TABLE 6. Summary of per acre costs and returns for a 640 acre farm with above average management, Curry County, 2001. ------------------------------------------------------------------------ ALFALFA ALFALFA ESTABLISHMENT HAY ------SPRINKLER------ ------------------------------------------------------------------------ PRIMARY YIELD 6.50 TONS PRIMARY PRICE 120.00 GOVERNMENT PAYMENTS 0.00 SECOND INCOME 0.00 GROSS RETURN $780.00 CASH OPERATING EXPENSES SEED $88.50 FERTILIZER $27.90 $133.02 CHEMICALS $31.93 CROP INSURANCE OTHER PURCHASED INPUTS $5.04 CANAL WATER FUEL, OIL & LUBRICANTS-EQUIPMENT $8.46 $16.54 FUEL-IRRIGATION $20.08 $100.40 REPAIRS $5.92 $23.69 CUSTOM CHARGES $9.00 $0.00 LAND TAXES $0.88 OTHER EXPENSES $0.03 $41.85 __________________ TOTAL CASH EXPENSES $159.89 $353.35 RETURN OVER CASH EXPENSES ($159.89) $426.65 FIXED EXPENSES $31.27 $118.57 TOTAL EXPENSES $191.16 $471.92 NET FARM INCOME ($191.16) $308.08 LABOR AND MANAGEMENT COSTS $27.24 $93.99 NET OPERATING PROFIT ($218.39) $214.08 CAPITAL COSTS INTEREST ON OPERATING CAPITAL $10.90 INTEREST ON EQUIPMENT INVESTMENT $31.73 __________________ TOTAL CAPITAL COSTS $0.00 $42.63 RETURN TO LAND AND RISK ($218.39) $171.46 ================== ========================================================================