Table 4A. Income and Cash Operating Summary; Alfalfa Hay, 1998
COUNTY: Greenlee
CROP:
Alfalfa Hay
AREA:
Duncan Valley
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
9.5 Tn / Acre
Item
INCOME ⇒
Unit
Hay
Ton
Page 15
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Quantity
9.50
Price/
Unit
$96.70
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$918.65
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Total
/Acre
Your Farm
Budget
$918.65
____________
35.34
____________
____________
____________
39.98
____________
____________
____________
1.70
____________
____________
____________
78.63
____________
____________
____________
1.92
33.43
29.96
10.02
0.79
0.91
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
69.57
9.05
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------155.64
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
38.47
____________
____________
____________
193.44
____________
____________
____________
____________
12.28
26.19
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
15.24
178.20
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
22.46
-------------254.37
10.09
24.07
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$444.18
$474.47
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 2
Table 4B. Allocations of Ownership Costs; Alfalfa Hay, 1998
COUNTY:Greenlee
CROP:
Alfalfa Hay
AREA:
Duncan Valley
FARM: Greenlee County 98
WATER SOURCE:
Duncan East, Nat Gas
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
9.5 Tn / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 16
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$918.65
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$444.18
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$918.65
$444.18
$474.47
13.40
5.37
22.21
13.33
-------------54.31
$474.47
13.40
5.37
22.21
13.33
-------------54.31
498.49
498.49
$420.16
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
Stand Establishment (3 year crop)
$420.16
89.72
55.23
7.14
14.19
91.01
-------------257.30
91.01
-------------Total Capital Allocations
91.01
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$329.14
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($400.00 X 16.0% X 0.084)
Opportunity Interest on Land (100% X 6.0 X $400.00)
5.44
5.44
24.00
-------------29.44
-------------Total Land Costs
5.44
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$323.71
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
$162.86
-------------150.76
35.53
-------------376.58
=============
=============
$133.42
TOTAL COST
$594.94
$820.76
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$323.71
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
$97.89
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$46.76
$39.64
$86.40
$46.76
$15.87
$62.63
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 2
Table 4C. Variable Operating Costs; Alfalfa Hay, 1998
COUNTY:Greenlee
CROP:
Alfalfa Hay
AREA:
Duncan Valley
No.
First
Month Operation
1
2
3
4
5
6
Mar
Mar
Apr
May
May
May
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
9.5 Tn / Acre
---- Hours * ---Machine Labor
Apply Fert/Ground
Irrigate
Apply Insect./Ground
Swathing
Baling
Roadsiding
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.060
0.150
0.180
0.225
0.300
1.333
Page 17
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.067
0.314
0.167
0.200
0.250
0.333
0.45
6.05
1.25
2.67
3.32
26.25
10.09
0.55
2.57
1.37
1.64
2.05
2.73
29.96
10.02
3.74
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Tot. Cash
Expenses
Times
30.96
8.62
12.63
4.30
9.11
28.98
1.0
13.0
1.0
6.0
6.0
6.0
30.96
112.05
12.63
25.83
54.67
173.87
10.09
24.07
24.07
Class
G
G
G
H
H
H
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
444.18
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)
0.00
Growing (G)
155.64
Harvest (H)
254.37
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
34.16
=============
Total (T)
$444.18
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
7.1
8.6
9.5
10.4
11.9
141.78
206.97
250.43
293.89
359.09
245.13
330.99
388.23
445.47
531.33
314.02
413.67
480.09
546.52
646.16
382.92
496.34
571.96
647.57
761.00
486.27
620.36
709.76
799.15
933.24
4.03
3.06
2.63
2.31
1.96
52.63
48.32
46.16
44.40
42.29
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 2
Table 4D. Resource and Cash Flow Requirements; Alfalfa Hay, 1998
COUNTY:Greenlee
CROP:
Alfalfa Hay
AREA:
Duncan Valley
Month *
Number
Irrigations
MAR C
1.0
APR C
2.0
MAY C
2.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
2.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Total
%
13.0
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
9.5 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
6.0
12.0
12.0
12.0
12.0
12.0
12.0
78.0
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.38
1.58
1.41
1.41
1.41
1.41
1.41
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
6.50
45.58
44.34
44.34
44.34
44.34
44.34
10.09
9.01
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
22.0
Total P
104.0
Total K
0.0
Total Labor
9.0
Total Water
78.0
Page 18
283.86
63.91
3.12
12.92
11.55
11.55
11.55
11.55
11.55
73.81
16.62
29.96
10.02
39.98
9.00
24.07
39.58
72.26
59.63
59.63
59.63
59.63
59.63
10.09
24.07
24.07
5.42
444.18
100.00
3.74
3.74
3.74
3.74
3.74
3.74
22.46
5.06
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
21.0 Gal
Unleaded Gas
4.0 Gal
Nat Gas/Pumping
168.5 Therms
All Direct Energy
20.3 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
1.80 Hr
Pickup Truck, 1/2 Ton
1.33 Hr
Windrower, 14.0', HS, SC
1.08 Hr
Baler, 2 Wire Auto PTO
Saddle Tk Sprayer, 2 Tk 8
1.35 Hr
0.15 Hr
Fertilizer Broadcaster,
Tractor, 100 PTO HP,
0.06 Hr
1.56 Hr
MATERIALS REQUIREMENT ( per Acre)
11-52-00, Dry
200.00 Lb
Water, Pump
78.00 AI
Baling Twine (6500')
3.24 TF
Carbofuran
1.00 Pt
Irrigators
4.08 Hr
Tractor
1.73 Hr
LABOR REQUIREMENT ( per Acre)
Harvest
3.20 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 2
Table 4E. Schedule of Operations; Alfalfa Hay, 1998
COUNTY:Greenlee
CROP:
Alfalfa Hay
AREA:
Duncan Valley
First
No.MonthTimes
1
2
3
4
5
6
Mar
Mar
Apr
May
May
May
1.0
13.0
1.0
6.0
6.0
6.0
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
9.5 Tn / Acre
Operation
Apply Fert/Ground
Irrigate
Apply Insect./Ground
Swathing
Baling
Roadsiding
Pickup use 40 Mi/Ac
Page 19
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
100 Fertilizer Broadcaster,
100 Saddle Tk Sprayer, 2 Tk 8
Windrower, 14.0', HS, SC
100 Baler, 2 Wire Auto PTO
Bale Wagon, SP PRC
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
15.00
3.18
6.00
5.00
4.00
3.00
0.75
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
11-52-00, Dry
Water, Pump
Carbofuran
Baling Twine (6500')
200.00 Lb 284.00 Tn
6.00 AI 12.10 AF
1.00 Pt 75.95 Ga
0.54 TF
6.57 TF
Labor
Type
Tractor
Irrigators
Tractor
Harvest
Tractor
Harvest
*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 9 / 2