Table 6A. Income and Cash Operating Summary; Durum Wheat, 1998
COUNTY: Pima
CROP:
Wheat, Durum
AREA:
Marana
FARM: Pima County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 25
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
5,000.00
Price/
Unit
$0.08
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
Budgeted
/Acre
$375.00
Your Farm
Budget
$375.00
____________
25.89
____________
____________
____________
55.41
____________
____________
19.84
____________
____________
____________
90.00
____________
26.46
____________
____________
13.61
12.28
Chemicals and Custom Applications
Fertilizer
55.41
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
6.57
13.27
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Total
/Acre
26.46
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------217.60
____________
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
____________
____________
____________
72.45
-------------72.75
____________
4.94
8.84
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$304.13
$70.87
____________
===================
____________
____________
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 / 32
Table 6B. Allocations of Ownership Costs; Durum Wheat, 1998
COUNTY:Pima
CROP:
Wheat, Durum
AREA:
Marana
Item
TOTAL INCOME at
Page 26
FARM: Pima County 98
WATER SOURCE:
Cortaro-Marana
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
5,000.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.08 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$375.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$375.00
$304.13
$304.13
$70.87
2.27
15.21
9.12
-------------26.60
$70.87
2.27
15.21
9.12
-------------26.60
330.73
330.73
$44.27
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$44.27
13.00
5.55
-------------18.55
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$44.27
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 ---------------------------------------->
($11.60)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------82.48
24.33
-------------157.75
=============
=============
TOTAL COST
$386.60
$461.88
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($11.60)
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
$25.72
$0.06
$0.02
$0.08
($62.55)
($86.88)
$0.06
$0.03
$0.09
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 32
Table 6C. Variable Operating Costs; Durum Wheat, 1998
COUNTY:Pima
CROP:
Wheat, Durum
AREA:
Marana
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Nov
Nov
Dec
Dec
Dec
Dec
Dec
Dec
Mar
Mar
May
May
May
Jun
FARM: Pima County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
---- Hours * ---Machine Labor
Apply Fert/Ground
Disk
List
Shape Beds
Plant
Disk Ends
Buck Rows
Irrigate
Irrigate
Irrigate/Run Fertilizer
Prepare Ends
Combine Harvest
Haul, Custom 60 CW
Disk Residue 60 CW
Pickup Use20 Mi/Acre
Operating Interest at 10.0
0.075
0.225
0.180
0.180
0.277
0.011
0.023
0.011
Page 27
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.083
0.250
0.200
0.200
0.308
0.013
0.025
0.600
0.300
0.300
0.013
0.47
3.78
2.67
1.30
2.52
0.19
0.12
0.19
0.68
2.05
1.64
1.64
2.52
0.11
0.20
4.09
2.05
2.05
0.11
25.27
26.46
30.00
15.00
30.07
57.45
15.00
0.300
0.667
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
0.333
5.03
4.94
2.73
Tot. Cash
Expenses
Times
26.42
5.82
4.30
2.93
31.50
0.30
0.33
34.09
17.05
32.11
0.30
57.45
15.00
7.76
1.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
2.0
2.0
1.0
1.0
1.0
1.0
26.42
11.64
4.30
2.93
31.50
0.30
0.33
34.09
34.09
64.23
0.30
57.45
15.00
7.76
4.94
8.84
8.84
Class
G
L
L
L
L
G
G
G
G
G
H
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
304.13
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)
58.14
Growing (G)
159.46
Harvest (H)
72.75
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
13.78
=============
Total (T)
$304.13
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.06
$0.07
$0.08
$0.08
$0.09 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
3,750.0
4,500.0
5,000.0
5,500.0
6,250.0
Break-even Yield
-76.15
-44.88
-24.03
-3.18
28.10
-33.97
5.75
32.22
58.70
98.41
-5.84
39.50
69.72
99.95
145.29
22.28
73.25
107.22
141.20
192.16
64.47
123.87
163.47
203.07
262.47
5,576.21 4,391.48
3,846.64
3,422.08
2,935.99
0.08
0.07
0.06
0.06
0.05
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 32
Table 6D. Resource and Cash Flow Requirements; Durum Wheat, 1998
COUNTY:Pima
CROP:
Wheat, Durum
AREA:
Marana
Month *
Number
Irrigations
NOV P
DEC P
1.0
MAR C
1.0
APR C
2.0
MAY C
1.0
JUN C
Pickup Use20 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
5.0
FARM: Pima County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
12.0
6.0
12.0
6.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.33
1.60
0.30
0.60
0.31
0.33
Page 28
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
30.00
15.00
30.00
15.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
4.25
10.56
2.73
12.25
2.05
4.09
2.15
2.73
0.19
5.03
4.94
25.27
8.84
32.24
79.27
32.11
49.16
29.94
67.61
4.94
8.84
81.29
26.73
304.13
100.00
26.46
15.07
15.07
12.60
59.85
**
36.0
3.47
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
138.2
Total P
40.0
Total K
0.0
Total Labor
3.5
Total Water
36.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Shaper, 6 Rw
0.18 Hr
Lister, 7 Bottom
0.18 Hr
Rowbuck, 10'
0.02 Hr
Tractor, 100 PTO HP,
0.18 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
29.59
24.97
8.21
26.00
8.55
55.41
18.22
26.46
8.70
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
9.8 Gal
Unleaded Gas
2.0 Gal
All Direct Energy
1.6 M BTU
Fertilizer Broadcaster,
Offset Disk, 16.5'
Tractor, 60 PTO HP
Tractor, 150 PTO HP
32-00-00, URAN 32, Lqd
Tractor
0.08
0.77
0.30
0.95
Hr
Hr
Hr
Hr
30.00 Ga
Grain Drill, 12'
Pickup Truck, 1/2 Ton
Tractor, 70 PTO HP
Durum Wheat Sd, Cert
0.28 Hr
0.67 Hr
0.08 Hr
120.00 Lb
1.67 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 / 32
Table 6E. Schedule of Operations; Durum Wheat, 1998
COUNTY:Pima
CROP:
Wheat, Durum
AREA:
Marana
First
No.Month Times
FARM: Pima County 98
ACRES:
1.0
YIELD:
5,000.0 Lb / Acre
Operation
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
8
9
10
Nov
Nov
Dec
Dec
Dec
Dec
Dec
Dec
Mar
Mar
1.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
2.0
2.0
Apply Fert/Ground
Disk
List
Shape Beds
Plant
Disk Ends
Buck Rows
Irrigate
Irrigate
Irrigate/Run Fertilizer
70 Fertilizer Broadcaster,
150 Offset Disk, 16.5'
150 Lister, 7 Bottom
100 Bed Shaper, 6 Rw
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 Wheat
CST Haul Grain
150 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
Page 29
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
12.00
4.00
5.00
5.00
3.25
80.00
40.00
1.67
3.33
3.33
TILLAGE: Conventional
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
Durum Wheat Sd, Cert
120.00 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
21.00 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 / 32