Table 5A. Income and Cash Operating Summary; Barley (Double Crop), 1998 COUNTY: Pima CROP: Barley AREA: Marana FARM: Pima County 98 ACRES: 1.0 YIELD: 4,800.0 Lb / Acre Item INCOME ⇒ Unit Grain Pound Page 20 WATER SOURCE: Cortaro-Marana IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Quantity 4,800.00 Price/ Unit $0.06 CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax) Paid Labor (including benefits) Tractor/Self Propelled Irrigation TILLAGE: Double Cropped SOIL: Sandy-Loam DATE: 2/5/99 Budgeted /Acre $302.40 Your Farm Budget $302.40 ____________ 24.55 ____________ ____________ ____________ 55.41 ____________ ____________ 18.42 ____________ ____________ ____________ 90.00 ____________ 25.20 ____________ ____________ 12.27 12.28 Chemicals and Custom Applications Fertilizer 55.41 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 6.12 12.30 Irrigation Water (excluding labor) Water Assessment (See Note Below) ** Other Purchased Inputs & Seed/Transplants Total /Acre 25.20 TOTAL CASH LAND PREPARATION AND GROWING EXPENSES -------------213.58 ____________ CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) Tractor/Self Propelled 0.11 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 0.06 0.13 Custom Harvest/Post Harvest TOTAL HARVEST AND POST HARVEST EXPENSE OPERATING OVERHEAD ⇒ PICKUP USE OPERATING INTEREST AT 10.0% 0.11 ____________ ____________ 0.19 ____________ ____________ ____________ 67.50 -------------67.80 ____________ 4.94 8.44 ____________ ____________ ============= TOTAL CASH OPERATING EXPENSES RETURNS OVER CASH OPERATING EXPENSES $294.76 $7.64 ____________ =================== ____________ ____________ 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 6 / 11 Table 5B. Allocations of Ownership Costs; Barley (Double Crop), 1998 COUNTY:Pima CROP: Barley AREA: Marana Item TOTAL INCOME at Page 21 FARM: Pima County 98 WATER SOURCE: Cortaro-Marana ACRES: 1.0 IRRIGATION SYSTEM: Flood Furrow YIELD: 4,800.0 Lb / Acre PREVIOUS CROP: Cotton, Upland $0.06 / Lb TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES CASH OVERHEAD EXPENSES Taxes, Housing and Insurance, Farm Machinery General and Office Overhead (5.0% of Total Operating Exp.) General Farm Maintenance (3.0% of Total Operating Exp.) Total Cash Overhead Expenses Total Cash Operating and Overhead Cost RETURNS OVER CASH OPER. AND OVER. EXPENSES -- CASH COST BASIS ($/ACRE) -Income and Costs Net Returns $302.40 TILLAGE: Double Cropped SOIL: Sandy-Loam DATE: 2/5/99 -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $302.40 $294.76 $294.76 $7.64 2.02 14.74 8.84 -------------25.60 $7.64 2.02 14.74 8.84 -------------25.60 320.36 320.36 ($17.96) CAPITAL ALLOCATIONS (100% Equity) Capital Replacement, Machinery and Vehicles Interest on Equity, Machinery and Vehicles ($17.96) 11.62 6.06 -------------17.68 Total Capital Allocations RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK --------------------------------> ($17.96) 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 7.94 7.94 16.20 20.00 -------------44.14 20.00 -------------Total Land Costs 27.94 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> ($45.90) RETURNS TO MANAGEMENT AND RISK -----------------------------------------------------------------------------------------------------> Management Services (8% of Total Operation Expenses) TOTAL OWNERSHIP COST -------------53.54 23.58 -------------111.00 ============= ============= TOTAL COST $348.30 $405.76 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> ($45.90) 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 ($35.64) $0.06 $0.01 $0.07 ($79.77) ($103.36) $0.06 $0.02 $0.08 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 6 / 11 Table 5C. Variable Operating Costs; Barley (Double Crop), 1998 COUNTY:Pima CROP: Barley AREA: Marana No. First Month Operation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Nov Nov Nov Dec Dec Dec Dec Dec Mar Mar May May May Jun FARM: Pima County 98 ACRES: 1.0 YIELD: 4,800.0 Lb / Acre ---- Hours * ---Machine Labor Apply Fert/Ground Disk Landplane List Plant Disk Ends Buck Rows Irrigate Irrigate Irrigate/Run Fertilizer Prepare Ends Combine Harvest Haul, Custom 50 CW Disk Residue 50 CW Pickup Use20 Mi/Acre Operating Interest at 10.0 0.075 0.225 0.257 0.180 0.277 0.011 0.023 0.011 Page 22 WATER SOURCE: Cortaro-Marana IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland ---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps. Labor Cust/Serv. Materials Total 0.083 0.250 0.286 0.200 0.308 0.013 0.025 0.600 0.300 0.300 0.013 0.42 3.78 3.70 2.67 2.52 0.19 0.12 0.19 0.68 2.05 2.34 1.64 2.52 0.11 0.20 4.09 2.05 2.05 0.11 25.27 25.20 30.00 15.00 30.07 55.00 12.50 0.300 0.667 TILLAGE: Double Cropped SOIL: Sandy-Loam DATE: 2/5/99 0.333 5.03 4.94 2.73 Tot. Cash Expenses Times 26.37 5.82 6.04 4.30 30.24 0.30 0.33 34.09 17.05 32.11 0.30 55.00 12.50 7.76 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 2.0 2.0 1.0 1.0 1.0 1.0 26.37 5.82 6.04 4.30 30.24 0.30 0.33 34.09 34.09 64.23 0.30 55.00 12.50 7.76 4.94 8.44 8.44 Class G L L L L G G G G G H H H L ============= TOTAL CASH OPERATING EXPENSES (includes all times over): 294.76 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 $20.00 per Acre is included as an ownership cost in Table B. OPERATING COST SUMMARY BY CLASS Land Preparation (L) 54.17 Growing (G) 159.41 Harvest (H) 67.80 Post Harvest (P) 0.00 Marketing (M) 0.00 Operating Overhead (O) 13.38 ============= Total (T) $294.76 SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Prices ⇒ - 25% - 10% Budgeted + 10% + 25% Yields $0.05 $0.06 $0.06 $0.07 $0.08 Break-even Price - 25% - 10% Budgeted + 10% + 25% 3,600.0 4,320.0 4,800.0 5,280.0 6,000.0 Break-even Yield -108.86 -85.01 -69.11 -53.21 -29.36 -74.84 -44.18 -23.75 -3.31 27.34 -52.16 -16.97 6.49 29.95 65.14 -29.48 10.25 36.73 63.22 102.94 4.54 51.07 82.09 113.11 159.64 6,886.22 5,357.78 4,667.18 4,134.28 3,529.74 0.08 0.07 0.06 0.06 0.05 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 6 / 11 Table 5D. Resource and Cash Flow Requirements; Barley (Double Crop), 1998 COUNTY:Pima CROP: Barley AREA: Marana Month * Number Irrigations NOV P DEC P 1.0 MAR C 1.0 APR C 2.0 MAY C 1.0 JUN C Pickup Use20 Mi/Acre Operating Interest at 10.0 Water Assessment Total % 5.0 FARM: Pima County 98 ACRES: 1.0 YIELD: 4,800.0 Lb / Acre Water Applied (inches) Total Labor (Hrs) 12.0 6.0 12.0 6.0 -------------------------------------Purchased Fuel, Oil Water and Repairs 0.62 1.15 0.30 0.60 0.31 0.33 Page 23 WATER SOURCE: Cortaro-Marana IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland 30.00 15.00 30.00 15.00 TILLAGE: Double Cropped SOIL: Sandy-Loam DATE: 2/5/99 Operating Costs ($/ACRE *) -------------------------------------Other Labor Chemicals Purchases Services Total 7.90 5.49 0.19 5.03 4.94 5.07 8.56 2.05 4.09 2.15 2.73 25.27 8.44 38.24 69.26 32.11 49.16 29.34 63.26 4.94 8.44 75.94 25.76 294.76 100.00 25.20 15.07 15.07 12.00 55.50 ** 36.0 3.31 TOTAL RESOURCE REQUIREMENTS ( per Acre) Total N 138.2 Total P 40.0 Total K 0.0 Total Labor 3.3 Total Water 36.0 EQUIPMENT REQUIREMENTS ( per Acre) Fertilizer Broadcaster, 0.08 Hr Lister, 7 Bottom 0.18 Hr Rowbuck, 10' 0.02 Hr MATERIALS REQUIREMENT ( per Acre) 16-20-00, Dry 200.00 Lb Water, District 36.00 AI LABOR REQUIREMENT ( per Acre) Irrigators 1.80 Hr 90.00 30.53 23.55 7.99 24.66 8.37 55.41 18.80 25.20 8.55 TOTAL ENERGY REQUIREMENTS ( per Acre) Diesel Fuel 9.1 Gal Unleaded Gas 2.0 Gal All Direct Energy 1.5 M BTU Grain Drill, 12' Offset Disk, 16.5' Tractor, 60 PTO HP 32-00-00, URAN 32, Lqd Tractor 0.28 Hr 0.55 Hr 0.37 Hr 30.00 Ga Landplane 12'X 45' Pickup Truck, 1/2 Ton Tractor, 150 PTO HP Barley Sd, Cert 0.26 Hr 0.67 Hr 0.98 Hr 100.00 Lb 1.51 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 6 / 11 Table 5E. Schedule of Operations; Barley (Double Crop), 1998 COUNTY:Pima CROP: Barley AREA: Marana First No.Month Times FARM: Pima County 98 ACRES: 1.0 YIELD: 4,800.0 Lb / Acre Operation Equipment/ Custom Oper HP Self-Prop./ Implement 1 2 3 4 5 6 7 8 9 10 Nov Nov Nov Dec Dec Dec Dec Dec Mar Mar 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 2.0 2.0 Apply Fert/Ground Disk Landplane List Plant Disk Ends Buck Rows Irrigate Irrigate Irrigate/Run Fertilizer 60 Fertilizer Broadcaster, 150 Offset Disk, 16.5' 150 Landplane 12'X 45' 150 Lister, 7 Bottom 60 Grain Drill, 12' 150 Offset Disk, 16.5' 60 Rowbuck, 10' 11 12 13 14 May May May Jun 1.0 1.0 1.0 1.0 Prepare Ends Combine Harvest Haul, Custom Disk Residue Pickup use 20 Mi/Ac 150 Offset Disk, 16.5' CST Combine Barley CST Haul Grain 150 Offset Disk, 16.5' Pickup Truck, 1/2 Ton Page 24 WATER SOURCE: Cortaro-Marana IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Job Rate Acres/Hr 12.00 4.00 3.50 5.00 3.25 80.00 40.00 1.67 3.33 3.33 TILLAGE: Double Cropped SOIL: Sandy-Loam DATE: 2/5/99 ---------- Material Use and Cost ---------- Service Cost Name Appl. Rate $ / Unit $ / Unit 16-20-00, Dry 200.00 Lb 240.67 Tn Barley Sd, Cert 100.00 Lb Water, District Water, District Water, District 32-00-00, URAN 32, 12.00 6.00 6.00 15.00 Tractor Tractor Tractor Tractor Tractor Tractor Tractor Irrigators Irrigators Irrigators 24.00 CW AI 30.00 AI 30.00 AI 30.00 Ga 173.00 Labor Type AF AF AF Tn 80.00 Tractor 37.50 Ac 0.25 C 3.00 1.50 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 6 / 11