Table
7A. Income and Cash Operating Cost Summary, Upland Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
Item
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
1,172.0 Lb/Acre
Unit
Page
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
INCOME ->
Lint
Pound
1,172.00
Cottonseed
Ton
1.03
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Hand
Irrigation
Chemicals & Custom Applications
Fertilizers
Insecticides
Herbicides
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs & Services
Seed/Transplants
Price
/Unit
$0.7200
114.6000
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Chemicals & Custom Applications
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessments
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
Budgeted
/Acre
$843.84
118.04
24
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
10/08/96
Total
/Acre
$961.88
66.05
31.71
13.32
21.02
232.05
60.76
143.93
14.58
12.78
40.06
17.81
22.26
30.00
**
33.60
33.60
__________
401.76
17.30
7.49
9.81
44.92
44.92
56.03
9.03
47.00
3.62
103.41
8.70
__________
233.98
14.86
11.33
==========
$661.93
$299.95
Your Farm
Budget
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
============
____________
____________
Notes: The above figures do not include ownership costs, see Table 7B on Next Page for detailed cost allocation.
** A water assessment charge of $20.34/Acre is included in the ownership costs of Table 7B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/35
Table
7B. Allocation of Ownership Costs; Upland Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
1,172.0 Lb/Acre
Page
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.7200/Lb + 2nd Crop
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
25
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
10/08/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$961.88
|
661.93
$299.94
|
$299.94
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
9.92
|
9.92
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
33.09
|
33.09
General Farm Maint. ( 3% of Tot. Oper. Exp.)
19.86
|
19.86
________
|
________
Total Cash Overhead Expenses
62.87
|
62.87
|
Total Cash Oper. & Over. Cost
724.81
|
724.81
RETURNS OVER CASH OPER. & OVER. EXPENSES.
237.06
|
237.06
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
69.03
Interest on Equity, Machinery & Vehicles
|
29.06
|
________
Total Capital Allocations
|
98.09
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ———————————————————————————>
237.06
|
RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————>
138.97
_________
|
____________
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 —————————————————————————————————>
202.57
|
RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>
62.36
|
Management Services ( 8% of Tot. Oper. Exp.)
|
52.95
_________
|
_________
TOTAL OWNERSHIP COST
97.37
|
290.53
=========
|
=========
TOTAL COST
$759.30
|
$952.47
RETURN TO MANAGEMENT, CAPITAL & RISK ——————————————————————————————————> $202.57
|
RETURN TO RISK (PROFITS) ———————————————————————————————————————————————————————————————————————————————>
$9.40
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$961.88
661.93
Lb)
$0.4640
$0.0830
$0.5471
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/35
$0.4640
$0.2478
$0.7119
Table
7C. Variable Operating Costs; Upland Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Jan
Jan
Jan
Jan
Jan
Mar
Mar
Mar
Mar
Apr
May
May
Jun
Jun
Jun
Jul
Jul
Jul
Aug
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
Nov
Oct
* NOTES:
Page
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
1,172.0 Lb/Acre
Operation
Rip
Disk
Landplane
Apply Herb. & Incorporate
List
Mulch
Plant
Buck Rows
Irrigate
Disk Ends
Cultivate
Apply Fert/Ground
Hand Weeding
Apply Insecticide/Air
Apply Growth Regulator
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Ground
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Prepare Ends
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Rood
Haul, Custom
0.2 Mu
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
0.214
0.170
0.900
0.180
0.158
0.200
0.170
0.022
0.011
0.171
0.150
0.129
0.045
0.900
0.300
0.450
0.257
0.238
0.189
1.000
0.200
0.175
0.222
0.189
0.025
0.300
0.013
0.190
0.167
2.000
0.143
0.050
1.000
0.333
0.500
0.286
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.58
2.71
11.21
3.10
1.86
2.41
2.57
0.14
0.08
1.54
1.68
2.00
1.59
8.41
1.68
1.47
1.87
1.59
0.21
2.10
0.11
1.60
1.40
13.32
4.73
33.60
3.00
30.38
6.00
6.00
6.00
6.00
1.37
1.20
6.49
6.78
13.03
36.75
9.84
19.21
26.25
6.19
15.51
12.77
6.00
6.00
6.00
8.32
8.32
0.49
33.79
3.74
16.90
2.63
0.42
7.01
2.80
3.50
2.41
4.58
4.30
19.62
9.51
3.33
4.28
37.76
0.35
5.10
0.19
3.14
33.46
13.32
12.49
12.78
19.03
42.75
12.41
25.21
32.25
12.19
23.83
21.09
0.91
40.80
6.54
20.40
5.04
0.00
26
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
1.0
1.0
1.0
1.0
1.0
1.0
1.0
5.0
10.0
4.0
3.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.8
1.0
1.0
Tot. Cash
Expense Class
4.58
4.30
19.62
9.51
3.33
4.28
37.76
1.73
51.00
0.77
9.43
66.92
13.32
12.49
12.78
19.03
42.75
12.41
25.21
32.25
12.19
23.83
21.09
0.91
40.80
6.54
16.32
5.04
0.00
See next page for notes.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/35
L
L
L
G
L
L
L
G
G
G
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
H
H
H
H
Table
7C. Variable Operating Costs; Upland Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
First
No. Month
30
31
32
33
34
Oct
Dec
Dec
Dec
Dec
Page
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
1,172.0 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
Cotton Ginning
34.5 Cs
Cotton Classing
2.4 Ba
Crop Assessment
2.4 Ba
Cut Stalks
Disk Residue
Pickup Use 60 Mi/Ac
Operating Interest at 8.00%
0.200
0.300
2.000
|
|
|
0.222 |
0.333 |
103.41
3.62
8.70
1.85
3.27
14.85
103.41
3.62
8.70
3.72
6.07
1.87
2.80
11.35
TOTAL CASH OPERATING EXPENSES:
$110.95
$83.33
$185.73
$281.91
27
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense Class
103.41
3.62
8.70
3.72
6.07
14.85
11.35
_______
$661.91
P
M
M
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 $20.34/Acre included as ownership cost in Table 7B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$79.92
Growing (G)
321.78
Harvest (H)
114.53
Post Harvest (P)
107.13
Marketing (M)
12.32
Operating Overhead (O)
26.20
—————
Total (T)
$661.91
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
————————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.54
$0.64
$0.72
$0.79
$0.90 Break-even
|———————————————————————————————————————————————————————————————
-25%
879.0
|
-128.75
-33.82
29.46
92.75
187.68
0.68
-10%
1,054.8
|
-68.92
44.99
120.94
196.88
310.80
0.60
Budgeted 1,172.0
|
-29.03
97.54
181.92
266.30
392.88
0.56
+10%
1,289.2
|
10.85
150.08
242.90
335.73
474.96
0.53
+25%
1,465.0
|
70.68
228.90
334.38
439.86
598.08
0.49
Break-even Yield
| 1,257.30
954.44
822.37
722.41
611.01
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/35
Table
7D. Resource and Cash Flow Requirements; Upland Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
Month *
Number
Irrig.
Water
Applied
(Inches)
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
1,172.0 Lb/Acre
JAN C
FEB C
MAR C
1.0
6.0
APR C
1.0
6.0
MAY C
1.0
6.0
JUN C
2.0
12.0
JUL C
2.0
12.0
AUG C
2.0
12.0
SEP C
1.0
6.0
OCT C
NOV C
DEC C
Pickup Use 60 Mi/Ac
Operating Interest at 8.0%
Water Assessment
Total
%
10.0
|
|
|
Total
Labor (Hrs)
60.0
1.40
0.40
0.47
0.56
0.69
2.99
0.97
0.63
0.30
0.44
1.34
0.83
MATERIALS REQUIREMENTS(/Acre)
Trifluralin
46-00-00, Urea 46
Oxamyl
Methidathion
Thidiazuron/diuron
LABOR REQUIREMENTS(/Acre)
Tractor
Harvest
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
28
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
10/08/96
|
|
|
|
|
|
|
|
|
|
|
|
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
16.33
5.12
1.86
3.26
3.44
3.44
3.13
0.22
5.00
10.00
10.00
5.00
11.78
3.37
3.56
4.31
5.42
20.85
7.32
4.52
2.10
3.36
9.89
6.85
11.75
37.36
10.19
14.85
2.37
2.37
11.09
30.48
10.86
12.14
34.45
39.24
84.94
92.08
84.39
29.55
68.59
98.95
50.05
14.85
11.09
185.47
28.02
661.67
100.00
6.72
26.88
30.38
43.65
59.62
51.65
14.13
14.13
12.00
12.00
18.00
8.32
39.34
51.71
33.01
**
11.06
|
|
30.00
4.53
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
150.0 lbs
Total P
0.0 lbs
Total K
0.0 lbs
Total Labor
11.0 Hrs
Total Water
60.0 AI
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 150 PTO HP, MFWD
Landplane 12’X 45'
Tractor, 125 PTO HP, MFWD
Power Mulcher, 6 Rw
Tractor, 80 PTO HP, MFWD
Rolling Cultivator, 6 Rw
Offset Disk, 13.5'
Rood, 3 Row W/Basket Cleaner
Page
110.95
16.76
83.36
12.59
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
30.7
Regular Gas
0.0
NonLead Gas
6.0
All Direct Energy
1.46
0.90
0.16
0.20
0.71
0.64
0.35
0.26
1.20
326.00
1.50
3.00
9.50
V-Ripper, 5 Shnk
Dbl. Offset Disk, 16'
Lister, 7 Bottom
Bed Shaper, 6 Rw
Rowbuck, 10'
Fert. Side Dress Unit, 6Row
Cotton Picker, 2 Row
Rotary Stalk Cutter, 4 Row
Pt
Lb
Pt
Pt
Oz
Upland Bt Cotton
Acephate
Pyriproxyfen
Buprofezin
Sodium Chlorate
4.66 Hrs
1.40 Hrs
Irrigators
33.60
5.07
Gal
Gal
Gal
5.0
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
218.30
32.99
M BTU
0.21
0.18
0.16
0.17
0.11
0.30
1.26
0.20
16.00
0.67
8.00
0.50
2.00
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Offset Disk, 18'
Saddle Tk Sprayer, 2 Tk 8 Row
Tractor, 100 PTO HP, MFWD
Planter, 6 Row
Tandem Disk, 12'
Directed Spray Rig, 8 Row
Module Builder
Pickup Truck, 1/2 Ton
Lb
Lb
Oz
Lb
Ga
Water, District
Mepiquat Chloride
Prometryn
Methomyl
3.00 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
7B.
Hand Weeders
0.17
0.18
1.86
0.17
0.04
0.13
0.30
2.00
60.00
0.50
2.50
1.00
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
AI
Pt
Pt
Pt
2.00 Hrs
Table
7E
Schedule of Operations; Upland Cotton, 1996
COUNTY: Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
First
No. Month Times
Operation
1
2
3
4
Jan
Jan
Jan
Jan
1.0
1.0
1.0
1.0
5
6
7
Jan
Mar
Mar
1.0 List
1.0 Mulch
1.0 Plant
FARM: Maricopa County Farm
ACRES:
1.0
YIELD:
1,172.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
Rip
150
Disk
150
Landplane
150
Apply Herb. & Incorpo150
125
100
100
8
9
10
11
12
13
14
15
16
17
18
Mar 5.0 Buck Rows
80
Mar 10.0 Irrigate
Apr 4.0 Disk Ends
80
May 3.0 Cultivate
100
May 2.0 Apply Fert/Ground
100
Jun 1.0 Hand Weeding
Jun 1.0 Apply Insecticide/Air
Jun 1.0 Apply Growth Regulato
Jul 1.0 Apply Insecticide/Air
Jul 1.0 Apply Insecticide/Air
Jul 1.0 Apply Herbicide/Groun100
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Aug
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
Nov
Oct
Oct
Dec
Dec
Dec
Dec
1.0
1.0
1.0
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
Page
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Prepare Ends
100
Cotton, First Pick
Cotton, Make Modules 80
Cotton, Second Pick
Cotton, Rood
80
Haul, Custom
Cotton Ginning
Cotton Classing
Crop Assessment
Cut Stalks
100
Disk Residue
100
Pickup Use 60 Mi/Ac
WATER SOURCE:
SRP
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
V-Ripper, 5 Shnk
4.20
Offset Disk, 18'
5.30
Landplane 12’X 45'
1.00
Dbl. Offset Disk, 16'
5.00
Saddle Tk Sprayer, 2 Tk
Lister, 7 Bottom
5.70
Power Mulcher, 6 Rw
4.50
Bed Shaper, 6 Rw
5.30
Planter, 6 Row
Rowbuck, 10'
40.00
3.33
Tandem Disk, 12'
80.00
Rolling Cultivator, 6 R 5.30
Fert. Side Dress Unit,
6.00
0.50
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
Directed Spray Rig, 8
7.00
Rolling Cultivator, 6 R
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray, 5 Gal Mi
CST Air Spray, 5 Gal Mi
Offset Disk, 13.5'
20.00
Cotton Picker, 2 Row
1.00
Module Builder
3.00
Cotton Picker, 2 Row
2.00
Rood, 3 Row W/Basket Cl 3.50
CST Haul Cotton Modules
CST Gin Upland Cotton
CST Class Cotton, HVI
CST Upland (Low Elev)
Rotary Stalk Cutter, 4
4.50
Offset Disk, 13.5'
3.00
Pickup Truck, 1/2 Ton
0.50
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
10/08/96
———— Material Use & Cost ———
Service Cost
Name
Appl. Rate
$/Unit
$/Unit
Trifluralin
Water, District
46-00-00, Urea 46
Labor
Type
30.06 Ga
Tractor
Tractor
Tractor
Tractor
16.00 Lb
200.00 CW
Tractor
Tractor
Tractor
6.00 AI
0.00 AF
163.00 Lb
355.00 Tn
1.20 Pt
Upland Bt Cotton
29
Tractor
Irrigator
Tractor
Tractor
Tractor
Hand Weed
Acephate
Mepiquat Chloride
Oxamyl
Pyriproxyfen
Prometryn
0.67
0.50
1.50
8.00
2.50
Lb
Pt
Pt
Oz
Pt
9.23
103.28
66.19
560.00
30.00
Lb
Ga
Ga
Ga
Ga
6.00
6.00
6.00
6.00
Methidathion
Buprofezin
Methomyl
Thidiazuron/diuron
Sodium Chlorate
3.00
0.50
1.00
9.50
2.00
Pt
Lb
Pt
Oz
Ga
48.80
50.00
47.16
199.00
6.08
Ga
Lb
Ga
Ga
Ga
6.00
6.00
6.00
8.32
8.32
Ac
Ac
Ac
Ac
Tractor
Ac
Ac
Ac
Ac
Ac
Tractor
Harvest
Tractor
Harvest
Tractor
0.00
3.00
1.50
3.60
Mu
Cs
Ba
Ba
Tractor
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 7B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 5/35