TABLE 10. Summary of per acre costs and returns for a 200 acre farm with above average management, Carlsbad Basin, Eddy County, 2001. ---------------------------------------------------------------------------------------------------------------- ALFALFA ALFALFA PICKER STRIPPER RED ESTABLISHMENT HAY BARLEY SUDAN COTTON COTTON CHILE --------------------------------FLOOD----------------------------- ---------------------------------------------------------------------------------------------------------------- TONS CWT ACRE LBS LBS CWT PRIMARY YIELD 6.00 25.00 1.00 675.00 0.00 3200.00 PRIMARY PRICE 120.00 2.70 90.00 0.69 0.00 0.70 GOVERNMENT PAYMENTS 0.00 8.50 0.00 64.80 0.00 0.00 SECOND INCOME 10.00 40.00 0.00 52.65 0.00 0.00 GROSS RETURN $730.00 $116.00 $90.00 $583.20 $0.00 $2,240 CASH OPERATING EXPENSES SEED $73.75 $27.50 $8.50 $11.20 $0.00 $168.00 FERTILIZER $51.00 $16.80 $128.40 $24.00 $0.00 $107.40 CHEMICALS $50.83 $13.44 $64.82 $0.00 $72.02 CROP INSURANCE $11.76 $0.82 $0.00 $40.00 OTHER PURCHASED INPUTS $18.36 CANAL WATER $0.00 $47.00 $47.00 $47.00 $47.00 $0.00 $47.00 FUEL, OIL & LUBRICANTS-EQUIPMENT $25.67 $24.43 $15.67 $14.91 $27.15 $0.00 $28.58 FUEL-IRRIGATION $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 REPAIRS $10.39 $4.24 $6.66 $6.34 $10.34 $0.00 $9.56 CUSTOM CHARGES $73.33 $57.60 $22.48 $178.22 $0.00 $816.00 LAND TAXES $1.84 $1.84 $1.84 $1.84 $0.00 $1.84 OTHER EXPENSES $0.44 $126.45 $126.07 $126.13 $126.32 $0.00 $126.31 ________ ________________ ________________ ________ ________ TOTAL CASH EXPENSES $183.58 $381.75 $289.22 $333.12 $491.70 $0.00 $1,416.71 RETURN OVER CASH EXPENSES ($183.58) $348.25 ($173.22)($243.12) $91.50 $0.00 $823.29 FIXED EXPENSES $43.87 $119.21 $25.11 $24.07 $47.38 $0.00 $91.72 TOTAL EXPENSES $227.44 $500.97 $314.34 $357.18 $539.09 $0.00 $1,508.42 NET FARM INCOME ($227.44) $229.03 ($198.34)($267.18) $44.11 $0.00 $731.58 LABOR AND MANAGEMENT COSTS $49.12 $114.11 $40.68 $45.89 $95.24 $0.00 $155.68 NET OPERATING PROFIT ($276.56) $114.92 ($239.02)($313.07) ($51.13) $0.00 $575.90 CAPITAL COSTS INTEREST ON OPERATING CAPITAL $7.75 $5.91 $8.75 $7.44 $0.00 $26.00 INTEREST ON EQUIPMENT INVESTMENT $27.97 $17.88 $17.21 $31.69 $0.00 $278.67 ________ ________________ ________________ ________ ________ TOTAL CAPITAL COSTS $0.00 $35.73 $23.79 $25.96 $39.13 $0.00 $304.67 RETURN TO LAND AND RISK ($276.56) $79.20 ($262.81)($339.04) ($90.25) $0.00 $271.23 ======== ================ ================ ======== ======== ================================================================================================================