Table
9A. Income and Cash Operating Cost Summary, Wheat (Double Crop), 1996
COUNTY: Graham
CROP:
Wheat, Winter
AREA:
Safford Valley
FARM: Graham County Farm
ACRES:
1.0
YIELD:
6,000.0 Lb/Acre
Item
INCOME ->
Grain
Page
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Unit
Quantity
Price
/Unit
Pound
6,000.00
$0.0581
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Other/Contract
Chemicals & Custom Applications
Fertilizers
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation (excluding labor)
Pump Energy - Elect.
Repairs & Maint.
Water Assessment (See Note Below) **
Other Purchased Inputs & Services
Seed/Transplants
Budgeted
/Acre
$348.60
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/16/96
Total
/Acre
Your Farm
Budget
$348.60
____________
37.70
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
8.68
26.46
2.57
61.47
61.47
14.38
6.65
7.73
16.81
15.80
1.01
**
22.05
____________
____________
____________
_________
152.41
____________
22.05
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
36
0.42
53.50
_________
54.46
____________
____________
____________
____________
____________
____________
____________
____________
7.43
4.01
=========
$218.32
$130.28
____________
____________
============
____________
____________
0.42
0.54
0.24
0.30
Notes: The above figures do not include ownership costs, see Table 9B on Next Page for detailed cost allocation.
** A water assessment charge of $17.50/Acre is included in the ownership costs of Table 9B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/17
Table
9B. Allocation of Ownership Costs; Wheat (Double Crop), 1996
COUNTY: Graham
CROP:
Wheat, Winter
AREA:
Safford Valley
FARM: Graham County Farm
ACRES:
1.0
YIELD:
6,000.0 Lb/Acre
Page
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
— CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.0581/Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/16/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$348.60
|
218.31
$130.28
|
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
1.73
|
1.73
Wells & Irrig. System
4.92
|
4.92
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
10.91
|
10.91
General Farm Maint. ( 3% of Tot. Oper. Exp.)
6.55
|
6.55
_________
|
________
Total Cash Overhead Expenses
24.11
|
24.11
|
Total Cash Oper. & Over. Cost
242.43
|
242.43
RETURNS OVER CASH OPER. & OVER. EXPENSES.
106.16
|
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
9.69
Wells & Irrig. System
|
8.77
Interest on Equity, Machinery & Vehicles
|
5.21
Wells & Irrig. System
|
3.34
|
________
Total Capital Allocations
|
27.01
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ———————————————————————————>
106.16
|
RETURNS TO LAND, MANAGEMENT & RISK ——————————————————————————————————————————————————————————————————>
_________
|
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($660 X 16% X .10016)
5.28
|
5.28
Opport. Inter. on Land (100% X 6.0% X $660)
|
19.80
Water Assessment **
17.50
|
17.50
—————
|
—————
Total Land Costs
22.78
|
42.58
RETURNS TO MANAGEMENT, CAPITAL & RISK —————————————————————————————————>
83.38
|
RETURNS TO MANAGEMENT & RISK ————————————————————————————————————————————————————————————————————————>
|
Management Services ( 8% of Tot. Oper. Exp.)
|
17.46
_________
|
________
TOTAL OWNERSHIP COST
46.90
|
111.18
=========
|
========
TOTAL COST
$265.21
|
$329.49
RETURN TO MANAGEMENT, CAPITAL & RISK ——————————————————————————————————>
$83.38
|
RETURN TO RISK (PROFITS) ————————————————————————————————————————————————————————————————————————————>
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
37
$348.60
218.31
Lb)
$0.0363
$0.0078
$0.0442
|
|
|
$130.28
106.16
79.15
_________
36.56
$19.10
$0.0363
$0.0185
$0.0549
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/17
Table
9C. Variable Operating Costs; Wheat (Double Crop), 1996
COUNTY: Graham
CROP:
Wheat, Winter
AREA:
Safford Valley
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Mar
Mar
Jun
Jun
Jun
Jul
FARM: Graham County Farm
ACRES:
1.0
YIELD:
6,000.0 Lb/Acre
Page
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
—— Hours * — |
———— Operating Costs ($/Acre*) ————
Machine Labor | Fuel/Rps. Labor Cust/Ser. Materials Total
Operation
Disk
Landplane
Plant
Disk Ends
Buck Rows
Irrigate
Irrigate
Irrigate/Run Fertilizer
Irrigate/Run Fertilizer
Prepare Ends
Combine Harvest
Haul, Custom
60.0 CW
Disk Residue
Pickup Use 30 Mi/Ac
Operating Interest at 8.00%
0.300
0.273
0.300
0.030
0.030
0.045
0.300
1.000
0.333
0.300
0.666
0.033
0.066
0.403
0.606
0.538
0.806
0.050
|
|
|
|
|
|
|
|
|
|
|
|
0.333 |
3.59
2.74
3.83
0.36
0.26
7.00
9.34
0.54
2.80
2.52
5.13
0.28
0.51
2.82
4.25
3.77
5.65
0.42
61.43
22.10
22.10
38.50
15.00
3.59
7.43
2.33
4.37
TOTAL CASH OPERATING EXPENSES:
$39.15
$38.10
$57.87
$83.53
6.39
5.26
70.39
0.64
0.77
2.82
11.25
25.87
37.09
0.96
38.50
15.00
5.92
38
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/16/96
Times
1.0
1.0
1.0
1.0
1.0
4.0
2.0
0.7
0.3
1.0
1.0
1.0
1.0
Tot. Cash
Expense
6.39
5.26
70.39
0.64
0.77
11.28
22.50
18.11
11.13
0.96
38.50
15.00
5.92
7.43
4.37
________
$218.65
Class
L
L
L
G
G
G
G
G
G
H
H
H
L
O
O
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 $17.50/Acre included as ownership cost in Table 9B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$87.96
Growing (G)
64.42
Harvest (H)
54.45
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
11.80
—————
Total (T)
$218.65
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
——————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.04
$0.05
$0.05
$0.06
$0.07 Break-even
|—————————————————————————————————————————————————————————————
-25%
4,500.0
|
-8.95
30.26
56.41
82.55
121.77
0.04
-10%
5,400.0
|
22.09
69.15
100.53
131.90
178.96
0.03
Budgeted 6,000.0
|
42.79
95.08
129.94
164.80
217.09
0.03
+10%
6,600.0
|
63.49
121.01
159.35
197.70
255.22
0.03
+25%
7,500.0
|
94.54
159.90
203.48
247.05
312.41
0.03
Break-even Yield
| 4,759.49 3,799.63 3,349.32 2,994.43 2,583.78
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/17
Table
9D. Resource and Cash Flow Requirements; Wheat (Double Crop), 1996
COUNTY: Graham
CROP:
Wheat, Winter
AREA:
Safford Valley
Month *
Number
Irrig.
Water
Applied
(Inches)
FARM: Graham County Farm
ACRES:
1.0
YIELD:
6,000.0 Lb/Acre
DEC P
1.0
6.0
JAN C
1.0
6.0
MAR C
2.0
14.0
APR C
2.0
12.0
MAY C
1.0
6.0
JUN C
JUL C
Pickup Use 30 Mi/Ac
Operating Interest at 8.0%
Water Assessment
1.18
1.18
1.08
0.92
0.46
0.05
0.33
Total
%
5.22
7.0
|
|
|
Total
Labor (Hrs)
44.0
8.19
8.19
4.90
4.20
2.10
0.54
3.59
7.43
MATERIALS REQUIREMENTS(/Acre)
Milling Wheat Sd, Cert
Water, Pump
LABOR REQUIREMENTS(/Acre)
Tractor
39
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/16/96
Operating Cost ($/Acre)
Labor
Chemicals
9.02
9.02
7.59
6.50
3.25
0.42
2.33
———————————————————————
Other
Purchases
Services
Total
19.69
19.69
22.10
11.03
11.03
4.38
47.92
47.92
34.59
10.70
5.35
30.46
8.93
7.43
4.38
36.88
18.65
197.69
100.00
29.50
3.00
**
|
|
39.15
19.80
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
148.0 lbs
Total P
60.0 lbs
Total K
0.0 lbs
Total Labor
5.2 Hrs
Total Water
44.0 AI
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 100 PTO HP, MFWD
Grain Drill 12' W/Fert Box
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
———————————————————————
Purchased
Fuel, Oil
Water
& Repairs
|
|
|
|
|
|
|
Page
38.12
19.28
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
6.3
Regular Gas
0.0
NonLead Gas
3.0
Electricity/Pumping
159.2
All Direct Energy
1.7
1.28 Hrs
0.30 Hrs
175.00 Lb
14.40 AI
1.08 Hrs
Offset Disk, 13.5'
Rowbuck, 10'
16-20-00, Dry
82-00-00, Anhyd. Ammmonia
Other
61.48
31.10
22.05
11.15
Gal
Gal
Gal
KWH
M BTU
0.68 Hrs
0.03 Hrs
300.00 Lb
122.00 Lb
0.37 Hrs
* NOTE:
P = Previous Year C = Current Year
N = Next Year
** A water assessment charge of $17.50/Acre included as ownership cost in Table
Landplane 12’X 45'
Pickup Truck, 1/2 Ton
Water, District
0.27 Hrs
1.00 Hrs
29.60 AI
Irrigators
9B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/17
3.78 Hrs
Table
9E
Schedule of Operations; Wheat (Double Crop), 1996
COUNTY: Graham
CROP:
Wheat, Winter
AREA:
Safford Valley
First
No. Month Times
FARM: Graham County Farm
ACRES:
1.0
YIELD:
6,000.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
Operation
1
2
3
Dec
Dec
Dec
1.0 Disk
1.0 Landplane
1.0 Plant
100 Offset Disk, 13.5'
100 Landplane 12’X 45'
100 Grain Drill 12' W/Fert
4
5
Dec
Dec
1.0 Disk Ends
1.0 Buck Rows
100 Offset Disk, 13.5'
100 Rowbuck, 10'
6
7
8
Dec
Dec
Mar
4.0 Irrigate
2.0 Irrigate
0.7 Irrigate/Run Fertiliz
9
Mar
0.3 Irrigate/Run Fertiliz
10
11
12
13
Jun
Jun
Jun
Jul
1.0
1.0
1.0
1.0
Prepare Ends
100 Offset Disk, 13.5'
Combine Harvest
CST Combine Wheat
Haul, Custom
CST Haul Grain
Disk Residue
100 Offset Disk, 13.5'
Pickup Use 30 Mi/Ac
Pickup Truck, 1/2 Ton
Page
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/16/96
—— Material Use & Cost ——
Service Cost
Name
Appl. Rate
$/Unit
$/Unit
3.00
3.30
3.00 Milling Wheat Sd,
16-20-00, Dry
30.00
30.00
175.00 Lb
300.00 Lb
2.48 Water, District
6.00
1.65 Water, Pump
6.00
1.86 Water, District
8.00
82-00-00, Anhyd. A 122.00
1.24 Water, Pump
8.00
82-00-00, Anhyd. A 122.00
20.00
AI
AI
AI
Lb
AI
Lb
40
Tractor
Tractor
Tractor
Other
Tractor
Tractor
Other
Irrigator
Irrigator
Irrigator
12.00 CW
250.00 Tn
0.00
14.00
0.00
345.00
14.00
345.00
Labor
Type
AF
AF
AF
Tn
AF
Tn
Irrigator
Tractor
17.50 Ac
0.25 CW
3.00
1.00
Irrigator
* NOTE: Machine times, labor times, and material rates are for one time over the designated acreage.
** A water assessment charge of $17.50/Acre included as ownership cost in Table 9B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/17