Table 6A. Income and Cash Operating Summary; Durum Wheat, 1998
COUNTY: Cochise
CROP:
Wheat, Durum
AREA:
Kansas Settlement
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 25
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Quantity
5,000.00
Price/
Unit
$0.08
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Budgeted
/Acre
$375.00
Total
/Acre
Your Farm
Budget
$375.00
____________
34.22
____________
____________
____________
64.32
____________
____________
____________
18.98
____________
____________
____________
140.32
____________
____________
____________
39.88
____________
____________
15.13
19.09
Chemicals and Custom Applications
Fertilizer
Insecticide
41.80
22.52
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
6.82
12.16
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
119.89
20.43
Other Purchased Inputs &
Seed/Transplants
39.88
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------297.72
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
1.84
3.27
Farm Machinery and Vehicles
Diesel Fuel
Gasoline
Repairs and Maintenance
1.58
2.33
6.94
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
5.11
____________
____________
____________
10.86
____________
____________
____________
____________
-------------15.97
7.73
10.50
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$331.92
$43.08
____________
____________
____________
===================
____________
____________
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 / 32
Table 6B. Allocations of Ownership Costs; Durum Wheat, 1998
COUNTY:Cochise
CROP:
Wheat, Durum
AREA:
Kansas Settlement
FARM: Cochise County 98
WATER SOURCE:
Ks Settlement, NG
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
5,000.0 Lb / Acre PREVIOUS CROP:
Watermelons
Item
TOTAL INCOME at
Page 26
$0.08 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$375.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$375.00
$331.92
$331.92
$43.08
3.56
12.04
16.60
9.96
-------------42.15
$43.08
3.56
12.04
16.60
9.96
-------------42.15
374.07
374.07
$0.93
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
$0.93
20.37
44.84
9.58
22.86
-------------97.65
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$0.93
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 ---------------------------------------->
($7.61)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------50.69
26.55
-------------196.97
=============
=============
TOTAL COST
$382.61
$528.89
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($7.61)
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
($96.72)
$0.07
$0.01
$0.08
($127.33)
($153.89)
$0.07
$0.04
$0.11
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 32
Table 6C. Variable Operating Costs; Durum Wheat, 1998
COUNTY:Cochise
CROP:
Wheat, Durum
AREA:
Kansas Settlement
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Nov
Nov
Dec
Dec
Jan
Jan
Jan
Jan
Jan
Mar
Jul
Jul
Jul
Jul
Jul
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
---- Hours * ---Machine Labor
Plow
Disk
Apply Fert/Inject
Landplane
List
Plant
Buck Rows
Irrigate
Irrigate
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Field Transport
Haul 5
Disk Residue
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Page 27
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.360
0.129
0.180
0.225
0.180
0.180
0.022
0.400
0.430
0.200
0.250
0.200
0.200
0.025
0.565
0.279
5.33
2.00
1.99
2.97
2.38
2.14
0.16
28.06
14.03
3.28
3.52
1.64
2.05
1.64
1.64
0.20
3.86
1.90
0.023
0.180
0.180
0.250
0.129
1.000
0.025
0.200
0.200
0.250
0.143
0.35
4.07
1.61
4.83
2.00
7.73
0.20
1.56
1.64
1.71
1.17
41.80
39.88
4.23
7.03
Tot. Cash
Expenses
Times
8.60
5.53
45.43
5.02
4.02
43.65
0.37
31.92
15.94
11.26
0.56
5.63
3.24
6.54
3.18
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
8.0
2.0
1.0
1.0
1.0
1.0
1.0
8.60
5.53
45.43
5.02
4.02
43.65
0.37
31.92
127.48
22.52
0.56
5.63
3.24
6.54
3.18
7.73
10.50
10.50
Class
L
L
G
L
L
L
G
G
G
G
H
H
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
331.92
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)
70.00
Growing (G)
227.72
Harvest (H)
15.97
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
18.23
=============
Total (T)
$331.92
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.06
$0.07
$0.08
$0.08
$0.09 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
3,750.0
4,500.0
5,000.0
5,500.0
6,250.0
Break-even Yield
-116.65
-76.86
-50.33
-23.80
15.99
-74.46
-26.23
5.92
38.07
86.30
-46.34
7.52
43.42
79.32
133.18
-18.21
41.27
80.92
120.57
180.05
23.97
91.89
137.17
182.45
250.37
5,948.61 4,907.94
4,395.31
3,979.65
3,485.25
0.09
0.07
0.07
0.06
0.05
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 32
Table 6D. Resource and Cash Flow Requirements; Durum Wheat, 1998
COUNTY:Cochise
CROP:
Wheat, Durum
AREA:
Kansas Settlement
Month *
Number
Irrigations
Water
Applied
(inches)
NOV P
DEC P
JAN C
1.5
FEB C
1.5
MAR C
1.0
APR C
2.0
MAY C
2.0
JUN C
1.0
JUL C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Total
%
9.0
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
Total
Labor (Hrs)
8.0
8.0
4.0
8.0
8.0
4.0
40.0
EQUIPMENT REQUIREMENTS ( per Acre)
Combine, Sm. Gr., PL20,
0.18 Hr
Grain Cart, 400 BU
0.18 Hr
Lister, 5 Bottom
0.18 Hr
Pickup Truck, 1/2 Ton
1.00 Hr
Tractor, 125 PTO HP
1.04 Hr
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.83
0.45
0.87
0.67
0.28
0.56
0.56
0.28
0.82
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
7.33
4.96
31.60
29.21
14.03
28.06
28.06
14.03
12.86
7.73
5.32
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
205.0
Total P
0.0
Total K
0.0
Total Labor
5.3
Total Water
40.0
Page 28
6.80
3.68
6.39
4.75
1.90
3.81
3.81
1.90
6.28
177.88
53.59
39.33
11.85
10.50
14.13
50.45
57.93
53.91
27.20
43.13
31.87
15.94
19.14
7.73
10.50
18.96
5.71
331.92
100.00
41.80
19.94
19.94
7.03
7.03
55.86
16.83
4.23
4.23
39.88
12.02
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
10.8 Gal
Unleaded Gas
4.8 Gal
Nat Gas/Pumping
323.5 Therms
All Direct Energy
34.4 M BTU
Cultipacker, 13'
Grain Drill, 12'
Moldboard Plow, 4-16 2
Rowbuck, 10'
Truck, 5 Ton, Grain
0.18
0.18
0.36
0.02
0.25
Hr
Hr
Hr
Hr
Hr
Fertilizer Injector, 4 Row
Landplane 12'X 45'
Offset Disk, 16.5'
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
82-00-00, Anhyd.
250.00 Lb
Water, Pump
40.00 AI
Disulfoton
1.50 Pt
Durum Wheat Sd, Cert
LABOR REQUIREMENT ( per Acre)
Harvest
0.20 Hr
Tractor
2.07 Hr
Irrigators
2.80 Hr
Other
0.18
0.22
0.28
0.56
Hr
Hr
Hr
Hr
180.00 Lb
0.25 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 / 32
Table 6E. Schedule of Operations; Durum Wheat, 1998
COUNTY:Cochise
CROP:
Wheat, Durum
AREA:
Kansas Settlement
First
No.MonthTimes
FARM: Cochise County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
Operation
1
2
3
4
5
6
Nov
Nov
Dec
Dec
Jan
Jan
1.0
1.0
1.0
1.0
1.0
1.0
Plow
Disk
Apply Fert/Inject
Landplane
List
Plant
7
8
9
10
11
12
13
14
15
Jan
Jan
Jan
Mar
Jul
Jul
Jul
Jul
Jul
1.0
1.0
8.0
2.0
1.0
1.0
1.0
1.0
1.0
Buck Rows
Irrigate
Irrigate
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Field Transport
Haul
Disk Residue
Pickup use 30 Mi/Ac
Page 29
WATER SOURCE:
Ks Settlement, NG
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Equipment/ Custom Oper
HP Self-Prop./ Implement
125 Moldboard Plow, 4-16 2
125 Offset Disk, 16.5'
100 Fertilizer Injector, 4 Row
125 Landplane 12'X 45'
125 Lister, 5 Bottom
100 Grain Drill, 12'
Cultipacker, 13'
100 Rowbuck, 10'
CST Air Spray, 3 Gal Mix
125 Offset Disk, 16.5'
Combine, Sm. Gr., PL20, 190
100 Grain Cart, 400 BU
Truck, 5 Ton, Grain
125 Offset Disk, 16.5'
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
2.50
7.00
5.00 82-00-00, Anhyd.
4.00
5.00
5.00 Durum Wheat Sd, Cert
40.00
1.77 Water, Pump
3.58 Water, Pump
Disulfoton
40.00
5.00
5.00
7.00
1.00
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
250.00 Lb 317.00 Tn
180.00 Lb
21.00 CW
8.00 AI
4.00 AI
0.75 Pt
42.09 AF
42.09 AF
71.08 Ga
Labor
Type
Tractor
Irrigators
Irrigators
4.23 Ac
Tractor
Harvest
Tractor
Other
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 / 32