Table 14A. Income and Cash Operating Cost Summary, Wheat, Salome/Vicksburg, 1996
COUNTY: La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,800.0 Lb/Acre
Item
INCOME ->
Grain
Page
WATER SOURCE:
McMulN
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Sandy Loam
DATE:
10/02/96
Unit
Quantity
Price
/Unit
Budgeted
/Acre
Total
/Acre
Pound
5,800.00
$0.0581
$336.98
$336.98
____________
34.28
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals & Custom Applications
Fertilizers
Insecticides
Herbicides
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation (excluding labor)
Natural Gas/Pumping
Repairs & Maint.
Other Purchased Inputs & Services
Seed/Transplants
15.92
18.36
78.49
60.67
13.52
4.30
22.66
9.90
12.76
153.07
131.13
21.94
18.90
18.90
_________
307.39
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
8.0%
65
1.05
Your Farm
Budget
____________
____________
____________
52.30
_________
54.29
____________
____________
____________
____________
____________
____________
____________
____________
9.19
3.75
=========
$374.62
(
$37.64)
____________
____________
============
____________
____________
1.05
0.94
0.54
0.40
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
——————————————————————————————————————————————————————————————
Notes: The above figures do not include ownership costs, see Table 14B on Next Page for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F16/29
Table 14B. Allocation of Ownership Costs; Wheat, Salome/Vicksburg, 1996
COUNTY: La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,800.0 Lb/Acre
Page
WATER SOURCE:
McMulN
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.0581/Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
66
TILLAGE: Conventional
SOIL:
Sandy Loam
DATE:
10/02/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$336.98
|
374.62
(
$37.64)
|
(
$37.64)
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
2.77
|
2.77
Wells & Irrig. System
9.66
|
9.66
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
18.73
|
18.73
General Farm Maint. ( 3% of Tot. Oper. Exp.)
11.24
|
11.24
________
|
________
Total Cash Overhead Expenses
42.40
|
42.40
|
Total Cash Oper. & Over. Cost
417.02
|
417.02
RETURNS OVER CASH OPER. & OVER. EXPENSES.
(
80.04)
|
(
80.04)
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
15.60
Wells & Irrig. System
|
41.16
Interest on Equity, Machinery & Vehicles
|
7.00
Wells & Irrig. System
|
20.13
|
________
Total Capital Allocations
|
83.88
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ——————————————————————————>(
80.04)
|
RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————>(
163.93)
__________
|
__________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($350 X 16% X .11487)
6.43
|
6.43
Opport. Inter. on Land (100% X 6.0% X $350)
|
21.00
—————
|
—————
Total Land Costs
6.43
|
27.43
RETURNS TO MANAGEMENT, CAPITAL & RISK ————————————————————————————————>(
86.47)
|
RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>(
191.36)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
29.96
__________
|
_________
TOTAL OWNERSHIP COST
48.83
|
183.69
==========
|
=========
TOTAL COST
$423.45
|
$558.31
RETURN TO MANAGEMENT, CAPITAL & RISK —————————————————————————————————>(
$86.47)
|
RETURN TO RISK (PROFITS) ———————————————————————————————————————————————————————————————————————————————>( $221.33)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$336.98
374.62
Lb)
$0.0645
$0.0084
$0.0730
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F16/29
$0.0645
$0.0316
$0.0962
Table 14C. Variable Operating Costs; Wheat, Salome/Vicksburg, 1996
COUNTY: La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Oct
Oct
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Jan
Mar
Apr
May
Jun
Jun
Jun
Jul
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,800.0 Lb/Acre
Operation
Page
WATER SOURCE:
McMulN
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
Disk
Plow
Apply Fert/Ground
List
Plant
Disk Ends
Buck Rows
Make Ditches
Irrigate
Irrigate/Run Fertilizer
Apply Herbicide/Ground
Irrigate
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Haul, Custom
58.0 CW
Disk Residue
Pickup Use 35 Mi/Ac
Operating Interest at 8.00%
0.225
0.180
0.113
0.257
0.200
0.045
0.022
0.113
0.113
0.113
0.200
1.170
0.250
0.200
0.125
0.286
0.222
0.050
0.025
0.125
0.667
0.333
0.125
0.318
|
|
|
|
|
|
|
|
|
|
|
|
|
0.125 |
|
|
0.222 |
3.46
2.47
1.36
3.67
2.38
0.46
0.14
0.94
43.73
18.22
1.12
18.22
2.10
1.68
1.05
2.41
1.87
0.42
0.21
1.05
4.67
2.33
1.05
2.23
0.94
1.05
24.81
18.90
11.95
6.15
6.00
7.52
37.80
14.50
3.08
9.19
1.87
6.54
TOTAL CASH OPERATING EXPENSES:
$185.84
$35.32
$64.84
$91.39
5.56
4.15
27.22
6.08
23.15
0.88
0.35
1.99
48.40
32.50
8.32
20.45
13.52
1.99
37.80
14.50
4.95
67
TILLAGE: Conventional
SOIL:
Sandy Loam
DATE:
10/02/96
Times
2.0
1.0
1.0
1.0
1.0
2.0
1.0
1.0
1.0
3.0
0.7
3.0
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense Class
11.13
4.15
27.22
6.08
23.15
1.75
0.35
1.99
48.40
97.50
5.82
61.35
13.52
1.99
37.80
14.50
4.95
9.19
6.54
________
$377.38
L
L
G
L
L
G
G
G
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)
$49.45
Growing (G)
257.90
Harvest (H)
54.29
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
15.73
—————
Total (T)
$377.38
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
———————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.04
$0.05
$0.05
$0.06
$0.07 Break-even
|——————————————————————————————————————————————————————————————
-25%
4,350.0
|
-174.25
-136.34
-111.07
-85.79
-47.88
0.08
-10%
5,220.0
|
-144.49
-98.99
-68.66
-38.34
7.15
0.07
Budgeted 5,800.0
|
-124.64
-74.09
-40.40
-6.70
43.84
0.06
+10%
6,380.0
|
-104.80
-49.19
-12.13
24.93
80.53
0.06
+25%
7,250.0
|
-75.03
-11.85
30.27
72.39
135.57
0.05
Break-even Yield
| 9,443.06 7,526.05 6,628.90 5,922.87 5,106.96
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F16/29
Table 14D. Resource and Cash Flow Requirements; Wheat, Salome/Vicksburg, 1996
COUNTY: La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,800.0 Lb/Acre
Total
Labor (Hrs)
|
|
|
OCT P
DEC P
1.0
12.0
JAN C
1.0
5.0
FEB C
1.0
5.0
MAR C
1.0
5.0
APR C
2.0
10.0
MAY C
1.0
5.0
JUN C
JUL C
Pickup Use 35 Mi/Ac
Operating Interest at 8.0%
0.45
1.75
0.33
0.33
0.42
0.63
0.31
0.17
0.22
|
|
|
|
|
|
|
|
|
Total
%
4.63
Month *
Number
Irrig.
7.0
Water
Applied
(Inches)
42.0
5.93
56.14
18.22
18.22
19.00
36.44
18.22
1.40
3.08
9.19
Natural Gas/Pumping
All Direct Energy
MATERIALS REQUIREMENTS(/Acre)
11-52-00, Dry
82-00-00, Anhyd. Ammmonia
150.00 Lb
198.00 Lb
P = Previous Year
Hrs
Hrs
Hrs
Hrs
347.3
36.6
Dbl. Offset Disk, 13'
Fertilizer Spreader, 28'
Grain Drill, 16'
Directed Spray Rig, 16 Row
2.02 Hrs
Milling Wheat Sd, Cert
2,4-d
C = Current Year
Irrigators
24.81
11.95
11.95
16.25
TILLAGE: Conventional
SOIL:
Sandy Loam
DATE:
10/02/96
72.48
20.30
6.54
9.71
113.63
32.50
32.50
38.32
40.90
33.97
18.87
20.95
9.19
6.54
44.54
12.47
357.09
100.00
18.90
7.52
35.33
9.89
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
10.8
Regular Gas
0.0
NonLead Gas
3.5
0.83
0.23
0.26
0.23
* NOTE:
3.78
13.78
2.33
2.33
3.07
4.46
2.23
1.47
1.87
185.84
52.04
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
178.8 lbs
Total P
78.0 lbs
Total K
0.0 lbs
Total Labor
4.6 Hrs
Total Water
42.0 AI
LABOR REQUIREMENTS(/Acre)
Tractor
WATER SOURCE:
McMulN
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
68
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
|
|
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 150 PTO HP, MFWD
Tractor, 80 PTO HP, MFWD
Disk-Lister, 6 Rw
Blade Scraper, 10'
Page
6.00
16.00
16.00
18.90
5.29
Gal
Gal
Gal
Therms
M BTU
0.74
0.11
0.20
0.08
Hrs
Hrs
Hrs
Hrs
150.00 Lb
2.80 Pt
Root Cutter-Puller, 6 Row
Tractor, 100 PTO HP, MFWD
Rowbuck, 10'
Pickup Truck, 1/2 Ton
Water, Pump
Dimethoate
0.18
0.76
0.02
1.17
Hrs
Hrs
Hrs
Hrs
42.00 AI
2.00 Pt
2.62 Hrs
N = Next Year
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F16/29
Table 14E
Schedule of Operations; Wheat, Salome/Vicksburg, 1996
COUNTY: La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
First
No. Month Times
Operation
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,800.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
WATER SOURCE:
McMulN
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Oct
Oct
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Jan
2.0
1.0
1.0
1.0
1.0
2.0
1.0
1.0
1.0
3.0
Disk
150
Plow
150
Apply Fert/Ground
80
List
100
Plant
100
Disk Ends
80
Buck Rows
80
Make Ditches
100
Irrigate
Irrigate/Run Fertiliz
Dbl. Offset Disk, 13'
Root Cutter-Puller, 6 R
Fertilizer Spreader, 28
Disk-Lister, 6 Rw
Grain Drill, 16'
Dbl. Offset Disk, 13'
Rowbuck, 10'
Blade Scraper, 10'
11
12
13
14
15
16
17
Mar
Apr
May
Jun
Jun
Jun
Jul
0.7
3.0
1.0
1.0
1.0
1.0
1.0
Apply Herbicide/Groun100
Irrigate
Apply Insecticide/Air
Prepare Ends
100
Combine Harvest
Haul, Custom
Disk Residue
150
Pickup Use 35 Mi/Ac
Directed Spray Rig, 16
Job Rate
Acres/Hr
1
2
3
4
5
6
7
8
9
10
* NOTE:
Page
CST Air Spray, 3 Gal Mi
Blade Scraper, 10'
CST Combine Wheat
CST Haul Grain
Dbl. Offset Disk, 13'
Pickup Truck, 1/2 Ton
4.00
5.00
8.00
3.50
4.50
20.00
40.00
8.00
1.50
3.00
TILLAGE: Conventional
SOIL:
Sandy Loam
DATE:
10/02/96
———— Material Use & Cost ———
Service Cost
Name
Appl. Rate
$/Unit
$/Unit
11-52-00, Dry
150.00 Lb
315.00 Tn
Milling Wheat Sd,
150.00 Lb
12.00 CW
Water, Pump
Water, Pump
82-00-00, Anhyd. A
8.00 2,4-d
3.10 Water, Pump
Dimethoate
8.00
12.00
5.00
66.00
4.00
5.00
2.00
AI
AI
Lb
Pt
AI
Pt
69
43.73
43.73
345.00
11.71
43.73
28.63
AF
AF
Tn
Ga
AF
Ga
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
Irrigator
Tractor
Irrigator
6.00 Ac
Tractor
17.50 Ac
0.25 CW
4.50
0.86
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
F16/29