Table 11A. Income and Cash Operating Cost Summary, Grain Sorghum (Late), 1996
COUNTY: Pinal
CROP:
Sorghum(Milo), Grain
AREA:
Maricopa
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Item
INCOME ->
Grain
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
47
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/08/96
Unit
Quantity
Price
/Unit
Budgeted
/Acre
Total
/Acre
Pound
3,600.00
$0.0682
$245.52
$245.52
____________
45.12
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals & Custom Applications
Fertilizers
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs & Services
Seed/Transplants
16.23
28.89
57.26
57.26
16.29
7.03
9.26
139.33
**
9.45
9.45
_________
267.46
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
1.89
Your Farm
Budget
____________
39.10
_________
42.98
____________
____________
____________
____________
____________
____________
____________
____________
7.69
4.25
=========
$322.37
(
$76.85)
____________
____________
============
____________
____________
1.89
1.98
0.95
1.03
Notes: The above figures do not include ownership costs, see Table 11B on Next Page for detailed cost allocation.
** A water assessment charge of $ 9.38/Acre is included in the ownership costs of Table 11B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/46
Table 11B. Allocation of Ownership Costs; Grain Sorghum (Late), 1996
COUNTY: Pinal
CROP:
Sorghum(Milo), Grain
AREA:
Maricopa
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.0682/Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
48
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/08/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$245.52
|
322.37
(
$76.85)
|
(
$76.85)
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
1.95
|
1.95
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
16.11
|
16.11
General Farm Maint. ( 3% of Tot. Oper. Exp.)
9.67
|
9.67
_________
|
__________
Total Cash Overhead Expenses
27.73
|
27.73
|
Total Cash Oper. & Over. Cost
350.11
|
350.11
RETURNS OVER CASH OPER. & OVER. EXPENSES.
(
104.59)
|
(
104.59)
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
10.90
Interest on Equity, Machinery & Vehicles
|
5.57
|
__________
Total Capital Allocations
|
16.47
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK —————————————————————————>(
104.59)
|
RETURNS TO LAND, MANAGEMENT & RISK ————————————————————————————————————————————————————————————————————>(
121.06)
___________
|
___________
LAND COSTS / OWNERSHIP (100% Equity)
|
Property Taxes ($372 X 16% X .16455)
4.89
|
4.89
Opport. Inter. on Land (100% X 6.0% X $372)
|
11.16
Water Assessment **
9.38
|
9.38
—————
|
—————
Total Land Costs
14.27
|
25.43
RETURNS TO MANAGEMENT, CAPITAL & RISK ———————————————————————————————>(
118.86)
|
RETURNS TO MANAGEMENT & RISK ——————————————————————————————————————————————————————————————————————————>(
146.49)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
25.78
__________
|
__________
TOTAL OWNERSHIP COST
42.01
|
95.43
==========
|
==========
TOTAL COST
$364.38
|
$417.80
RETURN TO MANAGEMENT, CAPITAL & RISK ————————————————————————————————>(
$118.86)
|
RETURN TO RISK (PROFITS) ——————————————————————————————————————————————————————————————————————————————>(
$172.28)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$245.52
322.37
Lb)
$0.0895
$0.0116
$0.1012
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/46
$0.0895
$0.0265
$0.1160
Table 11C. Variable Operating Costs; Grain Sorghum (Late), 1996
COUNTY: Pinal
CROP:
Sorghum(Milo), Grain
AREA:
Maricopa
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
Sep
Oct
Oct
Oct
Nov
Nov
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Operation
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Apply Fert/Ground
Disk
List
Mulch
Plant
Buck Rows
Irrigate
Cultivate
Irrigate/Run Fertilizer
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom
36.0 CW
Cut Stalks
Disk Residue
Pickup Use 30 Mi/Ac
Operating Interest at 8.00%
0.075
0.225
0.180
0.300
0.180
0.225
0.164
0.022
0.180
0.225
1.000
0.083
0.250
0.200
0.333
0.200
0.250
0.750
0.182
0.562
0.562
0.025
|
|
|
|
|
|
|
|
|
|
|
|
|
0.200 |
0.250 |
0.46
2.54
1.82
3.30
2.18
1.29
1.08
0.25
0.70
2.10
1.68
2.80
1.68
2.10
5.26
1.53
3.94
3.94
0.21
32.81
9.45
25.33
27.15
19.00
30.10
9.00
1.74
2.54
7.68
1.68
2.10
4.24
$25.97
$47.01
$43.34
$206.04
49
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/08/96
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
TOTAL CASH OPERATING EXPENSES:
* NOTES:
Page
33.97
4.64
3.50
6.10
13.31
3.39
30.59
2.61
31.09
22.94
0.46
30.10
9.00
3.42
4.64
Times
1.0
1.0
1.0
1.0
1.0
1.0
1.0
2.0
3.0
3.0
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense Class
33.97
4.64
3.50
6.10
13.31
3.39
30.59
5.23
93.27
68.82
0.46
30.10
9.00
3.42
4.64
7.68
4.24
_________
$322.36
G
L
L
L
L
G
G
G
G
G
H
H
H
P
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 $ 9.38/Acre included as ownership cost in Table 11B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$32.18
Growing (G)
235.26
Harvest (H)
39.55
Post Harvest (P)
3.41
Marketing (M)
0.00
Operating Overhead (O)
11.92
—————
Total (T)
$322.35
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
————————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.05
$0.06
$0.06
$0.07
$0.08
Break-even
|———————————————————————————————————————————————————————————————
-25%
2,700.0
|
-173.50
-145.88
-127.47
-109.05
-81.43
0.11
-10%
3,240.0
|
-152.33
-119.18
-97.09
-74.99
-41.84
0.09
Budgeted 3,600.0
|
-138.21
-101.38
-76.83
-52.28
-15.45
0.08
+10%
3,960.0
|
-124.09
-83.58
-56.58
-29.57
10.93
0.08
+25%
4,500.0
|
-102.92
-56.88
-26.19
4.49
50.52
0.07
Break-even Yield
| 7,124.78 5,650.62 4,965.67 4,428.82 3,810.82
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/46
Table 11D. Resource and Cash Flow Requirements; Grain Sorghum (Late), 1996
COUNTY: Pinal
CROP:
Sorghum(Milo), Grain
AREA:
Maricopa
Total
Labor (Hrs)
|
|
|
JUN C
0.5
4.0
JUL C
1.5
10.0
AUG C
2.0
12.0
SEP C
2.0
12.0
OCT C
1.0
6.0
NOV C
DEC C
Pickup Use 30 Mi/Ac
Operating Interest at 8.0%
Water Assessment
1.46
1.52
1.12
1.12
0.58
0.22
0.22
|
|
|
|
|
|
|
Total
%
6.27
Month *
Number
Irrig.
7.0
Water
Applied
(Inches)
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
44.0
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
50
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/08/96
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
12.67
31.67
38.00
38.00
19.00
9.85
3.90
0.25
2.14
2.14
7.68
11.80
11.52
7.88
7.88
4.15
1.89
1.89
32.81
8.15
16.30
4.73
4.73
4.25
71.86
59.96
62.18
45.88
36.65
17.28
4.03
7.68
4.25
30.75
9.92
309.77
100.00
13.25
13.25
**
|
|
139.33
44.97
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
150.7 lbs
Total P
50.0 lbs
Total K
0.0 lbs
Total Labor
6.2 Hrs
Total Water
44.0 AI
25.97
8.38
47.01
15.17
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
8.3
Regular Gas
0.0
NonLead Gas
3.0
All Direct Energy
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 70 PTO HP, MFWD
Offset Disk, 13.5'
Planter, 6 Row
Rotary Stalk Cutter, 4 Row
0.81
0.47
0.18
0.18
MATERIALS REQUIREMENTS(/Acre)
16-20-00, Dry
82-00-00, Anhyd. Ammmonia
250.00 Lb
135.00 Lb
LABOR REQUIREMENTS(/Acre)
Tractor
Page
Hrs
Hrs
Hrs
Hrs
2.16 Hrs
1.5
Fertilizer Broadcaster, Towed
Lister, 7 Bottom
Rowbuck, 10'
Pickup Truck, 1/2 Ton
Grain Sorghum Sd
Irrigators
57.26
18.48
9.45
3.05
Gal
Gal
Gal
M BTU
0.08
0.18
0.23
1.00
Hrs
Hrs
Hrs
Hrs
10.00 Lb
Tractor, 100 PTO HP, MFWD
Power Mulcher, 4 Rw
Rolling Cultivator, 4 Rw
Water, District
1.13 Hrs
0.30 Hrs
0.33 Hrs
44.00 AI
4.12 Hrs
* NOTE:
P = Previous Year C = Current Year
N = Next Year
** A water assessment charge of $ 9.38/Acre included as ownership cost in Table 11B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/46
Table 11E.
Schedule of Operations; Grain Sorghum (Late), 1996
COUNTY: Pinal
CROP:
Sorghum(Milo), Grain
AREA:
Maricopa
First
No. Month Times
Operation
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
3,600.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
1
2
3
4
5
6
7
8
9
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
1.0
1.0
1.0
1.0
1.0
1.0
1.0
2.0
3.0
Apply Fert/Ground
70
Disk
100
List
100
Mulch
100
Plant
70
Buck Rows
70
Irrigate
Cultivate
70
Irrigate/Run Fertiliz
10
11
12
13
14
15
Sep
Oct
Oct
Oct
Nov
Nov
3.0
1.0
1.0
1.0
1.0
1.0
Irrigate
Prepare Ends
100
Combine Harvest
Haul, Custom
Cut Stalks
100
Disk Residue
100
Pickup Use 30 Mi/Ac
Fertilizer Broadcaster,
Offset Disk, 13.5'
Lister, 7 Bottom
Power Mulcher, 4 Rw
Planter, 6 Row
Rowbuck, 10'
Rolling Cultivator, 4 R
Offset Disk, 13.5'
CST Combine Grain Sorgh
CST Haul Grain
Rotary Stalk Cutter, 4
Offset Disk, 13.5'
Pickup Truck, 1/2 Ton
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Job Rate
Acres/Hr
12.00
4.00
5.00
3.00
5.00
4.00
1.33
5.50
1.78
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
10/08/96
———— Material Use & Cost ——— Service Cost
Name
Appl. Rate
$/Unit
$/Unit
16-20-00, Dry
250.00 Lb
250.00 Tn
Grain Sorghum Sd
10.00 Lb
90.00 CW
Water, District
8.00 AI
38.00 AF
6.00 AI
45.00 Lb
6.00 AI
38.00 AF
345.00 Tn
38.00 AF
Water, District
82-00-00, Anhyd. A
1.78 Water, District
40.00
51
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
Tractor
Irrigator
Irrigator
Tractor
17.50 Ac
0.25 CW
5.00
4.00
1.00
Tractor
Tractor
* NOTE: Machine times, labor times, and material rates are for one time over the designated acreage.
** A water assessment charge of $ 9.38/Acre included as ownership cost in Table 11B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/46