Table
7A. Income and Cash Operating Cost Summary, Pima (ELS) Cotton, 1996
COUNTY: Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
FARM: Graham County Farm
ACRES:
1.0
YIELD:
698.0 Lb/Acre
Item
Page
Unit
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
INCOME ->
Lint
Pound
698.00
CottonSeed
Ton
0.65
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Hand
Irrigation
Chemicals & Custom Applications
Fertilizers
Insecticides
Herbicides
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
Other Services & Rentals
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Chemicals & Custom Applications
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessments
Other Materials
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
Price
/Unit
Budgeted
/Acre
$0.9400
114.6000
$656.12
74.49
25
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/14/96
Total
/Acre
$730.61
121.30
54.97
35.52
30.81
113.38
49.88
46.80
16.71
59.99
30.15
29.84
21.01
19.75
1.26
**
23.64
17.64
6.00
339.33
19.25
8.50
10.75
12.77
12.77
64.74
12.50
52.24
2.14
61.59
8.33
1.32
__________
170.14
14.86
10.49
==========
$534.83
$195.78
Your Farm
Budget
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
============
____________
____________
Notes: The above figures do not include ownership costs, see Table 7B on Next Page for detailed cost allocation.
** A water assessment charge of $35.00/Acre is included in the ownership costs of Table 7B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/13
Table
7B. Allocation of Ownership Costs; Pima (ELS) Cotton, 1996
COUNTY: Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
FARM: Graham County Farm
ACRES:
1.0
YIELD:
698.0 Lb/Acre
Page
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
— CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.9400/Lb + 2nd Crop
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
26
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/14/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$730.61
|
534.82
$195.78
|
$195.78
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
11.40
|
11.40
Wells & Irrig. System
6.14
|
6.14
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
26.74
|
26.74
General Farm Maint. ( 3% of Tot. Oper. Exp.)
16.04
|
16.04
__________
|
________
Total Cash Overhead Expenses
60.32
|
60.32
|
Total Cash Oper. & Over. Cost
595.14
|
595.14
RETURNS OVER CASH OPER. & OVER. EXPENSES.
135.46
|
135.46
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
78.85
Wells & Irrig. System
|
10.97
Interest on Equity, Machinery & Vehicles
|
31.46
Wells & Irrig. System
|
4.17
|
_________
Total Capital Allocations
|
125.44
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ———————————————————————————>
135.46
|
RETURNS TO LAND, MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————>
10.01
_________
|
__________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($660 X 16% X .10016)
10.57
|
10.57
Opport. Inter. on Land (100% X 6.0% X $660)
|
39.60
Water Assessment **
35.00
|
35.00
—————
|
—————
Total Land Costs
45.57
|
85.17
RETURNS TO MANAGEMENT, CAPITAL & RISK —————————————————————————————————>
89.88
|
RETURNS TO MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————————>(
75.16)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
42.78
__________
|
_________
TOTAL OWNERSHIP COST
105.89
|
313.73
==========
|
=========
TOTAL COST
$640.72
|
$848.55
RETURN TO MANAGEMENT, CAPITAL & RISK ——————————————————————————————————>
$89.88
|
RETURN TO RISK (PROFITS) —————————————————————————————————————————————————————————————————————————————>(
$117.94)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$730.61
534.82
Lb)
$0.6595
$0.1517
$0.8112
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/13
$0.6595
$0.4494
$1.1089
Table
7C. Variable Operating Costs; Pima (ELS) Cotton, 1996
COUNTY: Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Mar
Apr
Apr
Apr
Apr
May
Jun
Jun
Jun
Jun
Jul
Jul
Aug
Sep
Sep
Sep
Sep
Nov
Nov
* NOTES:
FARM: Graham County Farm
ACRES:
1.0
YIELD:
698.0 Lb/Acre
Operation
Plow
Landplane
Laser Level
Apply Herbicide/Ground
Disk
List
Disk Ends
Buck Rows
Preirrigate
Preirrigate
Mulch
Plant
Remove Cap
Apply Fert/Ground
Cultivate
Hand Weeding
Irrigate
Irrigate
Cultivate
Hand Weeding
Apply Herbicide/Ground
Field Scouting
Apply Insecticide/Air
Irrigate
Irrigate
Prepare Ends
Apply Defoliant/ NOT FOUND
Cotton, First Pick
Cotton, Make Modules
Page
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
—— Hours * — |
———— Operating Costs ($/Acre*) ————
Machine Labor | Fuel/Rps. Labor Cust/Ser. Materials Total
0.900
0.273
0.300
0.225
0.225
0.225
0.030
0.030
0.300
0.180
0.150
0.450
0.300
0.225
1.000
0.300
0.333
0.250
0.250
0.250
0.033
0.033
1.000
1.500
0.333
0.333
0.200
0.167
0.500
3.333
0.269
0.403
0.333
2.000
0.250
0.045
0.403
0.606
0.050
0.900
0.375
1.000
0.417
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.54
2.74
2.83
2.26
2.77
2.35
0.36
0.26
21.01
3.51
1.54
1.81
4.50
4.67
3.00
2.26
8.41
2.52
2.80
2.10
2.10
2.10
0.28
0.28
7.01
10.51
2.80
2.80
1.68
1.40
4.20
22.20
1.89
2.82
2.80
13.32
2.10
3.95
17.64
49.88
12.76
6.00
6.00
7.00
0.40
2.82
4.25
0.42
34.88
5.00
7.01
3.51
9.60
12.77
1.13
18.95
5.26
5.63
8.31
4.87
4.45
0.64
0.54
7.01
31.52
6.31
20.44
3.22
53.09
8.70
22.20
1.89
7.49
5.80
13.32
17.12
6.00
15.60
2.82
11.25
0.82
12.77
41.89
9.64
27
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/14/96
Times
Tot. Cash
Expense
Class
1.0
0.7
0.3
1.0
1.0
1.0
9.0
7.0
0.7
0.3
2.0
1.0
1.0
1.0
2.0
1.0
6.3
2.7
3.0
1.0
1.0
1.0
3.0
0.7
0.3
1.0
1.0
1.0
1.0
18.95
3.69
1.69
8.31
4.87
4.45
5.75
3.79
4.91
9.46
12.62
20.44
3.22
53.09
17.41
22.20
11.91
20.22
17.41
13.32
17.12
6.00
46.80
1.97
3.38
0.82
12.77
41.89
9.64
L
L
L
G
L
L
G
G
G
G
L
L
G
G
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
See next page for notes.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/13
Table
7C. Variable Operating Costs; Pima (ELS) Cotton, 1996
COUNTY: Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
First
No. Month
30
31
32
33
34
35
36
37
Nov
Nov
Nov
Nov
Dec
Dec
Dec
Dec
FARM: Graham County Farm
ACRES:
1.0
YIELD:
698.0 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
Cotton, Second Pick
Cotton, Make Modules
Haul, Custom
0.1 Mu
Cotton Ginning
20.5 Cs
Cotton Classing
1.4 Ba
Crop Assessment
1.4 Ba
Cut Stalks
Disk Residue
Pickup Use 60 Mi/Ac
Operating Interest at 8.00%
0.600
0.265
0.225
0.300
2.000
0.667 |
0.294 |
|
|
|
|
0.250 |
0.333 |
23.25
3.54
4.67
2.47
0.20
61.59
2.14
8.33
2.33
3.59
14.85
2.10
2.80
10.65
TOTAL CASH OPERATING EXPENSES:
$160.61 $140.57
$106.71
$127.13
27.92
6.21
0.00
61.59
2.14
8.33
4.43
6.39
28
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/14/96
Times
0.8
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense
22.34
6.21
0.00
61.59
2.14
8.33
4.43
6.39
14.85
10.65
________
$535.02
Class
H
H
H
P
M
M
P
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 $35.00/Acre included as ownership cost in Table 7B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$73.09
Growing (G)
266.26
Harvest (H)
93.6
Post Harvest (P)
66.01
Marketing (M)
10.47
Operating Overhead (O)
25.50
—————
Total (T)
$535.01
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
——————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.70
$0.84
$0.94
$1.03
$1.17 Break-even
|—————————————————————————————————————————————————————————————
-25%
523.5
| -123.41
-49.59
-0.38
48.82
122.63
0.94
-10%
628.2
|
-75.11
13.45
72.50
131.55
220.13
0.82
Budgeted
698.0
|
-42.92
55.49
121.10
186.71
285.13
0.76
+10%
767.8
|
-10.73
97.52
169.70
241.87
350.13
0.71
+25%
872.5
|
37.56
160.58
242.59
324.61
447.63
0.66
Break-even Yield
|
791.06
605.85
524.05
461.71
391.80
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/13
Table
7D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1996
COUNTY: Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
Month *
Number
Irrig.
Water
Applied
(Inches)
FARM: Graham County Farm
ACRES:
1.0
YIELD:
698.0 Lb/Acre
JAN C
FEB C
0.3
5.4
MAR C
0.7
12.6
APR C
MAY C
JUN C
2.0
8.0
JUL C
3.0
12.0
AUG C
4.0
16.0
SEP C
1.0
6.0
NOV C
DEC C
Pickup Use 60 Mi/Ac
Operating Interest at 8.0%
Water Assessment
Total
%
11.0
|
|
|
Total
Labor (Hrs)
60.0
1.00
1.31
1.09
1.74
3.84
3.08
1.64
1.70
0.54
2.11
0.71
|
|
|
|
|
|
|
|
|
|
|
29
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/14/96
Operating Cost ($/Acre)
10.54
11.27
7.21
13.65
4.68
7.05
10.71
9.85
2.86
57.37
10.57
14.85
Labor
Chemicals
8.41
10.55
8.10
14.71
26.55
21.57
12.51
12.58
3.95
15.79
5.84
3.16
0.79
49.88
——————————————————————
Other
Purchases
Services
Total
10.65
18.95
24.98
16.10
95.88
31.23
28.61
41.99
53.63
35.18
123.75
39.19
14.85
10.65
106.71
19.94
535.00
100.00
17.64
12.77
19.20
22.37
1.32
6.00
12.00
6.00
49.27
22.79
**
18.81
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 100 PTO HP, MFWD
Drag Scraper, 10'
Saddle Tk Sprayer, 2 Tk 8 Row
Offset Disk, 13.5'
Planter, 4 Row
Cultivator, Sweep, 4 Rw
Tractor, 80 PTO HP, MFWD
Pickup Truck, 1/2 Ton
LABOR REQUIREMENTS(/Acre)
Tractor
Harvest
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
——————————————————————
Purchased
Fuel, Oil
Water
& Repairs
|
|
160.61
30.01
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
100.0 lbs
Total P
0.0 lbs
Total K
0.0 lbs
Total Labor
18.8 Hrs
Total Water
60.0 AI
MATERIALS REQUIREMENTS(/Acre)
Trifluralin
Pima Cotton Sd + Fung
Prometryn
Module Tarps
Page
140.55
26.27
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
39.0
Regular Gas
0.0
NonLead Gas
6.0
Electricity/Pumping
199.1
All Direct Energy
6.8
5.86
0.09
0.45
0.57
0.00
1.80
0.64
2.00
1.00
28.00
1.20
25.22
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Moldboard Plow, 3-16 2 Way
Laser Receiver, Mast System
Dbl. Offset Disk, 13'
Rowbuck, 10'
Section Harrow, 3 Section
Blade Scraper, 10'
Module Builder
Pt
Lb
Pt
CW
Water, District
20-00-00, Amm. Nitrate, Dry
Lambdacyhalothrin
7.55 Hrs
1.53 Hrs
Irrigators
108.17
20.22
18.96
3.54
Gal
Gal
Gal
KWH
M BTU
0.90
0.09
0.23
0.21
0.18
0.05
0.64
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
42.00 AI
500.00 Lb
15.00 Oz
4.40 Hrs
* NOTE:
P = Previous Year C = Current Year
N = Next Year
** A water assessment charge of $35.00/Acre included as ownership cost in Table
Landplane 12’X 45'
Laser Trailer
Lister, 5 Bottom
Power Mulcher, 4 Rw
Fert. Side Dress Unit, 4Row
Cotton Picker, 2 Row
Rotary Stalk Cutter, 4 Row
Water, Pump
Sodium Chlorate
0.19
0.09
0.23
0.60
0.15
1.38
0.23
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
18.00 AI
1.75 Qt
2.00 Ga
Hand Weeders
7B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/13
5.33 Hrs
Table
7E
Schedule of Operations; Pima (ELS) Cotton, 1996
COUNTY: Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
First
No. Month Times
Operation
FARM: Graham County Farm
ACRES:
1.0
YIELD:
698.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
Page
WATER SOURCE:
Both
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
30
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/14/96
—— Material Use & Cost ——
Service Cost
Name
Appl. Rate $/Unit
$/Unit
100 Moldboard Plow, 3-16 2
1.00
100 Landplane 12’X 45'
3.30
100 Drag Scraper, 10'
3.00
Laser Receiver, Mast Sy
Laser Trailer
Apply Herbicide/Groun100 Saddle Tk Sprayer, 2 Tk 4.00 Trifluralin
1.00 Pt 30.06 Ga
Disk
100 Dbl. Offset Disk, 13'
4.00
List
100 Lister, 5 Bottom
4.00
Disk Ends
100 Offset Disk, 13.5'
30.00
Buck Rows
100 Rowbuck, 10'
30.00
Preirrigate
1.00 Water, District
18.00 AI
0.00 AF
Preirrigate
0.67 Water, Pump
18.00 AI 14.00 AF
Mulch
100 Power Mulcher, 4 Rw
3.00
Plant
100 Planter, 4 Row
Pima Cotton Sd + F 28.00 Lb 60.00 CW
Remove Cap
100 Section Harrow, 3 Secti 5.00
Apply Fert/Ground
100 Fert. Side Dress Unit,
6.00 20-00-00, Amm. Nit 500.00 Lb 190.00 Tn
Cultivate
100 Cultivator, Sweep, 4 Rw 2.00
Hand Weeding
0.30
Irrigate
3.72 Water, District
4.00 AI
0.00 AF
Irrigate
2.48 Water, Pump
4.00 AI 14.00 AF
Cultivate
100 Cultivator, Sweep, 4 Rw 3.00
Hand Weeding
0.50
Apply Herbicide/Groun100 Saddle Tk Sprayer, 2 Tk 4.00
1.75 Qt 17.50 Ga
Prometryn
1.20 Pt 30.00 Ga
Field Scouting
CST Scout For Insects
Apply Insecticide/Air
CST Air Spray, 3 Gal Mi
Lambdacyhalothrin
5.00 Oz 234.04 Ga
Irrigate
2.48 Water, District
6.00 AI
0.00 AF
Irrigate
1.65 Water, Pump
6.00 AI 14.00 AF
Prepare Ends
100 Blade Scraper, 10'
20.00
Apply Defoliant/Air
CST
Sodium Chlorate
2.00 Ga
6.08 Ga
Cotton, First Pick
Cotton Picker, 2 Row
1.00
Cotton, Make Modules 80 Module Builder
2.40 Module Tarps
21.45 CW
0.05 CW
Cotton, Second Pick
Cotton Picker, 2 Row
1.50
Cotton, Make Modules 80 Module Builder
3.40 Module Tarps
3.77 CW
0.05 CW
Haul, Custom
CST Haul Cotton Modules
Cotton Ginning
CST Gin Upland Cotton
Cotton Classing
CST Class Cotton, HVI
Crop Assessment
CST Pima (High Elev)
Cut Stalks
100 Rotary Stalk Cutter, 4
4.00
Disk Residue
100 Offset Disk, 13.5'
3.00
Pickup Use 60 Mi/Ac
Pickup Truck, 1/2 Ton
0.50
Labor
Type
1
2
3
Jan
Feb
Feb
1.0 Plow
0.7 Landplane
0.3 Laser Level
Tractor
Tractor
Tractor
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Mar
Apr
Apr
Apr
Apr
May
Jun
Jun
Jun
Jun
Jul
1.0
1.0
1.0
9.0
7.0
0.7
0.3
2.0
1.0
1.0
1.0
2.0
1.0
6.3
2.7
3.0
1.0
1.0
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
Irrigator
Tractor
Tractor
Tractor
Tractor
Tractor
Hand Weed
Irrigator
Irrigator
Tractor
Hand Weed
Tractor
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
Jul
Aug
Sep
Sep
Sep
Sep
Nov
Nov
Nov
Nov
Nov
Nov
Dec
Dec
Dec
Dec
1.0
3.0
0.7
0.3
1.0
1.0
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
1.0
1.0
6.00 Ac
6.00 Ac
Irrigator
Irrigator
Tractor
0.00
Harvest
Tractor
Harvest
Tractor
0.00
3.00
1.50
5.85
Mu
Cs
Ba
Ba
Tractor
Tractor
* NOTE: Machine times, labor times, and material rates are for one time over the designated acreage.
** A water assessment charge of $35.00/Acre included as ownership cost in Table 7B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 9/13