Table 19A. Income and Cash Operating Summary; Fall Leaf Lettuce, 1998
COUNTY: Maricopa
CROP:
Lettuce, Leaf
AREA:
Salt River Project
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
333.0 Ct / Acre
Item
INCOME ⇒
Lettuce
Page 90
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Mixed Greens
Unit
Quantity
Crtn
333.00
Price/
Unit
$17.29
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
$5,757.57
86.03
137.78
103.48
94.63
50.39
20.23
40.18
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
304.56
75.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
Total
/Acre
Your Farm
Budget
$5,757.57
____________
223.81
____________
____________
____________
248.50
____________
____________
____________
____________
60.41
____________
____________
____________
18.33
____________
379.56
____________
____________
____________
-------------930.61
____________
CASH HARVEST AND POST HARVEST EXPENSES
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
999.00
316.93
-------------1315.93
____________
____________
12.74
13.74
____________
____________
=============
$2,273.03
$3,484.54
____________
===================
____________
____________
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 / 227
Table 19B. Allocations of Ownership Costs; Fall Leaf Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Leaf
AREA:
Salt River Project
Page 91
FARM: Maricopa Veg 98
WATER SOURCE:
Salt River Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
333.0 Ct / Acre PREVIOUS CROP:
Mixed Greens
Item
TOTAL INCOME at
$17.29 / Ct
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$5,757.57
$2,273.03
$3,484.54
7.58
113.65
68.19
-------------189.42
2,462.45
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$5,757.57
$2,273.03
7.58
113.65
68.19
-------------189.42
$3,295.12
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
2,462.45
6.99
TOTAL OWNERSHIP COST
-------------206.41
181.84
-------------468.92
=============
=============
TOTAL COST
$2,479.44
$2,741.95
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$3,278.13
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
$3,233.02
6.99
18.57
10.00
-------------35.56
10.00
-------------Total Land Costs
16.99
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$3,278.13
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services ( 8% of Total Operation Expenses)
$3,295.12
43.78
18.32
-------------62.10
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$3,295.12
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
$3,484.54
$6.83
$0.62
$7.45
$3,197.46
$3,015.62
$6.83
$1.41
$8.23
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 227
Table 19C. Variable Operating Costs; Fall Leaf Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Leaf
AREA:
Salt River Project
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Aug
Aug
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Oct
Oct
Oct
Nov
Nov
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
333.0 Ct / Acre
---- Hours * ---Machine Labor
Plow
Disk
Laser Level
Make Borders
Preirrigate
Knock Borders
Apply Fert/Ground
List
Shape Beds
Plant
Apply Herbicide/Ground
Make Ditches
Irrigate
Cultivate
Thinning
Apply Insect./Ground
Apply Fert/Side Dress
Apply Insect./Ground
Harvest, Load & Haul 333
Disk Residue 333 Ct
Pickup Use50 Mi/Acre
Operating Interest at 10.0
0.900
0.600
0.450
0.180
Page 92
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Mixed Greens
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
7.54
4.91
4.50
0.51
0.900
1.000
0.667
0.500
0.200
0.800
0.200
0.500
0.333
0.200
0.400
0.200
0.025
1.333
1.000
4.75
9.75
6.50
4.87
1.95
7.80
1.95
4.87
3.25
1.95
3.90
1.95
0.24
13.00
9.75
0.180
0.900
0.180
0.200
1.000
0.200
0.83
9.07
0.96
1.95
9.75
1.95
0.600
1.667
0.667
4.42
12.74
6.50
73.73
223.23
0.180
0.450
0.300
0.180
0.360
0.180
0.023
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
0.51
3.73
2.08
1.36
4.34
0.96
0.32
65.43
78.22
304.56
50.39
1.83
75.00
999.00
TOTAL CASH OPERATING EXPENSES (includes all times over):
3.44
38.05
6.48
316.93
17.29
11.41
9.37
2.46
7.80
2.46
74.04
5.33
81.53
312.80
53.30
0.57
14.83
14.50
75.00
6.22
56.86
9.40
1315.93
10.92
Tot. Cash
Expense
Times
1.0
3.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
10.0
1.0
1.0
1.0
1.0
2.0
1.0
1.0
17.29
34.22
9.37
2.46
7.80
2.46
74.04
5.33
81.53
312.80
53.30
0.57
148.31
14.50
75.00
6.22
56.86
18.79
1315.93
10.92
12.74
13.74
13.74
1087.74
=============
888.33
2273.03
Class
L
L
L
G
G
G
G
L
L
L
G
G
G
G
G
G
G
G
H
L
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)
471.46
Growing (G)
459.16
Harvest (H)
1,315.93
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
26.48
=============
Total (T)
$2,273.03
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$12.97
$15.56
$17.29
$19.02
$21.61 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
249.8
299.7
333.0
366.3
416.3
Break-even Yield
1,293.40
1,743.74
2,043.96
2,344.19
2,794.53
1,941.13
2,521.01
2,907.60
3,294.19
3,874.07
2,372.95
3,039.19
3,483.36
3,927.52
4,593.77
2,804.77
3,557.38
4,059.11
4,560.85
5,313.46
3,452.49
4,334.65
4,922.75
5,510.85
6,393.01
106.29
82.54
71.84
63.60
54.26
7.79
7.15
6.83
6.57
6.25
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 227
Table 19D. Resource and Cash Flow Requirements; Fall Leaf Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Leaf
AREA:
Salt River Project
Month *
Number
Irrigations
AUG C
SEP C
4.0
OCT C
4.0
NOV C
3.0
Pickup Use50 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
11.0
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
333.0 Ct / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
18.0
16.0
12.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
2.33
9.02
6.93
4.67
Page 93
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Mixed Greens
8.33
10.00
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
12.21
33.75
10.71
4.32
12.74
16.25
141.06
46.42
19.50
194.04
54.46
22.96
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
209.8
Total P
207.0
Total K
0.0
Total Labor
23.0
Total Water
46.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Shaper, 4 Rw
0.18 Hr
Drag Scraper, 10'
0.45 Hr
Lister, 5 Bottom
0.30 Hr
Motor Grader, 12'
0.02 Hr
Pickup Truck, 1/2 Ton
1.67 Hr
Tractor, 25 PTO HP
0.36 Hr
Tractor, 125 PTO HP,
0.45 Hr
18.33
0.81
73.73
3.24
223.23
9.82
248.50
10.93
1087.74
47.85
2273.03
100.00
75.00
316.93
999.00
**
46.0
13.74
28.46
748.41
119.92
1349.75
12.74
13.74
304.56
621.49
27.34
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
25.1 Gal
Unleaded Gas
5.0 Gal
All Direct Energy
4.1 M BTU
Border Disk, 6' Disk
Fert. Side Dress Unit,
Manual Spray Rig, 150 g
Offset Disk, 10.5'
Planter, Stanhay, 4 Row
Tractor, 50 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
18-46-00, Dry
450.00 Lb
Boxes for Leaf Lettuce
333.00 Ct
Leaf Lettuce Sd (coated)
800.00 Th
46-00-00, Urea 46
Diazinon
Methomyl
LABOR REQUIREMENT ( per Acre)
Irrigators
14.13 Hr
Tractor
0.36
1.35
0.18
0.60
0.36
2.97
Hr
Hr
Hr
Hr
Hr
Hr
280.00 Lb
1.00 Pt
2.00 Pt
Cultivator, Sweep, 4 Rw
Laser, Complete System
Moldboard Plow, 3-16 2
Offset Disk, 12'
Saddle Tk Sprayer, 2 Tk 8
Tractor, 70 PTO HP,
Bensulide
Imidacloprid
Water, District
1.80
0.45
0.90
1.80
0.72
4.14
Hr
Hr
Hr
Hr
Hr
Hr
10.00 Pt
16.00 Oz
46.00 AI
8.83 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 / 227
Table 19E. Schedule of Operations; Fall Leaf Lettuce, 1998
COUNTY:Maricopa
CROP:
Lettuce, Leaf
AREA:
Salt River Project
First
No.Month Times
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
333.0 Ct / Acre
Operation
1
2
3
Aug
Aug
Sep
1.0 Plow
3.0 Disk
1.0 Laser Level
4
5
6
7
8
9
Sep
Sep
Sep
Sep
Sep
Sep
1.0
1.0
1.0
1.0
1.0
1.0
10
11
12
13
14
15
16
17
Sep
Sep
Sep
Sep
Sep
Sep
Oct
Oct
1.0
1.0
1.0
10.0
1.0
1.0
1.0
1.0
18
19
20
Oct
Nov
Nov
2.0
1.0
1.0
Make Borders
Preirrigate
Knock Borders
Apply Fert/Ground
List
Shape Beds
Page 94
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Mixed Greens
Equipment/ Custom Oper
HP Self-Prop./ Implement
70 Moldboard Plow, 3-16 2
70 Offset Disk, 12'
125 Drag Scraper, 10'
Laser, Complete System
25 Border Disk, 6' Disk
25 Border Disk, 6' Disk
50 Fert. Side Dress Unit, 4Row
70 Lister, 5 Bottom
70 Bed Shaper, 4 Rw
Saddle Tk Sprayer, 2 Tk 8 Row
Plant
70 Planter, Stanhay, 4 Row
Apply Herbicide/Ground 50 Saddle Tk Sprayer, 2 Tk 8
Make Ditches
Motor Grader, 12'
Irrigate
Cultivate
50 Cultivator, Sweep, 4 Rw
Thinning
CST Thinning
Apply Insect./Ground
50 Manual Spray Rig, 150 g on
Apply Fert/Side Dress 50 Cultivator, Sweep, 4 Rw
Fert. Side Dress Unit, 4Row
Apply Insect./Ground
50 Saddle Tk Sprayer, 2 Tk 8
Harvest, Load & Haul CST Harvest Leaf Lettuce
Disk Residue
70 Offset Disk, 10.5'
Pickup use 50 Mi/Ac
Pickup Truck, 1/2 Ton
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
1.00
1.50
2.00
5.00
1.25 Water, District
5.00
2.00 18-46-00, Dry
3.00
5.00 Imidacloprid
2.50 Leaf Lettuce Sd
5.00 Bensulide
40.00
0.75 Water, District
1.00
Labor
Type
Tractor
Tractor
Tractor
6.00 AI
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
0.00 AF
450.00 Lb 275.00 Tn
16.00 Oz 591.67 Ga
800.00 Th
10.00 Pt
0.36 Th
38.12 Ga
4.00 AI
5.50 AF
Tractor
Tractor
Tractor
Irrigators
Tractor
75.00 Ac
5.00 Diazinon
1.00 46-00-00, Urea 46
1.00 Pt 26.06 Ga
280.00 Lb 257.00 Tn
5.00 Methomyl
Boxes for Leaf Lettuce
1.50
0.60
1.00 Pt
333.00 Ct
49.05 Ga
0.90 Ct
Tractor
Tractor
Tractor
3.00 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 / 227