Table 10A. Income and Cash Operating Summary; Edible Dry Beans, 1998
COUNTY: Cochise
CROP:
Beans, Pinto
AREA:
Stewart
FARM: Cochise County 98
ACRES:
1.0
YIELD:
18.8 CW / Acre
Item
INCOME ⇒
Beans
Page 45
WATER SOURCE:
Stewart, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Unit
Quantity
Hundred Lbs
18.80
Price/
Unit
$21.08
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
3/8/99
Budgeted
/Acre
$396.30
Your Farm
Budget
$396.30
____________
45.04
____________
____________
____________
90.54
____________
____________
____________
____________
35.36
____________
____________
____________
183.54
____________
____________
____________
42.09
____________
____________
21.15
23.88
Chemicals and Custom Applications
Fertilizer
Herbicide
Other Chemicals
44.12
13.52
32.90
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
14.33
21.03
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
Total
/Acre
169.24
14.29
Other Purchased Inputs &
Seed/Transplants
42.09
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------396.57
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
4.09
9.65
Farm Machinery and Vehicles
Diesel Fuel
Gasoline
Repairs and Maintenance
4.98
4.20
21.59
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
13.75
____________
____________
____________
30.77
____________
____________
____________
____________
80.00
-------------124.52
____________
2.58
6.21
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$529.87
($133.57)
____________
===================
____________
____________
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 / 38
Table 10B. Allocations of Ownership Costs; Edible Dry Beans, 1998
COUNTY:Cochise
CROP:
Beans, Pinto
AREA:
Stewart
Item
TOTAL INCOME at
Page 46
FARM: Cochise County 98
WATER SOURCE:
Stewart, Elect
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
18.8 CW / Acre PREVIOUS CROP:
Wheat, Durum
$21.08 / CW
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$396.30
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
3/8/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$396.30
$529.87
$529.87
($133.57)
8.58
9.80
26.49
15.90
-------------60.77
($133.57)
8.58
9.80
26.49
15.90
-------------60.77
590.64
590.64
($194.34)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($194.34)
53.13
32.88
21.87
18.60
-------------126.49
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($194.34)
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)
4.27
4.27
11.04
-------------15.31
-------------Total Land Costs
4.27
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($198.61)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------65.04
42.39
-------------244.96
=============
=============
TOTAL COST
$594.91
$774.83
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($198.61)
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
($320.83)
$28.18
$3.46
$31.64
($336.14)
($378.53)
$28.18
$13.03
$41.21
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 38
Table 10C. Variable Operating Costs; Edible Dry Beans, 1998
COUNTY:Cochise
CROP:
Beans, Pinto
AREA:
Stewart
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Jul
Jul
Jul
Jul
Jul
Jul
Aug
Aug
Aug
Oct
Oct
Oct
Oct
Oct
Nov
FARM: Cochise County 98
ACRES:
1.0
YIELD:
18.8 CW / Acre
---- Hours * ---Machine Labor
Disk
List
Mulch
Apply Herbicide/Ground
Plant
Irrigate
Cultivate
Irrigate/Run Fertilizer
Apply Fungicide/Air
Dig
Windrow
Combine Harvest
Haul 40
Cleaning 20 Tn
Disk Residue 20 Tn
Pickup Use10 Mi/Acre
Operating Interest at 10.0
0.300
0.450
0.450
0.150
0.225
0.225
Page 47
WATER SOURCE:
Stewart, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
3/8/99
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.333
0.500
0.500
0.167
0.250
0.500
0.250
0.500
6.66
5.01
6.49
1.26
3.65
26.22
2.51
26.22
2.73
4.09
4.09
1.37
2.05
3.41
2.05
3.41
13.52
66.03
5.54
0.225
0.225
0.720
0.450
0.250
0.250
0.800
0.500
2.81
2.38
16.89
8.70
2.05
2.05
6.24
3.41
0.225
0.333
0.250
3.12
2.58
2.05
80.00
10.09
10.91
Tot. Cash
Expenses
Times
9.38
9.10
10.59
16.15
71.73
29.63
4.55
39.72
16.45
4.85
4.43
23.13
12.11
80.00
5.17
2.0
1.0
1.0
1.0
1.0
5.0
1.0
2.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
18.77
9.10
10.59
16.15
71.73
148.16
4.55
79.45
32.90
4.85
4.43
23.13
12.11
80.00
5.17
2.58
6.21
6.21
Class
L
L
L
G
L
G
G
G
G
H
H
H
H
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
529.87
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)
115.36
Growing (G)
281.21
Harvest (H)
44.52
Post Harvest (P)
80.00
Marketing (M)
0.00
Operating Overhead (O)
8.79
=============
Total (T)
$529.87
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$15.81
$18.97
$21.08
$23.19
$26.35 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
14.1
16.9
18.8
20.7
23.5
-275.40
-249.50
-232.23
-214.96
-189.05
-230.82
-196.00
-172.78
-149.57
-114.74
-201.10
-160.33
-133.15
-105.97
-65.20
-171.37
-124.66
-93.52
-62.38
-15.67
-126.79
-71.16
-34.07
3.01
58.64
44.08
32.79
28.01
24.45
20.53
35.34
30.56
28.16
26.20
23.85
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 7 / 38
Table 10D. Resource and Cash Flow Requirements; Edible Dry Beans, 1998
COUNTY:Cochise
CROP:
Beans, Pinto
AREA:
Stewart
Month *
Number
Irrigations
JUL C
1.0
AUG C
4.0
SEP C
2.0
OCT C
NOV C
Pickup Use10 Mi/Acre
Operating Interest at 10.0
Total
%
7.0
FARM: Cochise County 98
ACRES:
1.0
YIELD:
18.8 CW / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
6.0
24.0
12.0
42.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bean Knife Rig - 3 Pt/8
0.22 Hr
Combine, Sm. Gr., PL20,
0.72 Hr
Lister, 7 Bottom
0.45 Hr
Power Mulcher, 6 Rw
0.45 Hr
Tractor, 125 PTO HP,
2.03 Hr
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
2.58
2.25
1.00
1.80
0.25
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
3/8/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
55.95
107.38
52.44
30.77
3.12
2.58
7.88
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
100.5
Total P
75.9
Total K
0.0
Total Labor
7.9
Total Water
42.0
Page 48
WATER SOURCE:
Stewart, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
20.47
15.70
6.82
13.75
2.05
252.24
47.61
58.78
11.09
37.46
31.10
10.91
79.46
15.00
42.09
6.21
155.97
159.72
75.71
124.52
5.17
2.58
6.21
97.29
18.36
529.87
100.00
5.54
5.54
80.00
42.09
7.94
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
24.7 Gal
Unleaded Gas
4.2 Gal
Electric / Pumping
2256.6 KWH
All Direct Energy
11.7 M BTU
Bean Rod/Windrower 10
Cultivator, Sweep, 6 Rw
Pickup Truck, 1/2 Ton
Saddle Tk Sprayer, 2 Tk 8
Tractor, 335 Eng HP, Art.
MATERIALS REQUIREMENT ( per Acre)
18-46-00, Dry
165.00 Lb
EPTC
1.50 Pt
Water, Pump
42.00 AI
32-00-00, URAN 32, Lqd
Pinto Bean Sd
LABOR REQUIREMENT ( per Acre)
Harvest
0.80 Hr
Tractor
3.08 Hr
Irrigators
0.22
0.22
0.33
0.15
0.60
Hr
Hr
Hr
Hr
Hr
20.00 Ga
70.00 Lb
3.50 Hr
Combine Pickup Regular
Dbl. Offset Disk, 16'
Planter, Drill Type, 6 Row
Tractor, 100 PTO HP,
Truck, 5 Ton, Grain
0.72
0.83
0.22
0.15
0.45
Hr
Hr
Hr
Hr
Hr
Chlorothalonil
Trifluralin
4.00 Pt
2.00 Pt
Other
0.50 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 / 38
Table 10E. Schedule of Operations; Edible Dry Beans, 1998
COUNTY:Cochise
CROP:
Beans, Pinto
AREA:
Stewart
First
No.Month Times
FARM: Cochise County 98
ACRES:
1.0
YIELD:
18.8 CW / Acre
Operation
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
Jul
Jul
Jul
Jul
2.0
1.0
1.0
1.0
Disk
245 Dbl. Offset Disk, 16'
List
125 Lister, 7 Bottom
Mulch
125 Power Mulcher, 6 Rw
Apply Herbicide/Ground 100 Saddle Tk Sprayer, 2 Tk 8
5
Jul
1.0 Plant
125 Planter, Drill Type, 6 Row
6
7
8
Jul
Aug
Aug
5.0 Irrigate
1.0 Cultivate
2.0 Irrigate/Run Fertilizer
125 Cultivator, Sweep, 6 Rw
9
10
11
12
13
14
15
Aug
Oct
Oct
Oct
Oct
Oct
Nov
2.0
1.0
1.0
1.0
1.0
1.0
1.0
Apply Fungicide/Air
Dig
Windrow
Combine Harvest
Haul
Cleaning
Disk Residue
Pickup use 10 Mi/Ac
Page 49
WATER SOURCE:
Stewart, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
CST Air Spray, 10 Gal Mix
125 Bean Knife Rig - 3 Pt/8
125 Bean Rod/Windrower 10
Combine, Sm. Gr., PL20, 155
Truck, 5 Ton, Grain
CST Clean Dry Beans
125 Dbl. Offset Disk, 16'
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
3/8/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
3.00
2.00
2.00
6.00 Trifluralin
EPTC
4.00 Pinto Bean Sd
18-46-00, Dry
2.00 Water, Pump
4.00
2.00 Water, Pump
32-00-00, URAN 32,
Chlorothalonil
4.00
4.00
1.25
2.00
2.00
1.50
70.00
165.00
6.00
Tractor
Tractor
Tractor
Tractor
Pt 24.95 Ga
Pt 35.08 Ga
Lb 57.00 CW
Lb 275.00 Tn
AI 52.44 AF
6.00 AI 52.44 AF
10.00 Ga 173.00 Tn
2.00 Pt 41.37 Ga
Labor
Type
Tractor
Irrigators
Tractor
Irrigators
5.54 Ac
Tractor
Tractor
Harvest
Other
4.00 Tn
4.00
3.00
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 / 38