Table 3A. Income and Cash Operating Summary; Fall Iceberg Lettuce, 1998
COUNTY: Maricopa
CROP:
Lettuce, Iceberg
AREA:
Salt River Project
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
297.0 Ct / Acre
Item
INCOME ⇒
Lettuce
Page 10
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Potatoes, Early
Unit
Quantity
Crtn
297.00
Price/
Unit
$8.63
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
Repairs and Maintenance
Budgeted
/Acre
$2,563.11
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
Total
/Acre
Your Farm
Budget
$2,563.11
____________
174.25
____________
____________
____________
____________
310.06
____________
____________
____________
____________
____________
41.80
____________
____________
____________
20.00
____________
179.52
____________
____________
____________
44.63
112.08
17.55
108.58
178.01
19.20
4.26
15.96
25.84
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
101.52
78.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------725.64
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
0.32
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.18
0.30
Custom Harvest/Post Harvest
Other Materials
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
0.32
____________
____________
0.48
____________
____________
____________
712.80
276.39
-------------989.99
15.29
11.74
____________
____________
=============
===================
$1,742.66
$820.45
____________
____________
____________
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $10.00 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 / 70
Table 3B. Allocations of Ownership Costs; Fall Iceberg Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Iceberg
AREA:
Salt River Project
Page 11
FARM: Maricopa Veg 98
WATER SOURCE:
Salt River Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
297.0 Ct / Acre PREVIOUS CROP:
Potatoes, Early
Item
TOTAL INCOME at
$8.63 / Ct
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,563.11
$1,742.66
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,563.11
$1,742.66
$820.45
4.82
87.13
52.28
-------------144.23
$820.45
4.82
87.13
52.28
-------------144.23
1,886.89
1,886.89
$676.22
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$676.22
26.32
13.28
-------------39.60
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$676.22
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
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
6.99
6.99
18.57
10.00
-------------35.56
10.00
-------------Total Land Costs
16.99
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$659.23
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services ( 8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------161.22
139.41
-------------358.81
=============
=============
TOTAL COST
$1,903.88
$2,101.47
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$659.23
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
$636.62
$5.87
$0.54
$6.41
$601.06
$461.64
$5.87
$1.21
$7.08
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 70
Table 3C. Variable Operating Costs; Fall Iceberg Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Iceberg
AREA:
Salt River Project
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Jun
Jun
Jun
Aug
Aug
Aug
Aug
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Oct
Nov
Nov
Dec
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
297.0 Ct / Acre
---- Hours * ---Machine Labor
Rip
Plow
Disk
Laser Level
Soil Fertility
Apply Fert/Ground
List
Mulch
Plant
Apply Insect./Ground
Apply Herbicide/Ground
Set Sprinklers
Irrigate/Sprinkler
Remove Sprinklers
Buck Rows
Irrigate/Run Fertilizer
Irrigate
Disk Ends
Apply Insect./Ground
Thinning
Cultivate
Apply Insect./Ground
Apply Insect./Ground
Prepare Ends
Harvest, Load & Haul 297
Disk Residue 297 Ct
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Page 12
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Potatoes, Early
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.225
0.450
0.150
0.450
0.250
0.500
0.167
0.500
2.86
6.51
2.44
5.55
2.44
4.87
1.63
4.87
0.150
0.225
0.300
0.360
0.150
0.225
0.158
0.167
0.250
0.333
0.800
0.167
0.250
0.350
1.000
0.350
0.050
0.943
0.667
0.050
0.167
0.93
2.90
2.62
4.75
1.02
1.40
0.90
1.63
2.44
3.25
7.80
1.63
2.44
3.41
9.75
3.41
0.49
9.19
6.50
0.49
1.63
3.00
0.158
0.045
0.045
0.150
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
0.90
0.27
0.34
1.02
63.05
101.52
78.22
19.20
15.18
5.00
11.48
75.00
0.300
0.015
0.015
0.030
0.333
0.017
0.017
0.033
2.08
0.09
0.09
0.49
3.25
0.17
0.17
0.31
0.150
2.000
0.167
2.44
15.29
1.63
17.13
19.44
712.80
276.39
Tot. Cash
Expense
Times
5.30
11.38
4.07
10.42
3.00
65.61
5.34
5.87
114.07
80.86
23.04
4.31
9.75
4.31
0.76
24.37
11.50
0.83
14.13
75.00
5.33
17.38
19.69
0.80
989.19
4.07
0.5
1.0
3.0
0.5
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
6.0
1.0
2.0
3.0
4.0
2.0
1.0
1.0
2.0
2.0
3.0
1.0
1.0
1.0
2.65
11.38
12.21
5.21
3.00
65.61
5.34
5.87
114.07
80.86
23.04
4.31
58.49
4.31
1.51
73.10
46.01
1.66
14.13
75.00
10.66
34.76
59.07
0.80
989.19
4.07
15.29
11.74
11.74
Class
L
L
L
L
G
G
L
L
L
G
G
G
G
G
G
G
G
G
G
G
G
G
G
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
63.16
168.99
802.54
707.97
1742.66
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 $10.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
160.79
Growing (G)
564.85
Harvest (H)
989.99
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
27.03
=============
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$6.47
$7.77
$8.63
$9.49
$10.79 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
222.8
267.3
297.0
326.7
-43.95
95.90
189.13
282.36
244.40
441.92
573.60
705.28
436.63
672.60
829.91
987.22
628.86
903.28
1,086.22
1,269.16
917.21
1,249.30
1,470.69
1,692.08
236.75
167.63
140.32
120.66
99.70
6.67
6.11
5.84
5.61
$1,742.66
Break-even Yield
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 70
Table 3D. Resource and Cash Flow Requirements; Fall Iceberg Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Iceberg
AREA:
Salt River Project
Month *
Number
Irrigations
JUN C
AUG C
SEP C
8.0
OCT C
3.0
NOV C
2.0
DEC C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
13.0
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
297.0 Ct / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
18.0
18.0
12.0
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Potatoes, Early
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
0.96
0.83
11.54
2.76
1.64
0.17
Page 13
5.00
10.00
5.00
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
11.53
11.52
15.17
6.78
0.48
2.39
15.29
8.94
20.50
82.72
39.18
16.02
1.63
63.05
160.65
71.18
15.18
11.74
20.47
98.07
440.06
127.14
1025.87
4.02
15.29
11.74
802.54
46.05
1742.66
100.00
101.52
3.00
75.00
276.39
712.80
**
48.0
17.91
20.00
1.15
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
204.3
Total P
157.5
Total K
22.5
Total Labor
17.9
Total Water
48.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Shaper, 4 Rw
0.36 Hr
Drag Scraper, 14'
0.22 Hr
Laser, Complete System
0.22 Hr
Offset Disk, 10.5'
0.09 Hr
Planter, Stanhay, 4 Row
0.36 Hr
Sprinkler Trailer
0.32 Hr
V-Ripper, 5 Shnk
0.11 Hr
63.16
9.70
168.99
17.79
310.06
17.79
377.91
21.69
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
20.0 Gal
Unleaded Gas
6.0 Gal
All Direct Energy
3.6 M BTU
Cultivator, Sweep, 4 Rw
Fertilizer Broadcaster,
Lister, 5 Bottom
Offset Disk, 18'
Power Mulcher, 4 Rw
Tractor, 60 PTO HP
MATERIALS REQUIREMENT ( per Acre)
10-35-05, Dry
450.00 Lb
BT
10.00 Lb
Imidacloprid
16.00 Oz
Permethrin
12.00 Oz
32-00-00, URAN 32, Lqd
Fenvalerate
Lettuce Cartons
Surfactant (spreader)
LABOR REQUIREMENT ( per Acre)
Irrigators
11.50 Hr
Other
0.60
0.38
0.22
0.63
0.30
2.43
Hr
Hr
Hr
Hr
Hr
Hr
Directed Spray Rig, 8
High Clearance Sprayer,
Moldboard Plow, 4-16 2
Pickup Truck, 1/2 Ton
Rowbuck, 10'
Tractor, 150 PTO HP,
45.00
15.00
297.00
2.00
Ga
Oz
Ct
Pt
Benefin
Head Lettuce Sd
Methomyl
Water, District
1.80 Hr
Tractor
0.30
0.07
0.45
2.00
0.09
1.64
Hr
Hr
Hr
Hr
Hr
Hr
2.00
160.00
10.00
48.00
Pt
Th
Pt
AI
4.61 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $10.00 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 / 70
Table 3E. Schedule of Operations; Fall Iceberg Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Iceberg
AREA:
Salt River Project
First
No.MonthTimes
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
297.0 Ct / Acre
Operation
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Potatoes, Early
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
Jun
Jun
Jun
Aug
0.5
1.0
3.0
0.5
Rip
Plow
Disk
Laser Level
150 V-Ripper, 5 Shnk
150 Moldboard Plow, 4-16 2
150 Offset Disk, 18'
150 Drag Scraper, 14'
Laser, Complete System
Soil Fertility
CST Soil Analysis (Surface)
Apply Fert/Ground
60 Fertilizer Broadcaster,
List
150 Lister, 5 Bottom
Mulch
60 Power Mulcher, 4 Rw
Plant
60 Planter, Stanhay, 4 Row
Bed Shaper, 4 Rw
Apply Insect./Ground
60 Directed Spray Rig, 8 Row
Apply Herbicide/Ground60 Fertilizer Broadcaster,
Set Sprinklers
60 Sprinkler Trailer
5
6
7
8
9
Aug
Aug
Aug
Sep
Sep
1.0
1.0
1.0
1.0
1.0
10
11
12
Sep
Sep
Sep
1.0
1.0
1.0
13
14
Sep
Sep
6.0 Irrigate/Sprinkler
1.0 Remove Sprinklers
15
16
Sep
Sep
2.0 Buck Rows
3.0 Irrigate/Run Fertilizer
17
18
19
20
21
22
Sep
Sep
Sep
Sep
Sep
Sep
4.0
2.0
1.0
1.0
2.0
2.0
23
Oct
3.0 Apply Insect./Ground
High Clearance Sprayer, 18
24
25
26
Nov
Nov
Dec
1.0 Prepare Ends
1.0 Harvest, Load & Haul
1.0 Disk Residue
Pickup use 60 Mi/Ac
150 Offset Disk, 18'
CST Harvest-Load-Haul
150 Offset Disk, 18'
Pickup Truck, 1/2 Ton
Irrigate
Disk Ends
Apply Insect./Ground
Thinning
Cultivate
Apply Insect./Ground
Page 14
60 Sprinkler Trailer
60 Rowbuck, 10'
60 Offset Disk, 10.5'
60 Directed Spray Rig, 8 Row
CST Thinning
60 Cultivator, Sweep, 4 Rw
High Clearance Sprayer, 18
Job Rate
Acres/Hr
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
4.00
2.00
6.00
2.00
Labor
Type
Tractor
Tractor
Tractor
Tractor
3.00 Ac
6.00 10-35-05, Dry
4.00
3.00
2.50 Head Lettuce Sd
6.00 Imidacloprid
4.00 Benefin
5.70
1.00 Water, District
5.70
20.00
1.06 Water, District
32-00-00, URAN 32,
1.50 Water, District
20.00
6.00 Permethrin
450.00 Lb 265.00 Tn
160.00 Th
Tractor
Tractor
Tractor
Tractor
Other
Tractor
Tractor
Tractor
Other
Irrigators
Tractor
Other
Tractor
Irrigators
0.60 Th
16.00 Oz 591.67 Ga
2.00 Pt
9.08 Ga
1.00 AI
0.00 AF
6.00 AI
0.00 AF
15.00 Ga 173.00 Tn
6.00 AI 10.00 AF
Irrigators
Tractor
Tractor
12.00 Oz 115.83 Ga
75.00 Ac
3.00
60.00 Methomyl
BT
Surfactant (spreader)
60.00 Fenvalerate
Methomyl
BT
30.00
Lettuce Cartons
6.00
0.50
2.00
2.00
1.00
5.00
2.00
2.00
Tractor
Tractor
Pt 49.05 Ga
Lb
0.96 Lb
Pt 16.13 Ga
Oz 107.50 Ga
Pt 49.05 Ga
Lb
0.96 Lb
Tractor
Tractor
297.00 Ct
0.88
Ct
2.40 Ct
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 / 70