Table 10A. Income and Cash Operating Summary; Bt. Upland Cotton, 1998
COUNTY: Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
INCOME ⇒
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
1,227.0 Lb / Acre
Item
Unit
Lint
Cottonseed
Pound
Ton
Page 46
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
1,227.00
1.08
Price/
Unit
$0.68
$133.60
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Budgeted
/Acre
$834.36
$144.29
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
3/31/99
Total
/Acre
$978.65
____________
____________
66.00
____________
____________
____________
204.96
____________
____________
____________
____________
____________
40.34
____________
____________
____________
____________
36.75
29.25
44.30
135.10
14.22
11.35
16.46
23.88
30.00
33.84
33.84
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
Your Farm
Budget
-------------375.14
____________
____________
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
8.69
13.65
Chemicals and Custom Applications
Other Chemicals
28.16
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
8.35
51.72
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
22.33
____________
____________
____________
28.16
____________
____________
60.07
____________
____________
____________
10.18
104.66
8.98
-------------234.38
15.29
25.68
____________
____________
____________
=============
===================
$650.48
$328.16
____________
____________
____________
____________
____________
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 / 187
Table 10B. Allocations of Ownership Costs; Bt. Upland Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
Item
TOTAL INCOME at
Page 47
FARM: Maricopa County 98
WATER SOURCE:
Salt River Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
1,227.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.68 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$978.65
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
3/31/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$978.65
$650.48
$650.48
$328.16
10.72
32.52
19.51
-------------62.76
$328.16
10.72
32.52
19.51
-------------62.76
713.24
713.24
$265.41
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$265.41
74.90
31.41
-------------106.31
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$265.41
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 ---------------------------------------->
$231.42
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------96.74
52.04
-------------292.22
=============
=============
TOTAL COST
$747.22
$942.71
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$231.42
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
$159.10
$0.41
$0.08
$0.49
$87.98
$35.94
$0.41
$0.24
$0.65
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 187
Table 10C. Variable Operating Costs; Bt. Upland Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Jan
Jan
Jan
Jan
Jan
Mar
Mar
Mar
Mar
Apr
May
May
Jun
Jun
Jun
Jul
Jul
Jul
Aug
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
Nov
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
1,227.0 Lb / Acre
Rip
Disk
Landplane
Apply Herb. & Incorporate
List
Mulch
Plant
Buck Rows
Irrigate
Disk Ends
Cultivate
Apply Fert/Ground
Hand Weeding
Apply Insecticide/Air
Apply Growth Regulator
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Ground
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Prepare Ends
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Rood
Haul, Custom .2 Mu
Cotton Ginning 36.1 Cs
Cotton Classing 2.5 Ba
Crop Assessment 2.5 Ba
Cut Stalks 2.5 Ba
Disk Residue 2.5 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.214
0.170
0.900
0.180
0.158
0.200
0.170
0.022
0.011
0.171
0.150
0.238
0.189
1.000
0.200
0.175
0.222
0.189
0.025
0.300
0.013
0.190
0.167
2.000
Page 48
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
2.65
2.71
11.26
3.16
1.78
2.49
2.62
0.13
0.08
1.54
1.76
2.32
1.84
9.75
1.95
1.71
2.16
1.84
0.24
2.92
0.13
1.85
1.63
3.96
33.84
3.00
22.15
4.23
4.23
4.23
4.23
0.129
0.143
1.37
1.39
4.23
4.23
4.23
4.75
4.75
0.045
0.900
0.300
0.450
0.257
0.050
1.000
0.333
0.500
0.286
0.47
36.77
3.73
18.39
2.59
0.49
9.75
3.25
4.87
2.79
7.02
104.66
3.16
8.98
0.200
0.300
2.000
0.222
0.333
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
3/31/99
1.81
3.16
15.29
2.16
3.25
7.30
7.12
13.12
37.01
10.26
19.35
26.44
6.48
15.70
2.96
Times
4.97
4.55
21.01
9.06
3.49
4.65
38.30
0.38
5.92
0.21
3.39
25.54
11.53
11.35
17.35
41.24
13.02
23.58
30.67
10.71
20.45
7.71
0.96
46.52
6.97
23.26
5.38
7.02
104.66
3.16
8.98
3.97
6.41
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
1.0
1.0
1.0
1.0
1.0
25.68
Tot. Cash
Expenses
4.97
4.55
21.01
9.06
3.49
4.65
38.30
1.89
59.25
0.84
10.17
51.08
11.53
11.35
17.35
41.24
13.02
23.58
30.67
10.71
20.45
7.71
0.96
46.52
6.97
18.61
5.38
7.02
104.66
3.16
8.98
3.97
6.41
15.29
25.68
Class
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
P
M
M
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
*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.
650.48
T
Table 10C. Variable Operating Costs; Bt. Upland Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
1,227.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
83.38
Growing (G)
291.76
Harvest (H)
113.61
Post Harvest (P)
108.63
Marketing (M)
12.14
Operating Overhead (O)
40.97
=============
Total (T)
$650.48
Page 49
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
3/31/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.51
$0.61
$0.68
$0.75
$0.85 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
920.3
1,104.3
1,227.0
1,349.7
1,533.8
Break-even Yield
-121.91
-63.20
-24.06
15.08
73.79
-28.04
49.44
101.09
152.75
230.23
34.54
124.53
184.53
244.53
334.52
97.11
199.63
267.97
336.31
438.82
190.98
312.26
393.12
473.98
595.26
1,302.43
986.86
849.62
745.89
630.44
0.64
0.57
0.53
0.50
0.46
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 4 / 187
Table 10D. Resource and Cash Flow Requirements; Bt. Upland Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
Number
Irrigations
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
1,227.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
1.40
0.40
0.47
0.56
0.69
2.99
0.97
0.64
0.30
0.45
1.34
0.83
Month *
JAN C
FEB C
MAR C
1.2
6.2
APR C
1.8
6.8
MAY C
1.0
6.0
JUN C
2.0
12.0
JUL C
2.0
12.0
AUG C
2.0
12.0
SEP C
1.0
6.0
OCT C
NOV C
DEC C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
11.0
61.0
11.06
%
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
150.0
Total P
0.0
Total K
0.0
Total Labor
11.1
Total Water
61.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Shaper, 6 Rw
0.17 Hr
Directed Spray Rig, 8
0.13 Hr
Lister, 7 Bottom
0.16 Hr
Offset Disk, 18'
0.17 Hr
Power Mulcher, 6 Rw
0.20 Hr
Rotary Stalk Cutter, 4 Row
0.20 Hr
Tandem Disk, 12'
0.04 Hr
Tractor, 125 PTO HP,
0.16 Hr
MATERIALS REQUIREMENT ( per Acre)
46-00-00, Urea 46
326.00 Lb
Mepiquat Chloride
0.50 Pt
Oxamyl
1.50 Pt
Sodium Chlorate
2.00 Ga
Trifluralin
1.20 Pt
LABOR REQUIREMENT ( per Acre)
Hand Weeders
2.00 Hr
Tractor
4.66 Hr
Page 50
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
16.41
5.15
1.90
3.34
3.52
5.83
3.52
10.00
3.12
10.00
0.22
6.92
12.62
38.92
10.31
15.29
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
3/31/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
13.66
1.98
32.05
3.91
1.98
11.04
4.62
6.77
13.29
5.48
27.07
35.89
6.78
22.15
32.44
9.70
36.58
8.46
64.09
9.47
60.40
8.46
91.45
6.22
52.27
12.69
81.40
2.92
9.33
4.75
23.92
4.39
9.33
38.25
64.59
11.71
55.84
106.47
8.10
34.48
52.89
15.29
25.68
25.68
**
32.75
114.32
86.95
194.01
5.03
17.57
13.37
29.74
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
30.7 Gal
Unleaded Gas
6.0
Gal
All Direct Energy
5.0 M BTU
Cotton Picker, 2 Row
Fert. Side Dress Unit,
Module Builder
Pickup Truck, 1/2 Ton
Rolling Cultivator, 6 Rw
Rowbuck, 10'
Tractor, 80 PTO HP,
Tractor, 150 PTO HP,
Acephate
Methidathion
Prometryn
Technology Charge
Upland Bt Cotton
Harvest
33.84
5.19
1.26
0.30
0.30
2.00
0.64
0.11
0.71
1.46
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Dbl. Offset Disk, 16'
Landplane 12'X 45'
Offset Disk, 13.5'
Planter, Drill Type, 6 Row
Rood, 3 Row W/Basket
Saddle Tk Sprayer, 2 Tk 8
Tractor, 100 PTO HP,
V-Ripper, 5 Shnk
0.67
3.00
2.50
1.00
16.00
Lb
Pt
Pt
Ac
Lb
Buprofezin
Methomyl
Pyriproxyfen
Thidiazuron/diuron
Water, District
1.40 Hr
Irrigators
187.69
28.77
0.18
0.90
0.35
0.17
0.26
0.18
1.86
0.21
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
0.50
1.00
8.00
9.50
60.00
Lb
Pt
Oz
Oz
AI
650.48
100.00
3.00 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 / 187
Table 10E. Schedule of Operations; Bt. Upland Cotton, 1998
COUNTY:Maricopa
CROP:
Cotton, Upland
AREA:
Salt River Project
First
No.Month Times
1
Jan
1.0
2
Jan
1.0
3
Jan
1.0
4
Jan
1.0
5
6
7
Jan
Mar
Mar
1.0
1.0
1.0
8
9
10
11
12
13
14
15
16
17
18
Mar
Mar
Apr
May
May
Jun
Jun
Jun
Jul
Jul
Jul
5.0
10.0
4.0
3.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
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
FARM: Maricopa County 98
ACRES:
1.0
YIELD:
1,227.0 Lb / Acre
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Page 51
TILLAGE: Dry Plant
SOIL:
Sandy-Loam
DATE:
3/31/99
Equipment/ Custom Oper
Job Rate
---------- Material Use and Cost ---------- Service Cost Labor
HP Self-Prop./ Implement
Acres/Hr
Name
Appl. Rate $ / Unit
$ / Unit
Type
Rip
150 V-Ripper, 5 Shnk
4.20
Tractor
Disk
150 Offset Disk, 18'
5.30
Tractor
Landplane
150 Landplane 12'X 45'
1.00
Tractor
Apply Herb. &
150 Dbl. Offset Disk, 16'
5.00 Trifluralin
1.20 Pt 24.95 Ga
Tractor
Saddle Tk Sprayer, 2 Tk 8 Row
List
125 Lister, 7 Bottom
5.70
Tractor
Mulch
100 Power Mulcher, 6 Rw
4.50
Tractor
Plant
100 Bed Shaper, 6 Rw
5.30 Upland Bt Cotton
16.00 Lb 200.00 CW
Tractor
Planter, Drill Type, 6 Row
Technology Charge
1.00 Ac 32.00 Ac
Buck Rows
80 Rowbuck, 10'
40.00
Tractor
Irrigate
3.33 Water, District
6.00 AI
6.00 AF
Irrigators
Disk Ends
80 Tandem Disk, 12'
80.00
Tractor
Cultivate
100 Rolling Cultivator, 6 Rw
5.30
Tractor
Apply Fert/Ground
100 Fert. Side Dress Unit,
6.00 46-00-00, Urea 46
163.00 Lb 257.00 Tn
Tractor
Hand Weeding
0.50
Hand
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Acephate
0.67 Lb 10.31 Lb
4.23 Ac
Apply Growth Regulator CST Air Spray, 3 Gal Mix
Mepiquat Chloride
0.50 Pt 107.75 Ga
4.23 Ac
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Oxamyl
1.50 Pt 66.19 Ga
4.23 Ac
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Pyriproxyfen
8.00 Oz 560.00 Ga
4.23 Ac
Apply Herbicide/Ground 100 Directed Spray Rig, 8
7.00 Prometryn
2.50 Pt 31.04 Ga
Tractor
Rolling Cultivator, 6 Rw
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Methidathion
3.00 Pt 48.80 Ga
4.23 Ac
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Buprofezin
0.50 Lb 50.00 Lb
4.23 Ac
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Methomyl
1.00 Pt 49.05 Ga
4.23 Ac
Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
Thidiazuron/diuron
9.50 Oz 200.00 Ga
4.75 Ac
Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
Sodium Chlorate
2.00 Ga
1.40 Ga
4.75 Ac
Prepare Ends
100 Offset Disk, 13.5'
20.00
Tractor
Cotton, First Pick
Cotton Picker, 2 Row
1.00
Harvest
Cotton, Make Modules 80 Module Builder
3.00
Tractor
Cotton, Second Pick
Cotton Picker, 2 Row
2.00
Harvest
Cotton, Rood
80 Rood, 3 Row W/Basket
3.50
Tractor
Haul, Custom
CST Haul Cotton Modules
35.00Mu
Cotton Ginning
CST Gin Upland Cotton
2.90 Cs
Cotton Classing
CST Class Cotton, HVI
1.25 Ba
Crop Assessment
CST Upland (Low Elev)
3.55 Ba
Cut Stalks
100 Rotary Stalk Cutter, 4 Row
4.50
Tractor
Disk Residue
100 Offset Disk, 13.5'
3.00
Tractor
Pickup use 60 Mi/Ac
Pickup Truck, 1/2 Ton
0.50
Operation
*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 / 187