Table 6A. Income and Cash Operating Summary; Durum Wheat (Double Crop), 1998
COUNTY: La Paz
CROP:
Wheat, Durum
AREA:
Parker CRIR
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
5,300.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 25
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
5,300.00
Price/
Unit
$0.08
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
$397.50
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/22/99
Total
/Acre
Your Farm
Budget
$397.50
____________
46.15
____________
____________
____________
83.77
____________
____________
____________
____________
12.16
____________
____________
____________
0.00
____________
28.94
____________
____________
10.81
35.35
55.17
7.93
20.68
5.31
6.85
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
28.94
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------171.03
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
1.88
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.81
1.41
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
1.88
____________
____________
2.22
____________
____________
____________
70.40
-------------74.50
____________
7.69
9.43
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$262.64
$134.86
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $17.25 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 / 33
Table 6B. Allocations of Ownership Costs; Durum Wheat (Double Crop), 1998
COUNTY:La Paz
CROP:
Wheat, Durum
AREA:
Parker CRIR
FARM: LaPaz County 98
WATER SOURCE:
CRIR Irrigation Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
5,300.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 26
$0.08 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$397.50
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/22/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$397.50
$262.64
$262.64
$134.86
1.79
13.13
7.88
-------------22.81
$134.86
1.79
13.13
7.88
-------------22.81
285.45
285.45
$112.05
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$112.05
9.66
5.38
-------------15.05
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$112.05
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Rent or Lease
Land Cost / Ownership (100% Equity)
Property Taxes ($450.00 X 16.0% X 0)
Opportunity Interest on Land (100% X 6.0 X $450.00)
Water Assessment
150.00
17.25
17.25
--------------------------Total Land Costs
167.25
167.25
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($55.20)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------190.06
21.01
-------------226.12
=============
=============
TOTAL COST
$452.70
$488.76
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($55.20)
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
$97.00
150.00
$0.05
$0.04
$0.09
($70.25)
($91.26)
$0.05
$0.04
$0.09
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 33
Table 6C. Variable Operating Costs; Durum Wheat (Double Crop), 1998
COUNTY:La Paz
CROP:
Wheat, Durum
AREA:
Parker CRIR
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Oct
Oct
Oct
Nov
Dec
Dec
Jan
Mar
Mar
Mar
May
May
May
Jun
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
5,300.0 Lb / Acre
---- Hours * ---Machine Labor
Disk
Apply Fert/Ground
Landplane
Plant
Make Borders
Irrigate
Irrigate
Apply Herbicide/Ground
Irrigate/Run Fertilizer
Apply Insecticide/Air
Knock Borders
Combine Harvest
Haul, Custom 56 CW
Cut Stalks 56 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.225
0.090
0.257
0.200
0.113
0.150
Page 27
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.250
0.100
0.286
0.222
0.125
0.667
0.333
0.167
3.000
3.37
0.70
3.24
2.41
0.69
0.125
0.67
1.08
2.12
0.85
2.42
1.88
1.06
4.72
2.35
1.42
21.21
44.27
28.94
4.23
0.113
1.06
56.40
14.00
0.200
1.000
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/22/99
0.222
2.22
7.69
1.88
20.68
10.90
3.70
Tot. Cash
Expenses
Times
5.49
45.82
5.66
33.23
1.75
4.72
2.35
23.17
32.11
7.93
1.73
56.40
14.00
4.10
1.0
1.0
1.0
1.0
1.0
1.0
4.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
5.49
45.82
5.66
33.23
1.75
4.72
9.42
23.17
32.11
7.93
1.73
56.40
14.00
4.10
7.69
9.43
9.43
Class
L
G
L
L
G
G
G
G
G
G
G
H
H
P
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
262.64
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
$17.25 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
44.38
Growing (G)
126.64
Harvest (H)
70.40
Post Harvest (P)
4.10
Marketing (M)
0.00
Operating Overhead (O)
17.12
=============
Total (T)
$262.64
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.06
$0.07
$0.08
$0.08
$0.09 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
3,975.0
4,770.0
5,300.0
5,830.0
6,625.0
Break-even Yield
-20.42
13.12
35.48
57.84
91.39
24.29
66.78
95.11
123.43
165.92
54.11
102.56
134.86
167.16
215.61
83.92
138.33
174.61
210.88
265.29
128.64
191.99
234.23
276.47
339.83
4,459.07 3,520.43
3,087.19
2,748.89
2,360.84
0.06
0.05
0.05
0.05
0.04
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 2 / 33
Table 6D. Resource and Cash Flow Requirements; Durum Wheat (Double Crop), 1998
COUNTY:La Paz
CROP:
Wheat, Durum
AREA:
Parker CRIR
Month *
Number
Irrigations
OCT P
NOV P
DEC P
1.0
JAN C
0.3
FEB C
0.7
MAR C
2.0
APR C
2.0
MAY C
JUN C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
6.0
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
5,300.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
10.0
1.5
3.5
10.0
10.0
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.06
0.38
1.20
0.10
0.23
3.50
0.67
0.13
0.22
Page 28
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/22/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
0.73
4.38
5.31
0.54
3.26
9.25
0.71
1.65
24.98
4.71
1.06
1.88
1.08
0.67
2.22
7.69
4.43
22.13
17.71
9.43
5.70
38.45
52.52
0.71
1.65
65.56
4.71
14.18
62.05
7.69
9.43
84.06
32.01
262.64
100.00
8.68
20.26
35.27
4.23
12.45
57.95
**
35.0
6.50
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
186.3
Total P
0.0
Total K
0.0
Total Labor
6.5
Total Water
35.0
22.07
8.40
48.03
18.29
79.54
30.28
28.94
11.02
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
7.5 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
1.4 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.11 Hr
Fertilizer Broadcaster,
0.09 Hr
Offset Disk, 16.5'
0.22 Hr
Tractor, 80 PTO HP,
0.38 Hr
Border Disk, 6' Disk
Grain Drill, 14'
Pickup Truck, 1/2 Ton
Tractor, 100 PTO HP,
0.11
0.20
1.00
0.49
MATERIALS REQUIREMENT ( per Acre)
46-00-00, Urea 46
405.00 Lb
Malathion
1.00 Pt
Bromoxynil
MCPA
1.50 Pt
1.00 Pt
LABOR REQUIREMENT ( per Acre)
Irrigators
5.00 Hr
Tractor
1.50 Hr
Hr
Hr
Hr
Hr
Dbl. Offset Disk, 13'
Landplane 12'X 45'
Saddle Tk Sprayer, 2 Tk 8
Tractor, 150 PTO HP,
Durum Wheat Sd, Cert
Water, District
0.20
0.26
0.15
0.48
Hr
Hr
Hr
Hr
130.00 Lb
35.00 AI
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$17.25 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 / 33
Table 6E. Schedule of Operations; Durum Wheat (Double Crop), 1998
COUNTY:La Paz
CROP:
Wheat, Durum
AREA:
Parker CRIR
First
No.MonthTimes
FARM: LaPaz County 98
ACRES:
1.0
YIELD:
5,300.0 Lb / Acre
Operation
1
2
3
4
5
6
7
8
Oct
Oct
Oct
Nov
Dec
Dec
Jan
Mar
1.0
1.0
1.0
1.0
1.0
1.0
4.0
1.0
9
Mar
1.0 Irrigate/Run Fertilizer
10
11
12
13
14
Mar
May
May
May
Jun
1.0
1.0
1.0
1.0
1.0
WATER SOURCE:
CRIR Irrigation Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
Disk
150 Offset Disk, 16.5'
Apply Fert/Ground
100 Fertilizer Broadcaster,
Landplane
150 Landplane 12'X 45'
Plant
100 Grain Drill, 14'
Make Borders
80 Blade Scraper, 10'
Irrigate
Irrigate
Apply Herbicide/Ground80 Saddle Tk Sprayer, 2 Tk 8
Apply Insecticide/Air
Knock Borders
Combine Harvest
Haul, Custom
Cut Stalks
Pickup use 30 Mi/Ac
CST Air Spray, 3 Gal Mix
80 Border Disk, 6' Disk
CST Combine Wheat
CST Haul Grain
100 Dbl. Offset Disk, 13'
Pickup Truck, 1/2 Ton
Page 29
Job Rate
Acres/Hr
4.00
10.00
3.50
4.50
8.00
1.50
3.00
6.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/22/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
46-00-00, Urea 46
325.00 Lb 257.00 Tn
Durum Wheat Sd, Cert
130.00 Lb
Water, District
Water, District
Bromoxynil
MCPA
0.33 Water, District
46-00-00, Urea 46
Malathion
8.00
10.00
5.00
1.50
1.00
5.00
80.00
1.00
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Irrigators
Tractor
21.00 CW
AI
0.00 AF
AI
0.00 AF
Pt 52.93 Ga
Pt 76.68 Ga
AI
0.00 AF
Lb 257.00 Tn
Pt 27.90 Ga
Labor
Type
Irrigators
4.23 Ac
Tractor
37.50 Ac
0.25 C
4.50
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 2 / 33