Table 4A. Income and Cash Operating Summary; Alfalfa Hay w/Sheep, 1998
COUNTY: La Paz
CROP:
Alfalfa Hay w/Graze
AREA:
Parker CRIR
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
7.9 Tn / Acre
Item
INCOME ⇒
Alfalfa
Grazing
Page 15
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
Unit
Quantity
Ton
Head Days
7.90
200.00
Price/
Unit
$96.70
$0.09
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$763.93
$18.00
3.22
37.66
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
7/19/99
Total
/Acre
Your Farm
Budget
$781.93
____________
____________
40.88
____________
____________
____________
90.43
____________
____________
____________
____________
2.93
____________
____________
____________
24.54
____________
39.75
____________
____________
28.97
47.24
14.23
1.16
1.77
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
39.75
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------198.54
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
38.11
____________
____________
____________
100.27
____________
____________
____________
____________
13.56
24.55
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
11.53
88.74
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
27.30
-------------165.68
10.25
34.97
=============
$409.45
$372.48
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $34.50 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 5
Table 4B. Allocations of Ownership Costs; Alfalfa Hay w/Sheep, 1998
COUNTY:La Paz
CROP:
Alfalfa Hay w/Graze
AREA:
Parker CRIR
FARM: LaPaz County 98
WATER SOURCE:
CRIR Irrigation Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
7.9 Tn / Acre PREVIOUS CROP:
Wheat, Winter
Item
TOTAL INCOME at
Page 16
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$781.93
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$409.45
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
7/19/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$781.93
$372.48
8.11
20.47
12.28
-------------40.87
$409.45
$372.48
8.11
20.47
12.28
-------------40.87
450.31
450.31
$331.62
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
Stand Establishment (3 year crop)
$331.62
56.21
3.96
183.87
-------------244.04
183.87
-------------Total Capital Allocations
183.87
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$147.74
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
150.00
150.00
34.50
34.50
--------------------------Total Land Costs
184.50
184.50
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($36.76)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
$87.58
Land Cost / Rent or Lease
Water Assessment
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------409.24
32.76
-------------502.16
=============
=============
TOTAL COST
$818.69
$911.61
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($36.76)
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
$49.55
$51.80
$101.35
($96.92)
($129.68)
$49.55
$63.56
$113.12
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 5
Table 4C. Variable Operating Costs; Alfalfa Hay w/Sheep, 1998
COUNTY:La Paz
CROP:
Alfalfa Hay w/Graze
AREA:
Parker CRIR
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
Jan
Mar
Mar
Mar
Mar
Mar
Apr
Apr
May
Oct
Oct
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
7.9 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Swathing
Raking
Baling
Roadsiding
Irrigate/Run Fertilizer
Apply Herbicide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Scratch
Plant
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.180
0.129
0.082
Page 17
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.286
0.200
0.200
0.143
0.091
0.250
2.02
1.41
1.69
1.01
0.64
1.77
1.69
3.64
7.20
0.32
3.41
4.58
4.23
4.23
0.180
0.162
1.333
0.200
0.180
0.98
1.95
10.25
1.69
1.53
16.12
9.65
10.06
6.75
39.75
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
7/19/99
Tot. Cash
Expenses
Times
2.35
1.41
3.39
8.06
7.84
17.88
14.23
14.29
10.98
2.67
43.23
16.0
8.0
8.0
8.0
8.0
3.0
1.0
1.0
3.0
1.0
1.0
37.52
11.31
27.11
64.51
62.75
53.65
14.23
14.29
32.94
2.67
43.23
10.25
34.97
34.97
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
409.45
Class
G
H
H
H
H
G
G
G
G
G
L
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.
A water assessment charge of $34.50 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
43.23
Growing (G)
155.31
Harvest (H)
165.68
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
45.22
=============
Total (T)
$409.45
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
5.9
7.1
7.9
8.7
9.9
76.68
137.77
178.50
219.22
280.31
162.62
240.90
293.09
345.27
423.55
219.92
309.66
369.48
429.30
519.04
277.21
378.41
445.87
513.34
614.53
363.15
481.54
560.46
639.39
757.77
4.44
3.46
3.02
2.68
2.29
59.58
53.15
49.93
47.30
44.14
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 5
Table 4D. Resource and Cash Flow Requirements; Alfalfa Hay w/Sheep, 1998
COUNTY:La Paz
CROP:
Alfalfa Hay w/Graze
AREA:
Parker CRIR
Month *
Number
Irrigations
Water
Applied
(inches)
JAN C
1.0
MAR C
2.0
APR C
2.0
MAY C
2.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
2.0
OCT C
2.0
NOV C
1.0
DEC C
1.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
19.0
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
7.9 Tn / Acre
Total
Labor (Hrs)
4.0
9.0
9.0
9.0
8.0
8.0
8.0
8.0
8.0
4.0
4.0
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.29
1.17
1.17
1.17
1.21
1.21
1.21
1.21
1.59
0.29
0.29
Page 18
6.46
6.46
6.46
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
7/19/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
12.53
12.53
12.53
12.53
12.53
12.53
12.53
15.47
5.17
2.02
8.55
8.55
8.55
8.81
8.81
8.81
8.81
12.03
2.02
2.02
9.66
19.30
26.47
6.75
6.75
3.41
3.41
3.41
3.41
3.41
3.41
3.41
43.16
34.97
2.02
40.62
54.84
65.89
35.74
35.74
24.75
24.75
70.66
2.02
7.19
10.25
34.97
56.47
13.79
409.45
100.00
4.58
8.46
4.23
4.23
10.25
**
79.0
10.78
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
20.5
Total P
69.8
Total K
0.0
Total Labor
10.8
Total Water
79.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.66 Hr
Pickup Truck, 1/2 Ton
1.33 Hr
Tractor, 70 PTO HP,
2.65 Hr
MATERIALS REQUIREMENT ( per Acre)
10-34-00, Lqd
18.00 Ga
Chlorpyrifos
3.00 Pt
Water, District
79.00 AI
LABOR REQUIREMENT ( per Acre)
Harvest
3.47 Hr
24.54
5.99
113.46
27.71
78.99
19.29
68.93
16.84
67.05
16.38
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
15.5 Gal
Unleaded Gas
4.0 Gal
All Direct Energy
2.7 M BTU
Baler, 3 wire w/motor
Rake, 9.5' LH AND RH
Tractor, 100 PTO HP,
Alfalfa Sd, Cert
Trifluralin
Irrigators
1.03 Hr
1.44 Hr
0.16 Hr
15.00 Lb
10.00 Lb
5.33 Hr
Grain Drill, 14'
Section Harrow, 4 Section
Windrower, 14.0', HS, SC
0.16 Hr
0.18 Hr
0.00 Hr
Carbofuran
Twine, Plastic, 6500 '
1.00 Pt
3.92 TF
Tractor
1.98 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $34.50 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 5
Table 4E. Schedule of Operations; Alfalfa Hay w/Sheep, 1998
COUNTY:La Paz
CROP:
Alfalfa Hay w/Graze
AREA:
Parker CRIR
First
No.MonthTimes
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
7.9 Tn / Acre
Operation
Page 19
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
Jan
Mar
Mar
Mar
Mar
Mar
16.0
8.0
8.0
8.0
8.0
3.0
Irrigate
Swathing
Raking
Baling
Roadsiding
Irrigate/Run Fertilizer
Windrower, 14.0', HS, SC
70 Rake, 9.5' LH AND RH
70 Baler, 3 wire w/motor
Bale Wagon, SP PRC
7
8
9
10
11
Apr
Apr
May
Oct
Oct
1.0
1.0
3.0
1.0
1.0
Apply Herbicide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Scratch
Plant
Pickup use 40 Mi/Ac
CST Air Apply Granules 50lbs
CST Air Spray, 3 Gal Mix
CST Air Spray, 3 Gal Mix
70 Section Harrow, 4 Section
100 Grain Drill, 14'
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
7/19/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
3.50 Water, District
5.00
5.00
7.00 Twine, Plastic, 6500 '
11.00
4.00 Water, District
10-34-00, Lqd
Trifluralin
Carbofuran
Chlorpyrifos
5.00
5.56 Alfalfa Sd, Cert
0.75
4.00 AI
0.97 AF
0.49 TF
6.57 TF
5.00
6.00
10.00
1.00
1.00
AI 15.50 AF
Ga 266.40 Tn
Lb
0.91 Lb
Pt 75.95 Ga
Pt 50.95 Ga
15.00 Lb 250.00 CW
Labor
Type
Irrigators
Harvest
Tractor
Harvest
Harvest
Irrigators
4.58 Ac
4.23 Ac
4.23 Ac
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 2 / 5