Table
7A. Income and Cash Operating Cost Summary, Upland Cotton, 1996
COUNTY: Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
Item
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
1,138.0 Lb/Acre
Unit
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Laser Leveled Ba
PREVIOUS CROP:
Cotton, Upland
Quantity
INCOME ->
Lint
Pound
1,138.00
Cottonseed
Ton
1.06
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals & Custom Applications
Fertilizers
Insecticides
Herbicides
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs & Services
Seed/Transplants
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD->PICKUP USE
OPERATING INTEREST AT
8.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Price
/Unit
Budgeted
/Acre
Total
/Acre
$0.7200
114.6000
$819.36
121.48
$940.84
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
Chemicals & Custom Applications
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs & Maint.
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessments
Other Materials
24
48.84
32.87
15.96
201.70
22.10
143.93
22.90
12.78
34.06
14.98
19.07
152.03
**
33.60
33.60
__________
470.23
26.52
18.03
8.49
44.92
44.92
66.41
11.44
54.97
3.43
100.41
8.23
3.15
__________
253.06
15.38
13.03
==========
$751.70
$189.14
Your Farm
Budget
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
____________
============
____________
____________
Notes: The above figures do not include ownership costs, see Table 7B on Next Page for detailed cost allocation.
** A water assessment charge of $18.75/Acre is included in the ownership costs of Table 7B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/20
Table
7B. Allocation of Ownership Costs; Upland Cotton, 1996
COUNTY: Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
1,138.0 Lb/Acre
Page
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Laser Leveled Ba
PREVIOUS CROP:
Cotton, Upland
- CASH COST BASIS ($/ACRE) Income & Costs
Net Returns
Item
TOTAL INCOME at $
0.7200/Lb + 2nd Crop
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
|
|
25
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
- TOTAL COST BASIS ($/ACRE) Income & Costs
Net Returns
|
$940.84
|
751.69
$189.14
|
$189.14
|
CASH OVERHEAD EXPENSES
|
Taxes, Housing & Insur., Farm Machinery
10.00
|
10.00
Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.)
37.58
|
37.58
General Farm Maint. ( 3% of Tot. Oper. Exp.)
22.55
|
22.55
________
|
__________
Total Cash Overhead Expenses
70.13
|
70.13
|
Total Cash Oper. & Over. Cost
821.83
|
821.83
RETURNS OVER CASH OPER. & OVER. EXPENSES.
119.00
|
119.00
|
CAPITAL ALLOCATIONS (100% Equity)
|
Capital Replacement, Machinery & Vehicles
|
72.40
Interest on Equity, Machinery & Vehicles
|
32.41
|
__________
Total Capital Allocations
|
104.80
RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ——————————————————————————>
119.00
|
RETURNS TO LAND, MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————>
14.19
__________
|
__________
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 ————————————————————————————————>
90.46
|
RETURNS TO MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————————————>(
36.66)
|
Management Services ( 8% of Tot. Oper. Exp.)
|
60.13
________
|
__________
TOTAL OWNERSHIP COST
98.67
|
285.94
========
|
==========
TOTAL COST
$850.37
|
$1,037.64
RETURN TO MANAGEMENT, CAPITAL & RISK —————————————————————————————————>
$90.46
|
RETURN TO RISK (PROFITS) ———————————————————————————————————————————————————————————————————————————————>( $96.80)
BREAK-EVEN PRICE TO COVER OPERATING COST (PER
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$940.84
751.69
Lb)
$0.5537
$0.0867
$0.6405
|
|
|
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/20
$0.5537
$0.2512
$0.8050
Table
7C. Variable Operating Costs; Upland Cotton, 1996
COUNTY: Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
First
No. Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Mar
Mar
Mar
Mar
Mar
Apr
May
Jun
Jun
Jun
Jul
Jul
Jul
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
Nov
* NOTES:
Page
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
1,138.0 Lb/Acre
Operation
Disk
Plow
Landplane
Laser Level
List
Buck Rows
Preirrigate
Disk Ends
Apply Herbicide/Ground
Mulch
Plant
Remove Cap
Cultivate
Irrigate/Run Fertilizer
Apply Insecticide/Air
Apply Growth Regulator
Irrigate
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Rood
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Laser Leveled Ba
PREVIOUS CROP:
Cotton, Upland
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
0.225
0.300
0.900
0.900
0.180
0.022
0.022
0.225
0.300
0.225
0.129
0.225
0.250
0.333
1.000
1.000
0.200
0.025
0.278
0.025
0.250
0.333
0.250
0.143
0.250
0.200
0.200
0.900
0.300
0.600
0.300
1.000
0.666
0.667
0.333
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.54
3.95
8.42
7.88
1.82
0.13
0.25
3.00
3.30
2.33
0.72
1.49
2.10
2.80
8.41
8.41
1.68
0.21
1.95
0.21
2.10
2.80
2.10
1.20
2.10
1.40
25.33
4.73
33.60
23.72
6.49
6.78
12.67
13.03
36.75
9.84
19.21
26.25
6.19
15.51
12.77
6.00
6.00
1.40
6.00
6.00
8.32
6.00
6.00
6.00
8.32
8.32
34.18
3.84
22.79
2.95
8.41
5.13
4.67
2.80
1.58
4.64
6.75
16.83
16.29
3.50
0.34
27.28
0.46
9.83
6.10
38.03
1.92
3.59
25.12
12.49
12.78
14.07
19.03
42.75
18.16
25.21
32.25
12.19
23.83
21.09
42.59
10.55
27.46
5.75
26
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
1.0
1.0
0.7
0.3
1.0
3.0
1.0
3.0
1.0
1.0
1.0
1.0
3.0
2.0
1.0
1.0
8.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.9
1.0
Tot. Cash
Expense Class
4.64
6.75
11.78
4.89
3.50
1.01
27.28
1.37
9.83
6.10
38.03
1.92
10.76
50.24
12.49
12.78
112.56
19.03
42.75
18.16
25.21
32.25
12.19
23.83
21.09
42.59
10.55
24.71
5.75
See next page for notes.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/20
L
L
L
L
L
G
G
G
G
L
L
G
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
H
H
Table
7C. Variable Operating Costs; Upland Cotton, 1996
COUNTY: Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
First
No. Month
30
31
32
33
34
35
36
Nov
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
1,138.0 Lb/Acre
Operation
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Laser Leveled Ba
PREVIOUS CROP:
Cotton, Upland
—— Hours * — | ———————— Operating Costs ($/Acre*) ————————
Machine
Labor | Fuel/Rps. Labor Cust/Ser. Materials
Total
Cotton, Make Modules
Haul, Custom
0.2 Mu
Cotton Ginning
33.5 Cs
Cotton Classing
2.3 Ba
Crop Assessment
2.3 Ba
Cut Stalks
Disk Residue
Pickup Use 60 Mi/Ac
Operating Interest at 8.00%
0.250
0.180
0.225
2.000
0.556 |
|
|
|
|
0.200 |
0.250 |
3.20
4.29
1.58
100.41
3.43
8.23
1.74
2.54
15.37
1.68
2.10
13.03
TOTAL CASH OPERATING EXPENSES:
* NOTES:
Page
$115.84
$75.31
$192.06
$368.44
9.07
0.00
100.41
3.43
8.23
3.42
4.64
27
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
Times
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Tot. Cash
Expense Class
9.07
0.00
100.41
3.43
8.23
3.42
4.64
15.37
13.03
_________
$751.65
H
H
P
M
M
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 $18.75/Acre included as ownership cost in Table 7B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
$80.34
Growing (G)
389.83
Harvest (H)
137.58
Post Harvest (P)
103.82
Marketing (M)
11.65
Operating Overhead (O)
28.40
—————
Total (T)
$751.65
|
|
|
|
|
|
|
|
|
|
|
SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre)
Prices ->
|
-25%
-10%
Budgeted
+10%
+25%
————————————————————————————————————————————————————————————————————————————————————
Yields
|
$0.54
$0.64
$0.72
$0.79
$0.90
Break-even
|———————————————————————————————————————————————————————————————
-25%
853.5
|
-227.49
-135.31
-73.86
-12.41
79.76
0.80
-10%
1,024.2
|
-173.27
-62.66
11.07
84.82
195.43
0.70
Budgeted 1,138.0
|
-137.13
-14.22
67.70
149.64
272.54
0.66
+10%
1,251.8
|
-100.98
34.20
124.33
214.46
349.66
0.62
+25%
1,422.5
|
-46.76
106.86
209.28
311.70
465.33
0.57
Break-even Yield
| 1,569.74 1,171.42 1,001.93
875.29
735.78
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/20
Table
7D. Resource and Cash Flow Requirements; Upland Cotton, 1996
COUNTY: Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
Month *
Number
Irrig.
Water
Applied
(Inches)
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
1,138.0 Lb/Acre
|
|
|
Total
Labor (Hrs)
JAN C
FEB C
0.5
4.0
MAR C
0.5
4.0
APR C
MAY C
1.0
4.0
JUN C
3.0
12.0
JUL C
3.0
12.0
AUG C
2.0
8.0
SEP C
1.0
4.0
OCT C
NOV C
DEC C
JAN N
Pickup Use 60 Mi/Ac
Operating Interest at 8.0%
Water Assessment
1.69
0.25
0.65
0.76
0.45
0.85
0.65
0.40
0.20
1.02
1.44
1.08
0.07
Total
%
9.54
11.0
48.0
EQUIPMENT REQUIREMENTS(/Acre)
Tractor, 100 PTO HP, MFWD
Landplane 12’X 45'
Laser Trailer
Rowbuck, 10'
Planter, 4 Row
Cotton Picker, 2 Row
Rood, 3 Row W/Basket Cleaner
MATERIALS REQUIREMENTS(/Acre)
Water, District
82-00-00, Anhyd. Ammmonia
Oxamyl
Methidathion
Thidiazuron/diuron
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Laser Leveled Ba
PREVIOUS CROP:
Cotton, Upland
28
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
|
|
|
|
|
|
|
|
|
|
|
|
|
————————————————————————
Operating Cost ($/Acre)
————————————————————————
Purchased
Fuel, Oil
Other
Water
& Repairs
Labor
Chemicals
Purchases
Services
Total
15.73
0.97
4.93
6.29
1.49
1.49
0.37
12.67
12.67
12.67
38.01
38.01
25.34
12.67
23.06
29.67
15.70
0.76
15.37
14.26
1.92
5.29
6.42
3.50
6.31
4.63
2.80
1.40
8.34
11.30
8.57
0.63
2.37
2.37
11.05
24.32
59.62
51.65
15.51
12.77
13.03
29.99
15.56
42.05
31.88
28.71
82.13
122.95
97.79
37.90
103.64
82.55
46.75
1.39
15.37
13.03
192.06
25.54
751.70
100.00
16.80
16.80
0.94
1.42
0.79
12.00
20.32
18.00
8.32
58.53
40.16
21.70
**
|
|
152.03
20.22
TOTAL RESOURCES REQUIREMENTS(/Acre)
Total N
100.0 lbs
Total P
0.0 lbs
Total K
0.0 lbs
Total Labor
9.5 Hrs
Total Water
48.0 AI
LABOR REQUIREMENTS(/Acre)
Tractor
Harvest
Page
115.84
15.41
75.36
10.02
TOTAL ENERGY REQUIREMENTS(/Acre)
Diesel Fuel
27.7
Regular Gas
0.0
NonLead Gas
6.0
All Direct Energy
2.60
0.63
0.27
0.07
0.23
1.44
0.30
48.00
122.00
1.50
3.00
9.50
4.6
179.66
23.90
36.75
4.88
Gal
Gal
Gal
M BTU
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Offset Disk, 13.5'
Drag Scraper, 10'
Lister, 7 Bottom
Saddle Tk Sprayer, 2 Tk 8 Row
Section Harrow, 3 Section
Tractor, 80 PTO HP, MFWD
Rotary Stalk Cutter, 4 Row
0.74
0.27
0.18
0.23
0.13
0.55
0.18
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Moldboard Plow, 5-16 2 Way
Laser Receiver, Mast System
Tractor, 70 PTO HP, MFWD
Power Mulcher, 4 Rw
Rolling Cultivator, 4 Rw
Module Builder
Pickup Truck, 1/2 Ton
AI
Lb
Pt
Pt
Oz
Trifluralin
Acephate
Pyriproxyfen
Buprofezin
Sodium Chlorate
1.20
0.67
8.00
0.50
2.00
Pt
Lb
Oz
Lb
Ga
Upland Bt Cotton
Mepiquat Chloride
Prometryn
Methomyl
Module Tarps
Irrigators
2.28 Hrs
6.05 Hrs
0.60 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
7B.
Other
0.30
0.27
1.40
0.30
0.68
0.55
2.00
16.00
0.50
2.50
1.00
60.00
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Hrs
Lb
Pt
Pt
Pt
CW
0.61 Hrs
Table
7E.
Schedule of Operations; Upland Cotton, 1996
COUNTY: Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
First
No. Month Times
Page
FARM: Pinal County Farm
ACRES:
1.0
YIELD:
1,138.0 Lb/Acre
Operation
Disk
Plow
Landplane
Laser Level
WATER SOURCE:
CAID
IRRIGATION SYSTEM: Laser Leveled Ba
PREVIOUS CROP:
Cotton, Upland
Equipment/Custom Oper.
HP
Self-Prop./Implem.
Job Rate
Acres/Hr
1
2
3
4
Jan
Jan
Jan
Jan
1.0
1.0
0.7
0.3
5
6
7
8
9
Jan
Jan
Feb
Mar
Mar
1.0
3.0
1.0
3.0
1.0
10
11
12
13
14
Mar
Mar
Mar
Apr
May
1.0
1.0
1.0
3.0
2.0
Offset Disk, 13.5'
4.00
Moldboard Plow, 5-16 2
3.00
Landplane 12’X 45'
1.00
Drag Scraper, 10'
1.00
Laser Receiver, Mast Sy
Laser Trailer
List
100 Lister, 7 Bottom
5.00
Buck Rows
70 Rowbuck, 10'
40.00
Preirrigate
3.60
Disk Ends
100 Offset Disk, 13.5'
40.00
Apply Herbicide/Groun100 Saddle Tk Sprayer, 2 Tk 4.00
Offset Disk, 13.5'
Mulch
100 Power Mulcher, 4 Rw
3.00
Plant
70 Planter, 4 Row
4.00
Remove Cap
70 Section Harrow, 3 Secti 7.00
Cultivate
70 Rolling Cultivator, 4 R 4.00
Irrigate/Run Fertiliz
5.00
15
16
17
18
19
20
21
22
23
24
25
26
27
Jun
Jun
Jun
Jul
Jul
Jul
Aug
Aug
Aug
Sep
Oct
Oct
Oct
1.0
1.0
8.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Apply Insecticide/Air
Apply Growth Regulato
Irrigate
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules 80
28
29
30
Nov
Nov
Nov
0.9 Cotton, Second Pick
1.0 Cotton, Rood
1.0 Cotton, Make Modules
31
32
33
34
35
36
Oct
Oct
Dec
Dec
Dec
Dec
1.0
1.0
1.0
1.0
1.0
1.0
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
10/08/96
———— Material Use & Cost ——— Service Cost
Name
Appl. Rate
$/Unit
$/Unit
Labor
Type
100
100
100
100
CST Air Spray, 3 Gal Mi
CST Air Spray, 3 Gal Mi
CST Air Spray,
CST Air Spray,
CST Air Spray,
CST Air Spray,
CST Air Spray,
CST Air Spray,
CST Air Spray,
CST Air Spray,
Cotton Picker,
Module Builder
3
3
5
3
3
3
5
5
2
Gal
Gal
Gal
Gal
Gal
Gal
Gal
Gal
Row
Mi
Mi
Mi
Mi
Mi
Mi
Mi
Mi
Cotton Picker, 2 Row
70 Rood, 3 Row W/Basket Cl
80 Module Builder
Haul, Custom
CST Haul Cotton Modules
Cotton Ginning
CST Gin Upland Cotton
Cotton Classing
CST Class Cotton, HVI
Crop Assessment
CST Upland (Low Elev)
Cut Stalks
100 Rotary Stalk Cutter, 4
Disk Residue
100 Offset Disk, 13.5'
Pickup Use 60 Mi/Ac
Pickup Truck, 1/2 Ton
29
Tractor
Tractor
Tractor
Tractor
Water, District
8.00 AI
38.00 AF
Trifluralin
1.20 Pt
30.06 Ga
16.00 Lb
200.00 CW
4.00
61.00
0.67
0.50
4.00
1.50
8.00
2.50
3.00
0.50
1.00
9.50
2.00
38.00
345.00
9.23
103.28
38.00
66.19
560.00
30.00
48.80
50.00
47.16
199.00
6.08
Upland Bt Cotton
Water, District
82-00-00, Anhyd. A
Acephate
Mepiquat Chloride
5.00 Water, District
Oxamyl
Pyriproxyfen
Prometryn
Methidathion
Buprofezin
Methomyl
Thidiazuron/diuron
Sodium Chlorate
1.00
3.00 Module Tarps
1.50
3.00
3.60 Module Tarps
AI
Lb
Lb
Pt
AI
Pt
Oz
Pt
Pt
Lb
Pt
Oz
Ga
AF
Tn
Lb
Ga
AF
Ga
Ga
Ga
Ga
Lb
Ga
Ga
Ga
30.00 CW
0.05 CW
30.00 CW
0.05 CW
Tractor
Tractor
Irrigator
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigator
6.00 Ac
6.00 Ac
Irrigator
6.00
6.00
8.32
6.00
6.00
6.00
8.32
8.32
Tractor
Tractor
Other
Harvest
Tractor
Tractor
Other
0.00
3.00
1.50
3.60
5.00
4.00
0.50
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Mu
Cs
Ba
Ba
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 7B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag & Resource Economics
The University of Arizona
F 6/20