Table 8A. Income and Cash Operating Summary; Pima (ELS) Cotton, 1998
COUNTY: Pima
CROP:
Cotton, Pima
AREA:
Marana
INCOME ⇒
FARM: Pima County 98
ACRES:
1.0
YIELD:
529.0 Lb / Acre
Page 35
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Item
Unit
Quantity
Price/
Unit
Lint
CottonSeed
Pound
Ton
529.00
0.47
$1.03
$133.60
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Hand
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
Other Services and Rentals
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
Budgeted
/Acre
$544.87
$62.79
Total
/Acre
Your Farm
Budget
$607.66
____________
____________
62.99
____________
____________
____________
____________
171.15
____________
____________
____________
____________
____________
46.78
____________
____________
____________
____________
31.94
6.49
24.57
34.66
86.47
31.65
18.37
15.56
31.22
120.00
14.06
8.06
6.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------414.97
____________
____________
____________
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Chemicals and Custom Applications
Other Chemicals
33.18
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
4.09
32.58
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
Other Materials
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
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 $40.00 per Acre is included as an ownership cost in Table B.
7.33
____________
____________
____________
33.18
____________
____________
36.67
____________
____________
____________
4.44
58.35
4.84
0.70
-------------145.51
14.82
19.85
____________
____________
____________
____________
=============
===================
3.91
3.41
$595.15
$12.51
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 154
Table 8B. Allocations of Ownership Costs; Pima (ELS) Cotton, 1998
COUNTY:Pima
CROP:
Cotton, Pima
AREA:
Marana
FARM: Pima County 98
WATER SOURCE:
Cortaro-Marana
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
529.0 Lb / Acre PREVIOUS CROP:
Cotton, Pima
Item
TOTAL INCOME at
Page 36
$1.03 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$607.66
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$607.66
$595.15
$595.15
$12.51
8.26
29.76
17.85
-------------55.87
$12.51
8.26
29.76
17.85
-------------55.87
651.02
651.02
($43.36)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
($43.36)
56.74
24.47
-------------81.21
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($43.36)
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($540.00 X 16.0% X 0.183)
Opportunity Interest on Land (100% X 6.0 X $540.00)
Water Assessment
15.87
15.87
32.40
40.00
-------------88.27
40.00
-------------Total Land Costs
55.87
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($99.23)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------111.74
47.61
-------------272.96
=============
=============
TOTAL COST
$706.90
$868.11
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($99.23)
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
($124.57)
$1.01
$0.21
$1.22
($212.84)
($260.45)
$1.01
$0.52
$1.52
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 154
Table 8C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Pima
CROP:
Cotton, Pima
AREA:
Marana
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Mar
Apr
Apr
Apr
Jun
Jun
Jun
Jun
Jun
Jul
Aug
Jul
Aug
Oct
Oct
Oct
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Pima County 98
ACRES:
1.0
YIELD:
529.0 Lb / Acre
---- Hours * ---Machine Labor
Rip
Plow
Landplane
Disk
Apply Herbicide/Ground
List
Disk Ends
Buck Rows
Preirrigate
Mulch
Plant
Remove Cap
Cultivate
Cultivate
Hand Weeding
Field Scouting
Irrigate/Run Fertilizer
Irrigate
Apply Herbicide/Ground
Apply Insecticide/Air
Apply Growth Regulator
Apply Insecticide/Air
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Haul, Custom .1 Mu
Cotton Ginning 15.6 Cs
Cotton Classing 1.1 Ba
Crop Assessment 1.1 Ba
Cut Stalks 1.1 Ba
Disk Residue 1.1 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
0.360
0.400
0.257
0.225
0.150
0.180
0.011
0.022
0.300
0.225
0.129
0.300
0.164
Page 37
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.400
0.444
0.286
0.250
0.167
0.200
0.013
0.025
0.900
0.333
0.250
0.143
0.333
0.182
2.000
5.13
6.95
3.70
3.78
2.23
2.67
0.19
0.11
5.43
2.66
1.42
1.97
1.08
3.28
3.64
2.34
2.05
1.37
1.64
0.11
0.20
6.14
2.73
2.05
1.17
2.73
1.49
12.97
13.46
30.00
8.06
6.00
0.225
0.450
0.450
0.250
3.75
3.07
3.07
2.05
4.75
4.23
4.75
4.75
0.450
0.250
0.500
0.278
31.05
2.98
3.41
2.28
0.200
0.333
2.65
5.03
14.82
26.55
15.00
18.19
14.55
14.14
12.04
28.43
0.70
3.11
58.35
1.33
4.84
0.180
0.300
2.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
1.64
2.73
Tot. Cash
Expenses
Times
8.41
10.59
6.04
5.82
17.06
4.30
0.30
0.32
36.14
8.16
12.77
2.59
4.69
2.57
12.97
6.00
29.62
18.07
23.99
19.30
18.37
16.79
33.18
34.46
5.95
3.11
58.35
1.33
4.84
4.28
7.76
0.5
1.0
1.0
1.0
1.0
1.0
5.0
4.0
1.0
1.0
1.0
1.0
1.0
3.0
0.5
1.0
3.0
3.0
1.0
1.0
1.0
4.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
4.20
10.59
6.04
5.82
17.06
4.30
1.48
1.27
36.14
8.16
12.77
2.59
4.69
7.70
6.49
6.00
88.87
54.21
23.99
19.30
18.37
67.17
33.18
34.46
5.95
3.11
58.35
1.33
4.84
4.28
7.76
14.82
19.85
19.85
Class
L
L
L
L
G
L
G
G
G
L
L
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
P
M
M
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
595.15
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
$40.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
59.65
Growing (G)
355.32
Harvest (H)
76.70
Post Harvest (P)
62.63
Marketing (M)
6.17
Operating Overhead (O)
34.67
=============
Total (T)
$595.15
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.77
$0.93
$1.03
$1.13
$1.29 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
396.8
476.1
529.0
581.9
661.3
Break-even Yield
-253.22
-213.75
-187.44
-161.12
-121.65
-191.93
-140.19
-105.71
-71.22
-19.49
-151.06
-91.16
-51.22
-11.28
48.62
-110.20
-42.12
3.27
48.65
116.73
-48.90
31.44
85.00
138.56
218.89
905.80
691.14
596.85
525.19
445.05
1.41
1.22
1.13
1.05
0.96
Table 8D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1998
COUNTY:Pima
CROP:
Cotton, Pima
AREA:
Marana
Number
Irrigations
0.3
0.7
Month *
JAN C
FEB C
MAR C
APR C
MAY C
JUN C
2.0
JUL C
1.0
AUG C
2.0
SEP C
1.0
OCT C
NOV C
DEC C
JAN N
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
7.0
FARM: Pima County 98
ACRES:
1.0
YIELD:
529.0 Lb / Acre
Water
Applied
(inches)
3.6
8.4
12.0
6.0
12.0
6.0
Total
Labor (Hrs)
1.79
0.70
0.21
0.86
0.18
2.12
0.92
0.92
0.45
0.09
0.39
0.68
0.16
Page 38
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
9.00
21.36
21.00
0.83
3.45
8.22
1.08
30.00
1.38
15.00
5.13
30.00
0.11
15.00
3.59
17.01
18.99
2.30
14.82
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
14.27
13.46
58.09
4.85
26.69
1.74
5.19
7.04
8.06
23.32
1.49
2.57
14.43
11.55
57.36
6.92
43.89
10.23
81.16
6.35
50.19
14.25
100.89
3.07
24.09
9.50
51.66
0.68
28.43
0.07
10.90
43.66
2.84
0.35
30.73
50.93
5.33
0.28
30.76
55.35
1.31
3.61
14.82
19.85
19.85
**
48.0
9.48
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
122.1
Total P
0.0
Total K
0.0
Total Labor
9.5
Total Water
48.0
EQUIPMENT REQUIREMENTS ( per Acre)
Cotton Picker, 5 Row
0.45 Hr
Landplane 12'X 45'
0.26 Hr
Moldboard Plow, 5-16 2
0.40 Hr
Planter, Drill Type, 6 Row
0.22 Hr
Rotary Stalk Cutter, 4 Row
0.18 Hr
Section Harrow, 3 Section
0.13 Hr
Tractor, 125 PTO HP
0.13 Hr
MATERIALS REQUIREMENT ( per Acre)
32-00-00, URAN 32, Lqd
34.50 Ga
Cyanazine
1.00 Qt
Mepiquat Chloride
1.00 Pt
Prometryn
5.00 Pt
Trifluralin
1.00 Pt
LABOR REQUIREMENT ( per Acre)
Hand Weeders
1.00 Hr
Tractor
4.38 Hr
120.00
20.13
98.27
16.49
70.31
11.80
171.60
28.79
8.76
1.47
126.22
21.33
595.15
100.00
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
29.0 Gal
Unleaded Gas
6.0 Gal
All Direct Energy
4.8 M BTU
Cultivator, Sweep, 6 Rw
Lister, 7 Bottom
Offset Disk, 16.5'
Power Mulcher, 6 Rw
Rowbuck, 10'
Tractor, 70 PTO HP,
Tractor, 150 PTO HP
Acephate
Endosulfan
Module Tarps
Thidiazuron
Water, District
Harvest
0.22
0.18
0.58
0.30
0.09
1.11
2.45
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Directed Spray Rig, 16
Module Builder
Pickup Truck, 1/2 Ton
Rolling Cultivator, 6 Rw
Saddle Tk Sprayer, 2 Tk 8
Tractor, 80 PTO HP,
V-Ripper, 5 Shnk
2.00
2.00
13.33
0.40
48.00
Lb
Pt
C
Lb
AI
Acephate
Lambdacyhalothrin
Pima Cotton Sd + Fung
Tribufos
0.50 Hr
Irrigators
0.15
0.25
2.00
0.79
0.22
0.25
0.18
Hr
Hr
Hr
Hr
Hr
Hr
Hr
0.50
12.80
12.00
0.95
Lb
Oz
Lb
Pt
3.60 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$40.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 154
Table 8E. Schedule of Operations; Pima (ELS) Cotton, 1998
COUNTY:Pima
CROP:
Cotton, Pima
AREA:
Marana
First
No.MonthTimes
FARM: Pima County 98
ACRES:
1.0
YIELD:
529.0 Lb / Acre
Operation
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
Jan
Jan
Jan
Jan
Jan
0.5
1.0
1.0
1.0
1.0
Rip
150 V-Ripper, 5 Shnk
Plow
150 Moldboard Plow, 5-16 2
Landplane
150 Landplane 12'X 45'
Disk
150 Offset Disk, 16.5'
Apply Herbicide/Ground150 Directed Spray Rig, 16
6
7
8
9
10
11
12
13
14
15
16
17
Jan
Jan
Jan
Jan
Mar
Apr
Apr
Apr
Jun
Jun
Jun
Jun
1.0
5.0
4.0
1.0
1.0
1.0
1.0
1.0
3.0
0.5
1.0
3.0
List
Disk Ends
Buck Rows
Preirrigate
Mulch
Plant
Remove Cap
Cultivate
Cultivate
Hand Weeding
Field Scouting
Irrigate/Run Fertilizer
18
19
Jun
Jul
20
Aug
3.0 Irrigate
1.0 Apply Herbicide/Ground150 Cultivator, Sweep, 6 Rw
Saddle Tk Sprayer, 2 Tk 8 Row
1.0 Apply Insecticide/Air
CST Air Spray, 5 Gal Mix
21
22
Jul
Aug
1.0 Apply Growth RegulatorCST Air Spray, 3 Gal Mix
4.0 Apply Insecticide/Air
CST Air Spray, 5 Gal Mix
23
Oct
1.0 Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
24
25
26
27
28
29
30
31
Oct
Oct
Oct
Oct
Dec
Dec
Dec
Dec
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Cotton Picker, 5 Row
80 Module Builder
CST Haul Cotton Modules
CST Gin Pima Cotton
CST Class Cotton, HVI
CST Pima (Low Elev)
150 Rotary Stalk Cutter, 4 Row
150 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
Cotton, First Pick
Cotton, Make Modules
Haul, Custom
Cotton Ginning
Cotton Classing
Crop Assessment
Cut Stalks
Disk Residue
Pickup use 60 Mi/Ac
Page 39
150 Lister, 7 Bottom
150 Offset Disk, 16.5'
70 Rowbuck, 10'
150 Power Mulcher, 6 Rw
70 Planter, Drill Type, 6 Row
125 Section Harrow, 3 Section
70 Rolling Cultivator, 6 Rw
70 Rolling Cultivator, 6 Rw
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
2.50
2.25
3.50
4.00
6.00 Prometryn
Trifluralin
5.00
80.00
40.00
1.11 Water, District
3.00
4.00 Pima Cotton Sd + Fung
7.00
3.00
5.50
0.50
2.50 Pt
1.00 Pt
Tractor
Tractor
Tractor
Tractor
Tractor
31.04 Ga
24.95 Ga
12.00 AI
30.00 AF
12.00 Lb
0.64 Lb
CST Scout For Insects
Labor
Type
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
Tractor
Hand
6.00 Ac
2.22 Water, District
32-00-00, URAN 32,
2.22 Water, District
4.00 Prometryn
Endosulfan
Acephate
Mepiquat Chloride
Lambdacyhalothrin
Acephate
Thidiazuron
Tribufos
2.00
3.60 Module Tarps
6.00 AI 30.00 AF
11.50 Ga 173.00 Tn
6.00 AI 30.00 AF
2.50 Pt 31.04 Ga
Cyanazine1.00
Qt30.50
2.00 Pt 34.80 Ga
0.50 Lb 10.31 Lb
1.00 Pt 107.75 Ga
3.20 Oz 278.75 Ga
0.50 Lb
9.00 Lb
0.40 Lb 56.16 Lb
0.95 Pt 38.82 Ga
13.33
C
Irrigators
Irrigators
Tractor
Ga
4.75 Ac
4.23 Ac
4.75 Ac
4.75 Ac
Harvest
Tractor
0.05 CW
35.00Mu
3.75 Cs
1.25 Ba
4.55 Ba
5.00
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 6 / 154