Table 13A. Income and Cash Operating Summary; Upland Cotton, 1998
COUNTY: Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
INCOME ⇒
FARM: Pinal County 98
ACRES:
1.0
YIELD:
1,154.0 Lb / Acre
Item
Unit
Lint
Cottonseed
Pound
Ton
Page 61
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Laser Leveled Basin
PREVIOUS CROP:
Cotton, Upland
Quantity
1,154.00
1.02
Price/
Unit
$0.68
$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
Budgeted
/Acre
$782.41
$136.27
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Total
/Acre
$918.68
____________
____________
47.55
____________
____________
____________
195.69
____________
____________
____________
____________
____________
39.35
____________
____________
____________
____________
32.01
15.54
20.50
135.36
19.00
20.84
14.61
24.74
144.00
33.92
33.92
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
Your Farm
Budget
-------------460.51
____________
____________
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
17.56
8.27
Chemicals and Custom Applications
Other Chemicals
28.20
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
9.38
61.01
Custom Harvest/Post Harvest
Cotton Ginning
Crop Assessment
Other Materials
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
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.
25.82
____________
____________
____________
28.20
____________
____________
70.39
____________
____________
____________
9.68
93.34
8.23
3.18
-------------238.85
15.41
21.71
____________
____________
____________
____________
=============
===================
$736.48
$182.20
____________
____________
____________
____________
____________
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 187
Table 13B. Allocations of Ownership Costs; Upland Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
Item
TOTAL INCOME at
Page 62
FARM: Pinal County 98
WATER SOURCE:
Central Arizona
ACRES:
1.0
IRRIGATION SYSTEM: Laser Leveled Basin
YIELD:
1,154.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.68 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$918.68
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$918.68
$736.48
$736.48
$182.20
11.10
36.82
22.09
-------------70.02
$182.20
11.10
36.82
22.09
-------------70.02
806.50
806.50
$112.18
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$112.18
80.73
35.59
-------------116.31
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$112.18
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 ---------------------------------------->
$80.23
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------101.97
58.92
-------------304.02
=============
=============
TOTAL COST
$838.45
$1,040.50
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$80.23
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
($4.13)
$0.52
$0.09
$0.61
($62.90)
($121.82)
$0.52
$0.26
$0.78
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 187
Table 13C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Mar
Mar
Mar
Mar
Mar
Apr
May
Jun
Jun
Jun
Jul
Jul
Jul
Aug
Aug
Aug
Sep
Oct
Oct
Oct
Nov
Nov
Nov
Oct
Oct
Dec
Dec
Dec
Dec
FARM: Pinal County 98
ACRES:
1.0
YIELD:
1,154.0 Lb / Acre
Disk
Plow
Landplane
Laser Level
List
Buck Rows
Preirrigate
Disk Ends
Apply Herbicide/Ground
Mulch
Plant
Remove Cap
Cultivate
Irrigate/Run Fertilizer
Apply Insecticide/Air
Apply Growth Regulator
Irrigate
Apply Insecticide/Air
Apply Insecticide/Air
Apply Herbicide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Insecticide/Air
Apply Defoliant/Air
Apply Defoliant/Air
Cotton, First Pick
Cotton, Make Modules
Cotton, Second Pick
Cotton, Rood
Cotton, Make Modules
Haul, Custom .2 Mu
Cotton Ginning 33.9 Cs
Cotton Classing 2.3 Ba
Crop Assessment 2.3 Ba
Cut Stalks 2.3 Ba
Disk Residue 2.3 Ba
Pickup Use60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.225
0.300
0.900
0.900
0.180
0.022
0.022
0.225
0.300
0.225
0.129
0.225
0.250
0.333
1.000
1.000
0.200
0.025
0.278
0.025
0.250
0.333
0.250
0.143
0.250
0.200
Page 63
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Laser Leveled Basin
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
3.92
5.42
7.64
6.59
2.43
0.12
0.23
3.76
3.01
3.61
0.66
1.42
2.05
2.73
8.19
8.19
1.64
0.20
1.90
0.20
2.05
2.73
2.05
1.17
2.05
1.36
24.00
3.97
33.92
4.23
4.23
0.200
1.36
4.23
4.23
4.75
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
8.19
5.00
4.55
2.73
4.17
0.200
0.250
2.41
3.92
15.41
22.25
7.32
16.61
12.00
13.16
37.10
10.28
19.40
26.50
6.50
15.74
2.97
1.59
1.59
6.79
93.34
2.90
8.23
0.180
0.225
2.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
1.64
2.05
Times
5.97
8.14
15.83
14.78
4.07
0.32
25.90
0.43
9.78
5.73
39.58
1.83
3.46
23.61
11.55
20.84
13.36
17.39
41.33
15.03
23.63
30.73
10.73
20.49
7.72
44.73
10.26
28.91
5.52
8.82
6.79
93.34
2.90
8.23
4.05
5.97
1.0
1.0
0.7
0.3
1.0
3.0
1.0
3.0
1.0
1.0
1.0
1.0
3.0
2.0
1.0
1.0
8.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.9
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
21.71
Tot. Cash
Expenses
5.97
8.14
11.08
4.43
4.07
0.97
25.90
1.29
9.78
5.73
39.58
1.83
10.39
47.23
11.55
20.84
106.92
17.39
41.33
15.03
23.63
30.73
10.73
20.49
7.72
44.73
10.26
26.02
5.52
8.82
6.79
93.34
2.90
8.23
4.05
5.97
15.41
21.71
Class
L
L
L
L
L
G
G
G
G
L
L
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.
736.48
T
Table 13C. Variable Operating Costs; Upland Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
FARM: Pinal County 98
ACRES:
1.0
YIELD:
1,154.0 Lb / Acre
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
84.98
Growing (G)
375.53
Harvest (H)
130.34
Post Harvest (P)
97.38
Marketing (M)
11.12
Operating Overhead (O)
40.34
=============
Total (T)
$736.48
Page 64
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Laser Leveled Basin
PREVIOUS CROP:
Cotton, Upland
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.51
$0.61
$0.68
$0.75
$0.85 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
865.5
1,038.6
1,154.0
1,269.4
1,442.5
Break-even Yield
-239.88
-187.69
-152.89
-118.09
-65.90
-151.86
-82.06
-35.53
11.00
80.80
-93.18
-11.64
42.71
97.07
178.60
-34.50
58.77
120.95
183.14
276.41
53.52
164.40
238.32
312.23
423.11
1,661.05 1,242.11
1,063.32
929.52
781.94
0.79
0.69
0.64
0.60
0.55
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 5 / 187
Table 13D. Resource and Cash Flow Requirements; Upland Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
Number
Irrigations
FARM: Pinal County 98
ACRES:
1.0
YIELD:
1,154.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
1.70
0.25
0.65
0.76
0.45
0.85
0.65
0.40
0.20
1.02
1.44
1.09
0.08
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Laser Leveled Basin
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
17.94
12.00
1.27
24.00
5.75
12.00
7.06
12.00
1.42
36.00
1.42
36.00
0.34
24.00
12.00
15.36
22.19
17.83
1.18
15.41
Page 65
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
13.88
31.82
1.87
15.14
5.15
1.98
16.96
53.84
6.25
1.98
16.96
44.25
3.41
10.25
27.08
6.14
34.18
8.46
86.20
4.50
60.54
13.21
114.60
2.73
52.40
12.69
91.82
1.36
15.74
4.75
33.85
5.12
2.97
0.95
54.81
79.21
8.00
1.43
40.05
71.67
8.34
0.79
21.14
48.10
0.61
1.79
15.41
21.71
21.71
Month *
JAN C
FEB C
0.5
4.0
MAR C
1.0
4.5
APR C
0.5
0.5
MAY C
1.0
4.0
JUN C
3.0
12.0
JUL C
3.0
12.0
AUG C
2.0
8.0
SEP C
1.0
4.0
OCT C
NOV C
DEC C
JAN N
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
**
Total
12.0
49.0
9.54
168.00
107.17
67.36
180.04
37.09
176.82
736.48
%
22.81
14.55
9.15
24.45
5.04
24.01
100.00
TOTAL RESOURCE REQUIREMENTS ( per Acre)
TOTAL ENERGY REQUIREMENTS ( per Acre)
Total N
100.0
Diesel Fuel
31.6 Gal
Total P
0.0
Unleaded Gas
6.0 Gal
Total K
0.0
All Direct Energy
5.1 M BTU
Total Labor
9.5
Total Water
49.0
EQUIPMENT REQUIREMENTS ( per Acre)
Cotton Picker, 2 Row
1.44 Hr
Drag Scraper, 10'
0.27 Hr
Landplane 12'X 45'
0.63 Hr
Laser, Complete System
0.27 Hr
Lister, 7 Bottom
0.18 Hr
Module Builder
0.55 Hr
Moldboard Plow, 5-16 2
0.30 Hr
Offset Disk, 13.5'
0.29 Hr
Offset Disk, 16.5'
0.45 Hr
Pickup Truck, 1/2 Ton
2.00 Hr
Planter, Drill Type, 6 Row
0.22 Hr
Power Mulcher, 4 Rw
0.30 Hr
Rolling Cultivator, 4 Rw
0.67 Hr
Rood, 3 Row W/Basket
0.30 Hr
Rotary Stalk Cutter, 4 Row
0.18 Hr
Rowbuck, 10'
0.07 Hr
Saddle Tk Sprayer, 2 Tk 8
0.22 Hr
Section Harrow, 3 Section
0.13 Hr
Tractor, 70 PTO HP,
1.17 Hr
Tractor, 80 PTO HP,
0.55 Hr
Tractor, 100 PTO HP
0.22 Hr
Tractor, 100 PTO HP,
1.27 Hr
Tractor, 125 PTO HP
0.59 Hr
Tractor, 150 PTO HP
0.75 Hr
MATERIALS REQUIREMENT ( per Acre)
82-00-00, Anhyd.
122.00 Lb
Acephate
0.67 Lb
Buprofezin
0.50 Lb
Ethephon
1.00 Qt
Methidathion
3.00 Pt
Methomyl
1.00 Pt
Module Tarps
60.00 C
Oxamyl
1.50 Pt
Prometryn
2.50 Pt
Pyriproxyfen
8.00 Oz
Sodium Chlorate
2.00 Ga
Technology Charge
1.00 Ac
Thidiazuron/diuron
9.50 Oz
Trifluralin
1.20 Pt
Upland Bt Cotton
16.00 Lb
Water, District
48.00 AI
LABOR REQUIREMENT ( per Acre)
Harvest
0.60 Hr
Irrigators
2.28 Hr
Other
0.61 Hr
Tractor
6.05 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 / 187
Table 13E. Schedule of Operations; Upland Cotton, 1998
COUNTY:Pinal
CROP:
Cotton, Upland
AREA:
Maricopa
First
No.Month Times
1
2
3
4
Jan
Jan
Jan
Jan
1.0
1.0
0.7
0.3
5
6
7
8
9
Jan
Jan
Feb
Mar
Mar
1.0
3.0
1.0
3.0
1.0
FARM: Pinal County 98
ACRES:
1.0
YIELD:
1,154.0 Lb / Acre
Operation
Disk
Plow
Landplane
Laser Level
Equipment/ Custom Oper
HP Self-Prop./ Implement
Job Rate
Acres/Hr
150 Offset Disk, 16.5'
150 Moldboard Plow, 5-16 2
100 Landplane 12'X 45'
100 Drag Scraper, 10'
Laser, Complete System
125 Lister, 7 Bottom
70 Rowbuck, 10'
4.00
3.00
1.00
1.00
10 Mar
11 Mar
List
Buck Rows
Preirrigate
Disk Ends
100 Offset Disk, 13.5'
Apply Herbicide/Ground 125 Saddle Tk Sprayer, 2 Tk 8
Offset Disk, 13.5'
1.0 Mulch
100 Power Mulcher, 4 Rw
1.0 Plant
100 Planter, Drill Type, 6 Row
12 Mar
13 Apr
14 May
1.0 Remove Cap
3.0 Cultivate
2.0 Irrigate/Run Fertilizer
15
16
17
18
19
20
21
22
23
24
25
26
27
1.0
1.0
8.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Jun
Jun
Jun
Jul
Jul
Jul
Aug
Aug
Aug
Sep
Oct
Oct
Oct
70 Section Harrow, 3 Section
70 Rolling Cultivator, 4 Rw
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Growth Regulator CST Air Spray, 3 Gal Mix
Irrigate
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Herbicide/Air
CST Air Spray, 5 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
Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
Apply Defoliant/Air
CST Air Spray, 5 Gal Mix
Cotton, First Pick
Cotton Picker, 2 Row
Cotton, Make Modules 80 Module Builder
28 Nov
29 Nov
30 Nov
0.9 Cotton, Second Pick
Cotton Picker, 2 Row
1.0 Cotton, Rood
70 Rood, 3 Row W/Basket
1.0 Cotton, Make Modules 80 Module Builder
31
32
33
34
35
36
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 66
WATER SOURCE:
Central Arizona
IRRIGATION SYSTEM: Laser Leveled Basin
PREVIOUS CROP:
Cotton, Upland
CST Haul Cotton Modules
CST Gin Upland Cotton
CST Class Cotton, HVI
CST Upland (Low Elev)
125 Rotary Stalk Cutter, 4 Row
150 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
2/18/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
5.00
40.00
3.60 Water, District
40.00
4.00 Trifluralin
3.00
4.00 Upland Bt Cotton
Technology Charge
7.00
4.00
5.00 Water, District
82-00-00, Anhyd.
Acephate
Ethephon
5.00 Water, District
Oxamyl
Pyriproxyfen
Prometryn
Methidathion
Buprofezin
Methomyl
Thidiazuron/diuron
Sodium Chlorate
1.00
3.00 Module Tarps
1.50
3.00
3.60 Module Tarps
Labor
Type
Tractor
Tractor
Tractor
Tractor
8.00 AI
36.00 AF
1.20 Pt
24.95 Ga
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
16.00 Lb 200.00 CW
1.00 Ac
8.00 Ac
4.00
61.00
0.67
1.00
4.00
1.50
8.00
2.50
3.00
0.50
1.00
9.50
2.00
AI 36.00 AF
Lb 317.00 Tn
Lb 10.31 Lb
Qt 62.67 Ga
AI 36.00 AF
Pt 66.19 Ga
Oz 560.00 Ga
Pt 31.04 Ga
Pt 48.80 Ga
Lb 50.00 Lb
Pt 49.05 Ga
Oz 200.00 Ga
Ga
1.40 Ga
30.00
C
0.05 CW
30.00
C
0.05 CW
Tractor
Tractor
Irrigators
4.23 Ac
4.23 Ac
Irrigators
4.23
4.23
4.75
4.23
4.23
4.23
4.75
4.75
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Tractor
Tractor
Other
Harvest
Tractor
Tractor
Other
35.00Mu
2.75 Cs
1.25 Ba
3.55 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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