Table 6A. Income and Cash Operating Summary; Spinach, 1998
COUNTY: Maricopa
CROP:
Spinach
AREA:
Salt River Project
INCOME ⇒
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
487.0 Ct / Acre
Page 25
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Item
Unit
Quantity
Spinach
Crtn
487.00
Price/
Unit
$7.78
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
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
Budgeted
/Acre
$3,788.86
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
Total
/Acre
Your Farm
Budget
$3,788.86
____________
133.73
____________
____________
____________
____________
151.85
____________
____________
____________
43.79
____________
____________
____________
10.00
____________
264.12
____________
____________
____________
68.74
58.49
6.50
127.96
23.90
17.37
26.42
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
186.12
78.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------603.50
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
0.49
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
0.09
0.14
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
0.49
____________
____________
0.23
____________
____________
____________
1582.75
695.25
-------------2278.73
7.64
9.04
____________
____________
=============
===================
$2,898.91
$889.95
____________
____________
____________
____________
____________
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 / 169
Table 6B. Allocations of Ownership Costs; Spinach, 1998
COUNTY:Maricopa
CROP:
Spinach
AREA:
Salt River Project
Page 26
FARM: Maricopa Veg 98
WATER SOURCE:
Salt River Project
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
487.0 Ct / Acre PREVIOUS CROP:
Watermelons
Item
TOTAL INCOME at
$7.78 / Ct
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$3,788.86
$2,898.91
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$3,788.86
$2,898.91
$889.95
5.26
144.95
86.97
-------------237.17
5.26
144.95
86.97
-------------237.17
3,136.08
RETURNS OVER CASH OPER. AND OVER. EXPENSES
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$889.95
3,136.08
$652.78
$652.78
28.59
13.18
-------------41.77
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$652.78
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 ---------------------------------------->
$635.79
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services ( 8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------254.16
231.91
-------------546.42
=============
=============
TOTAL COST
$3,153.07
$3,445.32
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$635.79
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
$611.01
$5.95
$0.52
$6.47
$575.45
$343.54
$5.95
$1.12
$7.07
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 169
Table 6C. Variable Operating Costs; Spinach, 1998
COUNTY:Maricopa
CROP:
Spinach
AREA:
Salt River Project
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Aug
Aug
Aug
Aug
Aug
Sep
Sep
Sep
Sep
Sep
Sep
Oct
Oct
Oct
Oct
Oct
Nov
Nov
Dec
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
487.0 Ct / Acre
---- Hours * ---Machine Labor
Plow
Disk
Laser Level
Soil Fertility
Apply Fert/Ground
List
Mulch
Plant
Buck Rows
Irrigate
Disk Ends
Apply Insect./Ground
Cultivate
Apply Fert/Ground
Apply Insect./Ground
Hand Weeding
Prepare Ends
Harvest, Load & Haul 487
Disk Residue 487 Ct
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Page 27
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.900
0.600
0.450
1.000
0.667
0.500
7.54
4.01
5.55
9.75
6.50
4.87
0.090
0.300
0.300
0.600
0.045
0.72
2.08
2.53
4.04
0.19
0.045
0.090
0.600
0.450
0.090
0.100
0.333
0.333
1.334
0.050
1.000
0.050
0.100
0.667
0.500
0.100
0.27
0.46
2.83
3.73
0.46
0.97
3.25
3.25
13.00
0.49
9.75
0.49
0.97
6.50
4.87
0.97
0.045
0.050
0.24
0.49
0.450
1.000
0.500
3.01
7.64
4.87
3.00
47.72
186.12
1.67
9.73
32.52
14.17
75.00
1582.75
695.25
Tot. Cash
Expense
Times
17.29
10.52
10.42
3.00
49.41
5.33
5.78
203.17
0.68
11.42
0.76
11.16
9.33
41.12
15.61
75.00
0.73
2278.00
7.88
1.0
3.0
0.5
1.0
2.0
1.0
1.0
1.0
4.0
6.0
4.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
17.29
31.55
5.21
3.00
98.82
5.33
5.78
203.17
2.73
68.49
3.03
11.16
9.33
41.12
15.61
75.00
0.73
2278.00
7.88
7.64
9.04
9.04
Class
L
L
L
G
G
L
L
L
G
G
G
G
G
G
G
G
H
H
L
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
52.67
133.22
1669.79
1043.23
2898.91
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)
276.21
Growing (G)
327.29
Harvest (H)
2,278.73
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
16.68
=============
Total (T)
$2,898.91
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$5.84
$7.00
$7.78
$8.56
$9.73 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
365.3
438.3
487.0
535.7
608.8
Break-even Yield
-199.02
-114.58
-58.29
-1.99
82.44
227.23
396.92
510.04
623.17
792.85
511.40
737.92
888.93
1,039.94
1,266.46
795.56
1,078.91
1,267.81
1,456.72
1,740.07
1,221.81
1,590.41
1,836.14
2,081.88
2,450.48
537.43
267.43
200.33
160.15
123.11
6.38
6.10
5.95
5.84
5.70
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 11 / 169
Table 6D. Resource and Cash Flow Requirements; Spinach, 1998
COUNTY:Maricopa
CROP:
Spinach
AREA:
Salt River Project
Month *
Number
Irrigations
AUG C
SEP C
2.0
OCT C
3.0
NOV C
1.0
DEC C
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
6.0
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
487.0 Ct / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
12.0
18.0
6.0
Page 28
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
3.35
4.30
4.57
1.05
0.50
5.00
5.00
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
12/10/98
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
20.93
13.14
7.79
0.23
2.94
7.64
37.76
45.87
34.49
10.24
4.87
47.72
47.72
56.41
3.00
9.07
109.41
292.85
178.69
2293.47
7.81
7.64
9.07
1669.79
57.60
2898.91
100.00
186.12
695.25
75.00
1582.75
**
36.0
13.77
10.00
0.34
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
156.0
Total P
150.0
Total K
0.0
Total Labor
13.8
Total Water
36.0
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Shaper, 4 Rw
0.60 Hr
Drag Scraper, 14'
0.22 Hr
Laser, Complete System
0.22 Hr
Offset Disk, 10.5'
0.18 Hr
Planter, Planet Jr, 4
0.60 Hr
Tractor, 50 PTO HP,
1.63 Hr
Tractor, 150 PTO HP,
0.22 Hr
52.67
1.82
134.22
4.60
151.85
5.24
881.37
30.40
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
21.6 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
3.4 M BTU
Cultivator, Sweep, 3 Rw
Fert. Side Dress Unit,
Lister, 5 Bottom
Offset Disk, 8'
Power Mulcher, 4 Rw
Tractor, 70 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
15-00-00, Cal. Nit.
240.00 Lb
Methomyl
1.50 Pt
Water, District
36.00 AI
16-20-00, Dry
Permethrin
Waxed Cartons
LABOR REQUIREMENT ( per Acre)
Irrigators
6.00 Hr
Other
0.60
0.45
0.30
2.30
0.30
4.35
Hr
Hr
Hr
Hr
Hr
Hr
750.00 Lb
10.00 Oz
487.00 Ct
0.67 Hr
Directed Spray Rig, 8
Fertilizer Broadcaster,
Moldboard Plow, 3-16 2
Pickup Truck, 1/2 Ton
Rowbuck, 10'
Tractor, 100 PTO HP,
Endosulfan
Spinach Seed (Hyb)
Tractor
0.18
0.18
0.90
1.00
0.18
0.18
Hr
Hr
Hr
Hr
Hr
Hr
1.00 Pt
22.00 Lb
7.10 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 / 169
Table 6E. Schedule of Operations; Spinach, 1998
COUNTY:Maricopa
CROP:
Spinach
AREA:
Salt River Project
First
No.Month Times
FARM: Maricopa Veg 98
ACRES:
1.0
YIELD:
487.0 Ct / Acre
Operation
1
2
3
Aug
Aug
Aug
1.0 Plow
3.0 Disk
0.5 Laser Level
4
5
6
7
8
Aug
Aug
Sep
Sep
Sep
1.0
2.0
1.0
1.0
1.0
Soil Fertility
Apply Fert/Ground
List
Mulch
Plant
9
10
11
12
13
14
15
Sep
Sep
Sep
Oct
Oct
Oct
Oct
4.0
6.0
4.0
1.0
1.0
1.0
1.0
Buck Rows
Irrigate
Disk Ends
Apply Insect./Ground
Cultivate
Apply Fert/Ground
Apply Insect./Ground
16
17
18
19
Oct
Nov
Nov
Dec
1.0
1.0
1.0
1.0
Hand Weeding
Prepare Ends
Harvest, Load & Haul
Disk Residue
Pickup use 30 Mi/Ac
Page 29
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Equipment/ Custom Oper
HP Self-Prop./ Implement
70 Moldboard Plow, 3-16 2
70 Offset Disk, 8'
150 Drag Scraper, 14'
Laser, Complete System
CST Soil Analysis (Surface)
100 Fertilizer Broadcaster,
70 Lister, 5 Bottom
70 Power Mulcher, 4 Rw
70 Planter, Planet Jr, 4 Unit/2R
Bed Shaper, 4 Rw
50 Rowbuck, 10'
50 Offset Disk, 10.5'
50 Directed Spray Rig, 8 Row
50 Cultivator, Sweep, 3 Rw
50 Fert. Side Dress Unit, 4Row
50 Directed Spray Rig, 8 Row
CST Hand Weeding
50 Offset Disk, 8'
CST Harvest Spinach
70 Offset Disk, 8'
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
Labor
Type
Tractor
Tractor
Tractor
3.00 Ac
10.00 16-20-00, Dry
3.00
3.00
1.50 Spinach Seed (Hyb)
20.00
1.00
20.00
10.00
1.50
2.00
10.00
375.00 Lb 240.67 Tn
22.00 Lb
8.00 Lb
Water, District
6.00 AI
3.33 AF
Methomyl
1.50 Pt
49.05 Ga
15-00-00, Cal. Nit.
Permethrin
Endosulfan
Tractor
Tractor
Tractor
Tractor
Other
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
Tractor
240.00 Lb 256.25 Tn
10.00 Oz 115.83 Ga
1.00 Pt 34.80 Ga
75.00 Ac
20.00
Tractor
Waxed Cartons
2.00
1.00
487.00 Ct
1.35
Ct
3.25 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 / 169