Table 10A. Income and Cash Operating Cost Summary, Durum Wheat, 1996
COUNTY: Pinal
CROP:
Wheat, Durum
AREA:
Maricopa
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
5,000.0 Lb/Acre
Item
INCOME ->
Grain
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
42
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Unit
Quantity
Price
/Unit
Budgeted
/Acre
Total
/Acre
Pound
5,000.00
$0.0682
$341.00
$341.00
____________
27.37
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
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
9.43
17.94
69.77
69.77
10.12
4.29
5.83
101.33
**
22.05
22.05
__________
230.64
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
0.21
Your Farm
Budget
____________
47.50
___________
47.96
____________
____________
____________
____________
____________
____________
____________
____________
7.69
5.02
============
$291.31
$49.69
____________
____________
============
____________
____________
0.21
0.25
0.10
0.14
Notes: The above figures do not include ownership costs, see Table 10B on Next Page for detailed cost allocation.
** A water assessment charge of $18.75/Acre is included in the ownership costs of Table 10B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/45
Table 10B. Allocation of Ownership Costs; Durum Wheat, 1996
COUNTY: Pinal
CROP:
Wheat, Durum
AREA:
Maricopa
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
5,000.0 Lb/Acre
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.0682/Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
43
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$341.00
|
291.30
$49.69
|
$49.69
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
1.22
|
1.22
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
14.56
|
14.56
General Farm Maint. ( 3% of Tot. Oper. Exp.)
8.74
|
8.74
__________
|
__________
Total Cash Overhead Expenses
24.52
|
24.52
|
Total Cash Oper. & Over. Cost
315.83
|
315.83
RETURNS OVER CASH OPER. & OVER. EXPENSES.
25.16
|
25.16
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
6.92
Interest on Equity, Machinery & Vehicles
|
3.68
|
__________
Total Capital Allocations
|
10.60
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK —————————————————————————>
25.16
|
RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————>
14.56
____________
|
____________
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 ———————————————————————————————>(
3.37)
|
RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>(
36.30)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
23.30
__________
|
____________
TOTAL OWNERSHIP COST
53.06
|
109.29
==========
|
============
TOTAL COST
$344.37
|
$400.60
RETURN TO MANAGEMENT, CAPITAL & RISK ————————————————————————————————>(
$3.37)
|
RETURN TO RISK (PROFITS) ———————————————————————————————————————————————————————————————————————————————>( $59.60)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$341.00
291.30
Lb)
$0.0582
$0.0106
$0.0688
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/45
$0.0582
$0.0218
$0.0801
Table 10C. Variable Operating Costs; Durum Wheat, 1996
COUNTY: Pinal
CROP:
Wheat, Durum
AREA:
Maricopa
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
Nov
Nov
Nov
Dec
Dec
Dec
Feb
Mar
May
May
May
Jun
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
5,000.0 Lb/Acre
Operation
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
Apply Fert/Ground
Disk
List
Plant
Buck Rows
Irrigate
Irrigate/Run Fertilizer
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom
50.0 CW
Disk Residue
Pickup Use 30 Mi/Ac
Operating Interest at 8.00%
0.075
0.225
0.237
0.225
0.022
0.022
0.225
1.000
0.083
0.250
0.263
0.250
0.025
0.750
0.455
0.450
0.025
|
|
|
|
|
|
|
|
|
|
|
0.250 |
0.46
2.54
2.31
2.15
0.13
0.25
0.70
2.10
2.21
2.10
0.21
5.26
3.19
3.15
0.21
33.55
22.05
25.33
37.11
19.00
35.00
12.50
2.54
7.68
2.10
5.02
TOTAL CASH OPERATING EXPENSES:
* NOTES:
Page
$18.06
$27.57
$52.52
$193.15
34.71
4.64
4.52
26.30
0.34
30.59
40.30
22.15
0.46
35.00
12.50
4.64
44
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
1.0
1.0
1.0
1.0
1.0
1.0
2.0
2.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense Class
34.71
4.64
4.52
26.30
0.34
30.59
80.60
44.30
0.46
35.00
12.50
4.64
7.68
5.02
_________
$291.30
G
L
L
L
G
G
G
G
H
H
H
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 10B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$40.10
Growing (G)
190.53
Harvest (H)
47.95
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
12.70
—————
Total (T)
$291.30
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
————————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.05
$0.06
$0.06
$0.07
$0.08
Break-even
|———————————————————————————————————————————————————————————————
-25%
3,750.0
|
-87.49
-49.13
-23.56
2.01
40.37
0.07
-10%
4,500.0
|
-56.32
-10.29
20.39
51.08
97.12
0.06
Budgeted 5,000.0
|
-35.55
15.59
49.69
83.79
134.94
0.05
+10%
5,500.0
|
-14.77
41.49
79.00
116.51
172.77
0.05
+25%
6,250.0
|
16.39
80.33
122.96
165.58
229.52
0.04
Break-even Yield
| 5,855.42 4,698.77 4,152.00 3,719.21 3,216.32
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/45
Table 10D. Resource and Cash Flow Requirements; Durum Wheat, 1996
COUNTY: Pinal
CROP:
Wheat, Durum
AREA:
Maricopa
Month *
Number
Irrig.
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
5,000.0 Lb/Acre
Water
Applied
(Inches)
NOV P
DEC P
0.4
3.2
JAN C
0.6
4.8
FEB C
1.0
6.0
MAR C
1.5
9.0
APR C
1.5
9.0
MAY C
JUN C
Pickup Use 30 Mi/Ac
Operating Interest at 8.0%
Water Assessment
0.29
0.73
0.58
0.45
0.68
0.67
0.02
0.25
Total
%
3.70
5.0
|
|
|
Total
Labor (Hrs)
32.0
MATERIALS REQUIREMENTS(/Acre)
11-53-00, Dry
82-00-00, Anhyd. Ammmonia
LABOR REQUIREMENTS(/Acre)
Tractor
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
45
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
|
|
|
|
|
|
|
|
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
2.65
3.79
1.14
10.13
15.20
19.00
28.50
28.50
2.51
5.76
4.31
3.19
4.77
4.73
0.21
2.10
0.25
2.54
7.68
16.77
16.77
5.02
21.93
47.48
31.67
40.30
51.38
33.23
5.21
29.89
7.68
5.02
35.02
12.78
273.80
100.00
11.03
11.03
18.11
18.11
4.75
25.25
**
|
|
101.33
37.00
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
183.8 lbs
Total P
95.4 lbs
Total K
0.0 lbs
Total Labor
3.7 Hrs
Total Water
32.0 AI
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 70 PTO HP, MFWD
Offset Disk, 13.5'
Rowbuck, 10'
Page
18.06
6.59
27.58
10.07
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
4.6
Regular Gas
0.0
NonLead Gas
3.0
All Direct Energy
0.32 Hrs
0.47 Hrs
0.02 Hrs
180.00 Lb
200.00 Lb
1.15 Hrs
1.0
Fertilizer Broadcaster, Towed
Lister, 5 Bottom
Pickup Truck, 1/2 Ton
Durum Wheat Sd, Cert
Irrigators
69.76
25.48
22.05
8.05
Gal
Gal
Gal
M BTU
0.08 Hrs
0.24 Hrs
1.00 Hrs
100.00 Lb
Tractor, 100 PTO HP, MFWD
Grain Drill, 16'
Water, District
0.71 Hrs
0.23 Hrs
32.00 AI
2.56 Hrs
* NOTE:
P = Previous Year C = Current Year
N = Next Year
** A water assessment charge of $18.75/Acre included as ownership cost in Table 10B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/45
Table 10E.
Schedule of Operations; Durum Wheat, 1996
COUNTY: Pinal
CROP:
Wheat, Durum
AREA:
Maricopa
First
No. Month Times
Operation
Page
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
5,000.0 Lb/Acre
Equipment/Custom Oper.
HP
Self-Prop./Implem.
1
2
3
4
5
6
7
Nov
Nov
Nov
Dec
Dec
Dec
Feb
1.0
1.0
1.0
1.0
1.0
1.0
2.0
Apply Fert/Ground
70
Disk
100
List
100
Plant
70
Buck Rows
70
Irrigate
Irrigate/Run Fertiliz
8
9
10
11
12
Mar
May
May
May
Jun
2.0
1.0
1.0
1.0
1.0
Irrigate
Prepare Ends
100
Combine Harvest
Haul, Custom
Disk Residue
100
Pickup Use 30 Mi/Ac
Fertilizer Broadcaster,
Offset Disk, 13.5'
Lister, 5 Bottom
Grain Drill, 16'
Rowbuck, 10'
Offset Disk, 13.5'
CST Combine Wheat
CST Haul Grain
Offset Disk, 13.5'
Pickup Truck, 1/2 Ton
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Job Rate
Acres/Hr
12.00
4.00
3.80
4.00
40.00
1.33
2.20
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
———— Material Use & Cost ——— Service Cost
Name
Appl. Rate
$/Unit
$/Unit
11-53-00, Dry
180.00 Lb
355.00 Tn
Durum Wheat Sd, Ce 100.00 Lb
21.00 CW
Water, District
8.00 AI
Water, District
6.00 AI
82-00-00, Anhyd. A 100.00 Lb
2.22 Water, District
6.00 AI
40.00
38.00
38.00
345.00
38.00
46
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
Irrigator
AF
AF
Tn
AF
Irrigator
Tractor
17.50 Ac
0.25 CW
4.00
1.00
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 10B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/45