TABLE 9. Red chile, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above average management, Carlsbad Basin, 2001. Planting dates: April 1 - April 15 Harvesting dates: September 1 - October 30 -------------------------------------------------------------------------------------------------------------------------- ITEM PRICE YIELD TOTAL -------------------------------------------------------------------------------------------------------------------------- GROSS RETURNS RED CHILE $0.70 3,200 LBS $2,240.00 _______ TOTAL $2,240.00 -------------------------------------------------------------------------------------------------------------------------- PURCHASED PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL --------- ------ ----- ------------ ------ -- ----- SEED $21.00 8 LBS $168.00 $168.00 NITROGEN (N) $0.42 200 LBS $84.00 $84.00 PHOSPHATE (P205) $0.39 60 LBS $23.40 $23.40 HERBICIDE (CUSTOM) $29.62 1 X/ACRE $29.62 $29.62 INSECTICIDE (CUSTOM) $42.40 1 X/ACRE $42.40 $42.40 CROP INSURANCE 40 DOLLARS $40.00 $40.00 CANAL WATER 48 AC. IN. $47.00 $47.00 _______ _______ SUBTOTAL $434.42 $434.42 POWER ACCOMPLISHMENT PURCHASED FUEL FIXED PREHARVEST OPERATIONS UNIT RATE INPUTS LABOR & LUBE REPAIRS COST TOTAL ---------- ---------- -------------- ------------ ---------- ----- ----- ----- ----- ----- DISC 145 HP 0.17 HR $1.16 $2.15 $0.89 $2.97 $7.16 PLOW 145 HP 0.48 HR $3.26 $6.07 $3.16 $8.63 $21.12 DISC (2X) 145 HP 0.34 HR $2.31 $4.30 $1.77 $5.93 $14.32 FLOAT 96 HP 0.16 HR $1.09 $1.16 $0.10 $0.53 $2.88 FERTILIZE (CUSTOM) DEALER APPLIED LISTER 145 HP 0.18 HR $1.22 $2.28 $0.79 $3.81 $8.11 PRE-IRRIGATE 0.05 HR $0.32 $0.00 $0.20 $37.16 $37.68 CULTIVATOR 96 HP 0.21 HR $1.43 $1.53 $0.52 $1.29 $4.77 PLANTER 96 HP 0.26 HR $1.77 $1.89 $0.59 $6.14 $10.38 CULTIVATOR (2X) 27 HP 0.42 HR $2.86 $1.15 $0.82 $1.79 $6.61 THIN & HOE (2X) $80.00 $80.00 IRRIGATE (7X) 3.50 HR $22.23 $0.00 $0.00 $0.00 $22.23 __________ _______ _______ _______ _______ _______ _______ SUBTOTAL 5.60 HR $80.00 $37.64 $20.52 $8.83 $68.25 $215.24 HARVEST OPERATIONS ------- ---------- HAND PICK $640.00 $640.00 FIELD HAUL 96 HP 1.00 HR $6.80 $7.27 $0.65 $21.95 $36.67 HAUL (CUSTOM) $96.00 $96.00 __________ ______ _______ _______ _______ _______ ______ SUBTOTAL 1.00 HR $736.00 $6.80 $7.27 $0.65 $21.95 $772.67 POSTHARVEST OPERATIONS ----------- ---------- 27 HP SHREDDER 27 HP 0.29 HR $1.97 $0.79 $0.08 $1.51 $4.36 OVERHEAD EXPENSES -------- -------- DOWNTIME 0.88 HR $5.97 $5.97 EMPLOYEE BENEFITS $6.77 $6.77 INSURANCE $0.75 $0.75 LAND TAXES $1.84 $1.84 SUPERVISION AND MANGEMENT $96.53 $96.53 OTHER EXPENSES $125.56 $125.56 __________ _______ _______ _______ _______ SUBTOTAL 0.88 HR $126.31 $109.27 $1.84 $237.42 ---------- ------- ------- ------- ------- ------- ------- TOTAL OPERATING EXPENSES 7.77 HR $1,376.73 $155.68 $28.58 $9.56 $93.55 $1,664.10 NET OPERATING PROFIT $575.90 INTEREST ON OPERATING CAPITAL ( 288.94 @ 9.00%) $26.00 INTEREST ON EQUIPMENT INVESTMENT $278.67 RETURN TO LAND AND RISK $271.23 ========================================================================================================================== * Pump water costs are shown under irrigation in the preharvest operations section. BUDGET SUMMARY GROSS RETURN $2,240.00 VARIABLE OPERATING EXPENSES $1,414.87 RETURN OVER VARIABLE EXPENSES $825.13 (GROSS MARGIN) FIXED EXPENSES $93.55 NET FARM INCOME $731.58 (RETURN TO CAPITAL, LABOR, LAND & RISK) LABOR AND MANAGEMENT COST $155.68 NET OPERATING PROFIT $575.90 (RETURN TO CAPITAL, LAND & RISK) CAPITAL COSTS $304.67 RETURN TO LAND AND RISK $271.23 ======================================================================================================