TABLE 6. Whole farm summary, Curry County, 2001. ------------------------------------------------------------------------ GROSS RETURNS WHEAT 530 acres CROP $28,620 GRAZING $6,360 ASCS DEFICIENCY $3,072 ASCS DIVERSION $0 GRAIN SORGHUM 530 acres CROP $28,620 GRAZING $2,120 ASCS DEFICIENCY $5,247 ASCS DIVERSION $0 _________ GROSS RETURN $74,039 CASH OPERATING EXPENSES SEED $2,714 FERTILIZER $4,505 CHEMICALS $15,452 CROP INSURANCE $100 OTHER PURCHASED INPUTS $0 FUEL, OIL & LUBRICANTS-EQUIPMENT $6,896 REPAIRS $2,993 CUSTOM CHARGES $13,290 LAND TAXES $326 OTHER EXPENSES $16,010 _________ TOTAL CASH EXPENSES $62,286 RETURN OVER CASH EXPENSES $11,753 FIXED EXPENSES $13,691 TOTAL EXPENSES $75,977 NET FARM INCOME ($1,938) LABOR AND MANAGEMENT COSTS $9,359 NET OPERATING PROFIT ($11,297) CAPITAL COSTS INTEREST ON OPERATING CAPITAL $1,160 INTEREST ON EQUIPMENT INVESTMENT $8,408 _________ TOTAL CAPITAL COSTS $9,569 RETURN TO LAND AND RISK ($20,865) ========= ======================================================================== ------------------------------------------------------- RETURN RETURN ON LAND VALUE TO RISK* INVESTMENT** ------------------------------------------------------- $150 /ACRE ($30,465) -3.67% $200 /ACRE ($33,665) -2.91% $250 /ACRE ($36,865) -2.42% $300 /ACRE ($40,065) -2.06% ------------------------------------------------------- * RETURN TO LAND AND RISK MINUS (INTEREST RATE TIMES LAND VALUE TIMES A ** NET OPERATING PROFIT DIVIDED BY (MACHINERY AND EQUIPMENT VALUE PLUS L