VERSION 1.0. COPYRIGHT (C) 1984 by NEW MEXICO STATE UNIVERSITY BOARD OF REGENTS

Transcription

1 MICROCOMPUTER CROP COST AND RETURN GENERATOR BUDGET AREA..... CURRY COUNTY FARM SIZE 1, ACRES IRRIGATION TYPE.. DRYLAND NUMBER OF CROPS... 2 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, Curry County, BUDGET AREA.. CURRY COUNTY FARM SIZE 1600 ACRES IRRIGATION TYPE.. DRYLAND NUMBER OF CROPS... 2 LAND USE ACREAGE SUMMARY: (ACRES) WHEAT ARP 0.00 FLEX IN WHEAT GRAIN SORGHUM ARP 0.00 FLEX IN WHEAT FALLOW ROADS, HOMESTEAD TOTAL 1, TABLE 2. Basic cost information for Curry County, Item Labor Wage Rate: Equipment operators General & Irrigators $/hour $/hour $7.75 $7.50 Purchased Inputs: Fertilizer: Anhydrous Ammonia $/ton $ Seed: Wheat Grain Sorghum $/pound $/pound.44 $1.2 Diesel fuel Gasoline $/gallon $/gallon $2.70 $2.40 Employee Liability Insurance $/$1,000 wages $20.00 Employee Benefits /wages 18.00% Labor Downtime 25.00% Financial Rates: Operating Capital Interest Rate Land Interest Rate Equipment Interest Rate Real Interest Rate 5.50% 5.00% 5.50%.00% Land Taxes /acre (full value) Personal Property Tax Rate - NR - R $/$1,000 (Assessed Value) $21.5 $20.59 Supervision Factors Field Crop-Equipment & General $/labor hour $1.00 Management Rate 7.00% TABLE. Overhead cost information for Curry County, Item Electricity (Domestic & Shop) Telephone Accounting & Legal Misc. Supplies & Hand Tools Pickup and Auto miles 8,100 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 $,048 $1,524 $1,861 $2,819 $19,050 $2,508 $2,007 $1,651 $457 $191 Total $5,116 Total Per Planted Acre

3 TABLE 4. Equipment summary for a 1,600 acre dryland farm with above average management, Curry County, EQUIPMENT ANNUAL ITEM & SIZE HOURS OF NUMBER USE VARIABLE COSTS TOTAL FUEL, OIL, FUEL, OIL REPAIR VALUE LUBRICANT PER HR REPAIR PER HR COSTS TOTAL PER DEPRECIATION TAXES HR TRACTOR 5 HP $40,865 $4,6 $971 $24.21 $5.9 $5,985 $22 $5.00 TRACTOR 0 HP $75,975 $8,174 $1,959 $4.14 $10.4 $11,485 $618 $6.88 DRILL 40 FT 5 1 $7,750 $197 $.72 $1,550 $56 $0.29 SWEEPS 45 FT $6,750 $887 $8.7 $900 $48 $8.95 ROTARY HOE 24 FT 2 1 $1,900 $5 $2.6 $25 $14 $11.85 ROD WEEDER 40 FT 5 1 $1,200 $79 $1.49 $160 $9 $.18 CULTIVATOR 6 ROW 59 1 $5,000 $6 $6.20 $667 $6 $12.00 FERT SPREADER DEALER FURNISHED 77 1 TOTAL $19,49 $12,56 $4,509 $21,000 $1,10 EQUIPMENT LIST ITEM NEW VALUE USED VALUE YEARS LIFE EQUIP CODE MAX HOURS FUEL UNIT/HR LUBE COEF ACCUM HOURS AGE INTEREST EXPENSE TRACTOR 5 HP TRACTOR 0 HP DRILL 40 FT SWEEPS 45 FT ROTARY HOE 24 FT ROD WEEDER 40 FT CULTIVATOR 6 ROW FERT SPREADER DEALER FURNISHED 89, ,280,500 1,500,800 2,400 10,000 40,865 75,975 7,750 6,750 1,900 1,200 5, , , USAGE LIST GRAIN PER ACRE WHEAT SORGHUM TOTALS hours per acre INTEREST PRORATION GRAIN WHEATRGHUM -----dollars/acre WHEAT ACRES: ACCOMPLISHMENT POWER TIMES UNIT OVER RATE TOTAL MACHINE CUSTOM SWEEP (2X) ROD WEEDER DRILL COMBINE GRAIN (CUSTOM) BASE RATE 9.25 EXTRA CHARGE PER BUSHEL OVER HAUL (CUSTOM) PER BUSHEL 0.16 GRAIN SORGHUM ACRES: ACCOMPLISHMENT POWER TIMES UNIT OVER RATE TOTAL MACHINE CUSTOM SWEEP (2X) ROD WEEDER ANHYDROUS APPL 5 HP DRILL 5 HP ROTARY HOE 5 HP CULTIVATOR 5 HP COMBINE (CUSTOM) BASE RATE 9.67 EXTRA CHARGE PER CWT OVER HAUL (CUSTOM) PER CWT 0.19 ANNUAL REPAIR COSTS AS A PERCENT OF NEW VALUE Hours of Use * * * * ** ** ** ** ** * Based on unpublished data of D. R. Hunt, Department of Agricultural Engineering, University of Illinois. "Agricultural Machinery Data" in Agricultural ** Based on Engineers Yearbook, Codes tractors 2 balers, combines, forage harvesters, windrowers, pickups 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. Wheat, dryland, budgeted per acre costs and returns for a 1,600 acre farm with above average management, Curry County, Planting Dates: September 1 - October Harvesting Dates: June - July ITEM PRICE YIELD Base TOTAL GROSS RETURNS WHEAT $4.40 DIRECT PAYMENT.00 COUNTER CYCLICAL PAYMENT.00 GRAZING $ BUSHELS BUSHE ACRE $ $12.00 TOTAL $91.20 PURCHASED INPUTS PRICE QUANTITY PURCHASED INPUTS COST TOTAL SEED.44 HERBICIDE $7.05 CROP INSURANCE.08 SUBTOTAL 0 LBS $ ACRE $ $20. $1.20 $ $20. PREHARVEST OPERATIONS POWER UNIT ACCOMPLISHMENT PURCHASED FUEL & RATE INPUTS LABOR LUBE REPAIRS COST TOTAL SWEEP (2X) ROD WEEDER DRILL 0.10 HR.78 $ HR.9 $ HR.9 $2.16 $1.87 $ $.5.70 $4.71 $14.24 $6.49 $7.96 SUBTOTAL 0.20 HR $1.55 $8.6 $.16 $.4 $28.69 HARVEST OPERATIONS COMBINE (CUSTOM) HAUL (CUSTOM) $9.25 $2.88 $9.25 $2.88 SUBTOTAL $12.1 $12.1 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE LAND TAXES SUPERVISION AND MANAGEMENT OTHER EXPENSES 0.05 HR $ $6.58 SUBTOTAL 0.05 HR $22.12 $7.25 $69.7 TOTAL OPERATING EXPENSES 0.25 HR $54.58 $8.80 $8.6 $.16 $55.4 $10.52 NET OPERATING PROFIT ($9.2) INTEREST ON OPERATING CAPITAL INTEREST ON EQUIPMENT INVESTMENT ( 5.50% ).58 $5.82 RETURN TO LAND AND RISK ($45.71) BUDGET SUMMARY GROSS RETURN VARIABLE OPERATING EXPENSES RETURN OVER VARIABLE EXPENSES EXPENSES NET FARM INCOME LABOR AND MANAGEMENT COST NET OPERATING PROFIT RETURN TO LAND AND RISK $66.7 $55.4 $8.80 $6.40 $91.20 $24.8 (GROSS MARGIN) ($0.52) (RETURN TO CAPITAL, LABOR, LAND & RISK) ($9.2) (RETURN TO CAPITAL, LAND & RISK) ($45.71)

5 TABLE 6. Grain sorghum, dryland, budgeted per acre costs and returns for a 1,600 acre farm with aboveaverage management, Curry County, Planting Dates: May - June 20 Harvesting Dates: October - November ITEM PRICE YIELD BASE TOTAL GROSS RETURNS GRAIN SORGHUM $6.08 DIRECT PAYMENT.00 COUNTER CYCLICAL PAYMENT.00 GRAZING $ CWT CWT CWT 1.00 ACRE $ $4.00 TOTAL $11.41 PURCHASED INPUTS PRICE QUANTITY PURCHASED INPUTS COST TOTAL SEED $1.2 ANHYDROUS.21 HERBICIDE $1.22 INSECTICIDE $1.22 CROP INSURANCE.11 SUBTOTAL 2 LBS $ LBS $ X/ACRE $ X/ACRE $ $9.04 $1.98 $10.50 $1.22 $ $9.04 PREHARVEST OPERATIONS POWER UNIT ACCOMPLISHMENT PURCHASED FUEL & RATE INPUTS LABOR LUBE REPAIRS COST TOTAL SWEEP (2X) ROD WEEDER ANHYDROUS APPL DRILL ROTARY HOE CULTIVATOR 5 HP 5 HP 5 HP 5 HP 0.10 HR.78 $ HR.9 $ HR $1.2 $ HR.9 $ HR.9 $ HR $1.01 $. $ $1.51 $7.28 $.5 $5.95 $.26 $2.4 $6.11 $14.24 $6.49 $12.0 $5.2 $4. $11.77 SUBTOTAL 0.55 HR $4.26 $16. $5.7 $28.0 $54.45 HARVEST OPERATIONS COMBINE (CUSTOM) HAUL (CUSTOM) $9.67 $.42 $9.67 $.42 SUBTOTAL $1.09 $1.09 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE LAND TAXES SUPERVISION AND MANAGEMENT OTHER EXPENSES 0.10 HR $ $8.49 SUBTOTAL 0.10 HR $22.17 $10.0 $72.20 TOTAL OPERATING EXPENSES 0.65 HR $74.0 $14.29 $16. $5.7 $68.0 $ NET OPERATING PROFIT ($65.6) INTEREST ON OPERATING CAPITAL INTEREST ON EQUIPMENT INVESTMENT ( 5.50% ) $1.4 $10.89 RETURN TO LAND AND RISK ($77.68) BUDGET SUMMARY GROSS RETURN VARIABLE OPERATING EXPENSES RETURN OVER VARIABLE EXPENSES EXPENSES NET FARM INCOME LABOR AND MANAGEMENT COST NET OPERATING PROFIT RETURN TO LAND AND RISK $96.18 $68.0 $14.29 $12.2 $11.41 $17.24 (GROSS MARGIN) ($51.07) (RETURN TO CAPITAL, LABOR, LAND & RISK) ($65.6) (RETURN TO CAPITAL, LAND & RISK) ($77.68)

6 TABLE 7. Summary of per acre costs and returns for a 1,600 acre farm with above average management, Curry County, WHEAT GRAIN SORGHUM BUSHELS CWT PRIMARY YIELD PRIMARY PRICE $4.40 $6.08 GOVERNMENT PAYMENTS SECOND INCOME $12.00 ACRE $4.00 ACRE GROSS RETURN $91.20 $11.41 CASH OPERATING EXPENSES SEED $1.20 $1.98 FERTILIZER $10.50 CHEMICALS $7.05 $26.44 CROP INSURANCE OTHER PURCHASED INPUTS FUEL, OIL & LUBRICANTS-EQUIPMENT $8.6 $16. REPAIRS $.16 $5.7 CUSTOM CHARGES $12.1 $1.09 LAND TAXES OTHER EXPENSES $22.12 $22.17 TOTAL CASH EXPENSES $106.7 $16.18 RETURN OVER CASH EXPENSES ($.17) ($22.76) EXPENSES $.4 $28.0 TOTAL EXPENSES $ $ NET FARM INCOME ($0.52) ($51.07) LABOR AND MANAGEMENT COSTS $8.80 $14.29 NET OPERATING PROFIT ($9.2) ($65.6) INTEREST ON OPERATING CAPITAL.58 $1.4 INTEREST ON EQUIPMENT INVESTMENT $5.82 $10.89 TOTAL $6.40 $12.2 RETURN TO LAND AND RISK ($45.71) ($77.68) Flex Computation

7 TABLE 8. Whole farm summary, Curry County, GROSS RETURNS WHEAT 50 acres CROP GRAZING DIRECT PAYMENT COUNTER CYCLICAL PAYMENT GRAIN SORGHUM 50 acres CROP GRAZING DIRECT PAYMENT COUNTER CYCLICAL PAYMENT $41,976 $6,60 $57,990 $2,120 GROSS RETURN $108,446 CASH OPERATING EXPENSES SEED FERTILIZER CHEMICALS CROP INSURANCE OTHER PURCHASED INPUTS FUEL, OIL & LUBRICANTS-EQUIPMENT REPAIRS CUSTOM CHARGES LAND TAXES OTHER EXPENSES $8,97 $4,70 $16,212 $100 $12,56 $4,509 $1,290 $42,400 $2,468 TOTAL CASH EXPENSES $126,18 RETURN OVER CASH EXPENSES ($17,77) EXPENSES $22,10 TOTAL EXPENSES $148,285 NET FARM INCOME ($9,840) LABOR AND MANAGEMENT COSTS $11,80 NET OPERATING PROFIT ($51,64) INTEREST ON OPERATING CAPITAL INTEREST ON EQUIPMENT INVESTMENT $1,000 $8,450 TOTAL $9,450 RETURN TO LAND AND RISK ($61,09) RETURN RETURN ON LAND VALUE TO RISK* INVESTMENT** /ACRE $200 /ACRE $250 /ACRE $00 /ACRE ($68,29) ($70,69) ($7,09) ($75,49) -1.61% % -9.57% -8.4% * 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)