Table 10A. Income and Cash Operating Summary; Dry Onions, 1998 COUNTY: Cochise CROP: Onions, Dry AREA: Kansas Settlement FARM: SE AZ Veg 98 ACRES: 1.0 YIELD: 654.0 Sk / Acre Item INCOME ⇒ Onions Page 45 WATER SOURCE: Ks Settlement, Elect IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland Unit Quantity Sack 654.00 Price/ Unit $5.32 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 Budgeted /Acre $3,479.28 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 11/11/98 Total /Acre Your Farm Budget $3,479.28 ____________ 67.48 ____________ ____________ ____________ ____________ 185.55 ____________ ____________ ____________ ____________ 48.92 ____________ ____________ ____________ ____________ ____________ ____________ 33.36 27.30 6.82 135.46 11.24 38.85 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance Irrigation (excluding labor) Pump Energy - Electric Repairs and Maintenance 208.59 17.61 Other Purchased Inputs & Seed/Transplants Other Services and Rentals 938.95 3.00 16.64 32.28 226.21 941.95 TOTAL CASH LAND PREPARATION AND GROWING EXPENSES -------------1470.11 ____________ ____________ ____________ ____________ CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) Tractor/Self Propelled 0.41 Farm Machinery and Vehicles Diesel Fuel Repairs and Maintenance 0.24 0.44 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 0.41 ____________ ____________ 0.68 ____________ ____________ ____________ 2151.66 607.17 -------------2759.92 15.45 65.61 ____________ ____________ ============= =================== $4,311.10 ($831.82) ____________ ____________ ____________ ____________ ____________ Notes: The above figures do not include ownership costs, see table B for detailed cost allocation. ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 10 / 31 Table 10B. Allocations of Ownership Costs; Dry Onions, 1998 COUNTY:Cochise CROP: Onions, Dry AREA: Kansas Settlement FARM: SE AZ Veg 98 WATER SOURCE: Ks Settlement, Elect ACRES: 1.0 IRRIGATION SYSTEM: Flood Furrow YIELD: 654.0 Sk / Acre PREVIOUS CROP: Cotton, Upland Item TOTAL INCOME at Page 46 $5.32 / Sk TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES CASH OVERHEAD EXPENSES Taxes, Housing and Insurance, Farm Machinery Wells and Irrigation System General and Office Overhead (5.0% of Total Operating Exp.) General Farm Maintenance (3.0% of Total Operating Exp.) Total Cash Overhead Expenses Total Cash Operating and Overhead Cost RETURNS OVER CASH OPER. AND OVER. EXPENSES -- CASH COST BASIS ($/ACRE) -Income and Costs Net Returns $3,479.28 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 11/12/98 -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $3,479.28 $4,311.10 $4,311.10 ($831.82) 5.52 9.98 215.55 129.33 -------------360.39 ($831.82) 5.52 9.98 215.55 129.33 -------------360.39 4,671.48 4,671.48 ($1,192.20) CAPITAL ALLOCATIONS (100% Equity) Capital Replacement, Machinery and Vehicles Wells and Irrigation System Interest on Equity, Machinery and Vehicles Wells and Irrigation System ($1,192.20) 31.18 34.45 12.58 18.95 -------------97.16 Total Capital Allocations RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK --------------------------------> ($1,192.20) RETURNS TO LAND, MANAGEMENT AND RISK ---------------------------------------------------------------------------------------------> Land Cost / Ownership (100% Equity) Property Taxes ($368.00 X 16.0% X 0.144) Opportunity Interest on Land (100% X 6.0 X $368.00) 8.54 8.54 22.08 -------------30.62 -------------Total Land Costs 8.54 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> ($1,200.74) RETURNS TO MANAGEMENT AND RISK -----------------------------------------------------------------------------------------------------> Management Services ( 8% of Total Operation Expenses) TOTAL OWNERSHIP COST ($1,319.98) 344.89 -------------368.92 -------------833.05 ============= ============= TOTAL COST $4,680.02 $5,144.14 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> ($1,200.74) 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 ($1,289.36) $6.59 $0.56 $7.16 ($1,664.86) $6.59 $1.27 $7.87 ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 10 / 31 Table 10C. Variable Operating Costs; Dry Onions, 1998 COUNTY:Cochise CROP: Onions, Dry AREA: Kansas Settlement No. First Month Operation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Oct Oct Oct Oct Nov Nov Nov Nov Nov Nov Nov Nov Dec Dec Feb Apr May May May May Jun FARM: SE AZ Veg 98 ACRES: 1.0 YIELD: 654.0 Sk / Acre ---- Hours * ---Machine Labor Plow Disk Make Borders Block Borders Preirrigate Knock Borders Soil Fertility Apply Fert/Ground List Plant Apply Herbicide/Ground Irrigate Cultivate Buck Rows Irrigate/Run Fertilizer Prepare Ends Apply Insecticide/Air Harvest 654 Sk Field Grade 654 Sk Haul, Custom 654 Sk Disk Residue 654 Sk Pickup Use60 Mi/Acre Operating Interest at 10.0 0.321 0.225 0.090 0.090 0.090 Page 47 WATER SOURCE: Ks Settlement, Elect IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland ---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps. Labor Cust/Serv. Materials Total 0.357 0.250 0.100 0.100 0.800 0.100 5.52 3.91 0.51 0.53 45.24 0.51 2.92 2.05 0.82 0.82 5.46 0.82 0.200 0.250 2.000 0.250 0.400 0.250 0.050 0.400 0.050 1.10 2.46 14.96 1.55 22.62 2.39 0.26 22.62 0.69 1.64 2.05 15.01 2.05 2.73 2.05 0.41 2.73 0.41 3.00 0.180 0.225 0.900 0.225 0.225 0.045 0.045 74.91 938.95 19.42 30.28 4.75 1419.18 654.00 78.48 0.150 2.000 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 11/11/98 0.167 2.85 15.45 1.37 292.18 67.89 6.49 345.96 262.30 Tot. Cash Expenses Times 8.44 5.96 1.33 1.35 50.70 1.33 3.00 77.64 4.50 968.92 23.02 25.35 4.44 0.67 55.63 1.10 11.24 1765.14 916.30 78.48 4.22 1.0 4.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 2.0 6.0 1.0 1.0 2.0 1.0 1.0 1.0 1.0 1.0 1.0 8.44 23.83 1.33 1.35 50.70 1.33 3.00 77.64 4.50 968.92 46.05 152.10 4.44 0.67 111.26 1.10 11.24 1765.14 916.30 78.48 4.22 15.45 65.61 65.61 Class L L G G G G G G L L G G G G G H G H H H L ============= TOTAL CASH OPERATING EXPENSES (includes all times over): 2225.02 1728.21 4311.10 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) 1,008.96 Growing (G) 461.11 Harvest (H) 2,759.92 Post Harvest (P) 0.00 Marketing (M) 0.00 Operating Overhead (O) 81.11 ============= Total (T) SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Prices ⇒ - 25% - 10% Budgeted + 10% + 25% Yields $3.99 $4.79 $5.32 $5.85 $6.65 Break-even Price - 25% - 10% Budgeted + 10% 490.5 -1,664.99 588.6 -1,687.56 654.0 -1,702.61 719.4 -1,717.66 -1,273.57 -1,217.86 -1,180.72 -1,143.58 -1,012.63 -904.72 -832.79 -760.85 -751.68 -591.59 -484.86 -378.13 -360.26 -121.89 37.03 195.95 -6,746.12 2,733.02 1,411.14 951.11 638.76 7.38 6.86 6.59 6.38 $4,311.10 Break-even Yield ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 10 / 31 Table 10D. Resource and Cash Flow Requirements; Dry Onions, 1998 COUNTY:Cochise CROP: Onions, Dry AREA: Kansas Settlement Month * Number Irrigations AUG P OCT P NOV P 2.0 DEC P 1.0 JAN C 1.0 FEB C 1.0 MAR C 1.0 APR C 3.0 MAY C JUN C Pickup Use60 Mi/Acre Operating Interest at 10.0 Total % 9.0 FARM: SE AZ Veg 98 ACRES: 1.0 YIELD: 654.0 Sk / Acre Water Applied (inches) Total Labor (Hrs) 12.0 4.0 4.0 4.0 4.0 12.0 40.0 Page 48 WATER SOURCE: Ks Settlement, Elect IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland -------------------------------------Purchased Fuel, Oil Water and Repairs Operating Costs ($/ACRE *) -------------------------------------Other Labor Chemicals Purchases Services Total 0.10 0.96 4.75 0.70 0.40 0.40 0.40 1.25 0.50 14.81 91.95 30.27 22.62 22.62 22.62 68.54 0.82 10.22 31.80 9.62 2.73 2.73 2.73 5.87 0.17 2.80 15.45 1.37 9.12 292.18 6.78 TOTAL RESOURCE REQUIREMENTS ( per Acre) Total N 256.4 Total P 212.0 Total K 0.0 Total Labor 9.1 Total Water 40.0 TILLAGE: Conventional SOIL: Sandy-Loam DATE: 11/11/98 67.89 1.57 113.75 65.61 1.32 25.03 1179.45 39.89 25.35 55.63 25.35 104.69 2769.16 4.17 15.45 65.61 2225.02 51.61 4311.10 100.00 938.95 3.00 612.75 2156.41 30.28 30.28 6.49 174.31 4.04 1551.70 35.99 TOTAL ENERGY REQUIREMENTS ( per Acre) Diesel Fuel 21.6 Gal Unleaded Gas 6.0 Gal Electric / Pumping 2781.2 KWH All Direct Energy 13.2 M BTU EQUIPMENT REQUIREMENTS ( per Acre) Bed Shaper, 4 Rw 0.90 Hr Cultivator, Sweep, 4 Rw 0.22 Hr Moldboard Plow, 4-16 2 0.32 Hr Pickup Truck, 1/2 Ton 2.00 Hr Saddle Tk Sprayer, 2 Tk 8 0.45 Hr Tractor, 125 PTO HP 0.05 Hr Blade Scraper, 10' Fertilizer Broadcaster, Offset Disk, 13.5' Planter/Gramor, 4 Bd,8 Tractor, 60 PTO HP Tractor, 150 PTO HP MATERIALS REQUIREMENT ( per Acre) 11-53-00, Dry 400.00 Lb Malathion 2.50 Pt Oxyfluorfen 4.00 Pt 32-00-00, URAN 32, Lqd Onion Bags 50# Mesh Water, Pump LABOR REQUIREMENT ( per Acre) Irrigators 4.00 Hr Other 0.09 0.18 0.94 0.90 0.94 1.37 Hr Hr Hr Hr Hr Hr 60.00 Ga 654.00 Sk 40.00 AI 1.00 Hr Border Disk, 6' Disk Lister, 5 Bottom Offset Disk, 18' Rowbuck, 10' Tractor, 100 PTO HP Burlap Sacks Onion Seed (Pelletized) Tractor 0.18 0.22 0.15 0.05 1.35 Hr Hr Hr Hr Hr 654.00 Sk 1000.00 Th 4.12 Hr *NOTE: P = Previous Year C = Current Year N = Next Year ARIZONA COOPERATIVE EXTENSION Department of Ag and Resource Economics University of Arizona F 10 / 31 Table 10E. Schedule of Operations; Dry Onions, 1998 COUNTY:Cochise CROP: Onions, Dry AREA: Kansas Settlement First No.Month Times 1 2 3 4 5 6 7 8 9 10 Oct Oct Oct Oct Nov Nov Nov Nov Nov Nov 1.0 4.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 11 12 13 14 15 Nov Nov Dec Dec Feb 2.0 6.0 1.0 1.0 2.0 16 17 18 19 20 21 Apr May May May May Jun 1.0 1.0 1.0 1.0 1.0 1.0 FARM: SE AZ Veg 98 ACRES: 1.0 YIELD: 654.0 Sk / Acre Operation Plow Disk Make Borders Block Borders Preirrigate Knock Borders Soil Fertility Apply Fert/Ground List Plant Equipment/ Custom Oper HP Self-Prop./ Implement 150 Moldboard Plow, 4-16 2 150 Offset Disk, 13.5' 60 Border Disk, 6' Disk 60 Blade Scraper, 10' 60 Border Disk, 6' Disk CST Soil Analysis (Surface) 60 Fertilizer Broadcaster, 100 Lister, 5 Bottom 100 Planter/Gramor, 4 Bd,8 Bed Shaper, 4 Rw Apply Herbicide/Ground 60 Saddle Tk Sprayer, 2 Tk 8 Irrigate Cultivate 100 Cultivator, Sweep, 4 Rw Buck Rows 60 Rowbuck, 10' Irrigate/Run Fertilizer Prepare Ends Apply Insecticide/Air Harvest Field Grade Haul, Custom Disk Residue Pickup use 60 Mi/Ac Page 49 WATER SOURCE: Ks Settlement, Elect IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Cotton, Upland 125 Offset Disk, 13.5' CST Air Spray, 5 Gal Mix CST Cut/Top/Field Sack Dry CST Grade/Size/Pack Onions CST Field Haul Dry Onions 150 Offset Disk, 18' Pickup Truck, 1/2 Ton Job Rate Acres/Hr. TILLAGE: Conventional SOIL: Sandy-Loam DATE: 11/11/98 ---------- Material Use and Cost ---------- Service Cost Name Appl. Rate $ / Unit $/Unit 2.80 4.00 10.00 10.00 1.25 Water, Pump 10.00 8.00 AI Labor Type Tractor Tractor Tractor Tractor Irrigators Tractor 67.86 AF 3.00 Ac 5.00 11-53-00, Dry 400.00 Lb 355.00 Tn 4.00 1.00 Onion Seed (Pelletized)1000.00 Th 0.89 Th 4.00 Oxyfluorfen 2.50 Water, Pump 4.00 20.00 2.50 Water, Pump 32-00-00, URAN 32, 20.00 Malathion Burlap Sacks Onion Bags 50# Mesh 6.00 0.50 2.00 Pt 4.00 AI Tractor Tractor Tractor Other Tractor Irrigators Tractor Tractor Irrigators 73.64 Ga 67.86 AF 4.00 AI 67.86 AF 30.00 Ga 173.00 Tn Tractor 2.50 Pt 654.00 Sk 654.00 Sk 19.70 Ga 0.50 Sk 0.38 Sk 4.75 2.17 1.00 0.12 Ac Sk Sk Sk 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 10 / 31