Table 4A. Income and Cash Operating Summary; Alfalfa, Annual, 1998
COUNTY: Yuma
CROP:
Alfalfa Hay
AREA:
Yuma Valley North
FARM: Yuma County 98
ACRES:
1.0
YIELD:
4.5 Tn / Acre
Item
INCOME ⇒
Unit
Alfalfa
Ton
Page 15
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Lettuce, Leaf
Quantity
4.50
Price/
Unit
$96.70
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Budgeted
/Acre
$435.15
Total
/Acre
Your Farm
Budget
$435.15
____________
40.52
____________
____________
____________
93.55
____________
____________
____________
____________
20.92
____________
____________
____________
0.00
____________
66.25
____________
____________
18.22
22.30
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
60.21
22.76
10.58
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
8.90
12.02
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
66.25
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------221.24
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
15.38
____________
____________
____________
60.40
____________
____________
____________
____________
3.00
12.38
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
6.99
53.41
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
15.32
-------------91.10
10.08
14.49
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$336.91
$98.24
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $62.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 9
Table 4B. Allocations of Ownership Costs; Alfalfa, Annual, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
Item
TOTAL INCOME at
Page 16
FARM: Yuma County 98
WATER SOURCE:
Yuma County Water
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
4.5 Tn / Acre PREVIOUS CROP:
Lettuce, Leaf
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$435.15
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$336.91
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$435.15
$336.91
$98.24
8.51
16.85
10.11
-------------35.47
$98.24
8.51
16.85
10.11
-------------35.47
372.38
372.38
$62.77
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$62.77
54.69
10.70
-------------65.40
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$62.77
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Ownership (100% Equity)
Property Taxes ($1,314. X 16.0% X 0.132)
Opportunity Interest on Land (100% X 6.0 X $1,314.)
Water Assessment
27.79
27.79
78.84
62.00
-------------168.63
62.00
-------------Total Land Costs
89.79
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($27.02)
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------125.26
26.95
-------------296.44
=============
=============
TOTAL COST
$462.17
$633.35
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
($27.02)
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
($2.62)
$74.87
$27.83
$102.70
($171.25)
($198.20)
$74.87
$65.88
$140.75
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 9
Table 4C. Variable Operating Costs; Alfalfa, Annual, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Apr
Apr
Apr
Apr
Apr
Sep
FARM: Yuma County 98
ACRES:
1.0
YIELD:
4.5 Tn / Acre
---- Hours * ---Machine Labor
Chisel
Disk
Apply Fert/Ground
Laser Level
Make Borders
Rerun Borders
Mulch
Apply Herb. & Incorporate
Plant
Irrigate
Swathing
Raking
Baling
Roadsiding
Apply Insecticide/Air
Apply Insecticide/Air
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.450
0.200
0.150
0.300
0.150
0.022
0.225
0.225
0.180
0.150
0.069
0.129
0.064
Page 17
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Lettuce, Leaf
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.500
0.222
0.167
0.333
0.167
0.025
0.250
0.250
0.200
0.286
0.167
0.077
0.143
0.071
3.97
1.97
1.13
3.33
1.10
0.16
2.11
3.46
1.73
3.90
1.73
1.30
2.60
1.30
0.19
1.95
1.95
1.56
1.86
1.09
0.60
0.93
0.46
2.23
0.64
3.61
5.60
60.21
10.58
66.25
3.06
4.23
4.23
1.333
4.17
10.13
Tot. Cash
Expenses
Times
7.86
3.70
62.64
5.93
2.40
0.35
4.06
15.99
69.54
1.86
3.31
1.24
7.60
6.07
8.40
14.36
1.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
12.0
5.0
5.0
5.0
5.0
1.0
1.0
7.86
7.40
62.64
5.93
2.40
0.35
4.06
15.99
69.54
22.30
16.57
6.20
38.01
30.33
8.40
14.36
10.08
14.49
10.08
14.49
Class
L
L
G
L
G
G
L
G
L
G
H
H
H
H
G
G
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
336.91
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
$62.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
94.79
Growing (G)
126.45
Harvest (H)
91.10
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
24.57
=============
Total (T)
$336.91
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
3.4
4.1
4.5
4.9
5.6
-65.73
-30.44
-6.91
16.61
51.90
-16.77
28.31
58.36
88.41
133.49
15.86
67.47
101.88
136.28
187.89
48.50
106.63
145.39
184.15
242.28
97.45
165.38
210.66
255.95
323.87
4.63
3.63
3.17
2.81
2.41
92.00
80.04
74.06
69.17
63.30
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 9
Table 4D. Resource and Cash Flow Requirements; Alfalfa, Annual, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
Month *
Number
Irrigations
Water
Applied
(inches)
JAN C
FEB C
2.0
MAR C
1.0
APR C
1.0
MAY C
2.0
JUN C
2.0
JUL C
2.0
AUG C
2.0
SEP C
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
12.0
FARM: Yuma County 98
ACRES:
1.0
YIELD:
4.5 Tn / Acre
Total
Labor (Hrs)
8.0
4.0
4.0
8.0
8.0
8.0
8.0
Page 18
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Lettuce, Leaf
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
2.34
0.57
0.29
0.74
1.03
1.03
1.03
1.03
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
20.92
18.22
3.72
1.86
4.94
6.79
6.79
6.79
6.79
12.08
12.08
12.08
12.08
12.08
70.79
66.25
4.17
3.06
3.06
3.06
3.06
3.06
10.13
14.49
176.18
3.72
1.86
28.48
21.94
21.94
21.94
21.94
14.36
10.08
14.49
22.95
6.81
336.91
100.00
4.23
4.23
10.08
**
48.0
8.06
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
44.0
Total P
208.0
Total K
0.0
Total Labor
8.1
Total Water
48.0
91.40
27.13
85.09
25.26
81.57
24.21
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
20.5 Gal
Unleaded Gas
4.0
Gal
All Direct Energy
3.4 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.32 Hr
Border Disk, 6' Disk
0.02 Hr
Laser, Complete System
0.30 Hr
Rake, 9.5' LH AND RH
0.34 Hr
Spring Tooth Renovator,
0.22 Hr
Tractor, 100 PTO HP,
1.40 Hr
Windrower, 14.0', HS, SC
0.75 Hr
Baler, 3 wire w/motor
Drag Scraper, 10'
Offset Disk, 12'
Saddle Tk Sprayer, 2 Tk 8
Tractor, 70 PTO HP,
Tractor, 150 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
11-52-00, Dry
400.00 Lb
Chlorpyrifos
1.50 Pt
Water, District
48.00 AI
Alfalfa Sd, Cert
Malathion
LABOR REQUIREMENT ( per Acre)
Harvest
1.90 Hr
55.91
16.59
Irrigators
0.64
0.30
0.63
0.22
0.99
0.52
Hr
Hr
Hr
Hr
Hr
Hr
25.00 Lb
1.50 Pt
3.43 Hr
Blade Scraper, 10'
Fertilizer Broadcaster,
Pickup Truck, 1/2 Ton
Seeder, Brillion
Tractor, 80 PTO HP,
V-Ripper, 7 Shnk
0.15
0.15
1.33
0.18
0.18
0.45
Hr
Hr
Hr
Hr
Hr
Hr
Baling Twine (6500')
Trifluralin
2.20 TF
3.20 Pt
Tractor
2.72 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$62.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 9
Table 4E. Schedule of Operations; Alfalfa, Annual, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
First
No.Month Times
FARM: Yuma County 98
ACRES:
1.0
YIELD:
4.5 Tn / Acre
Operation
1
2
3
4
Jan
Jan
Jan
Jan
1.0
2.0
1.0
1.0
Chisel
Disk
Apply Fert/Ground
Laser Level
5
6
7
8
Jan
Jan
Jan
Jan
1.0
1.0
1.0
1.0
Make Borders
Rerun Borders
Mulch
Apply Herb. &
9
10
11
12
13
14
15
16
Jan
Feb
Apr
Apr
Apr
Apr
Apr
Sep
1.0
12.0
5.0
5.0
5.0
5.0
1.0
1.0
Plant
Irrigate
Swathing
Raking
Baling
Roadsiding
Apply Insecticide/Air
Apply Insecticide/Air
Pickup use 40 Mi/Ac
Equipment/ Custom Oper
HP Self-Prop./ Implement
100 V-Ripper, 7 Shnk
100 Offset Disk, 12'
100 Fertilizer Broadcaster,
150 Drag Scraper, 10'
Laser, Complete System
100 Blade Scraper, 10'
100 Border Disk, 6' Disk
100 Spring Tooth Renovator,
150 Saddle Tk Sprayer, 2 Tk 8
Offset Disk, 12'
80 Seeder, Brillion
Windrower, 14.0', HS, SC
70 Rake, 9.5' LH AND RH
70 Baler, 3 wire w/motor
Bale Wagon, SP PRC
CST Air Spray, 3 Gal Mix
CST Air Spray, 3 Gal Mix
Pickup Truck, 1/2 Ton
Page 19
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Lettuce, Leaf
Job Rate
Acres/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
2.00
4.50
6.00 11-52-00, Dry
3.00
6.00
40.00
4.00
4.00 Trifluralin
5.00 Alfalfa Sd, Cert
3.50 Water, District
6.00
13.00
7.00 Baling Twine (6500')
14.00
Malathion
Chlorpyrifos
0.75
Tractor
Tractor
Tractor
Tractor
400.00 Lb 284.00 Tn
3.20 Pt
Tractor
Tractor
Tractor
Tractor
24.95 Ga
25.00 Lb 250.00 CW
4.00 AI
0.00 AF
0.44 TF
6.57 TF
1.50 Pt
1.50 Pt
21.00 Ga
50.95 Ga
Labor
Type
Tractor
Irrigators
Harvest
Tractor
Harvest
Harvest
4.23 Ac
4.23 Ac
*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 1 / 9