24 



Table 8. - Annual cost of producing twine-baled hay with the single-cut system on a typical 200- 

 acre meadow with production averaging 2 tons per acre 



Item 



Total cost 



Cost per ton 



Percentage 



of total costs 



Fixed costs: 



Taxes 



Depreciation on: 



Machinery 



Buildings and sheds 



Stackyards 



Total depreciation 



Interest on investment: 



Value of meadows at 5 percent !_/ 

 Value of sheds and buildings 



at 5 percent 2^/ 



Stackyards 



Machinery at 6 percent 



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 harves ting 



Total value of family labor 



Total variable costs 



Grand total 



Dollars 



400 



1, 500 



160 



12 



198 



1, 870 

 200 



3, 13; 



688 



230 

 342 



572 



1, 856 



4, 991 



Dollars 



1. 00 



533 



1.33 



120 



. 30 



12 



.03 



665 



1. 66 



3. 75 



. 40 

 .03 

 . 50 



4. 68 

 . 50 



7. 84 



188 



.47 



187 



.47 



221 



. 55 



120 



. 30 



480 



1. 24 



75 



. 19 



13 



.03 



1. 76 



58 

 86 



1. 44 



4. 69 



12. 53 



Percent 



8. 



13. 3 



37. 5 

 4.0 



62. 8 



3. 8 

 3. 7 

 4.4 



13. 8 



11. 5 



37. 2 



100.0 



1/ Includes the value of the irrigation system on the meadow and fences around the meadow. 

 2/ Only the proportionate share chargeable to hay is included. 



