Table 17A. Income and Cash Operating Summary; Early Potatoes, 1998
COUNTY: Pinal
CROP:
Potatoes, Early
AREA:
Maricopa
FARM: Pinal Vegetables 98
ACRES:
1.0
YIELD:
280.0 CW / Acre
Item
INCOME ⇒
Potatoes
Page 80
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Linear Move Furrow
PREVIOUS CROP:
Wheat, Winter
Unit
Quantity
Hundred Lbs
280.00
Price/
Unit
$8.34
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
Farm Machinery and Vehicles
Diesel Fuel
Gasoline
Repairs and Maintenance
Irrigation Water (excluding labor)
Irrigation Water
Pump Energy - Electric
Repairs and Maintenance
Water Assessment (See Note Below) **
Other Purchased Inputs &
Seed/Transplants
Other Services and Rentals
Budgeted
/Acre
$2,335.20
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/2/99
Total
/Acre
Your Farm
Budget
$2,335.20
____________
114.13
____________
____________
____________
____________
101.00
____________
____________
____________
____________
75.46
____________
____________
____________
____________
____________
____________
____________
____________
58.75
31.20
24.18
84.67
11.38
4.96
24.02
3.58
47.86
121.44
92.12
0.33
28.98
469.40
466.40
3.00
TOTAL CASH LAND PREPARATION AND GROWING EXPENSES
-------------881.43
____________
____________
____________
____________
CASH HARVEST AND POST HARVEST EXPENSES
Paid Labor (including benefits)
Tractor/Self Propelled
Other/Contract
24.57
20.47
Farm Machinery and Vehicles
Diesel Fuel
Repairs and Maintenance
9.12
33.68
TOTAL HARVEST AND POST HARVEST EXPENSE
OPERATING OVERHEAD ⇒ PICKUP USE
OPERATING INTEREST AT 10.0%
TOTAL CASH OPERATING EXPENSES
RETURNS OVER CASH OPERATING EXPENSES
45.04
____________
____________
____________
42.81
____________
____________
____________
-------------87.84
15.41
29.13
=============
$1,013.82
$1,321.38
____________
____________
____________
===================
____________
____________
Notes: The above figures do not include ownership costs, see table B for detailed cost allocation.
** A water assessment charge of $25.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 23 / 37
Table 17B. Allocations of Ownership Costs; Early Potatoes, 1998
COUNTY:Pinal
CROP:
Potatoes, Early
AREA:
Maricopa
Item
TOTAL INCOME at
Page 81
FARM: Pinal Vegetables 98
WATER SOURCE:
Maricopa-Stanfield Irrig.
ACRES:
1.0
IRRIGATION SYSTEM: Linear Move Furrow
YIELD:
280.0 CW / Acre PREVIOUS CROP:
Wheat, Winter
$8.34 / CW
TOTAL OPERATING EXPENSES
RETURN OVER CASH OPERATING EXPENSES
CASH OVERHEAD EXPENSES
Taxes, Housing and Insurance, Farm Machinery
Wells and Irrigation System
General and Office Overhead (5.0% of Total Operating Exp.)
General Farm Maintenance
(3.0% of Total Operating Exp.)
Total Cash Overhead Expenses
Total Cash Operating and Overhead Cost
RETURNS OVER CASH OPER. AND OVER. EXPENSES
-- CASH COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,335.20
$1,013.82
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/2/99
-- TOTAL COST BASIS ($/ACRE) -Income and Costs
Net Returns
$2,335.20
$1,321.38
14.40
5.53
50.69
30.41
-------------101.03
$1,013.82
$1,321.38
14.40
5.53
50.69
30.41
-------------101.03
1,114.85
1,114.85
$1,220.35
CAPITAL ALLOCATIONS (100% Equity)
Capital Replacement, Machinery and Vehicles
Wells and Irrigation System
Interest on Equity, Machinery and Vehicles
Wells and Irrigation System
$1,220.35
85.60
20.17
34.90
19.75
-------------160.42
Total Capital Allocations
RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK -------------------------------->
$1,220.35
RETURNS TO LAND, MANAGEMENT AND RISK --------------------------------------------------------------------------------------------->
100.00
100.00
25.00
25.00
--------------------------Total Land Costs
125.00
125.00
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$1,095.35
RETURNS TO MANAGEMENT AND RISK ----------------------------------------------------------------------------------------------------->
$1,059.93
Land Cost / Rent or Lease
Water Assessment
Management Services (8% of Total Operation Expenses)
TOTAL OWNERSHIP COST
-------------226.03
81.11
-------------467.56
=============
=============
TOTAL COST
$1,239.85
$1,481.38
RETURNS TO CAPITAL, MANAGEMENT AND RISK ---------------------------------------->
$1,095.35
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
$3.62
$0.81
$4.43
$934.93
$853.82
$3.62
$1.67
$5.29
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 23 / 37
Table 17C. Variable Operating Costs; Early Potatoes, 1998
COUNTY:Pinal
CROP:
Potatoes, Early
AREA:
Maricopa
No.
First
Month Operation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Nov
Nov
Nov
Nov
Dec
Dec
Dec
Dec
Dec
Jan
Jan
Jan
Apr
May
May
Jun
Jun
Jun
FARM: Pinal Vegetables 98
ACRES:
1.0
YIELD:
280.0 CW / Acre
---- Hours * ---Machine Labor
Rip
Plow
Disk
List
Mulch
Soil Fertility
Prep/Haul Seed Potato
Plant
Irrigate/Linear move
Apply Herbicide/Ground
Hilling
Irrigate/Run Fertilizer
Apply Insecticide/Air
Cut Vines
Roll Beds
Dig
Pick and Haul
Disk Residue
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Page 82
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Linear Move Furrow
PREVIOUS CROP:
Wheat, Winter
---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps.
Labor Cust/Serv. Materials
Total
0.225
0.450
0.225
0.225
0.300
0.250
0.500
0.250
0.250
0.333
2.71
6.19
3.15
1.92
2.27
2.05
4.09
2.05
2.05
2.73
0.900
0.750
2.000
1.666
0.100
0.333
0.400
2.000
18.37
23.32
0.89
3.02
2.87
9.97
12.51
0.833
0.143
2.000
4.000
0.250
6.29
0.61
30.94
11.86
3.15
15.41
3.00
0.300
0.360
0.750
0.129
0.900
1.800
0.225
2.000
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/2/99
2.73
3.28
15.60
524.70
2.79
4.96
4.75
6.82
1.17
15.01
30.03
2.05
13.18
6.62
Tot. Cash
Expenses
Times
4.75
10.29
5.19
3.97
4.99
3.00
28.34
560.53
3.68
10.70
6.15
28.78
11.38
13.12
1.78
45.96
41.89
5.19
1.0
1.0
5.0
1.0
1.0
1.0
1.0
1.0
33.0
1.0
3.0
2.0
1.0
1.0
1.0
1.0
1.0
1.0
4.75
10.29
25.96
3.97
4.99
3.00
28.34
560.53
121.44
10.70
18.44
57.56
11.38
13.12
1.78
45.96
41.89
5.19
15.41
29.13
29.13
=============
TOTAL CASH OPERATING EXPENSES (includes all times over):
1,013.82
Class
L
L
L
L
L
G
L
L
G
G
L
G
G
G
L
H
H
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 $25.00 per Acre is included as an ownership cost in Table B.
OPERATING COST SUMMARY BY CLASS
Land Preparation (L)
655.88
Growing (G)
225.55
Harvest (H)
87.84
Post Harvest (P)
0.00
Marketing (M)
0.00
Operating Overhead (O)
44.54
=============
Total (T)
$1,013.82
SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE)
Prices ⇒
- 25%
- 10%
Budgeted
+ 10%
+ 25%
Yields
$6.26
$7.51
$8.34
$9.17
$10.43 Break-even Price
- 25%
- 10%
Budgeted
+ 10%
+ 25%
210.0
252.0
280.0
308.0
350.0
Break-even Yield
338.13
600.84
587.66
902.91
754.02 1,104.30
920.37 1,305.68
1,169.91 1,607.76
153.09
126.46
775.98
1,113.08
1,337.82
1,562.55
1,899.66
951.12
1,323.25
1,571.34
1,819.43
2,191.56
1,213.83
1,638.50
1,921.62
2,204.73
2,629.41
113.32
102.65
89.95
4.64
3.92
3.56
3.27
2.91
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 23 / 37
Table 17D. Resource and Cash Flow Requirements; Early Potatoes, 1998
COUNTY:Pinal
CROP:
Potatoes, Early
AREA:
Maricopa
Month *
Number
Irrigations
FARM: Pinal Vegetables 98
ACRES:
1.0
YIELD:
280.0 CW / Acre
Water
Applied
(inches)
NOV P
DEC P
6.0
JAN C
7.0
FEB C
7.0
MAR C
7.0
APR C
6.0
MAY C
JUN C
Pickup Use60 Mi/Acre
Operating Interest at 10.0
Water Assessment
Total
%
33.0
Total
Labor (Hrs)
6.0
7.0
7.0
7.0
6.0
-------------------------------------Purchased
Fuel, Oil
Water
and Repairs
2.25
9.27
3.43
2.70
1.10
1.00
0.98
6.25
Page 83
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Linear Move Furrow
PREVIOUS CROP:
Wheat, Winter
Operating Costs ($/ACRE *) -------------------------------------Other
Labor
Chemicals
Purchases
Services
Total
26.55
32.57
12.11
6.22
9.09
8.20
6.91
45.95
15.41
16.75
19.54
19.54
19.54
16.75
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/2/99
18.42
41.92
21.60
15.60
3.28
3.28
7.99
47.09
58.30
18.14
13.18
466.40
6.62
26.98
TOTAL RESOURCE REQUIREMENTS ( per Acre)
Total N
164.0
Total P
184.0
Total Labor
27.0
Total Water
33.0
92.12
9.09
163.01
16.08
159.18
15.70
96.24
9.49
36.88
3.64
1,013.82
100.00
4.75
**
33.0
29.13
44.97
618.94
71.39
54.54
31.91
39.60
14.90
93.04
15.41
29.13
3.00
466.40
46.00
TOTAL ENERGY REQUIREMENTS ( per Acre)
Diesel Fuel
43.6 Gal
Unleaded Gas
8.7 Gal
Electric / Pumping
11.1 KWH
All Direct Energy
7.2 M BTU
EQUIPMENT REQUIREMENTS ( per Acre)
Bed Roller, 4 Rw
0.13 Hr
Lister, 5 Bottom
0.22 Hr
Pickup Truck, 1/2 Ton
2.90 Hr
Power Mulcher, 4 Rw
0.30 Hr
Saddle Tk Sprayer, 2 Tk 8
0.30 Hr
Tractor, 150 PTO HP,
2.92 Hr
Flat Trailer
Moldboard Plow, 4-16 2
Planter, Potato 3 Comp. 4
Rolling Cultivator, 4 Rw
Tractor, 60 PTO HP,
V-Ripper, 5 Shnk
MATERIALS REQUIREMENT ( per Acre)
18-46-00, Dry
400.00 Lb
Potato Seed
20.00 C
32-00-00, URAN 32, Lqd
Trifluralin
26.00 Ga
1.50 Pt
Carbaryl
Water, District
LABOR REQUIREMENT ( per Acre)
Cutter
4.00 Hr
Technican
3.30 Hr
Irrigators
Tractor
4.00 Hr
10.18 Hr
Other
0.90
0.45
0.75
0.30
2.23
0.22
Hr
Hr
Hr
Hr
Hr
Hr
Hiller, 4 Row
Offset Disk, 13.5'
Potato Harvester, 4 Row
Root Cutter-Puller, 4 Row
Tractor, 100 PTO HP,
Vegetable Trailer, Custom
1.08
1.35
0.90
0.75
3.11
1.80
Hr
Hr
Hr
Hr
Hr
Hr
2.00 Pt
33.00 AI
5.50 Hr
*NOTE: P = Previous Year C = Current Year N = Next Year
** A water assessment charge of $25.00 per Acre is included as an ownership cost in Table B.
ARIZONA COOPERATIVE EXTENSION
Department of Ag and Resource Economics
University of Arizona
F 23 / 37
Table 17E. Schedule of Operations; Early Potatoes, 1998
COUNTY:Pinal
CROP:
Potatoes, Early
AREA:
Maricopa
First
No.Month Times
FARM: Pinal Vegetables 98
ACRES:
1.0
YIELD:
280.0 CW / Acre
Page 84
WATER SOURCE:
Maricopa-Stanfield Irrig.
IRRIGATION SYSTEM: Linear Move Furrow
PREVIOUS CROP:
Wheat, Winter
Operation
Equipment/ Custom Oper
HP Self-Prop./ Implement
Job Rate
Acres/Hr
Rip
Plow
Disk
List
Mulch
Soil Fertility
Prep/Haul Seed Potato
150 V-Ripper, 5 Shnk
150 Moldboard Plow, 4-16 2
150 Offset Disk, 13.5'
100 Lister, 5 Bottom
60 Power Mulcher, 4 Rw
CST Soil Analysis (Surface)
Pickup Truck, 1/2 Ton
4.00
2.00
4.00
4.00
3.00
100 Planter, Potato 3 Comp. 4
1.20 Potato Seed
18-46-00, Dry
0.50 Water, District
3.00 Trifluralin
1
2
3
4
5
6
7
Nov
Nov
Nov
Nov
Dec
Dec
Dec
1.0
1.0
5.0
1.0
1.0
1.0
1.0
8
Dec
1.0 Plant
9
10
Dec
Jan
11
12
13
14
15
16
Jan
Jan
Apr
May
May
Jun
17
Jun
1.0 Pick and Haul
60 Vegetable Trailer, Custom
0.50
18
Jun
1.0 Disk Residue
Pickup use 60 Mi/Ac
150 Offset Disk, 13.5'
Pickup Truck, 1/2 Ton
4.00
0.50
33.0 Irrigate/Linear move
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 Irrigate/Run Fertilizer
1.0 Apply Insecticide/Air
CST Air Spray, 5 Gal Mix
1.0 Cut Vines
100 Root Cutter-Puller, 4 Row
1.0 Roll Beds
60 Bed Roller, 4 Rw
1.0 Dig
150 Potato Harvester, 4 Row
TILLAGE: Conventional
SOIL:
Sandy-Loam
DATE:
9/2/99
---------- Material Use and Cost ---------- Service Cost
Name
Appl. Rate $ / Unit
$ / Unit
Labor
Type
Tractor
Tractor
Tractor
Tractor
Tractor
3.00 Ac
1.00
2.50
0.50 32-00-00, URAN 32,
Carbaryl
1.20
7.00
1.00
20.00 C 22.00 CW
400.00 Lb 275.00 Tn
1.00 AI 33.50 AF
1.50 Pt 24.95 Ga
13.00 Ga 173.00 Tn
2.00 Pt 25.00 Ga
Tractor
Cutter
Tractor
Other
Technican
Tractor
Tractor
Irrigators
4.75 Ac
Tractor
Tractor
Tractor
Other
Tractor
Other
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 23 / 37