Table 8A. Income and Cash Operating Cost Summary, Pima (ELS) Cotton, 1996 COUNTY: Pinal CROP: Cotton, Pima AREA: Maricopa Item FARM: Pinal County Farm ACRES: 1.0 YIELD: 765.0 Lb/Acre Unit Page WATER SOURCE: CAID IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Pima Quantity INCOME -> Lint Pound 765.00 CottonSeed Ton 0.75 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 $0.9400 114.6000 $719.10 85.95 $805.05 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 30 61.09 25.64 35.45 266.69 23.55 215.79 14.58 12.78 26.44 11.42 15.02 171.00 ** 7.56 7.56 _________ 532.78 27.92 12.42 15.50 44.92 44.92 69.17 12.42 56.75 2.30 90.00 10.14 2.76 __________ 247.21 15.38 19.67 ========== $815.04 ( $9.99) Your Farm Budget ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ____________ ============ ____________ ____________ Notes: The above figures do not include ownership costs, see Table 8B on Next Page for detailed cost allocation. ** A water assessment charge of $18.75/Acre is included in the ownership costs of Table 8B. ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 6/43 Table 8B. Allocation of Ownership Costs; Pima (ELS) Cotton, 1996 COUNTY: Pinal CROP: Cotton, Pima AREA: Maricopa FARM: Pinal County Farm ACRES: 1.0 YIELD: 765.0 Lb/Acre Page WATER SOURCE: CAID IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Pima - CASH COST BASIS ($/ACRE) Income & Costs Net Returns Item TOTAL INCOME at $ 0.9400/Lb + 2nd Crop TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES | | 31 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/08/96 - TOTAL COST BASIS ($/ACRE) Income & Costs Net Returns | $805.05 | 815.03 ( $9.98) | ( $9.98) | CASH OVERHEAD EXPENSES | Taxes, Housing & Insur., Farm Machinery 9.37 | 9.37 Gen. & Off. Overhead ( 5% of Tot. Oper. Exp.) 40.75 | 40.75 General Farm Maint. ( 3% of Tot. Oper. Exp.) 24.45 | 24.45 __________ | __________ Total Cash Overhead Expenses 74.57 | 74.57 | Total Cash Oper. & Over. Cost 889.60 | 889.60 RETURNS OVER CASH OPER. & OVER. EXPENSES. ( 84.55) | ( 84.55) | CAPITAL ALLOCATIONS (100% Equity) | Capital Replacement, Machinery & Vehicles | 69.33 Interest on Equity, Machinery & Vehicles | 28.02 | __________ Total Capital Allocations | 97.34 RETURNS TO LAND, CAPITAL, MANAGEMENT & RISK ——————————————————————————>( 84.55) | RETURNS TO LAND, MANAGEMENT & RISK ———————————————————————————————————————————————————————————————————>( 181.90) ___________ | ____________ 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 ————————————————————————————————>( 113.10) | RETURNS TO MANAGEMENT & RISK —————————————————————————————————————————————————————————————————————————>( 232.76) | Management Services ( 8% of Tot. Oper. Exp.) | 65.20 __________ | ____________ TOTAL OWNERSHIP COST 103.11 | 287.98 ========== | ============ TOTAL COST $918.15 | $1,103.02 RETURN TO MANAGEMENT, CAPITAL & RISK —————————————————————————————————>( $113.10) | RETURN TO RISK (PROFITS) —————————————————————————————————————————————————————————————————————————————>( $297.97) BREAK-EVEN PRICE TO COVER OPERATING COST (PER BREAK-EVEN PRICE TO COVER OWNERSHIP COST BREAK-EVEN PRICE TO COVER TOTAL COST $805.05 815.03 Lb) $0.9530 $0.1347 $1.0878 | | | ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 6/43 $0.9530 $0.3764 $1.3295 Table 8C. Variable Operating Costs; Pima (ELS) Cotton, 1996 COUNTY: Pinal CROP: Cotton, Pima AREA: Maricopa First No. Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Jan Jan Jan Jan Jan Jan Jan Mar Mar Mar Mar Apr Apr May Jun May Jun Jun Jul Jul Jul Aug Aug Aug Sep Oct Oct Oct Oct * NOTES: Page FARM: Pinal County Farm ACRES: 1.0 YIELD: 765.0 Lb/Acre Operation Disk Plow Landplane Laser Level List Buck Rows Preirrigate Apply Herbicide/ NOT FOUND Mulch Plant Remove Cap Disk Ends Cultivate Irrigate/Run Fertilizer Irrigate Cultivate Apply Insecticide/Air Apply Growth Regulator Apply Insecticide/Air Apply Insecticide/Air Apply Herbicide/Ground Apply Insecticide/Air Apply Insecticide/Air Apply Insecticide/Air Apply Insecticide/Air Apply Defoliant/Air Apply Defoliant/Air Cotton, First Pick Cotton, Make Modules WATER SOURCE: CAID IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Pima —— Hours * — | ———————— Operating Costs ($/Acre*) ———————— Machine Labor | Fuel/Rps. Labor Cust/Ser. Materials Total 0.225 0.300 0.257 0.300 0.180 0.022 0.300 0.225 0.129 0.022 0.300 0.164 0.129 0.900 0.300 0.250 0.333 0.286 0.333 0.200 0.025 1.124 0.333 0.250 0.143 0.025 0.333 0.562 0.562 0.182 0.143 1.000 0.666 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2.54 3.95 2.41 2.63 1.82 0.13 3.30 2.33 0.72 0.25 1.98 1.08 2.10 2.80 2.41 2.80 1.68 0.21 7.88 38.00 4.73 2.80 2.10 1.20 0.21 2.80 3.94 3.94 1.53 7.56 30.77 19.00 6.00 6.00 6.00 6.00 1.48 1.20 7.68 6.78 36.75 13.03 9.84 19.21 26.25 6.19 23.62 15.51 12.77 6.00 6.00 6.00 6.00 8.32 8.32 34.18 3.84 7.01 5.13 1.18 4.64 6.75 4.82 5.43 3.50 0.34 45.88 4.73 6.10 11.99 1.92 0.46 4.78 34.71 22.94 2.61 13.68 12.78 42.75 19.03 12.52 25.21 32.25 12.19 29.62 23.83 21.09 41.19 10.15 32 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/08/96 Times 1.0 1.0 0.7 0.3 1.0 3.0 1.0 1.0 1.0 1.0 1.0 3.0 1.0 2.0 5.0 2.0 4.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Tot. Cash Expense Class 4.64 6.75 3.37 1.63 3.50 1.01 45.88 4.73 6.10 11.99 1.92 1.37 4.78 69.42 114.70 5.23 54.72 12.78 42.75 19.03 12.52 25.21 32.25 12.19 29.62 23.83 21.09 41.19 10.15 See next page for notes. ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 6/43 L L L L L G G G L L G G G G G G G G G G G G G G G H H H H Table 8C. Variable Operating Costs; Pima (ELS) Cotton, 1996 COUNTY: Pinal CROP: Cotton, Pima AREA: Maricopa First No. Month 30 31 32 33 34 35 36 37 38 Nov Nov Nov Oct Oct Dec Dec Dec Dec FARM: Pinal County Farm ACRES: 1.0 YIELD: 765.0 Lb/Acre Operation WATER SOURCE: CAID IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Pima —— Hours * — | ———————— Operating Costs ($/Acre*) ———————— Machine Labor | Fuel/Rps. Labor Cust/Ser. Materials Total Cotton, Second Pick Cotton, Rood Cotton, Make Modules Haul, Custom 0.1 Mu Cotton Ginning 22.5 Cs Cotton Classing 1.5 Ba Crop Assessment 1.5 Ba Cut Stalks Disk Residue Pickup Use 60 Mi/Ac Operating Interest at 8.00% 0.600 0.300 0.250 0.180 0.225 2.000 0.667 | 0.333 | 0.556 | | | | | 0.200 | 0.250 | 22.79 2.95 3.20 4.67 2.80 4.29 1.58 90.00 2.30 10.14 1.55 2.54 15.37 1.68 2.10 17.75 TOTAL CASH OPERATING EXPENSES: * NOTES: Page $110.99 $89.00 $202.83 $410.26 27.46 5.75 9.07 0.00 90.00 2.30 10.14 3.23 4.64 33 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/08/96 Times 0.9 2.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Tot. Cash Expense Class 24.71 11.49 9.07 0.00 90.00 2.30 10.14 3.23 4.64 15.37 17.75 _________ $813.08 H H 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 8B. OPERATING COST SUMMARY BY CLASS Land Preparation (L) $42.63 Growing (G) 490.11 Harvest (H) 141.53 Post Harvest (P) 93.23 Marketing (M) 12.44 Operating Overhead (O) 33.12 ————— Total (T) $813.08 | | | | | | | | | | | SENSITIVITY OF NET REVENUES OVER TOTAL CASH EXPENSES ($/Acre) Prices -> | -25% -10% Budgeted +10% +25% ———————————————————————————————————————————————————————————————————————————————————— Yields | $0.70 $0.84 $0.94 $1.03 $1.17 Break-even |——————————————————————————————————————————————————————————————— -25% 573.7 | -346.78 -265.88 -211.95 -158.02 -77.12 1.30 -10% 688.5 | -302.96 -205.88 -141.16 -76.45 20.62 1.14 Budgeted 765.0 | -273.75 -165.89 -93.98 -22.07 85.79 1.06 +10% 841.5 | -244.54 -125.89 -46.79 32.30 150.96 0.99 +25% 956.2 | -200.72 -65.89 23.99 113.87 248.71 0.91 Break-even Yield | 1,481.91 1,082.27 917.35 796.04 664.28 ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 6/43 Table 8D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1996 COUNTY: Pinal CROP: Cotton, Pima AREA: Maricopa Month * Number Irrig. FARM: Pinal County Farm ACRES: 1.0 YIELD: 765.0 Lb/Acre Water Applied (Inches) JAN C 0.3 3.6 FEB C 0.5 6.0 MAR C 0.2 2.4 APR C MAY C 1.0 6.0 JUN C 2.0 12.0 JUL C 2.0 12.0 AUG C 1.0 6.0 SEP C 1.0 6.0 OCT C NOV C DEC C JAN N Pickup Use 60 Mi/Ac Operating Interest at 8.0% Water Assessment Total % 8.0 | | | Total Labor (Hrs) 54.0 1.33 0.67 0.58 0.74 0.74 1.30 1.31 0.56 0.56 1.02 1.61 1.25 0.07 | | | | | | | | | | | | | 11.40 19.00 7.60 9.94 0.97 3.18 5.54 1.08 1.08 1.85 19.00 38.00 38.00 19.00 19.00 10.74 4.88 4.63 6.27 5.47 9.41 9.50 3.94 3.94 7.50 12.14 9.97 0.63 23.06 31.15 16.99 0.76 15.37 2.37 2.37 11.77 26.23 74.99 59.33 39.13 12.77 17.75 32.08 24.86 21.56 17.96 37.32 86.72 148.34 106.27 76.39 97.35 80.54 49.19 1.39 15.37 17.75 202.83 24.94 813.11 100.00 3.78 3.78 0.71 1.26 0.79 12.00 24.00 24.00 14.32 53.32 36.00 21.44 ** 11.79 EQUIPMENT REQUIREMENTS(/Acre) Tractor, 100 PTO HP, MFWD Landplane 12’X 45' Laser Trailer Rowbuck, 10' Section Harrow, 3 Section Saddle Tk Sprayer, 2 Tk 8 Row Module Builder Pickup Truck, 1/2 Ton LABOR REQUIREMENTS(/Acre) Tractor Other 34 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/08/96 ———————————————————————— Operating Cost ($/Acre) ———————————————————————— Purchased Fuel, Oil Other Water & Repairs Labor Chemicals Purchases Services Total | | 171.00 21.03 TOTAL RESOURCES REQUIREMENTS(/Acre) Total N 106.6 lbs Total P 0.0 lbs Total K 0.0 lbs Total Labor 11.7 Hrs Total Water 54.0 AI MATERIALS REQUIREMENTS(/Acre) Water, District 82-00-00, Anhyd. Ammmonia Pyriproxyfen Methidathion Fenpropathrin Sodium Chlorate Page WATER SOURCE: CAID IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Pima 110.99 13.64 89.01 10.94 TOTAL ENERGY REQUIREMENTS(/Acre) Diesel Fuel 25.0 Regular Gas 0.0 NonLead Gas 6.0 All Direct Energy 1.87 0.18 0.09 0.07 0.13 0.13 0.55 2.00 54.00 130.00 8.00 3.00 8.00 2.00 4.2 Hrs Hrs Hrs Hrs Hrs Hrs Hrs Hrs Offset Disk, 13.5' Drag Scraper, 10' Lister, 7 Bottom Power Mulcher, 4 Rw Rolling Cultivator, 4 Rw Cotton Picker, 2 Row Rood, 3 Row W/Basket Cleaner AI Lb Oz Pt Oz Ga Trifluralin Chlorpyrifos Oxamyl Buprofezin Methyl Parathion Module Tarps 4.53 Hrs 0.61 Hrs Irrigators 228.96 28.16 10.32 1.26 Gal Gal Gal M BTU 0.52 0.09 0.18 0.30 0.63 1.44 0.60 Hrs Hrs Hrs Hrs Hrs Hrs Hrs Moldboard Plow, 5-16 2 Way Laser Receiver, Mast System Tractor, 70 PTO HP, MFWD Planter, 4 Row Rolling Cultivator, 6 Rw Tractor, 80 PTO HP, MFWD Rotary Stalk Cutter, 2 Row 1.20 6.00 1.50 0.50 4.00 52.50 Pt Pt Pt Lb Pt CW Pima Cotton Sd + Fung Mepiquat Chloride Prometryn Methomyl Thidiazuron/diuron 5.06 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 8B. Harvest 0.30 0.09 1.65 0.23 0.13 0.55 0.18 12.00 0.50 2.50 1.00 9.50 Hrs Hrs Hrs Hrs Hrs Hrs Hrs Lb Pt Pt Pt Oz 1.60 Hrs Table 8E. Schedule of Operations; Pima (ELS) Cotton, 1996 COUNTY: Pinal CROP: Cotton, Pima AREA: Maricopa First No. Month Times Page FARM: Pinal County Farm ACRES: 1.0 YIELD: 765.0 Lb/Acre Operation Equipment/Custom Oper. HP Self-Prop./Implem. WATER SOURCE: CAID IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Pima 100 100 100 100 Offset Disk, 13.5' Moldboard Plow, 5-16 2 Landplane 12’X 45' Drag Scraper, 10' Laser Receiver, Mast Sy Laser Trailer 100 Lister, 7 Bottom 70 Rowbuck, 10' Job Rate Acres/Hr ———— Material Use & Cost ——— Service Cost Name Appl. Rate $/Unit $/Unit 1 2 3 4 Jan Jan Jan Jan 1.0 1.0 0.7 0.3 Disk Plow Landplane Laser Level 5 6 7 8 9 10 11 12 13 14 Jan Jan Jan Mar Mar Mar Mar Apr Apr May 1.0 3.0 1.0 1.0 1.0 1.0 1.0 3.0 1.0 2.0 List Buck Rows Preirrigate Apply Herbicide/Groun Mulch 100 Plant 70 Remove Cap 70 Disk Ends 100 Cultivate 70 Irrigate/Run Fertiliz 15 16 17 18 19 20 21 Jun May Jun Jun Jul Jul Jul 5.0 2.0 4.0 1.0 1.0 1.0 1.0 Irrigate Cultivate 70 Apply Insecticide/Air Apply Growth Regulato Apply Insecticide/Air Apply Insecticide/Air Apply Herbicide/Groun100 22 23 24 25 Aug Aug Aug Sep 1.0 1.0 1.0 1.0 Apply Apply Apply Apply 26 27 28 29 Oct Oct Oct Oct 1.0 1.0 1.0 1.0 Apply Defoliant/Air Apply Defoliant/Air Cotton, First Pick Cotton, Make Modules CST Air Spray, 5 Gal Mi CST Air Spray, 5 Gal Mi Cotton Picker, 2 Row 80 Module Builder 1.00 3.00 Module Tarps 22.50 CW 0.05 CW 30 31 32 Nov Nov Nov 0.9 Cotton, Second Pick 2.0 Cotton, Rood 1.0 Cotton, Make Modules Cotton Picker, 2 Row 70 Rood, 3 Row W/Basket Cl 80 Module Builder 1.50 3.00 3.60 Module Tarps 30.00 CW 0.05 CW 33 34 35 36 37 Oct Oct Dec Dec Dec 1.0 1.0 1.0 1.0 1.0 Insecticide/Air Insecticide/Air Insecticide/Air Insecticide/Air Haul, Custom Cotton Ginning Cotton Classing Crop Assessment Cut Stalks CST Power Mulcher, 4 Rw Planter, 4 Row Section Harrow, 3 Secti Offset Disk, 13.5' Rolling Cultivator, 4 R Rolling Cultivator, 4 R CST Air Spray, 3 Gal Mi CST Air Spray, 3 Gal Mi CST Air Spray, 3 Gal Mi CST Air Spray, 3 Gal Mi Rolling Cultivator, 6 R Saddle Tk Sprayer, 2 Tk CST Air Spray, 3 Gal Mi CST Air Spray, 3 Gal Mi CST Air Spray, 3 Gal Mi CST Air Spray, 3 Gal Mi CST Haul Cotton Modules CST Gin Pima Cotton CST Class Cotton, HVI CST Pima (Low Elev) 100 Rotary Stalk Cutter, 2 NOTES at the bottom of the next page. Labor Type 4.00 3.00 3.50 3.00 Tractor Tractor Tractor Tractor 5.00 40.00 0.89 Water, District Trifluralin 3.00 4.00 Pima Cotton Sd + F 7.00 40.00 3.00 1.78 Water, District 82-00-00, Anhyd. A 1.78 Water, District 5.50 Chlorpyrifos Mepiquat Chloride Pyriproxyfen Oxamyl 7.00 Prometryn Methidathion Buprofezin Methomyl Fenpropathrin Methyl Parathion Thidiazuron/diuron Sodium Chlorate 12.00 AI 1.20 Pt 38.00 AF 30.06 Ga 12.00 Lb 60.00 CW 6.00 AI 65.00 Lb 6.00 AI 38.00 AF 345.00 Tn 38.00 AF Tractor Tractor Irrigator 0.00 Tractor Tractor Tractor Tractor Tractor Irrigator Irrigator Tractor 1.50 0.50 8.00 1.50 2.50 Pt Pt Oz Pt Pt 39.03 103.28 560.00 66.19 30.00 Ga Ga Ga Ga Ga 6.00 6.00 6.00 6.00 3.00 0.50 1.00 8.00 4.00 9.50 2.00 Pt Lb Pt Oz Pt Oz Ga 48.80 50.00 47.16 171.54 23.54 199.00 6.08 Ga Lb Ga Ga Ga Ga Ga 6.00 6.00 6.00 6.00 Ac Ac Ac Ac Tractor Ac Ac Ac Ac 8.32 Ac 8.32 Ac Harvest Tractor Other Harvest Tractor Tractor Other 0.00 4.00 1.50 6.60 5.00 35 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/08/96 Mu Cs Ba Ba Tractor ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 6/43 Table 8E. Schedule of Operations; Pima (ELS) Cotton, 1996 COUNTY: Pinal CROP: Cotton, Pima AREA: Maricopa First No. Month Times 38 Dec Operation Page FARM: Pinal County Farm ACRES: 1.0 YIELD: 765.0 Lb/Acre Equipment/Custom Oper. HP Self-Prop./Implem. 1.0 Disk Residue 100 Offset Disk, 13.5' Pickup Use 60 Mi/Ac Pickup Truck, 1/2 Ton WATER SOURCE: CAID IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Pima Job Rate Acres/Hr TILLAGE: Conventional SOIL: Sandy-Loam DATE: 10/08/96 ———— Material Use & Cost ——— Service Cost Name Appl. Rate $/Unit $/Unit 4.00 0.50 36 Labor Type 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 8B. ARIZONA COOPERATIVE EXTENSION Department of Ag & Resource Economics The University of Arizona F 6/43