Table 13A. Income and Cash Operating Summary; Wheat (Double Crop), 1998
COUNTY: Yuma
CROP:
Wheat, Winter
AREA:
Yuma Valley North
FARM: Yuma County 98
ACRES:
1.0
YIELD:
6,000.0 Lb / Acre
Item
INCOME ⇒
Unit
Grain
Pound
Page 63
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Quantity
6,000.00
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
Insecticide
Herbicide
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$372.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
1/25/99
Total
/Acre
Your Farm
Budget
$372.00
____________
24.86
____________
____________
____________
126.08
____________
____________
____________
____________
10.82
____________
____________
____________
0.00
____________
14.84
____________
____________
10.98
13.88
95.86
14.17
16.06
4.29
6.53
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
14.84
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------176.61
____________
CASH HARVEST AND POST HARVEST EXPENSES
Custom Harvest/Post Harvest
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
75.30
-------------75.30
____________
7.56
6.35
____________
____________
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$265.81
$106.19
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $31.00 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 / 215
Table 13B. Allocations of Ownership Costs; Wheat (Double Crop), 1998
COUNTY:Yuma
CROP:
Wheat, Winter
AREA:
Yuma Valley North
Item
TOTAL INCOME at
Page 64
FARM: Yuma County 98
WATER SOURCE:
Yuma County Water
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
6,000.0 Lb / Acre PREVIOUS CROP:
Cotton, Upland
$0.06 / Lb
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$372.00
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
1/25/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$372.00
$265.81
$265.81
$106.19
1.34
13.29
7.97
-------------22.60
$106.19
1.34
13.29
7.97
-------------22.60
288.42
288.42
$83.58
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$83.58
7.49
4.26
-------------11.75
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$83.58
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
13.90
13.90
39.42
31.00
-------------84.32
31.00
-------------Total Land Costs
44.90
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$38.69
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------67.50
21.27
-------------139.93
=============
=============
TOTAL COST
$333.31
$405.75
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$38.69
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
$71.83
$0.04
$0.01
$0.06
($12.48)
($33.75)
$0.04
$0.02
$0.07
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 215
Table 13C. Variable Operating Costs; Wheat (Double Crop), 1998
COUNTY:Yuma
CROP:
Wheat, Winter
AREA:
Yuma Valley North
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
Dec
Dec
Dec
Dec
Dec
Feb
Feb
Feb
Mar
Mar
Jun
Jun
Jun
FARM: Yuma County 98
ACRES:
1.0
YIELD:
6,000.0 Lb / Acre
---- Hours * ---Machine Labor
Disk
Apply Fert/Ground
Plant
Make Borders
Irrigate
Apply Herbicide/Ground
Irrigate/Run Fertilizer
Apply Herbicide/Ground
Apply Insecticide/Air
Irrigate
Combine Harvest
Haul, Custom 63 CW
Disk Residue 63 CW
Pickup Use30 Mi/Acre
Operating Interest at 10.0
0.300
0.180
0.225
0.113
0.150
0.150
Page 65
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.333
0.200
0.250
0.125
0.267
0.167
0.267
0.167
2.95
1.36
2.04
0.59
0.93
0.93
2.60
1.56
1.95
0.97
1.74
1.30
1.74
1.30
45.16
14.84
4.75
0.267
1.74
59.55
15.75
0.300
1.000
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
1/25/99
0.333
2.95
7.56
2.60
21.59
25.35
10.52
9.42
Tot. Cash
Expenses
Times
5.55
48.08
18.83
1.56
1.74
23.82
27.09
12.75
14.17
1.74
59.55
15.75
5.55
1.0
1.0
1.0
1.0
2.0
0.5
2.0
0.5
1.0
4.0
1.0
1.0
1.0
5.55
48.08
18.83
1.56
3.47
11.91
54.18
6.38
14.17
6.94
59.55
15.75
5.55
7.56
6.35
6.35
Class
L
G
L
G
G
G
G
G
G
G
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
265.81
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
$31.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
29.93
Growing (G)
146.68
Harvest (H)
75.30
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
13.91
=============
Total (T)
$265.81
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$0.05
$0.06
$0.06
$0.07
$0.08 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
4,500.0
5,400.0
6,000.0
6,600.0
7,500.0
Break-even Yield
-36.74
-6.19
14.18
34.55
65.11
5.11
44.03
69.98
95.93
134.86
33.01
77.51
107.18
136.85
181.36
60.91
110.99
144.38
177.77
227.86
102.76
161.21
200.18
239.15
297.61
5,582.26 4,381.92
3,832.51
3,405.53
2,917.90
0.05
0.05
0.04
0.04
0.04
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 1 / 215
Table 13D. Resource and Cash Flow Requirements; Wheat (Double Crop), 1998
COUNTY:Yuma
CROP:
Wheat, Winter
AREA:
Yuma Valley North
Month *
Number
Irrigations
DEC P
1.0
JAN C
1.0
FEB C
1.0
MAR C
2.0
APR C
2.0
MAY C
1.0
JUN C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
8.0
FARM: Yuma County 98
ACRES:
1.0
YIELD:
6,000.0 Lb / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
4.5
4.5
5.0
10.0
10.0
5.0
Page 66
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.89
0.55
0.43
0.53
0.53
0.27
0.33
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
1/25/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
4.95
2.00
0.93
2.95
7.56
6.57
3.98
3.04
3.47
3.47
1.74
2.60
22.58
22.58
41.41
34.77
7.42
7.42
6.35
41.52
35.97
45.38
42.99
3.47
1.74
80.85
7.56
6.35
86.40
32.50
265.81
100.00
4.75
75.30
**
39.0
3.54
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
210.0
Total P
156.0
Total K
0.0
Total Labor
3.5
Total Water
39.0
EQUIPMENT REQUIREMENTS ( per Acre)
Border Disk, 6' Disk
0.11 Hr
Grain Drill, 12'
0.22 Hr
Tractor, 70 PTO HP,
0.49 Hr
MATERIALS REQUIREMENT ( per Acre)
11-52-00, Dry
300.00 Lb
Diclofop Methyl
1.34 Pt
Water, District
39.00 AI
LABOR REQUIREMENT ( per Acre)
Irrigators
2.14 Hr
18.38
6.91
24.86
9.35
121.33
45.65
14.84
5.58
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
5.5 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
1.1 M BTU
Directed Spray Rig, 8
Offset Disk, 12'
Tractor, 100 PTO HP,
32-00-00, URAN 32, Lqd
Disulfoton
Tractor
0.15 Hr
0.60 Hr
0.78 Hr
Fertilizer Broadcaster,
Pickup Truck, 1/2 Ton
0.18 Hr
1.00 Hr
50.00 Ga
1.00 Pt
Bromoxynil
Milling Wheat Sd, Cert
0.75 Pt
100.00 Lb
1.41 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of
$31.00 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 / 215
Table 13E. Schedule of Operations; Wheat (Double Crop), 1998
COUNTY:Yuma
CROP:
Wheat, Winter
AREA:
Yuma Valley North
First
No.Month Times
FARM: Yuma County 98
ACRES:
1.0
YIELD:
6,000.0 Lb / Acre
Operation
Page 67
WATER SOURCE:
Yuma County Water
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Cotton, Upland
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
Dec
Dec
Dec
Dec
Dec
Feb
Feb
1.0
1.0
1.0
1.0
2.0
0.5
2.0
Disk
100 Offset Disk, 12'
Apply Fert/Ground
100 Fertilizer Broadcaster,
Plant
70 Grain Drill, 12'
Make Borders
70 Border Disk, 6' Disk
Irrigate
Apply Herbicide/Ground 70 Directed Spray Rig, 8 Row
Irrigate/Run Fertilizer
8
9
10
11
12
13
Feb
Mar
Mar
Jun
Jun
Jun
0.5
1.0
4.0
1.0
1.0
1.0
Apply Herbicide/Ground 70 Directed Spray Rig, 8 Row
Apply Insecticide/Air
CST Air Spray, 5 Gal Mix
Irrigate
Combine Harvest
CST Combine Wheat
Haul, Custom
CST Haul Grain
Disk Residue
100 Offset Disk, 12'
Pickup use 30 Mi/Ac
Pickup Truck, 1/2 Ton
Job Rate
Acres/Hr
3.00
5.00
4.00
8.00
3.75
6.00
3.70
TILLAGE: Double Cropped
SOIL:
Sandy-Loam
DATE:
1/25/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
11-52-00, Dry
Milling Wheat Sd, Cert
Water, District
Diclofop Methyl
Water, District
32-00-00, URAN 32,
6.00 Bromoxynil
Disulfoton
3.70 Water, District
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Irrigators
300.00 Lb 284.00 Tn
100.00 Lb 14.00 CW
4.50
2.67
5.00
25.00
1.50
1.00
5.00
AI
0.00 AF
Pt 61.03 Ga
AI
0.00 AF
Ga 173.00 Tn
Pt 52.93 Ga
Pt 71.08 Ga
AI
0.00 AF
Labor
Type
Tractor
4.75 Ac
Irrigators
37.50 Ac
0.25 C
3.00
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 / 215