Table 8A. Income and Cash Operating Summary; Grain Sorghum (Late), 1998
COUNTY: Maricopa
CROP:
Sorghum(Milo), Grain
AREA:
Salt River Project
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
3,200.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 35
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Quantity
3,200.00
Price/
Unit
$0.11
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Other/ Contract
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$352.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/2/99
Total
/Acre
Your Farm
Budget
$352.00
____________
31.70
____________
____________
____________
____________
63.97
____________
____________
____________
____________
15.86
____________
____________
____________
10.00
____________
10.05
____________
____________
13.91
17.55
0.24
43.50
13.63
6.84
6.16
9.69
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
10.05
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------131.58
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
2.65
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.98
1.30
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
2.65
____________
____________
2.28
____________
____________
____________
60.40
-------------65.33
____________
7.64
7.35
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$211.90
$140.10
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $10.00 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 / 78
Table 8B. Allocations of Ownership Costs; Grain Sorghum (Late), 1998
Page 36
COUNTY:Maricopa
FARM: Maricopa County 98
WATER SOURCE:
Salt River Project
CROP:
Sorghum(Milo), Grain ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
AREA:
Salt River Project
YIELD:
3,200.0 Lb / Acre PREVIOUS CROP:
Wheat, Durum
Item
TOTAL INCOME at
$0.11 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/2/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
$211.90
$211.90
$140.10
2.27
10.60
6.36
-------------19.23
$140.10
2.27
10.60
6.36
-------------19.23
231.13
231.13
$120.87
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$120.87
12.65
5.51
-------------18.16
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$120.87
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
6.99
6.99
18.57
10.00
-------------35.56
10.00
-------------Total Land Costs
16.99
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$103.88
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------36.22
16.95
-------------89.90
=============
=============
TOTAL COST
$248.12
$301.80
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$103.88
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
$102.71
$0.07
$0.01
$0.08
$67.15
$50.20
$0.07
$0.03
$0.09
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 78
Table 8C. Variable Operating Costs; Grain Sorghum (Late), 1998
COUNTY:Maricopa
FARM: Maricopa County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Salt River Project
YIELD:
3,200.0 Lb / Acre
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Jun
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Aug
Oct
Oct
Oct
Nov
Nov
---- Hours * ---Machine Labor
Disk
List
Plant
Apply Insecticide/Air
Buck Rows
Irrigate/Run Fertilizer
Apply Herbicide/Ground
Cultivate
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom 44 CW
Cut Stalks 44 CW
Disk Residue 44 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.170
0.158
0.225
Page 37
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.189
0.175
0.250
2.71
1.78
3.18
1.84
1.71
2.44
4.23
0.022
0.090
0.075
0.045
0.050
0.600
0.100
0.083
0.300
0.050
0.13
0.83
0.67
0.47
0.49
5.85
0.97
0.81
2.92
0.49
0.222
0.333
1.81
3.16
7.64
10.05
9.40
43.50
6.84
2.50
49.40
11.00
0.200
0.300
1.000
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/2/99
2.16
3.25
Tot. Cash
Expenses
Times
4.55
3.49
15.67
13.63
0.62
49.35
8.64
1.48
5.42
0.96
49.40
11.00
3.97
6.41
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
9.10
3.49
15.67
13.63
0.62
49.35
8.64
2.97
21.70
0.96
49.40
11.00
3.97
6.41
7.64
7.35
7.35
Class
L
L
L
G
G
G
G
G
G
H
H
H
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
211.90
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
$10.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
34.67
Growing (G)
96.91
Harvest (H)
61.36
Post Harvest (P)
3.97
Marketing (M)
0.00
Operating Overhead (O)
14.99
=============
Total (T)
$211.90
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.08
$0.10
$0.11
$0.12
$0.14 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
2,400.0
2,880.0
3,200.0
3,520.0
4,000.0
Break-even Yield
2.35
32.15
52.02
71.89
101.69
41.95
79.67
104.82
129.97
167.69
68.35
111.35
140.02
168.69
211.69
94.75
143.03
175.22
207.41
255.69
134.35
190.55
228.02
265.49
321.69
2,362.10 1,866.14
1,636.99
1,457.97
1,252.50
0.08
0.07
0.07
0.06
0.06
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 78
Table 8D. Resource and Cash Flow Requirements; Grain Sorghum (Late), 1998
COUNTY:Maricopa
FARM: Maricopa County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Salt River Project
YIELD:
3,200.0 Lb / Acre
Month *
Number
Irrigations
JUN C
JUL C
1.0
AUG C
2.0
SEP C
2.0
OCT C
NOV C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
5.0
Water
Applied
(inches)
Total
Labor (Hrs)
12.0
12.0
12.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.38
1.34
0.60
0.60
0.05
0.56
Page 38
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/2/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
5.42
7.28
3.68
13.07
5.85
5.85
0.49
5.41
10.00
0.47
4.97
7.64
59.74
10.05
7.35
9.10
94.37
5.85
15.85
8.71
63.03
7.64
7.35
71.98
33.97
211.90
100.00
4.23
7.75
52.65
**
36.0
3.52
10.00
4.72
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
152.2
Total P
0.0
Total K
0.0
Total Labor
3.5
Total Water
36.0
EQUIPMENT REQUIREMENTS ( per Acre)
Directed Spray Rig, 16
0.09 Hr
Offset Disk, 13.5'
0.35 Hr
Rolling Cultivator, 6 Rw
0.15 Hr
Tractor, 80 PTO HP,
0.02 Hr
Tractor, 150 PTO HP,
0.34 Hr
25.78
12.17
34.35
16.21
59.74
28.19
10.05
4.74
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
8.8 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
1.6 M BTU
Grain Drill, 14'
Offset Disk, 18'
Rotary Stalk Cutter, 4 Row
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
32-00-00, URAN 32, Lqd
43.00 Ga
Grain Sorghum Sd
10.00 Lb
Dicamba
Water, District
LABOR REQUIREMENT ( per Acre)
Irrigators
1.80 Hr
Other
0.22
0.34
0.20
0.79
Hr
Hr
Hr
Hr
0.50 Pt
36.00 AI
0.03 Hr
Lister, 7 Bottom
Pickup Truck, 1/2 Ton
Rowbuck, 10'
Tractor, 125 PTO HP,
0.16
1.00
0.02
0.38
Hr
Hr
Hr
Hr
Disulfoton
1.00 Pt
Tractor
1.70 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$10.00 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 / 78
Table 8E. Schedule of Operations; Grain Sorghum (Late), 1998
COUNTY:Maricopa
FARM: Maricopa County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Salt River Project
YIELD:
3,200.0 Lb / Acre
First
No.Month Times
Operation
1
2
3
4
5
Jun
Jul
Jul
Jul
Jul
2.0
1.0
1.0
1.0
1.0
Disk
List
Plant
Apply Insecticide/Air
Buck Rows
6
Jul
1.0 Irrigate/Run Fertilizer
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
Page 39
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Equipment/ Custom Oper
HP Self-Prop./ Implement
150 Offset Disk, 18'
125 Lister, 7 Bottom
125 Grain Drill, 14'
CST Air Spray, 3 Gal Mix
80 Rowbuck, 10'
Apply Herbicide/Ground 100 Directed Spray Rig, 16
Cultivate
100 Rolling Cultivator, 6 Rw
Irrigate
Prepare Ends
100 Offset Disk, 13.5'
Combine Harvest
CST Combine Grain Sorghum
Haul, Custom
CST Haul Grain
Cut Stalks
100 Rotary Stalk Cutter, 4 Row
Disk Residue
100 Offset Disk, 13.5'
Pickup use 30 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/2/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
5.30
5.70
4.00 Grain Sorghum Sd
Disulfoton
40.00
1.67 Water, District
32-00-00, URAN 32,
10.00 Dicamba
12.00
3.33 Water, District
20.00
10.00 Lb
1.00 Pt
95.00 CW
71.08 Ga
Tractor
Tractor
Tractor
4.23 Ac
Tractor
Other
Irrigators
12.00 AI
0.00 AF
43.00 Ga 173.00 Tn
0.50 Pt 103.50 Ga
6.00 AI
Labor
Type
Tractor
Tractor
Irrigators
Tractor
5.00 AF
37.50 Ac
0.25 C
4.50
3.00
1.00
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 / 78