Table 4A. Income and Cash Operating Summary; Early Potatoes, 1998
COUNTY: Maricopa
CROP:
Potatoes, Early
AREA:
Roosevelt ID
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
292.0 CW / Acre
Item
INCOME ⇒
Potatoes
Page 15
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Unit
Quantity
Hundred Lbs
292.00
Price/
Unit
$8.44
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
Other Chemicals
Farm Machinery and Vehicles
Diesel Fuel
Gasoline
Repairs and Maintenance
Budgeted
/Acre
$2,464.48
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
12/10/98
Total
/Acre
Your Farm
Budget
$2,464.48
____________
146.14
____________
____________
____________
____________
142.99
____________
____________
____________
____________
____________
71.41
____________
____________
____________
____________
115.00
____________
697.95
____________
____________
66.78
54.99
24.37
107.65
11.36
4.95
19.03
22.94
3.52
44.95
Irrigation Water(excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
697.95
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------1173.49
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
30.22
126.73
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
9.96
35.83
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
156.95
____________
____________
____________
45.79
____________
____________
____________
-------------202.74
15.29
32.97
=============
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
$1,424.50
$1,039.98
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $15.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 37
Table 4B. Allocations of Ownership Costs; Early Potatoes, 1998
COUNTY:Maricopa
CROP:
Potatoes, Early
AREA:
Roosevelt ID
Item
TOTAL INCOME at
Page 16
FARM: Maricopa Veg 98
WATER SOURCE:
Roosevelt Irrigation
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
292.0 CW / Acre PREVIOUS CROP:
Wheat, Winter
$8.44 / CW
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,464.48
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
12/10/98
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,464.48
$1,424.50
$1,424.50
$1,039.98
13.98
71.22
42.73
-------------127.94
$1,039.98
13.98
71.22
42.73
-------------127.94
1,552.43
1,552.43
$912.05
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$912.05
84.17
36.10
-------------120.27
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$912.05
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Rent or Lease
Land Cost / Ownership (100% Equity)
Property Taxes ($619.00 X 16.0% X 0.141)
Opportunity Interest on Land (100% X 6.0 X $619.00)
Water Assessment
0.00
0.00
13.98
13.98
37.14
15.00
-------------66.12
15.00
-------------Total Land Costs
28.98
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$883.07
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services ( 8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------156.92
113.96
-------------428.29
=============
=============
TOTAL COST
$1,581.41
$1,852.79
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$883.07
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
$4.88
$0.54
$5.42
$791.78
$725.65
$611.69
$4.88
$1.47
$6.35
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 37
Table 4C. Variable Operating Costs; Early Potatoes, 1998
COUNTY:Maricopa
CROP:
Potatoes, Early
AREA:
Roosevelt ID
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Nov
Nov
Nov
Nov
Nov
Nov
Dec
Dec
Dec
Jan
Jan
Jan
Jan
Feb
Apr
Apr
Apr
Apr
Apr
Apr
Apr
Apr
Apr
May
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
292.0 CW / Acre
---- Hours * ---Machine Labor
Rip
Plow
Disk
List
Buck Rows
Preirrigate
Mulch
Prep/Haul Seed Potato
Plant
Apply Herbicide/Ground
Hilling
Disk Ends
Irrigate/Run Fertilizer
Irrigate
Apply Insecticide/Air
Prepare Ends
Cut Vines
Prepare Ends
Knock Ditches
Roll Beds
Dig
Haul 10
Pk Shed Process/Cooling
Disk Residue
Pickup Use60 Mi/Acre
Operating Interest at 10.0
0.225
0.450
0.225
0.225
0.045
0.300
0.900
0.750
0.300
0.360
0.045
Page 17
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.250
0.500
0.250
0.250
0.050
0.377
0.333
2.000
1.666
0.333
0.400
0.050
0.658
0.658
2.86
6.51
3.43
2.02
0.23
2.35
9.96
15.30
3.16
3.04
0.48
2.44
4.87
2.44
2.44
0.49
3.68
3.25
9.75
16.24
3.25
3.90
0.49
6.41
6.41
7.67
756.11
4.95
38.16
13.42
25.64
4.75
0.045
0.750
0.045
0.045
0.129
0.900
1.800
0.225
2.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
12/10/98
0.050
0.833
0.050
0.050
0.143
2.000
4.000
10.00
0.250
0.48
6.64
0.24
0.23
0.65
31.57
14.07
3.43
15.29
0.49
8.12
0.49
0.49
1.39
19.50
38.42
97.48
2.44
Tot. Cash
Expense
Times
5.30
11.38
5.87
4.46
0.72
11.34
5.60
19.71
787.66
11.35
6.94
0.97
44.58
19.83
30.39
0.97
14.76
0.73
0.72
2.04
51.06
52.49
97.48
5.87
0.5
1.0
3.0
1.0
3.0
1.0
1.0
1.0
1.0
1.0
3.0
2.0
2.0
6.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
2.65
11.38
17.60
4.46
2.15
11.34
5.60
19.71
787.66
11.35
20.81
1.94
89.15
118.99
30.39
0.97
14.76
0.73
0.72
2.04
51.06
52.49
97.48
5.87
15.29
32.97
32.97
Class
L
L
L
L
G
G
L
L
L
G
L
G
G
G
G
H
G
H
G
L
H
H
P
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
141.65
294.12
37.54
951.19
1424.50
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 $15.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
885.24
Growing (G)
288.26
Harvest (H)
105.26
Post Harvest (P)
97.48
Marketing (M)
0.00
Operating Overhead (O)
48.26
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$6.33
$7.60
$8.44
$9.28
$10.55 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
219.0
262.8
292.0
321.2
27.47
304.73
274.23
606.93
438.73
808.41
603.24 1,009.88
489.56
828.74
1,054.85
1,280.97
674.40
1,050.54
1,301.30
1,552.06
951.65
1,383.24
1,670.97
1,958.70
155.78
140.47
122.42
6.20
5.29
4.83
4.45
$1,424.50
Break-even Yield
214.12
174.83
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 37
Table 4D. Resource and Cash Flow Requirements; Early Potatoes, 1998
COUNTY:Maricopa
CROP:
Potatoes, Early
AREA:
Roosevelt ID
Month *
Number
Irrigations
NOV P
1.0
DEC P
JAN C
1.0
FEB C
3.0
MAR C
2.0
APR C
2.0
MAY C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
9.0
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
292.0 CW / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
4.0
7.0
21.0
14.0
14.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.80
8.92
1.49
1.97
1.72
18.94
0.25
Page 18
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
7.67
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
14.68
30.75
6.74
13.42
40.25
26.83
26.83
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
12/10/98
16.35
47.92
14.54
12.83
10.31
189.55
2.44
2.95
74.63
3.35
15.29
58.16
29.69
24.75
32.97
38.70
834.79
64.38
77.82
40.10
321.40
5.79
15.29
32.97
37.72
2.65
1424.50
100.00
697.95
25.64
4.75
**
60.0
35.09
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
150.0
Total P
184.0
Total K
0.0
Total Labor
35.1
Total Water
60.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Roller, 4 Rw
0.13 Hr
Hiller, 4 Row
1.08 Hr
Offset Disk, 13.5'
0.14 Hr
Pickup Truck, 1/2 Ton
2.90 Hr
Power Mulcher, 4 Rw
0.30 Hr
Rowbuck, 10'
0.14 Hr
Tractor, 60 PTO HP,
2.41 Hr
V-Ripper, 5 Shnk
0.11 Hr
MATERIALS REQUIREMENT ( per Acre)
18-46-00, Dry
400.00 Lb
Paraquat
0.50 Ga
Water, District
60.00 AI
LABOR REQUIREMENT ( per Acre)
Cutter
4.00 Hr
Packer-Loader
10.00 Hr
115.00
8.07
141.65
9.94
294.12
20.63
138.24
9.70
697.95
49.00
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
40.7 Gal
Unleaded Gas
8.7 Gal
All Direct Energy
6.7 M BTU
Blade Scraper, 10'
Lister, 5 Bottom
Offset Disk, 16.5'
Planter, Potato 3 Comp. 4
Rolling Cultivator, 4 Rw
Saddle Tk Sprayer, 2 Tk 8
Tractor, 100 PTO HP,
Vegetable Trailer Flat Bed
20-0-0-45, Nitro-Sul
Potato Seed
Irrigators
Tractor
0.05
0.22
0.90
0.75
0.30
0.30
3.24
1.80
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Hr
40.00 Ga
30.00 C
5.64 Hr
9.95 Hr
Flat Trailer
Moldboard Plow, 4-16 2
Offset Disk, 8'
Potato Harvester, 4 Row
Root Cutter-Puller, 4 Row
Tractor, 50 PTO HP,
Tractor, 150 PTO HP,
0.90
0.45
0.05
0.90
0.75
0.05
2.36
Hr
Hr
Hr
Hr
Hr
Hr
Hr
Carbaryl
Trifluralin
2.00 Pt
1.50 Pt
Other
5.50 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $15.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 37
Table 4E. Schedule of Operations; Early Potatoes, 1998
COUNTY:Maricopa
CROP:
Potatoes, Early
AREA:
Roosevelt ID
First
No.Month Times
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
292.0 CW / Acre
Operation
Rip
Plow
Disk
List
Buck Rows
Preirrigate
Mulch
Prep/Haul Seed Potato
Page 19
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
8
Nov
Nov
Nov
Nov
Nov
Nov
Dec
Dec
0.5
1.0
3.0
1.0
3.0
1.0
1.0
1.0
9
Dec
1.0 Plant
10
Jan
11
12
13
Jan
Jan
Jan
1.0 Apply Herbicide/Ground 100 Saddle Tk Sprayer, 2 Tk 8
Rolling Cultivator, 4 Rw
3.0 Hilling
100 Hiller, 4 Row
2.0 Disk Ends
100 Offset Disk, 13.5'
2.0 Irrigate/Run Fertilizer
14
15
Feb
Apr
6.0 Irrigate
1.0 Apply Insecticide/Air
CST Air Spray, 5 Gal Mix
16
17
18
19
20
21
Apr
Apr
Apr
Apr
Apr
Apr
1.0
1.0
1.0
1.0
1.0
1.0
100 Offset Disk, 13.5'
100 Root Cutter-Puller, 4 Row
50 Offset Disk, 8'
60 Blade Scraper, 10'
60 Bed Roller, 4 Rw
150 Potato Harvester, 4 Row
22
Apr
1.0 Haul
60 Vegetable Trailer Flat Bed
0.50
23
24
Apr
May
1.0 Pk Shed
1.0 Disk Residue
Pickup use 60 Mi/Ac
150 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
0.10
4.00
0.50
Prepare Ends
Cut Vines
Prepare Ends
Knock Ditches
Roll Beds
Dig
150 V-Ripper, 5 Shnk
150 Moldboard Plow, 4-16 2
150 Offset Disk, 16.5'
100 Lister, 5 Bottom
60 Rowbuck, 10'
Job Rate
Acres/Hr
60 Power Mulcher, 4 Rw
Pickup Truck, 1/2 Ton
100 Planter, Potato 3 Comp. 4
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
12/10/98
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
4.00
2.00
4.00
4.00
20.00
2.65 Water, District
3.00
1.00
1.20 Potato Seed
18-46-00, Dry
3.00 Trifluralin
2.50
20.00
1.52 Water, District
20-0-0-45, Nitro-Sul
1.52 Water, District
Carbaryl
Paraquat
20.00
1.20
20.00
20.00
7.00
1.00
4.00 AI
7.00
20.00
7.00
2.00
0.50
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Cutter
Tractor
23.00 AF
30.00 C 22.00 CW
400.00 Lb 275.00 Tn
1.50 Pt 24.95 Ga
AI 23.00 AF
Ga 240.00 Tn
AI 23.00 AF
Pt 25.00 Ga
Ga 36.00 Ga
Labor
Type
Other
Tractor
Tractor
Tractor
Irrigators
Irrigators
4.75 Ac
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Other
Tractor
Other
Packer-Loa
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 11 / 37