TABLE 5. Permanent pasture establishment, flood-irrigated, budgeted per acre costs and returns for a 10 acre part-tim farm, Cibola County, 2001. Planting Dates: May 15 - July 1 --------------------------------------------------------------------------------------------------------------------- ITEM PRICE QUANTITY PURCHASED INPUTS TOTAL _____________________________________________________________________________________________________________________ PURCHASED INPUTS ------------------ GRASS SEED $2.85 15 LBS $42.75 $42.75 CANAL WATER 18 AC. IN. $9.00 $9.00 ______ ______ SUBTOTAL $51.75 $51.75 POWER ACCOMPLISHMENT PURCHASED FUEL FIXED PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL ---------- ---------- --------- ---------- --------- ----- ----- ----- ----- ------ PLOW 40 HP 1.31 HR $6.75 $5.68 $0.50 $16.73 $29.66 DISC (2X) 40 HP 1.06 HR $5.46 $4.60 $0.87 $31.18 $42.10 DRAG 40 HP 0.31 HR $1.60 $1.34 $0.03 $10.21 $13.17 DRILL 40 HP 0.41 HR $2.11 $1.78 $0.03 $1.76 $5.69 BORDER DISC 40 HP 0.10 HR $0.52 $0.43 $0.04 $27.04 $28.04 IRRIGATE (3X) 2.25 HR $11.59 $11.59 _________ ______ ______ ______ ______ ______ SUBTOTAL 5.44 HR $28.02 $13.84 $1.47 $86.92 $130.25 OVERHEAD EXPENSES -------- -------- DOWNTIME 0.80 HR $4.11 $4.11 EMPLOYEE BENEFITS $3.36 $3.36 INSURANCE $0.34 $0.34 LAND TAXES $0.31 $0.31 SUPERVISION AND MANAGEMENT $10.00 $10.00 _________ ______ ______ ______ ______ SUBTOTAL 0.80 HR $0.34 $17.47 $0.31 $18.12 _________ ______ ______ ______ ______ ______ _______ TOTAL OPERATING EXPENSES 6.24 HR $52.09 $45.48 $13.84 $1.47 $87.23 $200.11 =====================================================================================================================