Table 8A. Income and Cash Operating Summary; Pima (ELS) Cotton, 1998
COUNTY: Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
INCOME ⇒
FARM: Graham County 98
ACRES:
1.0
YIELD:
773.0 Lb / Acre
Page 35
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Item
Unit
Quantity
Price/
Unit
Lint
CottonSeed
Pound
Ton
773.00
0.68
$1.03
$133.60
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Hand
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Chemicals and Custom Applications
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
Other Materials
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
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.
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Budgeted
/Acre
$796.19
$90.85
Total
/Acre
Your Farm
Budget
$887.04
____________
____________
115.39
____________
____________
____________
____________
122.50
____________
____________
____________
____________
57.42
____________
____________
____________
____________
____________
____________
50.79
34.59
30.00
58.68
47.15
16.66
23.17
34.25
16.68
15.42
1.26
24.91
18.91
6.00
-------------336.90
____________
____________
____________
____________
18.74
____________
____________
____________
8.49
____________
____________
____________
____________
____________
8.28
10.47
8.49
68.53
9.26
59.27
5.95
67.07
5.99
1.33
-------------176.12
15.14
26.82
____________
____________
____________
____________
=============
===================
$554.97
$332.07
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 154
Table 8B. Allocations of Ownership Costs; Pima (ELS) Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
Item
TOTAL INCOME at
Page 36
FARM: Graham County 98
WATER SOURCE:
Surface/Pump
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
773.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$1.03 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$887.04
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$887.04
$554.97
$554.97
$332.07
12.18
6.02
27.75
16.65
-------------62.60
$332.07
12.18
6.02
27.75
16.65
-------------62.60
617.57
617.57
$269.47
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
$269.47
85.44
11.33
33.93
4.10
-------------134.80
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$269.47
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 ---------------------------------------->
$235.54
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------96.53
44.40
-------------311.73
=============
=============
TOTAL COST
$651.50
$866.70
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$235.54
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
$134.66
$0.60
$0.12
$0.73
$64.73
$20.34
$0.60
$0.40
$1.00
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 154
Table 8C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Mar
Apr
Apr
Apr
Apr
May
Jun
Jun
Jun
Jun
Jul
Jul
Aug
Sep
Sep
Sep
Sep
Nov
Nov
Nov
Nov
Nov
Nov
Dec
Dec
Dec
FARM: Graham County 98
ACRES:
1.0
YIELD:
773.0 Lb / Acre
Plow
Landplane
Laser Level
Apply Herbicide/Ground
Disk
List
Disk Ends
Buck Rows
Preirrigate
Preirrigate
Mulch
Plant
Remove Cap
Apply Fert/Ground
Cultivate
Hand Weeding
Irrigate
Irrigate
Cultivate
Hand Weeding
Apply Herbicide/Ground
Field Scouting
Apply Insecticide/Air
Irrigate
Irrigate
Prepare Ends
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Make Modules
Haul, Custom .1 Mu
Cotton Ginning 22.7 Cs
Cotton Classing 1.6 Ba
Crop Assessment 1.6 Ba
Cut Stalks 1.6 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.900
0.273
0.300
0.225
0.225
0.225
0.030
0.030
0.300
0.180
0.150
0.450
0.300
0.225
1.000
0.300
0.333
0.250
0.250
0.250
0.033
0.033
1.000
1.500
0.333
0.333
0.200
0.167
0.500
3.333
0.269
0.403
0.333
2.000
0.250
Page 37
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
14.90
3.57
3.57
1.87
3.46
2.38
0.45
0.22
16.68
3.01
1.27
1.69
3.71
3.71
2.47
1.87
8.19
2.46
2.73
2.05
2.05
2.05
0.27
0.27
6.82
10.24
2.73
2.73
1.64
1.37
4.09
21.62
1.84
2.75
2.73
12.97
2.05
0.045
0.403
0.606
0.050
5.56
0.33
2.75
4.14
0.41
0.900
0.375
0.600
0.265
1.000
0.417
0.667
0.294
36.55
4.59
24.37
3.24
6.82
3.41
4.55
2.41
3.29
18.91
58.68
13.37
6.00
4.23
11.49
5.54
2.95
1.13
0.20
3.98
67.07
1.97
5.99
0.225
2.000
0.250
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
4.33
15.14
2.05
Times
23.09
6.02
6.30
7.21
5.51
4.43
0.72
0.49
6.82
26.92
5.74
21.63
2.91
61.74
7.80
21.62
1.84
6.46
5.20
12.97
17.29
6.00
15.72
2.75
9.70
0.74
8.49
43.37
9.14
28.92
5.85
3.98
67.07
1.97
5.99
6.38
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
0.8
1.0
1.0
1.0
1.0
1.0
1.0
26.82
Tot. Cash
Expenses
23.09
4.22
1.89
7.21
5.51
4.43
6.45
3.42
4.78
8.08
11.48
21.63
2.91
61.74
15.61
21.62
11.56
17.44
15.60
12.97
17.29
6.00
47.15
1.93
2.91
0.74
8.49
43.37
9.14
23.13
5.85
3.98
67.07
1.97
5.99
6.38
15.14
26.82
Class
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
H
H
H
P
M
M
P
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
*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.
554.97
T
Table 8C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
FARM: Graham County 98
ACRES:
1.0
YIELD:
773.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
72.24
Growing (G)
264.66
Harvest (H)
94.70
Post Harvest (P)
73.45
Marketing (M)
7.97
Operating Overhead (O)
41.96
=============
Total (T)
$554.97
Page 38
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.77
$0.93
$1.03
$1.13
$1.29 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
579.8
695.7
773.0
850.3
966.3
Break-even Yield
-62.44
0.71
42.81
84.91
148.07
27.13
108.20
162.24
216.29
297.35
86.84
179.85
241.86
303.87
396.88
146.56
251.51
321.48
391.45
496.40
236.13
358.99
440.91
522.82
645.69
694.40
540.95
471.49
417.84
356.92
0.88
0.77
0.72
0.67
0.62
Table 8D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
Number
Irrigations
Month *
JAN C
FEB C
0.3
MAR C
0.7
APR C
MAY C
JUN C
2.0
JUL C
3.0
AUG C
4.0
SEP C
1.0
NOV C
DEC C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
11.0
FARM: Graham County 98
ACRES:
1.0
YIELD:
773.0 Lb / Acre
Water
Applied
(inches)
5.4
12.6
8.0
12.0
16.0
6.0
Total
Labor (Hrs)
1.00
1.31
1.10
1.75
3.85
3.08
1.64
1.70
0.55
2.11
0.38
Page 39
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
14.90
11.94
6.22
11.71
3.93
6.03
9.01
8.25
2.44
59.00
9.20
15.14
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
8.19
23.09
10.27
2.63
24.85
7.89
0.66
14.76
14.32
58.68
18.91
103.62
25.85
29.78
21.00
27.03
12.18
13.37
6.00
40.57
12.25
22.98
8.46
51.94
3.85
14.44
9.77
30.50
15.38
1.33
57.63
133.34
2.96
21.38
33.54
15.14
26.82
26.82
**
60.0
18.48
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
100.0
Total P
0.0
Total K
0.0
Total Labor
18.5
Total Water
60.0
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.05 Hr
Dbl. Offset Disk, 13'
0.22 Hr
Landplane 12'X 45'
0.19 Hr
Module Builder
0.64 Hr
Pickup Truck, 1/2 Ton
2.00 Hr
Rotary Stalk Cutter, 4 Row
0.22 Hr
Section Harrow, 3 Section
0.18 Hr
Tractor, 100 PTO HP,
3.43 Hr
157.78
28.43
134.13
24.17
112.77
20.32
20.24
3.65
130.06
23.44
554.97
100.00
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
42.5 Gal
Unleaded Gas
6.0 Gal
Electric / Pumping
199.1 KWH
All Direct Energy
7.3 M BTU
Cotton Picker, 2 Row
Drag Scraper, 10'
Laser, Complete System
Moldboard Plow, 3-16 2
Planter, Drill Type, 4 Row
Rowbuck, 10'
Tractor, 80 PTO HP,
Tractor, 125 PTO HP
MATERIALS REQUIREMENT ( per Acre)
20-00-00, Amm. Nitrate,
500.00 Lb
MSMA/ANY
1.75 Qt
Sodium Chlorate
2.00 Ga
Water, Pump
18.00 AI
Lambdacyhalothrin
Pima Cotton Sd + Fung
Trifluralin
LABOR REQUIREMENT ( per Acre)
Hand Weeders
5.33 Hr
Tractor
7.21 Hr
Harvest
1.38
0.09
0.09
0.90
0.00
0.21
0.64
0.78
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
15.00 Oz
28.00 Lb
1.00 Pt
1.53 Hr
Cultivator, Sweep, 4 Rw
Fert. Side Dress Unit,
Lister, 5 Bottom
Offset Disk, 13.5'
Power Mulcher, 4 Rw
Saddle Tk Sprayer, 2 Tk 8
Tractor, 100 PTO HP
Tractor, 150 PTO HP
Module Tarps
Prometryn
Water, District
Irrigators
1.80
0.15
0.22
0.50
0.60
0.45
0.22
1.13
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
25.22 C
1.20 Pt
42.00 AI
4.40 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 / 154
Table 8E. Schedule of Operations; Pima (ELS) Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Pima
AREA:
Safford Valley
FARM: Graham County 98
ACRES:
1.0
YIELD:
773.0 Lb / Acre
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Page 40
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
First
No.Month Times
Operation
1
Jan
1.0 Plow
2
Feb
0.7 Landplane
3
Feb
0.3 Laser Level
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
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Jul
Aug
Sep
Sep
Sep
Sep
Nov
Nov
Nov
Nov
Nov
Nov
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
Equipment/ Custom Oper
Job Rate
---------- Material Use and Cost ---------- Service Cost Labor
HP Self-Prop./ Implement
Acres/Hr
Name
Appl. Rate $ / Unit
$ / Unit
Type
150 Moldboard Plow, 3-16 2
1.00
Tractor
125 Landplane 12'X 45'
3.30
Tractor
125 Drag Scraper, 10'
3.00
Tractor
Laser, Complete System
Apply Herbicide/Ground 100 Saddle Tk Sprayer, 2 Tk 8
4.00 Trifluralin
1.00 Pt 24.95 Ga
Tractor
Disk
125 Dbl. Offset Disk, 13'
4.00
Tractor
List
100 Lister, 5 Bottom
4.00
Tractor
Disk Ends
125 Offset Disk, 13.5'
30.00
Tractor
Buck Rows
100 Rowbuck, 10'
30.00
Tractor
Preirrigate
1.00 Water, District
18.00 AI
0.00 AF
Irrigators
Preirrigate
0.67 Water, Pump
18.00 AI 11.12 AF
Irrigators
Mulch
100 Power Mulcher, 4 Rw
3.00
Tractor
Plant
100 Planter, Drill Type, 4 Row
Pima Cotton Sd + Fung 28.00 Lb
0.64 Lb
Tractor
Remove Cap
100 Section Harrow, 3 Section
5.00
Tractor
Apply Fert/Ground
100 Fert. Side Dress Unit,
6.00 20-00-00, Amm. Nitrate, 500.00 Lb 222.50 Tn
Tractor
Cultivate
100 Cultivator, Sweep, 4 Rw
2.00
Tractor
Hand Weeding
0.30
Hand
Irrigate
3.72 Water, District
4.00 AI
0.00 AF
Irrigators
Irrigate
2.48 Water, Pump
4.00 AI 11.12 AF
Irrigators
Cultivate
100 Cultivator, Sweep, 4 Rw
3.00
Tractor
Hand Weeding
0.50
Hand
Apply Herbicide/Ground 100 Saddle Tk Sprayer, 2 Tk 8
4.00
1.75 Qt 18.33 Ga
Tractor
Prometryn
1.20 Pt 31.04 Ga
Field Scouting
CST Scout For Insects
6.00 Ac
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Lambdacyhalothrin
5.00 Oz 278.75 Ga
4.23 Ac
Irrigate
2.48 Water, District
6.00 AI
0.00 AF
Irrigators
Irrigate
1.65 Water, Pump
6.00 AI 11.12 AF
Irrigators
Prepare Ends
100 Blade Scraper, 10'
20.00
Tractor
Apply Defoliant/Air
CST Air Spray, 10 Gal Mix
Sodium Chlorate
2.00 Ga
1.40 Ga
5.54 Ac
Cotton, First Pick
Cotton Picker, 2 Row
1.00
Harvest
Cotton, Make Modules 80 Module Builder
2.40 Module Tarps
21.45 C
0.05 CW
Tractor
Cotton, Second Pick
Cotton Picker, 2 Row
1.50
Harvest
Cotton, Make Modules 80 Module Builder
3.40 Module Tarps
3.77 C
0.05 CW
Tractor
Haul, Custom
CST Haul Cotton Modules
35.00Mu
Cotton Ginning
CST Gin Upland Cotton
2.95 Cs
Cotton Classing
CST Class Cotton, HVI
1.25 Ba
Crop Assessment
CST Pima (High Elev)
3.80 Ba
Cut Stalks
150 Rotary Stalk Cutter, 4 Row
4.00
Tractor
Offset Disk, 13.5'
Pickup use 60 Mi/Ac
Pickup Truck, 1/2 Ton
0.50
*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 / 154