Table 7A. Income and Cash Operating Summary; Grain Sorghum, 1998
COUNTY: Pima
CROP:
Sorghum(Milo), Grain
AREA:
Marana
FARM: Pima County 98
ACRES:
1.0
YIELD:
3,200.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 30
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Quantity
3,200.00
Price/
Unit
$0.11
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
$352.00
Your Farm
Budget
$352.00
____________
25.81
____________
____________
____________
43.51
____________
____________
____________
18.76
____________
____________
____________
75.00
____________
11.97
____________
____________
13.69
12.12
Chemicals and Custom Applications
Fertilizer
Herbicide
30.14
13.37
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
6.02
12.74
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Total
/Acre
11.97
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------175.05
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
1.74
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
1.04
1.79
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
1.74
____________
____________
2.84
____________
____________
____________
64.70
-------------69.28
____________
7.41
6.28
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$258.03
$93.97
____________
===================
____________
____________
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 / 76
Table 7B. Allocations of Ownership Costs; Grain Sorghum, 1998
Page 31
COUNTY:Pima
FARM: Pima County 98
WATER SOURCE:
Cortaro-Marana
CROP:
Sorghum(Milo), Grain ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
AREA:
Marana
YIELD:
3,200.0 Lb / Acre PREVIOUS CROP:
Wheat, Winter
Item
TOTAL INCOME at
$0.11 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
$258.03
$258.03
$93.97
2.37
12.90
7.74
-------------23.01
$93.97
2.37
12.90
7.74
-------------23.01
281.04
281.04
$70.96
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$70.96
13.80
6.43
-------------20.23
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$70.96
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
15.87
15.87
32.40
40.00
-------------88.27
40.00
-------------Total Land Costs
55.87
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$15.09
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------78.88
20.64
-------------152.16
=============
=============
TOTAL COST
$336.91
$410.18
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$15.09
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
$50.73
$0.08
$0.02
$0.11
($37.54)
($58.18)
$0.08
$0.05
$0.13
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 76
Table 7C. Variable Operating Costs; Grain Sorghum, 1998
COUNTY:Pima
FARM: Pima County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Marana
YIELD:
3,200.0 Lb / Acre
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
Oct
Oct
Oct
Nov
Dec
---- Hours * ---Machine Labor
Disk
List
Plant
Disk Ends
Buck Rows
Apply Herbicide/Ground
Irrigate
Cultivate
Irrigate/Run Fertilizer
Prepare Ends
Combine Harvest
Haul, Custom 50 CW
Cut Stalks 50 CW
Disk Residue 50 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.225
0.180
0.225
0.023
0.022
0.112
0.164
0.011
Page 32
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.250
0.200
0.250
0.025
0.025
0.125
0.294
0.182
0.300
0.013
3.78
2.67
2.66
0.38
0.09
1.09
1.08
0.19
2.05
1.64
2.05
0.20
0.20
1.02
2.01
1.49
2.05
0.11
11.97
13.37
12.50
27.57
52.20
12.50
0.180
0.300
1.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
0.200
0.333
2.65
5.03
7.41
1.64
2.73
Tot. Cash
Expenses
Times
5.82
4.30
16.67
0.58
0.29
15.48
14.51
2.57
29.62
0.30
52.20
12.50
4.28
7.76
1.0
1.0
1.0
3.0
3.0
1.0
4.0
2.0
2.0
1.0
1.0
1.0
1.0
1.0
5.82
4.30
16.67
1.75
0.87
15.48
58.02
5.13
59.23
0.30
52.20
12.50
4.28
7.76
7.41
6.28
6.28
Class
L
L
L
G
G
G
G
G
G
H
H
H
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
258.03
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)
34.56
Growing (G)
140.49
Harvest (H)
65.00
Post Harvest (P)
4.28
Marketing (M)
0.00
Operating Overhead (O)
13.69
=============
Total (T)
$258.03
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.08
$0.10
$0.11
$0.12
$0.14 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
2,400.0
2,880.0
3,200.0
3,520.0
4,000.0
Break-even Yield
-43.43
-14.22
5.25
24.73
53.93
-3.83
33.30
58.05
82.81
119.93
22.57
64.98
93.25
121.53
163.93
48.97
96.66
128.45
160.25
207.93
88.57
144.18
181.25
218.33
273.93
3,113.67 2,449.47
2,144.50
1,907.06
1,635.45
0.10
0.09
0.08
0.08
0.07
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 6 / 76
Table 7D. Resource and Cash Flow Requirements; Grain Sorghum, 1998
COUNTY:Pima
FARM: Pima County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Marana
YIELD:
3,200.0 Lb / Acre
Month *
Number
Irrigations
JUN C
1.0
JUL C
2.0
AUG C
2.0
SEP C
1.0
OCT C
NOV C
DEC C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
6.0
Water
Applied
(inches)
Total
Labor (Hrs)
5.0
10.0
10.0
5.0
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.17
1.01
0.64
0.29
0.01
0.10
0.43
Page 33
12.50
25.00
25.00
12.50
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
10.65
2.61
0.46
9.17
7.44
4.46
2.01
0.11
0.82
3.55
0.19
1.32
6.36
7.41
13.37
15.07
15.07
11.97
6.28
57.66
50.13
44.99
14.51
32.65
34.49
9.90
7.41
6.28
70.98
27.51
258.03
100.00
32.35
32.35
**
30.0
3.66
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
106.2
Total P
0.0
Total K
0.0
Total Labor
3.7
Total Water
30.0
EQUIPMENT REQUIREMENTS ( per Acre)
Directed Spray Rig, 8
0.11 Hr
Pickup Truck, 1/2 Ton
1.00 Hr
Rotary Stalk Cutter, 4 Row
0.18 Hr
Tractor, 70 PTO HP,
0.55 Hr
MATERIALS REQUIREMENT ( per Acre)
32-00-00, URAN 32, Lqd
30.00 Ga
Water, District
30.00 AI
LABOR REQUIREMENT ( per Acre)
Irrigators
1.78 Hr
75.00
29.07
29.01
11.24
27.56
10.68
43.51
16.86
11.97
4.64
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
10.4 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
1.8 M BTU
Lister, 7 Bottom
Planter, Drill Type, 6 Row
Rowbuck, 10'
Tractor, 100 PTO HP
0.18
0.22
0.07
0.11
Hr
Hr
Hr
Hr
Bromoxynil
1.50 Pt
Tractor
1.88 Hr
Offset Disk, 16.5'
Rolling Cultivator, 6 Rw
Tractor, 50 PTO HP,
Tractor, 150 PTO HP
Grain Sorghum Sd
0.60
0.33
0.07
0.96
Hr
Hr
Hr
Hr
12.00 Lb
*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 / 76
Table 7E. Schedule of Operations; Grain Sorghum, 1998
COUNTY:Pima
FARM: Pima County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Marana
YIELD:
3,200.0 Lb / Acre
First
No.MonthTimes
Operation
Page 34
WATER SOURCE:
Cortaro-Marana
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Equipment/ Custom Oper
HP Self-Prop./ Implement
Job Rate
Acres/Hr
1
2
3
4
5
6
7
8
9
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
1.0
1.0
1.0
3.0
3.0
1.0
4.0
2.0
2.0
Disk
150 Offset Disk, 16.5'
List
150 Lister, 7 Bottom
Plant
70 Planter, Drill Type, 6 Row
Disk Ends
150 Offset Disk, 16.5'
Buck Rows
50 Rowbuck, 10'
Apply Herbicide/Ground100 Directed Spray Rig, 8
Irrigate
Cultivate
70 Rolling Cultivator, 6 Rw
Irrigate/Run Fertilizer
4.00
5.00
4.00
40.00
40.00
8.00
3.40
5.50
3.33
10
11
12
13
14
Oct
Oct
Oct
Nov
Dec
1.0
1.0
1.0
1.0
1.0
Prepare Ends
Combine Harvest
Haul, Custom
Cut Stalks
Disk Residue
Pickup use 30 Mi/Ac
80.00
150 Offset Disk, 16.5'
CST Combine Grain Sorghum
CST Haul Grain
150 Rotary Stalk Cutter, 4 Row
150 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/5/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
Grain Sorghum Sd
Bromoxynil
Water, District
Water, District
32-00-00, URAN 32,
12.00 Lb
95.00 CW
1.50 Pt
5.00 AI
67.93 Ga
30.00 AF
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Irrigators
5.00 AI 30.00 AF
15.00 Ga 173.00 Tn
Tractor
37.50 Ac
0.25 C
5.00
3.00
1.00
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 6 / 76