28 



Table 10. - Annual cost of producing twine-baled hay with the two-cut system on a typical 200- 

 acre meadow with production averaging 2. 5 tons per acre 



Item 



Total cost 



Cost per ton 



Percentage 

 of total costs 



Fixed costs: 



T axes 



Depreciation on: 



Machinery 1/ 



Buildings and sheds 



Stackyards 



Total depreciation 



Interest on investment: 



Value of meadows at 5 percent 2^/ 



Value of sheds and buildings 



at 5 percent 3_/ 



Stackyards 



Machinery at 6 percent l_l 



Total interest on investment 



Maintenance of ditch system and 



fences 



Total fixed costs 



Variable costs: 



Repairs on machinery 



Gas, oil, and grease 



Twine 



Hired labor: 



Irrigation 



Hay harvesting 



Meals during hay harvesting- 

 Insurance on hired labor 



Total hired labor 



Family labor: 



Irrigation 



Hay harvesting 



Total value of family labor -- 

 Total variable costs 



Grand total 



Dollars 



400 



586 



120 



12 



718 



1, 500 



160 



12 



198 



1, 870 

 247 



3, 235 



278 

 311 

 276 



160 



872 



136 



23 



1, 191 



280 

 605 



2, 941 



6, 176 



Dollars 

 0. 80 



1. 17 

 . 24 

 . 02 



1. 43 



3. 00 



. 32 

 . 02 

 . 40 



3. 74 

 . 49 



6.46 



. 56 

 . 62 

 . 55 



. 32 



1. 74 

 . 27 

 . 05 



2. 38 



. 56 

 1. 21 



1. 77 



12. 34 



Percent 



6. 5 



11. 6 



30. 3 

 4.0 



52.4 



4.5 

 5.0 

 4.5 



19. 3 



14. 3 



47. 6 



100.0 



1/ Based on table 7. 



2/ This value includes the value of the irrigation system for the meadows and the fences arour 

 the meadows. 

 3/ Only a proportionate share of the total value is included here. 



