Table 13A. Income and Cash Operating Summary; Winter Wheat, 1998
COUNTY: La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 66
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Quantity
5,900.00
Price/
Unit
$0.06
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Budgeted
/Acre
$365.80
Total
/Acre
Your Farm
Budget
$365.80
____________
34.56
____________
____________
____________
72.17
____________
____________
____________
____________
22.05
____________
____________
____________
150.68
____________
____________
____________
22.26
____________
____________
16.04
18.53
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
55.84
10.79
5.54
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
8.39
13.66
Irrigation Water (excluding labor)
Natural Gas/Pumping
Repairs and Maintenance
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
128.74
21.94
Other Purchased Inputs &
Seed/Transplants
22.26
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------301.72
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
1.06
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.46
0.40
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
1.06
____________
____________
0.85
____________
____________
____________
72.30
-------------74.21
____________
8.97
14.70
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$399.60
($33.80)
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 216
Table 13B. Allocations of Ownership Costs; Winter Wheat, 1998
COUNTY:La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
FARM: Salome Area (LaPaz)
WATER SOURCE:
McMullen Valley, Nat.
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
5,900.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 67
$0.06 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$365.80
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$365.80
$399.60
$399.60
($33.80)
2.96
10.96
19.98
11.99
-------------45.89
($33.80)
2.96
10.96
19.98
11.99
-------------45.89
445.49
445.49
($79.69)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
($79.69)
16.58
44.13
7.46
21.74
-------------89.91
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($79.69)
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
7.66
27.00
-------------34.66
-------------Total Land Costs
7.66
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($87.36)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------53.55
31.97
-------------202.44
=============
=============
TOTAL COST
$453.16
$602.04
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($87.36)
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
($169.61)
$0.07
$0.01
$0.08
($204.27)
($236.24)
$0.07
$0.03
$0.10
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 216
Table 13C. Variable Operating Costs; Winter Wheat, 1998
COUNTY:La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Oct
Oct
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Jan
Mar
Apr
May
Jun
Jun
Jun
Jul
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
---- Hours * ---Machine Labor
Disk
Plow
Apply Fert/Ground
List
Plant
Disk Ends
Buck Rows
Make Ditches
Irrigate
Irrigate/Run Fertilizer
Apply Herbicide/Ground
Irrigate
Apply Insecticide/Air
Prepare Ends
Combine Harvest
Haul, Custom 58 CW
Disk Residue 58 CW
Pickup Use35 Mi/Acre
Operating Interest at 10.0
0.225
0.180
0.113
0.257
0.200
0.045
0.022
0.113
0.113
Page 68
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.250
0.200
0.125
0.286
0.222
0.050
0.025
0.125
0.667
0.333
0.125
0.318
3.36
2.39
1.30
3.66
2.41
0.44
0.14
0.85
43.05
17.94
1.05
17.94
2.12
1.69
1.06
2.42
1.88
0.42
0.21
1.06
4.72
2.35
1.06
2.25
0.125
0.85
1.06
22.58
22.26
11.09
7.91
4.23
0.113
57.80
14.50
0.200
1.167
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
0.222
2.98
8.97
1.88
6.56
Tot. Cash
Expenses
Times
5.47
4.09
24.94
6.08
26.55
0.86
0.35
1.91
47.77
31.38
10.01
20.19
10.79
1.91
57.80
14.50
4.86
2.0
1.0
1.0
1.0
1.0
2.0
1.0
1.0
1.0
3.0
0.7
3.0
1.0
1.0
1.0
1.0
1.0
10.95
4.09
24.94
6.08
26.55
1.72
0.35
1.91
47.77
94.14
7.01
60.56
10.79
1.91
57.80
14.50
4.86
8.97
14.70
14.70
Class
L
L
G
L
L
G
G
G
G
G
G
G
G
H
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
399.60
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.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
52.53
Growing (G)
249.19
Harvest (H)
74.21
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
23.67
=============
Total (T)
$399.60
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.05
$0.06
$0.06
$0.07
$0.08 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
4,425.0
5,310.0
5,900.0
6,490.0
7,375.0
Break-even Yield
-173.97
-143.95
-123.94
-103.92
-73.90
-132.82
-94.57
-69.07
-43.57
-5.32
-105.38
-61.65
-32.49
-3.33
40.41
-77.95
-28.72
4.09
36.91
86.13
-36.80
20.66
58.96
97.27
154.72
9,553.62 7,497.98
6,557.35
5,826.42
4,991.79
0.09
0.07
0.07
0.06
0.06
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 15 / 216
Table 13D. Resource and Cash Flow Requirements; Winter Wheat, 1998
COUNTY:La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
Month *
Number
Irrigations
OCT P
DEC P
1.0
JAN C
1.0
FEB C
1.0
MAR C
1.0
APR C
2.0
MAY C
1.0
JUN C
JUL C
Pickup Use35 Mi/Acre
Operating Interest at 10.0
Total
%
7.0
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
12.0
5.0
5.0
5.0
10.0
5.0
42.0
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.45
1.75
0.33
0.33
0.42
0.64
0.32
0.17
0.22
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
5.75
55.20
17.94
17.94
18.67
35.88
17.94
1.29
2.98
8.97
4.64
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
178.9
Total P
78.0
Total K
0.0
Total Labor
4.6
Total Water
42.0
Page 69
3.81
13.89
2.35
2.35
3.10
4.50
2.25
1.48
1.88
182.55
45.68
35.62
8.91
22.58
11.09
11.09
16.62
6.56
67.94
17.00
14.70
9.56
113.93
31.38
31.38
38.39
40.37
30.98
38.92
41.01
8.97
14.70
91.23
22.83
399.60
100.00
22.26
4.23
36.15
36.15
22.26
5.57
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
10.8 Gal
Unleaded Gas
3.5
Gal
Nat Gas/Pumping
347.3 Therms
All Direct Energy
36.7 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.23 Hr
Disk-Lister, 6 Rw
0.26 Hr
Pickup Truck, 1/2 Ton
1.17 Hr
Tractor, 80 PTO HP,
0.22 Hr
Dbl. Offset Disk, 13'
Fertilizer Spreader, 28'
Root Cutter-Puller, 6 Row
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
11-52-00, Dry
150.00 Lb
Dimethoate
2.00 Pt
2,4-d
Milling Wheat Sd, Cert
LABOR REQUIREMENT ( per Acre)
Irrigators
2.62 Hr
Tractor
0.74
0.11
0.18
0.76
Hr
Hr
Hr
Hr
2.80 Pt
150.00 Lb
Directed Spray Rig, 16
Grain Drill, 14'
Rowbuck, 10'
Tractor, 150 PTO HP,
82-00-00, Anhyd.
Water, Pump
0.08
0.20
0.02
0.83
Hr
Hr
Hr
Hr
198.00 Lb
42.00 AI
2.02 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 / 216
Table 13E. Schedule of Operations; Winter Wheat, 1998
COUNTY:La Paz
CROP:
Wheat, Winter
AREA:
Salome/Wenden
First
No.MonthTimes
FARM: Salome Area (LaPaz)
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
Operation
Page 70
WATER SOURCE:
McMullen Valley, Nat.
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
8
9
10
Oct
Oct
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Jan
2.0
1.0
1.0
1.0
1.0
2.0
1.0
1.0
1.0
3.0
Disk
Plow
Apply Fert/Ground
List
Plant
Disk Ends
Buck Rows
Make Ditches
Irrigate
Irrigate/Run Fertilizer
150 Dbl. Offset Disk, 13'
150 Root Cutter-Puller, 6 Row
80 Fertilizer Spreader, 28'
100 Disk-Lister, 6 Rw
100 Grain Drill, 14'
80 Dbl. Offset Disk, 13'
80 Rowbuck, 10'
100 Blade Scraper, 10'
11
12
13
14
15
16
17
Mar
Apr
May
Jun
Jun
Jun
Jul
0.7
3.0
1.0
1.0
1.0
1.0
1.0
Apply Herbicide/Ground100 Directed Spray Rig, 16
Irrigate
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Prepare Ends
100 Blade Scraper, 10'
Combine Harvest
CST Combine Wheat
Haul, Custom
CST Haul Grain
Disk Residue
150 Dbl. Offset Disk, 13'
Pickup use 35 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
4.00
5.00
8.00
3.50
4.50
20.00
40.00
8.00
1.50
3.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/22/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
11-52-00, Dry
150.00 Lb 284.00 Tn
Milling Wheat Sd, Cert
150.00 Lb
Water, Pump
Water, Pump
82-00-00, Anhyd.
8.00 2,4-d
3.10 Water, Pump
Dimethoate
8.00
12.00
5.00
66.00
4.00
5.00
2.00
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Irrigators
14.00 CW
AI 43.05 AF
AI 43.05 AF
Lb 317.00 Tn
Pt 14.92 Ga
AI 43.05 AF
Pt 24.75 Ga
Labor
Type
Tractor
Irrigators
4.23 Ac
Tractor
37.50 Ac
0.25 C
4.50
0.86
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 / 216