Table 5A. Income and Cash Operating Summary; Corn, 1998
COUNTY: Greenlee
CROP:
Corn Grain
AREA:
Duncan Valley
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
7,800.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 20
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Quantity
7,800.00
Price/
Unit
$0.06
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Other/ Contract
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Budgeted
/Acre
$475.80
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Total
/Acre
Your Farm
Budget
$475.80
____________
43.46
____________
____________
____________
____________
301.14
____________
____________
____________
____________
25.11
____________
____________
____________
36.29
____________
____________
____________
31.73
____________
____________
19.82
21.76
1.88
166.52
58.34
76.29
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
9.14
15.96
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
32.11
4.18
Other Purchased Inputs &
Seed/Transplants
31.73
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------437.73
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
1.57
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.65
0.92
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
1.57
____________
____________
1.56
____________
____________
____________
97.50
-------------100.64
____________
12.62
21.54
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$572.52
($96.72)
____________
===================
____________
____________
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 / 21
Table 5B. Allocations of Ownership Costs; Corn, 1998
COUNTY:Greenlee
CROP:
Corn Grain
AREA:
Duncan Valley
FARM: Greenlee County 98
WATER SOURCE:
Duncan East, Nat Gas
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
7,800.0 Lb / Acre PREVIOUS CROP:
Watermelons
Item
TOTAL INCOME at
Page 21
$0.06 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$475.80
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$475.80
$572.52
$572.52
($96.72)
2.95
2.48
28.63
17.18
-------------51.23
($96.72)
2.95
2.48
28.63
17.18
-------------51.23
623.75
623.75
($147.95)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($147.95)
16.76
25.49
8.74
6.55
-------------57.54
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($147.95)
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 ---------------------------------------->
($153.39)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------56.67
45.80
-------------184.01
=============
=============
TOTAL COST
$629.19
$756.53
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($153.39)
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
($205.49)
$0.07
$0.01
$0.08
($234.93)
($280.73)
$0.07
$0.02
$0.10
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 21
Table 5C. Variable Operating Costs; Corn, 1998
COUNTY:Greenlee
CROP:
Corn Grain
AREA:
Duncan Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Jan
Feb
Feb
Mar
Mar
Mar
Mar
Mar
Apr
Apr
Apr
Apr
Apr
Apr
Jun
Jun
Jun
Jul
Aug
Sep
Sep
Sep
Sep
Oct
Page 22
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
7,800.0 Lb / Acre
---- Hours * ---Machine Labor
Plow
Disk
Landplane
Apply Herb. & Incorporate
Apply Fert/Ground
List
Buck Rows
Preirrigate
Apply Fert/Ground
Disk Ends
Mulch
Plant
Remove Cap
Apply Fert/Ground
Irrigate
Cultivate
Irrigate/Run Fertilizer
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Field Transport
Drying 80 CW
Haul, Custom 80 CW
Disk Residue 80 CW
Pickup Use50 Mi/Acre
Operating Interest at 10.0
0.360
0.180
0.225
0.129
0.075
0.180
0.022
0.150
0.022
0.150
0.180
0.090
0.129
0.125
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.400
0.200
0.250
0.143
0.083
0.200
0.050
0.704
0.167
0.025
0.167
0.400
0.100
0.143
0.279
0.125
0.279
5.28
2.78
1.91
1.74
0.56
1.54
0.16
8.06
1.90
0.24
1.06
2.30
0.63
1.59
4.03
1.10
4.03
3.28
1.64
2.05
1.17
0.68
1.64
0.38
5.76
1.37
0.20
1.37
3.00
0.82
1.17
2.28
1.02
2.28
76.29
29.96
40.67
54.73
70.65
4.23
0.022
0.025
0.24
0.20
0.150
0.167
1.33
1.37
65.50
12.00
20.00
0.129
1.667
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
0.143
1.99
12.62
1.17
25.23
13.44
Tot. Cash
Expenses
Times
8.56
4.42
3.96
79.20
31.20
3.17
0.54
13.83
43.93
0.44
2.43
60.03
1.45
73.42
6.32
2.12
31.55
17.67
0.44
65.50
2.69
12.00
20.00
3.16
1.0
1.0
1.0
1.0
1.0
1.0
3.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
6.0
1.0
1.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
8.56
4.42
3.96
79.20
31.20
3.17
1.61
13.83
43.93
0.44
2.43
60.03
1.45
73.42
37.90
2.12
31.55
35.34
0.44
65.50
2.69
12.00
20.00
3.16
12.62
21.54
21.54
Class
L
L
L
G
G
L
G
G
G
G
L
L
G
G
G
G
G
G
H
H
H
P
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
572.52
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)
85.73
Growing (G)
352.00
Harvest (H)
88.64
Post Harvest (P)
12.00
Marketing (M)
0.00
Operating Overhead (O)
34.16
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.05
$0.05
$0.06
$0.07
$0.08 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
5,850.0
7,020.0
7,800.0
8,580.0
-279.40
-240.97
-215.35
-189.73
-225.88
-176.74
-143.98
-111.22
-190.19
-133.92
-96.40
-58.89
-154.51
-91.10
-48.82
-6.55
-100.98
-26.86
22.55
71.96
14,356.0 11,228.3
9,804.28
8,700.80
7,444.05
0.09
0.08
0.07
0.07
$572.52
Break-even Yield
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 21
Table 5D. Resource and Cash Flow Requirements; Corn, 1998
COUNTY:Greenlee
CROP:
Corn Grain
AREA:
Duncan Valley
Month *
Number
Irrigations
JAN C
FEB C
MAR C
1.0
APR C
MAY C
JUN C
3.0
JUL C
2.0
AUG C
1.0
SEP C
1.0
OCT C
NOV C
Pickup Use50 Mi/Acre
Operating Interest at 10.0
Total
%
8.0
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
7,800.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
8.0
12.0
8.0
4.0
4.0
36.0
Page 23
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.40
0.45
1.18
0.47
0.58
0.96
0.56
0.35
0.30
0.19
0.10
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
5.28
4.70
12.07
3.80
4.08
13.19
8.06
4.43
4.16
1.79
1.39
12.62
5.54
3.28
3.68
9.63
3.71
4.60
7.88
4.57
2.86
2.42
1.58
0.82
75.58
13.20
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
496.2
Total P
104.0
Total K
0.0
Total Labor
5.5
Total Water
36.0
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
45.03
7.87
106.25
68.77
65.56
25.23
26.88
21.54
8.56
8.38
127.95
85.80
96.44
46.30
47.97
7.30
22.59
84.87
2.21
12.62
21.54
127.50
22.27
572.52
100.00
9.52
22.21
8.46
16.00
81.50
292.68
51.12
31.73
5.54
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
12.8 Gal
Unleaded Gas
5.0 Gal
Nat Gas/Pumping
77.8 Therms
All Direct Energy
10.2 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Dbl. Offset Disk, 16'
0.13 Hr
Fertilizer Spreader, 28'
0.15 Hr
Lister, 5 Bottom
0.18 Hr
Pickup Truck, 1/2 Ton
1.67 Hr
Rowbuck, 10'
0.07 Hr
Tractor, 100 PTO HP,
1.69 Hr
Fertilizer Broadcaster,
Grain Cart, 400 BU
Moldboard Plow, 4-16 2
Planter, Drill Type, 4 Row
Saddle Tk Sprayer, 2 Tk 8
Tractor, 125 PTO HP
MATERIALS REQUIREMENT ( per Acre)
11-52-00, Dry
200.00 Lb
Chlorpyrifos
4.00 Pt
Field Corn Sd
32.00 Th
32-00-00, URAN 32, Lqd
Cyanazine
Phorate
LABOR REQUIREMENT ( per Acre)
Irrigators
2.66 Hr
Other
0.08
0.15
0.36
0.18
0.13
0.67
Hr
Hr
Hr
Hr
Hr
Hr
95.00 Ga
1.00 Qt
10.00 Lb
0.28 Hr
Fertilizer Injector, 6 Row
Landplane 12'X 45'
Offset Disk, 16.5'
Rolling Cultivator, 6 Rw
Section Harrow, 3 Section
46-00-00, Urea 46
Dicamba
Water, Pump
Tractor
0.13
0.22
0.35
0.13
0.24
Hr
Hr
Hr
Hr
Hr
300.00 Lb
5.00 Pt
36.00 AI
2.61 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 / 21
Table 5E. Schedule of Operations; Corn, 1998
COUNTY:Greenlee
CROP:
Corn Grain
AREA:
Duncan Valley
First
No.MonthTimes
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
7,800.0 Lb / Acre
Operation
Plow
Disk
Landplane
Apply Herb. &
Page 24
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
Jan
Feb
Feb
Mar
1.0
1.0
1.0
1.0
5
6
7
Mar
Mar
Mar
1.0 Apply Fert/Ground
1.0 List
3.0 Buck Rows
125 Moldboard Plow, 4-16 2
125 Offset Disk, 16.5'
100 Landplane 12'X 45'
100 Dbl. Offset Disk, 16'
Saddle Tk Sprayer, 2 Tk 8 Row
100 Fertilizer Broadcaster,
100 Lister, 5 Bottom
100 Rowbuck, 10'
8
9
10
11
12
Mar
Apr
Apr
Apr
Apr
1.0
1.0
1.0
1.0
1.0
Preirrigate
Apply Fert/Ground
Disk Ends
Mulch
Plant
100 Fertilizer Spreader, 28'
100 Offset Disk, 16.5'
100 Section Harrow, 3 Section
100 Planter, Drill Type, 4 Row
13
14
15
16
17
Apr
Apr
Jun
Jun
Jun
1.0
1.0
6.0
1.0
1.0
Remove Cap
Apply Fert/Ground
Irrigate
Cultivate
Irrigate/Run Fertilizer
100 Section Harrow, 3 Section
100 Fertilizer Injector, 6 Row
18
19
20
21
22
23
24
Jul
Aug
Sep
Sep
Sep
Sep
Oct
2.0
1.0
1.0
1.0
1.0
1.0
1.0
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Field Transport
Drying
Haul, Custom
Disk Residue
Pickup use 50 Mi/Ac
CST Air Spray, 3 Gal Mix
100 Offset Disk, 16.5'
CST Combine Wheat
100 Grain Cart, 400 BU
CST Dry Corn
CST Haul Grain
125 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
100 Rolling Cultivator, 6 Rw
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
2.50
5.00
4.00
7.00 Dicamba
Cyanazine
12.00 11-52-00, Dry
5.00
40.00
1.42 Water, Pump
6.00 46-00-00, Urea 46
40.00
6.00
5.00 Field Corn Sd
Phorate
10.00
7.00 32-00-00, URAN 32,
3.58 Water, Pump
8.00
3.58 Water, Pump
32-00-00, URAN 32,
Chlorpyrifos
40.00
Tractor
Tractor
Tractor
Tractor
5.00 Pt 103.50 Ga
1.00 Qt 30.50 Ga
200.00 Lb 284.00 Tn
Tractor
Tractor
Tractor
Other
Irrigators
Tractor
Tractor
Tractor
Tractor
8.00 AI 12.10 AF
300.00 Lb 257.00 Tn
32.00 Th
10.00 Lb
0.94 Th
2.18 Lb
Other
Tractor
Tractor
Irrigators
Tractor
Irrigators
70.00 Ga 173.00 Tn
4.00 AI 12.10 AF
4.00 AI 12.10 AF
25.00 Ga 173.00 Tn
2.00 Pt 50.95 Ga
Labor
Type
4.23 Ac
Tractor
37.50 Ac
6.00
Tractor
0.15 C
0.25 C
7.00
0.60
Tractor
*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 / 21