Table 7A. Income and Cash Operating Summary; Early Red Potatoes, 2001
COUNTY: Maricopa
CROP:
Potatoes, Early
AREA:
Queen Creek
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
291.0 CW / Acre
Item
INCOME ->
Potatoes
WATER SOURCE:
Queen Creek, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Unit
Quantity
Hundred Lbs
291.00
Price/
Unit
$9.98
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
34
Irrigation Water (excluding labor)
Pump Energy - Electric
Repairs and Maintenance
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Budgeted
/Acre
$2,904.18
$2,904.18
____________
153.63
____________
____________
____________
____________
149.94
____________
____________
____________
____________
____________
72.64
____________
____________
____________
____________
516.51
____________
____________
____________
697.62
____________
____________
____________
24.18
3.51
44.95
480.48
36.03
697.62
1590.33
30.22
29.25
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
10.50
35.83
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
Your Farm
Budget
101.26
11.36
4.94
32.37
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
Total
/Acre
66.78
54.99
31.86
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD -> PICKUP USE
OPERATING INTEREST AT 10.0%32.17
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/12/01
59.47
____________
____________
____________
46.33
____________
____________
____________
____________
____________
105.80
15.25
____________
$1,743.54
$1,160.64
____________
____________
Table 7B. Allocations of Ownership Costs; Early Red Potatoes, 2001
COUNTY: Maricopa
CROP: Potatoes, Early
AREA:
Queen Creek
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
291.0 CW / Acre
Item
TOTAL INCOME at
$9.98 / CW
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (
5.0% of Total Operating Exp.)
General Farm Maintenance
( 3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
WATER SOURCE:
Queen Creek, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,904.18
$1,743.54
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/12/01
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,904.18
$1,743.54
$1,160.64
$1,160.64
13.98
13.29
87.18
52.31
13.98
13.29
87.18
52.31
166.75
1,910.29
166.75
1,910.29
$993.89
$993.89
84.17
48.91
36.10
29.75
35
Total Capital Allocations
198.93
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$993.89
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
Land Cost / Rent or Lease
200.00
Total Land Costs
200.00
200.00
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$793.89
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
Management Services (
8%
of Total Operation Expenses)
TOTAL OWNERSHIP COST
BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb )
BREAK-EVEN PRICE TO COVER OWNERSHIP COST
BREAK-EVEN PRICE TO COVER TOTAL COST
$594.96
139.48
366.75
705.16
TOTAL COST
$2,110.29
$2,448.71
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$793.89
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
Item
$794.96
200.00
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$5.99
$1.26
$7.25
$455.47
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$5.99
$2.42
$8.41
Table 7C. Variable Operating Costs; Early Red Potatoes, 2001
COUNTY: Maricopa
CROP: Potatoes, Early
AREA:
Queen Creek
36
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Nov
Nov
Nov
Nov
Nov
Nov
Dec
Dec
Dec
Jan
Jan
Jan
Jan
Feb
Apr
Apr
Apr
Apr
Apr
Apr
Apr
Apr
May
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
291.0 CW / Acre
Rip
Plow
Disk
List
Buck Rows
Preirrigate
Mulch
Prep/Haul Seed Potato
Plant
Apply Herbicide/Ground
Hilling
Disk Ends
Irrigate/Run Fertilizer
Irrigate
Apply Insecticide/Air
Prepare Ends
Cut Vines
Prepare Ends
Knock Ditches
Roll Beds
Dig
Haul 10
Disk Residue
Pickup Use 60 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
0.225
0.450
0.225
0.225
0.045
0.300
0.900
0.750
0.300
0.360
0.045
WATER SOURCE:
Queen Creek, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
---- Operating Costs ($/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
6.50
3.43
2.02
0.23
35.35
2.35
9.94
15.29
3.15
3.03
0.48
61.86
61.86
2.44
4.87
2.44
2.44
0.49
3.68
3.25
11.62
16.24
3.25
3.90
0.49
6.41
6.41
0.050
0.833
0.050
0.050
0.143
2.000
4.000
0.250
0.48
6.63
0.24
0.23
0.65
31.55
14.06
3.43
15.25
0.49
8.12
0.49
0.49
1.39
19.50
38.99
2.44
762.76
4.94
24.73
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:
9/12/01
25.63
Tot. Cash
Expenses
Times
5.29
11.37
5.86
4.46
0.72
39.03
5.59
21.56
794.29
11.34
6.93
0.97
93.01
68.28
30.38
0.97
14.75
0.73
0.71
2.04
51.05
53.05
5.86
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
32.17
TOTAL CASH OPERATING EXPENSES (includes all times over):
Class
2.65
11.37
17.59
4.46
2.15
39.03
5.59
21.56
794.29
11.34
20.80
1.94
186.02
409.67
30.38
0.97
14.75
0.73
0.71
2.04
51.05
53.05
5.86
15.25
32.17
L
L
L
L
G
G
L
L
L
G
L
G
G
G
G
H
G
H
G
L
H
H
L
1743.54
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.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
886.21
Growing (G)
704.11
Harvest (H)
105.80
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
47.42
Total (T)
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ->
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$7.48
$8.98
$9.98
$10.98
$12.47 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
218.3
261.9
291.0
320.1
-43.21
267.64
474.87
682.11
283.51
659.70
910.50
1,161.30
501.32
921.08
1,200.92
1,480.76
719.13
1,182.45
1,491.33
1,800.22
1,045.85
1,574.52
1,926.96
2,279.40
224.32
185.35
166.12
150.50
131.90
$1,743.54
Break-even Yield
7.68
6.46
5.85
5.35
Table 7D. Resource and Cash Flow Requirements; Early Red Potatoes, 2001
COUNTY: Maricopa
CROP: Potatoes, Early
AREA:
Queen Creek
Month *
Number
Irrigations
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
291.0 CW / Acre
Water
Applied
(inches)
NOV P
1.0
DEC P
JAN C
1.0
FEB C
3.0
MAR C
2.0
APR C
2.0
MAY C
Pickup Use 60 Mi/Acre
Operating Interest at 10.0
Total
%
9.0
Total
Labor (Hrs)
4.0
7.0
21.0
14.0
14.0
WATER SOURCE:
Queen Creek, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
1.80
8.92
1.49
1.97
1.72
8.94
0.25
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/12/01
Operating Costs ($/ACRE *)
-------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
52.38
31.01
68.76
181.00
122.17
176.72
3.43
15.25
17.57
55.41
14.54
19.24
16.73
87.17
2.44
65.14
29.68
24.73
69.95
849.18
112.98
224.97
138.90
294.27
5.87
15.25
32.17
697.62
25.63
4.75
32.17
60.0
25.09
37
TOTAL RESOURCE REQUIREMENTS (per Acre)
Total N
150.0
Total P
184.0
Total Labor
25.1
Total Water
60.0
650.72
37.32
145.18
8.33
697.62
40.01
36.92
2.12
TOTAL ENERGY REQUIREMENTS (per Acre)
Diesel Fuel
40.7 Gal
Unleaded Gas
8.7
Gal
Electric / Pumping
5688.9 KWH
All Direct Energy
26.2 M BTU
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
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
MATERIALS REQUIREMENT (per Acre)
18-46-00, Dry
400.00 Lb
Metalaxyl
0.50 Pt
Trifluralin
1.50 Pt
20-0-0-45, Nitro-Sul
Paraquat
Water, Pump
LABOR REQUIREMENT (per Acre)
Cutter
4.00 Hr
Tractor
9.95 Hr
213.10
12.22
Irrigators
*NOTE: P = Previous Year C = Current Year N = Next Year
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
0.50 Ga
60.00 AI
5.64 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,
Carbaryl
Potato Seed
Other
0.90
0.45
0.05
0.90
0.75
0.05
2.36
Hr
Hr
Hr
Hr
Hr
Hr
Hr
2.00 Pt
30.00 C
5.50 Hr
1743.54
100.00
Table 7E. Schedule of Operations; Early Red Potatoes, 2001
COUNTY: Maricopa
CROP: Potatoes, Early
AREA:
Queen Creek
First
No. Month Times
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
291.0 CW / Acre
Operation
Rip
Plow
Disk
List
Buck Rows
Preirrigate
Mulch
Prep/Haul Seed Potato
WATER SOURCE:
Queen Creek, Elect
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Wheat, Winter
Equipment/ Custom Oper
HP Self-Prop./ Implement
38
Nov
Nov
Nov
Nov
Nov
Nov
Dec
Dec
0.5
1.0
3.0
1.0
3.0
1.0
1.0
1.0
Dec
1.0 Plant
Jan
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
Feb
Apr
6.0 Irrigate
1.0 Apply Insecticide/Air
CST Air Spray, 5 Gal Mix
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
Apr
1.0 Haul
60 Vegetable Trailer Flat Bed
0.50
May
1.0 Disk Residue
Pickup use 60 Mi/Ac
150 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
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
Acre/Hr
60 Power Mulcher, 4 Rw
Pickup Truck, 1/2 Ton
100 Planter, Potato 3 Comp. 4
----------
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/12/01
Material Use and Cost ---------Name
Appl. Rate $ / Unit
4.00
2.00
4.00
4.00
20.00
2.65 Water, Pump
3.00
1.00
1.20 Potato Seed
18-46-00, Dry
Metalaxyl
3.00 Trifluralin
2.50
20.00
1.52 Water, Pump
20-0-0-45, Nitro-Sul
1.52 Water, Pump
Carbaryl
Paraquat
20.00
1.20
20.00
20.00
7.00
1.00
*NOTES: Machine times, labor times, and material rates are for one time over the designated acreage.
4.00 AI
30.00
400.00
0.50
1.50
7.00
20.00
7.00
2.00
0.50
C
Lb
Pt
Pt
AI
Ga
AI
Pt
Ga
Service Cost
$ / Unit
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Cutter
Tractor
Other
106.05 AF
22.00 CW
245.00 Tn
202.05 Ga
24.95 Ga
106.05
240.00
106.05
25.00
36.00
AF
Tn
AF
Ga
Ga
Labor
Type
Tractor
Tractor
Tractor
Irrigators
Irrigators
4.75 Ac
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Other
Tractor
Other
Tractor
Table 7F. Operations Calendar; Early Red Potatoes, 2001
COUNTY: Maricopa
CROP:
Red Potatoes
AREA:
Queen Creek
FARM: Maricopa Veg
ACRES: 1.0
YIELD: 291 CW/Acre
39
No.
Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
* NOTE:
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
Disk Ends
Knock Ditches
Roll Beds
Dig
Haul
Disk Residue
P = Previous Year C = Current Year
WATER SOURCE:
IRRIGATION SYSTEM:
PREVIOUS CROP:
Queen Creek, Elect
Flood Furrow
Wheat, Winter
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
09/17/2001
----------------------------------------Month and Times Operation Performed ----------------------------------------------Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1.0 C
0.5 P
1.0 P
2.0 P
1.0 P
1.0 P
1.0 P
1.0 C
1.0 P
1.0 P
1.0 P
1.0 P
1.0 C
1.0 C
1.0 C
1.0 C
1.0 C
2.0 C
1.0 C
1.0 C
1.0 C
2.0 C
2.0 C
1.0 C
1.0 C
1.0 C
1.0 C
1.0 C
1.0 C
1.0 C
1.0 C
1.0 C
N = Next Year