Table 4A. Income and Cash Operating Summary; Alfalfa Hay, 1998
COUNTY: Pima
CROP:
Alfalfa Hay w/Graze
AREA:
Marana
FARM: Pima County 98
ACRES:
1.0
YIELD:
8.2 Tn / Acre
Item
INCOME ⇒
Unit
Alfalfa
Ton
Page 15
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Quantity
8.20
Price/
Unit
$96.70
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Irrigation
Chemicals and Custom Applications
Insecticide
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
Budgeted
/Acre
$792.94
Total
/Acre
Your Farm
Budget
$792.94
____________
24.57
____________
____________
7.71
____________
____________
180.00
____________
-------------212.27
____________
24.57
7.71
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
30.71
____________
____________
____________
90.19
____________
____________
____________
____________
17.77
12.95
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
9.69
80.50
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
23.66
-------------144.57
9.88
18.03
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$384.76
$408.18
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $40.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 2
Table 4B. Allocations of Ownership Costs; Alfalfa Hay, 1998
COUNTY:Pima
CROP:
Alfalfa Hay w/Graze
AREA:
Marana
FARM: Pima County 98
WATER SOURCE:
Cortaro-Marana
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
8.2 Tn / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 16
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$792.94
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$384.76
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$792.94
$384.76
$408.18
9.37
19.24
11.54
-------------40.16
$408.18
9.37
19.24
11.54
-------------40.16
424.91
424.91
$368.03
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
Stand Establishment (3 year crop)
$368.03
65.17
4.02
102.88
-------------172.08
102.88
-------------Total Capital Allocations
102.88
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$265.14
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($540.00 X 16.0% X 0.183)
Opportunity Interest on Land (100% X 6.0 X $540.00)
Water Assessment
15.87
15.87
32.40
40.00
-------------88.27
40.00
-------------Total Land Costs
55.87
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$209.27
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
$195.95
-------------198.91
30.78
-------------331.28
=============
=============
$107.68
TOTAL COST
$583.67
$716.04
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$209.27
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
$76.90
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$46.92
$40.40
$87.32
$46.92
$24.26
$71.18
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 2
Table 4C. Variable Operating Costs; Alfalfa Hay, 1998
COUNTY:Pima
CROP:
Alfalfa Hay w/Graze
AREA:
Marana
No.
First
Month Operation
1
2
3
4
5
6
Mar
Apr
Apr
Apr
Apr
Aug
FARM: Pima County 98
ACRES:
1.0
YIELD:
8.2 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Swathing
Raking
Baling
Roadsiding
Apply Insecticide/Air
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.180
0.150
0.129
0.064
Page 17
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.300
0.200
0.167
0.143
0.071
2.61
1.16
3.54
5.57
2.05
1.36
1.37
1.17
0.48
15.00
3.38
4.23
1.333
3.48
17.05
3.98
2.53
8.09
6.06
7.71
Tot. Cash
Expenses
Times
12.0
7.0
7.0
7.0
7.0
1.0
204.57
27.84
17.69
56.65
42.39
7.71
9.88
18.03
9.88
18.03
Class
G
H
H
H
H
G
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
384.76
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
$40.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
0.00
Growing (G)
212.27
Harvest (H)
144.57
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
27.91
=============
Total (T)
$384.76
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
6.1
7.4
8.2
9.0
10.3
94.99
162.51
207.52
252.53
320.05
184.19
269.55
326.46
383.37
468.73
243.66
340.92
405.75
470.59
567.85
303.13
412.28
485.05
557.82
666.96
392.34
519.33
603.99
688.65
815.64
4.42
3.50
3.07
2.73
2.35
57.08
50.51
47.22
44.53
41.30
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 2
Table 4D. Resource and Cash Flow Requirements; Alfalfa Hay, 1998
COUNTY:Pima
CROP:
Alfalfa Hay w/Graze
AREA:
Marana
Month *
Number
Irrigations
MAR C
1.0
APR C
1.0
MAY C
2.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
1.0
OCT C
1.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
12.0
FARM: Pima County 98
ACRES:
1.0
YIELD:
8.2 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
6.0
6.0
12.0
12.0
12.0
12.0
6.0
6.0
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.30
0.88
1.18
1.18
1.18
1.18
0.88
0.88
Page 18
15.00
15.00
30.00
30.00
30.00
30.00
15.00
15.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
12.88
12.88
12.88
12.88
12.88
12.88
12.88
9.88
2.05
6.43
8.48
8.48
8.48
8.48
6.43
6.43
3.48
3.38
3.38
3.38
3.38
3.38
3.38
3.38
18.03
17.05
37.70
54.75
54.75
54.75
62.46
37.70
37.70
9.88
18.03
22.26
5.79
384.76
100.00
4.23
**
72.0
7.67
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
0.0
Total P
0.0
Total K
0.0
Total Labor
7.7
Total Water
72.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.45 Hr
Rake, 9.5' LH AND RH
1.05 Hr
Windrower, 14.0', HS, SC
1.26 Hr
180.00
46.78
100.08
26.01
55.28
14.37
3.48
0.90
23.66
6.15
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
14.3 Gal
Unleaded Gas
4.0 Gal
All Direct Energy
2.5 M BTU
Baler, 3 wire w/motor
Tractor, 50 PTO HP,
0.90 Hr
1.05 Hr
Pickup Truck, 1/2 Ton
Tractor, 70 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
Baling Twine (6500')
3.43 TF
Dimethoate
1.00 Pt
Water, District
LABOR REQUIREMENT ( per Acre)
Harvest
1.90 Hr
Irrigators
3.60 Hr
Tractor
1.33 Hr
0.90 Hr
72.00 AI
2.17 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$40.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 2
Table 4E. Schedule of Operations; Alfalfa Hay, 1998
COUNTY:Pima
CROP:
Alfalfa Hay w/Graze
AREA:
Marana
First
No.MonthTimes
1
2
3
4
5
6
Mar
Apr
Apr
Apr
Apr
Aug
12.0
7.0
7.0
7.0
7.0
1.0
FARM: Pima County 98
ACRES:
1.0
YIELD:
8.2 Tn / Acre
Operation
Page 19
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
Irrigate
Swathing
Raking
Baling
Roadsiding
Apply Insecticide/Air
Windrower, 14.0', HS, SC
50 Rake, 9.5' LH AND RH
70 Baler, 3 wire w/motor
Bale Wagon, SP PRC
CST Air Spray, 3 Gal Mix
Pickup use 40 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
3.33 Water, District
5.00
6.00
7.00 Baling Twine (6500')
14.00
Dimethoate
6.00 AI
30.00 AF
0.49 TF
6.57 TF
1.00 Pt
26.50 Ga
Labor
Type
Irrigators
Harvest
Tractor
Tractor
Harvest
4.23 Ac
0.75
*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 6 / 2