MICROCOMPUTER CROP AND RETURN GENERATOR BUDGET AREA... PORTALES VALLEY, ROOSEVELT COUNT FARM SIZE..... 32 ACRES IRRIGATION TYPE. FLOOD NUMBER OF CROPS 5 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
TABLE 1. Acreage Summary, Roosevelt County, BUDGET AREA PORTALES VALLEY, ROOSEVELT COUNTY FARM SIZE... 320 ACRES IRRIGATION TYPE FLOOD NUMBER OF CROPS 5 WATER USE LAND USE AC.IN. ACREAGE SUMMARY: (ACRES) PER AC. AC.IN. WHEAT 68.00 25 1,700 ARP FLEX IN COTTON 12.00 15 180 CORN 51.00 38 1,938 ARP FLEX IN COTTON 9.00 15 135 GRAIN SORGHUM 51.00 20 1,020 ARP FLEX IN COTTON 9.00 15 135 COTTON 34.00 15 510 ARP FLEX IN COTTON 6.00 15 90 PEANUTS 6 24 1,440 ROADS, HOMESTEAD 2 32 7,148 ACRE FEET PER ACRE OF WATER RIGHTS 1.86 TABLE 2. Basic cost information for the Portales Valley, Roosevelt County, Item Labor Wage Rate: Equipment operators General & Irrigators Purchased Inputs: Fertilizer: Nitrogen (N) Phosphate (P205) $/hour $/hour $8.55 $7.50 Seed: Wheat Corn Grain Sorghum Cotton Peanuts $/bag.44 $24 $1.32 $7.55 $1.10 Energy: Natural gas (Gas NM) Diesel fuel Gasoline Electricity (SWPS) LP Gas $/MCF $/gallon $/gallon cents/kwhr $/gallon $3.99 $2.40 11.68 $2.75 Employee Liability Insurance $/$1,000 wages $2 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 - NR - R $/$1,000 (Assessed Value) $23.08 $19.78 Supervision Factors Field Crop-Irrigation Field Crop-Equipment & General $/labor hour $/labor hour $1.00.50 Management Rate percent 7.00% TABLE 3. Overhead cost information for the Portales Valley, Roosevelt County, Item Electricity (Domestic & Shop) Telephone Accounting & Legal Misc. Supplies & Hand Tools Pickup and Auto miles 26,162 Insurance - general liability (non-employee) - fire/theft Property Taxes - non-planted land - other than land & machinery Building repairs and maintenance Dues, fees, publications Farmstead Equipment @ $254.00 $127.00.500 per mile per month per month $3,048 $1,524 $1,861 $2,800 $13,081 $2,007 $1,588 $6,010 $1,524 $457 $191 Total $34,090 Total Per Planted Acre
----- TABLE 4 Pumping costs and data for irrigation wells, Portales Valley, Roosevelt County, INPUT DATA DEPTH CHARACTERISTICS: STATIC.. 80 DRAW DOWN 20 HEAD...... 100 CASING. 120 GALLONS PER MINUTE (GPM) 400 WORK HORSEPOWER 10 EFFICIENCY FACTOR: ELECTRICITY 0.430 NATURAL GAS 0.126 LP GAS 0.126 DIESEL 0.130 FUEL PER HOUR: ELECTRICITY 11.68 CENTS/KwHr NATURAL GAS $3.99 $/MCF LP GAS $2.75 $/GAL DIESEL $/GAL PUMPING S ELECTRIC WELL: PER HOUR $2.08 PER ACRE INCH $2.35 NATURAL GAS WELL: PER HOUR.92 PER ACRE INCH $1.04 LP GAS WELL: PER HOUR $6.13 PER ACRE INCH $6.94 DIESEL WELL: PER HOUR $3.79 PER ACRE INCH $4.29 TABLE 5 Equipment summary for a 320 acre, flood-irrigated farm with above average management, Portales Valley, EQUIPMENT VARIABLE S S ANNUAL ITEM & SIZE FUEL, OIL, FUEL, OIL REPAIR PER HOURS OF NUMBER REPAIR DEPRECIATION TAXES VALUE LUBRICANT PER HR HR PER HR USE TRACTOR 346 1 $33,917 $6,843 $1,372 $19.80 $3.97 $2,647 $255 $8.40 TRACTOR 175 HP 407 1 $40,865 $9,859 $2,194 $24.21 $5.39 $5,985 $345 $15.54 COTTON STRIPPER M 2 ROW 43 1 $2,950 $40.92 $767 $44 $18.68 PLANTER 6 ROW 39 1 $4,250 $80 $2.04 $850 $33 $22.38 CULTIVATOR 6 ROW 60 1 $3,000 $224 $3.72 $400 $23 $7.01 14 FT 114 1 $3,000 $424 $3.72 $400 $23 $3.71 DRILL 13 FT 12 1 $2,150 $13 $430 $17 $36.48 LISTER 6 ROW 35 1 $2,150 $93 $2.67 $287 $17 $8.65 PLOW (MOLDBOARD 4-14 IN 144 1 $4,000 $714 $4.96 $533 $31 $3.92 SHREDDER 4 ROW 10 1 $2,500 $4.40 $333 $19 $35.98 SPRAYER (MTD) 39 1 $1,400 $27.67 $187 $11 $5.01 DIG AND INVERT 2 ROW 14 1 $625.03 $83 $5 $6.12 ROD WEEDER 6 ROW 24 1 $625 $19.78 $83 $5 $3.67 FERT SPREADER DEALER FURNISHE 15 1 PEANUT THRASHER 48 1 $29,000 $56 $1.16 $3,867 $223 $85.20 PEANUT TRAILER 48 1 $3,500 $7.14 $467 $27 $10.28 COTTON TRAILER 53 2 $2,400 $3.05 $240 $18 $4.92 ELECTRIC WELL 8,087 1 $8,400 $16,806 $2.08.00 $672 $65.09 $144,731 $33,508 $5,269 $18,231 $1,160 EQUIPMENT LIST NEW USED YEARS EQUIP MAX FUEL LUBE ACCUM INTEREST ITEM VALUE VALUE LIFE CODE HOURS UNIT/HR COEF HOURS AGE EXPENSE TRACTOR 66185.00 33916.50 25.00 1.00 80 7.50 0.10 6221.16 18.00 1820.09 TRACTOR 175 HP 89775.00 40864.50 15.00 1.00 80 8.15 0.10 4479.64 11.00 2468.81 COTTON STRIPPER M 2 ROW 1150 295 15.00 5.00 30 564.20 13.00 316.25 PLANTER 6 ROW 850 425 1 8.00 10 512.72 13.00 233.75 CULTIVATOR 6 ROW 600 300 15.00 3.00 30 965.12 16.00 165.00 14 FT 600 300 15.00 3.00 30 1822.72 16.00 165.00 DRILL 13 FT 430 215 1 8.00 10 159.12 13.00 118.25 LISTER 6 ROW 430 215 15.00 3.00 30 560.64 16.00 118.25 PLOW (MOLDBOARD 4-14 IN 800 400 15.00 3.00 30 2304.00 16.00 22 SHREDDER 4 ROW 500 250 15.00 5.00 15 147.00 15.00 137.50 SPRAYER (MTD) 16 FT 280 140 15.00 8.00 15 591.60 15.00 77.00 DIG AND INVERT 2 ROW 125 625.00 15.00 4.00 10 216.00 15.00 34.38 ROD WEEDER 6 ROW 125 625.00 15.00 3.00 30 36 15.00 34.38 FERT SPREADER DEALER FURNISHED 30 255.00 17.00 PEANUT THRASHER 5800 2900 15.00 2.00 30 72 15.00 1595.00 PEANUT TRAILER 700 350 15.00 4.00 30 72 15.00 192.50 COTTON TRAILER 240 120 2 4.00 2 472.50 18.00 66.00 ELECTRIC WELL 1680 840 25.00 8742.00 121310.50 15.00 462.00 USAGE LIST GRAIN UPLAND PER ACRE WHEAT CORN SORGHUM COTTON PEANUTS S hours per acre 0.31 0.83 0.91 1.80 1.83 5.68 0.62 1.18 1.10 1.72 2.14 6.76 0.62 0.62 0.17 0.17 0.17 0.17 0.68 0.26 0.26 0.26 0.26 1.04 0.14 0.45 0.45 0.45 0.45 1.94 0.18 0.18 0.12 0.12 0.12 0.24 0.60 0.48 0.48 0.48 0.48 0.48 2.40 0.14 0.14 0.17 0.17 0.17 0.17 0.68 0.24 0.24 0.08 0.08 0.08 0.08 0.08 0.40 0.05 0.05 0.05 0.05 0.05 0.25 0.80 0.80 0.80 0.80 0.75 0.75 28.29 42.99 22.63 16.97 27.15 138.03 INTEREST PRORATION GRAIN UPLAND WHEAT CORN SORGHUM COTTON PEANUTS ------------ ------------------------- dollars per acre --------------- 1.63 3.76 0.20 1.74 0.73 0.11 4.37 7.15 1.01 0.71 0.65 0.40 0.73 0.33 0.11 4.79 6.67 1.01 0.71 0.65 0.40 0.73 0.33 0.11 9.48 10.43 4.52 1.01 0.71 0.65 0.40 0.73 1.96 0.33 0.11 9.64 12.97 1.01 0.71 0.65 0.81 0.73 0.33 0.57 0.11 1.62 2.46 1.29 0.94 0.97 26.58 3.21 1.55 9.80 17.94 16.71 32.26 58.89 WHEAT ACRES: 68 PUMP WATER: 25.00 POWER TIMES --------------- MACHINE UNIT OVER RATE CUSTOM --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- ROD WEEDER 1.00 0.08 0.08 PLOW 1.00 0.48 0.48 FERT SPREADER 1.00 0.05 0.05 DRILL 1.00 0.18 0.18 IRRIGATE (5X) 5.00 1.13 28.29 COMBINE (CUSTOM) PER ACRE 16.00 PER BUSHEL OVER 30 0.21 HAUL (CUSTOM) PER BUSHEL 0.16 CORN FOR GRAIN ACRES: 51 PUMP WATER: 38.00 ---- --- ----- POWER TIMES --------------- MACHINE UNIT OVER RATE CUSTOM --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- PLOW 1.00 0.48 0.48 FERT SPREADER 1.00 0.05 0.05 SPRAY & 1.00 0.17 0.17 LISTER 1.00 0.12 0.12 TRACK 1.00 0.40 0.40 PRE-IRRIGATE 1.00 0.19 7.17 ROD WEED 1.00 0.08 0.08 PLANT ER 1.00 0.17 0.17 CULTIVATOR (2X) 2.00 0.13 0.26 IRRIGATE (5X) 5.00 0.94 35.83 COMBINE (CUSTOM) PER CWT 0.35 HAUL (CUSTOM) PER CWT 0.18 GRAIN SORGHUM ACRES: 51 PUMP WATER: 2 ----- ------- POWER TIMES --------------- MACHINE UNIT OVER RATE CUSTOM --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- PLOW 1.00 0.48 0.48 FERT SPREADER 1.00 0.05 0.05 & SPRAY 1.00 0.17 0.17 LISTER 1.00 0.12 0.12 TRACK 1.00 0.40 0.40 PRE-IRRIGATE 1.00 0.28 5.66 ROD WEED 1.00 0.08 0.08 PLANTER 1.00 0.17 0.17 CULTIVATOR (2X) 2.00 0.13 0.26 IRRIGATE (3X) 3.00 0.85 16.97 COMBINE (CUSTOM) [RATE PER ACRE] 20.50 PER CWT OVER 36.67 0.31 HAUL (CUSTOM) PER CWT 0.19 UPLAND COTTON ACRES: 70 PUMP WATER: 15.00 ------ ------ POWER TIMES --------------- MACHINE UNIT OVER RATE CUSTOM --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- PLOW 1.00 0.48 0.48 FERT SPREADER 1.00 0.05 0.05 & SPRAY 1.00 0.17 0.17 LISTER 1.00 0.12 0.12 TRACK 1.00 0.40 0.40 PRE-IRRIGATE 1.00 0.38 5.66 ROD WEEDER 1.00 0.08 0.08 PLANTER 1.00 0.17 0.17 CULTIVATOR (2X) 2.00 0.13 0.26 HAND HOE (CUSTOM) 1 IRRIGATE (2X) 2.00 0.75 11.31 COTTON STRIPPER MTD 1.00 0.62 0.62 HAUL 1.00 0.75 0.75 GIN C OTTON (CU STOM) PER LINT # 0.17 SHRED DER 1.00 0.14 0.14 PEANUTS ACRES: 60 PUMP WATER: 24.00 ------- POWER TIMES --------------- MACHINE UNIT OVER RATE CUSTOM --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- PLOW 1.00 0.48 0.48 FERT SPREADER 1.00 0.05 0.05 SPRAY & 1.00 0.17 0.17 LISTE R 1.00 0.12 0.12 TRACK 1.00 0.40 0.40 PRE-IRRIGATE 1.00 0.28 6.79 LISTE R 1.00 0.12 0.12 ROD WEEDER 1.00 0.08 0.08 PLANTER 1.00 0.17 0.17 CULTIVATOR (2X) 2.00 0.13 0.26 HAND HOE (CUSTOM) 12.00 IRRIGATE (3X) 3.00 0.85 20.37 DIG A ND INVERT 1.00 0.24 0.24 COMBINE PEANUTS 1.00 0.80 0.80 HAUL 1.00 0.80 0.80 ANNUAL REPAIR S AS A PERCENT OF NEW VALUE --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- Hours of Use 1 2 3 4 5 6 7 8 9 --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- * * * * ** ** ** ** ** 0 0060 0020 0620 0020 0080 0140 0040 0240 0200 50 0060 0020 0620 0020 0080 0140 0040 0240 0200 100 0060 0020 0500 0020 0140 0220 0100 0380 0300 200 0030 0030 0430 0040 0180 0260 0110 0510 0260 300 0030 0050 0390 0060 0230 0310 0140 0630 0400 400 0030 0060 0370 0090 0260 0340 0150 0710 0450 500 0030 0070 0360 0100 0280 0370 0170 0800 0630 600 0030 0090 0340 0120 0310 0390 0190 0860 0530 700 0030 0100 0340 0130 0330 0410 0200 0910 0560 800 0030 0110 0320 0150 0350 0430 0210 0980 0590 900 0030 0120 0320 0160 0370 0450 0230 1020 0600 1000 0090 0130 0310 0180 0380 0460 0230 1070 0630 1200 0045 0145 0305 0205 0405 0480 0245 1135 0710 1400 0045 0170 0300 0230 0435 0510 0410 1260 0765 1500 0150 0170 0300 0230 0435 0510 0410 1260 0765 1600 0150 0190 0285 0255 0465 0525 0135 1235 0805 1800 0075 0170 0285 0285 0485 0550 0295 2000 0110 0265 0280 0305 0505 0565 0310 2500 0056 3000 0070 3500 0082 4000 0096 4500 0108 5000 0122 5500 0136 6000 0148 6500 0162 7000 0176 7500 0188 8000 0204 --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- * Based on unpublished data of D. R. Hunt, Department of Agricultural Engineering, University of Illinois. ** Based on "Agricultural Machinery Data" in Agricultural Engineers Yearbook, 1983. -------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- Codes -------- --------------- --------------- --------------- --------------- --------------- --------------- --------------- 1 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
TABLE 6. Wheat, flood-irrigated, budgeted per acre costs and returns for a 32O acre farm with above average management, Portales Valley, Roosevelt County, Planting Dates: August 20 - September 15 Harvest Dates: June 1 - June 25 ITEM WHEAT PRICE $4.40.00.00 $4 YIELD 5 BUSHELS 5 BUSHELS 1.00 ACRE BASE 0.85 $22.00.00 $4 $26 PRICE QUANTITY NITROGEN (N) PHOSPHATE (P205) INSECTICIDE (CUSTOM) PUMP WATER* CROP INSURANCE SUB.44.74 60 LBS 100 LBS 40 LBS 25 AC. IN. $26.40 $31.00 $9.60.74 $87.74 $26.40 $31.00 $9.60.74 $87.74 PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE ROD WEEDER PLOW FERT SPREADER DRILL IRRIGATE (5X) 0.08 HR 0.48 HR 0.05 HR 0.18 HR 2.50 HR.68 $4.10.43 $1.54 $18.75 $1.58 $11.62.99 $3.56 $58.78.38 $4.97.20.90.00.97 $9.34.42 $8.08 $2.58 $3.61 $30.03 $2.04 $14.08 $80.11 SUB 3.43 HR $26.70 $79.93 $7.72 $24.08 $138.43 HARVEST OPERATIONS COMBINE (CUSTOM) HAUL (CUSTOM) $20.20 $8.00 $20.20 $8.00 SUB $28.20 $28.20 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE SUPERVISION AND MANAGEMENT 0.23 HR.53 $1.99 $4.81 $21.17.68 $1.99 $4.81.53.68 $21.17 SUB 0.23 HR $114.17 $27.96.68 $142.81 OPERATING EXPENSES 3.66 HR $230.11 $54.66 $79.93 $7.72 $24.76 $397.18 NET OPERATING PROFIT ($137.18) ( $68.13 @ 5.50% ) $3.75 $9.80 RETURN TO LAND AND RISK ($150.72) * Pump water costs are shown under irrigation in the preharvest operations section. BUDGET SUMMARY GROSS RETURN $26 VARIABLE OPERATING EXPENSES $317.76 RETURN OVER VARIABLE EXPENSES ($57.76) (GROSS MARGIN) EXPENSES $24.76 NET FARM INCOME ($82.52) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT $54.66 NET OPERATING PROFIT ($137.18) (RETURN TO CAPITAL, LAND & RISK) CAPITAL S $13.54 RETURN TO LAND AND RISK ($150.72)
TABLE 7. Corn for grain, flood-irrigated, budgeted per acre costs and returns for a 320 acre farm with above average management, Portales Valley, Roosevelt County, Planting Dates: April 15 - May 15 Harvest Dates: November 1 - November 30 ITEM PRICE YIELD BASE CORN FOR GRAIN $6.61.00.00 $15.00 65.00 CWT 65.00 CWT CWT 1.00 ACRE $444.46 0.85 $429.46.00.00 $15.00 PRICE QUANTITY NITROGEN (N) PHOSPHATE (P205) HERBICIDE INSECTICIDE (CUSTOM) PUMP WATER* CROP INSURANCE SUB $3.00 $16.96.98 28 000 150 LBS 60 LBS 2 X/ACRE 38 AC. IN. $84.00 $46.50 $14.40 $33.92.98 $195.69 $84.00 $46.50 $14.40 $33.92.98 $195.69 PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE PLOW FERT SPREADER SPRAY & LISTER TRACK PRE-IRRIGATE ROD WEED PLANTER CULTIVATOR (2X) IRRIGATE (5X) 0.48 HR 0.05 HR 0.12 HR 0.40 HR 0.75 HR 0.08 HR 0.26 HR 2.50 HR $4.10.43 $3.42 $6.41.68 $2.22 $18.75 $11.62.99 $2.38 $14.89 $1.94 $5.15 $74.45 $4.97.20 $1.66.80 $1.59.00.49 $1.26 $2.00.00 $9.34.42 $3.36.65 $1.54 $6.45 $4.01 $3.26 $30.03 $2.04 $11.36 $6.24 $16.29 $21.96 $4.65 $13.28 $13.38 $96.47 SUB 5.26 HR $42.35 $134.35 $15.52 $40.59 $232.80 HARVEST OPERATIONS COMBINE (CUSTOM) HAUL (CUSTOM) $22.75 $11.70 $22.75 $11.70 SUB $34.45 $34.45 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE SUPERVISION AND MANAGEMENT 0.36 HR.85 $3.06 $7.62 $34.46.68 $3.06 $7.62.85.68 $34.46 SUB 0.36 HR $114.48 $45.14.68 $160.30 OPERATING EXPENSES 5.62 HR $344.61 $87.48 $134.35 $15.52 $41.28 $623.24 NET OPERATING PROFIT ($178.77) ( $138.18 @ 5.50% ) $7.60 $17.94 RETURN TO LAND AND RISK ($204.31) * Pump water costs are shown under irrigation in the preharvest operations section. BUDGET SUMMARY GROSS RETURN $444.46 VARIABLE OPERATING EXPENSES $494.48 RETURN OVER VARIABLE EXPENSES ($50.01) (GROSS MARGIN) EXPENSES $41.28 NET FARM INCOME ($91.29) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT $87.48 NET OPERATING PROFIT ($178.77) (RETURN TO CAPITAL, LAND & RISK) CAPITAL S $25.54 RETURN TO LAND AND RISK ($204.31)
TABLE 8. Grain sorghum, flood-irrigated, budgeted per acre costs and returns for a 320 acre farm with above average management, Portales Valley, Roosevelt County, Planting Dates: May 15 - June 10 Harvest Dates: October 15 - November 15 ITEM PRICE YIELD BASE GRAIN SORGHUM $6.08.00.00 $9.00 55.00 CWT 55.00 CWT CWT 1.00 ACRE $343.32 0.85 $334.32.00.00 $9.00 PRICE QUANTITY NITROGEN (N) PHOSPHATE (P205) HERBICIDE INSECTICIDE (CUSTOM) PUMP WATER* CROP INSURANCE SUB $1.32.98 6 LBS 100 LBS 40 LBS 1 ACRE 1 ACRE 20 AC. IN. $31.00 $9.60.98 $85.39 $31.00 $9.60.98 $85.39 PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE PLOW FERT SPREADER & SPRAY LISTER TRACK PRE-IRRIGATE ROD WEED PLANTER CULTIVATOR (2X) IRRIGATE (3X) 0.48 HR 0.05 HR 0.12 HR 0.40 HR 0.75 HR 0.08 HR 0.26 HR 1.50 HR $4.10.43 $3.42 $5.63.68 $2.22 $11.25 $11.62.99 $2.38 $11.76 $1.58 $5.15 $35.27 $4.97.20 $1.66.80 $1.59.00.38 $1.26 $2.00.00 $9.34.42 $3.36.52.97 $6.45 $4.01 $1.55 $30.03 $2.04 $11.36 $6.24 $16.29 $17.90 $3.61 $13.28 $13.38 $48.06 SUB 4.26 HR $34.06 $91.67 $15.40 $38.16 $179.30 HARVEST OPERATIONS COMBINE (CUSTOM) HAUL (CUSTOM) $26.18 $10.45 $26.18 $10.45 SUB $36.63 $36.63 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE SUPERVISION AND MANAGEMENT 0.66 HR.68 $5.60 $6.13 $26.84.68 $5.60 $6.13.68.68 $26.84 SUB 0.66 HR $114.31 $38.57.68 $153.57 OPERATING EXPENSES 4.92 HR $236.34 $72.63 $91.67 $15.40 $38.85 $454.90 NET OPERATING PROFIT ($111.57) ( $72.52 @ 5.50% ) $3.99 $16.71 RETURN TO LAND AND RISK ($132.27) * Pump water costs are shown under irrigation in the preharvest operations section. BUDGET SUMMARY GROSS RETURN $343.32 VARIABLE OPERATING EXPENSES $343.41 RETURN OVER VARIABLE EXPENSES (.09) (GROSS MARGIN) EXPENSES $38.85 NET FARM INCOME ($38.94) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT $72.63 NET OPERATING PROFIT ($111.57) (RETURN TO CAPITAL, LAND & RISK) CAPITAL S $20.70 RETURN TO LAND AND RISK ($132.27)
TABLE 9. Upland cotton (stripper), flood-irrigated, budgeted per acre costs and returns for a 320 acre farm with above average management, Portales Valley, Roosevelt County, Planting Dates: May 1 - May 15 Harvest Dates: November 15 - December 30 ITEM PRICE YIELD BASE LINT.73.10.0000.1373 50 LBS 800 LBS 50 LBS 50 LBS 0.85 0.85 $365.00 $78.00.00 $58.35 $501.35 PRICE QUANTITY NITROGEN (N) PHOSPHATE (P205) HERBICIDE INSECTICIDE INSECTICIDE (CUSTOM) PUMP WATER* CROP INSURANCE SUB $7.55 $10.28.71 25 LB 80 LB 60 LB 15 AC. IN. $188.75 $24.80 $14.40 $10.28.71 $274.83 $188.75 $24.80 $14.40 $10.28.71 $274.83 PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE PLOW FERT SPREADER & SPRAY LISTER TRACK PRE-IRRIGATE ROD WEED PLANTER CULTIVATOR (2X) HAND HOE (CUSTOM) IRRIGATE (2X) 0.48 HR 0.05 HR 0.12 HR 0.40 HR 0.75 HR 0.08 HR 0.26 HR 1.00 HR $1 $4.10.43 $3.42 $5.63.68 $2.22 $7.50 $11.62.99 $2.38 $11.76 $1.58 $5.15 $23.51 $4.97.20 $1.66.80 $1.59.00.38 $1.26 $2.00.00 $9.34.42 $3.36.52.97 $6.45 $4.01 $30.03 $2.04 $11.36 $6.24 $16.29 $17.90 $3.61 $13.28 $13.38 $1 $32.04 SUB 3.76 HR $1 $30.31 $79.91 $15.40 $37.65 $173.28 HARVEST OPERATIONS COTTON STRIPPER MTD HAUL GIN COTTON (CUSTOM) 0.62 HR 0.75 HR $82.70 $5.30 $6.41 $15.01 $14.85 $3.91 $3.01 $21.22 $9.99 $45.44 $34.27 $82.70 SUB 1.37 HR $82.70 $11.71 $29.86 $6.92 $31.21 $162.41 POSTHARVEST OPERATIONS SHREDDER $2.77.61 $6.21 $10.79 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE SUPERVISION AND MANAGEMENT 0.92 HR.86 $7.84 $7.78 $37.99.68 $7.84 $7.78.86.68 $37.99 SUB 0.92 HR $114.50 $53.61.68 $168.80 OPERATING EXPENSES 6.19 HR $482.03 $96.84 $112.54 $22.94 $75.76 $790.11 NET OPERATING PROFIT ($288.76) ( $172.05 @ 5.50% ) $9.46 $32.26 RETURN TO LAND AND RISK ($330.48) * Pump water costs are shown under irrigation in the preharvest operations section. BUDGET SUMMARY GROSS RETURN $501.35 VARIABLE OPERATING EXPENSES $617.52 RETURN OVER VARIABLE EXPENSES ($116.16) (GROSS MARGIN) EXPENSES $75.76 NET FARM INCOME ($191.92) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT $96.84 NET OPERATING PROFIT ($288.76) (RETURN TO CAPITAL, LAND & RISK) CAPITAL S $41.72 RETURN TO LAND AND RISK ($330.48)
TABLE 10. Peanuts, flood-irrigated, budgeted per acre costs and returns for a 320 acre farm with above average management, Portales Valley, Roosevelt County, Planting Dates: May 10 - June 10 Harvest Dates: October 10 - November 10 ITEM PRICE YIELD PEANUTS.23 2,60 LBS $598.00 $598.00 PRICE QUANTITY NITROGEN (N) PHOSPHATE (P205) HERBICIDE INSECTICIDE (CUSTOM) FUNGICIDE TRACE ELEMENTS PUMP WATER* $1.10 $16.96 $37.67 $11.92 100 LB 50 LB 80 LB 24 AC. IN. $11 $15.50 $19.20 $16.96 $37.67 $11.92 $11 $15.50 $19.20 $16.96 $37.67 $11.92 SUB $231.25 $231.25 PREHARVEST OPERATIONS POWER UNIT RATE LABOR FUEL & LUBE PLOW FERT SPREADER SPRAY & LISTER TRACK PRE-IRRIGATE LISTER ROD WEEDER PLANTER CULTIVATOR (2X) HAND HOE (CUSTOM) IRRIGATE (3X) 0.48 HR 0.05 HR 0.12 HR 0.40 HR 0.75 HR 0.12 HR 0.08 HR 0.26 HR 1.50 HR $12.00 $4.10.43 $3.42 $5.63.68 $2.22 $11.25 $11.62.99 $2.38 $14.11 $2.38 $1.58 $5.15 $42.32 $4.97.20 $1.66.80 $1.59.00.80.38 $1.26 $2.00.00 $9.34.42 $3.36.62.97 $6.45 $4.01 $1.85 $30.03 $2.04 $11.36 $6.24 $16.29 $20.35 $6.24 $3.61 $13.28 $13.38 $12.00 $55.43 SUB 4.38 HR $12.00 $35.09 $103.45 $16.20 $40.62 $207.36 HARVEST OPERATIONS DIG AND INVERT COMBINE PEANUTS HAUL 0.24 HR 0.80 HR 0.80 HR $6.84 $6.84 $5.81 $19.37 $15.84 $1.30 $5.24 $3.29 $5.20 $80.60 $14.94 $14.36 $112.04 $40.91 SUB 1.84 HR.00 $15.73 $41.02 $9.82 $100.74 $167.32 OVERHEAD EXPENSES DOWNTIME EMPLOYEE BENEFITS INSURANCE SUPERVISION AND MANAGEMENT 0.81 HR $1.02 $6.90 $9.15 $47.32.68 $6.90 $9.15 $1.02.68 $47.32 SUB 0.81 HR $114.65 $63.37.68 $178.71 OPERATING EXPENSES 7.03 HR $357.90 $114.19 $144.47 $26.03 $142.05 $784.64 NET OPERATING PROFIT ($186.64) ( $149.78 @ 5.50% ) $8.24 $58.89 RETURN TO LAND AND RISK ($253.76) * Pump water costs are shown under irrigation in the preharvest operations section. BUDGET SUMMARY GROSS RETURN $598.00 VARIABLE OPERATING EXPENSES $528.39 RETURN OVER VARIABLE EXPENSES $69.61 (GROSS MARGIN) EXPENSES $142.05 NET FARM INCOME ($72.45) (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT $114.19 NET OPERATING PROFIT ($186.64) (RETURN TO CAPITAL, LAND & RISK) CAPITAL S $67.12 RETURN TO LAND AND RISK ($253.76)
TABLE 11. Summary of per acre costs and returns for a 320 acre farm with above average management, Roosevelt County, New Mexico, WHEAT CORN GRAIN SORGHUM STRIPPER COTTON PEANUTS BU CWT CWT LBS LBS PRIMARY YIELD 5 65.00 55.00 50 2,60 PRIMARY PRICE $4.40 $6.61 $6.08.73.23 GOVERNMENT PAYMENTS.00.00.00.00.00 SECOND INCOME $4 $15.00 $9.00 $78.00.00 GROSS RETURN $26 $444.46 $343.32 $501.35 $598.00 CASH OPERATING EXPENSES $26.40 $84.00 $188.75 $11 FERTILIZER $40.60 $60.90 $40.60 $39.20 $34.70 CHEMICALS $49.80 $35.89 $46.17 $74.64 CROP INSURANCE.74.98.98.71 OTHER $11.92 CANAL WATER FUEL, OIL & LUBRICANTS-EQUIPMENT $21.15 $45.00 $44.65 $77.28 $88.04 FUEL-IRRIGATION $58.78 $89.35 $47.02 $35.27 $56.43 $7.72 $15.52 $15.40 $22.94 $26.03 CUSTOM CHARGES $28.20 $34.45 $36.63 $92.70 $12.00.68.68.68.68.68 $114.17 $114.48 $114.31 $114.50 $114.65 CASH EXPENSES $318.44 $495.16 $344.10 $618.20 $529.08 RETURN OVER CASH EXPENSES ($58.44) ($50.70) (.78) ($116.85) $68.92 EXPENSES $24.08 $40.59 $38.16 $75.07 $141.37 EXPENSES $342.52 $535.75 $382.26 $693.27 $670.45 NET FARM INCOME ($82.52) ($91.29) ($38.94) ($191.92) ($72.45) LABOR AND MANAGEMENT S $54.66 $87.48 $72.63 $96.84 $114.19 NET OPERATING PROFIT ($137.18) ($178.77) ($111.57) ($288.76) ($186.64) CAPITAL S $3.75 $7.60 $3.99 $9.46 $8.24 $9.80 $17.94 $16.71 $32.26 $58.89 CAPITAL S $13.54 $25.54 $20.70 $41.72 $67.12 RETURN TO LAND AND RISK ($150.72) ($204.31) ($132.27) ($330.48) ($253.76) Flex Computation -116.85-145.78-77.40-223.15-53.51
TABLE 12. Whole farm summary, Portales Valley, Roosevelt County, WHEAT 68.00 ACRES CROP CORN FOR GRAIN 51.00 ACRES CROP GRAIN SORGHUM 51.00 ACRES CROP UPLAND COTTON 7 ACRES LINT PEANUTS 6 ACRES CROP $14,960 $2,720 $21,903 $765 $17,050 $459 $25,550 $5,460 $35,880 GROSS RETURN $124,747 CASH OPERATING EXPENSES FERTILIZER CHEMICALS CROP INSURANCE OTHER CANAL WATER FUEL, OIL & LUBRICANTS-EQUIPMENT FUEL-IRRIGATION CUSTOM CHARGES $26,296 $12,763 $13,441 $200 $715 $16,702 $16,806 $5,269 $12,752 $205 $34,325 CASH EXPENSES $139,475 RETURN OVER CASH EXPENSES ($14,728) EXPENSES $19,391 EXPENSES $158,866 NET FARM INCOME ($34,119) LABOR AND MANAGEMENT S $25,513 NET OPERATING PROFIT ($59,632) CAPITAL S $2,002 $8,224 CAPITAL S $10,227 RETURN TO LAND AND RISK ($69,858) RETURN RETURN ON LAND VALUE TO RISK* INVESTMENT** $500 /ACRE ($74,658) -19.57% $750 /ACRE ($77,058) -15.50% $1,000 /ACRE ($79,458) -12.83% $1,250 /ACRE ($81,858) -10.95% $1,500 /ACRE ($84,258) -9.55% $1,750 /ACRE ($86,658) -8.46% $2,000 /ACRE ($89,058) -7.60% * 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)