Table 10A. Income and Cash Operating Summary; Solum Barley, 1998 COUNTY: Yuma CROP: Solum Barley AREA: Yuma Valley North FARM: Yuma County 98 ACRES: 1.0 YIELD: 2,000.0 Lb / Acre Item INCOME ⇒ Unit Grain Pound Page 46 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Quantity 2,000.00 Price/ Unit $0.06 CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax) Paid Labor (including benefits) Tractor/Self Propelled Irrigation Chemicals and Custom Applications Fertilizer Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance Budgeted /Acre $126.00 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 Total /Acre Your Farm Budget $126.00 ____________ 16.27 ____________ ____________ ____________ 14.85 ____________ ____________ 9.02 ____________ ____________ ____________ 0.00 ____________ 8.06 ____________ ____________ 6.50 9.77 14.85 2.83 6.19 Irrigation Water (excluding labor) Water Assessment (See Note Below) ** Other Purchased Inputs & Seed/Transplants 8.06 TOTAL CASH LAND PREPARATION AND GROWING EXPENSES -------------48.20 ____________ CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) Tractor/Self Propelled 0.19 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 0.07 0.15 Custom Harvest/Post Harvest TOTAL HARVEST AND POST HARVEST EXPENSE OPERATING OVERHEAD ⇒ PICKUP USE OPERATING INTEREST AT 10.0% 0.19 ____________ ____________ 0.21 ____________ ____________ ____________ 38.10 -------------38.51 ____________ 7.56 1.80 ____________ ____________ ============= TOTAL CASH OPERATING EXPENSES RETURNS OVER CASH OPERATING EXPENSES $96.07 $29.93 ____________ =================== ____________ ____________ 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 / 228 Table 10B. Allocations of Ownership Costs; Solum Barley, 1998 COUNTY:Yuma CROP: Solum Barley AREA: Yuma Valley North FARM: Yuma County 98 WATER SOURCE: Yuma County Water ACRES: 1.0 IRRIGATION SYSTEM: Flood Furrow YIELD: 2,000.0 Lb / Acre PREVIOUS CROP: Cotton, Upland Item TOTAL INCOME at Page 47 $0.06 / Lb TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES CASH OVERHEAD EXPENSES Taxes, Housing and Insurance, Farm Machinery General and Office Overhead (5.0% of Total Operating Exp.) General Farm Maintenance (3.0% of Total Operating Exp.) Total Cash Overhead Expenses Total Cash Operating and Overhead Cost RETURNS OVER CASH OPER. AND OVER. EXPENSES -- CASH COST BASIS ($/ACRE) -Income and Costs Net Returns $126.00 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $126.00 $96.07 $96.07 $29.93 1.07 4.80 2.88 -------------8.76 $29.93 1.07 4.80 2.88 -------------8.76 104.83 104.83 $21.17 CAPITAL ALLOCATIONS (100% Equity) Capital Replacement, Machinery and Vehicles Interest on Equity, Machinery and Vehicles $21.17 6.43 3.22 -------------9.65 Total Capital Allocations RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK --------------------------------> $21.17 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 ----------------------------------------> ($68.62) RETURNS TO MANAGEMENT AND RISK -----------------------------------------------------------------------------------------------------> Management Services (8% of Total Operation Expenses) TOTAL OWNERSHIP COST -------------98.55 7.69 -------------194.73 ============= ============= TOTAL COST $194.62 $290.80 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> ($68.62) 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 $11.52 $0.05 $0.05 $0.10 ($157.11) ($164.80) $0.05 $0.10 $0.15 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 1 / 228 Table 10C. Variable Operating Costs; Solum Barley, 1998 COUNTY:Yuma CROP: Solum Barley AREA: Yuma Valley North No. First Month Operation 1 2 4 6 7 8 9 10 Nov Nov Dec Dec Apr May May May FARM: Yuma County 98 ACRES: 1.0 YIELD: 2,000.0 Lb / Acre ---- Hours * ---Machine Labor Apply Fert/Ground Disk Plant Irrigate Prepare Ends Harvest Haul 0 Disk Residue 1 CW Pickup Use30 Mi/Acre Operating Interest at 10.0 0.075 0.225 0.225 0.023 Page 48 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland ---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps. Labor Cust/Serv. Materials Total 0.083 0.250 0.250 0.752 0.025 0.72 2.92 2.46 0.21 0.65 1.95 1.95 4.89 0.19 14.85 8.06 37.85 0.25 0.225 1.000 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 0.250 2.92 7.56 1.95 Tot. Cash Expenses Times 16.22 4.87 12.46 4.89 0.41 37.85 0.25 4.87 1.0 1.0 1.0 2.0 1.0 1.0 1.0 1.0 16.22 4.87 12.46 9.77 0.41 37.85 0.25 4.87 7.56 1.80 1.80 Class G L L G H H H L ============= TOTAL CASH OPERATING EXPENSES (includes all times over): 96.07 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) 22.21 Growing (G) Harvest (H) Post Harvest (P) Marketing (M) Operating Overhead (O) 25.99 38.51 0.00 0.00 9.36 ============= Total (T) $96.07 SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Prices ⇒ - 25% - 10% Budgeted + 10% + 25% Yields - 25% - 10% Budgeted + 10% + 25% 1,500.0 1,800.0 2,000.0 2,200.0 2,500.0 Break-even Yield $0.05 $0.06 $0.06 $0.07 $0.08 Break-even Price -15.57 -7.17 -1.57 4.03 12.43 -1.39 9.84 17.33 24.82 36.05 8.06 21.18 29.93 38.68 51.80 17.51 32.52 42.53 52.54 67.55 31.68 49.53 61.43 73.33 91.18 2,056.02 1,537.16 1,315.79 1,150.15 967.47 0.06 0.05 0.05 0.05 0.04 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 1 / 228 Table 10D. Resource and Cash Flow Requirements; Solum Barley, 1998 COUNTY:Yuma CROP: Solum Barley AREA: Yuma Valley North Month * Number Irrigations Water Applied (inches) NOV P DEC P 1.0 MAR C 1.0 APR C Pickup Use30 Mi/Acre Operating Interest at 10.0 Water Assessment Total % 2.0 FARM: Yuma County 98 ACRES: 1.0 YIELD: 2,000.0 Lb / Acre Total Labor (Hrs) 8.0 8.0 Page 49 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland -------------------------------------Purchased Fuel, Oil Water and Repairs 0.33 1.00 0.75 0.28 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 Operating Costs ($/ACRE *) -------------------------------------Other Labor Chemicals Purchases Services Total 3.64 2.46 3.14 7.56 2.60 6.84 4.89 2.14 14.85 1.80 21.09 17.35 4.89 43.38 7.56 1.80 39.90 41.53 96.07 100.00 8.06 38.10 ** 16.0 2.36 TOTAL RESOURCE REQUIREMENTS ( per Acre) Total N 50.1 Total P 0.0 Total K 0.0 Total Labor 2.4 Total Water 16.0 EQUIPMENT REQUIREMENTS ( per Acre) Fertilizer Broadcaster, 0.08 Hr Offset Disk, 16.5' 0.45 Hr Tractor, 100 PTO HP 0.52 Hr 16.79 17.48 16.47 17.14 14.85 15.46 8.06 8.39 TOTAL ENERGY REQUIREMENTS ( per Acre) Diesel Fuel 3.7 Gal Unleaded Gas 3.0 Gal All Direct Energy 0.9 M BTU Grain Drill, 14' Pickup Truck, 1/2 Ton MATERIALS REQUIREMENT ( per Acre) 46-00-00, Urea 46 109.00 Lb Solum Barley LABOR REQUIREMENT ( per Acre) Irrigators 1.50 Hr Tractor 0.22 Hr 1.00 Hr 40.00 Lb Offset Disk, 13.5' Tractor, 70 PTO HP Water, District 0.02 Hr 0.25 Hr 16.00 AI 0.86 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 / 228 Table 10E. Schedule of Operations; Solum Barley, 1998 COUNTY:Yuma CROP: Solum Barley AREA: Yuma Valley North First No.MonthTimes 1 2 3 4 5 6 7 8 Nov Nov Dec Dec Apr May May May 1.0 1.0 1.0 2.0 1.0 1.0 1.0 1.0 FARM: Yuma County 98 ACRES: 1.0 YIELD: 2,000.0 Lb / Acre Operation Apply Fert/Ground Disk Plant Irrigate Prepare Ends Harvest Haul Disk Residue Pickup use 30 Mi/Ac WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Equipment/ Custom Oper HP Self-Prop./ Implement 100 Fertilizer Broadcaster, 100 Offset Disk, 16.5' 70 Grain Drill, 14' 70 Offset Disk, 13.5' CST Combine Barley CST Haul Grain 100 Offset Disk, 16.5' Pickup Truck, 1/2 Ton Page 50 Job Rate Acres/Hr TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 ---------- Material Use and Cost ---------- Service Cost Name Appl. Rate $ / Unit $ / Unit 12.00 46-00-00, Urea 46 4.00 4.00 Solum Barley 1.33 Water, District 40.00 109.00 Lb 257.00 Tn 40.00 Lb 8.00 AI Labor Type Tractor Tractor Tractor Irrigators Tractor 19.00 CW 0.00 AF 37.50 Ac 0.25 C 4.00 1.00 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 / 228