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<br /> <br />c'\J <br />~ <br />(.'.1 <br />...-l <br />:) <br />(..;; <br /> <br />- 4 - <br /> <br />RIO GRANDE CENTER PIVOT BUDGETS - 1977 <br /> <br />Budget #3 Malt Barley Center pivot Corner System <br />150 Acres - Per Acre Cost, and Returns <br /> <br />I. Gross Returns per acre <br /> <br />90 bu x 2.69 <br /> <br />242.10 <br /> <br />II. Variable costs per acre <br /> <br />Same as center pi vot syst:em <br /> <br />165.01 <br /> <br />Income above variable cost:/acre <br /> <br />III. Machinery and equipment: ownership <br /> <br />Tract:or+ 30%!! ~.40 x .87 = <br />Equipment: + 30% 6.72 x2787 = <br />Irrigation syst:em x 1.07:;.1 = <br />Interest: (prorat:e tract:or <br />and equipment +?JO% irrigat:ion <br />equipment: + 7% . (x 1.04) 20.30 <br />Subt:ot:al 58.51 <br /> <br />8.17 <br />5.85 <br />24.49 <br /> <br />IV. <br /> <br />Ret:urns to land, risk, management: and <br />general. farm overhead per acre in <br />t:he 150 acre circle and corner areas <br /> <br />18.28/acre <br /> <br />77..09 <br /> <br />lj Tract:or and equipment: spread over 150 acres rather t:han 130 acres <br />factor = 130 acres/150 acres = .87 <br /> <br />y <br /> <br />Assume same basic costs of cent:er pivot: system in 1977 as <br />corner system inst:allation, ownership and int:erest <br />37,300 (cent:er pivot:) = 1.24 x 130 acres/150 acres <br />factor upward on ownership cost:. <br /> <br />1974 but: <br />46,300 (corner)/ <br />= 1.07 <br />