Table 11A. Income and Cash Operating Summary; Pima (ELS) Cotton, 1998
COUNTY: Pinal
CROP:
Cotton, Pima
AREA:
Maricopa
INCOME ⇒
FARM: Pinal County 98
ACRES:
1.0
YIELD:
792.0 Lb / Acre
Page 50
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Item
Unit
Quantity
Price/
Unit
Lint
CottonSeed
Pound
Ton
792.00
0.71
$1.03
$133.60
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Budgeted
/Acre
$815.76
$94.86
____________
____________
63.32
____________
____________
____________
209.85
____________
____________
____________
____________
____________
30.11
____________
____________
____________
____________
11.06
19.05
180.00
8.14
8.14
12.09
15.09
Chemicals and Custom Applications
Other Chemicals
28.20
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
10.17
62.87
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
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.
$910.62
21.84
154.14
22.50
11.37
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
Your Farm
Budget
24.97
38.35
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
Other Materials
Total
/Acre
-------------491.41
____________
____________
____________
27.18
____________
____________
____________
28.20
____________
____________
73.04
____________
____________
____________
6.65
87.35
7.24
2.78
-------------232.45
15.41
16.55
____________
____________
____________
____________
=============
===================
$755.82
$154.79
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 154
Table 11B. Allocations of Ownership Costs; Pima (ELS) Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Pima
AREA:
Maricopa
FARM: Pinal County 98
WATER SOURCE:
Central Arizona
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
792.0 Lb / Acre PREVIOUS CROP:
Cotton, Pima
Item
TOTAL INCOME at
Page 51
$1.03 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$910.62
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$910.62
$755.82
$755.82
$154.79
10.35
37.79
22.67
-------------70.82
$154.79
10.35
37.79
22.67
-------------70.82
826.64
826.64
$83.98
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$83.98
76.86
30.86
-------------107.73
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$83.98
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 ---------------------------------------->
$52.03
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------102.77
60.47
-------------297.78
=============
=============
TOTAL COST
$858.59
$1,053.60
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$52.03
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
($23.75)
$0.83
$0.13
$0.96
($82.52)
($142.98)
$0.83
$0.38
$1.21
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 154
Table 11C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Pima
AREA:
Maricopa
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Mar
Mar
Mar
Apr
Apr
May
Jun
May
Jun
Jul
Jul
Jul
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Oct
Nov
Nov
Nov
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Pinal County 98
ACRES:
1.0
YIELD:
792.0 Lb / Acre
Disk
Plow
Landplane
Laser Level
List
Apply Herbicide/Ground
Buck Rows
Preirrigate
Mulch
Plant
Remove Cap
Disk Ends
Cultivate
Irrigate/Run Fertilizer
Irrigate
Cultivate
Apply Growth Regulator
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Ground
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Rood
Cotton, Make Modules
Haul, Custom .1 Mu
Cotton Ginning 23.3 Cs
Cotton Classing 1.6 Ba
Crop Assessment 1.6 Ba
Cut Stalks 1.6 Ba
Disk Residue 1.6 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
Page 52
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.225
0.300
0.257
0.300
0.180
0.250
0.333
0.286
0.333
0.200
3.92
5.42
2.18
2.20
1.60
2.05
2.73
2.34
2.73
1.64
0.022
0.025
1.124
0.333
0.250
0.143
0.025
0.333
0.562
0.562
0.182
0.12
0.20
7.67
2.73
2.05
1.17
0.20
2.73
3.84
3.84
1.49
8.25
0.300
0.225
0.129
0.022
0.300
0.164
3.01
2.44
0.66
0.23
1.89
1.03
0.143
1.95
8.14
28.92
18.00
1.17
4.23
4.23
4.23
4.23
4.75
4.75
0.900
0.300
0.600
0.300
0.250
1.000
0.666
0.667
0.333
0.556
36.54
3.67
24.36
2.80
3.06
6.82
5.00
4.55
2.73
4.17
0.200
0.250
2.26
3.92
15.41
7.14
37.10
13.16
10.28
19.40
26.50
6.50
26.10
15.74
2.97
1.19
1.59
4.66
87.35
1.99
7.24
0.180
0.225
2.000
3.97
36.00
4.23
4.23
4.23
0.129
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
1.64
2.05
Times
5.97
8.14
4.52
4.92
3.24
12.22
0.32
43.67
5.73
12.63
1.83
0.43
4.62
32.76
21.83
2.52
11.37
41.33
17.39
13.40
23.63
30.73
10.73
30.33
20.49
7.72
43.36
9.86
28.91
5.52
8.82
4.66
87.35
1.99
7.24
3.90
5.97
1.0
1.0
0.7
0.3
1.0
1.0
3.0
1.0
1.0
1.0
1.0
3.0
1.0
2.0
6.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.9
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
16.55
Tot. Cash
Expenses
5.97
8.14
3.17
1.48
3.24
12.22
0.97
43.67
5.73
12.63
1.83
1.29
4.62
65.51
131.01
5.05
11.37
41.33
17.39
13.40
23.63
30.73
10.73
30.33
20.49
7.72
43.36
9.86
26.02
11.05
8.82
4.66
87.35
1.99
7.24
3.90
5.97
15.41
16.55
Class
L
L
L
L
L
G
G
G
L
L
G
G
G
G
G
G
G
G
G
G
G
G
G
G
H
H
H
H
H
H
H
H
P
M
M
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
*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.
755.82
T
Table 11C. Variable Operating Costs; Pima (ELS) Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Pima
AREA:
Maricopa
FARM: Pinal County 98
ACRES:
1.0
YIELD:
792.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
46.33
Growing (G)
Harvest (H)
Post Harvest (P)
Marketing (M)
Operating Overhead (O)
445.08
131.97
91.25
9.22
31.96
=============
Total (T)
$755.82
Page 53
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
- 25%
- 10%
Budgeted
+ 10%
+ 25%
594.0
712.8
792.0
871.2
990.0
Break-even Yield
$0.77
$0.93
$1.03
$1.13
$1.29 Break-even Price
-244.57
-187.67
-149.73
-111.79
-54.89
-152.80
-77.54
-27.37
22.81
98.07
-91.62
-4.12
54.21
112.54
200.04
-30.44
69.30
135.79
202.28
302.01
61.34
179.43
258.15
336.88
454.96
1,104.58
835.20
718.39
630.25
532.29
1.18
1.04
0.96
0.90
0.83
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 154
Table 11D. Resource and Cash Flow Requirements; Pima (ELS) Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Pima
AREA:
Maricopa
Number
Irrigations
0.3
0.5
0.2
FARM: Pinal County 98
ACRES:
1.0
YIELD:
792.0 Lb / Acre
Water
Applied
(inches)
3.6
6.0
2.4
Total
Labor (Hrs)
1.33
0.67
0.59
0.75
0.74
1.31
1.32
1.12
0.56
1.02
1.61
1.25
0.08
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
10.80
12.39
18.00
0.86
7.20
3.05
5.29
18.00
1.03
36.00
1.03
36.00
2.30
36.00
18.00
24.35
32.59
19.08
1.18
15.41
Page 54
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
10.45
3.97
8.25
45.86
4.76
23.62
4.51
4.07
18.83
6.11
4.07
15.47
5.33
10.92
35.28
9.16
18.06
4.23
68.48
9.25
60.54
8.46
116.55
7.67
52.40
12.69
108.76
3.84
41.84
8.98
72.65
7.30
2.97
0.72
50.76
86.09
11.82
1.27
36.80
82.48
9.71
0.79
18.43
48.00
0.61
1.79
15.41
16.55
16.55
Month *
JAN C
FEB C
MAR C
APR C
MAY C
1.0
6.0
JUN C
2.0
12.0
JUL C
2.0
12.0
AUG C
2.0
12.0
SEP C
1.0
6.0
OCT C
NOV C
DEC C
JAN N
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
**
Total
9.0
60.0
12.36
180.00
118.56
90.50
190.69
10.92
165.15
755.82
%
23.82
15.69
11.97
25.23
1.44
21.85
100.00
TOTAL RESOURCE REQUIREMENTS ( per Acre)
TOTAL ENERGY REQUIREMENTS ( per Acre)
Total N
106.6
Diesel Fuel
27.9 Gal
Total P
0.0
Unleaded Gas
6.0 Gal
Total K
0.0
All Direct Energy
4.6 M BTU
Total Labor
12.4
Total Water
60.0
EQUIPMENT REQUIREMENTS ( per Acre)
Cotton Picker, 2 Row
1.44 Hr
Drag Scraper, 10'
0.09 Hr
Landplane 12'X 45'
0.18 Hr
Laser, Complete System
0.09 Hr
Lister, 7 Bottom
0.18 Hr
Module Builder
0.55 Hr
Moldboard Plow, 5-16 2
0.30 Hr
Offset Disk, 13.5'
0.07 Hr
Offset Disk, 16.5'
0.45 Hr
Pickup Truck, 1/2 Ton
2.00 Hr
Planter, Drill Type, 4 Row
0.22 Hr
Power Mulcher, 4 Rw
0.30 Hr
Rolling Cultivator, 4 Rw
0.63 Hr
Rolling Cultivator, 6 Rw
0.13 Hr
Rood, 3 Row W/Basket
0.60 Hr
Rotary Stalk Cutter, 2 Row
0.18 Hr
Rowbuck, 10'
0.07 Hr
Saddle Tk Sprayer, 2 Tk 8
0.13 Hr
Section Harrow, 3 Section
0.13 Hr
Tractor, 70 PTO HP,
1.65 Hr
Tractor, 80 PTO HP,
0.55 Hr
Tractor, 100 PTO HP,
0.82 Hr
Tractor, 125 PTO HP
0.31 Hr
Tractor, 150 PTO HP
0.75 Hr
MATERIALS REQUIREMENT ( per Acre)
82-00-00, Anhyd.
130.00 Lb
Buprofezin
0.50 Lb
Fenpropathrin
8.00 Oz
Mepiquat Chloride
0.50 Pt
Methidathion
3.00 Pt
Methomyl
1.00 Pt
Methyl Parathion
4.00 Pt
Module Tarps
52.50 C
Oxamyl
1.50 Pt
Pima Cotton Sd + Fung
12.00 Lb
Prometryn
2.50 Pt
Pyriproxyfen
8.00 Oz
Sodium Chlorate
2.00 Ga
Thidiazuron/diuron
9.50 Oz
Trifluralin
1.20 Pt
Water, District
60.00 AI
LABOR REQUIREMENT ( per Acre)
Harvest
1.60 Hr
Irrigators
5.62 Hr
Other
0.61 Hr
Tractor
4.53 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 / 154
Table 11E. Schedule of Operations; Pima (ELS) Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Pima
AREA:
Maricopa
First
No.MonthTimes
FARM: Pinal County 98
ACRES:
1.0
YIELD:
792.0 Lb / Acre
Operation
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Pima
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
Jan
Jan
Jan
Jan
1.0
1.0
0.7
0.3
5
6
7
8
9
10
11
12
13
14
Jan
Jan
Jan
Jan
Mar
Mar
Mar
Apr
Apr
May
1.0
1.0
3.0
1.0
1.0
1.0
1.0
3.0
1.0
2.0
15
16
17
18
19
20
Jun
May
Jun
Jul
Jul
Jul
6.0
2.0
1.0
1.0
1.0
1.0
21
22
23
24
Aug
Aug
Aug
Sep
1.0
1.0
1.0
1.0
Irrigate
Cultivate
70 Rolling Cultivator, 4 Rw
Apply Growth RegulatorCST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Herbicide/Ground125 Rolling Cultivator, 6 Rw
Saddle Tk Sprayer, 2 Tk 8 Row
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
25
26
27
28
Oct
Oct
Oct
Oct
1.0
1.0
1.0
1.0
Apply Defoliant/Air
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Disk
Plow
Landplane
Laser Level
150 Offset Disk, 16.5'
150 Moldboard Plow, 5-16 2
100 Landplane 12'X 45'
100 Drag Scraper, 10'
Laser, Complete System
List
100 Lister, 7 Bottom
Apply Herbicide/GroundCST Grnd Spray Herb. Preplant
Buck Rows
70 Rowbuck, 10'
Preirrigate
Mulch
100 Power Mulcher, 4 Rw
Plant
70 Planter, Drill Type, 4 Row
Remove Cap
70 Section Harrow, 3 Section
Disk Ends
100 Offset Disk, 13.5'
Cultivate
70 Rolling Cultivator, 4 Rw
Irrigate/Run Fertilizer
CST Air Spray, 5 Gal Mix
CST Air Spray, 5 Gal Mix
Cotton Picker, 2 Row
80 Module Builder
29 Nov
30 Nov
31 Nov
0.9 Cotton, Second Pick
Cotton Picker, 2 Row
2.0 Cotton, Rood
70 Rood, 3 Row W/Basket
1.0 Cotton, Make Modules 80 Module Builder
32
33
34
35
36
37
1.0
1.0
1.0
1.0
1.0
1.0
Oct
Oct
Dec
Dec
Dec
Dec
Haul, Custom
Cotton Ginning
Cotton Classing
Crop Assessment
Cut Stalks
Disk Residue
Pickup use 60 Mi/Ac
Page 55
CST Haul Cotton Modules
CST Gin Pima Cotton
CST Class Cotton, HVI
CST Pima (Low Elev)
125 Rotary Stalk Cutter, 2 Row
150 Offset Disk, 16.5'
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
4.00
3.00
3.50
3.00
5.00
Trifluralin
40.00
0.89 Water, District
3.00
4.00 Pima Cotton Sd + Fung
7.00
40.00
3.00
1.78 Water, District
82-00-00, Anhyd.
1.78 Water, District
5.50
Mepiquat Chloride
Pyriproxyfen
Oxamyl
7.00 Prometryn
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
1.20 Pt
24.95 Ga
12.00 AI
36.00 AF
12.00 Lb
0.64 Lb
8.25 Ac
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
6.00 AI 36.00 AF
65.00 Lb 317.00 Tn
6.00 AI 36.00 AF
Irrigators
Tractor
0.50
8.00
1.50
2.50
Pt 107.75 Ga
Oz 560.00 Ga
Pt 66.19 Ga
Pt 31.04 Ga
4.23 Ac
4.23 Ac
4.23 Ac
3.00
0.50
1.00
8.00
4.00
9.50
2.00
Pt 48.80 Ga
Lb 50.00 Lb
Pt 49.05 Ga
Oz 174.00 Ga
Pt 27.50 Ga
Oz 200.00 Ga
Ga
1.40 Ga
4.23
4.23
4.23
4.23
Methidathion
Buprofezin
Methomyl
Fenpropathrin
Methyl Parathion
Thidiazuron/diuron
Sodium Chlorate
1.00
3.00 Module Tarps
22.50
C
0.05 CW
1.50
3.00
3.60 Module Tarps
30.00
C
0.05 CW
Tractor
Ac
Ac
Ac
Ac
4.75 Ac
4.75 Ac
Harvest
Tractor
Other
Harvest
Tractor
Tractor
Other
35.00Mu
3.75 Cs
1.25 Ba
4.55 Ba
5.00
4.00
0.50
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
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