Table 23A. Income and Cash Operating Summary; Spring Turnips, 1999
COUNTY: Maricopa
CROP:
Turnips
AREA:
Roosevelt ID
FARM: Maricopa Vegetable
ACRES:
1.0
YIELD:
513.0 Ct / Acre
Item
INCOME ⇒
Turnips
Page 110
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Safflower
Unit
Quantity
Crtn
513.00
Price/
Unit
$7.16
CASH LAND PREPARATION AND GROWING EXPENSES (including sales tax)
Paid Labor (including benefits)
Tractor/Self Propelled
Irrigation
Other/ Contract
Budgeted
/Acre
$3,673.08
Total
/Acre
Your Farm
Budget
$3,673.08
____________
134.83
____________
____________
____________
____________
79.86
____________
____________
____________
____________
42.04
____________
____________
____________
80.50
____________
42.93
____________
____________
____________
48.26
81.70
4.87
Chemicals and Custom Applications
Fertilizer
Insecticide
Herbicide
63.59
12.97
3.30
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
16.30
25.75
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
8/9/99
39.93
3.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------380.15
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Other/Contract
97.48
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
97.48
____________
____________
896.00
388.79
-------------1382.27
____________
____________
7.64
3.90
____________
____________
=============
$1,773.97
$1,899.11
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $7.50 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 12 / 175
Table 23B. Allocations of Ownership Costs; Spring Turnips, 1999
COUNTY:Maricopa
CROP:
Turnips
AREA:
Roosevelt ID
Item
TOTAL INCOME at
Page 111
FARM: Maricopa Vegetable
WATER SOURCE:
Roosevelt Irrigation
ACRES:
1.0
IRRIGATION SYSTEM: Flood Furrow
YIELD:
513.0 Ct / Acre PREVIOUS CROP:
Safflower
$7.16 / Ct
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$3,673.08
$1,773.97
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
8/9/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$3,673.08
$1,899.11
4.74
88.70
53.22
-------------146.65
$1,773.97
$1,899.11
4.74
88.70
53.22
-------------146.65
1,920.62
1,920.62
$1,752.46
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
$1,752.46
26.46
11.12
-------------37.58
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$1,752.46
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
160.00
160.00
7.50
7.50
--------------------------Total Land Costs
167.50
167.50
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$1,584.96
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
$1,714.88
Land Cost / Rent or Lease
Water Assessment
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------314.15
141.92
-------------493.66
=============
=============
TOTAL COST
$2,088.12
$2,267.62
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$1,584.96
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
$3.46
$0.61
$4.07
$1,547.38
$1,405.46
$3.46
$0.96
$4.42
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 12 / 175
Table 23C. Variable Operating Costs; Spring Turnips, 1999
COUNTY:Maricopa
CROP:
Turnips
AREA:
Roosevelt ID
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Nov
Nov
Nov
Nov
Nov
Nov
Nov
Jan
Jan
Jan
Jan
FARM: Maricopa Vegetable
ACRES:
1.0
YIELD:
513.0 Ct / Acre
---- Hours * ---Machine Labor
Disk
Plow
Landplane
List
Soil Fertility
Apply Fert/Ground
Apply Herbicide/Ground
Mulch
Plant
Buck Rows
Irrigate
Irrigate
Cultivate
Apply Insect./Ground
Apply Fert/Ground
Harvest 640 Ct
Haul, Custom 640 Ct
Process/Cooling 640 Ct
Disk Residue 640 Ct
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Page 112
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Safflower
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.150
0.300
0.225
0.225
0.167
0.333
0.250
0.250
2.39
4.65
2.82
1.97
1.63
3.25
2.44
2.44
0.300
0.225
0.225
0.450
0.045
0.333
0.250
0.250
1.000
0.050
2.381
1.000
0.500
0.200
0.333
3.35
1.18
2.80
3.91
0.19
3.25
2.44
2.44
9.75
0.49
23.21
9.75
4.87
1.95
3.25
3.00
0.450
0.180
0.300
0.150
1.000
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
8/9/99
10.00
0.167
2.92
0.94
3.35
2.39
7.64
97.48
1.63
28.26
3.30
39.93
23.00
9.58
6.48
35.33
768.00
128.00
388.79
Tot. Cash
Expenses
Times
4.02
7.90
5.25
4.41
3.00
34.86
6.91
5.24
53.59
0.68
46.21
19.33
7.79
9.38
41.93
768.00
128.00
486.27
4.02
2.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
6.0
3.0
2.0
1.0
1.0
1.0
1.0
1.0
8.04
7.90
5.25
4.41
3.00
34.86
6.91
5.24
53.59
0.68
46.21
115.99
23.38
18.75
41.93
768.00
128.00
486.27
4.02
7.64
3.90
3.90
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
1773.97
Class
L
L
L
L
G
G
G
L
L
G
G
G
G
G
G
H
H
P
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 $7.50 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
88.44
Growing (G)
291.71
Harvest (H)
896.00
Post Harvest (P)
486.27
Marketing (M)
0.00
Operating Overhead (O)
11.54
Total (T)
=============
$1,773.97
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$5.37
$6.44
$7.16
$7.88
$8.95 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
384.8
461.7
513.0
564.3
641.3
Break-even Yield
637.25
843.13
980.38
1,117.63
1,323.51
1,050.47
1,338.99
1,531.34
1,723.69
2,012.22
1,325.95
1,669.57
1,898.65
2,127.73
2,471.35
1,601.43
2,000.15
2,265.96
2,531.77
2,930.49
2,014.65
2,496.01
2,816.92
3,137.83
3,619.19
146.57
104.59
87.82
75.68
62.69
3.71
3.54
3.46
3.39
3.31
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 12 / 175
Table 23D. Resource and Cash Flow Requirements; Spring Turnips, 1999
COUNTY:Maricopa
CROP:
Turnips
AREA:
Roosevelt ID
Month *
Number
Irrigations
OCT P
NOV P
3.0
DEC P
3.0
JAN C
1.0
Pickup Use30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
7.0
FARM: Maricopa Vegetable
ACRES:
1.0
YIELD:
513.0 Ct / Acre
Water
Applied
(inches)
Total
Labor (Hrs)
22.0
15.0
5.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
2.00
7.16
3.50
11.17
Page 113
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Safflower
42.17
28.75
9.58
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
8/9/99
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
21.55
15.18
2.92
2.39
7.64
19.50
69.84
34.12
108.86
31.56
48.30
3.00
3.90
75.61
215.41
65.79
1405.63
7.64
3.90
902.90
50.90
1773.97
100.00
39.93
388.79
896.00
**
42.0
23.83
80.50
4.54
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
45.1
Total P
153.5
Total K
0.0
Total Labor
23.8
Total Water
42.0
EQUIPMENT REQUIREMENTS ( per Acre)
Cultivator, Sweep, 4 Rw
1.35 Hr
Lister, 5 Bottom
0.22 Hr
Pickup Truck, 1/2 Ton
1.00 Hr
Rowbuck, 10'
0.05 Hr
Tractor, 70 PTO HP,
1.80 Hr
49.68
2.80
232.32
13.10
79.86
4.50
428.72
24.17
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
20.2 Gal
Unleaded Gas
3.0 Gal
All Direct Energy
3.2 M BTU
Fertilizer Injector, 4 Row
Moldboard Plow, 5-16 2
Planter, Stanhay, 2 Row
Saddle Tk Sprayer, 2 Tk 8
Tractor, 100 PTO HP,
MATERIALS REQUIREMENT ( per Acre)
10-34-00, Lqd
39.60 Ga
Methomyl
2.00 Pt
Water, District
42.00 AI
Boxes & Supplies
Trifluralin
LABOR REQUIREMENT ( per Acre)
Irrigators
8.38 Hr
Tractor
4.95 Hr
Other
0.60
0.30
0.45
0.59
1.05
Hr
Hr
Hr
Hr
Hr
387.00 Ct
1.00 Pt
0.50 Hr
Landplane 12'X 45'
Offset Disk, 18'
Power Mulcher, 6 Rw
Tractor, 50 PTO HP,
Tractor, 150 PTO HP,
0.22
0.45
0.22
0.63
0.98
Line substitute
Turnip Sd (Hyb)
8.00 Ga
1.50 Lb
Packer-Loader
Hr
Hr
Hr
Hr
Hr
10.00 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $7.50 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 12 / 175
Table 23E. Schedule of Operations; Spring Turnips, 1999
COUNTY:Maricopa
CROP:
Turnips
AREA:
Roosevelt ID
First
No.Month Times
FARM: Maricopa Vegetable
ACRES:
1.0
YIELD:
513.0 Ct / Acre
Operation
Equipment/ Custom Oper
HP Self-Prop./ Implement
1
2
3
4
5
6
7
Oct
Oct
Oct
Oct
Oct
Oct
Oct
2.0
1.0
1.0
1.0
1.0
1.0
1.0
Disk
150 Offset Disk, 18'
Plow
150 Moldboard Plow, 5-16 2
Landplane
150 Landplane 12'X 45'
List
100 Lister, 5 Bottom
Soil Fertility
CST Soil Analysis (Surface)
Apply Fert/Ground
100 Fertilizer Injector, 4 Row
Apply Herbicide/Ground 50 Saddle Tk Sprayer, 2 Tk 8
8
9
Oct
Nov
1.0 Mulch
1.0 Plant
100 Power Mulcher, 6 Rw
70 Planter, Stanhay, 2 Row
10
11
12
13
14
15
16
17
18
19
Nov
Nov
Nov
Nov
Nov
Nov
Jan
Jan
Jan
Jan
1.0
1.0
6.0
3.0
2.0
1.0
1.0
1.0
1.0
1.0
50 Rowbuck, 10'
Buck Rows
Irrigate
Irrigate
Cultivate
Apply Insect./Ground
Apply Fert/Ground
Harvest
Haul, Custom
Process/Cooling
Disk Residue
Pickup use 30 Mi/Ac
70 Cultivator, Sweep, 4 Rw
50 Saddle Tk Sprayer, 2 Tk 8
100 Fertilizer Injector, 4 Row
CST Harvest Turnips
CST Haul Turnips
150 Offset Disk, 18'
Pickup Truck, 1/2 Ton
Page 114
WATER SOURCE:
Roosevelt Irrigation
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Safflower
Job Rate
Acres/Hr
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
8/9/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
6.00
3.00
4.00
4.00
Labor
Type
Tractor
Tractor
Tractor
Tractor
3.00 Ac
3.00 10-34-00, Lqd
4.00 Trifluralin
Line substitute
4.00
2.00 Turnip Sd (Hyb)
20.00
0.42
1.00
2.00
5.00
3.00
17.60 Ga 266.40 Tn
1.00 Pt 24.95 Ga
8.00 Ga
0.00 Ga
1.50 Lb
25.17 Lb
Water, District
Water, District
12.00 AI
5.00 AI
23.00 AF
23.00 AF
Methomyl
10-34-00, Lqd
1.00 Pt 49.05 Ga
22.00 Ga 266.40 Tn
Tractor
Tractor
Tractor
Tractor
Other
Tractor
Irrigators
Irrigators
Tractor
Tractor
Tractor
1.20 Ct
0.20 Ct
0.10 Boxes & Supplies
6.00
1.00
387.00 Ct
0.95
Ct
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 12 / 175