Table
5A. Income and Cash Operating Cost Summary, Alfalfa Hay Production, 1996
COUNTY: Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
7.4 Tn/Acre
Item
INCOME ->
Alfalfa
Grazing
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay w/Gr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Unit
Quantity
Price
/Unit
Budgeted
/Acre
Total
/Acre
Ton
Head Days
7.40
250.00
$82.0000
0.1300
$606.80
32.50
$639.30
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals & Custom Applications
Herbicides
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs & Services
Seed/Transplants
62.90
0.38
62.52
14.38
14.38
8.61
5.05
3.56
250.13
**
5.51
5.51
__________
341.53
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Other Materials
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
14
37.67
Your Farm
Budget
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
27.59
__________
134.61
____________
____________
____________
____________
____________
____________
____________
____________
____________
10.25
0.17
==========
$486.57
$152.73
____________
____________
============
____________
____________
22.47
15.19
69.35
18.13
51.22
Notes: The above figures do not include ownership costs, see Table 5B on Next Page for detailed cost allocation.
** A water assessment charge of $18.75/Acre is included in the ownership costs of Table 5B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/12
Table
5B. Allocation of Ownership Costs; Alfalfa Hay Production, 1996
COUNTY: Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
7.4 Tn/Acre
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay w/Gr
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $ 82.0000/Tn + 2nd Crop
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
15
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$639.30
|
486.56
$152.73
|
$152.73
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
10.45
|
10.45
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
24.32
|
24.32
General Farm Maint. ( 3% of Tot. Oper. Exp.)
14.60
|
14.60
________
|
_________
Total Cash Overhead Expenses
49.37
|
49.37
|
Total Cash Oper. & Over. Cost
535.94
|
535.94
RETURNS OVER CASH OPER. & OVER. EXPENSES.
103.35
|
103.35
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
70.75
Interest on Equity, Machinery & Vehicles
|
5.57
Stand Establishment ( 3 Year Crop)
143.97
|
143.97
|
_________
Total Capital Allocations
143.97
|
220.28
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK —————————————————————————>(
40.61)
|
RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————>(
116.93)
____________
|
__________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($372 X 16% X .16455)
9.79
|
9.79
Opport. Inter. on Land (100% X 6.0% X $372)
|
22.32
Water Assessment **
18.75
|
18.75
—————
|
—————
Total Land Costs
28.54
|
50.86
RETURNS TO MANAGEMENT, CAPITAL & RISK ———————————————————————————————>(
69.15)
|
RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>(
167.79)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
38.92
________
|
_________
TOTAL OWNERSHIP COST
221.89
|
359.45
========
|
=========
TOTAL COST
$708.45
|
$846.02
RETURN TO MANAGEMENT, CAPITAL & RISK ————————————————————————————————>(
$69.15)
|
RETURN TO RISK (PROFITS) ———————————————————————————————————————————————————————————————————————————————>( $206.72)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$639.30
486.56
Tn)
$61.36
$29.98
$91.34
|
|
|
$61.36
$48.57
$109.93
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/12
Table
5C. Variable Operating Costs; Alfalfa Hay Production, 1996
COUNTY: Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
First
No. Month
1
2
3
4
5
6
7
8
9
10
Feb
Mar
Feb
Mar
Mar
Mar
Mar
Jun
Oct
Oct
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
7.4 Tn/Acre
Operation
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay w/Gr
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
Irrigate
Irrigate/Run Herbicide
Rerun Borders
Swathing
Raking
Baling
Roadsiding
Irrigate
Renovate
Plant
Pickup Use 40 Mi/Ac
Operating Interest at 8.00%
0.500
0.180
0.150
0.150
0.064
0.180
0.225
1.330
0.455
0.455
0.556
0.200
0.167
0.167
0.071
0.562
0.200
0.250
|
|
|
|
|
|
|
|
|
|
2.76
2.46
1.41
3.64
1.16
1.16
2.15
10.25
3.19
3.19
3.90
1.40
1.40
1.40
0.50
3.94
1.68
2.10
15.83
20.62
3.45
19.00
55.13
0.17
TOTAL CASH OPERATING EXPENSES:
* NOTES:
Page
$88.22
$100.53
$0.17
$297.61
19.02
23.81
6.66
3.86
2.81
8.49
1.66
22.94
2.84
59.38
16
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
8.0
3.0
3.0
8.0
8.0
8.0
8.0
4.0
0.1
0.1
Tot. Cash
Expense Class
152.16
71.43
19.98
30.89
22.45
67.92
13.29
91.76
0.28
5.94
10.25
0.17
________
$486.53
G
G
G
H
H
H
H
G
G
L
O
O
T
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 $18.75/Acre included as ownership cost in Table 5B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$5.93
Growing (G)
335.61
Harvest (H)
134.55
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
10.42
—————
Total (T)
$486.52
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
———————————————————————————————————————————————————————————————————————————————————
Yields
|
$61.50
$73.80
$82.00
$90.20
$102.50 Break-even
|——————————————————————————————————————————————————————————————
-25%
5.5
|
-111.56
-43.29
2.21
47.72
115.98
81.60
-10%
6.6
|
-63.48
18.43
73.04
127.65
209.57
71.03
Budgeted
7.4
|
-31.42
59.59
120.27
180.95
271.97
65.74
+10%
8.1
|
0.62
100.74
167.49
234.24
334.36
61.42
+25%
9.2
|
48.70
162.48
238.33
314.18
427.95
56.23
Break-even Yield
|
8.12
6.32
5.51
4.88
4.17
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/12
Table
5D. Resource and Cash Flow Requirements; Alfalfa Hay Production, 1996
COUNTY: Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
Month *
Number
Irrig.
Water
Applied
(Inches)
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
7.4 Tn/Acre
Total
Labor (Hrs)
|
|
|
1.01
1.06
1.51
1.97
2.28
1.62
1.16
1.61
1.10
0.45
|
|
|
|
|
|
|
|
|
|
FEB C
1.0
5.0
MAR C
1.0
5.0
APR C
2.0
10.0
MAY C
3.0
15.0
JUN C
2.0
12.0
JUL C
2.0
11.0
AUG C
1.0
6.0
SEP C
1.0
5.0
OCT C
1.0
5.0
NOV C
1.0
5.0
Pickup Use 40 Mi/Ac
Operating Interest at 8.0%
Water Assessment
Total
%
15.0
79.0
MATERIALS REQUIREMENTS(/Acre)
Water, District
Alfalfa Sd, Cert
LABOR REQUIREMENTS(/Acre)
Irrigators
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay w/Gr
17
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
15.83
15.83
31.66
47.49
38.00
34.83
19.00
15.83
15.83
15.83
2.76
8.67
8.67
8.67
11.43
8.67
8.67
11.43
9.00
7.09
7.90
11.09
14.27
16.48
11.84
8.65
11.79
8.28
3.19
4.79
0.17
25.68
40.64
54.86
78.67
69.36
63.57
39.77
42.50
42.07
19.02
10.25
0.17
4.79
0.17
0.03
486.56
100.00
3.45
3.45
3.45
3.45
3.45
3.45
3.45
8.96
4.79
10.25
**
13.80
|
|
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
0.0 lbs
Total P
0.0 lbs
Total K
0.0 lbs
Total Labor
13.8 Hrs
Total Water
79.0 AI
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 70 PTO HP, MFWD
Rake, 9.5' LH AND RH
Tractor, 50 PTO HP, MFWD
Pickup Truck, 1/2 Ton
Page
3.92
1.20
0.02
1.33
250.13
51.40
88.22
18.13
100.56
20.66
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
24.3
Regular Gas
0.0
NonLead Gas
4.0
All Direct Energy
Hrs
Hrs
Hrs
Hrs
79.00 AI
2.50 Lb
8.92 Hrs
3.8
14.37
2.95
33.11
6.80
Gal
Gal
Gal
M BTU
Border Disk, 6' Disk
Baler, 3 wire w/motor
Spring Tooth Renovator, 16'
1.50 Hrs
1.20 Hrs
0.02 Hrs
Windrower, 14.0', HS, SC
Bale Wagon, SP PRC W/Squeeze
Grain Drill, 16'
1.44 Hrs
0.51 Hrs
0.02 Hrs
EPTC
4.20 Pt
Baling Wire
4.00 TF
Harvest
2.17 Hrs
Tractor
* NOTE:
P = Previous Year C = Current Year
N = Next Year
** A water assessment charge of $18.75/Acre included as ownership cost in Table
(6500')
5B.
2.72 Hrs
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/12
Table
5E.
Schedule of Operations; Alfalfa Hay Production, 1996
COUNTY: Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
First
No. Month Times
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
7.4 Tn/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
Operation
1
2
Feb
Mar
8.0 Irrigate
3.0 Irrigate/Run Herbicid
3
4
5
6
7
8
9
10
Feb
Mar
Mar
Mar
Mar
Jun
Oct
Oct
3.0
8.0
8.0
8.0
8.0
4.0
0.1
0.1
Rerun Borders
Swathing
Raking
Baling
Roadsiding
Irrigate
Renovate
Plant
Pickup Use 40 Mi/Ac
70 Border Disk, 6' Disk
Windrower, 14.0', HS, S
70 Rake, 9.5' LH AND RH
70 Baler, 3 wire w/motor
Bale Wagon, SP PRC W/Sq
50 Spring Tooth Renovator,
70 Grain Drill, 16'
Pickup Truck, 1/2 Ton
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Alfalfa Hay w/Gr
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
———— Material Use & Cost ——— Service Cost
Name
Appl. Rate
$/Unit
$/Unit
2.20 Water, District
2.20 Water, District
EPTC
1.80
5.00
6.00
6.00 Baling Wire (6500
14.00
1.78 Water, District
5.00
4.00 Alfalfa Sd, Cert
0.75
5.00 AI
5.00 AI
1.40 Pt
18
38.00 AF
38.00 AF
26.08 Ga
0.50 TF
6.57 TF
6.00 AI
38.00 AF
25.00 Lb
210.00 CW
Labor
Type
Irrigator
Irrigator
Irrigator
Harvest
Tractor
Tractor
Harvest
Irrigator
Tractor
Tractor
* NOTE:
Machine times, labor times, and material rates are for one time over the designated acreage.
** A water assessment charge of $18.75/Acre included as ownership cost in Table 5B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/12