Table 7A. Income and Cash Operating Summary; Upland Cotton, 1998
COUNTY: Greenlee
CROP:
Cotton, Upland
AREA:
Duncan Valley
INCOME ⇒
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
843.0 Lb / Acre
Page 30
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Item
Unit
Quantity
Price/
Unit
Lint
Cottonseed
Pound
Ton
843.00
0.75
$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
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
Budgeted
/Acre
$573.24
$100.20
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.
Total
/Acre
Your Farm
Budget
$673.44
____________
____________
93.73
____________
____________
____________
____________
197.09
____________
____________
____________
____________
____________
47.99
____________
____________
____________
____________
____________
____________
51.00
27.30
15.43
139.98
17.67
3.95
35.49
18.98
29.02
48.39
42.81
5.57
19.72
13.71
6.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-------------406.91
____________
____________
____________
____________
23.47
____________
____________
____________
9.02
____________
____________
69.13
____________
____________
____________
7.89
73.14
4.72
0.01
-------------187.39
15.14
26.52
____________
____________
____________
____________
=============
===================
10.92
12.56
9.02
10.31
58.82
$635.95
$37.49
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 187
Table 7B. Allocations of Ownership Costs; Upland Cotton, 1998
COUNTY:Greenlee
CROP:
Cotton, Upland
AREA:
Duncan Valley
FARM: Greenlee County 98
WATER SOURCE:
Duncan East, Nat Gas
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
843.0 Lb / Acre PREVIOUS CROP:
Wheat, Winter
Item
TOTAL INCOME at
Page 31
$0.68 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$673.44
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$673.44
$635.95
$635.95
$37.49
12.18
3.31
31.80
19.08
-------------66.36
$37.49
12.18
3.31
31.80
19.08
-------------66.36
702.31
702.31
($28.87)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($28.87)
85.28
33.99
39.36
8.73
-------------167.36
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($28.87)
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 ---------------------------------------->
($34.31)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------71.80
50.88
-------------314.03
=============
=============
TOTAL COST
$707.75
$949.98
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($34.31)
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
($196.23)
$0.64
$0.09
$0.72
($225.67)
($276.54)
$0.64
$0.37
$1.01
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 187
Table 7C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:Greenlee
CROP:
Cotton, Upland
AREA:
Duncan Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Jan
Jan
Jan
Feb
Feb
Feb
Mar
Mar
Mar
Mar
Apr
Apr
Apr
Apr
May
May
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Sep
Oct
Oct
Oct
Oct
Oct
Nov
Dec
Dec
Dec
Jan
Jan
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
843.0 Lb / Acre
Disk
Plow
Rip
Laser Level
Landplane
Apply Fert/Ground
Apply Herb. & Incorporate
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
Remove Cap
Cultivate
Irrigate
Hand Weeding
Apply Fert/Ground
Cultivate
Apply Fert/Inject
Field Scouting
Cultivate
Apply Insecticide/Air
Apply Growth Regulator
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Haul, Custom .2 Mu
Cotton Ginning 24.8 Cs
Cotton, Second Pick 24.8
Cotton, Rood 24.8 Cs
Cotton Classing 1.7 Ba
Crop Assessment 1.7 Ba
Cut Stalks 1.7 Ba
Disk Residue 1.7 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.180
0.600
0.600
0.900
0.450
0.150
0.150
0.180
0.030
0.030
0.300
0.225
0.150
0.450
0.150
0.300
0.300
0.200
0.667
0.667
1.000
0.500
0.167
0.167
0.200
0.033
0.630
0.033
0.333
0.250
0.167
0.500
0.314
1.667
0.167
0.333
0.333
Page 32
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
1.76
5.99
5.02
7.02
3.82
1.90
1.61
1.54
0.22
12.10
0.29
3.01
2.87
1.06
4.01
6.05
1.35
2.67
3.29
1.64
5.46
5.46
8.19
4.09
1.37
1.37
1.64
0.27
5.16
0.27
2.73
2.05
1.37
4.09
2.57
13.65
1.37
2.73
2.73
31.74
3.95
13.71
42.09
33.07
6.00
0.225
0.900
0.450
0.600
0.300
0.250
1.000
0.500
0.667
0.333
2.01
36.55
6.12
24.37
3.37
2.05
4.23
4.75
4.75
27.65
16.53
4.27
5.79
73.14
0.01
8.19
4.09
5.46
2.73
2.11
4.72
0.450
0.180
2.000
0.500
0.200
3.60
1.76
15.14
4.09
1.64
3.40
11.45
10.48
15.21
7.92
35.00
6.92
3.17
0.49
17.26
0.56
5.74
18.63
2.43
8.11
8.62
13.65
44.81
5.40
39.09
6.00
4.05
31.88
21.28
9.02
44.74
10.21
5.79
73.14
29.83
6.10
2.11
4.72
7.69
3.40
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Times
2.0
0.5
0.5
0.3
0.7
1.0
1.0
1.0
3.0
1.0
4.0
1.0
1.0
1.0
1.0
6.0
2.0
1.0
1.0
2.0
1.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
26.52
Tot. Cash
Expenses
6.80
5.72
5.24
4.56
5.54
35.00
6.92
3.17
1.47
17.26
2.25
5.74
18.63
2.43
8.11
51.72
27.30
44.81
5.40
78.18
6.00
8.11
31.88
21.28
9.02
44.74
10.21
5.79
73.14
23.86
6.10
2.11
4.72
7.69
3.40
15.14
26.52
Class
L
L
L
L
L
G
G
L
G
G
G
L
L
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
P
H
H
M
M
P
L
=============
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.
635.95
T
Table 7C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:Greenlee
CROP:
Cotton, Upland
AREA:
Duncan Valley
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
843.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
58.81
Growing (G)
Harvest (H)
Post Harvest (P)
Marketing (M)
Operating Overhead (O)
348.10
99.72
80.84
6.83
41.66
=============
Total (T)
$635.95
Page 33
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
- 25%
- 10%
Budgeted
+ 10%
+ 25%
632.3
758.7
843.0
927.3
1,053.8
Break-even Yield
$0.51
$0.61
$0.68
$0.75
$0.85 Break-even Price
-265.06
-228.68
-204.43
-180.17
-143.79
-200.57
-151.29
-118.44
-85.59
-36.31
-157.58
-99.70
-61.12
-22.53
35.35
-114.59
-48.11
-3.79
40.53
107.00
-50.10
29.28
82.19
135.11
214.49
1,553.51 1,146.91
976.52
850.21
712.06
0.93
0.81
0.75
0.70
0.65
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 187
Table 7D. Resource and Cash Flow Requirements; Upland Cotton, 1998
COUNTY:Greenlee
CROP:
Cotton, Upland
AREA:
Duncan Valley
Number
Irrigations
Month *
JAN C
FEB C
MAR C
1.0
APR C
MAY C
1.0
JUN C
1.0
JUL C
2.0
AUG C
2.0
SEP C
OCT C
NOV C
DEC C
JAN N
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Total
%
7.0
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
843.0 Lb / Acre
Water
Applied
(inches)
12.0
6.0
6.0
12.0
12.0
Total
Labor (Hrs)
1.07
0.82
1.03
0.78
0.81
1.46
2.94
2.30
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
9.02
6.68
15.46
7.23
10.06
15.87
17.90
12.10
0.83
1.03
0.53
0.70
48.0
17.37
37.77
10.68
5.36
15.14
14.31
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
215.8
Total P
89.6
Total K
0.0
Total Labor
14.3
Total Water
48.0
EQUIPMENT REQUIREMENTS ( per Acre)
Cotton Picker, 2 Row
1.38 Hr
Fertilizer Injector, 4 Row
0.60 Hr
Module Builder
0.45 Hr
V-Ripper, 5 Shnk
0.30 Hr
Pickup Truck, 1/2 Ton
2.00 Hr
Rood, 3 Row W/Basket
0.30 Hr
Saddle Tk Sprayer, 2 Tk 8
0.15 Hr
Tandem Disk, 12'
0.15 Hr
MATERIALS REQUIREMENT ( per Acre)
16-20-00, Dry
250.00 Lb
Chlorpyrifos
2.00 Pt
Module Tarps
0.10 C
Trifluralin
1.20 Pt
LABOR REQUIREMENT ( per Acre)
Hand Weeders
3.33 Hr
Tractor
7.56 Hr
Page 34
180.65
28.41
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
8.74
17.76
6.69
31.74
45.11
8.43
3.95
27.84
6.41
13.71
27.36
6.67
16.72
11.98
75.17
6.00
109.02
24.11
60.72
4.23
106.96
18.79
30.89
16.53
4.75
21.28
6.82
4.27
0.00
20.54
49.00
8.46
0.00
55.25
101.48
4.37
0.00
14.72
29.77
5.73
11.09
15.14
26.52
26.52
117.20
18.43
192.38
30.25
13.72
2.16
132.01
20.76
635.95
100.00
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
38.4 Gal
Unleaded Gas
6.0 Gal
Nat Gas/Pumping
103.7 Therms
All Direct Energy
16.5 M BTU
Directed Spray Rig, 16
Fertilizer Spreader, 28'
Laser, Complete System
Moldboard Plow, 3-16 2
Planter, Drill Type, 4 Row
Rotary Stalk Cutter, 2 Row
Section Harrow, 3 Section
Tractor, 100 PTO HP,
18-06-00, Lqd
Ethephon
Paraquat
Upland Cotton Sd+Fung
Harvest
0.15
0.15
0.27
0.30
0.22
0.45
0.15
6.24
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Drag Scraper, 10'
Landplane 12'X 45'
Lister, 5 Bottom
Offset Disk, 12'
Power Mulcher, 4 Rw
Rowbuck, 10'
Sled Cultivator, 4Rw
60.00
1.00
0.25
20.00
Ga
Qt
Pt
Lb
20-0-0-40, Nitro-Sul
Mepiquat Chloride
Sodium Chlorate
Water, Pump
1.53 Hr
Irrigators
0.27
0.31
0.18
0.66
0.30
0.09
1.20
Hr
Hr
Hr
Hr
Hr
Hr
Hr
30.00
1.00
2.00
48.00
Ga
Pt
Ga
AI
1.88 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 / 187
Table 7E. Schedule of Operations; Upland Cotton, 1998
COUNTY:Greenlee
CROP:
Cotton, Upland
AREA:
Duncan Valley
First
No.MonthTimes
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
843.0 Lb / Acre
Operation
Disk
Plow
Rip
Laser Level
Jan
Jan
Jan
Feb
2.0
0.5
0.5
0.3
5
6
7
Feb
Feb
Mar
0.7 Landplane
1.0 Apply Fert/Ground
1.0 Apply Herb. &
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Mar
Mar
Mar
Apr
Apr
Apr
Apr
May
May
Jun
Jun
Jun
Jun
Jun
Jun
Jul
1.0
3.0
1.0
4.0
1.0
1.0
1.0
1.0
6.0
2.0
1.0
1.0
2.0
1.0
2.0
1.0
24
25
Sep
Oct
1.0 Apply Growth RegulatorCST Air Spray, 5 Gal Mix
1.0 Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
26
27
28
29
30
31
32
33
34
35
Oct
Oct
Oct
Oct
Nov
Dec
Dec
Dec
Jan
Jan
1.0
1.0
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
List
Buck Rows
Preirrigate
Disk Ends
Mulch
Plant
Remove Cap
Cultivate
Irrigate
Hand Weeding
Apply Fert/Ground
Cultivate
Apply Fert/Inject
Field Scouting
Cultivate
Apply Insecticide/Air
Cotton, First Pick
Cotton, Make Modules
Haul, Custom
Cotton Ginning
Cotton, Second Pick
Cotton, Rood
Cotton Classing
Crop Assessment
Cut Stalks
Disk Residue
Pickup use 60 Mi/Ac
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
Page 35
100 Offset Disk, 12'
100 Moldboard Plow, 3-16 2
100 V-Ripper, 5 Shnk
100 Drag Scraper, 10'
Laser, Complete System
100 Landplane 12'X 45'
100 Fertilizer Spreader, 28'
100 Saddle Tk Sprayer, 2 Tk 8
Tandem Disk, 12'
100 Lister, 5 Bottom
100 Rowbuck, 10'
100 Offset Disk, 12'
100 Power Mulcher, 4 Rw
100 Planter, Drill Type, 4 Row
100 Section Harrow, 3 Section
100 Sled Cultivator, 4Rw
100 Directed Spray Rig, 16
100 Sled Cultivator, 4Rw
100 Fertilizer Injector, 4 Row
CST Scout For Insects
100 Sled Cultivator, 4Rw
CST Air Spray, 3 Gal Mix
Cotton Picker, 2 Row
100 Module Builder
CST Haul Cotton Modules
CST Gin Upland Cotton
Cotton Picker, 2 Row
100 Rood, 3 Row W/Basket
CST Class Cotton, HVI
CST Upland (High Elev)
100 Rotary Stalk Cutter, 2 Row
100 Offset Disk, 12'
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
5.00
1.50
1.50
1.00
Tractor
Tractor
Tractor
Tractor
2.00
6.00 16-20-00, Dry
6.00 Trifluralin
5.00
30.00
1.59
30.00
3.00
4.00
6.00
2.00
3.18
0.60
6.00
3.00
3.00
Labor
Type
Water, Pump
12.00 AI
12.10 AF
Upland Cotton Sd+Fung 20.00 Lb
0.65 Lb
Water, Pump
Tractor
Tractor
Tractor
250.00 Lb 240.67 Tn
1.20 Pt 24.95 Ga
6.00 AI
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Hand
Tractor
Tractor
Tractor
12.10 AF
20-0-0-40, Nitro-Sul
30.00 Ga 280.00 Tn
18-06-00, Lqd
30.00 Ga 190.00 Tn
6.00 Ac
4.00
Tractor
Chlorpyrifos
Mepiquat Chloride
Ethephon
Sodium Chlorate
Paraquat
2.00
1.00
1.00
2.00
0.25
Pt 50.95 Ga
Pt 107.75 Ga
Qt 62.67 Ga
Ga
1.40 Ga
Pt 40.00 Ga
4.23 Ac
4.75 Ac
4.75 Ac
1.00
2.00
Harvest
Tractor
Module Tarps
0.10 C
0.05 CW
35.00Mu
2.95 Cs
1.50
3.00
Harvest
Tractor
1.25 Ba
2.80 Ba
2.00
5.00
0.50
Tractor
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 / 187