Table 5A. Income and Cash Operating Summary; Alfalfa Hay Production, 1998
COUNTY: Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
FARM: Pinal County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
Item
INCOME ⇒
Alfalfa
Grazing
Page 20
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Pima
Unit
Quantity
Ton
Head Days
7.50
250.00
Price/
Unit
$97.00
$0.13
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Budgeted
/Acre
$727.50
$32.50
Total
/Acre
Your Farm
Budget
$760.00
____________
____________
61.24
____________
____________
____________
19.52
____________
____________
8.04
____________
____________
____________
237.00
____________
6.63
____________
____________
0.37
60.88
19.52
4.03
4.00
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
6.63
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------332.43
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
36.67
____________
____________
____________
111.78
____________
____________
____________
____________
21.88
14.79
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
14.02
97.75
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
27.86
-------------176.31
10.27
26.30
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$545.31
$214.69
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $19.80 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 4
Table 5B. Allocations of Ownership Costs; Alfalfa Hay Production, 1998
COUNTY:Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
FARM: Pinal County 98
WATER SOURCE:
Central Arizona
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
7.5 Tn / Acre PREVIOUS CROP:
Cotton, Pima
Item
TOTAL INCOME at
Page 21
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$97.00 / Tn
$760.00
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$545.31
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$760.00
$545.31
$214.69
12.28
27.27
16.36
-------------55.90
$214.69
12.28
27.27
16.36
-------------55.90
601.22
601.22
$158.78
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
Stand Establishment (3 year crop)
$158.78
83.71
6.45
119.81
-------------209.97
119.81
-------------Total Capital Allocations
119.81
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$38.98
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($447.00 X 16.0% X 0.169)
Opportunity Interest on Land (100% X 6.0 X $447.00)
Water Assessment
12.15
12.15
26.82
19.80
-------------58.77
19.80
-------------Total Land Costs
31.95
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$7.03
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------207.66
43.63
-------------368.26
=============
=============
TOTAL COST
$752.97
$913.58
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$7.03
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
($51.18)
$68.38
$27.69
$96.06
($109.95)
($153.58)
$68.38
$49.10
$117.48
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 4
Table 5C. Variable Operating Costs; Alfalfa Hay Production, 1998
COUNTY:Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
Feb
Mar
Feb
Mar
Mar
Mar
Mar
Jun
Oct
Oct
FARM: Pinal County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Irrigate/Run Herbicide
Rerun Borders
Swathing
Raking
Baling
Roadsiding
Irrigate
Renovate
Plant
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.500
0.180
0.150
0.150
0.064
0.180
0.225
1.333
Page 22
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Pima
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.455
0.455
0.556
0.200
0.167
0.167
0.071
0.562
0.200
0.250
3.10
3.10
3.79
1.36
1.37
1.37
0.48
3.84
1.64
2.05
2.57
2.67
1.38
4.19
5.74
1.10
2.22
10.27
15.00
21.51
3.48
18.00
66.25
Tot. Cash
Expenses
Times
18.10
24.61
6.36
4.03
2.75
9.03
6.23
21.83
2.74
70.52
8.0
3.0
3.0
8.0
8.0
8.0
8.0
4.0
0.1
0.1
144.84
73.84
19.09
32.24
21.99
72.28
49.80
87.34
0.27
7.05
10.27
26.30
26.30
Class
G
G
G
H
H
H
H
G
G
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
545.31
T
*NOTES: 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
$19.80 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
7.05
Growing (G)
325.37
Harvest (H)
176.31
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
36.57
=============
Total (T)
$545.31
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.75
$87.30
$97.00
$106.70
$121.25 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
5.6
6.8
7.5
8.3
9.4
-93.25
-37.85
-0.92
36.01
91.41
-11.40
60.36
108.21
156.05
227.82
43.16
125.84
180.96
236.08
318.75
97.72
191.31
253.71
316.10
409.69
179.56
289.52
362.83
436.14
546.10
7.52
5.80
5.04
4.45
3.79
89.33
78.36
72.87
68.38
63.00
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 4
Table 5D. Resource and Cash Flow Requirements; Alfalfa Hay Production, 1998
COUNTY:Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
Month *
Number
Irrigations
FEB C
1.0
MAR C
1.0
APR C
2.0
MAY C
3.0
JUN C
2.0
JUL C
2.0
AUG C
1.0
SEP C
1.0
OCT C
1.0
NOV C
1.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
15.0
FARM: Pinal County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
5.0
5.0
10.0
15.0
12.0
11.0
6.0
5.0
5.0
5.0
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Pima
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.01
1.06
1.51
1.97
2.28
1.62
1.17
1.62
1.11
0.46
Page 23
15.00
15.00
30.00
45.00
36.00
33.00
18.00
15.00
15.00
15.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
2.57
13.97
13.97
13.97
16.54
13.97
13.97
16.54
14.30
6.90
7.69
10.79
13.90
16.05
11.52
8.42
11.48
8.06
3.10
6.51
6.51
6.51
26.30
24.47
46.65
58.25
82.86
72.07
68.49
43.87
46.51
47.47
18.10
10.27
26.30
26.30
4.82
545.31
100.00
3.48
3.48
3.48
3.48
3.48
3.48
3.48
10.11
10.27
**
79.0
13.81
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
0.0
Total P
0.0
Total K
0.0
Total Labor
13.8
Total Water
79.0
237.00
43.46
130.09
23.86
97.92
17.96
19.52
3.58
34.48
6.32
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
23.8 Gal
Unleaded Gas
4.0 Gal
All Direct Energy
3.8 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.51 Hr
Grain Drill, 14'
0.02 Hr
Spring Tooth Renovator,
0.02 Hr
Windrower, 14.0', HS, SC
1.44 Hr
Baler, 3 wire w/motor
Pickup Truck, 1/2 Ton
Tractor, 50 PTO HP,
1.20 Hr
1.33 Hr
0.02 Hr
Border Disk, 6' Disk
Rake, 9.5' LH AND RH
Tractor, 70 PTO HP,
1.50 Hr
1.20 Hr
3.92 Hr
MATERIALS REQUIREMENT ( per Acre)
Alfalfa Sd, Cert
2.50 Lb
Water, District
79.00 AI
Baling Twine (6500')
4.00 TF
EPTC
4.20 Pt
Irrigators
8.92 Hr
Tractor
2.72 Hr
LABOR REQUIREMENT ( per Acre)
Harvest
2.17 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $19.80 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 4
Table 5E. Schedule of Operations; Alfalfa Hay Production, 1998
COUNTY:Pinal
CROP:
Alfalfa Hay w/Graze
AREA:
Maricopa
First
No.MonthTimes
FARM: Pinal County 98
ACRES:
1.0
YIELD:
7.5 Tn / Acre
Operation
1
2
Feb
Mar
8.0 Irrigate
3.0 Irrigate/Run Herbicide
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
Page 24
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Cotton, Pima
Equipment/ Custom Oper
HP Self-Prop./ Implement
70 Border Disk, 6' Disk
Windrower, 14.0', HS, SC
70 Rake, 9.5' LH AND RH
70 Baler, 3 wire w/motor
Bale Wagon, SP PRC
50 Spring Tooth Renovator, 16'
70 Grain Drill, 14'
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
---------- Material Use and 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 Twine (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
36.00 AF
36.00 AF
35.08 Ga
0.50 TF
6.57 TF
6.00 AI
36.00 AF
25.00 Lb 250.00 CW
Labor
Type
Irrigators
Irrigators
Irrigators
Harvest
Tractor
Tractor
Harvest
Irrigators
Tractor
Tractor
*NOTES: Machine times, labor times, and material rates are for one time over the designated acreage.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 4