Table 11A. Income and Cash Operating Cost Summary, Grain Sorghum (Late), 1996
COUNTY: Maricopa
CROP:
Sorghum(Milo), Grain
AREA:
Salt River Project
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Item
INCOME ->
Grain
Page
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Unit
Quantity
Price
/Unit
Pound
3,600.00
$0.0682
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Other/Contract
Chemicals & Custom Applications
Fertilizers
Insecticides
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
$245.52
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: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/03/96
Total
/Acre
Your Farm
Budget
$245.52
____________
24.79
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
12.00
12.61
0.18
70.32
51.18
13.51
5.63
15.90
6.67
9.24
10.00
**
9.45
9.45
_________
130.47
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
46
2.29
____________
41.00
__________
45.63
____________
____________
____________
____________
____________
____________
____________
____________
7.43
2.36
==========
$185.89
$59.63
____________
____________
============
____________
____________
2.29
2.34
1.06
1.28
Notes: The above figures do not include ownership costs, see Table 11B on Next Page for detailed cost allocation.
** A water assessment charge of $10.17/Acre is included in the ownership costs of Table 11B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/39
Table 11B. Allocation of Ownership Costs; Grain Sorghum (Late), 1996
COUNTY: Maricopa
CROP:
Sorghum(Milo), Grain
AREA:
Salt River Project
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Page
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.0682/Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
47
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/03/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$245.52
|
185.88
$59.63
|
$59.63
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
2.16
|
2.16
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
9.29
|
9.29
General Farm Maint. ( 3% of Tot. Oper. Exp.)
5.58
|
5.58
_________
|
_________
Total Cash Overhead Expenses
17.03
|
17.03
|
Total Cash Oper. & Over. Cost
202.92
|
202.92
RETURNS OVER CASH OPER. & OVER. EXPENSES.
42.59
|
42.59
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
12.15
Interest on Equity, Machinery & Vehicles
|
5.24
|
_________
Total Capital Allocations
|
17.38
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ————————————————————————————>
42.59
|
RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————>
25.21
_________
|
_________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($702 X 16% X .12601)
7.07
|
7.07
Opport. Inter. on Land (100% X 6.0% X $702)
|
21.06
Water Assessment **
10.17
|
10.17
—————
|
—————
Total Land Costs
17.24
|
38.30
RETURNS TO MANAGEMENT, CAPITAL & RISK ——————————————————————————————————>
25.35
|
RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>(
13.09)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
14.87
_________
|
_________
TOTAL OWNERSHIP COST
34.28
|
87.59
=========
|
=========
TOTAL COST
$220.16
|
$273.48
RETURN TO MANAGEMENT, CAPITAL & RISK ———————————————————————————————————> $25.35
|
RETURN TO RISK (PROFITS) ———————————————————————————————————————————————————————————————————————————————>( $27.96)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$245.52
185.88
Lb)
$0.0516
$0.0095
$0.0611
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/39
$0.0516
$0.0243
$0.0759
Table 11C. Variable Operating Costs; Grain Sorghum (Late), 1996
COUNTY: Maricopa
CROP:
Sorghum(Milo), Grain
AREA:
Salt River Project
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Jun
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Aug
Oct
Oct
Oct
Nov
Nov
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Operation
Page
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
Disk
List
Plant
Apply Insecticide/Air
Buck Rows
Irrigate/Run Fertilizer
Apply Herbicide/Ground
Cultivate
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom
44.0 CW
Cut Stalks
Disk Residue
Pickup Use 30 Mi/Ac
Operating Interest at 8.00%
0.170
0.158
0.225
0.022
0.090
0.075
0.045
0.200
0.300
1.000
0.189 |
0.175 |
0.250 |
|
0.050 |
0.600 |
0.100 |
0.083 |
0.300 |
0.050 |
|
|
0.222 |
0.333 |
2.71
1.86
3.03
1.59
1.47
2.10
9.45
7.51
6.00
0.14
0.85
0.68
0.49
0.39
4.20
0.84
0.70
2.10
0.42
51.18
5.63
2.50
30.00
11.00
1.85
3.27
7.43
1.87
2.80
2.37
TOTAL CASH OPERATING EXPENSES:
$25.68
$27.07
$49.37
$83.77
4.30
3.33
14.58
13.51
0.53
55.38
7.32
1.38
4.60
0.91
30.00
11.00
3.72
6.07
48
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/03/96
Times
2.0
1.0
1.0
1.0
1.0
1.0
1.0
2.0
4.0
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense Class
8.59
3.33
14.58
13.51
0.53
55.38
7.32
2.75
18.40
0.91
30.00
11.00
3.72
6.07
7.43
2.37
________
$185.89
L
L
L
G
G
G
G
G
G
H
H
H
P
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 $10.17/Acre included as ownership cost in Table 11B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$32.56
Growing (G)
97.88
Harvest (H)
41.91
Post Harvest (P)
3.72
Marketing (M)
0.00
Operating Overhead (O)
9.80
—————
Total (T)
$185.88
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
————————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.05
$0.06
$0.06
$0.07
$0.08
Break-even
|———————————————————————————————————————————————————————————————
-25%
2,700.0
|
-36.37
-8.75
9.66
28.07
55.69
0.06
-10%
3,240.0
|
-15.59
17.54
39.64
61.74
94.88
0.05
Budgeted 3,600.0
|
-1.74
35.08
59.63
84.18
121.01
0.05
+10%
3,960.0
|
12.10
52.61
79.62
106.62
147.14
0.04
+25%
4,500.0
|
32.88
78.91
109.60
140.29
186.33
0.04
Break-even Yield
| 3,645.38 2,879.70 2,525.99 2,249.67 1,932.56
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/39
Table 11D. Resource and Cash Flow Requirements; Grain Sorghum (Late), 1996
COUNTY: Maricopa
CROP:
Sorghum(Milo), Grain
AREA:
Salt River Project
Total
Labor (Hrs)
|
|
|
JUN C
JUL C
1.0
12.0
AUG C
2.0
12.0
SEP C
2.0
12.0
OCT C
NOV C
Pickup Use 30 Mi/Ac
Operating Interest at 8.0%
Water Assessment
0.37
1.34
0.60
0.60
0.05
0.55
|
|
|
|
|
|
Total
%
3.52
Month *
Number
Irrig.
5.0
Water
Applied
(Inches)
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
36.0
MATERIALS REQUIREMENTS(/Acre)
Grain Sorghum Sd
32-00-00, URAN 32, Lqd
LABOR REQUIREMENTS(/Acre)
Tractor
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
49
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/03/96
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
5.41
7.22
10.00
0.49
5.12
7.43
3.18
10.40
4.20
4.20
0.42
4.67
64.32
9.45
2.33
8.59
97.40
4.20
14.20
5.66
33.54
7.43
2.33
36.83
21.24
173.35
100.00
6.00
4.75
23.75
**
|
|
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
152.2 lbs
Total P
0.0 lbs
Total K
0.0 lbs
Total Labor
3.5 Hrs
Total Water
36.0 AI
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 150 PTO HP, MFWD
Lister, 7 Bottom
Rowbuck, 10'
Rolling Cultivator, 6 Rw
Pickup Truck, 1/2 Ton
Page
0.34
0.16
0.02
0.15
1.00
10.00
5.76
25.68
14.81
27.08
15.62
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
8.8
Regular Gas
0.0
NonLead Gas
3.0
All Direct Energy
Hrs
Hrs
Hrs
Hrs
Hrs
10.00 Lb
43.00 Ga
1.70 Hrs
Offset Disk,
Grain Drill,
Tractor, 100
Offset Disk,
18'
16'
PTO HP, MFWD
13.5'
1.6
64.32
37.10
9.45
5.45
Gal
Gal
Gal
M BTU
0.34
0.23
0.79
0.35
Hrs
Hrs
Hrs
Hrs
Tractor, 125 PTO HP, MFWD
Tractor, 80 PTO HP, MFWD
Directed Spray Rig, 16 Row
Rotary Stalk Cutter, 4 Row
Disulfoton
Dicamba
1.00 Pt
0.50 Pt
Water, District
Other
0.03 Hrs
Irrigators
0.38
0.02
0.09
0.20
Hrs
Hrs
Hrs
Hrs
36.00 AI
* NOTE:
P = Previous Year C = Current Year
N = Next Year
** A water assessment charge of $10.17/Acre included as ownership cost in Table 11B.
1.80 Hrs
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/39
Table 11E
Schedule of Operations; Grain Sorghum (Late), 1996
COUNTY: Maricopa
CROP:
Sorghum(Milo), Grain
AREA:
Salt River Project
First
No. Month Times
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Page
Operation
Equipment/Custom Oper.
HP
Self-Prop./Implem.
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
1
2
3
4
5
Jun
Jul
Jul
Jul
Jul
2.0
1.0
1.0
1.0
1.0
Disk
150
List
125
Plant
125
Apply Insecticide/Air
Buck Rows
80
6
Jul
1.0 Irrigate/Run Fertiliz
7
8
9
10
11
12
13
14
Jul
Jul
Aug
Oct
Oct
Oct
Nov
Nov
1.0
2.0
4.0
1.0
1.0
1.0
1.0
1.0
Apply Herbicide/Groun100
Cultivate
100
Irrigate
Prepare Ends
100
Combine Harvest
Haul, Custom
Cut Stalks
100
Disk Residue
100
Pickup Use 30 Mi/Ac
Job Rate
Acres/Hr
5.30
5.70
4.00 Grain Sorghum Sd
Disulfoton
40.00
Directed Spray Rig, 16
Rolling Cultivator, 6 R
1.67 Water, District
12.00 AI
32-00-00, URAN 32, 43.00 Ga
10.00 Dicamba
0.50 Pt
12.00
3.33 Water, District
6.00 AI
20.00
Offset Disk, 13.5'
CST Combine Grain Sorgh
CST Haul Grain
Rotary Stalk Cutter, 4
Offset Disk, 13.5'
Pickup Truck, 1/2 Ton
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/03/96
———— Material Use & Cost ———
Service Cost
Name
Appl. Rate
$/Unit
$/Unit
Offset Disk, 18'
Lister, 7 Bottom
Grain Drill, 16'
CST Air Spray, 3 Gal Mi
Rowbuck, 10'
10.00 Lb
1.00 Pt
50
90.00 CW
57.21 Ga
Labor
Type
Tractor
Tractor
Tractor
6.00 Ac
Tractor
Other
Irrigator
0.00 AF
205.00 Tn
85.76 Ga
Tractor
Tractor
Irrigator
Tractor
0.00 AF
17.50 Ac
0.25 CW
4.50
3.00
1.00
Tractor
Tractor
* NOTE: Machine times, labor times, and material rates are for one time over the designated acreage.
** A water assessment charge of $10.17/Acre included as ownership cost in Table 11B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/39