Table 4A. Income and Cash Operating Summary; Alfalfa Hay, 1998
COUNTY: Graham
CROP:
Alfalfa Hay
AREA:
Safford Valley
FARM: Graham County 98
ACRES:
1.0
YIELD:
6.3 Tn / Acre
Item
INCOME ⇒
Unit
Hay
Ton
Page 15
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Quantity
6.30
Price/
Unit
$96.70
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Budgeted
/Acre
$609.21
Your Farm
Budget
$609.21
____________
45.96
____________
____________
____________
7.76
____________
____________
1.50
____________
____________
____________
23.36
____________
____________
____________
1.64
44.32
Chemicals and Custom Applications
Insecticide
7.76
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.68
0.82
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
Water Assessment (See Note Below) **
Total
/Acre
21.59
1.77
-------------78.57
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
32.63
____________
____________
____________
121.67
____________
____________
____________
____________
15.56
17.07
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
13.68
107.99
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
22.46
-------------176.76
10.09
20.37
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$285.79
$323.42
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $25.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 2
Table 4B. Allocations of Ownership Costs; Alfalfa Hay, 1998
COUNTY:Graham
CROP:
Alfalfa Hay
AREA:
Safford Valley
Item
TOTAL INCOME at
Page 16
FARM: Graham County 98
WATER SOURCE:
Surface/Pump
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
6.3 Tn / Acre PREVIOUS CROP:
Cotton, Upland
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$609.21
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$285.79
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$609.21
$285.79
$323.42
10.42
8.42
14.29
8.57
-------------41.70
$323.42
10.42
8.42
14.29
8.57
-------------41.70
327.49
327.49
$281.72
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
Stand Establishment (3 year crop)
$281.72
69.38
15.86
5.93
5.75
98.47
-------------195.40
98.47
-------------Total Capital Allocations
98.47
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$183.25
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($600.00 X 16.0% X 0.093)
Opportunity Interest on Land (100% X 6.0 X $600.00)
Water Assessment
8.93
8.93
36.00
25.00
-------------69.93
25.00
-------------Total Land Costs
33.93
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$149.32
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
$86.32
-------------174.11
22.86
-------------329.89
=============
=============
$16.39
TOTAL COST
$459.89
$615.68
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$149.32
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
($6.47)
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$45.36
$52.36
$97.73
$45.36
$27.64
$73.00
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 2
Table 4C. Variable Operating Costs; Alfalfa Hay, 1998
COUNTY:Graham
CROP:
Alfalfa Hay
AREA:
Safford Valley
No.
First
Month Operation
1
2
3
4
5
6
7
Feb
Feb
Mar
May
Jul
May
Apr
FARM: Graham County 98
ACRES:
1.0
YIELD:
6.3 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Irrigate
Apply Insect./Ground
Swathing
Raking
Baling
Roadsiding
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.180
0.225
0.180
0.225
0.150
1.333
Page 17
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.403
0.606
0.200
0.250
0.200
0.250
0.167
2.75
4.14
1.64
1.71
1.64
2.05
1.14
5.56
1.50
3.33
1.49
3.32
13.13
10.09
7.76
3.74
Tot. Cash
Expenses
Times
2.75
9.70
10.89
5.04
3.13
9.11
14.27
9.8
4.2
1.0
6.0
2.0
6.0
6.0
26.95
40.73
10.89
30.23
6.26
54.67
85.59
10.09
20.37
20.37
Class
G
G
G
H
H
H
H
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
285.79
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
$25.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
0.00
Growing (G)
78.57
Harvest (H)
176.76
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
30.46
=============
Total (T)
$285.79
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
4.7
5.7
6.3
6.9
7.9
107.62
149.65
177.66
205.68
247.70
176.16
231.89
269.04
306.20
361.93
221.85
286.72
329.96
373.21
438.08
267.54
341.55
390.88
440.22
514.23
336.08
423.79
482.27
540.74
628.45
2.30
1.74
1.49
1.31
1.10
49.75
46.13
44.32
42.85
41.07
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 2
Table 4D. Resource and Cash Flow Requirements; Alfalfa Hay, 1998
COUNTY:Graham
CROP:
Alfalfa Hay
AREA:
Safford Valley
Month *
Number
Irrigations
FEB C
1.0
MAR C
1.0
APR C
1.0
MAY C
2.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
2.0
OCT C
1.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
14.0
FARM: Graham County 98
ACRES:
1.0
YIELD:
6.3 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
6.0
6.0
6.0
12.0
12.0
12.0
12.0
12.0
6.0
Page 18
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.46
0.66
0.46
1.59
1.59
1.79
1.79
1.59
1.13
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
1.67
3.16
1.67
23.12
23.12
24.61
24.61
23.12
21.45
10.09
3.17
4.80
3.17
11.22
11.22
12.86
12.86
11.22
8.06
20.37
4.83
15.73
4.83
38.08
38.08
41.21
41.21
38.08
33.25
10.09
20.37
20.37
7.13
285.79
100.00
7.76
3.74
3.74
3.74
3.74
3.74
3.74
**
84.0
11.10
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
0.0
Total P
0.0
Total K
0.0
Total Labor
11.1
Total Water
84.0
156.62
54.80
78.59
27.50
7.76
2.72
22.46
7.86
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
18.8 Gal
Unleaded Gas
4.0
Gal
Electric / Pumping
278.8 KWH
All Direct Energy
4.1 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.90 Hr
Rake, 9.5' LH
0.36 Hr
Windrower, 14.0', HS, SC
1.35 Hr
Baler, 2 Wire Auto PTO
Saddle Tk Sprayer, 2 Tk 8
1.35 Hr
0.18 Hr
Pickup Truck, 1/2 Ton
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
Baling Twine (6500')
3.24 TF
Water, Pump
25.20 AI
Malathion
2.00 Pt
Water, District
Irrigators
6.49 Hr
Tractor
LABOR REQUIREMENT ( per Acre)
Harvest
2.50 Hr
1.33 Hr
1.89 Hr
58.80 AI
2.10 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$25.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 2
Table 4E. Schedule of Operations; Alfalfa Hay, 1998
COUNTY:Graham
CROP:
Alfalfa Hay
AREA:
Safford Valley
First
No.Month Times
1
2
3
4
5
6
7
Feb
Feb
Mar
May
Jul
May
Apr
9.8
4.2
1.0
6.0
2.0
6.0
6.0
FARM: Graham County 98
ACRES:
1.0
YIELD:
6.3 Tn / Acre
Operation
Irrigate
Irrigate
Apply Insect./Ground
Swathing
Raking
Baling
Roadsiding
Pickup use 40 Mi/Ac
Page 19
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
100 Saddle Tk Sprayer, 2 Tk 8
Windrower, 14.0', HS, SC
100 Rake, 9.5' LH
100 Baler, 2 Wire Auto PTO
Bale Wagon, SP PRC
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
2.48
1.65
5.00
4.00
5.00
4.00
6.00
0.75
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
Water, District
Water, Pump
Malathion
6.00 AI
6.00 AI
2.00 Pt
0.00 AF
11.12 AF
29.42 Ga
Baling Twine (6500')
0.54 TF
6.57 TF
Labor
Type
Irrigators
Irrigators
Tractor
Harvest
Tractor
Tractor
Harvest
*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 8 / 2