Costs and Returns of Palay Production
Jan-June July-Dec Average STATE FARM
CASH COSTS 30,098 31,048 30,573 29,405
Seeds 1,673 1,714 1,694 1,694
Fertilizers 9,938 11,359 10,649 10,649
Pesticides 2,518 2,437 2,478 2,478
Hired Labor 10,239 10,160 10,199 10,199
Land Tax 162 217 190
Rentals 690 895 792
Fuel and Oil 1,441 1,458 1,449 1,449
Transport Cost of Inputs 270 239 254 254
Interest Payment on Crop Loan 153 219 186
Irrigation Fee 103 97 100 100
Sacks and Tying Materials 57 64 61 61
Food Expense 1,268 1,180 1,224 1,224
Repairs 428 167 297 297
Others 1,158 842 1,000 1,000
NON-CASH COSTS 9,470 8,815 9,142 5,782
Seeds 25 22 24 24
Fertilizers 47 20 33 33
Pesticides 9 5 7 7
Hired labor in kind 941 521 731 731
Harvesters' share 880 822 851 851
Thresher's share 767 762 765 765
Reaper's share 2,568 2,725 2,646 2,646
Landowner's share 2,943 3,038 2,990
Caretaker/overseer's wages 729 415 572 572
Other permenent employees' salary 36 87 61 61
Rentals 432 308 370
Others 93 90 92 92
IMPUTED COSTS 13,965 15,349 14,657 8,428
Seeds 1,637 1,577 1,607 1,607
Fertilizers 455 431 443 443
Pesticides 7 11 9 9
Operator labor 3,377 2,862 3,119 3,119
Family labor 1,669 1,810 1,739 1,739
Exchange labor 179 268 224 224
Depreciation 828 897 862
Interest on operating capital 1,396 1,471 1,434
Rental vaue of owned land 3,510 4,355 3,933
Others 907 1,667 1,287 1,287
TOTAL COSTS 53,533 55,212 54,372 43,615
GROSS RETURNS 64,951 65,466 65,209 65,209
RETURN ABOVE CASH COSTS 34,853 34,418 34,636 35,804
RETURNS ABOVE CASH AND
NON-CASH COSTS 25,383 25,603 25,494 30,022
NET RETURNS 11,418 10,254 10,837 21,594
NET PROFIT-COST RATIO 0.21 0.19 0.20 0.50
Cost per kilogram (PhP) 14.87 15.09 14.98 14.98
