Table 5A. Income and Cash Operating Summary; Alfalfa Silage w/Sheep, 1998
COUNTY: Maricopa
CROP:
Alfalfa Silage/Graze
AREA:
Salt River Project
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
20.0 Tn / Acre
Item
INCOME ⇒
Silage
Sheep
Page 20
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay
Unit
Quantity
Ton
Head Days
20.00
200.00
Price/
Unit
$35.00
$0.09
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Irrigation
Chemicals and Custom Applications
Insecticide
Herbicide
Budgeted
/Acre
$700.00
$18.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
Total
/Acre
$718.00
____________
____________
40.94
____________
____________
50.72
____________
____________
____________
96.00
____________
-------------187.66
____________
40.94
11.76
38.95
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
Your Farm
Budget
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
27.30
13.65
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
11.60
49.45
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
40.94
____________
____________
____________
61.05
____________
____________
____________
-------------102.00
10.19
17.37
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$317.22
$400.78
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $20.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 7
Table 5B. Allocations of Ownership Costs; Alfalfa Silage w/Sheep, 1998
COUNTY:Maricopa
CROP:
Alfalfa Silage/Graze
AREA:
Salt River Project
FARM: Maricopa County 98
WATER SOURCE:
Salt River Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
20.0 Tn / Acre PREVIOUS CROP:
Alfalfa Hay
Item
TOTAL INCOME at
Page 21
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$35.00 / Tn
$718.00
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$317.22
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$718.00
$317.22
$400.78
8.91
15.86
9.52
-------------34.29
$400.78
8.91
15.86
9.52
-------------34.29
351.51
351.51
$366.49
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
Stand Establishment (3 year crop)
$366.49
62.72
3.82
110.89
-------------177.43
110.89
-------------Total Capital Allocations
110.89
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$255.60
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($619.00 X 16.0% X 0.141)
Opportunity Interest on Land (100% X 6.0 X $619.00)
Water Assessment
13.98
13.98
37.14
20.00
-------------71.12
20.00
-------------Total Land Costs
33.98
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$221.62
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
$189.06
-------------179.17
25.38
-------------308.23
=============
=============
$117.94
TOTAL COST
$496.38
$625.44
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$221.62
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
$92.56
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$14.96
$15.41
$30.37
$14.96
$8.96
$23.92
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 7
Table 5C. Variable Operating Costs; Alfalfa Silage w/Sheep, 1998
COUNTY:Maricopa
CROP:
Alfalfa Silage/Graze
AREA:
Salt River Project
No.
First
Month Operation
1
2
3
4
5
6
Feb
Mar
Apr
Apr
Apr
Apr
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
20.0 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Irrigate/Run Herbicide
Apply Insecticide/Air
Swathing
Chopping
Field Transport
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Page 22
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.300
0.300
2.92
2.92
4.23
0.180
0.180
0.180
1.333
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
0.200
0.200
0.200
2.69
3.98
2.05
10.19
1.95
1.95
1.95
2.50
19.16
7.53
Tot. Cash
Expenses
Times
5.42
22.08
11.76
4.64
5.93
4.00
8.0
6.0
1.0
7.0
7.0
7.0
43.40
132.50
11.76
32.51
41.48
28.00
10.19
17.37
17.37
Class
G
G
G
H
H
H
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
317.22
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
$20.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
0.00
Growing (G)
187.66
Harvest (H)
102.00
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
27.56
=============
Total (T)
$317.22
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$26.25
$31.50
$35.00
$38.50
$43.75 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
15.0
18.0
20.0
22.0
25.0
105.98
169.43
211.73
254.04
317.49
184.73
263.93
316.73
369.54
448.74
237.23
326.93
386.73
446.54
536.24
289.73
389.93
456.73
523.54
623.74
368.48
484.43
561.73
639.04
754.99
9.99
8.00
7.07
6.33
5.47
19.18
16.84
15.66
14.70
13.55
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 7
Table 5D. Resource and Cash Flow Requirements; Alfalfa Silage w/Sheep, 1998
COUNTY:Maricopa
CROP:
Alfalfa Silage/Graze
AREA:
Salt River Project
Month *
Number
Irrigations
FEB C
1.0
MAR C
1.0
APR C
2.0
MAY C
1.0
JUN C
2.0
JUL C
2.0
AUG C
1.0
SEP C
2.0
OCT C
1.0
NOV C
1.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
14.0
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
20.0 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
6.0
6.0
12.0
6.0
12.0
12.0
6.0
12.0
6.0
6.0
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.30
0.30
1.20
0.90
1.20
1.20
0.90
1.20
0.90
0.30
Page 23
5.00
5.00
16.50
21.50
5.00
21.50
16.50
5.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
8.72
8.72
8.72
8.72
8.72
8.72
8.72
2.92
2.92
11.70
8.77
11.70
11.70
8.77
11.70
8.77
2.92
6.49
14.03
17.37
2.92
14.42
43.68
17.50
43.41
48.41
22.50
48.41
40.49
7.92
10.19
17.37
21.60
6.81
317.22
100.00
4.23
6.49
6.49
6.49
6.49
10.19
**
84.0
8.40
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
0.0
Total P
0.0
Total K
0.0
Total Labor
8.4
Total Water
84.0
96.00
30.26
71.24
22.46
81.89
25.81
46.49
14.66
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
14.4 Gal
Unleaded Gas
4.0 Gal
All Direct Energy
2.5 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Forage Harvester PTO
1.26 Hr
Tractor, 60 PTO HP,
1.26 Hr
Forage Wagon PTO
Tractor, 100 PTO HP,
2.52 Hr
1.26 Hr
Pickup Truck, 1/2 Ton
Windrower, 14.0', HS, SC
MATERIALS REQUIREMENT ( per Acre)
Dimethoate
1.50 Pt
EPTC
8.40 Pt
Water, District
LABOR REQUIREMENT ( per Acre)
Harvest
1.40 Hr
Irrigators
4.20 Hr
Tractor
1.33 Hr
1.26 Hr
84.00 AI
2.80 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$20.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 7
Table 5E. Schedule of Operations; Alfalfa Silage w/Sheep, 1998
COUNTY:Maricopa
CROP:
Alfalfa Silage/Graze
AREA:
Salt River Project
First
No.MonthTimes
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
20.0 Tn / Acre
Operation
1
2
Feb
Mar
8.0 Irrigate
6.0 Irrigate/Run Herbicide
3
4
5
Apr
Apr
Apr
1.0 Apply Insecticide/Air
7.0 Swathing
7.0 Chopping
6
Apr
7.0 Field Transport
Pickup use 40 Mi/Ac
Page 24
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay
Equipment/ Custom Oper
HP Self-Prop./ Implement
CST Air Spray, 3 Gal Mix
Windrower, 14.0', HS, SC
100 Forage Harvester PTO
Forage Wagon PTO Unloader
60 Forage Wagon PTO
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
3.33 Water, District
3.33 Water, District
EPTC
Dimethoate
5.00
5.00
5.00
0.75
6.00
6.00
1.40
1.50
AI
AI
Pt
Pt
5.00
25.33
35.08
38.00
AF
AF
Ga
Ga
Labor
Type
Irrigators
Irrigators
4.23 Ac
Harvest
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
F 4 / 7