Table 8A. Income and Cash Operating Summary; Corn Silage, 1998
COUNTY: Pinal
CROP:
Corn Silage
AREA:
Maricopa
FARM: Pinal County 98
ACRES:
1.0
YIELD:
26.6 Tn / Acre
Item
INCOME ⇒
Silage
Page 35
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Unit
Quantity
Ton
26.60
Price/
Unit
$31.40
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Hand
Irrigation
Budgeted
/Acre
$835.24
Total
/Acre
Your Farm
Budget
$835.24
____________
35.44
____________
____________
____________
____________
90.44
____________
____________
____________
28.18
____________
____________
____________
97.71
____________
27.90
____________
____________
19.60
4.33
11.52
Chemicals and Custom Applications
Fertilizer
Insecticide
64.08
26.37
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
10.53
17.65
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
27.90
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------279.67
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
2.15
0.09
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
1.25
2.19
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
2.24
____________
____________
____________
3.44
____________
____________
____________
172.90
-------------178.58
____________
7.71
6.80
____________
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$472.77
$362.47
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $25.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 232
Table 8B. Allocations of Ownership Costs; Corn Silage, 1998
COUNTY:Pinal
CROP:
Corn Silage
AREA:
Maricopa
FARM: Pinal County 98
WATER SOURCE:
Maricopa-Stanfield Irrig.
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
26.6 Tn / Acre PREVIOUS CROP:
Cotton, Upland
Item
TOTAL INCOME at
Page 36
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$31.40 / Tn
$835.24
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$472.77
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$835.24
$472.77
$362.47
3.30
23.64
14.18
-------------41.13
$362.47
3.30
23.64
14.18
-------------41.13
513.89
513.89
$321.35
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$321.35
18.65
7.41
-------------26.07
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$321.35
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
25.00
-------------63.97
25.00
-------------Total Land Costs
37.15
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$284.20
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------78.28
37.82
-------------168.99
=============
=============
TOTAL COST
$551.04
$641.75
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$284.20
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
$295.28
$17.77
$2.94
$20.72
$231.31
$193.49
$17.77
$6.35
$24.13
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 232
Table 8C. Variable Operating Costs; Corn Silage, 1998
COUNTY:Pinal
CROP:
Corn Silage
AREA:
Maricopa
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Mar
Mar
Mar
Apr
Apr
Apr
May
Jul
Jul
Aug
FARM: Pinal County 98
ACRES:
1.0
YIELD:
26.6 Tn / Acre
---- Hours * ---Machine Labor
Disk
Rip
List
Apply Fert/Ground
Mulch
Disk Ends
Make Borders
Block Borders
Preirrigate
Knock Borders
Plant
Remove Cap
Cultivate
Irrigate
Irrigate/Run Fertilizer
Cultivate
Hand Weeding
Apply Insecticide/Air
Prepare Ends
Chopping 26.6 Tn
Cut Stalks 26.6 Tn
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.188
0.265
0.225
0.112
0.161
0.011
0.023
0.012
Page 37
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.208
0.294
0.250
0.125
0.180
0.013
0.025
0.013
0.129
0.025
0.200
0.091
0.222
0.200
0.279
0.179
0.667
3.27
3.95
3.48
1.42
1.41
0.12
0.16
0.08
0.011
0.013
0.12
0.09
0.237
1.000
0.263
3.33
7.71
2.15
0.023
0.180
0.082
0.200
0.161
0.13
2.89
0.57
1.75
1.41
1.70
2.41
2.05
1.02
1.47
0.11
0.20
0.11
0.88
0.20
1.64
0.75
1.82
1.36
1.91
1.47
4.33
33.66
29.68
27.90
11.17
21.31
4.23
172.90
22.14
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Tot. Cash
Expenses
Times
4.97
6.36
5.53
36.10
2.88
0.23
0.37
0.19
30.56
0.33
32.43
1.32
3.57
12.53
23.21
2.87
4.33
26.37
0.20
172.90
5.48
3.0
1.0
1.0
1.0
1.0
3.0
3.0
3.0
1.0
3.0
1.0
1.0
1.0
5.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
14.92
6.36
5.53
36.10
2.88
0.68
1.10
0.57
30.56
1.00
32.43
1.32
3.57
62.66
46.43
2.87
4.33
26.37
0.20
172.90
5.48
7.71
6.80
6.80
Class
L
L
L
G
L
G
G
G
G
G
L
G
G
G
G
G
G
G
H
H
P
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
472.77
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
$25.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
62.12
Growing (G)
217.56
Harvest (H)
173.10
Post Harvest (P)
5.48
Marketing (M)
0.00
Operating Overhead (O)
14.51
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$23.55
$28.26
$31.40
$34.54
$39.25 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
20.0
23.9
26.6
29.3
39.93
107.10
151.89
196.67
133.89
219.86
277.17
334.49
196.53
295.03
360.70
426.36
259.18
370.20
444.22
518.24
353.14
482.96
569.51
656.05
17.58
13.74
11.99
10.64
9.10
21.55
19.08
17.84
16.83
$472.77
Break-even Yield
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 232
Table 8D. Resource and Cash Flow Requirements; Corn Silage, 1998
COUNTY:Pinal
CROP:
Corn Silage
AREA:
Maricopa
Month *
Number
Irrigations
FARM: Pinal County 98
ACRES:
1.0
YIELD:
26.6 Tn / Acre
Water
Applied
(inches)
JAN C
FEB C
1.0
MAR C
2.0
APR C
2.0
MAY C
2.0
JUN C
1.0
AUG C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
8.0
Total
Labor (Hrs)
7.0
8.0
8.0
8.0
4.0
Page 38
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.71
1.17
0.79
1.40
0.48
0.21
0.26
19.54
22.33
22.33
22.33
11.17
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
10.49
12.97
2.82
1.90
5.81
9.39
5.91
9.69
3.27
1.45
2.15
0.12
3.33
7.71
43.80
6.80
16.30
113.59
31.07
44.06
62.11
185.64
5.48
7.71
6.80
183.93
38.91
472.77
100.00
27.90
10.14
32.28
4.23
172.90
**
35.0
5.02
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
106.2
Total P
90.0
Total K
0.0
Total Labor
5.0
Total Water
35.0
EQUIPMENT REQUIREMENTS ( per Acre)
Blade Scraper, 10'
0.10 Hr
Fertilizer Spreader, 28'
0.11 Hr
Offset Disk, 13.5'
0.01 Hr
Planter, Drill Type, 6 Row
0.18 Hr
Tractor, 80 PTO HP
0.08 Hr
Tractor, 100 PTO HP,
0.78 Hr
V-Ripper, 5 Shnk
0.26 Hr
97.71
20.67
39.33
8.32
37.68
7.97
86.21
18.24
27.90
5.90
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
15.5 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
2.5 M BTU
Border Disk, 6' Disk
Flail Stalk Cutter, 4 Row
Offset Disk, 16.5'
Rolling Cultivator, 6 Rw
Tractor, 80 PTO HP,
Tractor, 125 PTO HP
MATERIALS REQUIREMENT ( per Acre)
00-45-00, Treble Super.
200.00 Lb
Methomyl
2.50 Pt
32-00-00, URAN 32, Lqd
Permethrin
LABOR REQUIREMENT ( per Acre)
Hand Weeders
0.67 Hr
Irrigators
0.07
0.24
0.56
0.52
0.07
0.24
Hr
Hr
Hr
Hr
Hr
Hr
30.00 Ga
4.00 Oz
1.70 Hr
Dbl. Offset Disk, 13'
Lister, 7 Bottom
Pickup Truck, 1/2 Ton
Section Harrow, 4 Section
Tractor, 100 PTO HP
Tractor, 150 PTO HP
Field Corn Sd
Water, District
Tractor
0.03
0.22
1.00
0.08
0.18
1.05
Hr
Hr
Hr
Hr
Hr
Hr
28.00 Th
35.00 AI
2.66 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $25.00 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 / 232
Table 8E. Schedule of Operations; Corn Silage, 1998
COUNTY:Pinal
CROP:
Corn Silage
AREA:
Maricopa
First
No.MonthTimes
FARM: Pinal County 98
ACRES:
1.0
YIELD:
26.6 Tn / Acre
Operation
Page 39
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
8
9
Jan
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
3.0
1.0
1.0
1.0
1.0
3.0
3.0
3.0
1.0
Disk
Rip
List
Apply Fert/Ground
Mulch
Disk Ends
Make Borders
Block Borders
Preirrigate
150 Offset Disk, 16.5'
150 V-Ripper, 5 Shnk
150 Lister, 7 Bottom
100 Fertilizer Spreader, 28'
100 Rolling Cultivator, 6 Rw
100 Dbl. Offset Disk, 13'
100 Blade Scraper, 10'
100 Blade Scraper, 10'
10
11
12
13
14
15
Feb
Feb
Mar
Mar
Mar
Apr
3.0
1.0
1.0
1.0
5.0
2.0
Knock Borders
Plant
Remove Cap
Cultivate
Irrigate
Irrigate/Run Fertilizer
80 Border Disk, 6' Disk
100 Planter, Drill Type, 6 Row
80 Section Harrow, 4 Section
100 Rolling Cultivator, 6 Rw
16
17
18
Apr
Apr
May
1.0 Cultivate
1.0 Hand Weeding
1.0 Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
19
20
21
Jul
Jul
Aug
1.0 Prepare Ends
1.0 Chopping
1.0 Cut Stalks
Pickup use 30 Mi/Ac
100 Offset Disk, 13.5'
CST Custom Chop & Hual
125 Flail Stalk Cutter, 4 Row
Pickup Truck, 1/2 Ton
100 Rolling Cultivator, 6 Rw
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
4.80
3.40
4.00
8.00 00-45-00, Treble
5.60
80.00
40.00
76.90
7.80 Water, District
32-00-00, URAN 32,
40.00
5.00 Field Corn Sd
11.00
4.50
5.00 Water, District
3.58 Water, District
32-00-00, URAN 32,
5.60
1.50
Permethrin
Methomyl
80.00
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
200.00 Lb 317.50 Tn
7.00 AI 33.50 AF
10.00 Ga 173.00 Tn
28.00 Th
Labor
Type
Tractor
Tractor
Tractor
Tractor
Irrigators
Irrigators
0.94 Th
4.00 AI 33.50 AF
4.00 AI 33.50 AF
10.00 Ga 173.00 Tn
Tractor
Hand
4.00 Oz 177.72 Ga
2.50 Pt 49.05 Ga
4.23 Ac
Irrigators
6.50 Tn
3.80
1.00
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 / 232