Table 12A. Income and Cash Operating Summary; Upland Cotton, 1998
COUNTY: La Paz
CROP:
Cotton, Upland
AREA:
Salome/Wenden
INCOME ⇒
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
1,217.0 Lb / Acre
Item
Unit
Lint
Cottonseed
Pound
Ton
Page 60
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
1,217.00
1.10
Price/
Unit
$0.68
$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
$827.56
$146.96
44.10
35.39
30.52
45.63
128.14
18.99
23.24
31.20
3.79
14.38
Chemicals and Custom Applications
Other Chemicals
21.57
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
9.66
57.11
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.
____________
____________
110.01
____________
____________
____________
____________
192.76
____________
____________
____________
____________
54.44
____________
____________
____________
____________
____________
____________
12.21
12.21
Your Farm
Budget
$974.52
233.20
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
Total
/Acre
199.24
33.95
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
-------------602.62
____________
____________
____________
18.17
____________
____________
____________
21.57
____________
____________
66.77
____________
____________
____________
3.04
134.23
11.07
1.38
-------------256.22
20.50
33.42
____________
____________
____________
____________
=============
===================
$912.76
$61.76
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 186
Table 12B. Allocations of Ownership Costs; Upland Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Upland
AREA:
Salome/Wenden
Item
TOTAL INCOME at
Page 61
FARM: Salome Area (LaPaz)
WATER SOURCE:
McMullen Valley, Nat.
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
1,217.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.68 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$974.52
$912.76
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$974.52
$61.76
12.78
16.96
45.64
27.38
-------------102.77
$912.76
12.78
16.96
45.64
27.38
-------------102.77
1,015.53
1,015.53
($41.01)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($41.01)
87.52
68.30
37.11
33.65
-------------226.58
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($41.01)
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
-------------110.43
73.02
-------------437.03
=============
=============
TOTAL COST
$1,023.20
$1,349.80
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($48.68)
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
($267.59)
7.66
27.00
-------------34.66
-------------Total Land Costs
7.66
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($48.68)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
$61.76
$0.63
$0.09
$0.72
($302.26)
($375.28)
$0.63
$0.36
$0.99
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 186
Table 12C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Upland
AREA:
Salome/Wenden
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
Jan
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Mar
Mar
Mar
Mar
Apr
Apr
Apr
May
May
May
May
Jul
Jul
Jul
Jul
Jul
Sep
Oct
Oct
Oct
Oct
Nov
Oct
Dec
Oct
Oct
Dec
Nov
Dec
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
1,217.0 Lb / Acre
Disk
Rip
Plow
Laser Level
Apply Herbicide/Ground
List
Buck Rows
Make Ditches
Preirrigate
Plant
Scratch
Irrigate
Disk Ends
Knock Ditches
Cultivate
Hand Weeding
Cultivate
Buck Rows
Make Ditches
Hand Weeding
Spike Furrows
Apply Herbicide/Ground
Apply Insecticide/Air
Apply Insecticide/Air
Prepare Ends
Apply Defoliant/Air
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Haul, Custom .2 Mu
Cotton, Rood .2 Mu
Cotton Ginning 35.8 Cs
Cotton Classing 2.4 Ba
Crop Assessment 2.4 Ba
Cut Stalks 2.4 Ba
Disk Residue 2.4 Ba
Pickup Use80 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.225
0.225
0.378
0.900
0.225
0.150
0.022
0.022
Page 62
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
3.55
2.89
5.37
10.87
1.62
2.71
0.14
0.17
35.88
4.08
1.23
17.94
0.44
0.34
2.71
0.225
0.180
0.250
0.250
0.420
1.000
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
0.250
0.200
1.86
1.29
2.12
2.12
3.56
8.47
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
2.12
1.69
0.022
0.025
0.17
0.21
0.225
0.200
0.045
0.045
0.300
0.200
0.022
0.022
2.94
0.14
0.17
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
15.21
4.23
4.23
16.16
24.78
19.14
4.75
4.75
6.45
5.62
1.38
134.23
3.04
11.07
0.200
0.200
2.667
0.222
0.222
1.82
2.98
20.50
1.88
1.88
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
Times
5.67
5.01
8.93
19.34
6.56
4.12
0.35
0.38
41.27
18.41
2.76
20.22
0.86
0.76
5.54
15.63
20.04
0.35
0.38
19.76
3.97
19.15
29.01
23.37
0.38
11.20
10.37
43.90
11.15
29.27
3.77
134.23
3.04
11.07
3.70
4.86
1.0
1.0
1.0
0.5
1.0
1.0
1.0
1.0
1.0
1.0
1.0
11.0
6.0
1.0
3.0
1.0
3.0
4.0
4.0
1.0
1.0
1.0
2.0
3.0
1.0
1.0
1.0
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
1.0
1.0
33.42
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
9.67
6.56
4.12
0.35
0.38
41.27
18.41
2.76
222.44
5.16
0.76
16.61
15.63
60.11
1.39
1.51
19.76
3.97
19.15
58.02
70.12
0.38
11.20
10.37
43.90
11.15
23.41
3.77
134.23
3.04
11.07
3.70
4.86
20.50
33.42
=============
912.76
Class
L
L
L
L
G
L
G
G
G
L
G
G
G
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
H
H
H
H
P
M
M
P
L
T
Table 12C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Upland
AREA:
Salome/Wenden
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
1,217.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
56.67
Growing (G)
545.95
Harvest (H)
104.18
Post Harvest (P)
137.93
Marketing (M)
14.12
Operating Overhead (O)
53.92
=============
Total (T)
$912.76
Page 63
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.51
$0.61
$0.68
$0.75
$0.85 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
912.8
1,095.3
1,217.0
1,338.7
1,521.3
Break-even Yield
-378.46
-323.79
-287.35
-250.90
-196.23
-285.36
-212.07
-163.21
-114.35
-41.07
-223.29
-137.59
-80.46
-23.32
62.38
-161.22
-63.11
2.30
67.71
165.82
-68.12
48.61
126.43
204.26
320.99
2,176.54 1,623.54
1,388.38
1,212.72
1,019.28
0.92
0.81
0.75
0.70
0.64
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 186
Table 12D. Resource and Cash Flow Requirements; Upland Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Upland
AREA:
Salome/Wenden
Month *
Number
Irrigations
JAN C
FEB C
MAR C
2.0
APR C
1.0
MAY C
1.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
2.0
OCT C
NOV C
DEC C
Pickup Use80 Mi/Acre
Operating Interest at 10.0
Total
%
12.0
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
1,217.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
15.0
5.0
5.0
10.0
10.0
10.0
10.0
65.0
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.18 Hr
Dbl. Offset Disk, 13'
0.47 Hr
Drag Scraper, 14'
0.45 Hr
Module Builder
0.45 Hr
Planter, Drill Type, 6 Row
0.22 Hr
Rotary Stalk Cutter, 4 Row
0.20 Hr
Tractor, 80 PTO HP,
0.99 Hr
V-Ripper, 7 Shnk
0.22 Hr
MATERIALS REQUIREMENT ( per Acre)
32-00-00, URAN 32, Lqd
45.00 Ga
Cyanazine
2.00 Qt
Module Tarps
26.00 C
Upland Cotton Sd + Fung
18.00 Lb
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.92
0.97
1.52
0.76
3.30
1.40
4.26
0.75
0.72
0.85
0.93
0.89
374.90
41.07
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
11.81
10.06
59.12
21.43
24.33
43.01
41.97
36.61
36.48
25.22
29.50
14.86
20.50
17.27
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
159.3
Total P
0.0
Total K
0.0
Total Labor
17.3
Total Water
65.0
Page 64
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
7.80
8.20
11.32
5.95
23.47
10.97
30.03
5.42
5.20
6.01
6.60
7.23
128.18
14.04
33.42
19.60
21.08
82.66
27.38
63.01
69.19
155.75
94.41
65.05
122.12
91.56
47.03
20.50
33.42
212.42
23.27
912.76
100.00
2.83
12.21
15.21
15.21
75.30
43.92
19.14
12.07
183.68
20.12
0.69
0.55
0.14
13.59
1.49
8.46
8.46
4.23
78.14
54.91
24.80
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
40.2 Gal
Unleaded Gas
8.0 Gal
Nat Gas/Pumping
537.6 Therms
All Direct Energy
60.3 M BTU
Cotton Picker, 2 Row
Dbl. Offset Disk, 16'
Furrow Spike, 4 Rw
Moldboard Plow, 4-16 2
Rolling Cultivator, 6 Rw
Rowbuck, 10'
Tractor, 100 PTO HP,
1.38
0.22
0.22
0.38
1.50
0.11
2.13
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Cultipacker, 13'
Disk-Lister, 6 Rw
Laser, Complete System
Pickup Truck, 1/2 Ton
Rood, 3 Row W/Basket
Saddle Tk Sprayer, 2 Tk 8
Tractor, 150 PTO HP,
Acephate
Endothall
Paraquat
Sodium Chlorate
3.35
2.00
0.50
2.00
Lb
Pt
Pt
Ga
Bifenthrin
Lambdacyhalothrin
Pendimethalin
Water, Pump
LABOR REQUIREMENT ( per Acre)
Hand Weeders
5.27 Hr
Harvest
Tractor
5.65 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
2.03 Hr
Irrigators
0.20
0.15
0.45
2.67
0.18
1.00
2.45
Hr
Hr
Hr
Hr
Hr
Hr
Hr
7.68
15.36
1.00
65.00
Oz
Oz
Pt
AI
4.32 Hr
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 186
Table 12E. Schedule of Operations; Upland Cotton, 1998
COUNTY:La Paz
CROP:
Cotton, Upland
AREA:
Salome/Wenden
First
No.Month Times
1
2
3
4
Jan
Jan
Jan
Feb
1.0
1.0
1.0
0.5
5
6
7
8
9
10
11
12
13
14
15
16
17
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
11.0
6.0
1.0
3.0
1.0
3.0
18
19
20
21
22
23
May
May
Jul
Jul
Jul
Jul
4.0
4.0
1.0
1.0
1.0
2.0
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
1,217.0 Lb / Acre
Operation
Equipment/ Custom Oper
HP Self-Prop./ Implement
Disk
Rip
Plow
Laser Level
150 Dbl. Offset Disk, 16'
150 V-Ripper, 7 Shnk
150 Moldboard Plow, 4-16 2
150 Drag Scraper, 14'
Laser, Complete System
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
Cultivate
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
Spike Furrows
100 Furrow Spike, 4 Rw
Apply Herbicide/Ground 80 Saddle Tk Sprayer, 2 Tk 8
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
24 Jul
3.0 Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
25 Sep
26 Oct
27 Oct
1.0 Prepare Ends
1.0 Apply Defoliant/Air
1.0 Apply Defoliant/Air
100 Blade Scraper, 10'
CST Air Spray, 5 Gal Mix
CST Air Spray, 5 Gal Mix
28
29
30
31
32
33
34
35
36
37
1.0
1.0
0.8
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Cotton Picker, 2 Row
100 Module Builder
Cotton Picker, 2 Row
CST Haul Cotton Modules
100 Rood, 3 Row W/Basket
CST Gin Upland Cotton
CST Class Cotton, HVI
CST Upland (Low Elev)
100 Rotary Stalk Cutter, 4 Row
150 Dbl. Offset Disk, 13'
Pickup Truck, 1/2 Ton
Oct
Oct
Nov
Oct
Dec
Oct
Oct
Dec
Nov
Dec
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 65
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Clay-Loam
DATE:
2/22/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
4.00
4.00
2.40
1.00
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
Labor
Type
Tractor
Tractor
Tractor
Tractor
Pendimethalin
1.00 Pt
21.33 Ga
Water, Pump
10.00 AI
Upland Cotton Sd + Fung 18.00 Lb
43.05 AF
0.64 Lb
Water, Pump
43.05 AF
32-00-00, URAN 32,
40.00
40.00
0.34
4.00
5.00 Cyanazine
Bifenthrin
Acephate
Lambdacyhalothrin
Acephate
40.00
Endothall
Sodium Chlorate
Paraquat
1.00
2.00 Module Tarps
1.50
5.00
5.00 AI
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Hand
Tractor
15.00 Ga 173.00 Tn
2.00
3.84
0.67
5.12
0.67
Qt 30.50 Ga
Oz 549.00 Ga
Lb 10.31 Lb
Oz 278.75 Ga
Lb 10.31 Lb
Tractor
Tractor
Hand
Tractor
Tractor
4.23 Ac
4.23 Ac
Tractor
2.00 Pt
2.00 Ga
0.50 Pt
26.00
C
24.33 Ga
1.40 Ga
40.00 Ga
4.75 Ac
4.75 Ac
Harvest
Harvest
Harvest
0.05 CW
0.00Mu
Tractor
3.75 Cs
1.25 Ba
4.55 Ba
4.50
4.50
0.38
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
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