Table 10A. Income and Cash Operating Summary; Grain Sorghum (Late), 1998
COUNTY: Pinal
CROP:
Sorghum(Milo), Grain
AREA:
Maricopa
FARM: Pinal County 98
ACRES:
1.0
YIELD:
3,200.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 45
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Quantity
3,200.00
Price/
Unit
$0.11
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/18/99
Budgeted
/Acre
$352.00
Your Farm
Budget
$352.00
____________
43.93
____________
____________
____________
71.44
____________
____________
19.15
____________
____________
____________
132.00
____________
10.07
____________
____________
15.80
28.13
Chemicals and Custom Applications
Fertilizer
71.44
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
6.92
12.24
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Total
/Acre
10.07
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------276.59
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
1.84
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
1.00
1.63
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
1.84
____________
____________
2.63
____________
____________
____________
59.10
-------------63.58
____________
7.71
7.35
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$355.23
($3.23)
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $9.90 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 / 78
Table 10B. Allocations of Ownership Costs; Grain Sorghum (Late), 1998
Page 46
COUNTY:Pinal
FARM: Pinal County 98
WATER SOURCE:
Central Arizona
CROP:
Sorghum(Milo), Grain ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
AREA:
Maricopa
YIELD:
3,200.0 Lb / Acre PREVIOUS CROP:
Wheat, Durum
Item
TOTAL INCOME at
$0.11 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/18/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$352.00
$355.23
$355.23
($3.23)
2.31
17.76
10.66
-------------30.72
($3.23)
2.31
17.76
10.66
-------------30.72
385.95
385.95
($33.95)
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
($33.95)
13.02
6.59
-------------19.61
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
($33.95)
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
6.08
6.08
13.41
9.90
-------------29.39
9.90
-------------Total Land Costs
15.98
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($49.93)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------46.70
28.42
-------------108.14
=============
=============
TOTAL COST
$401.93
$463.36
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($49.93)
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
($53.56)
$0.11
$0.01
$0.13
($82.95)
($111.36)
$0.11
$0.03
$0.14
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 78
Table 10C. Variable Operating Costs; Grain Sorghum (Late), 1998
COUNTY:Pinal
FARM: Pinal County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Maricopa
YIELD:
3,200.0 Lb / Acre
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
Sep
Oct
Oct
Oct
Nov
Nov
---- Hours * ---Machine Labor
Apply Fert/Ground
Disk
List
Mulch
Plant
Buck Rows
Irrigate
Cultivate
Irrigate/Run Fertilizer
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom 36 CW
Cut Stalks 36 CW
Disk Residue 36 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.075
0.225
0.180
0.300
0.180
0.225
0.164
0.022
Page 47
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.083
0.250
0.200
0.333
0.200
0.250
0.750
0.182
0.562
0.562
0.025
0.42
3.92
2.43
3.01
2.18
1.21
1.03
0.23
0.68
2.05
1.64
2.73
1.64
2.05
5.12
1.49
3.84
3.84
0.20
31.89
10.07
24.00
31.18
18.00
50.10
9.00
0.180
0.225
1.000
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/18/99
0.200
0.250
2.41
3.92
7.71
1.64
2.05
Tot. Cash
Expenses
Times
32.99
5.97
4.07
5.73
13.89
3.25
29.12
2.52
35.02
21.83
0.43
50.10
9.00
4.05
5.97
1.0
1.0
1.0
1.0
1.0
1.0
1.0
2.0
3.0
3.0
1.0
1.0
1.0
1.0
1.0
32.99
5.97
4.07
5.73
13.89
3.25
29.12
5.05
105.05
65.50
0.43
50.10
9.00
4.05
5.97
7.71
7.35
7.35
Class
G
L
L
L
L
G
G
G
G
G
H
H
H
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
355.23
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
$9.90 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
35.63
Growing (G)
240.96
Harvest (H)
59.53
Post Harvest (P)
4.05
Marketing (M)
0.00
Operating Overhead (O)
15.06
=============
Total (T)
$355.23
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.08
$0.10
$0.11
$0.12
$0.14 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
2,400.0
2,880.0
3,200.0
3,520.0
4,000.0
Break-even Yield
-141.69
-111.62
-91.58
-71.54
-41.48
-102.09
-64.10
-38.78
-13.46
24.52
-75.69
-32.42
-3.58
25.26
68.52
-49.29
-0.74
31.62
63.98
112.52
-9.69
46.78
84.42
122.06
178.52
4,662.21 3,690.09
3,239.74
2,887.36
2,482.35
0.14
0.12
0.11
0.10
0.09
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 78
Table 10D. Resource and Cash Flow Requirements; Grain Sorghum (Late), 1998
COUNTY:Pinal
FARM: Pinal County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Maricopa
YIELD:
3,200.0 Lb / Acre
Month *
Number
Irrigations
JUN C
0.5
JUL C
1.5
AUG C
2.0
SEP C
2.0
OCT C
1.0
NOV C
DEC C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
7.0
Water
Applied
(inches)
Total
Labor (Hrs)
4.0
10.0
12.0
12.0
6.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.47
1.53
1.12
1.12
0.59
0.22
0.22
Page 48
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
12.00
30.00
36.00
36.00
18.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/18/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
11.47
3.76
11.49
11.22
7.67
7.67
4.04
1.84
1.84
0.23
3.17
3.17
7.71
31.89
13.18
26.37
5.03
5.03
7.35
71.89
63.19
70.04
43.67
43.27
26.01
5.01
7.71
7.35
66.45
18.71
355.23
100.00
29.55
29.55
**
44.0
6.28
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
178.0
Total P
50.0
Total K
0.0
Total Labor
6.3
Total Water
44.0
EQUIPMENT REQUIREMENTS ( per Acre)
Fertilizer Broadcaster,
0.08 Hr
Offset Disk, 16.5'
0.45 Hr
Power Mulcher, 4 Rw
0.30 Hr
Rowbuck, 10'
0.22 Hr
Tractor, 125 PTO HP
0.36 Hr
MATERIALS REQUIREMENT ( per Acre)
16-20-00, Dry
250.00 Lb
Water, District
44.00 AI
LABOR REQUIREMENT ( per Acre)
Irrigators
4.12 Hr
132.00
37.16
29.49
8.30
45.78
12.89
71.44
20.11
10.07
2.83
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
10.4 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
1.8 M BTU
Lister, 7 Bottom
Pickup Truck, 1/2 Ton
Rolling Cultivator, 4 Rw
Tractor, 70 PTO HP,
Tractor, 150 PTO HP
32-00-00, URAN 32, Lqd
Tractor
0.18
1.00
0.33
0.81
0.45
Hr
Hr
Hr
Hr
Hr
39.00 Ga
Offset Disk, 13.5'
Planter, Drill Type, 6 Row
Rotary Stalk Cutter, 4 Row
Tractor, 100 PTO HP,
Grain Sorghum Sd
0.02
0.18
0.18
0.32
Hr
Hr
Hr
Hr
10.00 Lb
2.15 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$9.90 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 / 78
Table 10E. Schedule of Operations; Grain Sorghum (Late), 1998
COUNTY:Pinal
FARM: Pinal County 98
CROP:
Sorghum(Milo), Grain ACRES:
1.0
AREA:
Maricopa
YIELD:
3,200.0 Lb / Acre
First
No.Month Times
Operation
1
2
3
4
5
6
7
8
9
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jul
Jul
1.0
1.0
1.0
1.0
1.0
1.0
1.0
2.0
3.0
Apply Fert/Ground
Disk
List
Mulch
Plant
Buck Rows
Irrigate
Cultivate
Irrigate/Run Fertilizer
10
11
12
13
14
15
Sep
Oct
Oct
Oct
Nov
Nov
3.0
1.0
1.0
1.0
1.0
1.0
Irrigate
Prepare Ends
Combine Harvest
Haul, Custom
Cut Stalks
Disk Residue
Pickup use 30 Mi/Ac
Page 49
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Durum
Equipment/ Custom Oper
HP Self-Prop./ Implement
Job Rate
Acres/Hr
70 Fertilizer Broadcaster,
150 Offset Disk, 16.5'
125 Lister, 7 Bottom
100 Power Mulcher, 4 Rw
70 Planter, Drill Type, 6 Row
70 Rowbuck, 10'
12.00
4.00
5.00
3.00
5.00
4.00
1.33
5.50
1.78
70 Rolling Cultivator, 4 Rw
100 Offset Disk, 13.5'
CST Combine Grain Sorghum
CST Haul Grain
125 Rotary Stalk Cutter, 4 Row
150 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
2/18/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
16-20-00, Dry
Grain Sorghum Sd
Water, District
Water, District
32-00-00, URAN 32,
1.78 Water, District
40.00
250.00 Lb 240.67 Tn
10.00 Lb
95.00 CW
8.00 AI
36.00 AF
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Irrigators
6.00 AI 36.00 AF
13.00 Ga 173.00 Tn
6.00 AI 36.00 AF
Irrigators
Tractor
37.50 Ac
0.25 C
5.00
4.00
1.00
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 / 78