Table
8A. Income and Cash Operating Cost Summary, Pima (ELS) Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
Item
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
821.0 Lb/Acre
Unit
Page
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Quantity
INCOME ->
Lint
Pound
821.00
CottonSeed
Ton
0.72
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Hand
Irrigation
Chemicals & Custom Applications
Fertilizers
Insecticides
Herbicides
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs & Services
Seed/Transplants
Price
/Unit
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Chemicals & Custom Applications
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessments
$0.9400
114.6000
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
Budgeted
/Acre
$771.74
82.51
30
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Total
/Acre
$854.25
71.12
32.57
13.32
25.23
266.48
48.46
190.66
14.58
12.78
41.79
18.19
23.60
73.00
**
7.56
7.56
_________
459.95
17.30
7.49
9.81
44.92
44.92
56.03
9.03
47.00
2.54
96.59
11.17
_________
228.55
14.86
17.80
=========
$721.16
$133.09
Your Farm
Budget
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
============
____________
____________
Notes: The above figures do not include ownership costs, see Table 8B on Next Page for detailed cost allocation.
** A water assessment charge of $20.34/Acre is included in the ownership costs of Table 8B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/36
Table
8B. Allocation of Ownership Costs; Pima (ELS) Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
821.0 Lb/Acre
Page
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.9400/Lb + 2nd Crop
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
31
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$854.25
|
721.15
$133.09
|
$133.09
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
10.07
|
10.07
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
36.05
|
36.05
General Farm Maint. ( 3% of Tot. Oper. Exp.)
21.63
|
21.63
________
|
________
Total Cash Overhead Expenses
67.75
|
67.75
|
Total Cash Oper. & Over. Cost
788.91
|
788.91
RETURNS OVER CASH OPER. & OVER. EXPENSES.
65.33
|
65.33
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
70.01
Interest on Equity, Machinery & Vehicles
|
29.56
|
________
Total Capital Allocations
|
99.57
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ——————————————————————————>
65.33
|
RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————>(
34.23)
_________
|
_________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($702 X 16% X .12601)
14.15
|
14.15
Opport. Inter. on Land (100% X 6.0% X $702)
|
42.12
Water Assessment **
20.34
|
20.34
—————
|
—————
Total Land Costs
34.49
|
76.61
RETURNS TO MANAGEMENT, CAPITAL & RISK ————————————————————————————————>
30.84
|
RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>( 110.84)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
57.69
_________
|
_________
TOTAL OWNERSHIP COST
102.25
|
301.63
=========
|
=========
TOTAL COST
$823.40
|
$1,022.79
RETURN TO MANAGEMENT, CAPITAL & RISK —————————————————————————————————> $30.84
|
RETURN TO RISK (PROFITS) ———————————————————————————————————————————————————————————————————————————————>( $168.54)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$854.25
721.15
Lb)
$0.7778
$0.1245
$0.9024
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/36
$0.7778
$0.3674
$1.1452
Table
8C. Variable Operating Costs; Pima (ELS) Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Feb
Mar
Mar
Mar
May
May
May
Jun
Jun
Jul
Jul
Jul
Jul
Aug
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
* NOTES:
Page
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
821.0 Lb/Acre
Operation
Plow
Disk
Landplane
Apply Herb. & Incorporate
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
Remove Cap
Cultivate
Apply Fert/Ground
Irrigate
Apply Insecticide/Air
Apply Growth Regulator
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Ground
Hand Weeding
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Prepare Ends
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
0.257
0.170
0.900
0.180
0.158
0.022
0.011
0.200
0.170
0.100
0.150
0.150
0.129
0.045
0.900
0.300
0.450
0.286
0.189
1.000
0.200
0.175
0.025
0.600
0.013
0.222
0.189
0.111
0.167
0.167
0.300
0.143
2.000
0.050
1.000
0.333
0.500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.18
2.71
11.21
3.10
1.86
0.14
0.08
2.41
2.57
0.61
1.35
1.68
2.41
1.59
8.41
1.68
1.47
0.21
4.20
0.11
1.87
1.59
0.93
1.40
1.40
2.10
4.73
7.56
6.00
6.00
6.00
6.00
24.23
7.30
8.81
6.78
13.03
36.75
9.84
1.37
1.20
13.32
6.00
6.00
6.00
8.32
8.32
0.49
33.79
3.74
16.90
0.42
7.01
2.80
3.50
19.21
26.25
6.19
15.51
12.77
6.59
4.30
19.62
9.51
3.33
0.35
4.20
0.19
4.28
11.72
1.54
2.75
27.31
9.40
14.81
12.78
19.03
42.75
12.41
13.32
25.21
32.25
12.19
23.83
21.09
0.91
40.80
6.54
20.40
32
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
1.0
1.0
1.0
1.0
1.0
5.0
1.0
5.0
1.0
1.0
1.0
3.0
2.0
10.0
4.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.8
Tot. Cash
Expense Class
6.59
4.30
19.62
9.51
3.33
1.73
4.20
0.96
4.28
11.72
1.54
8.26
54.62
94.00
59.24
12.78
19.03
42.75
12.41
13.32
25.21
32.25
12.19
23.83
21.09
0.91
40.80
6.54
16.32
See next page for notes.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/36
L
L
L
G
L
G
G
G
L
L
G
G
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
H
H
Table
8C. Variable Operating Costs; Pima (ELS) Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
First
No. Month
30
31
32
33
34
35
36
Nov
Oct
Oct
Dec
Dec
Dec
Dec
Page
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
821.0 Lb/Acre
Operation
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
Cotton, Rood
Haul, Custom
0.1 Mu
Cotton Ginning
24.1 Cs
Cotton Classing
1.7 Ba
Crop Assessment
1.7 Ba
Cut Stalks
Disk Residue
Pickup Use 60 Mi/Ac
Operating Interest at 8.00%
0.257
0.200
0.300
2.000
0.286 |
|
|
|
|
0.222 |
0.333 |
2.63
2.41
5.04
0.00
96.59
2.54
11.17
3.72
6.07
96.59
2.54
11.17
1.85
3.27
14.85
1.87
2.80
15.73
TOTAL CASH OPERATING EXPENSES:
$112.68
$88.38
$202.67
$315.32
33
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense Class
5.04
0.00
96.59
2.54
11.17
3.72
6.07
14.85
15.73
________
$719.05
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.
A water assessment charge of $20.34/Acre included as ownership cost in Table 8B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$55.90
Growing (G)
403.99
Harvest (H)
114.53
Post Harvest (P)
100.30
Marketing (M)
13.71
Operating Overhead (O)
30.58
—————
Total (T)
$719.04
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
————————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.70
$0.84
$0.94
$1.03
$1.17
Break-even
|———————————————————————————————————————————————————————————————
-25%
615.7
|
-227.80
-140.98
-83.10
-25.22
61.59
1.07
-10%
738.9
|
-175.26
-71.08
-1.62
67.83
172.01
0.94
Budgeted
821.0
|
-140.24
-24.48
52.69
129.86
245.62
0.87
+10%
903.1
|
-105.21
22.11
107.01
191.90
319.23
0.82
+25%
1,026.2
|
-52.68
92.02
188.48
284.95
429.65
0.75
Break-even Yield
| 1,149.73
864.13
741.35
649.13
547.04
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/36
Table
8D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
Month *
Number
Irrig.
Water
Applied
(Inches)
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
821.0 Lb/Acre
JAN C
FEB C
1.0
12.0
MAR C
APR C
MAY C
2.0
12.0
JUN C
2.0
12.0
JUL C
3.0
18.0
AUG C
2.0
12.0
SEP C
1.0
6.0
OCT C
NOV C
DEC C
Pickup Use 60 Mi/Ac
Operating Interest at 8.0%
Water Assessment
Total
%
11.0
|
|
|
Total
Labor (Hrs)
1.20
1.56
0.17
0.35
0.97
0.97
3.24
0.63
0.30
0.44
1.34
0.55
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
|
|
|
|
|
|
|
|
|
|
|
|
11.76
10.00
15.00
21.50
16.50
14.08
11.74
1.84
3.75
3.25
3.25
2.94
0.22
11.75
37.36
7.63
14.85
|
|
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
119.6 lbs
Total P
0.0 lbs
Total K
0.0 lbs
Total Labor
11.7 Hrs
Total Water
72.0 AI
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 150 PTO HP, MFWD
Landplane 12’X 45'
Tractor, 125 PTO HP, MFWD
Rotary Stalk Cutter, 4 Row
Rowbuck, 10'
Bed Shaper, 6 Rw
Rolling Cultivator, 6 Rw
Cotton Picker, 2 Row
Rood, 3 Row W/Basket Cleaner
LABOR REQUIREMENTS(/Acre)
Tractor
Harvest
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
34
10.11
12.30
1.44
2.95
7.33
7.33
22.56
4.52
2.10
3.36
9.89
4.52
2.37
2.37
15.10
26.57
26.42
4.79
12.75
34.81
87.20
126.93
110.70
41.05
66.54
95.54
45.17
14.85
15.10
202.04
28.51
708.44
100.00
1.51
6.05
24.23
48.62
68.43
60.46
14.13
14.13
18.00
18.00
24.00
8.32
37.30
48.29
33.03
**
72.0
MATERIALS REQUIREMENTS(/Acre)
Trifluralin
46-00-00, Urea 46
Oxamyl
Methidathion
Thidiazuron/diuron
Page
1.51
0.90
0.16
0.20
0.11
0.17
0.58
1.26
0.26
1.20
260.00
1.50
3.00
9.50
63.00
8.89
112.68
15.90
88.43
12.48
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
31.1
Regular Gas
0.0
NonLead Gas
6.0
All Direct Energy
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Moldboard Plow, 5-16 2 Way
Dbl. Offset Disk, 16'
Lister, 7 Bottom
Offset Disk, 13.5'
Tandem Disk, 12'
Planter, 6 Row
Fert. Side Dress Unit, 6Row
Module Builder
Pickup Truck, 1/2 Ton
Pt
Lb
Pt
Pt
Oz
Water, District
Chlorpyrifos
Pyriproxyfen
Buprofezin
Sodium Chlorate
4.76 Hrs
1.40 Hrs
Irrigators
234.74
33.13
7.56
1.06
5.0
Gal
Gal
Gal
M BTU
0.26
0.18
0.16
0.35
0.06
0.17
0.30
0.30
2.00
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Offset Disk, 18'
Saddle Tk Sprayer, 2 Tk 8 Row
Tractor, 100 PTO HP, MFWD
Tractor, 80 PTO HP, MFWD
Power Mulcher, 6 Rw
Section Harrow, 4 Section
Directed Spray Rig, 8 Row
Cotton Trailer 30’X 8’X 6'
72.00
6.00
8.00
0.50
2.00
AI
Pt
Oz
Lb
Ga
Pima Cotton Sd + Fung
Mepiquat Chloride
Prometryn
Methomyl
3.60 Hrs
* NOTE:
P = Previous Year C = Current Year
N = Next Year
** A water assessment charge of $20.34/Acre included as ownership cost in Table
8B.
Hand Weeders
0.17
0.18
1.79
0.82
0.20
0.10
0.13
0.00
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
12.00
0.50
2.50
1.00
Lb
Pt
Pt
Pt
2.00 Hrs
Table
8E
Schedule of Operations; Pima (ELS) Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
First
No. Month Times
Operation
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
821.0 Lb/Acre
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Equipment/Custom Oper.
HP
Self-Prop./Implem.
1
2
3
4
Jan
Jan
Jan
Jan
1.0
1.0
1.0
1.0
Plow
150
Disk
150
Landplane
150
Apply Herb. & Incorpo150
5
6
7
8
9
10
Jan
Jan
Feb
Feb
Mar
Mar
1.0
5.0
1.0
5.0
1.0
1.0
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
11
12
13
14
15
16
17
18
19
Mar 1.0 Remove Cap
May 3.0 Cultivate
May 2.0 Apply Fert/Ground
May 10.0 Irrigate
Jun 4.0 Apply Insecticide/Air
Jun 1.0 Apply Growth Regulato
Jul 1.0 Apply Insecticide/Air
Jul 1.0 Apply Insecticide/Air
Jul 1.0 Apply Herbicide/Groun100
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Jul
Aug
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
Nov
Oct
Oct
Dec
Dec
Dec
Dec
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Page
Moldboard Plow, 5-16 2
Offset Disk, 18'
Landplane 12’X 45'
Dbl. Offset Disk, 16'
Saddle Tk Sprayer, 2 Tk
125 Lister, 7 Bottom
80 Rowbuck, 10'
Job Rate
Acres/Hr
80 Tandem Disk, 12'
100 Power Mulcher, 6 Rw
100 Bed Shaper, 6 Rw
Planter, 6 Row
80 Section Harrow, 4 Secti
100 Rolling Cultivator, 6 R
100 Fert. Side Dress Unit,
Hand Weeding
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Prepare Ends
100
Cotton, First Pick
Cotton, Make Modules 80
Cotton, Second Pick
Cotton, Rood
80
Haul, Custom
Cotton Ginning
Cotton Classing
Crop Assessment
Cut Stalks
100
Disk Residue
100
Pickup Use 60 Mi/Ac
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
Directed Spray Rig, 8
Rolling Cultivator, 6 R
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
———— Material Use & Cost ——— Service Cost
Name
Appl. Rate
$/Unit
$/Unit
3.50
5.30
1.00
5.00 Trifluralin
1.20 Pt
5.70
40.00
1.67 Water, District
76.90
4.50
5.30 Pima Cotton Sd + F
9.00
6.00
6.00 46-00-00, Urea 46
3.33 Water, District
Chlorpyrifos
Mepiquat Chloride
Oxamyl
Pyriproxyfen
7.00 Prometryn
30.06 Ga
12.00 AI
0.00 AF
12.00 Lb
60.00 CW
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
130.00
6.00
1.50
0.50
1.50
8.00
2.50
Lb 355.00 Tn
AI
0.00 AF
Pt 44.73 Ga
Pt 103.28 Ga
Pt 66.19 Ga
Oz 560.00 Ga
Pt 30.00 Ga
6.00
6.00
6.00
6.00
3.00
0.50
1.00
9.50
2.00
Pt 48.80 Ga
Lb 50.00 Lb
Pt 47.16 Ga
Oz 199.00 Ga
Ga
6.08 Ga
6.00
6.00
6.00
8.32
8.32
Ac
Ac
Ac
Ac
Tractor
0.50
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 5 Gal Mi
CST Air Spray, 5 Gal Mi
Offset Disk, 13.5'
Cotton Picker, 2 Row
Module Builder
Cotton Picker, 2 Row
Rood, 3 Row W/Basket Cl
CST Haul Cotton Modules
CST Gin Pima Cotton
CST Class Cotton, HVI
CST Pima (Low Elev)
Rotary Stalk Cutter, 4
Offset Disk, 13.5'
Pickup Truck, 1/2 Ton
35
Hand Weed
Methidathion
Buprofezin
Methomyl
Thidiazuron/diuron
Sodium Chlorate
Ac
Ac
Ac
Ac
Ac
20.00
1.00
3.00
2.00
3.50
Tractor
Harvest
Tractor
Harvest
Tractor
0.00
4.00
1.50
6.60
4.50
3.00
0.50
Mu
Cs
Ba
Ba
Tractor
Tractor
* NOTE: Machine times, labor times, and material rates are for one time over the designated acreage.
** A water assessment charge of $20.34/Acre included as ownership cost in Table 8B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/36