Table 15A. Income and Cash Operating Summary; Spinach, 2001
COUNTY: Maricopa
CROP:
Spinach
AREA:
Salt River Project
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
494.0 Ct / Acre
Item
INCOME ->
Spinach
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Unit
Quantity
Crtn
494.00
Price/
Unit
$14.18
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
Irrigation Water (excluding labor)
Water Assessment (See Note Below) **
82
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
9/11/01
Budgeted
/Acre
$7,004.92
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
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
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $10.14 per Acre is included as an ownership cost in Table B.
Your Farm
Budget
$7,004.92
____________
127.88
____________
____________
____________
232.53
____________
____________
____________
____________
70.95
____________
____________
____________
69.39
58.49
134.59
24.03
73.91
31.55
39.40
10.00
264.03
186.03
78.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Total
/Acre
705.39
____________
____________
____________
____________
0.49
____________
____________
0.24
1605.50
704.91
2311.14
7.63
9.84
____________
____________
____________
____________
____________
____________
____________
____________
$3,034.00
$3,970.92
____________
____________
0.49
0.09
0.14
Table 15B. Allocations of Ownership Costs; Spinach, 2001
COUNTY: Maricopa
CROP:
Spinach
AREA:
Salt River Project
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
494.0 Ct / Acre
Item
TOTAL INCOME at
$14.18 / Ct
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
General and Office Overhead (
5.0% of Total Operating Exp.)
General Farm Maintenance
( 3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Interest on Equity, Machinery and Vehicles
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$7,004.92
$3,034.00
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
9/11/01
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$7,004.92
$3,034.00
$3,970.92
$3,970.92
7.97
151.70
91.02
7.97
151.70
91.02
250.69
3,284.69
250.69
3,284.69
$3,720.23
$3,720.23
42.72
19.90
Total Capital Allocations
62.61
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$3,720.23
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
83
Land Cost / Rent or Lease
Water Assessment **
200.00
10.14
200.00
10.14
Total Land Costs
210.13
210.13
RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> $3,510.09
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
$3,447.48
242.72
460.83
766.16
TOTAL COST
$3,494.83
$3,800.16
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$3,510.09
RETURNS TO RISK (PROFITS) ----------------------------------------------------------------------------------------------------------------->
Item
$3,657.61
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$6.14
$0.93
$7.07
$3,204.76
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$6.14
$1.55
$7.69
Table 15C. Variable Operating Costs; Spinach, 2001
COUNTY: Maricopa
CROP:
Spinach
AREA:
Salt River Project
84
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Aug
Aug
Aug
Aug
Aug
Sep
Sep
Sep
Sep
Sep
Sep
Sep
Oct
Oct
Oct
Oct
Oct
Nov
Nov
Dec
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
494.0 Ct / Acre
Plow
Disk
Laser Level
Soil Fertility
Apply Fert/Ground
List
Mulch
Plant
Apply Herbicide/Ground
Buck Rows
Irrigate
Disk Ends
Apply Insect./Ground
Cultivate
Apply Fert/Ground
Apply Insect./Ground
Hand Weeding
Prepare Ends
Harvest, Load & Haul 494
Disk Residue 494 Ct
Pickup Use 30 Mi/Acre
Operating Interest at 10.0
---- Hours * ---Machine Labor
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
9/11/01
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.900
0.600
0.450
1.000
0.667
0.500
15.16
10.58
6.62
9.75
6.50
4.87
0.090
0.300
0.300
0.600
0.150
0.045
0.71
2.08
2.53
4.04
1.62
0.19
0.045
0.090
0.600
0.450
0.090
0.100
0.333
0.333
0.667
0.167
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
6.50
1.62
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
7.93
7.63
4.87
3.00
52.32
186.03
73.91
1.67
9.70
29.95
14.33
75.00
1605.50
704.91
Tot. Cash
Expenses
Times
24.91
17.08
11.50
3.00
54.01
5.33
5.78
196.57
77.15
0.68
11.42
0.76
11.13
9.33
38.55
15.77
75.00
0.73
2310.41
12.81
1.0
2.0
0.5
1.0
2.0
1.0
1.0
1.0
1.0
3.0
6.0
3.0
1.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
9.84
TOTAL CASH OPERATING EXPENSES (includes all times over):
Class
24.91
34.16
5.75
3.00
108.02
5.33
5.78
196.57
77.15
2.05
68.49
2.27
11.13
18.65
38.55
15.77
75.00
0.73
2310.41
12.81
7.63
9.84
L
L
L
G
G
L
L
L
G
G
G
G
G
G
G
G
G
H
H
L
3034.00
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 $10.14 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
285.30
Growing (G)
420.09
Harvest (H)
2,311.14
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
17.47
Total (T)
$3,034.00
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ->
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$10.64
$12.76
$14.18
$15.60
$17.73 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Break-even Yield
370.5
444.6
494.0
543.4
617.5
1,493.89
1,935.28
2,229.53
2,523.79
2,965.17
2,281.95
2,880.94
3,280.27
3,679.60
4,278.59
2,807.32
3,511.38
3,980.76
4,450.14
5,154.21
3,332.69
4,141.83
4,681.25
5,220.68
6,029.82
4,120.74
5,087.49
5,731.99
6,376.49
7,343.24
119.70
88.21
75.04
65.30
54.65
6.60
6.28
6.12
5.99
5.83
Table 15D. Resource and Cash Flow Requirements; Spinach, 2001
COUNTY: Maricopa
CROP:
Spinach
AREA:
Salt River Project
Month *
Number
Irrigations
Water
Applied
(inches)
AUG C
SEP C
2.0
OCT C
3.0
NOV C
1.0
DEC C
Pickup Use 30 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
6.0
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
494.0 Ct / Acre
Total
Labor (Hrs)
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
2.68
3.70
4.57
1.72
0.50
12.0
18.0
6.0
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
5.00
5.00
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
9/11/01
Operating Costs ($/ACRE *)
-------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
40.34
11.45
8.40
3.06
7.93
7.63
26.16
36.07
44.52
16.74
4.87
52.32
126.23
53.98
3.00
121.83
359.78
186.90
2335.22
12.80
7.63
9.84
186.03
704.91
75.00
1605.50
9.84
**
36.0
13.17
TOTAL RESOURCE REQUIREMENTS (per Acre)
Total N
172.2
Total P
288.0
Total Labor
13.2
Total Water
36.0
10.00
0.33
78.81
2.60
128.38
4.23
232.53
7.66
890.94
29.37
1693.34
55.81
TOTAL ENERGY REQUIREMENTS (per Acre)
Diesel Fuel
37.2 Gal
Unleaded Gas
3.0
Gal
All Direct Energy
5.5 M BTU
85
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'
0.14 Hr
Pickup Truck, 1/2 Ton
1.00 Hr
Rowbuck, 10'
0.14 Hr
Tractor, 70 PTO HP,
1.20 Hr
Tractor, 175 PTO HP,
2.77 Hr
Cultivator, Sweep, 3 Rw
Fert. Side Dress Unit,
Lister, 5 Bottom
Offset Disk, 16.5'
Planter, Planet Jr, 4
Saddle Tk Sprayer, 2 Tk 8
Tractor, 100 PTO HP
MATERIALS REQUIREMENT (per Acre)
11-48-00, Dry
600.00
Endosulfan
1.00
Pronamide
2.00
Waxed Cartons
494.00
32-00-00, URAN 32, Lqd
Methomyl
Spinach Seed (Hyb)
Lb
Pt
Lb
Ct
LABOR REQUIREMENT (per Acre)
Irrigators
6.00 Hr
Tractor
1.20
0.45
0.30
1.65
0.60
0.15
0.15
Hr
Hr
Hr
Hr
Hr
Hr
Hr
30.00 Ga
1.50 Pt
22.00 Lb
7.17 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $10.14 per Acre is included as an ownership cost in Table B.
Directed Spray Rig, 8
Fertilizer Broadcaster,
Moldboard Plow, 4-16 2
Offset Disk, 8'
Power Mulcher, 4 Rw
Tractor, 50 PTO HP,
Tractor, 100 PTO HP,
Benefin
Permethrin
Water, District
0.18
0.18
0.90
0.05
0.30
2.14
0.18
Hr
Hr
Hr
Hr
Hr
Hr
Hr
2.00 Pt
10.00 Oz
36.00 AI
3034.00
100.00
Table 15E. Schedule of Operations; Spinach, 2001
COUNTY: Maricopa
CROP:
Spinach
AREA:
Salt River Project
First
No. Month Times
FARM: Maricopa Veg
ACRES:
1.0
YIELD:
494.0 Ct / Acre
Operation
WATER SOURCE:
Salt River Project
IRRIGATION SYSTEM: Flood Furrow
PREVIOUS CROP:
Watermelons
Equipment/ Custom Oper
HP Self-Prop./ Implement
86
Aug
Aug
Aug
1.0 Plow
2.0 Disk
0.5 Laser Level
Aug
Aug
Sep
Sep
Sep
1.0
2.0
1.0
1.0
1.0
Sep
1.0
175 Moldboard Plow, 4-16 2
175 Offset Disk, 16.5'
175 Drag Scraper, 14'
Laser, Complete System
Soil Fertility
CST Soil Analysis (Surface)
Apply Fert/Ground
100 Fertilizer Broadcaster,
List
70 Lister, 5 Bottom
Mulch
70 Power Mulcher, 4 Rw
Plant
70 Planter, Planet Jr, 4 Unit/2R
Bed Shaper, 4 Rw
Apply Herbicide/Ground 100 Saddle Tk Sprayer, 2 Tk 8
Sep
Sep
Sep
Oct
Oct
Oct
Oct
3.0
6.0
3.0
1.0
2.0
1.0
1.0
Buck Rows
Irrigate
Disk Ends
Apply Insect./Ground
Cultivate
Apply Fert/Ground
Apply Insect./Ground
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
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
175 Offset Disk, 16.5'
Pickup Truck, 1/2 Ton
Job Rate
Acre/Hr
----------
TILLAGE: Double Crop
SOIL:
Sandy-Loam
DATE:
9/11/01
Material Use and Cost ---------Name
Appl. Rate $ / Unit
Service Cost
$ / Unit
1.00
1.50
2.00
Labor
Type
Tractor
Tractor
Tractor
3.00 Ac
10.00 11-48-00, Dry
3.00
3.00
1.50 Spinach Seed (Hyb)
300.00 Lb
330.00 Tn
22.00 Lb
8.00 Lb
6.00 Benefin
Pronamide
20.00
1.00 Water, District
20.00
10.00 Methomyl
1.50
2.00 32-00-00, URAN 32,
10.00 Permethrin
Endosulfan
2.00 Pt
2.00 Lb
8.69 Ga
26.27 Lb
6.00 AI
3.33 AF
1.50 Pt
48.94 Ga
30.00 Ga
10.00 Oz
1.00 Pt
170.80 Tn
120.50 Ga
33.17 Ga
Tractor
Tractor
Tractor
Tractor
Tractor
Tractor
Irrigators
Tractor
Tractor
Tractor
Tractor
Tractor
75.00 Ac
20.00
Tractor
Waxed Cartons
2.00
1.00
*NOTES: Machine times, labor times, and material rates are for one time over the designated acreage.
494.00 Ct
1.35 Ct
3.25 Ct
Tractor
Table 15F. Operations Calendar; Spinach, 2001
COUNTY: Maricopa
CROP:
Spinach
AREA:
Salt River Project
FARM: Maricopa Veg
ACRES: 1.0
YIELD:
494 Ct./Acre
87
No.
Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
* NOTE:
Rip
Disk
Laser Level
Soil Fertility
Apply Fert/Ground
List
Mulch
Plant
Apply Herbicide/Ground
Buck Rows
Irrigate
Disk Ends
Apply Insect./Ground
Cultivate
Apply Fert/Ground
Apply Insect./Ground
Hand Weeding
Prepare Ends
Harvest, Load & Haul
Disk Residue
P = Previous Year C = Current Year
WATER SOURCE:
IRRIGATION SYSTEM:
PREVIOUS CROP:
SRP
Flood Furrow
Watermelons
TILLAGE: Double Crop
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
2.0 C
0.5 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
2.0 C
1.0 C
2.0 C
3.0 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
1.0 C
N = Next Year