Table 5A. Income and Cash Operating Summary; Alfalfa Hay Production, 1998
COUNTY: Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
FARM: Yuma County 98
ACRES:
1.0
YIELD:
8.4 Tn / Acre
Item
INCOME ⇒
Alfalfa
Grazing
Page 20
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
Unit
Quantity
Ton
Head Days
8.40
200.00
Price/
Unit
$96.70
$0.09
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$812.28
$18.00
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
Total
/Acre
Your Farm
Budget
$830.28
____________
____________
35.31
____________
____________
____________
46.38
____________
____________
____________
____________
4.68
____________
____________
____________
25.83
____________
15.90
____________
____________
5.79
29.52
15.37
21.37
9.65
1.79
2.89
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
15.90
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------128.11
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
31.29
____________
____________
111.24
____________
____________
____________
____________
15.44
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Other Materials
12.43
98.81
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
27.58
-------------170.11
10.08
20.83
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$329.12
$501.16
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $62.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 4
Table 5B. Allocations of Ownership Costs; Alfalfa Hay Production, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
FARM: Yuma County 98
WATER SOURCE:
Yuma County Water
ACRES:
1.0
IRRIGATION SYSTEM: Flood Basin
YIELD:
8.4 Tn / Acre PREVIOUS CROP:
Wheat, Winter
Item
TOTAL INCOME at
Page 21
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$96.70 / Tn
$830.28
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
$329.12
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$830.28
$329.12
$501.16
11.70
16.46
9.87
-------------38.03
$501.16
11.70
16.46
9.87
-------------38.03
367.16
367.16
$463.12
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
Stand Establishment (3 year crop)
$463.12
81.18
6.10
153.59
-------------240.87
153.59
-------------Total Capital Allocations
153.59
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$309.53
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 ---------------------------------------->
$219.74
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
$222.25
-------------281.42
26.33
-------------473.87
=============
=============
$53.62
TOTAL COST
$610.54
$802.99
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$219.74
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
$27.29
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$37.04
$56.41
$93.45
$37.04
$33.50
$70.54
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 4
Table 5C. Variable Operating Costs; Alfalfa Hay Production, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
Jan
Feb
Jan
Jan
Jan
Jan
Feb
Feb
Aug
Sep
Oct
Oct
FARM: Yuma County 98
ACRES:
1.0
YIELD:
8.4 Tn / Acre
---- Hours * ---Machine Labor
Irrigate
Rerun Borders
Swathing
Raking
Baling
Roadsiding
Apply Herbicide/Ground
Apply Insecticide/Air
Apply Insecticide/Air
Irrigate/Run Fertilizer
Renovate
Plant
Pickup Use40 Mi/Acre
Operating Interest at 10.0
0.090
0.180
0.069
0.129
0.064
0.150
Page 22
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.267
0.100
0.200
0.077
0.143
0.071
0.167
0.47
2.67
0.64
3.44
5.60
1.45
1.74
0.78
1.30
0.60
1.12
0.46
1.30
1.29
3.06
4.23
4.23
0.196
0.330
1.333
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
0.270
0.219
0.367
1.46
3.00
10.08
1.75
1.71
2.86
9.65
2.78
10.13
20.54
53.00
Tot. Cash
Expenses
Times
3.03
1.25
3.97
1.24
7.62
6.07
12.39
7.01
14.36
22.29
3.17
58.86
16.0
4.0
9.0
9.0
9.0
9.0
1.0
1.0
1.0
1.0
0.3
0.3
48.43
5.01
35.76
11.15
68.60
54.59
12.39
7.01
14.36
22.29
0.95
17.66
10.08
20.83
20.83
Class
G
G
H
H
H
H
G
G
G
G
G
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
329.12
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)
17.66
Growing (G)
110.45
Harvest (H)
170.11
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
30.91
=============
Total (T)
$329.12
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$72.52
$87.03
$96.70
$106.37
$120.88 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
6.3
7.6
8.4
9.2
10.5
178.09
243.95
287.86
331.77
397.64
269.47
353.61
409.70
465.80
549.94
330.39
426.71
490.93
555.15
651.47
391.31
499.82
572.16
644.50
753.01
482.69
609.48
694.00
778.53
905.31
2.89
2.26
1.98
1.76
1.50
44.26
40.26
38.26
36.62
34.65
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 4
Table 5D. Resource and Cash Flow Requirements; Alfalfa Hay Production, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
Month *
Number
Irrigations
JAN C
1.0
FEB C
1.0
MAR C
1.0
APR C
2.0
MAY C
2.0
JUN C
2.0
JUL C
2.0
AUG C
1.0
SEP C
2.0
OCT C
1.0
NOV C
1.0
DEC C
1.0
Pickup Use40 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
17.0
FARM: Yuma County 98
ACRES:
1.0
YIELD:
8.4 Tn / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
5.0
5.0
5.0
10.0
10.0
10.0
10.0
5.0
10.0
5.0
5.0
5.0
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.76
0.53
0.76
1.02
1.13
1.02
1.13
0.76
1.13
0.27
0.93
0.27
Page 23
10.33
5.17
5.17
5.17
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
12.36
1.92
12.36
12.36
12.83
12.36
12.83
12.36
12.83
5.21
3.82
5.21
6.95
7.73
6.95
7.73
5.21
7.75
1.74
6.58
1.74
13.70
3.06
11.04
1.39
10.13
15.37
3.06
3.06
3.06
3.06
3.06
3.06
3.06
20.83
20.64
18.89
24.14
22.37
23.62
22.37
23.62
34.99
49.35
6.90
44.41
6.90
10.08
20.83
29.30
8.90
329.12
100.00
2.12
2.12
4.23
18.96
10.08
**
85.0
9.70
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
5.0
Total P
26.0
Total K
0.0
Total Labor
9.7
Total Water
85.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bale Wagon, SP PRC
0.58 Hr
Fertilizer Spreader, 18'
0.15 Hr
Rake, 9.5' LH AND RH
0.62 Hr
Tractor, 70 PTO HP,
1.29 Hr
MATERIALS REQUIREMENT ( per Acre)
05-26-00-08, Phosfuric
10.00 Ga
Chlorpyrifos
1.50 Pt
Water, District
85.00 AI
LABOR REQUIREMENT ( per Acre)
Harvest
2.44 Hr
25.83
7.85
125.99
38.28
66.60
20.24
37.92
11.52
43.48
13.21
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
18.4 Gal
Unleaded Gas
4.0 Gal
All Direct Energy
3.0 M BTU
Baler, 3 wire w/motor
Grain Drill, 12'
Spring Tooth Renovator,
Windrower, 14.0', HS, SC
1.16
0.10
0.06
1.62
Hr
Hr
Hr
Hr
Border Disk, Heavy Duty
Pickup Truck, 1/2 Ton
Tractor, 50 PTO HP,
Alfalfa Sd, Cert
Malathion
6.00 Lb
1.00 Pt
Baling Twine (6500')
Trifluralin
Irrigators
4.54 Hr
Tractor
0.36 Hr
1.33 Hr
1.16 Hr
3.96 TF
10.00 Lb
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 / 4
Table 5E. Schedule of Operations; Alfalfa Hay Production, 1998
COUNTY:Yuma
CROP:
Alfalfa Hay w/Graze
AREA:
Yuma Valley North
First
No.MonthTimes
1
2
3
4
5
6
7
8
9
10
Jan
Feb
Jan
Jan
Jan
Jan
Feb
Feb
Aug
Sep
11
12
Oct
Oct
16.0
4.0
9.0
9.0
9.0
9.0
1.0
1.0
1.0
1.0
FARM: Yuma County 98
ACRES:
1.0
YIELD:
8.4 Tn / Acre
Operation
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Basin
PREVIOUS CROP:
Wheat, Winter
Equipment/ Custom Oper
HP Self-Prop./ Implement
Irrigate
Rerun Borders
70 Border Disk, Heavy Duty
Swathing
Windrower, 14.0', HS, SC
Raking
70 Rake, 9.5' LH AND RH
Baling
50 Baler, 3 wire w/motor
Roadsiding
Bale Wagon, SP PRC
Apply Herbicide/Ground70 Fertilizer Spreader, 18'
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Apply Insecticide/Air
CST Air Spray, 3 Gal Mix
Irrigate/Run Fertilizer
0.3 Renovate
0.3 Plant
Pickup use 40 Mi/Ac
Page 24
70 Spring Tooth Renovator, 16'
70 Grain Drill, 12'
Pickup Truck, 1/2 Ton
Job Rate
Acrese/Hr
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
1/25/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
3.70 Water, District
10.00
5.00
13.00
7.00 Baling Twine (6500')
14.10
6.00 Trifluralin
Malathion
Chlorpyrifos
3.70 05-26-00-08, Phosfuric
Water, District
4.60
2.70 Alfalfa Sd, Cert
0.75
5.00 AI
3.10 AF
0.44 TF
6.57 TF
10.00
1.00
1.50
10.00
5.00
Lb
0.91 Lb
Pt 21.00 Ga
Pt 50.95 Ga
Ga 290.00 Tn
AI 12.40 AF
20.00 Lb 250.00 CW
Labor
Type
Irrigators
Tractor
Harvest
Tractor
Tractor
Harvest
Tractor
4.23 Ac
4.23 Ac
Irrigators
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 1 / 4