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<br />CT:l <br />"'J. <br />'..'1 <br />..-4 <br />:~) <br />cD <br /> <br />- 11 - <br /> <br />RIO GRANDE CENTER PIVOT BUDGETS - 1977 <br /> <br />Budget #9 Potatoes - Center Pivot Corner System <br />150 Acres - Per Acre Cost and Returns <br /> <br />I. Gross Returns per,acre <br /> <br />276 cwt x 2.82/cwt <br /> <br />778.32 <br /> <br />II. <br /> <br />Variable costs per acre <br />Same as center pivot <br />Income above variable cost <br /> <br />486.60 <br /> <br />291.72 <br /> <br />III. Machinery and equipment ownership <br /> Tractor + 30%Y 13.81 x .87 '" 12.01 <br /> Equipment + 30%Y 20.48 x .87 '" 17.81 <br /> Irrigation system x 1.07Y 22.80 x 1.07 '" 24.40 <br /> Interest - prorate ownership. 28.16 x .95 '" 26.75 <br /> cost with straight center 80.97 <br /> pivot @ 8% factor .. .95 <br /> <br />IV. <br /> <br />Returns to land, risk, mana!j'ement and general <br />farm overhe",a per acre in the 150 acre area <br />per acre <br /> <br />210.75 <br /> <br />Y Tractor and equipment spread over 150 acres rather than 130 acres <br />factor'" 130/150 - .87 <br /> <br />Y Assume same basic costs of center pivot system in 1977 as 1974 but <br />corner system installation ownership and interest'" 46,300 (corner)/ <br />37,300 (center pivot) - 1.24 x 130 acres/150 acres'" 1.07 <br />