Table 6A. Income and Cash Operating Summary; Barley, 1998 COUNTY: Maricopa CROP: Barley AREA: Salt River Project FARM: Maricopa County 98 ACRES: 1.0 YIELD: 4,600.0 Lb / Acre Item INCOME ⇒ Unit Grain Pound Page 25 WATER SOURCE: Salt River Project IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Quantity 4,600.00 Price/ Unit $0.06 CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax) Paid Labor (including benefits) Tractor/Self Propelled Irrigation Other/ Contract Chemicals and Custom Applications Fertilizer Herbicide Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance Budgeted /Acre $289.80 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/2/99 Total /Acre Your Farm Budget $289.80 ____________ 26.78 ____________ ____________ ____________ ____________ 86.67 ____________ ____________ ____________ 10.43 ____________ ____________ ____________ 6.67 ____________ 22.84 ____________ ____________ 10.94 15.60 0.24 68.23 18.43 4.46 5.97 Irrigation Water (excluding labor) Water Assessment (See Note Below) ** Other Purchased Inputs & Seed/Transplants 22.84 TOTAL CASH LAND PREPARATION AND GROWING EXPENSES -------------153.38 ____________ CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) Tractor/Self Propelled 0.49 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 0.18 0.29 Custom Harvest/Post Harvest TOTAL HARVEST AND POST HARVEST EXPENSE OPERATING OVERHEAD ⇒ PICKUP USE OPERATING INTEREST AT 10.0% 0.49 ____________ ____________ 0.47 ____________ ____________ ____________ 66.90 -------------67.86 ____________ 7.64 6.02 ____________ ____________ ============= TOTAL CASH OPERATING EXPENSES RETURNS OVER CASH OPERATING EXPENSES $234.91 $54.89 ____________ =================== ____________ ____________ 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 / 10 Table 6B. Allocations of Ownership Costs; Barley, 1998 COUNTY:Maricopa CROP: Barley AREA: Salt River Project Item TOTAL INCOME at Page 26 FARM: Maricopa County 98 WATER SOURCE: Salt River Project ACRES: 1.0 IRRIGATION SYSTEM: Flood Furrow YIELD: 4,600.0 Lb / Acre PREVIOUS CROP: Cotton, Upland $0.06 / Lb TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES CASH OVERHEAD EXPENSES Taxes, Housing and Insurance, Farm Machinery General and Office Overhead (5.0% of Total Operating Exp.) General Farm Maintenance (3.0% of Total Operating Exp.) Total Cash Overhead Expenses Total Cash Operating and Overhead Cost RETURNS OVER CASH OPER. AND OVER. EXPENSES -- CASH COST BASIS ($/ACRE) -Income and Costs Net Returns $289.80 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/2/99 -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $289.80 $234.91 $234.91 $54.89 1.29 11.75 7.05 -------------20.09 $54.89 1.29 11.75 7.05 -------------20.09 255.00 255.00 $34.80 CAPITAL ALLOCATIONS (100% Equity) Capital Replacement, Machinery and Vehicles Interest on Equity, Machinery and Vehicles $34.80 7.03 3.88 -------------10.91 Total Capital Allocations RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK --------------------------------> $34.80 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 ----------------------------------------> $0.82 RETURNS TO MANAGEMENT AND RISK -----------------------------------------------------------------------------------------------------> Management Services (8% of Total Operation Expenses) TOTAL OWNERSHIP COST -------------54.07 18.79 -------------120.91 ============= ============= TOTAL COST $288.98 $355.82 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> $0.82 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 $23.89 $0.05 $0.01 $0.06 ($47.23) ($66.02) $0.05 $0.03 $0.08 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 4 / 10 Table 6C. Variable Operating Costs; Barley, 1998 COUNTY:Maricopa CROP: Barley AREA: Salt River Project No. First Month Operation 1 2 3 4 5 6 7 8 9 10 11 12 13 Dec Dec Dec Dec Dec Dec Jan Feb Apr May May May Jun Page 27 FARM: Maricopa County 98 ACRES: 1.0 YIELD: 4,600.0 Lb / Acre ---- Hours * ---Machine Labor Apply Fert/Ground Disk Make Borders Plant Buck Rows Irrigate Apply Herbicide/Air Irrigate/Run Fertilizer Irrigate Prepare Ends Combine Harvest Haul, Custom 49 CW Disk Residue 49 CW Pickup Use30 Mi/Acre Operating Interest at 10.0 0.180 0.170 0.113 0.225 0.022 WATER SOURCE: Salt River Project IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland ---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps. Labor Cust/Serv. Materials Total 0.200 0.189 0.125 0.250 0.050 0.400 1.39 2.71 1.07 2.70 0.13 1.95 1.84 1.22 2.44 0.49 3.90 31.81 22.84 4.75 0.045 0.300 0.300 0.050 0.47 2.92 2.92 0.49 54.65 12.25 0.300 1.000 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/2/99 0.333 2.42 7.64 3.25 13.68 18.21 3.33 Tot. Cash Expenses Times 35.15 4.55 2.29 27.98 0.62 3.90 18.43 21.14 6.26 0.96 54.65 12.25 5.67 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 35.15 4.55 2.29 27.98 0.62 3.90 18.43 42.27 12.52 0.96 54.65 12.25 5.67 7.64 6.02 6.02 Class G L G L G G G G G H H H L ============= TOTAL CASH OPERATING EXPENSES (includes all times over): 234.91 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) 38.20 Growing (G) 115.19 Harvest (H) 67.86 Post Harvest (P) 0.00 Marketing (M) 0.00 Operating Overhead (O) 13.66 ============= Total (T) $234.91 SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Prices ⇒ - 25% - 10% Budgeted + 10% + 25% Yields $0.05 $0.06 $0.06 $0.07 $0.08 Break-even Price - 25% - 10% Budgeted + 10% + 25% 3,450.0 4,140.0 4,600.0 5,060.0 5,750.0 Break-even Yield -54.13 -31.71 -16.76 -1.81 20.61 -21.53 7.41 26.71 46.00 74.95 0.20 33.49 55.69 77.88 111.17 21.94 59.58 84.67 109.76 147.40 54.54 98.70 128.14 157.58 201.74 5,115.77 3,963.28 3,445.77 3,047.80 2,597.75 0.06 0.05 0.05 0.05 0.04 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 4 / 10 Table 6D. Resource and Cash Flow Requirements; Barley, 1998 COUNTY:Maricopa CROP: Barley AREA: Salt River Project Month * Number Irrigations DEC P 1.0 JAN C FEB C 1.0 MAR C 1.0 APR C 2.0 MAY C JUN C Pickup Use30 Mi/Acre Operating Interest at 10.0 Water Assessment Total % 5.0 FARM: Maricopa County 98 ACRES: 1.0 YIELD: 4,600.0 Lb / Acre Water Applied (inches) Total Labor (Hrs) 8.0 6.0 6.0 12.0 Page 28 WATER SOURCE: Salt River Project IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland -------------------------------------Purchased Fuel, Oil Water and Repairs 1.21 Operating Costs ($/ACRE *) -------------------------------------Other Labor Chemicals Purchases Services Total 8.01 0.30 0.30 0.60 0.05 0.33 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/2/99 11.83 2.92 2.92 5.85 0.49 3.25 6.67 0.47 2.42 7.64 31.81 13.68 18.21 18.21 22.84 6.02 74.50 18.43 21.14 21.14 12.52 8.91 64.62 7.64 6.02 77.67 33.06 234.91 100.00 4.75 7.95 58.95 ** 32.0 2.80 6.67 2.84 TOTAL RESOURCE REQUIREMENTS ( per Acre) Total N 167.4 Total P 50.0 Total K 0.0 Total Labor 2.8 Total Water 32.0 18.55 7.90 27.27 11.61 81.92 34.87 22.84 9.72 TOTAL ENERGY REQUIREMENTS ( per Acre) Diesel Fuel 5.7 Gal Unleaded Gas 3.0 Gal All Direct Energy 1.2 M BTU EQUIPMENT REQUIREMENTS ( per Acre) Border Disk, Heavy Duty 0.11 Hr Offset Disk, 13.5' 0.05 Hr Rotary Hoe, 4 Rw 0.30 Hr Tractor, 100 PTO HP, 0.75 Hr Fertilizer Broadcaster, Offset Disk, 18' Rowbuck, 10' Tractor, 125 PTO HP, MATERIALS REQUIREMENT ( per Acre) 16-20-00, Dry 250.00 Lb Dicamba 1.00 Pt 32-00-00, URAN 32, Lqd Water, District LABOR REQUIREMENT ( per Acre) Irrigators 1.60 Hr Other 0.18 0.17 0.02 0.11 Hr Hr Hr Hr 36.00 Ga 32.00 AI 0.03 Hr Grain Drill, 14' Pickup Truck, 1/2 Ton Tractor, 80 PTO HP, Tractor, 150 PTO HP, Barley Sd, Cert Tractor 0.22 1.00 0.02 0.17 Hr Hr Hr Hr 90.00 Lb 1.17 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 / 10 Table 6E. Schedule of Operations; Barley, 1998 COUNTY:Maricopa CROP: Barley AREA: Salt River Project First No.Month Times FARM: Maricopa County 98 ACRES: 1.0 YIELD: 4,600.0 Lb / Acre Operation 1 2 3 4 5 Dec Dec Dec Dec Dec 1.0 1.0 1.0 1.0 1.0 Apply Fert/Ground Disk Make Borders Plant Buck Rows 6 7 8 Dec Jan Feb 1.0 Irrigate 1.0 Apply Herbicide/Air 2.0 Irrigate/Run Fertilizer 9 10 11 12 13 Apr May May May Jun 2.0 1.0 1.0 1.0 1.0 Irrigate Prepare Ends Combine Harvest Haul, Custom Disk Residue Pickup use 30 Mi/Ac Page 29 WATER SOURCE: Salt River Project IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Equipment/ Custom Oper HP Self-Prop./ Implement 100 Fertilizer Broadcaster, 150 Offset Disk, 18' 125 Border Disk, Heavy Duty 100 Grain Drill, 14' 80 Rowbuck, 10' CST Air Spray, 5 Gal Mix 100 Offset Disk, 13.5' CST Combine Barley CST Haul Grain 100 Rotary Hoe, 4 Rw Pickup Truck, 1/2 Ton Job Rate Acres/Hr TILLAGE: Conventional SOIL: Sandy-Loam DATE: 2/2/99 ---------- Material Use and 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 2.50 Water, District Dicamba 3.33 Water, District 32-00-00, URAN 32, 3.33 Water, District 20.00 250.00 Lb 240.67 Tn 90.00 Lb 8.00 1.00 6.00 18.00 6.00 Tractor Tractor Tractor Tractor Tractor Other Irrigators 24.00 CW AI 0.00 AF Pt 103.50 Ga AI 0.00 AF Ga 173.00 Tn AI 6.67 AF Labor Type 4.75 Ac Irrigators Irrigators Tractor 37.50 Ac 0.25 C 3.00 1.00 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 / 10