Table 8A. Income and Cash Operating Summary; Wheat, 1998
COUNTY: Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
4,500.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 36
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
4,500.00
Price/
Unit
$0.06
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Other/ Contract
Budgeted
/Acre
$261.45
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Total
/Acre
Your Farm
Budget
$261.45
____________
41.92
____________
____________
____________
____________
63.24
____________
____________
____________
21.27
____________
____________
____________
46.37
____________
____________
____________
29.54
____________
____________
19.95
19.70
2.27
Chemicals and Custom Applications
Fertilizer
Insecticide
58.42
4.82
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
8.25
13.02
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
41.03
5.34
Other Purchased Inputs &
Seed/Transplants
29.54
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------202.35
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
0.27
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.11
0.18
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
0.27
____________
____________
0.29
____________
____________
____________
64.50
-------------65.06
____________
7.57
7.20
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$282.18
($20.73)
____________
===================
____________
____________
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 / 214
Table 8B. Allocations of Ownership Costs; Wheat, 1998
COUNTY:Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
Item
TOTAL INCOME at
Page 37
FARM: Greenlee County 98
WATER SOURCE:
Duncan East, Nat Gas
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
4,500.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.06 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$261.45
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$261.45
$282.18
$282.18
($20.73)
2.64
3.17
14.11
8.47
-------------28.39
($20.73)
2.64
3.17
14.11
8.47
-------------28.39
310.57
310.57
($49.12)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($49.12)
14.44
32.57
6.51
8.37
-------------61.89
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($49.12)
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 ---------------------------------------->
($54.56)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------33.82
22.57
-------------142.28
=============
=============
TOTAL COST
$316.01
$424.47
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($54.56)
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
($111.01)
$0.06
$0.01
$0.07
($140.44)
($163.02)
$0.06
$0.03
$0.09
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 214
Table 8C. Variable Operating Costs; Wheat, 1998
COUNTY:Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Nov
Nov
Dec
Jan
Jan
Jan
Jan
Mar
Mar
May
Jul
Jul
Jul
Jul
Page 38
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
4,500.0 Lb / Acre
---- Hours * ---Machine Labor
Disk
Plow
Landplane
List
Plant
Buck Rows
Irrigate
Apply Fert/Ground
Irrigate
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Haul, Custom 45 CW
Disk Residue 45 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.180
0.600
0.257
0.225
0.300
0.030
0.060
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.200
0.667
0.286
0.250
0.666
0.033
0.314
0.067
0.209
1.76
5.99
2.18
1.92
3.47
0.22
6.05
0.45
4.03
1.64
5.46
2.34
2.05
5.00
0.27
2.57
0.55
1.71
0.033
0.29
0.27
67.63
20.34
4.58
0.030
53.25
11.25
0.180
1.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
0.200
1.76
7.57
1.64
11.50
Tot. Cash
Expenses
Times
3.40
11.45
4.53
3.97
76.10
0.49
8.62
21.33
5.74
16.08
0.56
53.25
11.25
3.40
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
6.80
11.45
4.53
3.97
76.10
0.49
43.10
21.33
22.97
4.82
0.56
53.25
11.25
6.80
7.57
7.20
7.20
Class
L
L
L
L
L
G
G
G
G
G
H
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
282.18
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)
109.63
Growing (G)
92.72
Harvest (H)
65.06
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
14.77
=============
Total (T)
$282.18
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.04
$0.05
$0.06
$0.06
$0.07 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
3,375.0
4,050.0
4,500.0
4,950.0
5,625.0
Break-even Yield
-118.88
-99.23
-86.12
-73.02
-53.37
-89.47
-63.93
-46.91
-29.88
-4.35
-69.86
-40.40
-20.76
-1.12
28.33
-50.25
-16.87
5.38
27.64
61.02
-20.84
18.43
44.60
70.77
110.04
7,457.95 5,739.91
4,975.75
4,391.16
3,733.23
0.08
0.07
0.06
0.06
0.05
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 9 / 214
Table 8D. Resource and Cash Flow Requirements; Wheat, 1998
COUNTY:Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
Month *
Number
Irrigations
NOV P
DEC P
JAN C
2.0
MAR C
2.0
APR C
2.0
MAY C
2.0
JUN C
1.0
JUL C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Total
%
9.0
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
4,500.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
12.0
8.0
10.0
12.0
4.0
46.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.07
0.29
1.58
0.49
0.52
0.63
0.21
0.43
5.21
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/4/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
9.51
2.18
17.71
8.51
10.08
12.10
4.03
3.81
7.57
75.51
26.76
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
117.0
Total P
60.0
Total K
0.0
Total Labor
5.2
Total Water
46.0
EQUIPMENT REQUIREMENTS ( per Acre)
Fertilizer Broadcaster,
0.06 Hr
Lister, 5 Bottom
0.22 Hr
Pickup Truck, 1/2 Ton
1.00 Hr
Tractor, 100 PTO HP,
2.22 Hr
Page 39
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
8.74
2.34
12.46
3.97
4.28
5.14
1.71
3.55
42.19
14.95
38.09
20.34
7.20
18.24
4.53
97.80
32.82
14.36
22.06
5.74
71.86
7.57
7.20
73.07
25.89
282.18
100.00
29.54
3.45
1.37
67.71
61.87
21.93
29.54
10.47
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
11.0 Gal
Unleaded Gas
3.0 Gal
Nat Gas/Pumping
99.4 Therms
All Direct Energy
11.8 M BTU
Grain Drill 12' W/Fert Box
Moldboard Plow, 3-16 2
Rowbuck, 10'
MATERIALS REQUIREMENT ( per Acre)
16-20-00, Dry
300.00 Lb
Phorate
1.50 Lb
46-00-00, Urea 46
Water, Pump
LABOR REQUIREMENT ( per Acre)
Irrigators
2.41 Hr
Other
0.30 Hr
0.60 Hr
0.03 Hr
150.00 Lb
46.00 AI
0.33 Hr
Landplane 12'X 45'
Offset Disk, 12'
Saddle Tk Sprayer, 2 Tk 8
Milling Wheat Sd, Cert
Tractor
0.26 Hr
0.75 Hr
0.00 Hr
200.00 Lb
2.47 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 / 214
Table 8E. Schedule of Operations; Wheat, 1998
COUNTY:Greenlee
CROP:
Wheat, Winter
AREA:
Duncan Valley
First
No.Month Times
FARM: Greenlee County 98
ACRES:
1.0
YIELD:
4,500.0 Lb / Acre
Operation
Page 40
WATER SOURCE:
Duncan East, Nat Gas
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
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
100 Offset Disk, 12'
100 Moldboard Plow, 3-16 2
100 Landplane 12'X 45'
100 Lister, 5 Bottom
100 Grain Drill 12' W/Fert Box
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
Irrigate
Apply Fert/Ground
Irrigate
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Haul, Custom
Disk Residue
Pickup use 30 Mi/Ac
100 Rowbuck, 10'
100 Fertilizer Broadcaster,
CST Air Apply Granules 50lbs
100 Offset Disk, 12'
CST Combine Wheat
CST Haul Grain
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
3.50
4.00
3.00 Milling Wheat Sd, Cert
16-20-00, Dry
30.00
3.18 Water, Pump
15.00 46-00-00, Urea 46
4.78 Water, Pump
Phorate
30.00
200.00 Lb 14.00 CW
300.00 Lb 240.67 Tn
6.00
150.00
4.00
5.00
AI 12.10 AF
Lb 257.00 Tn
AI 12.10 AF
Lb
2.18 Lb
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Other
Tractor
Irrigators
Tractor
Irrigators
4.58 Ac
Tractor
37.50 Ac
0.25 C
5.00
1.00
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 / 214