Table 6A. Income and Cash Operating Summary; Corn, 1998
COUNTY: Graham
CROP:
Corn Grain
AREA:
Safford Valley
FARM: Graham County 98
ACRES:
1.0
YIELD:
8,000.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 25
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
8,000.00
Price/
Unit
$0.06
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Budgeted
/Acre
$488.00
Total
/Acre
Your Farm
Budget
$488.00
____________
40.24
____________
____________
____________
184.88
____________
____________
____________
____________
25.71
____________
____________
____________
44.49
____________
____________
____________
31.73
____________
____________
17.99
22.25
120.80
43.67
20.41
9.29
16.42
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
41.13
3.36
31.73
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------327.05
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
4.30
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
1.81
2.50
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
4.30
____________
____________
4.31
____________
____________
____________
105.50
-------------114.11
____________
12.62
9.80
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$463.58
$24.42
____________
===================
____________
____________
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 / 21
Table 6B. Allocations of Ownership Costs; Corn, 1998
COUNTY:Graham
CROP:
Corn Grain
AREA:
Safford Valley
FARM: Graham County 98
WATER SOURCE:
Surface/Pump
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
8,000.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 26
$0.06 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$488.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$488.00
$463.58
$463.58
$24.42
2.98
16.04
23.18
13.91
-------------56.11
$24.42
2.98
16.04
23.18
13.91
-------------56.11
519.69
519.69
($31.69)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($31.69)
17.09
30.21
8.85
10.95
-------------67.10
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($31.69)
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 ---------------------------------------->
($65.62)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------90.04
37.09
-------------230.22
=============
=============
TOTAL COST
$553.62
$693.80
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($65.62)
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
($98.79)
$0.06
$0.01
$0.07
($168.71)
($205.80)
$0.06
$0.03
$0.09
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 21
Table 6C. Variable Operating Costs; Corn, 1998
COUNTY:Graham
CROP:
Corn Grain
AREA:
Safford Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Jan
Jan
Feb
Mar
Mar
Mar
Mar
Apr
Apr
Apr
Apr
Apr
Apr
Jun
Jun
Jul
Jul
Aug
Sep
Sep
Sep
Sep
Sep
Oct
Page 27
FARM: Graham County 98
ACRES:
1.0
YIELD:
8,000.0 Lb / Acre
---- Hours * ---Machine Labor
Plow
Disk
Landplane
Apply Herb. & Incorporate
Apply Fert/Ground
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
Remove Cap
Apply Fert/Ground
Irrigate
Cultivate
Irrigate/Run Fertilizer
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Field Transport
Haul, Custom 80 CW
Elevator Handling 80 CW
Drying 80 CW
Disk Residue 80 CW
Pickup Use50 Mi/Acre
Operating Interest at 10.0
0.360
0.129
0.225
0.129
0.075
0.180
0.023
0.023
0.150
0.180
0.090
0.129
0.112
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.400
0.143
0.250
0.143
0.083
0.200
0.025
0.704
0.025
0.167
0.200
0.100
0.143
0.333
0.125
0.279
6.00
1.91
1.91
2.15
0.72
2.36
0.21
9.27
0.34
1.36
2.52
0.82
1.85
4.63
1.22
3.71
3.28
1.17
2.05
1.17
0.68
1.64
0.20
4.80
0.20
1.37
1.64
0.82
1.17
2.27
1.02
1.90
20.41
29.96
40.07
70.65
4.23
0.023
0.025
0.34
0.20
0.450
0.500
3.98
4.09
57.50
20.00
16.00
12.00
0.129
1.667
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
0.143
1.91
12.62
1.17
10.09
13.44
Tot. Cash
Expenses
Times
9.28
3.09
3.96
23.72
31.36
4.00
0.41
14.07
0.54
2.73
44.23
1.64
73.67
6.91
2.24
15.70
17.67
0.54
57.50
8.07
20.00
16.00
12.00
3.09
1.0
1.0
1.0
1.0
1.0
1.0
3.0
1.0
1.0
1.0
1.0
1.0
1.0
6.0
1.0
2.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
9.28
3.09
3.96
23.72
31.36
4.00
1.24
14.07
0.54
2.73
44.23
1.64
73.67
41.44
2.24
31.41
35.34
0.54
57.50
8.07
20.00
16.00
12.00
3.09
12.62
9.80
9.80
Class
L
L
L
G
G
L
G
G
G
L
L
G
G
G
G
G
G
H
H
H
H
M
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
463.58
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
$25.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
70.37
Growing (G)
256.68
Harvest (H)
86.11
Post Harvest (P)
12.00
Marketing (M)
16.00
Operating Overhead (O)
22.42
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.05
$0.05
$0.06
$0.07
$0.08 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
6,000.0
7,200.0
8,000.0
8,800.0
-160.07
-122.28
-97.09
-71.90
-105.17
-56.40
-23.89
8.62
-68.57
-12.48
24.91
62.30
-31.97
31.44
73.71
115.98
22.93
97.32
146.91
196.50
11,083.6 8,587.97
7,467.07
6,604.99
5,630.01
0.07
0.06
0.06
0.05
$463.58
Break-even Yield
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 21
Table 6D. Resource and Cash Flow Requirements; Corn, 1998
COUNTY:Graham
CROP:
Corn Grain
AREA:
Safford Valley
Month *
Number
Irrigations
JAN C
FEB C
MAR C
APR C
0.7
MAY C
0.3
JUN C
2.0
JUL C
3.0
AUG C
2.0
SEP C
1.0
OCT C
Pickup Use50 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
9.0
FARM: Graham County 98
ACRES:
1.0
YIELD:
8,000.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
7.0
3.0
10.0
14.0
9.0
5.0
Page 28
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.40
0.39
0.45
0.71
0.66
0.79
0.95
0.66
0.83
0.14
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
6.00
3.83
5.43
8.77
7.61
12.61
15.09
8.89
8.61
1.91
12.62
3.28
3.22
3.69
5.13
5.08
5.57
6.45
4.59
6.37
1.17
50.37
23.70
55.29
9.80
9.28
7.05
59.50
47.11
90.19
18.18
66.97
23.57
100.48
3.09
12.62
9.80
119.53
25.78
463.58
100.00
9.52
22.21
36.97
10.09
8.46
85.50
**
48.0
5.98
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
340.5
Total P
104.0
Total K
0.0
Total Labor
6.0
Total Water
48.0
91.36
19.71
44.54
9.61
176.42
38.06
31.73
6.84
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
14.6 Gal
Unleaded Gas
5.0 Gal
Electric / Pumping
531.0 KWH
All Direct Energy
4.5 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Dbl. Offset Disk, 14'
0.13 Hr
Grain Cart, 400 BU
0.45 Hr
Moldboard Plow, 4-16 2
0.36 Hr
Planter, Drill Type, 6 Row
0.18 Hr
Saddle Tk Sprayer, 2 Tk 8
0.13 Hr
Tractor, 100 PTO HP,
0.85 Hr
Fertilizer Broadcaster,
Landplane 12'X 45'
Offset Disk, 13.5'
Rolling Cultivator, 6 Rw
Section Harrow, 3 Section
Tractor, 125 PTO HP
MATERIALS REQUIREMENT ( per Acre)
11-52-00, Dry
200.00 Lb
Chlorpyrifos
4.00 Pt
Phorate
5.00 Lb
32-00-00, URAN 32, Lqd
Cyanazine
Water, Pump
LABOR REQUIREMENT ( per Acre)
Irrigators
3.26 Hr
Tractor
0.08
0.22
0.30
0.11
0.24
0.61
Hr
Hr
Hr
Hr
Hr
Hr
90.00 Ga
1.00 Qt
48.00 AI
Fertilizer Injector, 6 Row
Lister, 5 Bottom
Pickup Truck, 1/2 Ton
Rowbuck, 10'
Tractor, 100 PTO HP
Tractor, 150 PTO HP
Butylate
Field Corn Sd
0.13
0.18
1.67
0.07
0.62
0.36
Hr
Hr
Hr
Hr
Hr
Hr
5.00 Pt
32.00 Th
2.72 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 / 21
Table 6E. Schedule of Operations; Corn, 1998
COUNTY:Graham
CROP:
Corn Grain
AREA:
Safford Valley
First
No.MonthTimes
FARM: Graham County 98
ACRES:
1.0
YIELD:
8,000.0 Lb / Acre
Operation
Page 29
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
Jan
Jan
Feb
Mar
1.0
1.0
1.0
1.0
Plow
Disk
Landplane
Apply Herb. &
150 Moldboard Plow, 4-16 2
125 Offset Disk, 13.5'
100 Landplane 12'X 45'
125 Dbl. Offset Disk, 14'
Saddle Tk Sprayer, 2 Tk 8 Row
100 Fertilizer Broadcaster,
125 Lister, 5 Bottom
100 Rowbuck, 10'
5
6
7
8
9
10
11
Mar
Mar
Mar
Apr
Apr
Apr
Apr
1.0
1.0
3.0
1.0
1.0
1.0
1.0
Apply Fert/Ground
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
12
13
14
15
16
Apr
Apr
Jun
Jun
Jul
1.0
1.0
6.0
1.0
2.0
Remove Cap
Apply Fert/Ground
Irrigate
Cultivate
Irrigate/Run Fertilizer
100 Section Harrow, 3 Section
100 Fertilizer Injector, 6 Row
17
18
19
20
21
22
23
24
Jul
Aug
Sep
Sep
Sep
Sep
Sep
Oct
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Field Transport
Haul, Custom
Elevator Handling
Drying
Disk Residue
Pickup use 50 Mi/Ac
CST Air Spray, 3 Gal Mix
125 Offset Disk, 13.5'
CST Combine Corn
100 Grain Cart, 400 BU
CST Haul Grain
CST Elevator Handling
CST Dry Corn
125 Offset Disk, 13.5'
Pickup Truck, 1/2 Ton
125 Offset Disk, 13.5'
100 Section Harrow, 3 Section
100 Planter, Drill Type, 6 Row
100 Rolling Cultivator, 6 Rw
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
4.00
7.00 Butylate
Cyanazine
12.00 11-52-00, Dry
5.00
40.00
1.42 Water, Pump
40.00
6.00
5.00 Field Corn Sd
Phorate
10.00
7.00 32-00-00, URAN 32,
3.00 Water, Pump
8.00
3.58 Water, Pump
32-00-00, URAN 32,
Chlorpyrifos
40.00
Tractor
Tractor
Tractor
Tractor
5.00 Pt 18.75 Ga
1.00 Qt 30.50 Ga
200.00 Lb 284.00 Tn
10.00 AI
11.12 AF
32.00 Th
5.00 Lb
0.94 Th
1.58 Lb
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Irrigators
70.00 Ga 173.00 Tn
5.00 AI 11.12 AF
4.00 AI 11.12 AF
10.00 Ga 173.00 Tn
2.00 Pt 50.95 Ga
Labor
Type
4.23 Ac
Tractor
37.50 Ac
2.00
Tractor
0.25 C
0.20 C
0.15 C
7.00
0.60
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 8 / 21