Table 9A. Income and Cash Operating Summary; Upland Cotton, 1998
COUNTY: Graham
CROP:
Cotton, Upland
AREA:
Safford Valley
INCOME ⇒
FARM: Graham County 98
ACRES:
1.0
YIELD:
935.0 Lb / Acre
Page 41
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Item
Unit
Quantity
Price/
Unit
Lint
Cottonseed
Pound
Ton
935.00
0.83
$0.68
$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
$635.80
$110.89
Total
/Acre
Your Farm
Budget
$746.69
____________
____________
114.02
____________
____________
____________
____________
84.72
____________
____________
____________
____________
58.35
____________
____________
____________
____________
____________
____________
49.43
34.59
30.00
20.90
47.15
16.66
22.68
35.67
15.02
13.88
1.13
27.27
21.27
6.00
-------------299.37
____________
____________
____________
____________
18.74
____________
____________
____________
8.49
____________
____________
____________
____________
____________
8.28
10.47
8.49
68.53
9.26
59.27
7.20
81.13
5.34
1.33
-------------190.77
15.14
15.92
____________
____________
____________
____________
=============
===================
$521.20
$225.49
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 187
Table 9B. Allocations of Ownership Costs; Upland Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Upland
AREA:
Safford Valley
Item
TOTAL INCOME at
Page 42
FARM: Graham County 98
WATER SOURCE:
Surface/Pump
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
935.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.68 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$746.69
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$746.69
$521.20
$521.20
$225.49
12.28
5.41
26.06
15.64
-------------59.40
$225.49
12.28
5.41
26.06
15.64
-------------59.40
580.60
580.60
$166.09
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
$166.09
86.51
10.20
35.36
3.69
-------------135.77
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$166.09
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 ---------------------------------------->
$132.16
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------93.32
41.70
-------------306.79
=============
=============
TOTAL COST
$614.52
$827.99
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$132.16
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
$30.33
$0.44
$0.10
$0.54
($39.60)
($81.30)
$0.44
$0.33
$0.77
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 8 / 187
Table 9C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Upland
AREA:
Safford Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Mar
Apr
Apr
Apr
May
May
Jun
Jun
Jun
Jun
Jul
Jul
Aug
Sep
Sep
Sep
Sep
Oct
Oct
Nov
Nov
Oct
Oct
Dec
Dec
Dec
FARM: Graham County 98
ACRES:
1.0
YIELD:
935.0 Lb / Acre
Plow
Landplane
Laser Level
Apply Herbicide/Ground
Disk
List
Disk Ends
Buck Rows
Preirrigate
Preirrigate
Mulch
Plant
Remove Cap
Cultivate/Inject Fertiliz
Cultivate
Hand Weeding
Irrigate
Irrigate
Cultivate
Hand Weeding
Apply Herbicide/Ground
Field Scouting
Apply Insecticide/Air
Irrigate
Irrigate
Prepare Ends
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Make Modules
Haul, Custom .1 Mu
Cotton Ginning 27.5 Cs
Cotton Classing 1.9 Ba
Crop Assessment 1.9 Ba
Cut Stalks 1.9 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.900
0.273
0.300
0.225
0.225
0.225
0.030
0.030
0.300
0.180
0.450
0.450
0.300
0.225
1.000
0.300
0.333
0.250
0.250
0.250
0.033
0.033
1.000
1.500
0.333
0.333
0.200
0.500
0.500
3.333
0.269
0.403
0.333
2.000
0.250
Page 43
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
14.90
3.57
3.57
1.87
3.46
1.92
0.45
0.22
11.12
3.01
1.27
5.87
4.63
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
4.09
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
21.27
20.90
13.37
6.00
4.23
11.49
5.54
2.95
1.13
0.20
4.81
81.13
2.39
5.34
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
3.97
0.72
0.49
6.82
21.36
5.74
24.00
2.91
30.86
8.73
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
4.81
81.13
2.39
5.34
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
1.0
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
15.92
Tot. Cash
Expenses
23.09
4.22
1.89
7.21
5.51
3.97
6.45
3.42
4.78
6.41
11.48
24.00
2.91
30.86
8.73
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
4.81
81.13
2.39
5.34
6.38
15.14
15.92
Class
L
L
L
G
L
L
G
G
G
G
L
L
G
L
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.
521.20
T
Table 9C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Upland
AREA:
Safford Valley
FARM: Graham County 98
ACRES:
1.0
YIELD:
935.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
105.01
Growing (G)
194.37
Harvest (H)
95.54
Post Harvest (P)
87.50
Marketing (M)
7.73
Operating Overhead (O)
31.06
=============
Total (T)
$521.20
Page 44
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.51
$0.61
$0.68
$0.75
$0.85 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
701.3
841.5
935.0
1,028.5
1,168.8
Break-even Yield
-115.23
-72.32
-43.71
-15.10
27.81
-43.70
13.52
51.66
89.81
147.02
3.98
70.74
115.24
159.74
226.50
51.67
127.96
178.82
229.68
305.97
123.20
213.79
274.19
334.59
425.19
1,077.85
808.37
692.88
606.27
510.54
0.67
0.60
0.56
0.52
0.49
ARIZONA COOPERATIVE EXTENSION
University of Arizona
F 8 / 187
Table 9D. Resource and Cash Flow Requirements; Upland Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Upland
AREA:
Safford Valley
Number
Irrigations
Month *
JAN C
FEB C
0.3
MAR C
0.7
APR C
MAY C
JUN C
2.0
JUL C
3.0
AUG C
4.0
SEP C
1.0
OCT C
NOV C
DEC C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
11.0
FARM: Graham County 98
ACRES:
1.0
YIELD:
935.0 Lb / Acre
Water
Applied
(inches)
3.6
8.4
8.0
12.0
16.0
6.0
Total
Labor (Hrs)
1.00
1.31
1.10
1.58
3.85
3.08
1.64
1.70
0.55
1.42
0.83
0.25
Page 45
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
14.90
11.02
5.01
12.18
4.85
6.03
9.01
8.25
2.44
41.14
22.74
4.33
15.14
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
8.19
23.09
10.27
2.63
23.92
7.89
0.66
13.56
12.96
20.90
21.27
67.30
25.85
30.70
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
10.24
1.13
69.71
122.22
6.05
0.20
16.23
45.21
2.05
7.73
14.11
15.14
15.92
15.92
**
54.0
18.31
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
102.5
Total P
0.0
Total K
0.0
Total Labor
18.3
Total Water
54.0
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,
3.06 Hr
MATERIALS REQUIREMENT ( per Acre)
82-00-00, Anhyd.
125.00 Lb
MSMA/ANY
1.75 Qt
Trifluralin
1.00 Pt
Water, Pump
16.20 AI
LABOR REQUIREMENT ( per Acre)
Hand Weeders
5.33 Hr
Tractor
7.05 Hr
157.04
30.13
132.76
25.47
74.98
14.39
22.60
4.34
133.82
25.68
521.20
100.00
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
41.9 Gal
Unleaded Gas
6.0 Gal
Electric / Pumping
179.2 KWH
All Direct Energy
7.2 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
Lambdacyhalothrin
Prometryn
Upl Cotton Sd+NU-Flow
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
1.20 Pt
28.00 Lb
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
Sodium Chlorate
Water, District
Irrigators
1.80
0.45
0.22
0.50
0.60
0.45
0.45
1.13
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
25.22 C
2.00 Ga
37.80 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 / 187
Table 9E. Schedule of Operations; Upland Cotton, 1998
COUNTY:Graham
CROP:
Cotton, Upland
AREA:
Safford Valley
First
No.Month Times
FARM: Graham County 98
ACRES:
1.0
YIELD:
935.0 Lb / Acre
Operation
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
Jan
Feb
Feb
1.0 Plow
0.7 Landplane
0.3 Laser Level
4
5
6
7
8
9
10
11
12
13
14
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Mar
Apr
Apr
Apr
1.0
1.0
1.0
9.0
7.0
0.7
0.3
2.0
1.0
1.0
1.0
15
16
17
18
19
20
21
May
May
Jun
Jun
Jun
Jun
Jul
1.0
1.0
6.3
2.7
3.0
1.0
1.0
150 Moldboard Plow, 3-16 2
125 Landplane 12'X 45'
125 Drag Scraper, 10'
Laser, Complete System
Apply Herbicide/Ground 100 Saddle Tk Sprayer, 2 Tk 8
Disk
125 Dbl. Offset Disk, 13'
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/Inject Fertiliz 100 Cultivator, Sweep, 4 Rw
Fert. Side Dress Unit, 4Row
Cultivate
100 Cultivator, Sweep, 4 Rw
Hand Weeding
Irrigate
Irrigate
Cultivate
100 Cultivator, Sweep, 4 Rw
Hand Weeding
Apply Herbicide/Ground 100 Saddle Tk Sprayer, 2 Tk 8
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Jul
Aug
Sep
Sep
Sep
Sep
Oct
Oct
Nov
Nov
Oct
Oct
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
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
Cotton Ginning
Cotton Classing
Crop Assessment
Cut Stalks
Pickup use 60 Mi/Ac
Page 46
WATER SOURCE:
Surface/Pump
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
CST Scout For Insects
CST Air Spray, 3 Gal Mix
100 Blade Scraper, 10'
CST Air Spray, 10 Gal Mix
Cotton Picker, 2 Row
80 Module Builder
Cotton Picker, 2 Row
80 Module Builder
CST Haul Cotton Modules
CST Gin Upland Cotton
CST Class Cotton, HVI
CST Upland (High Elev)
150 Rotary Stalk Cutter, 4 Row
Offset Disk, 13.5'
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
1.00
3.30
3.00
Tractor
Tractor
Tractor
4.00 Trifluralin
1.00
4.00
4.00
30.00
30.00
1.00 Water, District
12.00
0.67 Water, Pump
12.00
3.00
Upl Cotton Sd+NU-Flow 28.00
5.00
2.00 82-00-00, Anhyd.
125.00
2.00
0.30
3.72 Water, District
2.48 Water, Pump
3.00
0.50
4.00
Prometryn
Lambdacyhalothrin
2.48 Water, District
1.65 Water, Pump
20.00
Sodium Chlorate
1.00
2.40 Module Tarps
1.50
3.40 Module Tarps
Labor
Type
Pt
24.95 Ga
AI
AI
0.00 AF
11.12 AF
Lb
72.00 Lb
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Irrigators
Tractor
Tractor
Tractor
Tractor
Lb 317.00 Tn
4.00 AI
4.00 AI
0.00 AF
11.12 AF
1.75 Qt
1.20 Pt
18.33 Ga
31.04 Ga
5.00 Oz 278.75 Ga
6.00 AI
0.00 AF
6.00 AI 11.12 AF
2.00 Ga
1.40 Ga
21.45
C
0.05 CW
3.77
C
0.05 CW
Tractor
Hand
Irrigators
Irrigators
Tractor
Hand
Tractor
6.00 Ac
4.23 Ac
Irrigators
Irrigators
Tractor
5.54 Ac
Harvest
Tractor
Harvest
Tractor
35.00Mu
2.95 Cs
1.25 Ba
2.80 Ba
4.00
Tractor
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 / 187