Table 9A. Income and Cash Operating Summary; Pima (ELS) Cotton, 1998
COUNTY: Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
INCOME ⇒
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
840.0 Lb / Acre
Page 40
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Item
Unit
Quantity
Price/
Unit
Lint
CottonSeed
Pound
Ton
840.00
0.75
$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
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Budgeted
/Acre
$865.20
$100.20
$965.40
____________
____________
72.85
____________
____________
____________
241.79
____________
____________
____________
____________
____________
41.79
____________
____________
____________
____________
16.82
24.97
73.00
8.12
8.12
8.69
13.65
Chemicals and Custom Applications
Other Chemicals
28.16
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
8.35
51.72
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $20.00 per Acre is included as an ownership cost in Table B.
Your Farm
Budget
35.33
180.89
14.22
11.35
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
Total
/Acre
37.76
35.09
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
Other Materials
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
-------------437.55
____________
____________
____________
22.33
____________
____________
____________
28.16
____________
____________
60.07
____________
____________
____________
6.97
96.35
7.88
0.00
-------------221.77
15.29
22.98
____________
____________
____________
____________
=============
===================
$697.58
$267.82
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 154
Table 9B. Allocations of Ownership Costs; Pima (ELS) Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
FARM: Maricopa County 98
WATER SOURCE:
Salt River Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
840.0 Lb / Acre PREVIOUS CROP:
Cotton, Pima
Item
TOTAL INCOME at
Page 41
$1.03 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$965.40
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$965.40
$697.58
$697.58
$267.82
10.82
34.88
20.93
-------------66.63
$267.82
10.82
34.88
20.93
-------------66.63
764.21
764.21
$201.19
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$201.19
75.67
31.81
-------------107.48
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$201.19
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($619.00 X 16.0% X 0.141)
Opportunity Interest on Land (100% X 6.0 X $619.00)
Water Assessment
13.98
13.98
37.14
20.00
-------------71.12
20.00
-------------Total Land Costs
33.98
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$167.20
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------100.61
55.81
-------------301.04
=============
=============
TOTAL COST
$798.20
$998.62
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$167.20
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
$93.71
$0.71
$0.12
$0.83
$22.59
($33.22)
$0.71
$0.36
$1.07
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 154
Table 9C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Feb
Mar
Mar
Mar
May
May
May
Jun
Jun
Jul
Jul
Jul
Jul
Aug
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
Nov
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
840.0 Lb / Acre
Plow
Disk
Landplane
Apply Herb. & Incorporate
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
Remove Cap
Cultivate
Apply Fert/Ground
Irrigate
Apply Insecticide/Air
Apply Growth Regulator
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Ground
Hand Weeding
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Prepare Ends
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Rood
Haul, Custom .1 Mu
Cotton Ginning 24.7 Cs
Cotton Classing 1.7 Ba
Crop Assessment 1.7 Ba
Cut Stalks 1.7 Ba
Disk Residue 1.7 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.257
0.170
0.900
0.180
0.158
0.022
0.011
0.200
0.170
0.100
0.150
0.150
0.286
0.189
1.000
0.200
0.175
0.025
0.600
0.013
0.222
0.189
0.111
0.167
0.167
0.300
Page 42
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
3.99
2.71
11.26
3.16
1.78
0.13
0.08
2.49
2.62
0.60
1.35
1.76
2.79
1.84
9.75
1.95
1.71
0.24
5.85
0.13
2.16
1.84
1.08
1.63
1.63
2.92
3.96
8.12
4.23
4.23
4.23
4.23
0.129
0.143
2.000
1.37
1.39
4.23
4.23
4.23
4.75
4.75
0.045
0.900
0.300
0.450
0.257
0.050
1.000
0.333
0.500
0.286
0.47
36.77
3.73
18.39
2.59
0.49
9.75
3.25
4.87
2.79
4.80
96.35
2.16
7.88
0.200
0.300
2.000
0.222
0.333
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
1.81
3.16
15.29
2.16
3.25
17.67
7.30
10.10
7.12
13.12
37.01
10.26
19.35
26.44
6.48
15.70
2.96
Times
6.77
4.55
21.01
9.06
3.49
0.38
5.85
0.21
4.65
12.58
1.68
2.98
21.05
10.22
14.33
11.35
17.35
41.24
13.02
23.58
30.67
10.71
20.45
7.71
0.96
46.52
6.97
23.26
5.38
4.80
96.35
2.16
7.88
3.97
6.41
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
1.0
1.0
1.0
1.0
1.0
1.0
1.0
22.98
Tot. Cash
Expenses
6.77
4.55
21.01
9.06
3.49
1.89
5.85
1.06
4.65
12.58
1.68
8.93
42.11
102.24
57.33
11.35
17.35
41.24
13.02
23.58
30.67
10.71
20.45
7.71
0.96
46.52
6.97
18.61
5.38
4.80
96.35
2.16
7.88
3.97
6.41
15.29
22.98
Class
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
H
H
P
M
M
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
*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
$20.00 per Acre is included as an ownership cost in Table B.
697.58
T
Table 9C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
840.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
59.47
Growing (G)
378.08
Harvest (H)
111.40
Post Harvest (P)
100.32
Marketing (M)
10.05
Operating Overhead (O)
38.27
=============
Total (T)
$697.58
Page 43
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.77
$0.93
$1.03
$1.13
$1.29 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
630.0
756.0
840.0
924.0
1,050.0
Break-even Yield
-152.55
-88.48
-45.76
-3.05
61.02
-55.21
28.32
84.02
139.71
223.24
9.68
106.19
170.54
234.88
331.39
74.57
184.06
257.06
330.05
439.54
171.90
300.86
386.84
472.81
601.77
930.00
713.28
617.37
544.19
462.04
1.01
0.89
0.83
0.78
0.71
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 154
Table 9D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
Month *
Number
Irrigations
JAN C
FEB C
1.0
MAR C
APR C
MAY C
2.0
JUN C
2.0
JUL C
3.0
AUG C
2.0
SEP C
1.0
OCT C
NOV C
DEC C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
11.0
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
840.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
12.0
12.0
12.0
18.0
12.0
6.0
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.20
1.56
0.17
0.35
0.97
0.97
3.25
0.64
0.30
0.45
1.34
0.55
Page 44
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
13.93
11.67
1.89
3.82
3.33
3.33
2.94
0.22
10.00
15.00
21.50
16.50
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
11.72
15.24
1.67
3.42
9.48
9.48
12.17
6.22
2.92
4.39
13.09
5.40
12.62
50.29
7.83
15.29
1.98
1.98
22.98
27.63
28.88
5.18
13.74
30.47
80.48
113.29
107.23
33.50
61.44
113.96
43.50
15.29
22.98
185.99
26.66
697.58
100.00
1.62
6.50
17.67
44.99
70.50
62.38
9.33
9.33
12.69
12.69
16.92
4.75
35.10
50.58
30.28
**
72.0
11.76
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
119.6
Total P
0.0
Total K
0.0
Total Labor
11.8
Total Water
72.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Shaper, 6 Rw
0.17 Hr
Dbl. Offset Disk, 16'
0.18 Hr
Landplane 12'X 45'
0.90 Hr
Moldboard Plow, 5-16 2
0.26 Hr
Pickup Truck, 1/2 Ton
2.00 Hr
Rolling Cultivator, 6 Rw
0.58 Hr
Rowbuck, 10'
0.11 Hr
Tandem Disk, 12'
0.05 Hr
Tractor, 125 PTO HP,
0.16 Hr
MATERIALS REQUIREMENT ( per Acre)
46-00-00, Urea 46
260.00 Lb
Mepiquat Chloride
0.50 Pt
Oxamyl
1.50 Pt
Pyriproxyfen
8.00 Oz
Trifluralin
1.20 Pt
LABOR REQUIREMENT ( per Acre)
Hand Weeders
2.00 Hr
Tractor
4.76 Hr
63.00
9.03
127.14
18.23
95.18
13.64
218.15
31.27
8.12
1.16
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
31.2 Gal
Unleaded Gas
6.0 Gal
All Direct Energy
5.1 M BTU
Cotton Picker, 2 Row
Directed Spray Rig, 8
Lister, 7 Bottom
Offset Disk, 13.5'
Planter, Drill Type, 6 Row
Rood, 3 Row W/Basket
Saddle Tk Sprayer, 2 Tk 8
Tractor, 80 PTO HP,
Tractor, 150 PTO HP,
Buprofezin
Methidathion
Pima Cotton Sd + Fung
Sodium Chlorate
Water, District
Harvest
1.26
0.13
0.16
0.35
0.17
0.26
0.18
0.82
1.51
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Cotton Trailer 30'X 8'X 6'
Fert. Side Dress Unit,
Module Builder
Offset Disk, 18'
Power Mulcher, 6 Rw
Rotary Stalk Cutter, 4 Row
Section Harrow, 4 Section
Tractor, 100 PTO HP,
0.00
0.30
0.30
0.17
0.20
0.20
0.10
1.79
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
0.50
3.00
12.00
2.00
72.00
Lb
Pt
Lb
Ga
AI
Chlorpyrifos
Methomyl
Prometryn
Thidiazuron/diuron
6.00
1.00
2.50
9.50
Pt
Pt
Pt
Oz
Irrigators
3.60 Hr
1.40 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$20.00 per Acre is included as an ownership cost in Table B.
Table 9E. Schedule of Operations; Pima (ELS) Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Pima
AREA:
Salt River Project
First
No.MonthTimes
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
840.0 Lb / Acre
Operation
1
2
3
4
Jan
Jan
Jan
Jan
1.0
1.0
1.0
1.0
Plow
Disk
Landplane
Apply Herb. &
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
May
May
May
Jun
Jun
Jul
Jul
Jul
1.0
3.0
2.0
10.0
4.0
1.0
1.0
1.0
1.0
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 45
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Equipment/ Custom Oper
HP Self-Prop./ Implement
150 Moldboard Plow, 5-16 2
150 Offset Disk, 18'
150 Landplane 12'X 45'
150 Dbl. Offset Disk, 16'
Saddle Tk Sprayer, 2 Tk 8 Row
125 Lister, 7 Bottom
80 Rowbuck, 10'
80 Tandem Disk, 12'
100 Power Mulcher, 6 Rw
100 Bed Shaper, 6 Rw
Planter, Drill Type, 6 Row
80 Section Harrow, 4 Section
100 Rolling Cultivator, 6 Rw
100 Fert. Side Dress Unit,
Remove Cap
Cultivate
Apply Fert/Ground
Irrigate
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Growth RegulatorCST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Herbicide/Ground100 Directed Spray Rig, 8
Rolling Cultivator, 6 Rw
Hand Weeding
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
Prepare Ends
100 Offset Disk, 13.5'
Cotton, First Pick
Cotton Picker, 2 Row
Cotton, Make Modules 80 Module Builder
Cotton, Second Pick
Cotton Picker, 2 Row
Cotton, Rood
80 Rood, 3 Row W/Basket
Haul, Custom
CST Haul Cotton Modules
Cotton Ginning
CST Gin Pima Cotton
Cotton Classing
CST Class Cotton, HVI
Crop Assessment
CST Pima (Low Elev)
Cut Stalks
100 Rotary Stalk Cutter, 4 Row
Disk Residue
100 Offset Disk, 13.5'
Pickup use 60 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
3.50
5.30
1.00
5.00 Trifluralin
5.70
40.00
1.67 Water, District
76.90
4.50
5.30 Pima Cotton Sd + Fung
9.00
6.00
6.00 46-00-00, Urea 46
3.33 Water, District
Chlorpyrifos
Mepiquat Chloride
Oxamyl
Pyriproxyfen
7.00 Prometryn
1.20 Pt
Tractor
Tractor
Tractor
Tractor
24.95 Ga
12.00 AI
0.00 AF
12.00 Lb
0.64 Lb
130.00
6.00
1.50
0.50
1.50
8.00
2.50
Lb 257.00 Tn
AI 14.60 AF
Pt 50.95 Ga
Pt 107.75 Ga
Pt 66.19 Ga
Oz 560.00 Ga
Pt 31.04 Ga
3.00
0.50
1.00
9.50
2.00
Pt 48.80 Ga
Lb 50.00 Lb
Pt 49.05 Ga
Oz 200.00 Ga
Ga
1.40 Ga
Labor
Type
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
4.23
4.23
4.23
4.23
Ac
Ac
Ac
Ac
Tractor
0.50
Hand
Methidathion
Buprofezin
Methomyl
Thidiazuron/diuron
Sodium Chlorate
4.23
4.23
4.23
4.75
4.75
Ac
Ac
Ac
Ac
Ac
20.00
1.00
3.00
2.00
3.50
Tractor
Harvest
Tractor
Harvest
Tractor
35.00Mu
3.90 Cs
1.25 Ba
4.55 Ba
4.50
3.00
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 4 / 154