Table 7A. Income and Cash Operating Summary; Durum Wheat, 1998
COUNTY: Maricopa
CROP:
Wheat, Durum
AREA:
Salt River Project
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
5,600.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 30
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
5,600.00
Price/
Unit
$0.08
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
$420.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
Total
/Acre
Your Farm
Budget
$420.00
____________
29.86
____________
____________
____________
____________
90.71
____________
____________
____________
10.86
____________
____________
____________
8.33
____________
19.99
____________
____________
11.43
18.19
0.24
72.28
18.43
4.68
6.17
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
19.99
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------159.75
____________
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
____________
____________
____________
71.10
-------------72.06
____________
7.64
7.17
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$246.62
$173.38
____________
===================
____________
____________
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 / 32
Table 7B. Allocations of Ownership Costs; Durum Wheat, 1998
COUNTY:Maricopa
CROP:
Wheat, Durum
AREA:
Salt River Project
FARM: Maricopa County 98
WATER SOURCE:
Salt River Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
5,600.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 31
$0.08 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$420.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$420.00
$246.62
$246.62
$173.38
1.34
12.33
7.40
-------------21.07
$173.38
1.34
12.33
7.40
-------------21.07
267.69
267.69
$152.31
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$152.31
7.25
4.02
-------------11.26
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$152.31
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 ---------------------------------------->
$118.33
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------55.05
19.73
-------------123.19
=============
=============
TOTAL COST
$301.67
$369.81
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$118.33
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
$141.04
$0.04
$0.01
$0.05
$69.92
$50.19
$0.04
$0.02
$0.07
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 32
Table 7C. Variable Operating Costs; Durum Wheat, 1998
COUNTY:Maricopa
CROP:
Wheat, Durum
AREA:
Salt River Project
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
Dec
Dec
Dec
Dec
Dec
Dec
Jan
Mar
May
May
May
Jun
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
5,600.0 Lb / Acre
---- Hours * ---Machine Labor
Apply Fert/Ground
Disk
Make Borders
Plant
Buck Rows
Irrigate/Run Fertilizer
Apply Herbicide/Air
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom 56 CW
Disk Residue 56 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.180
0.170
0.158
0.225
0.022
Page 32
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.200
0.189
0.175
0.250
0.050
0.333
1.39
2.71
1.50
2.70
0.13
1.95
1.84
1.71
2.44
0.49
3.25
31.81
19.99
4.75
0.045
0.300
0.050
0.47
2.92
0.49
57.10
14.00
0.300
1.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
0.333
2.42
7.64
3.25
20.23
13.68
2.08
Tot. Cash
Expenses
Times
35.15
4.55
3.21
25.12
0.62
23.48
18.43
5.01
0.96
57.10
14.00
5.67
1.0
1.0
1.0
1.0
1.0
2.0
1.0
4.0
1.0
1.0
1.0
1.0
35.15
4.55
3.21
25.12
0.62
46.96
18.43
20.03
0.96
57.10
14.00
5.67
7.64
7.17
7.17
Class
G
L
G
L
G
G
G
G
H
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
246.62
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)
35.34
Growing (G)
124.41
Harvest (H)
72.06
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
14.81
=============
Total (T)
$246.62
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.06
$0.07
$0.08
$0.08
$0.09 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
4,200.0
5,040.0
5,600.0
6,160.0
7,000.0
Break-even Yield
8.98
45.42
69.72
94.01
130.45
56.23
102.12
132.72
163.31
209.20
87.73
139.92
174.72
209.51
261.70
119.23
177.72
216.72
255.71
314.20
166.48
234.42
279.72
325.01
392.95
3,992.93 3,170.69
2,787.95
2,487.66
2,141.65
0.05
0.05
0.04
0.04
0.04
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 32
Table 7D. Resource and Cash Flow Requirements; Durum Wheat, 1998
COUNTY:Maricopa
CROP:
Wheat, Durum
AREA:
Salt River Project
Month *
Number
Irrigations
DEC P
1.0
JAN C
FEB C
1.0
MAR C
2.0
APR C
2.0
MAY C
JUN C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
6.0
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
5,600.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
6.0
6.0
11.0
11.0
Page 33
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.20
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
8.44
0.33
0.60
0.60
0.05
0.33
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
11.67
3.25
5.85
5.85
0.49
3.25
8.33
0.47
2.42
7.64
52.05
13.68
20.23
19.99
7.17
92.14
18.43
23.48
5.85
14.18
8.76
68.97
7.64
7.17
83.02
33.66
246.62
100.00
4.75
7.80
63.30
**
34.0
3.11
8.33
3.38
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
181.6
Total P
50.0
Total K
0.0
Total Labor
3.1
Total Water
34.0
18.97
7.69
30.35
12.31
85.96
34.86
19.99
8.11
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
6.0 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
1.2 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Border Disk, Heavy Duty
0.16 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
Durum Wheat Sd, Cert
90.00 Lb
32-00-00, URAN 32, Lqd
Water, District
LABOR REQUIREMENT ( per Acre)
Irrigators
1.87 Hr
Other
0.18
0.17
0.02
0.16
Hr
Hr
Hr
Hr
40.00 Ga
34.00 AI
0.03 Hr
Grain Drill, 14'
Pickup Truck, 1/2 Ton
Tractor, 80 PTO HP,
Tractor, 150 PTO HP,
0.22
1.00
0.02
0.17
Hr
Hr
Hr
Hr
Dicamba
1.00 Pt
Tractor
1.22 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 / 32
Table 7E. Schedule of Operations; Durum Wheat, 1998
COUNTY:Maricopa
CROP:
Wheat, Durum
AREA:
Salt River Project
First
No.MonthTimes
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
5,600.0 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
Dec
2.0 Irrigate/Run Fertilizer
7
8
9
10
11
12
Jan
Mar
May
May
May
Jun
1.0
4.0
1.0
1.0
1.0
1.0
Apply Herbicide/Air
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom
Disk Residue
Pickup use 30 Mi/Ac
Page 34
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
Job Rate
Acres/Hr
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
100 Fertilizer Broadcaster,
150 Offset Disk, 18'
125 Border Disk, Heavy Duty
100 Grain Drill, 14'
80 Rowbuck, 10'
5.00 16-20-00, Dry
5.30
5.70
4.00 Durum Wheat Sd, Cert
40.00
CST Air Spray, 5 Gal Mix
3.00 Water, District
32-00-00, URAN 32,
Dicamba
3.33 Water, District
20.00
100 Offset Disk, 13.5'
CST Combine Wheat
CST Haul Grain
100 Rotary Hoe, 4 Rw
Pickup Truck, 1/2 Ton
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/2/99
250.00 Lb 240.67 Tn
90.00 Lb
6.00
20.00
1.00
5.50
Tractor
Tractor
Tractor
Tractor
Tractor
Other
Irrigators
21.00 CW
AI
0.00 AF
Ga 173.00 Tn
Pt 103.50 Ga
AI
4.55 AF
Labor
Type
4.75 Ac
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 / 32