Table 4A. Income and Cash Operating Summary; Alfalfa Hay, 1998
COUNTY: Cochise
CROP:
Alfalfa Hay
AREA:
Kansas Settlement
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5.9 Tn / Acre
Item
INCOME ⇒
Unit
Hay
Ton
Page 15
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Quantity
5.90
Price/
Unit
$96.70
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Irrigation
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
Budgeted
/Acre
$570.53
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Total
/Acre
$570.53
____________
32.52
____________
____________
238.54
____________
____________
____________
32.52
203.81
34.73
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
Your Farm
Budget
-------------271.05
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
23.10
____________
____________
____________
66.44
____________
____________
____________
____________
12.69
10.41
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
9.29
57.15
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
16.98
-------------106.53
10.30
23.93
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$411.81
$158.72
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 2
Table 4B. Allocations of Ownership Costs; Alfalfa Hay, 1998
COUNTY:Cochise
CROP:
Alfalfa Hay
AREA:
Kansas Settlement
FARM: Cochise County 98
WATER SOURCE:
Ks Settlement, NG
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
5.9 Tn / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 16
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$570.53
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$411.81
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$570.53
$411.81
$158.72
5.82
20.47
20.59
12.35
-------------59.24
$158.72
5.82
20.47
20.59
12.35
-------------59.24
471.05
471.05
$99.48
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
Stand Establishment (3 year crop)
$99.48
38.23
76.22
3.49
38.86
103.96
-------------260.77
103.96
-------------Total Capital Allocations
103.96
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($4.48)
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 ---------------------------------------->
($13.02)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------171.74
32.94
-------------383.57
=============
=============
TOTAL COST
$583.55
$795.38
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($13.02)
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
($161.29)
$69.80
$29.11
$98.91
($191.91)
($224.85)
$69.80
$65.01
$134.81
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 2
Table 4C. Variable Operating Costs; Alfalfa Hay, 1998
COUNTY:Cochise
CROP:
Alfalfa Hay
AREA:
Kansas Settlement
No.
First
Month Operation
1
2
3
4
5
6
Feb
Jun
May
May
May
May
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5.9 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Irrigate
Swathing
Raking
Baling
Roadsiding
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.150
0.150
0.129
0.090
1.333
Page 17
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.279
0.424
0.167
0.167
0.143
0.100
14.03
21.05
2.23
1.26
1.92
7.88
10.30
1.90
2.89
1.30
1.37
1.17
0.78
3.40
15.94
23.94
3.53
2.62
6.48
8.66
Tot. Cash
Expenses
Times
11.0
4.0
5.0
5.0
5.0
5.0
175.29
95.76
17.67
13.12
32.42
43.32
10.30
23.93
23.93
Class
G
G
H
H
H
H
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
411.81
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)
0.00
Growing (G)
271.05
Harvest (H)
106.53
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
34.23
=============
Total (T)
$411.81
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
4.4
5.3
5.9
6.5
7.4
-60.23
-12.02
20.12
52.25
100.46
3.96
65.00
105.70
146.39
207.43
46.75
116.35
162.75
209.15
278.75
89.54
167.70
219.80
271.91
350.07
153.72
244.72
305.38
366.05
457.04
5.53
4.37
3.83
3.41
2.93
86.14
74.79
69.12
64.47
58.90
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 2
Table 4D. Resource and Cash Flow Requirements; Alfalfa Hay, 1998
COUNTY:Cochise
CROP:
Alfalfa Hay
AREA:
Kansas Settlement
Month *
Number
Irrigations
FEB C
1.0
MAR C
1.0
APR C
2.0
MAY C
2.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
2.0
OCT C
1.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Total
%
15.0
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5.9 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
4.0
4.0
8.0
8.0
12.0
12.0
8.0
8.0
4.0
68.0
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.28
0.28
0.56
1.14
1.42
1.42
1.14
1.14
0.28
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
14.03
14.03
28.06
41.35
55.38
55.38
41.35
41.35
14.03
10.30
7.65
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
0.0
Total P
0.0
Total K
0.0
Total Labor
7.6
Total Water
68.0
Page 18
315.28
76.56
1.90
1.90
3.81
8.43
10.41
10.41
8.43
8.43
1.90
23.93
15.94
15.94
31.87
53.18
69.19
69.19
53.18
53.18
15.94
10.30
23.93
23.93
5.81
411.81
100.00
3.40
3.40
3.40
3.40
3.40
55.62
13.51
16.98
4.12
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
11.9 Gal
Unleaded Gas
4.0 Gal
Nat Gas/Pumping
549.9 Therms
All Direct Energy
57.1 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.45 Hr
Rake, 9.5' LH
0.75 Hr
Baler, 2 Wire Auto PTO
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
Baling Twine (6500')
2.45 TF
Water, Pump
LABOR REQUIREMENT ( per Acre)
Harvest
1.34 Hr
Irrigators
0.64 Hr
1.39 Hr
Pickup Truck, 1/2 Ton
Windrower, 14.0', HS, SC
1.33 Hr
0.75 Hr
Tractor
1.55 Hr
68.00 AI
4.77 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 / 2
Table 4E. Schedule of Operations; Alfalfa Hay, 1998
COUNTY:Cochise
CROP:
Alfalfa Hay
AREA:
Kansas Settlement
First
No.MonthTimes
1
2
3
4
5
6
Feb
Jun
May
May
May
May
11.0
4.0
5.0
5.0
5.0
5.0
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5.9 Tn / Acre
Operation
Irrigate
Irrigate
Swathing
Raking
Baling
Roadsiding
Pickup use 40 Mi/Ac
Page 19
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
Windrower, 14.0', HS, SC
100 Rake, 9.5' LH
100 Baler, 2 Wire Auto PTO
Bale Wagon, SP PRC
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
3.60 Water, Pump
2.40 Water, Pump
6.00
6.00
7.00 Baling Twine (6500')
10.00
0.75
4.00 AI
6.00 AI
42.09 AF
42.09 AF
0.49 TF
6.57 TF
Labor
Type
Irrigators
Irrigators
Harvest
Tractor
Tractor
Harvest
*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 / 2