Table 5A. Income and Cash Operating Summary; Corn, 1998 COUNTY: Cochise CROP: Corn Grain AREA: Kansas Settlement FARM: Cochise County 98 ACRES: 1.0 YIELD: 10,100.0 Lb / Acre Item INCOME ⇒ Unit Grain Pound Page 20 WATER SOURCE: Ks Settlement, NG IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Watermelons Quantity 10,100.00 Price/ Unit $0.06 CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax) Paid Labor (including benefits) Tractor/Self Propelled Irrigation Other/ Contract Budgeted /Acre $616.10 Total /Acre Your Farm Budget $616.10 ____________ 43.28 ____________ ____________ ____________ ____________ 145.99 ____________ ____________ ____________ ____________ 27.41 ____________ ____________ ____________ 168.38 ____________ ____________ ____________ 29.75 ____________ ____________ 19.16 22.25 1.88 Chemicals and Custom Applications Fertilizer Insecticide Herbicide 80.25 45.34 20.41 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 9.96 17.45 Irrigation Water (excluding labor) Natural Gas/Pumping Repairs and Maintenance TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/4/99 143.86 24.51 Other Purchased Inputs & Seed/Transplants 29.75 TOTAL CASH LAND PREPARATION AND GROWING EXPENSES -------------414.82 ____________ CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) Tractor/Self Propelled 4.30 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 1.85 2.51 Custom Harvest/Post Harvest TOTAL HARVEST AND POST HARVEST EXPENSE OPERATING OVERHEAD ⇒ PICKUP USE OPERATING INTEREST AT 10.0% 4.30 ____________ ____________ 4.37 ____________ ____________ ____________ 125.70 -------------134.37 ____________ 12.88 21.18 ____________ ____________ ============= TOTAL CASH OPERATING EXPENSES RETURNS OVER CASH OPERATING EXPENSES $583.24 $32.86 ____________ =================== ____________ ____________ 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 / 21 Table 5B. Allocations of Ownership Costs; Corn, 1998 COUNTY:Cochise CROP: Corn Grain AREA: Kansas Settlement FARM: Cochise County 98 WATER SOURCE: Ks Settlement, NG ACRES: 1.0 IRRIGATION SYSTEM: Flood Furrow YIELD: 10,100.0 Lb / Acre PREVIOUS CROP: Watermelons Item TOTAL INCOME at Page 21 $0.06 / Lb TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES CASH OVERHEAD EXPENSES Taxes, Housing and Insurance, Farm Machinery Wells and Irrigation System General and Office Overhead (5.0% of Total Operating Exp.) General Farm Maintenance (3.0% of Total Operating Exp.) Total Cash Overhead Expenses Total Cash Operating and Overhead Cost RETURNS OVER CASH OPER. AND OVER. EXPENSES -- CASH COST BASIS ($/ACRE) -Income and Costs Net Returns $616.10 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/4/99 -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $616.10 $583.24 $583.24 $32.86 3.30 14.45 29.16 17.50 -------------64.41 $32.86 3.30 14.45 29.16 17.50 -------------64.41 647.64 647.64 ($31.54) CAPITAL ALLOCATIONS (100% Equity) Capital Replacement, Machinery and Vehicles Wells and Irrigation System Interest on Equity, Machinery and Vehicles Wells and Irrigation System ($31.54) 18.83 53.80 9.11 27.43 -------------109.17 Total Capital Allocations RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK --------------------------------> ($31.54) 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 ----------------------------------------> ($40.08) RETURNS TO MANAGEMENT AND RISK -----------------------------------------------------------------------------------------------------> Management Services (8% of Total Operation Expenses) TOTAL OWNERSHIP COST -------------72.94 46.66 -------------250.85 ============= ============= TOTAL COST $656.18 $834.09 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> ($40.08) 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 ($140.72) $0.06 $0.01 $0.06 ($171.33) ($217.99) $0.06 $0.02 $0.08 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 7 / 21 Table 5C. Variable Operating Costs; Corn, 1998 COUNTY:Cochise CROP: Corn Grain AREA: Kansas Settlement No. First Month Operation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Jan Jan Feb Mar Mar Mar Mar Apr Apr Apr Apr Apr Apr Jun Jun Jul Jul Aug Sep Sep Sep Sep Sep Oct Page 22 FARM: Cochise County 98 ACRES: 1.0 YIELD: 10,100.0 Lb / Acre ---- Hours * ---Machine Labor Plow Disk Landplane Apply Herb. & Incorporate Apply Fert/Ground List Buck Rows Preirrigate Disk Ends Mulch Plant Remove Cap Apply Fert/Ground Irrigate Cultivate Irrigate/Run Fertilizer Apply Insecticide/Air Prepare Ends Combine Harvest Field Transport Haul, Custom 98 CW Elevator Handling 98 CW Drying 98 CW Disk Residue 98 CW Pickup Use50 Mi/Acre Operating Interest at 10.0 0.360 0.129 0.225 0.129 0.075 0.180 0.022 0.023 0.150 0.180 0.090 0.129 0.125 WATER SOURCE: Ks Settlement, NG IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Watermelons ---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps. Labor Cust/Serv. Materials Total 0.400 0.143 0.250 0.143 0.083 0.200 0.050 0.704 0.025 0.167 0.400 0.100 0.143 0.333 0.125 0.279 5.33 2.00 2.97 2.34 0.57 2.38 0.16 35.08 0.35 1.07 2.54 0.64 1.60 17.54 1.11 14.03 3.28 1.17 2.05 1.17 0.68 1.64 0.38 4.80 0.20 1.37 3.00 0.82 1.17 2.27 1.02 1.90 20.41 29.96 39.75 30.10 4.23 0.023 0.025 0.35 0.20 0.450 0.500 4.02 4.09 62.00 24.50 24.50 14.70 0.129 1.667 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/4/99 0.143 2.00 12.88 1.17 10.09 13.44 Tot. Cash Expenses Times 8.60 3.18 5.02 23.92 31.21 4.02 0.54 39.88 0.56 2.44 45.29 1.46 32.87 19.81 2.13 26.03 17.67 0.56 62.00 8.11 24.50 24.50 14.70 3.18 1.0 2.0 1.0 1.0 1.0 1.0 3.0 1.0 1.0 1.0 1.0 1.0 1.0 6.0 1.0 2.0 2.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 8.60 6.35 5.02 23.92 31.21 4.02 1.61 39.88 0.56 2.44 45.29 1.46 32.87 118.87 2.13 52.06 35.34 0.56 62.00 8.11 24.50 24.50 14.70 3.18 12.88 21.18 21.18 Class L L L G G L G G G L L G G G G G G H H H H M P L ============= TOTAL CASH OPERATING EXPENSES (includes all times over): 583.24 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) 74.90 Growing (G) 339.91 Harvest (H) 95.17 Post Harvest (P) 14.70 Marketing (M) 24.50 Operating Overhead (O) 34.06 ============= Total (T) SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Prices ⇒ - 25% - 10% Budgeted + 10% + 25% Yields $0.05 $0.05 $0.06 $0.07 $0.08 Break-even Price - 25% - 10% Budgeted + 10% 7,575.0 9,090.0 10,100.0 11,110.0 -202.61 -153.45 -120.68 -87.91 -133.29 -70.28 -28.26 13.75 -87.09 -14.83 33.35 81.52 -40.88 40.62 94.96 149.29 28.43 123.80 187.37 250.95 13,819.3 10,779.4 9,400.87 8,334.90 7,123.32 0.07 0.06 0.06 0.05 $583.24 Break-even Yield ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 7 / 21 Table 5D. Resource and Cash Flow Requirements; Corn, 1998 COUNTY:Cochise CROP: Corn Grain AREA: Kansas Settlement Month * Number Irrigations JAN C FEB C MAR C APR C 0.7 MAY C 0.3 JUN C 2.0 JUL C 3.0 AUG C 2.0 SEP C 1.0 OCT C NOV C Pickup Use50 Mi/Acre Operating Interest at 10.0 Total % 9.0 FARM: Cochise County 98 ACRES: 1.0 YIELD: 10,100.0 Lb / Acre Water Applied (inches) Total Labor (Hrs) 7.0 3.0 10.0 14.0 9.0 5.0 48.0 WATER SOURCE: Ks Settlement, NG IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Watermelons -------------------------------------Purchased Fuel, Oil Water and Repairs 0.54 0.39 0.48 0.79 0.80 0.79 0.95 0.69 0.38 0.49 0.10 6.40 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/4/99 Operating Costs ($/ACRE *) -------------------------------------Other Labor Chemicals Purchases Services Total 7.33 4.98 5.46 35.79 23.63 44.95 49.11 32.08 17.94 4.22 1.40 12.88 4.45 3.22 3.86 7.35 6.04 8.47 8.55 6.39 2.68 4.04 0.82 239.77 41.11 TOTAL RESOURCE REQUIREMENTS ( per Acre) Total N 240.4 Total P 104.0 Total K 0.0 Total Labor 6.4 Total Water 48.0 EQUIPMENT REQUIREMENTS ( per Acre) Dbl. Offset Disk, 16' 0.13 Hr Grain Cart, 400 BU 0.45 Hr Moldboard Plow, 4-16 2 0.36 Hr Planter, Drill Type, 6 Row 0.18 Hr Saddle Tk Sprayer, 2 Tk 8 0.13 Hr Tractor, 125 PTO HP 1.32 Hr Page 23 55.87 9.58 50.37 12.03 28.07 21.18 11.78 8.20 59.69 64.10 78.57 53.42 103.09 48.56 24.89 94.66 2.22 12.88 21.18 120.31 20.63 583.24 100.00 8.93 20.83 36.97 10.09 8.46 4.27 86.40 137.53 23.58 29.75 5.10 TOTAL ENERGY REQUIREMENTS ( per Acre) Diesel Fuel 15.1 Gal Unleaded Gas 5.0 Gal Nat Gas/Pumping 388.1 Therms All Direct Energy 41.5 M BTU Fertilizer Broadcaster, Landplane 12'X 45' Offset Disk, 16.5' Rolling Cultivator, 6 Rw Section Harrow, 3 Section MATERIALS REQUIREMENT ( per Acre) 11-52-00, Dry 200.00 Lb Butylate 5.00 Pt Field Corn Sd 30.00 Th 32-00-00, URAN 32, Lqd Chlorpyrifos Phorate LABOR REQUIREMENT ( per Acre) Irrigators 3.26 Hr Other 0.08 0.22 0.43 0.13 0.24 Hr Hr Hr Hr Hr 20.00 Ga 4.00 Pt 6.00 Lb 0.28 Hr Fertilizer Injector, 6 Row Lister, 5 Bottom Pickup Truck, 1/2 Ton Rowbuck, 10' Tractor, 100 PTO HP, 82-00-00, Anhyd. Cyanazine Water, Pump Tractor 0.13 0.18 1.67 0.07 1.27 Hr Hr Hr Hr Hr 180.00 Lb 1.00 Qt 48.00 AI 2.87 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 / 21 Table 5E. Schedule of Operations; Corn, 1998 COUNTY:Cochise CROP: Corn Grain AREA: Kansas Settlement First No.MonthTimes FARM: Cochise County 98 ACRES: 1.0 YIELD: 10,100.0 Lb / Acre Operation Plow Disk Landplane Apply Herb. & Page 24 WATER SOURCE: Ks Settlement, NG IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Watermelons Equipment/ Custom Oper HP Self-Prop./ Implement 1 2 3 4 Jan Jan Feb Mar 1.0 2.0 1.0 1.0 5 6 7 Mar Mar Mar 1.0 Apply Fert/Ground 1.0 List 3.0 Buck Rows 125 Moldboard Plow, 4-16 2 125 Offset Disk, 16.5' 125 Landplane 12'X 45' 125 Dbl. Offset Disk, 16' Saddle Tk Sprayer, 2 Tk 8 Row 100 Fertilizer Broadcaster, 125 Lister, 5 Bottom 100 Rowbuck, 10' 8 9 10 11 Apr Apr Apr Apr 1.0 1.0 1.0 1.0 Preirrigate Disk Ends Mulch Plant 125 Offset Disk, 16.5' 100 Section Harrow, 3 Section 100 Planter, Drill Type, 6 Row 12 13 14 15 16 Apr Apr Jun Jun Jul 1.0 1.0 6.0 1.0 2.0 Remove Cap Apply Fert/Ground Irrigate Cultivate Irrigate/Run Fertilizer 100 Section Harrow, 3 Section 100 Fertilizer Injector, 6 Row 17 18 19 20 21 22 23 24 Jul Aug Sep Sep Sep Sep Sep Oct 2.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Apply Insecticide/Air Prepare Ends Combine Harvest Field Transport Haul, Custom Elevator Handling Drying Disk Residue Pickup use 50 Mi/Ac CST Air Spray, 3 Gal Mix 125 Offset Disk, 16.5' CST Combine Corn 100 Grain Cart, 400 BU CST Haul Grain CST Elevator Handling CST Dry Corn 125 Offset Disk, 16.5' Pickup Truck, 1/2 Ton 100 Rolling Cultivator, 6 Rw 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 7.00 4.00 7.00 Butylate Cyanazine 12.00 11-52-00, Dry 5.00 40.00 1.42 Water, Pump 40.00 6.00 5.00 Field Corn Sd Phorate 10.00 7.00 82-00-00, Anhyd. 3.00 Water, Pump 8.00 3.58 Water, Pump 32-00-00, URAN 32, Chlorpyrifos 40.00 Tractor Tractor Tractor Tractor 5.00 Pt 18.75 Ga 1.00 Qt 30.50 Ga 200.00 Lb 284.00 Tn 10.00 AI 42.09 AF 30.00 Th 6.00 Lb 0.94 Th 1.58 Lb Tractor Tractor Tractor Other Irrigators Tractor Tractor Tractor Other Tractor Tractor Irrigators Tractor Irrigators 180.00 Lb 317.00 Tn 5.00 AI 42.09 AF 4.00 AI 42.09 AF 10.00 Ga 173.00 Tn 2.00 Pt 50.95 Ga Labor Type 4.23 Ac Tractor 37.50 Ac 2.00 Tractor 0.25 C 0.25 C 0.15 C 7.00 0.60 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 / 21