Table 7A. Income and Cash Operating Summary; Grain Sorghum (Dbl. Crop), 1998
COUNTY: Graham
CROP:
Sorghum(Milo), Grain
AREA:
Safford Valley
FARM: Graham County 98
ACRES:
1.0
YIELD:
3,200.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 30
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Quantity
3,200.00
Price/
Unit
$0.11
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/4/99
Budgeted
/Acre
$352.00
25.08
10.04
8.16
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
13.05
19.55
Other Purchased Inputs &
Seed/Transplants
Your Farm
Budget
$352.00
____________
52.24
____________
____________
____________
43.29
____________
____________
____________
____________
32.60
____________
____________
____________
12.24
____________
____________
____________
10.02
____________
____________
30.13
22.12
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
Water Assessment (See Note Below) **
Total
/Acre
11.31
0.92
10.02
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------150.38
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
2.73
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
1.53
3.64
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
2.73
____________
____________
5.17
____________
____________
____________
59.10
-------------67.00
____________
10.09
8.45
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$235.93
$116.07
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $12.50 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 / 77
Table 7B. Allocations of Ownership Costs; Grain Sorghum (Dbl. Crop), 1998
Page 31
COUNTY:Graham
FARM: Graham County 98
WATER SOURCE:
Surface/Pump
CROP:
Sorghum(Milo), Grain ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
AREA:
Safford Valley
YIELD:
3,200.0 Lb / Acre PREVIOUS CROP:
Watermelons
Item
TOTAL INCOME at
$0.11 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
$235.93
$235.93
$116.07
4.09
4.41
11.80
7.08
-------------27.37
$116.07
4.09
4.41
11.80
7.08
-------------27.37
263.30
263.30
$88.70
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
$88.70
22.98
8.31
9.78
3.01
-------------44.08
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$88.70
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
4.46
4.46
18.00
12.50
-------------34.96
12.50
-------------Total Land Costs
16.96
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$71.73
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------44.34
18.87
-------------125.29
=============
=============
TOTAL COST
$280.27
$361.22
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$71.73
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
$44.62
$0.07
$0.01
$0.09
$9.66
($9.22)
$0.07
$0.04
$0.11
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 77
Table 7C. Variable Operating Costs; Grain Sorghum (Dbl. Crop), 1998
COUNTY:Graham
FARM: Graham County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Safford Valley
YIELD:
3,200.0 Lb / Acre
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Aug
Aug
Aug
Sep
Nov
Nov
Dec
---- Hours * ---Machine Labor
Disk
List
Disk Ends
Buck Rows
Preirrigate
Preirrigate
Mulch
Plant
Remove Cap
Cultivate
Apply Fert/Ground
Irrigate
Irrigate
Apply Herbicide/Ground
Cultivate
Irrigate
Irrigate
Apply Insecticide/Air
Combine Harvest
Haul, Custom 36 CW
Cut Stalks 36 CW
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.300
0.225
0.030
0.030
0.300
0.300
0.180
0.450
0.300
Page 32
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.333
0.250
0.033
0.033
0.667
1.000
0.333
0.333
0.200
0.500
0.333
0.538
0.806
4.47
1.92
0.45
0.22
11.12
3.01
3.83
1.27
3.71
3.29
7.42
2.73
2.05
0.27
0.27
4.55
6.82
2.73
2.73
1.64
4.09
2.73
3.67
5.50
10.02
25.08
4.23
0.300
0.333
0.403
0.606
2.47
5.56
3.93
2.73
2.75
4.14
10.04
50.10
9.00
0.300
1.333
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/4/99
0.333
5.17
10.09
2.73
Tot. Cash
Expenses
Times
7.19
3.97
0.72
0.49
4.55
17.95
5.74
16.58
2.91
7.80
31.10
3.67
12.92
8.16
5.20
2.75
9.70
10.04
50.10
9.00
7.90
1.0
1.0
4.0
3.0
0.7
0.3
1.0
1.0
1.0
2.0
1.0
0.7
0.3
1.0
2.0
2.8
1.2
1.0
1.0
1.0
1.0
7.19
3.97
2.87
1.47
3.19
5.38
5.74
16.58
2.91
15.61
31.10
2.57
3.87
8.16
10.40
7.70
11.64
10.04
50.10
9.00
7.90
10.09
8.45
8.45
Class
L
L
G
G
G
G
L
L
G
G
G
G
G
G
G
G
G
G
H
H
P
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
235.93
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 $12.50 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
33.48
Growing (G)
116.90
Harvest (H)
59.10
Post Harvest (P)
7.90
Marketing (M)
0.00
Operating Overhead (O)
18.55
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.08
$0.10
$0.11
$0.12
$0.14 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
2,400.0
2,880.0
3,200.0
3,520.0
-21.18
8.37
28.07
47.77
18.42
55.89
80.87
105.85
44.82
87.57
116.07
144.57
71.22
119.25
151.27
183.29
110.82
166.77
204.07
241.37
2,744.07 2,164.05
1,896.77
1,688.26
1,449.27
0.09
0.08
0.07
0.07
$235.93
Break-even Yield
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 77
Table 7D. Resource and Cash Flow Requirements; Grain Sorghum (Dbl. Crop), 1998
COUNTY:Graham
FARM: Graham County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Safford Valley
YIELD:
3,200.0 Lb / Acre
Month *
Number
Irrigations
JUN C
1.0
JUL C
1.0
AUG C
2.0
SEP C
2.0
OCT C
NOV C
DEC C
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
6.0
Water
Applied
(inches)
Total
Labor (Hrs)
12.0
8.0
12.0
12.0
Page 33
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
1.45
2.88
1.63
0.93
0.03
10.84
21.71
8.50
3.34
0.45
10.82
22.77
12.06
6.33
0.27
0.33
5.17
10.09
2.73
29.01
10.02
8.45
21.66
87.74
20.56
19.71
0.72
46.50
7.90
10.09
8.45
71.78
30.42
235.93
100.00
4.23
10.04
59.10
**
44.0
7.25
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
123.0
Total P
0.0
Total K
0.0
Total Labor
7.3
Total Water
44.0
60.10
25.47
54.97
23.30
39.06
16.56
10.02
4.25
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
19.1 Gal
Unleaded Gas
4.0 Gal
Electric / Pumping
146.0 KWH
All Direct Energy
3.7 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Cultivator, Sweep, 4 Rw
1.50 Hr
Offset Disk, 13.5'
0.72 Hr
Power Mulcher, 4 Rw
0.30 Hr
Section Harrow, 3 Section
0.18 Hr
Fertilizer Injector, 4 Row
Pickup Truck, 1/2 Ton
Rotary Stalk Cutter, 4 Row
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
82-00-00, Anhyd.
150.00 Lb
Grain Sorghum Sd
10.00 Lb
Atrazine
Water, District
LABOR REQUIREMENT ( per Acre)
Irrigators
3.24 Hr
Tractor
0.30
1.33
0.30
2.89
Hr
Hr
Hr
Hr
1.25 Lb
30.80 AI
Lister, 5 Bottom
Planter, Drill Type, 4 Row
Rowbuck, 10'
Tractor, 125 PTO HP
Carbaryl
Water, Pump
0.22
0.30
0.09
0.72
Hr
Hr
Hr
Hr
2.00 Lb
13.20 AI
4.01 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$12.50 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 / 77
Table 7E. Schedule of Operations; Grain Sorghum (Dbl. Crop), 1998
COUNTY:Graham
FARM: Graham County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Safford Valley
YIELD:
3,200.0 Lb / Acre
First
No.Month Times
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Aug
Aug
Aug
Sep
Nov
Nov
Dec
1.0
1.0
4.0
3.0
0.7
0.3
1.0
1.0
1.0
2.0
1.0
0.7
0.3
1.0
2.0
2.8
1.2
1.0
1.0
1.0
1.0
Operation
Page 34
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Equipment/ Custom Oper
HP Self-Prop./ Implement
Disk
125 Offset Disk, 13.5'
List
100 Lister, 5 Bottom
Disk Ends
125 Offset Disk, 13.5'
Buck Rows
100 Rowbuck, 10'
Preirrigate
Preirrigate
Mulch
100 Power Mulcher, 4 Rw
Plant
100 Planter, Drill Type, 4 Row
Remove Cap
100 Section Harrow, 3 Section
Cultivate
100 Cultivator, Sweep, 4 Rw
Apply Fert/Ground
100 Fertilizer Injector, 4 Row
Irrigate
Irrigate
Apply Herbicide/Ground CST Air Spray, 3 Gal Mix
Cultivate
100 Cultivator, Sweep, 4 Rw
Irrigate
Irrigate
Apply Insecticide/Air
Combine Harvest
CST Combine Grain Sorghum
Haul, Custom
CST Haul Grain
Cut Stalks
125 Rotary Stalk Cutter, 4 Row
Offset Disk, 13.5'
Pickup use 40 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
3.00
4.00
30.00
30.00
1.50
0.99
3.00
3.00
5.00
2.00
3.00
1.86
1.24
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/4/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
Water, District
Water, Pump
12.00 AI
12.00 AI
0.00 AF
11.12 AF
Grain Sorghum Sd
10.00 Lb
95.00 CW
82-00-00, Anhyd.
Water, District
Water, Pump
Atrazine
3.00
2.48 Water, District
1.65 Water, Pump
Carbaryl
150.00
8.00
8.00
1.25
Lb 317.00 Tn
AI
0.00 AF
AI 11.12 AF
Lb
2.98 Lb
6.00 AI
6.00 AI
2.00 Lb
Labor
Type
Tractor
Tractor
Tractor
Tractor
Irrigators
Irrigators
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Irrigators
4.23 Ac
Tractor
Irrigators
Irrigators
0.00 AF
11.12 AF
4.76 Lb
37.50 Ac
0.25 C
3.00
Tractor
0.75
*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 / 77