Table
9A. Income and Cash Operating Cost Summary, Wheat, 1996
COUNTY: Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
FARM: Greenlee County Farm
ACRES:
1.0
YIELD:
4,500.0 Lb/Acre
Item
INCOME ->
Page
Grain
WATER SOURCE:
DEastN
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
35
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/04/96
Unit
Quantity
Price
/Unit
Budgeted
/Acre
Total
/Acre
Pound
4,500.00
$0.0581
$261.45
$261.45
____________
43.05
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Other/Contract
Chemicals & Custom Applications
Fertilizers
Insecticides
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation (excluding labor)
Natural Gas/Pumping
Repairs & Maint.
20.49
20.23
2.33
72.38
67.33
5.05
24.47
11.82
12.65
43.63
38.29
5.34
Other Purchased Inputs & Services
Seed/Transplants
25.20
25.20
__________
208.74
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
9.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
Notes: The above figures do not include ownership costs, see Table
0.28
Your Farm
Budget
____________
____________
____________
44.50
__________
45.11
____________
____________
____________
____________
____________
____________
____________
____________
7.43
6.45
==========
$267.72
(
$6.27)
____________
____________
============
____________
____________
0.28
0.33
0.16
0.17
9B on Next Page for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F10/19
Table
9B. Allocation of Ownership Costs; Wheat, 1996
COUNTY: Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
FARM:
ACRES:
YIELD:
Greenlee County Farm
1.0
4,500.0 Lb/Acre
Page
WATER SOURCE:
DEastN
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.0581/Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
36
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/04/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$261.45
|
267.72
(
$6.27)
|
(
$6.27)
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
2.56
|
2.56
Wells & Irrig. System
2.55
|
2.55
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
13.38
|
13.38
General Farm Maint. ( 3% of Tot. Oper. Exp.)
8.03
|
8.03
__________
|
_________
Total Cash Overhead Expenses
26.52
|
26.52
|
Total Cash Oper. & Over. Cost
294.25
|
294.25
RETURNS OVER CASH OPER. & OVER. EXPENSES.
(
32.80)
|
(
32.80)
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
13.91
Wells & Irrig. System
|
30.82
Interest on Equity, Machinery & Vehicles
|
6.33
Wells & Irrig. System
|
7.64
|
_________
Total Capital Allocations
|
58.70
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK —————————————————————————>(
32.80)
|
RETURNS TO LAND, MANAGEMENT & RISK ————————————————————————————————————————————————————————————————————>(
91.50)
__________
|
___________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($480 X 16% X .06830)
5.24
|
5.24
Opport. Inter. on Land (100% X 6.0% X $480)
|
28.80
—————
|
—————
Total Land Costs
5.24
|
34.04
RETURNS TO MANAGEMENT, CAPITAL & RISK ———————————————————————————————>(
38.04)
|
RETURNS TO MANAGEMENT & RISK ——————————————————————————————————————————————————————————————————————————>(
125.54)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
21.41
_________
|
_________
TOTAL OWNERSHIP COST
31.77
|
140.69
=========
|
=========
TOTAL COST
$299.49
|
$408.41
RETURN TO MANAGEMENT, CAPITAL & RISK ————————————————————————————————>(
$38.04)
|
RETURN TO RISK (PROFITS) ——————————————————————————————————————————————————————————————————————————————>(
$146.96)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$261.45
267.72
Lb)
$0.0594
$0.0070
$0.0665
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F10/19
$0.0594
$0.0312
$0.0907
Table
9C. Variable Operating Costs; Wheat, 1996
COUNTY: Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Nov
Nov
Dec
Jan
Jan
Jan
Jan
Mar
Mar
May
Jul
Jul
Jul
Jul
Page
FARM: Greenlee County Farm
ACRES:
1.0
YIELD:
4,500.0 Lb/Acre
Operation
WATER SOURCE:
DEastN
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
Disk
Plow
Landplane
List
Plant
Buck Rows
Irrigate
Apply Fert/Ground
Irrigate
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Haul, Custom
45.0 CW
Disk Residue
Pickup Use 30 Mi/Ac
Operating Interest at 9.00%
0.180
0.600
0.257
0.225
0.300
0.030
0.060
0.030
0.180
1.000
0.200
0.667
0.286
0.250
0.666
0.033
0.314
0.067
0.209
|
|
|
|
|
|
|
|
|
|
0.033 |
|
|
0.200 |
1.97
7.02
2.58
2.35
3.83
0.26
5.69
0.54
3.79
1.68
5.61
2.41
2.10
5.13
0.28
2.64
0.56
1.76
0.33
0.28
64.58
27.96
7.34
9.50
33.25
11.25
1.97
7.43
1.68
7.63
TOTAL CASH OPERATING EXPENSES:
$75.84
$43.33
$54.33
$95.39
3.65
12.63
4.99
4.45
73.54
0.54
8.33
29.06
5.55
16.84
0.61
33.25
11.25
3.65
37
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/04/96
Times
2.0
1.0
1.0
1.0
1.0
1.0
5.0
1.0
4.0
0.3
1.0
1.0
1.0
2.0
Tot. Cash
Expense Class
7.30
12.63
4.99
4.45
73.54
0.54
41.65
29.06
22.20
5.05
0.61
33.25
11.25
7.30
7.43
7.63
________
$268.89
L
L
L
L
L
G
G
G
G
G
H
H
H
L
O
O
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.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$110.21
Growing (G)
98.50
Harvest (H)
45.10
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
15.06
—————
Total (T)
$268.88
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
————————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.04
$0.05
$0.05
$0.06
$0.07
Break-even
|———————————————————————————————————————————————————————————————
-25%
3,375.0
|
-110.54
-81.13
-61.52
-41.91
-12.50
0.07
-10%
4,050.0
|
-87.89
-52.60
-29.07
-5.54
29.75
0.06
Budgeted 4,500.0
|
-72.79
-33.58
-7.43
18.70
57.92
0.05
+10%
4,950.0
|
-57.70
-14.56
14.19
42.95
86.09
0.05
+25%
5,625.0
|
-35.05
13.96
46.64
79.32
128.35
0.04
Break-even Yield
| 6,669.83 5,294.55 4,654.70 4,152.83 3,574.69
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F10/19
Table
9D. Resource and Cash Flow Requirements; Wheat, 1996
COUNTY: Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
FARM: Greenlee County Farm
ACRES:
1.0
YIELD:
4,500.0 Lb/Acre
Total
Labor (Hrs)
|
|
|
NOV P
DEC P
JAN C
2.0
12.0
MAR C
2.0
8.0
APR C
2.0
10.0
MAY C
2.0
12.0
JUN C
1.0
4.0
JUL C
Pickup Use 30 Mi/Ac
Operating Interest at 9.0%
1.06
0.28
1.57
0.48
0.52
0.62
0.20
0.43
|
|
|
|
|
|
|
|
Total
%
5.20
Month *
Number
Irrig.
9.0
Water
Applied
(Inches)
46.0
10.96
2.58
17.82
8.12
9.48
11.38
3.79
4.27
7.43
|
|
75.84
30.02
Natural Gas/Pumping
All Direct Energy
2.22
0.26
0.03
1.00
MATERIALS REQUIREMENTS(/Acre)
Milling Wheat Sd, Cert
46-00-00, Urea 46
200.00 Lb
150.00 Lb
P = Previous Year
8.97
2.41
12.80
4.08
4.40
5.28
1.76
3.64
Hrs
Hrs
Hrs
Hrs
99.3
11.8
Offset Disk, 12'
Lister, 5 Bottom
Fertilizer Broadcaster, Towed
16-20-00, Dry
Phorate
2.47 Hrs
C = Current Year
Other
39.38
27.96
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/04/96
7.62
19.93
4.99
95.20
40.16
13.88
21.16
5.55
36.66
7.43
7.62
38.02
15.05
252.58
100.00
25.20
2.85
1.65
28.75
43.33
17.15
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
10.9
Regular Gas
0.0
NonLead Gas
3.0
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 100 PTO HP, MFWD
Landplane 12’X 45'
Rowbuck, 10'
Pickup Truck, 1/2 Ton
LABOR REQUIREMENTS(/Acre)
Tractor
WATER SOURCE:
DEastN
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
38
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
117.0 lbs
Total P
60.0 lbs
Total K
0.0 lbs
Total Labor
5.2 Hrs
Total Water
46.0 AI
* NOTE:
Page
70.19
27.79
25.20
9.97
Gal
Gal
Gal
Therms
M BTU
0.75 Hrs
0.23 Hrs
0.06 Hrs
300.00 Lb
1.50 Lb
Moldboard Plow, 3-16 2 Way
Grain Drill 12' W/Fert Box
Saddle Tk Sprayer, 2 Tk 8 Row
0.33 Hrs
Water, Pump
0.60 Hrs
0.30 Hrs
0.00 Hrs
46.00 AI
Irrigators
N = Next Year
2.41 Hrs
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F10/19
Table
9E
Schedule of Operations; Wheat, 1996
COUNTY: Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
First
No. Month Times
Operation
FARM: Greenlee County Farm
ACRES: 1.0
YIELD: 4,500.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
1
2
3
4
5
Nov
Nov
Dec
Jan
Jan
2.0
1.0
1.0
1.0
1.0
Disk
Plow
Landplane
List
Plant
6
7
8
9
10
11
12
13
14
Jan
Jan
Mar
Mar
May
Jul
Jul
Jul
Jul
1.0
5.0
1.0
4.0
0.3
1.0
1.0
1.0
2.0
Buck Rows
100
Irrigate
Apply Fert/Ground
100
Irrigate
Apply Insecticide/Air
Prepare Ends
100
Combine Harvest
Haul, Custom
Disk Residue
100
Pickup Use 30 Mi/Ac
* NOTE:
100
100
100
100
100
Offset Disk, 12'
Moldboard Plow, 3-16 2
Landplane 12’X 45'
Lister, 5 Bottom
Grain Drill 12' W/Fert
Page
WATER SOURCE:
DEastN
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/04/96
———— Material Use & Cost ——— Service Cost
Name
Appl. Rate
$/Unit
$/Unit
5.00
1.50
3.50
4.00
3.00 Milling Wheat Sd,
16-20-00, Dry
Rowbuck, 10'
30.00
3.18 Water, Pump
Fertilizer Broadcaster, 15.00 46-00-00, Urea 46
4.78 Water, Pump
CST Air Apply Granules
Phorate
Offset Disk, 12'
30.00
CST Combine Wheat
CST Haul Grain
Offset Disk, 12'
5.00
Pickup Truck, 1/2 Ton
1.00
200.00 Lb
300.00 Lb
12.00 CW
250.00 Tn
6.00
150.00
4.00
5.00
11.38
355.00
11.38
1.81
AI
Lb
AI
Lb
39
AF
Tn
AF
Lb
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Other
Tractor
Irrigator
Tractor
Irrigator
5.50 Ac
Tractor
17.50 Ac
0.25 CW
Tractor
Machine times, labor times, and material rates are for one time over the designated acreage.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F10/19