Table 5A. Income and Cash Operating Summary; Corn (Spring), 1998
COUNTY: La Paz
CROP:
Corn Grain
AREA:
Parker CRIR
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
8,400.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 20
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
8,400.00
Price/
Unit
$0.06
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
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$512.40
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
Total
/Acre
Your Farm
Budget
$512.40
____________
39.25
____________
____________
____________
____________
192.29
____________
____________
____________
____________
27.60
____________
____________
____________
0.00
____________
27.90
____________
____________
21.13
4.48
13.64
107.76
68.74
15.79
11.47
16.13
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
27.90
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------287.04
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
2.23
0.18
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
1.05
1.50
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
2.41
____________
____________
____________
2.54
____________
____________
____________
104.50
-------------109.46
____________
7.69
14.53
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$418.72
$93.68
____________
===================
____________
____________
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 / 25
Table 5B. Allocations of Ownership Costs; Corn (Spring), 1998
COUNTY:La Paz
CROP:
Corn Grain
AREA:
Parker CRIR
Item
TOTAL INCOME at
Page 21
FARM: LaPaz County 98
WATER SOURCE:
CRIR Irrigation Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
8,400.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.06 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$512.40
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$512.40
$418.72
$418.72
$93.68
3.43
20.94
12.56
-------------36.93
$93.68
3.43
20.94
12.56
-------------36.93
455.65
455.65
$56.75
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$56.75
18.76
7.69
-------------26.45
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$56.75
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 ---------------------------------------->
($127.75)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
$30.30
Land Cost / Rent or Lease
Water Assessment
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------221.43
33.50
-------------281.38
=============
=============
TOTAL COST
$640.15
$700.09
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($127.75)
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
$0.05
$0.03
$0.08
($154.20)
($187.69)
$0.05
$0.03
$0.08
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 25
Table 5C. Variable Operating Costs; Corn (Spring), 1998
COUNTY:La Paz
CROP:
Corn Grain
AREA:
Parker CRIR
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Mar
Mar
Mar
Apr
Apr
May
May
Jul
Jul
Jul
Jul
Aug
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
8,400.0 Lb / Acre
---- Hours * ---Machine Labor
Disk
Rip
Apply Herbicide/Ground
List
Apply Fert/Ground
Mulch
Disk Ends
Make Borders
Block Borders
Preirrigate
Knock Borders
Plant
Remove Cap
Cultivate
Irrigate/Run Fertilizer
Cultivate
Hand Weeding
Apply Insecticide/Air
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Haul 50
Drying 4 Tn
Cut Stalks 4 Tn
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.188
0.265
0.090
0.225
0.113
0.162
0.011
0.022
0.011
0.022
0.180
0.082
0.200
0.161
Page 22
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.208
0.294
0.100
0.250
0.125
0.180
0.013
0.025
0.013
0.129
0.025
0.200
0.091
0.222
0.200
0.179
0.667
2.82
4.67
0.83
2.93
1.46
1.47
0.11
0.17
0.08
0.13
2.57
0.49
1.81
1.46
1.76
2.49
0.85
2.12
1.06
1.53
0.11
0.21
0.11
0.91
0.21
1.69
0.77
1.88
1.41
1.52
4.48
15.79
33.66
13.62
27.90
6.72
4.23
4.23
0.011
0.013
0.12
0.09
61.00
23.50
20.00
0.237
1.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
0.263
2.31
7.69
2.23
11.77
22.14
Tot. Cash
Expenses
Times
4.58
7.16
17.47
5.05
36.17
2.99
0.22
0.38
0.19
14.53
0.34
32.17
1.27
3.69
8.13
2.97
4.48
16.00
26.37
0.21
61.00
23.50
20.00
4.54
3.0
1.0
1.0
1.0
1.0
1.0
3.0
3.0
3.0
1.0
3.0
1.0
1.0
1.0
9.0
1.0
1.0
1.0
2.0
2.0
1.0
1.0
1.0
1.0
13.74
7.16
17.47
5.05
36.17
2.99
0.65
1.13
0.58
14.53
1.03
32.17
1.27
3.69
73.21
2.97
4.48
16.00
52.73
0.42
61.00
23.50
20.00
4.54
7.69
14.53
14.53
Class
L
L
G
L
G
L
G
G
G
G
G
L
G
G
G
G
G
G
G
H
H
H
P
P
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
418.72
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
$34.50 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
61.11
Growing (G)
225.93
Harvest (H)
84.92
Post Harvest (P)
24.54
Marketing (M)
0.00
Operating Overhead (O)
22.22
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/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%
6,300.0
7,560.0
8,400.0
9,240.0
-95.87
-54.64
-27.16
0.33
-38.22
14.53
49.70
84.87
0.21
60.65
100.94
141.24
38.64
106.76
152.18
197.60
96.28
175.94
229.04
282.15
9,230.04 7,212.94
6,295.71
5,585.44
4,777.03
0.06
0.05
0.05
0.05
$418.72
Break-even Yield
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 25
Table 5D. Resource and Cash Flow Requirements; Corn (Spring), 1998
COUNTY:La Paz
CROP:
Corn Grain
AREA:
Parker CRIR
Month *
Number
Irrigations
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
8,400.0 Lb / Acre
Water
Applied
(inches)
JAN C
FEB C
1.0
MAR C
2.0
APR C
2.0
MAY C
2.0
JUN C
2.0
JUL C
1.0
AUG C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
10.0
Total
Labor (Hrs)
7.0
8.0
8.0
8.0
8.0
4.0
Page 23
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.71
1.27
0.79
1.32
0.40
0.41
2.73
0.26
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
10.30
12.57
2.79
1.94
6.02
10.56
6.13
9.47
2.83
2.92
1.51
2.23
0.12
0.12
2.31
7.69
63.07
13.44
13.44
47.35
35.58
6.72
14.53
16.32
114.10
22.36
24.85
58.64
42.84
107.58
4.54
7.69
14.53
131.73
31.46
418.72
100.00
27.90
8.46
4.23
97.82
**
43.0
7.90
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
341.2
Total P
90.0
Total K
0.0
Total Labor
7.9
Total Water
43.0
37.83
9.03
41.66
9.95
179.60
42.89
27.90
6.66
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
15.3 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
2.5 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.10 Hr
Directed Spray Rig, 16
0.09 Hr
Lister, 7 Bottom
0.22 Hr
Pickup Truck, 1/2 Ton
1.00 Hr
Section Harrow, 4 Section
0.08 Hr
Tractor, 150 PTO HP,
0.79 Hr
Border Disk, 6' Disk
Fertilizer Spreader, 28'
Offset Disk, 13.5'
Planter, Drill Type, 6 Row
Tractor, 80 PTO HP,
Tractor, 175 PTO HP
MATERIALS REQUIREMENT ( per Acre)
00-45-00, Treble Super.
200.00 Lb
Atrazine
5.00 Lb
Permethrin
16.00 Oz
46-00-00, Urea 46
Field Corn Sd
Water, District
LABOR REQUIREMENT ( per Acre)
Hand Weeders
0.67 Hr
Irrigators
0.07
0.11
0.02
0.18
0.18
0.26
Hr
Hr
Hr
Hr
Hr
Hr
100.00 Lb
28.00 Th
43.00 AI
1.96 Hr
Dbl. Offset Disk, 13'
Flail Stalk Cutter, 4 Row
Offset Disk, 16.5'
Rolling Cultivator, 6 Rw
Tractor, 100 PTO HP,
V-Ripper, 5 Shnk
82-00-00, Anhyd.
Methomyl
Tractor
0.03
0.24
0.56
0.52
1.26
0.26
Hr
Hr
Hr
Hr
Hr
Hr
360.00 Lb
5.00 Pt
2.76 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 / 25
Table 5E. Schedule of Operations; Corn (Spring), 1998
COUNTY:La Paz
CROP:
Corn Grain
AREA:
Parker CRIR
First
No.Month Times
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
8,400.0 Lb / Acre
Operation
Page 24
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
8
9
10
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
3.0
1.0
1.0
1.0
1.0
1.0
3.0
3.0
3.0
1.0
Disk
150 Offset Disk, 16.5'
Rip
175 V-Ripper, 5 Shnk
Apply Herbicide/Ground 100 Directed Spray Rig, 16
List
150 Lister, 7 Bottom
Apply Fert/Ground
100 Fertilizer Spreader, 28'
Mulch
100 Rolling Cultivator, 6 Rw
Disk Ends
80 Dbl. Offset Disk, 13'
Make Borders
100 Blade Scraper, 10'
Block Borders
100 Blade Scraper, 10'
Preirrigate
11
12
13
14
15
Feb
Feb
Mar
Mar
Mar
3.0
1.0
1.0
1.0
9.0
Knock Borders
Plant
Remove Cap
Cultivate
Irrigate/Run Fertilizer
80 Border Disk, 6' Disk
100 Planter, Drill Type, 6 Row
80 Section Harrow, 4 Section
100 Rolling Cultivator, 6 Rw
16
17
18
19
Apr
Apr
May
May
1.0
1.0
1.0
2.0
Cultivate
Hand Weeding
Apply Insecticide/Air
Apply Insecticide/Air
100 Rolling Cultivator, 6 Rw
20
21
22
23
24
Jul
Jul
Jul
Jul
Aug
2.0
1.0
1.0
1.0
1.0
Prepare Ends
Combine Harvest
Haul
Drying
Cut Stalks
Pickup use 30 Mi/Ac
100 Offset Disk, 13.5'
CST Combine Corn
CST Haul Grain
CST Dry Corn
100 Flail Stalk Cutter, 4 Row
Pickup Truck, 1/2 Ton
CST Air Spray, 3 Gal Mix
CST Air Spray, 3 Gal Mix
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
4.80
3.40
10.00 Atrazine
4.00
8.00 00-45-00, Treble
5.60
80.00
40.00
76.90
7.80 Water, District
46-00-00, Urea 46
40.00
5.00 Field Corn Sd
11.00
4.50
5.00 Water, District
82-00-00, Anhyd.
5.60
1.50
Permethrin
Permethrin
Methomyl
80.00
2.00
3.80
1.00
5.00 Lb
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
2.98 Lb
200.00 Lb 317.50 Tn
7.00 AI
0.00 AF
100.00 Lb 257.00 Tn
28.00 Th
Labor
Type
Tractor
Tractor
Tractor
Tractor
Irrigators
0.94 Th
4.00 AI
0.00 AF
40.00 Lb 317.00 Tn
Tractor
Hand
8.00 Oz 177.72 Ga
4.00 Oz 177.72 Ga
2.50 Pt 49.05 Ga
4.23 Ac
4.23 Ac
Irrigators
37.50 Ac
0.25 C
5.00 Tn
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 / 25