Table 9A. Income and Cash Operating Cost Summary, Barley, 1996 COUNTY: Maricopa CROP: Barley AREA: Salt River Project FARM: Maricopa County Farm ACRES: 1.0 YIELD: 4,900.0 Lb/Acre Item INCOME -> Page Grain WATER SOURCE: SRP IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Unit Quantity Price /Unit Pound 4,900.00 $0.0567 CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax) Paid Labor (including benefits) Tractor/Self Propelled Irrigation Other/Contract Chemicals & Custom Applications Fertilizers Herbicides Farm Machinery and Vehicles Diesel Fuel Repairs & Maint. Irrigation Water (excluding labor) Water Assessment (See Note Below) ** Other Purchased Inputs & Services Seed/Transplants Budgeted /Acre $277.83 CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) Tractor/Self Propelled Farm Machinery and Vehicles Diesel Fuel Repairs & Maint. Custom Harvest/Post Harvest TOTAL HARVEST AND POST HARVEST EXPENSE OPERATING OVERHEAD->PICKUP USE OPERATING INTEREST AT 8.0% TOTAL CASH OPERATING EXPENSES RETURNS OVER CASH OPERATING EXPENSES TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/03/96 Total /Acre Your Farm Budget $277.83 ____________ 20.82 ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ 9.44 11.21 0.18 95.24 75.66 19.58 10.48 4.82 5.66 6.66 ** 22.68 22.68 _________ 155.89 TOTAL CASH LAND PREPARATION AND GROWING EXPENSES 36 0.42 ____________ 48.15 _________ 49.06 ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ 7.43 4.89 ========= $217.27 $60.56 ____________ ____________ ============ ____________ ____________ 0.42 0.49 0.19 0.30 Notes: The above figures do not include ownership costs, see Table 9B on Next Page for detailed cost allocation. ** A water assessment charge of $20.34/Acre is included in the ownership costs of Table 9B. ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 5/37 Table 9B. Allocation of Ownership Costs; Barley, 1996 COUNTY: Maricopa CROP: Barley AREA: Salt River Project FARM: Maricopa County Farm ACRES: 1.0 YIELD: 4,900.0 Lb/Acre Page WATER SOURCE: SRP IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland - CASH COST BASIS ($/ACRE) Income & Costs Net Returns Item TOTAL INCOME at $ 0.0567/Lb TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES | | 37 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/03/96 - TOTAL COST BASIS ($/ACRE) Income & Costs Net Returns | $277.83 | 217.26 $60.56 | $60.56 | CASH OVERHEAD EXPENSES | Taxes, Housing & Insur., Farm Machinery 1.22 | 1.22 Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.) 10.86 | 10.86 General Farm Maint. ( 3% of Tot. Oper. Exp.) 6.52 | 6.52 ________ | _________ Total Cash Overhead Expenses 18.60 | 18.60 | Total Cash Oper. & Over. Cost 235.86 | 235.86 RETURNS OVER CASH OPER. & OVER. EXPENSES. 41.96 | 41.96 | CAPITAL ALLOCATIONS (100% Equity) | Capital Replacement, Machinery & Vehicles | 6.72 Interest on Equity, Machinery & Vehicles | 3.69 | _________ Total Capital Allocations | 10.41 RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK —————————————————————————> 41.96 | RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————> 31.54 _________ | _________ LAND COSTS / OWNERSHIP (100% Equity) | Property Taxes ($702 X 16% X .12601) 14.15 | 14.15 Opport. Inter. on Land (100% X 6.0% X $702) | 42.12 Water Assessment ** 20.34 | 20.34 ————— | ————— Total Land Costs 34.49 | 76.61 RETURNS TO MANAGEMENT, CAPITAL & RISK ———————————————————————————————> 7.46 | RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>( 45.06) | Management Services ( 8% of Tot. Oper. Exp.) | 17.38 _________ | __________ TOTAL OWNERSHIP COST 53.09 | 123.01 ========= | ========== TOTAL COST $270.36 | $340.27 RETURN TO MANAGEMENT, CAPITAL & RISK ————————————————————————————————> $7.46 | RETURN TO RISK (PROFITS) ——————————————————————————————————————————————————————————————————————————————>( $62.44) BREAK-EVEN PRICE TO COVER OPERATING COST (PER BREAK-EVEN PRICE TO COVER OWNERSHIP COST BREAK-EVEN PRICE TO COVER TOTAL COST $277.83 217.26 Lb) $0.0443 $0.0108 $0.0551 | | | $0.0443 $0.0251 $0.0694 ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 5/37 Table 9C. Variable Operating Costs; Barley, 1996 COUNTY: Maricopa CROP: Barley AREA: Salt River Project First No. Month 1 2 3 4 5 6 7 8 9 10 11 12 13 Dec Dec Dec Dec Dec Dec Jan Feb Apr May May May Jun Page FARM: Maricopa County Farm ACRES: 1.0 YIELD: 4,900.0 Lb/Acre Operation WATER SOURCE: SRP IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland —— Hours * — | ———————— Operating Costs ($/Acre*) ———————— Machine Labor | Fuel/Rps. Labor Cust/Ser. Materials Total Apply Fert/Ground Disk Make Borders Plant Buck Rows Irrigate Apply Herbicide/Air Irrigate/Run Fertilizer Irrigate Prepare Ends Combine Harvest Haul, Custom 54.0 CW Disk Residue Pickup Use 30 Mi/Ac Operating Interest at 8.00% 0.180 0.170 0.113 0.225 0.022 0.045 0.300 1.000 0.200 0.189 0.125 0.250 0.050 0.400 0.300 0.300 0.050 0.333 | | | | | | | | | | | | | 1.44 2.71 1.09 2.58 0.14 1.68 1.59 1.05 2.10 0.39 2.80 32.81 22.68 8.32 0.49 11.26 21.43 3.33 2.10 2.10 0.42 34.65 13.50 2.53 7.43 2.80 4.89 TOTAL CASH OPERATING EXPENSES: $18.40 $21.23 $61.36 $116.27 35.93 4.30 2.14 27.36 0.53 2.80 19.58 23.53 5.43 0.91 34.65 13.50 5.33 38 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/03/96 Times 1.0 1.0 1.0 1.0 1.0 1.0 1.0 2.0 2.0 1.0 1.0 1.0 1.0 Tot. Cash Expense Class 35.93 4.30 2.14 27.36 0.53 2.80 19.58 47.06 10.86 0.91 34.65 13.50 5.33 7.43 4.89 _______ $217.26 G L G L G G G G G H H H L O O 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 $20.34/Acre included as ownership cost in Table 9B. OPERATING COST SUMMARY BY CLASS Land Preparation (L) $36.98 Growing (G) 118.89 Harvest (H) 49.06 Post Harvest (P) 0.00 Marketing (M) 0.00 Operating Overhead (O) 12.32 ————— Total (T) $217.26 | | | | | | | | | | | SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre) Prices -> | -25% -10% Budgeted +10% +25% ———————————————————————————————————————————————————————————————————————————————————— Yields | $0.04 $0.05 $0.05 $0.06 $0.07 Break-even |——————————————————————————————————————————————————————————————— -25% 3,675.0 | -48.71 -17.46 3.37 24.21 55.46 0.05 -10% 4,410.0 | -24.82 12.68 37.69 62.69 100.20 0.04 Budgeted 4,900.0 | -8.88 32.78 60.56 88.35 130.02 0.04 +10% 5,390.0 | 7.04 52.88 83.44 114.00 159.84 0.04 +25% 6,125.0 | 30.93 83.03 117.76 152.48 204.58 0.03 Break-even Yield | 5,173.41 4,100.71 3,602.70 3,212.55 2,763.62 ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 5/37 Table 9D. Resource and Cash Flow Requirements; Barley, 1996 COUNTY: Maricopa CROP: Barley AREA: Salt River Project Month * Number Irrig. Water Applied (Inches) FARM: Maricopa County Farm ACRES: 1.0 YIELD: 4,900.0 Lb/Acre | | | Total Labor (Hrs) DEC P 1.0 8.0 JAN C FEB C 1.0 6.0 MAR C 1.0 6.0 APR C 2.0 12.0 MAY C JUN C Pickup Use 30 Mi/Ac Operating Interest at 8.0% Water Assessment 1.21 Total % 2.79 5.0 32.0 | | | | | | | 0.30 0.30 0.60 0.05 0.33 WATER SOURCE: SRP IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland 39 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/03/96 ———————————————————————— Operating Cost ($/Acre) ———————————————————————— Purchased Fuel, Oil Other Water & Repairs Labor Chemicals Purchases Services Total 7.95 9.61 32.81 11.26 21.43 21.43 2.10 2.10 4.20 0.42 2.80 6.66 0.49 2.53 7.43 22.68 4.85 73.05 19.58 23.53 23.53 10.86 5.41 31.83 7.43 4.85 44.17 22.07 200.09 100.00 8.32 4.50 26.50 ** | | 6.66 3.32 TOTAL RESOURCES REQUIREMENTS(/Acre) Total N 167.4 lbs Total P 50.0 lbs Total K 0.0 lbs Total Labor 2.7 Hrs Total Water 32.0 AI 18.40 9.19 21.24 10.61 TOTAL ENERGY REQUIREMENTS(/Acre) Diesel Fuel 5.7 Regular Gas 0.0 NonLead Gas 3.0 All Direct Energy EQUIPMENT REQUIREMENTS(/Acre) Tractor, 100 PTO HP, MFWD Offset Disk, 18' Grain Drill, 16' Offset Disk, 13.5' 0.75 0.17 0.23 0.05 MATERIALS REQUIREMENTS(/Acre) 16-20-00, Dry Dicamba 250.00 Lb 1.00 Pt LABOR REQUIREMENTS(/Acre) Tractor Page Hrs Hrs Hrs Hrs 1.17 Hrs 1.1 Fertilizer Broadcaster, Towed Tractor, 125 PTO HP, MFWD Tractor, 80 PTO HP, MFWD Rotary Hoe, 4 Rw Barley Sd, Cert 32-00-00, URAN 32, Lqd Other 86.93 43.45 22.68 11.33 Gal Gal Gal M BTU 0.18 0.11 0.02 0.30 Hrs Hrs Hrs Hrs 90.00 Lb 36.00 Ga 0.03 Hrs * NOTE: P = Previous Year C = Current Year N = Next Year ** A water assessment charge of $20.34/Acre included as ownership cost in Table Tractor, 150 PTO HP, MFWD Border Disk, Heavy Duty Rowbuck, 10' Pickup Truck, 1/2 Ton Water, District 0.17 0.11 0.02 1.00 Hrs Hrs Hrs Hrs 32.00 AI Irrigators 9B. 1.60 Hrs ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 5/37 Table 9E Schedule of Operations; Barley, 1996 COUNTY: Maricopa CROP: Barley AREA: Salt River Project First No. Month Times Page FARM: Maricopa County Farm ACRES: 1.0 YIELD: 4,900.0 Lb/Acre Operation Apply Fert/Ground Disk Make Borders Plant Buck Rows Equipment/Custom Oper. HP Self-Prop./Implem. WATER SOURCE: SRP IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland 1 2 3 4 5 Dec Dec Dec Dec Dec 1.0 1.0 1.0 1.0 1.0 100 150 125 100 80 6 7 8 Dec Jan Feb 1.0 Irrigate 1.0 Apply Herbicide/Air 2.0 Irrigate/Run Fertiliz 9 10 11 12 13 Apr May May May Jun 2.0 1.0 1.0 1.0 1.0 Job Rate Acres/Hr Fertilizer Broadcaster, Offset Disk, 18' Border Disk, Heavy Duty Grain Drill, 16' Rowbuck, 10' CST Air Spray, 5 Gal Mi Irrigate Prepare Ends 100 Offset Disk, 13.5' Combine Harvest CST Combine Barley Haul, Custom CST Haul Grain Disk Residue 100 Rotary Hoe, 4 Rw Pickup Use 30 Mi/Ac Pickup Truck, 1/2 Ton TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/03/96 ———— Material Use & Cost ——— Service Cost Name Appl. Rate $/Unit $/Unit 5.00 16-20-00, Dry 5.30 8.00 4.00 Barley Sd, Cert 40.00 250.00 Lb 250.00 Tn 90.00 Lb 24.00 CW 2.50 Water, District 8.00 AI Dicamba 1.00 Pt 3.33 Water, District 6.00 AI 32-00-00, URAN 32, 18.00 Ga 3.33 Water, District 6.00 AI 20.00 40 0.00 85.76 0.00 205.00 0.00 AF Ga AF Tn AF Labor Type Tractor Tractor Tractor Tractor Tractor Other Irrigator 8.32 Ac Irrigator Irrigator Tractor 17.50 Ac 0.25 CW 3.00 1.00 Tractor * NOTE: Machine times, labor times, and material rates are for one time over the designated acreage. ** A water assessment charge of $20.34/Acre included as ownership cost in Table 9B. ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 5/37