Table
7A. Income and Cash Operating Cost Summary, Pima (ELS) Cotton, 1996
COUNTY: Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
FARM: Cochise County Farm
ACRES:
1.0
YIELD:
246.0 Lb/Acre
Item
Unit
Page
WATER SOURCE:
Ks NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
INCOME ->
Lint
Pound
246.00
CottonSeed
Ton
0.41
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals & Custom Applications
Fertilizers
Insecticides
Herbicides
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation (excluding labor)
Natural Gas/Pumping
Repairs & Maint.
Price
/Unit
Other Purchased Inputs & Services
Seed/Transplants
Other Services & Rentals
$0.9400
114.6000
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessments
Other Materials
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
24
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
09/23/96
Budgeted
/Acre
Total
/Acre
$231.24
46.99
$278.23
42.74
21.95
20.79
95.34
42.87
21.53
4.73
26.21
26.93
11.18
15.75
143.31
122.89
20.43
15.60
12.60
3.00
_________
323.92
22.55
1.53
21.02
67.17
12.10
55.08
0.74
28.94
2.88
0.04
_________
122.32
15.86
8.69
=========
$470.80
(
$192.57)
Your Farm
Budget
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
============
____________
____________
Notes: The above figures do not include ownership costs, see Table 7B on Next Page for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 8/17
Table
7B. Allocation of Ownership Costs; Pima (ELS) Cotton, 1996
COUNTY: Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
FARM: Cochise County Farm
ACRES:
1.0
YIELD:
246.0 Lb/Acre
Page
WATER SOURCE:
Ks NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
— CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.9400/Lb + 2nd Crop
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
25
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
09/23/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$278.23
|
470.79
(
$192.56)
|
(
$192.56)
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
9.31
|
9.31
Wells & Irrig. System
10.92
|
10.92
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
23.53
|
23.53
General Farm Maint. ( 3% of Tot. Oper. Exp.)
14.12
|
14.12
__________
|
__________
Total Cash Overhead Expenses
57.88
|
57.88
|
Total Cash Oper. & Over. Cost
528.68
|
528.68
RETURNS OVER CASH OPER. & OVER. EXPENSES.
(
250.45)
|
(
250.45)
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
67.66
Wells & Irrig. System
|
41.65
Interest on Equity, Machinery & Vehicles
|
31.65
Wells & Irrig. System
|
20.95
|
__________
Total Capital Allocations
|
161.91
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ———————————————————————————>(
250.45)
|
RETURNS TO LAND, MANAGEMENT & RISK ————————————————————————————————————————————————————————————————————>(
412.36)
____________
|
____________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($260 X 16% X .14112)
5.87
|
5.87
Opport. Inter. on Land (100% X 6.0% X $260)
|
15.60
—————
|
—————
Total Land Costs
5.87
|
21.47
RETURNS TO MANAGEMENT, CAPITAL & RISK —————————————————————————————————>(
256.32)
|
RETURNS TO MANAGEMENT & RISK ——————————————————————————————————————————————————————————————————————————>(
433.83)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
37.66
__________
|
___________
TOTAL OWNERSHIP COST
63.76
|
278.93
==========
|
===========
TOTAL COST
$534.55
|
$749.73
RETURN TO MANAGEMENT, CAPITAL & RISK ——————————————————————————————————>(
$256.32)
|
RETURN TO RISK (PROFITS) ——————————————————————————————————————————————————————————————————————————————>( $471.50)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$278.23
470.79
Lb)
$1.7228
$0.2591
$1.9819
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 8/17
$1.7228
$1.1338
$2.8566
Table
7C. Variable Operating Costs; Pima (ELS) Cotton, 1996
COUNTY: Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Jan
Jan
Jan
Jan
Feb
Mar
Mar
Mar
Apr
Apr
Apr
Apr
May
May
May
Jun
Jul
Jul
Oct
Oct
Oct
Nov
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Cochise County Farm
ACRES:
1.0
YIELD:
246.0 Lb/Acre
Page
WATER SOURCE:
Ks NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
—— Hours * —— |
—————— Operating Costs ($/Acre*) ——————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials Total
Operation
Plow
Apply Soil Amend NOT FOUND
Disk
Landplane
Apply Herbicide/Ground
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
Remove Cap
Irrigate
Soil Fertility
Cultivate/Side Dress
Cultivate
Apply Fungicide/Air
Apply Insecticide/Air
Cotton, First Pick
Cotton, Make Modules
Haul, Custom
0.0 Mu
Cotton, Second Pick
Cotton, Make Modules
Cotton Ginning
7.2 Cs
Cotton Classing
0.5 Ba
Crop Assessment
0.5 Ba
Cut Stalks
Disk Residue
Pickup Use 60 Mi/Ac
Operating Interest at 8.00%
0.360
0.129
0.225
0.150
0.180
0.022
0.022
0.225
0.225
0.150
0.300
0.164
0.900
0.900
0.600
0.900
0.164
0.129
2.000
0.400 |
|
0.143 |
0.250 |
0.167 |
0.200 |
0.025 |
0.847 |
0.025 |
0.250 |
0.250 |
0.167 |
0.424 |
|
0.333 |
0.182 |
|
|
1.000 |
1.000 |
|
0.666 |
1.000 |
|
|
|
0.182 |
0.143 |
4.65
3.36
69.30
1.80
2.51
1.37
2.08
0.17
35.83
0.26
2.42
2.79
1.14
21.50
1.20
2.10
1.40
1.68
0.21
5.94
0.21
2.10
2.10
1.40
2.97
3.81
1.42
2.80
1.53
4.73
25.26
3.00
42.87
6.00
6.00
33.93
11.33
7.01
7.01
22.62
11.33
4.67
7.01
5.42
11.74
0.03
0.03
28.94
0.74
2.88
1.54
1.80
15.86
1.53
1.20
13.80
TOTAL CASH OPERATING EXPENSES:
$253.29
$65.27
$58.36
$104.99
8.01
69.30
3.00
4.61
7.50
3.76
0.38
41.77
0.47
4.52
30.15
2.54
24.47
3.00
49.48
2.95
11.42
17.74
40.94
18.37
0.00
27.29
18.37
28.94
0.74
2.88
3.07
3.00
26
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
09/23/96
Times
1.0
0.3
1.0
1.0
1.0
1.0
2.0
1.0
3.0
1.0
1.0
1.0
5.0
1.0
1.0
1.0
1.0
0.5
1.0
1.0
1.0
0.6
0.6
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense
8.01
20.79
3.00
4.61
7.50
3.76
0.76
41.77
1.42
4.52
30.15
2.54
122.35
3.00
49.48
2.95
11.42
8.87
40.94
18.37
0.00
16.37
11.02
28.94
0.74
2.88
3.07
3.00
15.86
13.80
________
$481.90
Class
L
L
L
L
G
L
G
G
G
L
L
G
G
G
G
G
G
G
H
H
H
H
H
P
M
M
P
L
O
O
T
* NOTES: Machine and labor hours and operating cost are for one time over the designated acreage. The ‘Tot. Cash Expense’
column and the ‘TOTAL CASH OPERATING EXPENSES:’ row include all operations, all times over. Classes are defined below.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$77.84
Growing (G)
252.05
Harvest (H)
86.70
Post Harvest (P)
32.01
Marketing (M)
3.61
Operating Overhead (O)
29.66
—————
Total (T)
$481.90
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
———————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.70
$0.84
$0.94
$1.03
$1.17 Break-even
|——————————————————————————————————————————————————————————————
-25%
184.5
|
-321.24
-295.23
-277.89
-260.54
-234.53
2.44
-10%
221.4
|
-313.58
-282.36
-261.55
-240.74
-209.52
2.12
Budgeted
246.0
|
-308.47
-273.78
-250.66
-227.53
-192.85
1.95
+10%
270.6
|
-303.36
-265.20
-239.77
-214.33
-176.18
1.82
+25%
307.5
|
-295.70
-252.34
-223.43
-194.53
-151.17
1.66
Break-even Yield
| 1,731.18 1,031.16
812.21
669.96
530.57
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 8/17
Table
7D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1996
COUNTY: Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
Month *
Number
Irrig.
Water
Applied
(Inches)
FARM: Cochise County Farm
ACRES:
1.0
YIELD:
246.0 Lb/Acre
JAN C
FEB C
MAR C
1.0
10.0
APR C
MAY C
1.0
6.0
JUN C
1.0
6.0
JUL C
2.0
12.0
AUG C
1.0
6.0
OCT C
NOV C
DEC C
Pickup Use 60 Mi/Ac
Operating Interest at 8.0%
0.59
0.28
1.15
0.69
0.80
0.60
0.84
0.42
1.42
1.46
0.45
Total
%
8.75
6.0
|
|
|
Total
Labor (Hrs)
40.0
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 100 PTO HP, MFWD
Offset Disk, 16.5'
Lister, 5 Bottom
Planter, 4 Row
Fert. Side Dress Unit, 4Row
Module Builder
MATERIALS REQUIREMENTS(/Acre)
Gypsum
Pima Cotton Sd + Fung
Mancozeb
LABOR REQUIREMENTS(/Acre)
Tractor
Other
* NOTE:
P = Previous Year
1.85
0.32
0.18
0.23
0.30
1.44
253.29
52.55
Labor
Chemicals
5.02
2.35
8.53
5.82
6.19
4.50
5.94
2.97
10.02
10.28
3.67
20.79
2.37
2.37
12.66
42.87
Natural Gas/Pumping
All Direct Energy
0.60 Tn
20.00 Lb
2.00 Lb
2.79 Hrs
1.60 Hrs
323.4
36.6
58.35
12.10
481.93
100.00
3.00
9.00
0.02
0.02
92.35
19.16
13.79
32.62
7.56
49.66
37.70
77.81
27.42
69.23
24.47
59.35
48.41
18.05
15.86
13.79
12.60
12.64
2.62
17.36
8.68
6.51
Gal
Gal
Gal
Therms
M BTU
Moldboard Plow, 4-16 2 Way
Landplane 12’X 45'
Rowbuck, 10'
Section Harrow, 3 Section
Cotton Picker, 2 Row
Rotary Stalk Cutter, 4 Row
0.36
0.23
0.04
0.15
1.26
0.16
Trifluralin
Phorate
Chlorpyrifos
1.20 Pt
6.66 Lb
1.00 Pt
Water, Pump
46-00-00, Urea 46
Module Tarps
Irrigators
2.97 Hrs
Harvest
C = Current Year
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
09/23/96
——————————————————————————
Other
Purchases
Services
Total
11.29
65.30
13.54
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
25.8
Regular Gas
0.0
NonLead Gas
6.0
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
27
Operating Cost ($/Acre)
6.81
2.84
38.76
6.62
25.74
22.92
43.00
21.50
31.95
29.42
7.87
15.86
|
|
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
105.8 lbs
Total P
0.0 lbs
Total K
0.0 lbs
Total Labor
8.7 Hrs
Total Water
40.0 AI
WATER SOURCE:
Ks NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
—————————————————————————
Purchased
Fuel, Oil
Water
& Repairs
|
|
|
|
|
|
|
|
|
|
|
Page
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Tractor, 125 PTO HP, MFWD
Saddle Tk Sprayer, 2 Tk 8 Row
Power Mulcher, 4 Rw
Rolling Cultivator, 4 Rw
Tractor, 80 PTO HP, MFWD
Pickup Truck, 1/2 Ton
0.66
0.15
0.23
0.46
1.44
2.00
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
40.00 AI
230.00 Lb
0.80 CW
N = Next Year
1.40 Hrs
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 8/17
Table
7E
Schedule of Operations; Pima (ELS) Cotton, 1996
COUNTY: Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
First
No. Month Times
Operation
FARM: Cochise County Farm
ACRES:
1.0
YIELD:
246.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
1
2
3
4
5
6
7
8
9
10
11
Jan
Jan
Jan
Jan
Feb
Mar
Mar
Mar
Apr
Apr
Apr
1.0
0.3
1.0
1.0
1.0
1.0
2.0
1.0
3.0
1.0
1.0
Plow
100
Apply Soil Amendment
Disk
125
Landplane
125
Apply Herbicide/Groun100
List
125
Buck Rows
100
Preirrigate
Disk Ends
100
Mulch
100
Plant
100
12
13
14
15
Apr
May
May
May
1.0
5.0
1.0
1.0
16
17
18
19
20
21
22
23
24
25
26
27
28
Jun
Jul
Jul
Oct
Oct
Oct
Nov
Oct
Oct
Dec
Dec
Dec
Dec
1.0
1.0
0.5
1.0
1.0
1.0
0.6
0.6
1.0
1.0
1.0
1.0
1.0
Remove Cap
100 Section Harrow, 3 Secti
Irrigate
Soil Fertility
CST Soil Analysis (Surf
Cultivate/Side Dress 100 Rolling Cultivator, 4 R
Fert. Side Dress Unit,
Cultivate
100 Rolling Cultivator, 4 R
Apply Fungicide/Air
CST Air Spray, 3 Gal Mi
Apply Insecticide/Air
CST Air Spray, 3 Gal Mi
Cotton, First Pick
Cotton Picker, 2 Row
Cotton, Make Modules 80 Module Builder
Haul, Custom
CST Haul Cotton Modules
Cotton, Second Pick
Cotton Picker, 2 Row
Cotton, Make Modules 80 Module Builder
Cotton Ginning
CST Gin Pima Cotton
Cotton Classing
CST Class Cotton, HVI
Crop Assessment
CST Pima (High Elev)
Cut Stalks
100 Rotary Stalk Cutter, 4
Disk Residue
125 Offset Disk, 16.5'
Pickup Use 60 Mi/Ac
Pickup Truck, 1/2 Ton
* NOTE:
Moldboard Plow, 4-16 2
CST
Offset Disk, 16.5'
Landplane 12’X 45'
Saddle Tk Sprayer, 2 Tk
Lister, 5 Bottom
Rowbuck, 10'
Offset Disk, 16.5'
Power Mulcher, 4 Rw
Planter, 4 Row
Page
WATER SOURCE:
Ks NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
28
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
09/23/96
———— Material Use & Cost ——— Service Cost
Name
Appl. Rate
$/Unit
$/Unit
2.50
Labor
Type
Tractor
Gypsum
2.00 Tn
7.00
4.00
6.00 Trifluralin
5.00
40.00
1.18 Water, Pump
40.00
4.00
4.00 Pima Cotton Sd + F
Phorate
6.00
2.36 Water, Pump
33.00 Tn
1.20 Pt
30.06 Ga
10.00 AI
42.99 AF
20.00 Lb
6.66 Lb
60.00 CW
1.81 Lb
6.00 AI
42.99 AF
0.00
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
Tractor
Tractor
Tractor
Tractor
Irrigator
3.00 Ac
3.00 46-00-00, Urea 46
230.00 Lb 355.00 Tn
Tractor
5.50
Tractor
Mancozeb
Chlorpyrifos
2.00 Lb
2.00 Pt
2.58 Lb
44.73 Ga
1.00
1.00 Module Tarps
0.50 CW
0.05 CW
6.00 Ac
6.00 Ac
Harvest
Other
0.00 Mu
1.50
1.00 Module Tarps
0.50 CW
Harvest
Other
0.05 CW
4.00 Cs
1.50 Ba
5.85 Ba
5.50
7.00
0.50
Tractor
Tractor
Machine times, labor times, and material rates are for one time over the designated acreage.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 8/17