Table 11A. Income and Cash Operating Summary; Pima Cotton, 1998
COUNTY: La Paz
CROP:
Cotton, Pima
AREA:
Salome/Wenden
INCOME ⇒
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
882.0 Lb / Acre
Page 54
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Item
Unit
Quantity
Price/
Unit
Lint
CottonSeed
Pound
Ton
882.00
0.78
$1.03
$133.60
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
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
Other Purchased Inputs &
Seed/Transplants
Budgeted
/Acre
$908.46
$104.21
40.17
35.39
28.23
36.51
107.41
18.99
21.16
29.39
12.21
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
3.79
14.38
Chemicals and Custom Applications
Other Chemicals
29.33
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
9.66
57.11
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
Total
/Acre
Your Farm
Budget
$1,012.67
____________
____________
103.80
____________
____________
____________
____________
162.91
____________
____________
____________
____________
50.55
____________
____________
____________
222.43
____________
____________
____________
12.21
____________
____________
190.05
32.38
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
Other Materials
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
-------------551.90
____________
18.17
____________
____________
____________
29.33
____________
____________
66.77
____________
____________
____________
2.21
71.34
6.26
1.91
-------------195.97
20.50
28.79
____________
____________
____________
____________
=============
===================
$797.17
$215.50
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 155
Table 11B. Allocations of Ownership Costs; Pima Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Pima
AREA:
Salome/Wenden
Item
TOTAL INCOME at
Page 55
FARM: Salome Area (LaPaz)
WATER SOURCE:
McMullen Valley, Nat.
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
882.0 Lb / Acre PREVIOUS CROP:
Cotton, Pima
$1.03 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$1,012.67
$797.17
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$1,012.67
$215.50
12.32
16.18
39.86
23.92
-------------92.27
$797.17
12.32
16.18
39.86
23.92
-------------92.27
889.44
889.44
$123.22
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
$123.22
85.45
65.15
33.54
32.10
-------------216.23
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$123.22
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($450.00 X 16.0% X 0.106)
Opportunity Interest on Land (100% X 6.0 X $450.00)
7.66
TOTAL OWNERSHIP COST
-------------99.94
63.77
-------------406.95
=============
=============
TOTAL COST
$897.11
$1,204.12
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$115.56
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
($93.01)
7.66
27.00
-------------34.66
-------------Total Land Costs
7.66
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$115.56
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
$215.50
$0.79
$0.11
$0.90
($127.67)
($191.45)
$0.79
$0.46
$1.25
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 155
Table 11C. Variable Operating Costs; Pima Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Pima
AREA:
Salome/Wenden
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Jan
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Mar
Mar
Mar
Mar
Apr
Apr
Apr
May
May
May
May
Jul
Jul
Jul
Jul
Sep
Oct
Oct
Oct
Nov
Oct
Dec
Oct
Oct
Dec
Nov
Dec
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
882.0 Lb / Acre
Disk
Rip
Plow
Landplane
Apply Herbicide/Ground
List
Buck Rows
Make Ditches
Preirrigate
Plant
Scratch
Irrigate
Disk Ends
Knock Ditches
Cultivate
Hand Weeding
Apply Fert/Ground
Buck Rows
Make Ditches
Hand Weeding
Apply Herbicide/Ground
Apply Insecticide/Air
Apply Insecticide/Air
Prepare Ends
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Haul, Custom .1 Mu
Cotton, Rood .1 Mu
Cotton Ginning 25.9 Cs
Cotton Classing 1.8 Ba
Crop Assessment 1.8 Ba
Cut Stalks 1.8 Ba
Disk Residue 1.8 Ba
Pickup Use80 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.225
0.225
0.378
0.257
0.225
0.150
0.022
0.022
0.225
0.200
0.045
0.045
0.300
0.200
0.022
0.022
0.180
0.250
0.250
0.420
0.286
0.250
0.167
0.025
0.025
0.763
0.250
0.180
0.323
0.050
0.050
0.333
2.326
0.222
0.025
0.025
2.941
0.200
Page 56
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
3.55
2.89
5.37
3.24
1.62
2.71
0.14
0.17
43.05
4.08
1.23
17.94
0.44
0.34
2.71
2.94
0.14
0.17
1.29
2.12
2.12
3.56
2.42
2.12
1.42
0.21
0.21
5.40
2.12
1.53
2.28
0.42
0.42
2.82
15.63
1.88
0.21
0.21
19.76
1.69
0.022
0.025
0.17
0.21
0.900
0.450
0.600
1.000
0.500
0.667
36.83
6.24
24.55
7.07
3.54
4.72
0.180
0.200
2.07
1.69
2.83
12.21
12.17
4.23
4.23
16.16
19.14
26.10
4.75
9.91
1.91
71.34
2.21
6.26
0.200
0.200
2.667
0.222
0.222
1.82
3.15
20.50
1.88
1.88
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
Times
5.67
5.01
8.93
5.66
6.56
4.12
0.35
0.38
48.45
18.41
2.76
20.22
0.86
0.76
5.54
15.63
16.99
0.35
0.38
19.76
19.15
23.37
30.33
0.38
14.66
43.90
11.68
29.27
3.77
71.34
2.21
6.26
3.70
5.03
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
10.0
6.0
1.0
3.0
1.0
3.0
4.0
4.0
1.0
1.0
2.0
2.0
1.0
2.0
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
1.0
1.0
28.79
TOTAL CASH OPERATING EXPENSES (includes all times over):
*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.
Tot. Cash
Expenses
5.67
5.01
8.93
5.66
6.56
4.12
0.35
0.38
48.45
18.41
2.76
202.22
5.16
0.76
16.61
15.63
50.98
1.39
1.51
19.76
19.15
46.74
60.67
0.38
29.33
43.90
11.68
23.41
3.77
71.34
2.21
6.26
3.70
5.03
20.50
28.79
=============
797.17
Class
L
L
L
L
G
L
G
G
G
L
G
G
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
H
H
H
P
M
M
P
L
T
Table 11C. Variable Operating Costs; Pima Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Pima
AREA:
Salome/Wenden
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
882.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
52.83
Growing (G)
499.08
Harvest (H)
112.47
Post Harvest (P)
75.04
Marketing (M)
8.47
Operating Overhead (O)
49.29
=============
Total (T)
$797.17
Page 57
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.77
$0.93
$1.03
$1.13
$1.29 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
661.5
793.8
882.0
970.2
1,102.5
Break-even Yield
-233.66
-160.85
-112.32
-63.78
9.03
-131.46
-38.21
23.95
86.12
179.36
-63.32
43.55
114.80
186.05
292.92
4.81
125.31
205.65
285.98
406.48
107.01
247.95
341.91
435.87
576.81
1,086.10
848.01
739.89
656.22
561.05
1.13
0.98
0.90
0.84
0.76
ARIZONA COOPERATIVE EXTENSION
University of Arizona
F 15 / 155
Table 11D. Resource and Cash Flow Requirements; Pima Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Pima
AREA:
Salome/Wenden
Month *
Number
Irrigations
JAN C
FEB C
MAR C
2.0
APR C
1.0
MAY C
1.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
1.0
OCT C
NOV C
DEC C
Pickup Use80 Mi/Acre
Operating Interest at 10.0
Total
%
11.0
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
882.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
17.0
5.0
5.0
10.0
10.0
10.0
5.0
62.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.92
0.75
1.52
0.76
3.30
1.40
4.01
0.75
0.40
0.85
0.93
0.89
360.25
45.19
7.80
6.38
11.32
5.95
23.47
10.97
27.91
5.42
2.92
6.01
6.60
7.23
121.97
15.30
28.79
19.60
17.07
89.83
27.38
59.97
66.14
150.06
95.73
21.46
98.28
66.28
36.07
20.50
28.79
135.02
16.94
797.17
100.00
2.83
12.21
12.17
12.17
73.58
45.25
19.83
165.82
20.80
8.46
8.46
0.95
0.76
0.19
14.12
1.77
46.27
29.42
13.62
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
37.6 Gal
Unleaded Gas
8.0
Gal
Nat Gas/Pumping
512.7 Therms
All Direct Energy
57.5 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.18 Hr
Dbl. Offset Disk, 13'
0.27 Hr
Landplane 12'X 45'
0.26 Hr
Pickup Truck, 1/2 Ton
2.67 Hr
Rood, 3 Row W/Basket
0.18 Hr
Saddle Tk Sprayer, 2 Tk 8
1.00 Hr
Tractor, 150 PTO HP,
2.26 Hr
Cotton Picker, 2 Row
Dbl. Offset Disk, 16'
Module Builder
Planter, Drill Type, 6 Row
Rotary Stalk Cutter, 4 Row
Tractor, 80 PTO HP,
V-Ripper, 7 Shnk
MATERIALS REQUIREMENT ( per Acre)
32-00-00, URAN 32, Lqd
36.00 Ga
Fenpropathrin
16.00 Oz
Methyl Parathion
8.00 Pt
Upl Cotton Sd+NU-Flow
16.00 Lb
Acephate
Lambdacyhalothrin
Module Tarps
Water, Pump
LABOR REQUIREMENT ( per Acre)
Hand Weeders
5.27 Hr
Tractor
5.19 Hr
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
11.81
7.86
66.30
21.43
24.33
43.01
40.11
36.61
18.54
25.22
29.50
15.03
20.50
16.48
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
127.6
Total P
0.0
Total K
0.0
Total Labor
16.5
Total Water
62.0
Page 58
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Harvest
1.38
0.43
0.45
0.22
0.20
0.99
0.22
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Cultipacker, 13'
Disk-Lister, 6 Rw
Moldboard Plow, 4-16 2
Rolling Cultivator, 6 Rw
Rowbuck, 10'
Tractor, 100 PTO HP,
0.20
0.15
0.38
1.50
0.11
1.91
1.34
10.24
36.00
62.00
Lb
Oz
C
AI
Cyanazine
Merphos
Pendimethalin
2.00 Qt
3.00 Pt
1.00 Pt
Irrigators
3.99 Hr
2.03 Hr
Hr
Hr
Hr
Hr
Hr
Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 155
Table 11E. Schedule of Operations; Pima Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Pima
AREA:
Salome/Wenden
First
No.Month Times
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
882.0 Lb / Acre
Operation
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Jan
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Mar
Mar
Mar
Mar
Apr
Apr
Apr
May
May
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
10.0
6.0
1.0
3.0
1.0
3.0
Disk
150 Dbl. Offset Disk, 16'
Rip
150 V-Ripper, 7 Shnk
Plow
150 Moldboard Plow, 4-16 2
Landplane
150 Landplane 12'X 45'
Apply Herbicide/Ground 80 Saddle Tk Sprayer, 2 Tk 8
List
150 Disk-Lister, 6 Rw
Buck Rows
80 Rowbuck, 10'
Make Ditches
100 Blade Scraper, 10'
Preirrigate
Plant
150 Planter, Drill Type, 6 Row
Scratch
80 Cultipacker, 13'
Irrigate
Disk Ends
80 Dbl. Offset Disk, 13'
Knock Ditches
100 Blade Scraper, 10'
Cultivate
100 Rolling Cultivator, 6 Rw
Hand Weeding
Apply Fert/Ground
150 Rolling Cultivator, 6 Rw
Saddle Tk Sprayer, 2 Tk 8 Row
Buck Rows
80 Rowbuck, 10'
Make Ditches
100 Blade Scraper, 10'
Hand Weeding
Apply Herbicide/Ground 80 Saddle Tk Sprayer, 2 Tk 8
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
18
19
20
21
22
May
May
Jul
Jul
Jul
4.0
4.0
1.0
1.0
2.0
23
Jul
2.0 Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
24
25
26
27
28
29
30
31
32
33
34
35
Sep
Oct
Oct
Oct
Nov
Oct
Dec
Oct
Oct
Dec
Nov
Dec
1.0
2.0
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
1.0
1.0
100 Blade Scraper, 10'
CST Air Spray, 5 Gal Mix
Cotton Picker, 2 Row
100 Module Builder
Cotton Picker, 2 Row
CST Haul Cotton Modules
100 Rood, 3 Row W/Basket
CST Gin Pima Cotton
CST Class Cotton, HVI
CST Pima (Low Elev)
100 Rotary Stalk Cutter, 4 Row
150 Dbl. Offset Disk, 16'
Pickup Truck, 1/2 Ton
Prepare Ends
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Haul, Custom
Cotton, Rood
Cotton Ginning
Cotton Classing
Crop Assessment
Cut Stalks
Disk Residue
Pickup use 80 Mi/Ac
Page 59
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Job Rate
Acres/Hr
4.00
4.00
2.40
3.50
4.00
6.00
40.00
40.00
1.31
4.00
5.00
3.10
20.00
20.00
3.00
0.43
4.50
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
Pendimethalin
Water, Pump
Upl Cotton Sd+NU-Flow
Water, Pump
32-00-00, URAN 32,
40.00
40.00
0.34
5.00 Cyanazine
Lambdacyhalothrin
Acephate
Fenpropathrin
Methyl Parathion
40.00
Merphos
1.00
2.00 Module Tarps
1.50
1.00 Pt
21.33 Ga
12.00 AI
16.00 Lb
43.05 AF
72.00 Lb
5.00 AI
43.05 AF
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Hand
Tractor
12.00 Ga 173.00 Tn
2.00
5.12
0.67
8.00
4.00
Qt 30.50 Ga
Oz 278.75 Ga
Lb 10.31 Lb
Oz 174.00 Ga
Pt 27.50 Ga
1.50 Pt
36.00
C
49.88 Ga
4.23 Ac
Tractor
Tractor
Hand
Tractor
4.23 Ac
Tractor
4.75 Ac
0.05 CW
0.00Mu
5.00
4.50
4.50
0.38
Labor
Type
Harvest
Harvest
Harvest
Tractor
2.75 Cs
1.25 Ba
3.55 Ba
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 15 / 155