 1,280 acre, dryland farm with above average management, Causey-Lingo area, Roosevelt County, EQUIPMENT VARIABLE S S ANNUAL FUEL, OIL, FUEL, OIL REPAIR DEPRECIATIO PER ITEM & SIZE HOURS OF NUMBER REPAIR TAXES VALUE LUBRICANT PER HR PER HR N HR USE TRACTOR $17,335 $9,941 $642 $ $450 $61.75 TRACTOR $40,865 $12,146 $2,702 $24.21 $5.39 $5,985 $345 $12.62 TRUCK 2 TON $23,000 $6,397 $2,402 $17.15 $6.44 $4,600 $177 $12.81 COTTON STRIPPER 2 ROW $5,900 $ $1,533 $88 $5.12 (MT PLANTER 8 ROW $11,000 $286 $2.64 $2,200 $85 $21.08 CULTIVATOR 8 ROW $4,000 $719 $4.96 $533 $31 $3.89 DISC 18 FT OFFSET $7,500 $1,289 $9.30 $1,000 $58 $7.63 DRILL 40 FT 18 1 $7,750 $66 $3.72 $1,550 $60 $90.18 LISTER 8 ROW 81 1 $3,200 $322 $3.97 $427 $25 $5.55 STUBBLE MULCHER 20 FT 71 1 $6,500 $575 $8.06 $867 $50 $12.84 SHREDDER 4 ROW $2,500 $55.40 $333 $19 $2.58 SPRAYER (MTD) 21 1 $1,500 $15.72 $200 $12 $9.88 COMBINE 145 HP $51,677 $2,254 $266 $22.55 $2.66 $8,864 $512 $93.79 GRAIN HEAD 22 FT $3,600 $15.15 $501 $29 $5.30 ROD WEEDER 37 FT 63 1 $1,150 $90 $1.43 $153 $9 $2.57 CHISEL 9 PT 82 1 $1,350 $137 $1.67 $180 $10 $2.32 $188,826 $30,738 $9,874 $29,376 $1,569 EQUIPMENT LIST NEW USED YEARS EQUIP MAX FUEL LUBE ACCUM INTEREST VALUE VALUE LIFE CODE HOURS UNIT/HR COEF HOURS EXPENSE ITEM AGE TRACTOR TRACTOR TRUCK 2 TON COTTON STRIPPER (MT 2 ROW PLANTER 8 ROW CULTIVATOR 8 ROW DISC 18 FT OFFSET DRILL 40 FT LISTER 8 ROW STUBBLE MULCHER 20 FT SHREDDER 4 ROW SPRAYER (MTD) COMBINE 145 HP GRAIN HEAD 22 FT ROD WEEDER 37 FT CHISEL 9 PT USAGE LIST GRAIN PER ACRE SORGHUM COTTON WHEAT S hours per acre INTEREST PRORATION GRAIN SORGHUM COTTON WHEAT -----dollars per acre GRAIN SORGHUM ACRES: 357 PUMP WATER: POWER TIMES UNIT OVER RATE MACHINE CUSTOM DISC STUBBLE MULCH LISTER ROD WEED PLANTER CULTIVATOR SPRAYER COMBINE 22 FT HAUL 2 TON COTTON ACRES: 546 PUMP WATER: POWER TIMES UNIT OVER RATE MACHINE CUSTOM CHISEL DISC LISTER ROD WEED PLANTER CULTIVATOR (2X) HAND HOE (CUSTOM) 6.00 COTTON STRIPPER (MTD) HAUL 2 TON GIN COTTON (CUSTOM) PER # LINT 0.15 SHREDDER WHEAT ACRES: 357 PUMP WATER: POWER TIMES UNIT OVER RATE MACHINE CUSTOM STUBBLE MULCH DISC RODWEED DRILL COMBINE HAUL 2 TON ANNUAL REPAIR S AS A PERCENT OF NEW VALUE Hours of Use * * * * ** ** ** ** ** * Based on unpublished data of D. R. Hunt, Department of Agricultural Engineering, University of Illinois. ** Based on "Agricultural Machinery Data" in Agricultural Engineers Yearbook, Codes tractors 2 balers, combines, forage harvesters, windrowers, pickups 3 rotary hoe, disks, moldboard plows, chisels, field cultivators row cultivators, laser plane 4 harrows, wagons, floats, roto buck, drag, roller, water furrow, bed shaper 5 balewagons, cotton pickers, cotton strippers, corn pickers corn heads, forage equipment, rotary mowers, stalk choppers, feed wagons, farm trucks 6 rakes, cutterbar mower 7 baler w/ engine, manure spreader 8 planters, drills, seeding equipment, mounted sprayers 9 fertilizer distributing equipment

4 TABLE 5. Grain sorghum, dryland, budgeted per acre costs and returns for a 1,280 acre farm with above average management, Causey-Lingo area, Roosevelt County, Planting Dates: May 15 - May 30 Harvest Dates: October 15 - November 15 ITEM GROSS RETURNS GRAIN SORGHUM GRAZING PRICE $ $5.00 YIELD CWT CWT 0.00 CWT 1 ACRE $96.18 BASE 0.85 $ $5.00 PRICE QUANTITY INSECTICIDE CROP INSURANCE SUB $1.32 $ LBS 1 X/ACRE $3.96 $ $19.98 $3.96 $ $19.98 PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE REPAIRS DISC STUBBLE MULCH LISTER ROD WEED PLANTER CULTIVATOR SPRAYER 0.11 HR 0.10 HR 0.09 HR 0.05 HR 0.12 HR 0.10 HR 0.06 HR $ $2.66 $2.42 $2.18 $1.21 $1.75 $ $1.62 $ $2.23 $2.55 $ $ $7.45 $7.17 $5.43 $2.74 $5.83 $3.37 $2.13 SUB 0.63 HR $5.39 $12.57 $5.26 $10.89 $34.11 HARVEST OPERATIONS COMBINE HAUL 2 TON 0.14 HR 0.14 HR $1.20 $1.20 $3.16 $ $13.87 $1.79 $18.62 $6.29 SUB 0.28 HR $2.39 $5.56 $1.29 $15.67 $24.91 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE LAND TAXES SUPERVISION AND MANAGEMENT OTHER EXPENSES 0.12 HR.16 $1.00 $1.40 $ $1.00 $ $7.11 SUB 0.12 HR $29.66 $ $39.86 OPERATING EXPENSES 1.03 HR $49.65 $17.29 $18.12 $6.56 $27.24 $ NET OPERATING PROFIT ($22.68) INTEREST ON OPERATING CAPITAL INTEREST ON EQUIPMENT INVESTMENT ( 5.50% ).83 $9.40 RETURN TO LAND AND RISK ($32.91) BUDGET SUMMARY GROSS RETURN VARIABLE OPERATING EXPENSES RETURN OVER VARIABLE EXPENSES EXPENSES NET FARM INCOME LABOR AND MANAGEMENT NET OPERATING PROFIT CAPITAL S RETURN TO LAND AND RISK $74.33 $27.24 $17.29 $10.22 $96.18 $21.85 ($5.39) ($22.68) ($32.91) (GROSS MARGIN) (RETURN TO CAPITAL, LABOR, LAND & RISK) (RETURN TO CAPITAL, LAND & RISK)

5 TABLE 6. Upland cotton (stripper), dryland, budgeted per acre costs and returns for a 1,280 acre farm with above average management, Causey-Lingo area, Roosevelt County, Planting Dates: May 1 - June 10 Harvest Dates: October 15 - November 15 ITEM GROSS RETURNS LINT PRICE YIELD LBS 400 LBS LBS LBS BASE $ $ $29.18 $ PRICE QUANTITY INSECTICIDE (CUSTOM) CROP INSURANCE SUB $7.55 $ LBS 1 X/ACRE $ $ $ $ $ $ PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE REPAIRS CHISEL DISC LISTER ROD WEED PLANTER CULTIVATOR (2X) HAND HOE (CUSTOM) 0.15 HR 0.11 HR 0.09 HR 0.05 HR 0.12 HR 0.20 HR $6.00 $ $1.03 $1.71 $3.63 $2.66 $2.18 $1.21 $2.91 $2.92 $1.06 $ $1.18 $2.24 $2.23 $ $ $8.21 $7.45 $5.43 $2.74 $8.94 $6.74 $6.00 SUB 0.72 HR $6.00 $6.16 $15.51 $6.00 $11.84 $45.51 HARVEST OPERATIONS COTTON STRIPPER (MTD) HAUL GIN COTTON (CUSTOM) 2 TON 0.58 HR 0.50 HR $38.40 $4.96 $4.28 $8.48 $8.58 $1.08 $3.22 $3.41 $6.40 $17.92 $22.48 $38.40 SUB 1.08 HR $38.40 $9.23 $17.05 $4.30 $9.81 $78.80 POST HARVEST OPERATIONS SHREDDER 0.25 HR $2.14 $ $6.96 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE LAND TAXES SUPERVISION AND MANAGEMENT OTHER EXPENSES 0.47 HR.35 $4.04 $3.15 $ $4.04 $ $18.49 SUB 0.47 HR $29.86 $ $56.23 OPERATING EXPENSES 2.52 HR $ $43.21 $36.22 $10.64 $23.16 $ NET OPERATING PROFIT ($70.16) INTEREST ON OPERATING CAPITAL INTEREST ON EQUIPMENT INVESTMENT ( 5.50% ) $4.12 $6.43 RETURN TO LAND AND RISK ($80.71) BUDGET SUMMARY GROSS RETURN VARIABLE OPERATING EXPENSES RETURN OVER VARIABLE EXPENSES EXPENSES NET FARM INCOME LABOR AND MANAGEMENT NET OPERATING PROFIT CAPITAL S RETURN TO LAND AND RISK $ $23.16 $43.21 $10.55 $ ($3.78) ($26.95) ($70.16) ($80.71) (GROSS MARGIN) (RETURN TO CAPITAL, LABOR, LAND & RISK) (RETURN TO CAPITAL, LAND & RISK)

6 TABLE 7. Wheat, dryland, budgeted per acre costs and returns for a 1,280 acre farm with above average management, Causey-Lingo area, Roosevelt County, Planting dates: August 15 - September 15 Harvesting dates: June 1 - June 25 ITEM PRICE YIELD BASE GROSS RETURNS WHEAT GRAZING $ $ BUSHELS BUSHEL 1.00 ACRE $ $ $10.00 PRICE QUANTITY CROP INSURANCE LB $ $13.34 $ $13.34 PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE REPAIRS STUBBLE MULCH DISC RODWEED DRILL 0.10 HR 0.11 HR 0.05 HR 0.05 HR $2.42 $2.66 $ $1.34 $ $2.55 $ $4.55 $7.17 $7.45 $2.74 $5.94 SUB 0.31 HR $2.65 $7.03 $3.53 $10.08 $23.29 HARVEST OPERATIONS COMBINE HAUL 2 TON 0.14 HR 0.14 HR $1.20 $1.20 $3.16 $ $13.87 $1.79 $18.62 $6.29 SUB 0.28 HR $2.39 $5.56 $1.29 $15.67 $24.91 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE LAND TAXES SUPERVISION AND MANAGEMENT OTHER EXPENSES 0.10 HR $ $6.40 SUB 0.10 HR $29.61 $ $38.45 OPERATING EXPENSES 0.41 HR $42.81 $13.21 $12.58 $4.83 $26.43 $99.85 NET OPERATING PROFIT ($10.65) INTEREST ON OPERATING CAPITAL INTEREST ON EQUIPMENT INVESTMENT ( 5.50% ).54 $9.24 RETURN TO LAND AND RISK ($20.43) BUDGET SUMMARY GROSS RETURN VARIABLE OPERATING EXPENSES RETURN OVER VARIABLE EXPENSES EXPENSES NET FARM INCOME LABOR AND MANAGEMENT NET OPERATING PROFIT CAPITAL S RETURN TO LAND AND RISK $60.22 $26.43 $13.21 $9.78 $89.20 $28.98 $2.55 ($10.65) ($20.43) (GROSS MARGIN) (RETURN TO CAPITAL, LABOR, LAND & RISK) (RETURN TO CAPITAL, LAND & RISK)

7 TABLE 8. Summary of per acre costs and returns for a 1,280 acre farm with above average management, Roosevelt County GRAIN SORGHUM STRIPPER COTTON WHEAT CWT LBS BU PRIMARY YIELD PRIMARY PRICE $ $4.40 GOVERNMENT PAYMENTS SECOND INCOME $5.00 $39.00 $10.00 GROSS RETURN $96.18 $ $89.20 CASH OPERATING EXPENSES $3.96 $ $13.20 FERTILIZER CHEMICALS $15.88 $20.01 CROP INSURANCE OTHER CANAL WATER FUEL, OIL & LUBRICANTS-EQUIPMENT $18.12 $36.22 $12.58 FUEL-IRRIGATION REPAIRS $6.56 $10.64 $4.83 CUSTOM CHARGES.00 $ LAND TAXES OTHER EXPENSES $29.66 $29.86 $29.61 CASH EXPENSES $75.01 $ $61.04 RETURN OVER CASH EXPENSES $21.17 ($4.47) $28.16 EXPENSES $26.56 $22.48 $25.75 EXPENSES $ $ $86.79 NET FARM INCOME ($5.39) ($26.95) $2.41 LABOR AND MANAGEMENT S $17.29 $43.21 $13.21 NET OPERATING PROFIT ($22.68) ($70.16) ($10.79) CAPITAL S INTEREST ON OPERATING CAPITAL.83 $ INTEREST ON EQUIPMENT INVESTMENT $9.40 $6.43 $9.24 CAPITAL S $10.22 $10.55 $9.78 RETURN TO LAND AND RISK ($32.91) ($80.71) ($20.57)

8 TABLE 9. Whole farm summary, Causey-Lingo area, Roosevelt County, GROSS RETURNS GRAIN SORGHUM ACRES CROP GRAZING COTTON ACRES LINT WHEAT ACRES CROP GRAZING $32,551 $1,785 $99,645 $21,294 $28,274 $3,570 GROSS RETURN $187,119 CASH OPERATING EXPENSES FERTILIZER CHEMICALS CROP INSURANCE OTHER CANAL WATER FUEL, OIL & LUBRICANTS-EQUIPMENT FUEL-IRRIGATION REPAIRS CUSTOM CHARGES LAND TAXES OTHER EXPENSES $67,961 $16,594 $150 $30,738 $9,874 $24,242 $863 $37,459 CASH EXPENSES $187,880 RETURN OVER CASH EXPENSES ($761) EXPENSES $30,946 EXPENSES $218,826 NET FARM INCOME ($31,707) LABOR AND MANAGEMENT S $34,484 NET OPERATING PROFIT ($66,190) CAPITAL S INTEREST ON OPERATING CAPITAL INTEREST ON EQUIPMENT INVESTMENT $2,735 $10,165 CAPITAL S $12,900 RETURN TO LAND AND RISK ($79,090) RETURN RETURN ON LAND VALUE TO RISK* INVESTMENT** $150 /ACRE $200 /ACRE $250 /ACRE $300 /ACRE $350 /ACRE $400 /ACRE ($84,850) ($86,770) ($88,690) ($90,610) ($92,530) ($94,450) % % % % % -9.44% * RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES ACREAGE) ** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS LAND VALUE)