Table 4A. Income and Cash Operating Summary; Alfalfa Hay w/Sheep, 1998
COUNTY: Mohave
CROP:
Alfalfa Hay w/Graze
AREA:
Mohave Valley
FARM: Mohave County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
Item
INCOME ⇒
Alfalfa
Grazing
Page 15
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Unit
Quantity
Ton
Head Days
7.50
200.00
Price/
Unit
$96.70
$0.09
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$725.25
$18.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
Total
/Acre
Your Farm
Budget
$743.25
____________
____________
21.56
____________
____________
____________
162.42
____________
____________
____________
____________
1.90
____________
____________
____________
19.80
____________
____________
____________
11.81
____________
____________
2.20
19.35
76.22
38.83
47.38
0.97
0.93
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
17.67
2.13
Other Purchased Inputs &
Seed/Transplants
11.81
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------217.49
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
32.27
____________
____________
____________
118.04
____________
____________
____________
____________
5.40
26.88
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
17.27
100.77
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
23.66
-------------173.98
15.12
49.66
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$456.25
$287.00
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 3 / 5
Table 4B. Allocations of Ownership Costs; Alfalfa Hay w/Sheep, 1998
COUNTY:Mohave
CROP:
Alfalfa Hay w/Graze
AREA:
Mohave Valley
FARM: Mohave County 98
WATER SOURCE:
Colorado River Pump,
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
7.5 Tn / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 16
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$743.25
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$456.25
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$743.25
$456.25
$287.00
11.50
0.96
22.81
13.69
-------------48.96
$287.00
11.50
0.96
22.81
13.69
-------------48.96
505.21
505.21
$238.04
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
Stand Establishment (3 year crop)
$238.04
79.15
5.88
6.47
2.26
94.59
-------------188.35
94.59
-------------Total Capital Allocations
94.59
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$143.45
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
$49.69
Land Cost / Ownership (100% Equity)
Property Taxes ($510.00 X 16.0% X 0.102)
Opportunity Interest on Land (100% X 6.0 X $510.00)
8.37
8.37
30.60
--------------------------Total Land Costs
8.37
38.97
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$135.08
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------151.93
36.50
-------------312.79
=============
=============
$10.72
TOTAL COST
$608.17
$769.03
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$135.08
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
($25.78)
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$58.43
$41.71
$100.14
$58.43
$20.26
$78.69
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 3 / 5
Table 4C. Variable Operating Costs; Alfalfa Hay w/Sheep, 1998
COUNTY:Mohave
CROP:
Alfalfa Hay w/Graze
AREA:
Mohave Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
Jan
Feb
Apr
Apr
Apr
Apr
Apr
Apr
Jun
Jul
Sep
Oct
Oct
FARM: Mohave County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Irrigate/Run Fertilizer
Swathing
Raking
Baling
Roadsiding
Apply Herbicide/Air
Apply Insecticide/Air
Irrigate/Run Fertilizer
Rerun Borders
Apply Insecticide/Air
Renovate
Plant
Pickup Use60 Mi/Acre
Operating Interest at 10.0
0.180
0.129
0.180
0.082
0.090
0.180
0.300
2.000
Page 17
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.161
0.161
0.200
0.143
0.200
0.091
1.16
1.16
2.71
1.48
5.46
7.21
1.14
1.14
1.41
1.01
1.41
0.77
0.161
0.100
1.16
0.67
1.14
0.85
0.200
0.333
1.92
2.19
15.12
1.69
2.82
10.05
3.38
4.58
4.23
19.11
18.66
15.94
4.75
3.22
39.38
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
Tot. Cash
Expenses
Times
2.30
12.35
4.13
2.49
10.25
7.98
23.69
22.89
18.25
1.52
7.97
3.62
44.39
10.0
6.0
7.0
7.0
7.0
7.0
2.0
1.0
1.0
1.0
2.0
0.3
0.3
23.03
74.09
28.89
17.45
71.78
55.85
47.38
22.89
18.25
1.52
15.94
1.09
13.32
15.12
49.66
49.66
Class
G
G
H
H
H
H
G
G
G
G
G
G
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
456.25
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.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
13.32
Growing (G)
204.17
Harvest (H)
173.98
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
64.78
=============
Total (T)
$456.25
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
5.6
6.8
7.5
8.3
9.4
21.27
76.77
113.76
150.76
206.25
102.86
174.68
222.55
270.42
342.24
157.26
239.95
295.07
350.20
432.89
211.65
305.22
367.60
429.98
523.55
293.24
403.13
476.39
549.65
659.53
5.19
4.01
3.49
3.08
2.62
68.74
61.15
57.36
54.25
50.52
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 3 / 5
Table 4D. Resource and Cash Flow Requirements; Alfalfa Hay w/Sheep, 1998
COUNTY:Mohave
CROP:
Alfalfa Hay w/Graze
AREA:
Mohave Valley
Month *
Number
Irrigations
JAN C
1.0
FEB C
2.0
MAR C
1.0
APR C
2.0
MAY C
2.0
JUN C
2.0
JUL C
1.0
AUG C
2.0
SEP C
2.0
OCT C
1.0
NOV C
1.0
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Total
%
17.0
FARM: Mohave County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
5.0
10.0
5.0
10.0
10.0
10.0
5.0
10.0
10.0
5.0
5.0
85.0
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.16
0.32
0.16
0.96
0.96
0.96
0.90
0.96
0.96
0.95
0.16
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
1.16
2.33
1.16
19.19
19.19
19.19
18.70
19.19
19.19
19.26
1.16
15.12
7.43
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
223.8
Total P
38.8
Total K
0.0
Total Labor
7.4
Total Water
85.0
Page 18
154.86
33.94
1.14
2.28
1.14
6.89
6.89
6.89
6.60
6.89
6.89
7.10
1.14
53.83
11.80
49.66
2.30
14.65
2.30
76.04
29.46
79.14
38.72
49.55
55.44
41.56
2.30
15.12
49.66
72.55
15.90
456.25
100.00
10.05
37.77
45.10
10.05
20.09
16.48
139.53
30.58
3.38
3.38
3.38
3.38
3.38
3.38
15.19
35.47
7.77
8.81
4.58
9.50
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
21.8 Gal
Unleaded Gas
6.0 Gal
Electric / Pumping
310.0 KWH
All Direct Energy
4.8 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.57 Hr
Offset Disk, 13.5'
0.05 Hr
Seeder, Broadcast
0.09 Hr
Baler, 3 wire w/motor
Pickup Truck, 1/2 Ton
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
10-34-00, Lqd
10.00 Ga
Disulfoton
2.00 Pt
Twine, Plastic, 6500 '
3.43 TF
32-00-00, URAN 32, Lqd
Methomyl
Water, Pump
LABOR REQUIREMENT ( per Acre)
Harvest
3.80 Hr
Irrigators
1.26 Hr
2.00 Hr
2.40 Hr
60.00 Ga
1.00 Pt
85.00 AI
2.74 Hr
Border Disk, 6' Disk
Rake, 9.5' LH AND RH
Windrower, 14.0', HS, SC
Alfalfa Sd, Cert
Trifluralin
Tractor
0.09 Hr
0.90 Hr
1.26 Hr
4.50 Lb
40.00 Lb
0.90 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 3 / 5
Table 4E. Schedule of Operations; Alfalfa Hay w/Sheep, 1998
COUNTY:Mohave
CROP:
Alfalfa Hay w/Graze
AREA:
Mohave Valley
First
No.MonthTimes
FARM: Mohave County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
Operation
Page 19
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
Jan
Feb
10.0 Irrigate
6.0 Irrigate/Run Fertilizer
3
4
5
6
7
8
9
Apr
Apr
Apr
Apr
Apr
Apr
Jun
7.0
7.0
7.0
7.0
2.0
1.0
1.0
Swathing
Raking
Baling
Roadsiding
Apply Herbicide/Air
Apply Insecticide/Air
Irrigate/Run Fertilizer
Windrower, 14.0', HS, SC
100 Rake, 9.5' LH AND RH
100 Baler, 3 wire w/motor
Bale Wagon, SP PRC
CST Air Apply Granules 50lbs
CST Air Spray, 3 Gal Mix
10
11
12
13
Jul
Sep
Oct
Oct
1.0
2.0
0.3
0.3
Rerun Borders
Apply Insecticide/Air
Renovate
Plant
Pickup use 60 Mi/Ac
100 Border Disk, 6' Disk
CST Air Spray, 5 Gal Mix
100 Offset Disk, 13.5'
100 Seeder, Broadcast
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
6.20 Water, Pump
6.20 Water, Pump
32-00-00, URAN 32,
5.00
7.00
5.00 Twine, Plastic, 6500 '
11.00
Trifluralin
Disulfoton
6.20 Water, Pump
10-34-00, Lqd
10.00
Methomyl
5.00
3.00 Alfalfa Sd, Cert
0.50
5.00 AI
2.79 AF
5.00 AI
2.79 AF
10.00 Ga 173.00 Tn
0.49 TF
20.00
2.00
5.00
10.00
Irrigators
Irrigators
Harvest
Harvest
Harvest
Tractor
6.57 TF
Lb
0.91
Pt 71.08
AI
2.79
Ga 266.40
Labor
Type
Lb
Ga
AF
Tn
4.58 Ac
4.23 Ac
49.05 Ga
4.75 Ac
Irrigators
Tractor
0.50 Pt
15.00 Lb 250.00 CW
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 3 / 5