Table 12A. Income and Cash Operating Summary; Upland Cotton, 1998 COUNTY: Yuma CROP: Cotton, Upland AREA: Yuma Valley South INCOME ⇒ FARM: Yuma County 98 ACRES: 1.0 YIELD: 1,349.0 Lb / Acre Item Unit Lint Cottonseed Pound Ton Page 56 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Quantity 1,349.00 1.19 Price/ Unit $0.68 $133.60 CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax) Paid Labor (including benefits) Tractor/Self Propelled Irrigation Other/ Contract Chemicals and Custom Applications Fertilizer Insecticide Herbicide Farm Machinery and Vehicles Diesel Fuel Gasoline Repairs and Maintenance Irrigation Water (excluding labor) Water Assessment (See Note Below) ** Other Purchased Inputs & Seed/Transplants Other Services and Rentals Budgeted /Acre $914.62 $158.98 ____________ ____________ 63.48 ____________ ____________ ____________ ____________ 316.51 ____________ ____________ ____________ ____________ 46.12 ____________ ____________ ____________ ____________ ____________ 0.00 162.16 9.16 153.00 -------------588.26 5.05 31.75 ____________ ____________ ____________ ____________ 10.29 ____________ ____________ ____________ 62.90 ____________ ____________ ____________ 36.81 ____________ ____________ ____________ 66.32 115.06 9.58 1.60 -------------302.55 15.11 26.54 ____________ ____________ ____________ ____________ ============= =================== 4.87 5.41 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 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 $62.00 per Acre is included as an ownership cost in Table B. $1,073.61 15.25 4.91 25.97 32.58 30.33 TOTAL HARVEST AND POST HARVEST EXPENSE OPERATING OVERHEAD ⇒ PICKUP USE OPERATING INTEREST AT 10.0% Your Farm Budget 58.82 245.64 12.05 Chemicals and Custom Applications Insecticide Other Chemicals Custom Harvest/Post Harvest Cotton Ginning Crop Assessment Other Materials Total /Acre 37.30 17.33 8.84 TOTAL CASH LAND PREPARATION AND GROWING EXPENSES CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) Tractor/Self Propelled Other/Contract TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 $932.47 $141.14 ____________ ____________ ____________ ____________ ____________ Table 12B. Allocations of Ownership Costs; Upland Cotton, 1998 COUNTY:Yuma CROP: Cotton, Upland AREA: Yuma Valley South Item TOTAL INCOME at Page 57 FARM: Yuma County 98 WATER SOURCE: Yuma County Water ACRES: 1.0 IRRIGATION SYSTEM: Flood Furrow YIELD: 1,349.0 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 $1,073.61 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $1,073.61 $932.47 $932.47 $141.14 9.12 46.62 27.97 -------------83.72 $141.14 9.12 46.62 27.97 -------------83.72 1,016.19 1,016.19 $57.42 CAPITAL ALLOCATIONS (100% Equity) Capital Replacement, Machinery and Vehicles Interest on Equity, Machinery and Vehicles $57.42 56.93 23.22 -------------80.16 Total Capital Allocations RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK --------------------------------> $57.42 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 ----------------------------------------> ($32.37) RETURNS TO MANAGEMENT AND RISK -----------------------------------------------------------------------------------------------------> Management Services (8% of Total Operation Expenses) TOTAL OWNERSHIP COST -------------173.51 74.60 -------------407.10 ============= ============= TOTAL COST $1,105.98 $1,339.57 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> ($32.37) 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 ($22.74) $0.57 $0.13 $0.70 ($191.37) ($265.96) $0.57 $0.30 $0.88 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 1 / 187 Table 12C. Variable Operating Costs; Upland Cotton, 1998 COUNTY:Yuma CROP: Cotton, Upland AREA: Yuma Valley South No. First Month Operation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Dec Dec Jan Jan Jan Feb Mar Mar Mar Apr Apr May Jun Jun Jun Jun Jul Jul Jul Jul Aug Aug Aug Aug Sep Sep Sep Sep Sep Sep Sep Nov Sep Sep Dec Dec Nov Nov FARM: Yuma County 98 ACRES: 1.0 YIELD: 1,349.0 Lb / Acre Rip Disk Laser Level Apply Herb. & Incorporate List Preirrigate Mulch Plant Remove Cap Cultivate Soil Fertility Irrigate/Run Fertilizer Irrigate Hand Weeding Apply Insect./Ground Apply Herbicide/Ground Apply Insect./Ground Apply Insect./Ground Hand Weeding Apply Insecticide/Air Apply Insecticide/Air Apply Insecticide/Air Apply Insecticide/Air Irrigate/Run Fertilizer Apply Insecticide/Air Apply Defoliant/Air Apply Defoliant/Air Dust Control Prepare Ends Cotton, First Pick Cotton, Make Modules Cotton, Rood 200 Cl Haul, Custom .2 Mu Cotton Ginning 39.7 Cs Cotton Classing 2.7 Ba Crop Assessment 2.7 Ba Cut Stalks 2.7 Ba Disk Residue 2.7 Ba Pickup Use60 Mi/Acre Operating Interest at 10.0 ---- Hours * ---Machine Labor 0.450 0.300 0.900 0.180 0.225 0.180 0.225 0.150 0.225 0.500 0.333 1.000 0.200 0.250 0.667 0.200 0.250 0.167 0.250 Page 58 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland ---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps. Labor Cust/Serv. Materials Total 5.64 2.95 6.65 1.94 1.93 1.14 2.45 1.10 1.43 3.90 2.60 7.80 1.56 1.95 4.33 1.56 1.95 1.30 1.95 3.97 9.16 3.00 0.400 0.400 2.60 2.60 15.21 75.00 0.180 0.180 0.180 0.180 0.200 0.200 0.200 0.200 1.52 1.12 1.52 1.52 1.56 1.56 1.56 1.56 48.03 8.08 35.27 10.76 75.00 4.23 4.23 4.23 4.23 0.400 2.60 4.23 4.75 4.75 0.009 0.037 0.750 0.375 0.010 0.041 0.833 0.417 0.15 0.36 30.50 4.61 0.14 0.32 5.41 3.25 1.60 56.00 6.94 115.06 3.37 9.58 0.150 0.300 2.000 0.167 0.333 1.33 2.95 15.11 10.65 9.24 12.60 83.11 28.39 14.81 39.63 13.78 1.30 2.60 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 Times 9.54 5.55 14.45 7.46 3.88 4.33 2.70 13.56 2.40 3.38 3.00 17.81 2.60 75.00 51.12 10.76 38.35 13.85 75.00 14.88 13.47 16.83 87.34 30.99 19.04 44.38 18.53 0.30 0.68 35.92 9.46 56.00 6.94 115.06 3.37 9.58 2.63 5.55 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 3.0 1.0 2.0 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 1.0 1.0 61.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 26.54 Tot. Cash Expenses 9.54 5.55 14.45 7.46 3.88 4.33 2.70 13.56 2.40 10.13 3.00 35.62 5.20 75.00 51.12 10.76 38.35 13.85 75.00 14.88 13.47 16.83 87.34 30.99 19.04 44.38 18.53 18.24 0.68 35.92 9.46 56.00 6.94 115.06 3.37 9.58 2.63 5.55 15.11 26.54 Class L L L G L G L L G G G G G G G G G G G G G G G G G H H G 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 $62.00 per Acre is included as an ownership cost in Table B. 932.47 T Table 12C. Variable Operating Costs; Upland Cotton, 1998 COUNTY:Yuma CROP: Cotton, Upland AREA: Yuma Valley South FARM: Yuma County 98 ACRES: 1.0 YIELD: 1,349.0 Lb / Acre OPERATING COST SUMMARY BY CLASS Land Preparation (L) 55.23 Growing (G) 533.04 Harvest (H) 171.91 Post Harvest (P) 117.69 Marketing (M) 12.95 Operating Overhead (O) 41.65 ============= Total (T) $932.47 Page 59 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Prices ⇒ - 25% - 10% Budgeted + 10% + 25% Yields $0.51 $0.61 $0.68 $0.75 $0.85 Break-even Price - 25% - 10% Budgeted + 10% + 25% 1,011.8 1,214.1 1,349.0 1,483.9 1,686.3 Break-even Yield -341.37 -283.86 -245.52 -207.18 -149.66 -238.48 -160.39 -108.32 -56.26 21.83 -169.88 -78.07 -16.86 44.34 136.16 -101.28 4.25 74.60 144.95 250.48 1.61 127.72 211.79 295.87 421.97 2,212.83 1,629.69 1,386.16 1,205.96 1,009.16 0.85 0.74 0.69 0.65 0.60 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 1 / 187 Table 12D. Resource and Cash Flow Requirements; Upland Cotton, 1998 COUNTY:Yuma CROP: Cotton, Upland AREA: Yuma Valley South Month * Number Irrigations FARM: Yuma County 98 ACRES: 1.0 YIELD: 1,349.0 Lb / Acre Water Applied (inches) Total Labor (Hrs) DEC P 0.42 JAN C 1.87 FEB C 1.0 12.0 0.67 MAR C 0.62 APR C 0.25 MAY C 1.0 6.0 0.65 JUN C 2.0 12.0 1.45 JUL C 1.0 6.0 0.80 AUG C 1.0 6.0 0.71 SEP C 0.57 OCT C 0.77 NOV C 0.55 DEC C 0.20 Pickup Use60 Mi/Acre Operating Interest at 10.0 Water Assessment Total 6.0 42.0 9.52 % TOTAL RESOURCE REQUIREMENTS ( per Acre) Total N 205.3 Total P 0.0 Total K 0.0 Total Labor 9.5 Total Water 42.0 EQUIPMENT REQUIREMENTS ( per Acre) Cotton Picker, 2 Row 0.75 Hr Drag Scraper, 10' 0.90 Hr Module Builder 0.38 Hr Planter, Drill Type, 4 Row 0.22 Hr Row Crop Sprayer, 8 Rw 0.54 Hr Tractor, 70 PTO HP, 1.80 Hr Tractor, 150 PTO HP, 0.45 Hr MATERIALS REQUIREMENT ( per Acre) 32-00-00, URAN 32, Lqd 58.00 Ga Amitraz 0.25 Lb Chlorpyrifos 0.50 Pt Endosulfan 1.50 Lb Module Tarps 30.21 C Sodium Chlorate 2.00 Ga Trifluralin 1.20 Pt Zetacypermethrin 6.40 Oz LABOR REQUIREMENT ( per Acre) Harvest 0.83 Hr Truck Driver 0.61 Hr Page 60 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland -------------------------------------Purchased Fuel, Oil Water and Repairs TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 Operating Costs ($/ACRE *) -------------------------------------Other Labor Chemicals Purchases Services Total 4.29 14.82 3.25 14.56 4.33 4.81 1.95 4.55 10.27 5.72 7.09 6.24 5.36 4.07 1.56 4.69 1.43 1.43 4.07 3.05 4.78 11.83 21.25 9.59 1.71 15.11 26.54 7.54 33.34 4.33 18.66 6.38 21.19 160.66 144.68 157.91 115.47 97.83 106.59 16.22 15.11 26.54 401.15 43.02 932.47 100.00 3.97 9.16 3.00 15.21 71.32 56.69 133.35 61.33 6.89 0.32 0.96 0.32 75.00 79.23 12.69 35.76 63.38 92.60 12.95 ** 98.04 73.76 348.76 10.51 7.91 37.40 TOTAL ENERGY REQUIREMENTS ( per Acre) Diesel Fuel 26.2 Gal Unleaded Gas 9.8 Gal All Direct Energy 4.9 M BTU Cultipacker, 13' Laser, Complete System Offset Disk, 12' Rolling Cultivator, 4 Rw Saddle Tk Sprayer, 2 Tk 8 Tractor, 80 PTO HP, Truck, 5 Ton w/1000 Gal Acephate Bifenthrin Cyanazine Fenpropathrin Oxamyl Sulprophos Upl Cotton Sd+NU-Flow Irrigators 10.76 1.15 0.15 0.90 0.64 0.86 0.18 0.38 0.55 Hr Hr Hr Hr Hr Hr Hr Directed Spray Rig, 8 Lister, 5 Bottom Pickup Truck, 1/2 Ton Rotary Stalk Cutter, 4 Row Tandem Disk, 12' Tractor, 100 PTO HP, V-Ripper, 7 Shnk 1.00 4.00 1.00 10.67 1.00 1.00 12.00 Lb Oz Qt Oz Pt Pt Lb Acephate Buprofezin Cyfluthrin Lambdacyhalothrin Pyriproxyfen Thidiazuron Water, District 2.67 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. Tractor 0.18 0.22 2.00 0.15 0.18 2.24 0.45 Hr Hr Hr Hr Hr Hr Hr 1.59 0.50 2.25 3.20 8.00 0.30 42.00 Lb Lb Oz Oz Oz Lb AI 5.41 Hr Table 12E. Schedule of Operations; Upland Cotton, 1998 COUNTY:Yuma CROP: Cotton, Upland AREA: Yuma Valley South First No.Month Times Operation 1 Dec 2 Dec 3 Jan 1.0 Rip 1.0 Disk 1.0 Laser Level 4 Jan 1.0 Apply Herb. & 5 6 7 8 9 10 11 12 1.0 1.0 1.0 1.0 1.0 3.0 1.0 2.0 Jan Feb Mar Mar Mar Apr Apr May FARM: Yuma County 98 ACRES: 1.0 YIELD: 1,349.0 Lb / Acre List Preirrigate Mulch Plant Remove Cap Cultivate Soil Fertility Irrigate/Run Fertilizer Equipment/ Custom Oper HP Self-Prop./ Implement 150 V-Ripper, 7 Shnk 100 Offset Disk, 12' 100 Drag Scraper, 10' Laser, Complete System 100 Tandem Disk, 12' Saddle Tk Sprayer, 2 Tk 8 Row 100 Lister, 5 Bottom 70 Rolling Cultivator, 4 Rw 70 Planter, Drill Type, 4 Row 100 Cultipacker, 13' 70 Rolling Cultivator, 4 Rw CST Soil Analysis (Surface) 2.0 Irrigate 1.0 Hand Weeding 1.0 Apply Insect./Ground 16 Jun 17 Jul 1.0 Apply Herbicide/Ground 70 Directed Spray Rig, 8 Row 1.0 Apply Insect./Ground 70 Row Crop Sprayer, 8 Rw 18 Jul 1.0 Apply Insect./Ground 70 Row Crop Sprayer, 8 Rw 19 20 21 22 23 1.0 1.0 1.0 1.0 1.0 CST Hand Weeding CST Air Spray, 3 Gal Mix CST Air Spray, 3 Gal Mix CST Air Spray, 3 Gal Mix CST Air Spray, 3 Gal Mix Hand Weeding Apply Insecticide/Air Apply Insecticide/Air Apply Insecticide/Air Apply Insecticide/Air Job Rate Acres/Hr CST Hand Weeding 70 Row Crop Sprayer, 8 Rw 24 Aug 1.0 Irrigate/Run Fertilizer 25 Sep 1.0 Apply Insecticide/Air CST Air Spray, 3 Gal Mix 26 Sep 1.0 Apply Defoliant/Air CST Air Spray, 5 Gal Mix 27 Sep 1.0 Apply Defoliant/Air CST Air Spray, 5 Gal Mix TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 ---------- Material Use and Cost ---------- Service Cost Name Appl. Rate $ / Unit $ / Unit 2.00 3.00 1.00 5.00 Trifluralin 4.00 1.50 Water, District 5.00 4.00 Upl Cotton Sd+NU-Flow 6.00 4.00 Labor Type Tractor Tractor Tractor 1.20 Pt 24.95 Ga 12.00 AI 0.00 AF 12.00 Lb 72.00 Lb Tractor Tractor Irrigators Tractor Tractor Tractor Tractor 3.00 Ac 2.50 Water, District 32-00-00, URAN 32, 2.50 Water, District 13 Jun 14 Jun 15 Jun Jul Jul Aug Aug Aug Page 61 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland 6.00 AI 0.00 AF 15.00 Ga 173.00 Tn 6.00 AI 0.00 AF Irrigators Irrigators 75.00 Ac 5.00 Pyriproxyfen Acephate 5.00 Cyanazine 5.00 Buprofezin Oxamyl 5.00 Lambdacyhalothrin Chlorpyrifos 8.00 1.00 1.00 0.50 1.00 3.20 0.50 Endosulfan Cyfluthrin Amitraz Bifenthrin Sulprophos 2.50 Water, District 32-00-00, URAN 32, Zetacypermethrin Acephate Thidiazuron Fenpropathrin Acephate Sodium Chlorate Zetacypermethrin Acephate 1.50 2.25 0.25 4.00 1.00 6.00 28.00 3.20 0.67 0.30 10.67 0.67 2.00 3.20 0.25 Oz 560.00 Ga Lb 10.31 Lb Qt 30.50 Ga Lb 50.00 Lb Pt 66.19 Ga Oz 278.75 Ga Pt 50.95 Ga Lb Oz Lb Oz Pt AI Ga Oz Lb Lb Oz Lb Ga Oz Lb 6.70 496.00 47.56 549.00 490.00 0.00 173.00 317.83 9.00 56.16 174.00 9.00 1.40 317.83 9.00 Lb Ga Lb Ga Ga AF Tn Ga Lb Lb Ga Lb Ga Ga Lb Tractor Tractor Tractor Tractor 75.00 4.23 4.23 4.23 4.23 Ac Ac Ac Ac Ac Irrigators 4.23 Ac 4.75 Ac 4.75 Ac Table 12E. Schedule of Operations; Upland Cotton, 1998 COUNTY:Yuma CROP: Cotton, Upland AREA: Yuma Valley South First No.Month Times 28 29 30 31 32 33 34 35 36 37 38 Sep Sep Sep Sep Nov Sep Sep Dec Dec Nov Nov 61.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 FARM: Yuma County 98 ACRES: 1.0 YIELD: 1,349.0 Lb / Acre Operation Dust Control Prepare Ends Cotton, First Pick Cotton, Make Modules Cotton, Rood Haul, Custom Cotton Ginning Cotton Classing Crop Assessment Cut Stalks Disk Residue Pickup use 60 Mi/Ac Page 62 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Equipment/ Custom Oper HP Self-Prop./ Implement Truck, 5 Ton w/1000 Gal Tank 100 Offset Disk, 12' Cotton Picker, 2 Row 80 Module Builder CST Rood Upland Cotton 2X CST Haul Cotton Modules CST Gin Upland Cotton CST Class Cotton, HVI CST Upland (Low Elev) 100 Rotary Stalk Cutter, 4 Row 100 Offset Disk, 12' Pickup Truck, 1/2 Ton Job Rate Acres/Hr TILLAGE: Conventional SOIL: Sandy-Loam DATE: 1/25/99 ---------- Material Use and Cost ---------- Service Cost Name Appl. Rate $ / Unit $ / Unit 100.00 24.40 1.20 2.40 Module Tarps 30.21 C Labor Type Truck Tractor Harvest Tractor 0.05 CW 0.28 Cl 35.00Mu 2.90 Cs 1.25 Ba 3.55 Ba 6.00 3.00 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 F 1 / 187