Table 8A. Income and Cash Operating Summary; Pima (ELS) Cotton, 1998
COUNTY: Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
INCOME ⇒
FARM: Cochise County 98
ACRES:
1.0
YIELD:
206.0 Lb / Acre
Page 35
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Item
Unit
Quantity
Price/
Unit
Lint
CottonSeed
Pound
Ton
206.00
0.22
$1.03
$133.60
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Other Chemicals
Budgeted
/Acre
$212.18
$29.39
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Total
/Acre
$241.57
____________
____________
41.62
____________
____________
____________
97.04
____________
____________
____________
____________
____________
28.86
____________
____________
____________
____________
____________
____________
21.37
20.25
31.18
24.15
3.95
37.76
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
119.89
20.43
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
13.50
3.00
10.55
18.31
140.32
16.50
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
Your Farm
Budget
-------------324.34
____________
____________
____________
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
1.49
21.83
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
10.49
60.00
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
Other Materials
23.32
____________
____________
____________
70.49
____________
____________
____________
0.51
23.93
1.57
0.04
____________
____________
____________
____________
=============
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
===================
119.87
____________
15.45
15.56
-------------$475.22
($233.65)
____________
____________
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 154
Table 8B. Allocations of Ownership Costs; Pima (ELS) Cotton, 1998
COUNTY:Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
FARM: Cochise County 98
WATER SOURCE:
Ks Settlement, NG
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
206.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 36
$1.03 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$241.57
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$241.57
$475.22
$475.22
($233.65)
9.73
12.04
23.76
14.26
-------------59.79
($233.65)
9.73
12.04
23.76
14.26
-------------59.79
535.01
535.01
($293.44)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($293.44)
72.30
44.84
32.97
22.86
-------------172.98
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($293.44)
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($368.00 X 16.0% X 0.144)
Opportunity Interest on Land (100% X 6.0 X $368.00)
8.54
8.54
22.08
-------------30.62
-------------Total Land Costs
8.54
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($301.97)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------68.33
38.02
-------------301.40
=============
=============
TOTAL COST
$543.55
$776.62
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($301.97)
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
($466.41)
$2.16
$0.33
$2.50
($497.03)
($535.05)
$2.16
$1.46
$3.63
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 154
Table 8C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Jan
Jan
Jan
Jan
Feb
Mar
Mar
Mar
Apr
Apr
Apr
Apr
May
May
May
Jun
Jul
Jul
Oct
Oct
Oct
Nov
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Cochise County 98
ACRES:
1.0
YIELD:
206.0 Lb / Acre
---- Hours * ---Machine Labor
Plow
Apply Soil Amendment
Disk
Landplane
Apply Herbicide/Ground
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
Remove Cap
Irrigate
Soil Fertility
Cultivate/Side Dress
Cultivate
Apply Fungicide/Air
Apply Insecticide/Air
Cotton, First Pick
Cotton, Make Modules
Haul, Custom 0 Mu
Cotton, Second Pick 0 Mu
Cotton, Make Modules 0
Cotton Ginning 6.1 Cs
Cotton Classing .4 Ba
Crop Assessment .4 Ba
Cut Stalks .4 Ba
Disk Residue .4 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
0.360
Page 37
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.400
5.33
3.28
24.00
0.129
0.225
0.150
0.180
0.022
0.023
0.225
0.225
0.150
0.143
0.250
0.167
0.200
0.025
0.847
0.025
0.250
0.250
0.167
0.424
2.00
2.97
1.26
2.38
0.16
35.08
0.35
2.28
2.89
1.07
21.05
1.17
2.05
1.37
1.64
0.20
5.78
0.20
2.05
2.05
1.37
2.89
0.333
0.182
3.93
1.36
2.73
1.49
69.63
3.95
28.82
3.00
0.300
0.164
31.18
4.23
4.23
5.44
13.44
0.900
0.900
1.000
1.000
36.64
11.08
7.80
6.82
0.03
0.600
0.900
0.666
1.000
24.43
11.08
5.19
6.82
0.03
23.93
0.51
1.57
0.164
0.129
2.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
0.182
0.143
1.46
2.00
15.45
1.49
1.17
Tot. Cash
Expenses
Times
8.60
93.63
3.18
5.02
6.58
4.02
0.37
40.86
0.56
4.33
33.76
2.44
23.94
3.00
37.84
2.85
9.67
17.67
44.44
17.93
29.62
17.93
23.93
0.51
1.57
2.95
3.18
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
8.60
28.09
3.18
5.02
6.58
4.02
0.73
40.86
1.67
4.33
33.76
2.44
119.70
3.00
37.84
2.85
9.67
8.83
44.44
17.93
17.77
10.76
23.93
0.51
1.57
2.95
3.18
15.45
15.56
15.56
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
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
475.22
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)
90.17
Growing (G)
234.17
Harvest (H)
90.90
Post Harvest (P)
26.88
Marketing (M)
2.08
Operating Overhead (O)
31.01
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.77
$0.93
$1.03
$1.13
$1.29 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
154.5
185.4
206.0
226.6
-327.14
-321.25
-317.33
-313.40
-303.27
-292.61
-285.50
-278.39
-287.36
-273.51
-264.28
-255.05
-271.45
-254.42
-243.06
-231.71
-247.58
-225.77
-211.24
-196.70
2.89
2.51
2.31
2.16
$475.22
Break-even Yield
1,870.65 1,033.23
795.75
647.03
505.36
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 154
Table 8D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1998
COUNTY:Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
Number
Irrigations
Month *
JAN C
FEB C
MAR C
1.0
APR C
MAY C
1.0
JUN C
1.0
JUL C
2.0
AUG C
1.0
OCT C
NOV C
DEC C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Total
%
6.0
FARM: Cochise County 98
ACRES:
1.0
YIELD:
206.0 Lb / Acre
Water
Applied
(inches)
10.0
6.0
6.0
12.0
6.0
Total
Labor (Hrs)
0.60
0.28
1.16
0.69
0.81
0.61
0.85
0.42
1.42
1.47
0.46
40.0
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
105.8
Total P
0.0
Total K
0.0
Total Labor
8.8
Total Water
40.0
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
7.82
3.12
38.25
6.59
25.49
22.41
42.09
21.05
33.76
30.74
8.35
15.45
8.76
Page 38
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
4.88
20.89
7.20
40.79
2.29
1.97
7.38
8.31
1.97
48.54
5.67
15.32
13.50
41.08
6.03
31.18
3.00
65.70
4.38
26.79
5.79
12.16
6.35
66.39
2.89
23.94
10.44
0.02
14.36
58.57
10.56
0.02
7.18
48.50
3.70
4.47
16.52
15.45
15.56
15.56
255.12
53.68
64.94
13.66
83.50
17.57
58.12
12.23
475.22
100.00
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
26.9 Gal
Unleaded Gas
6.0 Gal
Nat Gas/Pumping
323.5 Therms
All Direct Energy
36.8 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Cotton Picker, 2 Row
1.26 Hr
Lister, 5 Bottom
0.18 Hr
Offset Disk, 16.5'
0.32 Hr
Power Mulcher, 4 Rw
0.22 Hr
Rowbuck, 10'
0.04 Hr
Tractor, 80 PTO HP,
1.44 Hr
Fert. Side Dress Unit,
Module Builder
Pickup Truck, 1/2 Ton
Rolling Cultivator, 4 Rw
Saddle Tk Sprayer, 2 Tk 8
Tractor, 100 PTO HP,
0.30
1.44
2.00
0.46
0.15
1.42
MATERIALS REQUIREMENT ( per Acre)
46-00-00, Urea 46
230.00 Lb
Mancozeb
2.00 Lb
Pima Cotton Sd + Fung
20.00 Lb
Chlorpyrifos
Module Tarps
Trifluralin
1.00 Pt
0.80 C
1.20 Pt
Gypsum
Phorate
Water, Pump
Irrigators
2.97 Hr
Other
LABOR REQUIREMENT ( per Acre)
Harvest
1.40 Hr
Tractor
2.79 Hr
13.55
2.85
Hr
Hr
Hr
Hr
Hr
Hr
Landplane 12'X 45'
Moldboard Plow, 4-16 2
Planter, Drill Type, 4 Row
Rotary Stalk Cutter, 4 Row
Section Harrow, 3 Section
Tractor, 125 PTO HP
0.22
0.36
0.22
0.16
0.15
1.09
Hr
Hr
Hr
Hr
Hr
Hr
0.60 Tn
6.66 Lb
40.00 AI
1.60 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 154
Table 8E. Schedule of Operations; Pima (ELS) Cotton, 1998
COUNTY:Cochise
CROP:
Cotton, Pima
AREA:
Kansas Settlement
First
No.MonthTimes
FARM: Cochise County 98
ACRES:
1.0
YIELD:
206.0 Lb / Acre
Operation
Page 39
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
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
125 Moldboard Plow, 4-16 2
Apply Soil Amendment CST Grnd Apply Gypsum
Disk
125 Offset Disk, 16.5'
Landplane
125 Landplane 12'X 45'
Apply Herbicide/Ground100 Saddle Tk Sprayer, 2 Tk 8
List
125 Lister, 5 Bottom
Buck Rows
100 Rowbuck, 10'
Preirrigate
Disk Ends
125 Offset Disk, 16.5'
Mulch
100 Power Mulcher, 4 Rw
Plant
100 Planter, Drill Type, 4 Row
12
13
14
15
Apr
May
May
May
1.0
5.0
1.0
1.0
Remove Cap
Irrigate
Soil Fertility
Cultivate/Side Dress
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
100 Section Harrow, 3 Section
CST Soil Analysis (Surface)
100 Rolling Cultivator, 4 Rw
Fert. Side Dress Unit, 4Row
1.0 Cultivate
100 Rolling Cultivator, 4 Rw
1.0 Apply Fungicide/Air
CST Air Spray, 3 Gal Mix
0.5 Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
1.0 Cotton, First Pick
Cotton Picker, 2 Row
1.0 Cotton, Make Modules 80 Module Builder
1.0 Haul, Custom
CST Haul Cotton Modules
0.6 Cotton, Second Pick
Cotton Picker, 2 Row
0.6 Cotton, Make Modules 80 Module Builder
1.0 Cotton Ginning
CST Gin Pima Cotton
1.0 Cotton Classing
CST Class Cotton, HVI
1.0 Crop Assessment
CST Pima (High Elev)
1.0 Cut Stalks
100 Rotary Stalk Cutter, 4 Row
1.0 Disk Residue
125 Offset Disk, 16.5'
Pickup use 60 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
2.50
Labor
Type
Tractor
Gypsum
7.00
4.00
6.00 Trifluralin
5.00
40.00
1.18 Water, Pump
40.00
4.00
4.00 Pima Cotton Sd + Fung
Phorate
6.00
2.36 Water, Pump
2.00 Tn
33.00 Tn
1.20 Pt
24.95 Ga
10.00 AI
42.09 AF
20.00 Lb
6.66 Lb
0.64 Lb
2.18 Lb
6.00 AI
42.09 AF
24.00 Ac
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
Irrigators
3.00 Ac
3.00 46-00-00, Urea 46
230.00 Lb 257.00 Tn
Tractor
5.50
Tractor
Mancozeb
Chlorpyrifos
1.00
1.00 Module Tarps
2.00 Lb
2.00 Pt
0.50
C
2.58 Lb
50.95 Ga
4.23 Ac
4.23 Ac
Harvest
Other
0.05 CW
0.00Mu
1.50
1.00 Module Tarps
0.50
C
Harvest
Other
0.05 CW
3.95 Cs
1.25 Ba
3.80 Ba
5.50
7.00
0.50
Tractor
Tractor
*NOTES: Machine times, labor times, and material rates are for one time over the designated acreage.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 154