Table 7A. Income and Cash Operating Summary; Wheat, 1998
COUNTY: Mohave
CROP:
Wheat, Winter
AREA:
Mohave Valley
FARM: Mohave County 98
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 31
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Quantity
5,900.00
Price/
Unit
$0.06
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Budgeted
/Acre
$365.80
Total
/Acre
Your Farm
Budget
$365.80
____________
21.89
____________
____________
____________
56.66
____________
____________
____________
20.05
____________
____________
____________
8.15
____________
____________
____________
17.64
____________
____________
14.26
7.63
Chemicals and Custom Applications
Fertilizer
Herbicide
46.88
9.78
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
8.45
11.60
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
7.28
0.88
Other Purchased Inputs &
Seed/Transplants
17.64
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------124.39
____________
CASH HARVEST AND POST HARVEST EXPENSES
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
66.30
-------------66.30
____________
7.56
5.49
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$203.75
$162.05
____________
===================
____________
____________
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 / 214
Table 7B. Allocations of Ownership Costs; Wheat, 1998
COUNTY:Mohave
CROP:
Wheat, Winter
AREA:
Mohave Valley
Item
TOTAL INCOME at
Page 32
FARM: Mohave County 98
WATER SOURCE:
Colorado River Pump,
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
5,900.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.06 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$365.80
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$365.80
$203.75
$203.75
$162.05
2.57
0.40
10.19
6.11
-------------19.26
$162.05
2.57
0.40
10.19
6.11
-------------19.26
223.01
223.01
$142.79
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
$142.79
13.85
2.42
6.66
0.93
-------------23.87
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$142.79
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
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
-------------38.97
-------------Total Land Costs
8.37
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$134.42
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------27.63
16.30
-------------98.40
=============
=============
TOTAL COST
$231.38
$302.15
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$134.42
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
$118.93
$0.03
$0.00
$0.04
$79.95
$63.65
$0.03
$0.02
$0.05
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 3 / 214
Table 7C. Variable Operating Costs; Wheat, 1998
COUNTY:Mohave
CROP:
Wheat, Winter
AREA:
Mohave Valley
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Jan
Jan
Mar
Jun
Jun
Jul
Page 33
FARM: Mohave County 98
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
---- Hours * ---Machine Labor
Disk
Landplane
Plant
Apply Fert/Ground
Apply Herbicide/Ground
Disk
Make Borders
Irrigate
Irrigate/Run Fertilizer
Apply Herbicide/Ground
Combine Harvest
Haul, Custom 48 CW
Disk Residue 48 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.225
0.209
0.180
0.090
0.090
0.225
0.090
0.090
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.250
0.233
0.200
0.100
0.100
0.250
0.100
0.130
0.143
0.100
3.27
3.29
2.19
0.71
0.71
3.27
0.69
0.93
1.16
0.76
2.12
1.97
1.69
0.85
0.85
2.12
0.85
0.92
1.01
0.85
17.64
11.93
14.33
11.65
7.83
54.30
12.00
0.180
1.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
0.200
2.62
7.56
1.69
Tot. Cash
Expenses
Times
5.39
5.26
21.52
13.48
15.89
5.39
1.53
1.85
13.83
9.44
54.30
12.00
4.31
2.0
1.0
1.0
1.0
0.3
1.0
1.0
5.0
3.0
0.7
1.0
1.0
1.0
10.78
5.26
21.52
13.48
4.77
5.39
1.53
9.25
41.48
6.61
54.30
12.00
4.31
7.56
5.49
5.49
Class
L
L
L
G
G
L
G
G
G
G
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
203.75
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)
47.27
Growing (G)
77.12
Harvest (H)
66.30
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
13.05
=============
Total (T)
$203.75
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.05
$0.06
$0.06
$0.07
$0.08 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
4,425.0
5,310.0
5,900.0
6,490.0
7,375.0
Break-even Yield
19.84
51.05
71.85
92.66
123.87
60.99
100.43
126.72
153.02
192.45
88.43
133.35
163.30
193.25
238.18
115.86
166.28
199.88
233.49
283.90
157.02
215.66
254.75
293.85
352.49
3,862.32 3,056.27
2,682.99
2,390.96
2,055.39
0.04
0.04
0.03
0.03
0.03
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 3 / 214
Table 7D. Resource and Cash Flow Requirements; Wheat, 1998
COUNTY:Mohave
CROP:
Wheat, Winter
AREA:
Mohave Valley
Month *
Number
Irrigations
DEC P
JAN C
1.0
FEB C
1.0
MAR C
2.0
APR C
3.0
MAY C
1.0
JUN C
JUL C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Total
%
8.0
FARM: Mohave County 98
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
4.0
5.0
9.0
13.0
4.0
Page 34
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
1.41
0.13
0.14
0.27
0.47
0.13
16.90
0.93
1.16
2.10
3.56
0.93
11.97
0.92
1.01
1.93
3.44
0.92
0.20
2.62
7.56
1.69
16.23
17.64
5.49
62.74
1.85
13.83
15.68
24.13
1.85
66.30
4.31
7.56
5.49
71.79
35.24
203.75
100.00
11.65
11.65
17.13
66.30
35.0
2.76
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
181.0
Total P
41.6
Total K
0.0
Total Labor
2.8
Total Water
35.0
35.76
17.55
21.89
10.74
56.66
27.81
17.64
8.66
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
10.1 Gal
Unleaded Gas
3.0 Gal
Electric / Pumping
127.6 KWH
All Direct Energy
2.2 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.09 Hr
Grain Drill, 14'
0.18 Hr
Pickup Truck, 1/2 Ton
1.00 Hr
Directed Spray Rig, 8
Landplane 14'X 60'
Tractor, 100 PTO HP,
0.06 Hr
0.21 Hr
0.45 Hr
Fertilizer Broadcaster,
Offset Disk, 13.5'
Tractor, 150 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
11-52-00, Dry
80.00 Lb
Milling Wheat Sd, Cert
120.00 Lb
2,4-d
Trifluralin
2.80 Pt
4.50 Lb
82-00-00, Anhyd.
Water, Pump
LABOR REQUIREMENT ( per Acre)
Irrigators
1.08 Hr
Tractor
1.68 Hr
0.12 Hr
0.85 Hr
1.06 Hr
210.00 Lb
35.00 AI
*NOTE: P = Previous Year C = Current Year N = Next Year
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 3 / 214
Table 7E. Schedule of Operations; Wheat, 1998
COUNTY:Mohave
CROP:
Wheat, Winter
AREA:
Mohave Valley
First
No.Month Times
FARM: Mohave County 98
ACRES:
1.0
YIELD:
5,900.0 Lb / Acre
Operation
Page 35
WATER SOURCE:
Colorado River Pump,
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
8
9
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Jan
Jan
2.0
1.0
1.0
1.0
0.3
1.0
1.0
5.0
3.0
Disk
150 Offset Disk, 13.5'
Landplane
150 Landplane 14'X 60'
Plant
100 Grain Drill, 14'
Apply Fert/Ground
100 Fertilizer Broadcaster,
Apply Herbicide/Ground 100 Fertilizer Broadcaster,
Disk
150 Offset Disk, 13.5'
Make Borders
100 Blade Scraper, 10'
Irrigate
Irrigate/Run Fertilizer
10
11
12
13
Mar
Jun
Jun
Jul
0.7
1.0
1.0
1.0
Apply Herbicide/Ground 100 Directed Spray Rig, 8
Combine Harvest
CST Combine Wheat
Haul, Custom
CST Haul Grain
Disk Residue
150 Offset Disk, 13.5'
Pickup use 30 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
4.00
4.30
5.00
10.00
10.00
4.00
10.00
7.70
7.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/3/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
Milling Wheat Sd, Cert
11-52-00, Dry
Trifluralin
Water, Pump
Water, Pump
82-00-00, Anhyd.
10.00 2,4-d
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Irrigators
120.00 Lb 14.00 CW
80.00 Lb 284.00 Tn
15.00 Lb
0.91 Lb
4.00
5.00
70.00
4.00
Labor
Type
AI
2.79 AF
AI
2.79 AF
Lb 317.00 Tn
Pt 14.92 Ga
Tractor
37.50 Ac
0.25 C
5.00
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 3 / 214