Table 7A. Income and Cash Operating Summary; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North FARM: Yuma Vegetables ACRES: 1.0 YIELD: 823.0 Ct / Acre Item INCOME -> Lettuce WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Wheat, Winter Unit Quantity Crtn 823.00 Price/ Unit $5.26 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 36 Farm Machinery and Vehicles Diesel Fuel Gasoline Repairs and Maintenance Irrigation Water (excluding labor) Water Assessment (See Note Below) ** Other Purchased Inputs & Seed/Transplants Other Services and Rentals TOTAL CASH LAND PREPARATION AND GROWING EXPENSES CASH HARVEST AND POST HARVEST EXPENSES Custom Harvest/Post Harvest 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 $31.00 per Acre is included as an ownership cost in Table B. Budgeted /Acre $4,328.98 TILLAGE: Double Crop SOIL: Sandy-Loam DATE: 8/13/01 Total /Acre Your Farm Budget $4,328.98 ____________ 90.78 ____________ ____________ ____________ ____________ 587.48 ____________ ____________ ____________ ____________ ____________ 69.77 ____________ ____________ ____________ ____________ 30.73 35.09 24.96 170.14 290.38 74.12 52.85 18.33 14.03 37.41 0.00 284.50 ____________ ____________ ____________ 1032.53 ____________ 2047.20 2047.20 13.17 194.61 ____________ ____________ ____________ ____________ $3,287.51 $1,041.47 ____________ ____________ 95.40 189.10 Table 7B. Allocations of Ownership Costs; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North FARM: Yuma Vegetables WATER SOURCE: Yuma County Water ACRES: 1.0 IRRIGATION SYSTEM: Flood Furrow YIELD: 823.0 Ct / Acre PREVIOUS CROP: Wheat, Winter Item TOTAL INCOME at $5.26 / Ct TOTAL OPERATING EXPENSES RETURN OVER CASH OPERATING EXPENSES CASH OVERHEAD EXPENSES Taxes, Housing and Insurance, Farm Machinery General and Office Overhead (5.0%of Total Operating Exp.) General Farm Maintenance (3.0% of Total Operating Exp.) Total Cash Overhead Expenses Total Cash Operating and Overhead Cost RETURNS OVER CASH OPER. AND OVER. EXPENSES CAPITAL ALLOCATIONS (100% Equity) Capital Replacement, Machinery and Vehicles Interest on Equity, Machinery and Vehicles -- CASH COST BASIS ($/ACRE) -Income and Costs Net Returns $4,328.98 TILLAGE: Double Crop SOIL: Sandy-Loam DATE: 8/13/01 -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $4,328.98 $3,287.51 $3,287.51 $1,041.47 7.60 164.38 98.63 $1,041.47 7.60 164.38 98.63 270.60 270.60 3,558.11 3,558.11 $770.87 $770.87 34.88 12.91 Total Capital Allocations 47.79 RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK --------------------------------> $770.87 RETURNS TO LAND, MANAGEMENT AND RISK ---------------------------------------------------------------------------------------------> 37 Land Cost / Rent or Lease Water Assessment ** 550.00 31.00 550.00 31.00 Total Land Costs 581.00 581.00 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> $189.87 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 $142.08 263.00 851.60 1,162.39 TOTAL COST $4,139.11 $4,449.90 RETURNS TO CAPITAL, MANAGEMENT AND RISK ----------------------------------------> $189.87 RETURNS TO RISK (PROFITS) -----------------------------------------------------------------------------------------------------------------> Item $723.08 -- CASH COST BASIS ($/ACRE) -Income and Costs Net Returns $3.99 $1.03 $5.03 ($120.92) -- TOTAL COST BASIS ($/ACRE) -Income and Costs Net Returns $3.99 $1.41 $5.41 Table 7C. Variable Operating Costs; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North 38 No. First Month Operation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Jul Jul Jul Jul Jul Jul Jul Aug Aug Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Nov Nov Dec Dec Dec Jan FARM: Yuma Vegetables ACRES: 1.0 YIELD: 823.0 Ct / Acre ---- Hours * ---Machine Labor WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Wheat, Winter ---- Operating Costs ($/ACRE *) Per Operation ---Fuel/Rps. Labor Cust/Serv. Materials Total Rip 0.450 0.500 7.23 Disk 0.150 0.167 2.85 Laser Level 0.450 0.500 6.88 Make Borders 0.023 0.025 0.13 Preirrigate 0.667 Soil Fertility Dust Control 0.009 0.010 0.16 Apply Fert/Ground 0.075 0.083 0.47 Apply Herbicide/Ground 0.150 0.167 2.56 List 0.180 0.200 2.02 Shape Beds 0.180 0.200 2.19 Plant 0.450 0.500 7.36 Set Sprinklers 0.158 0.350 0.91 Apply Insecticide/Air Irrigate/Sec Sys 0.091 Field Scouting Apply Insect./Ground 0.015 0.017 0.09 Apply Insect./Ground 0.015 0.017 0.09 Irrigate/Run Fertilizer 0.599 Remove Sprinklers 0.158 0.350 0.91 Make Ditches 0.022 0.025 0.32 Irrigate/Run Fertilizer 0.200 Thinning Cultivate 0.225 0.250 2.82 Apply Fungicide/Ground 0.015 0.017 0.09 Apply Insect./Ground 0.015 0.017 0.09 Bird Control Apply Insecticide/Air Irrigate/Run Fertilizer 0.200 Hand Weeding Apply Insect./Ground 0.015 0.017 0.09 Knock Borders 0.022 0.025 0.12 Knock Ditches 0.022 0.025 0.32 Harvest, Load & Haul 853 Disk Residue 853 Ct 0.150 0.167 2.85 Pickup Use 50 Mi/Acre 1.667 13.17 Operating Interest at 10.0 TOTAL CASH OPERATING EXPENSES (includes all times over): 4.39 1.47 4.39 0.22 5.12 3.00 0.16 0.73 1.47 1.75 1.75 4.39 2.88 62.01 74.12 77.97 95.40 4.75 27.93 0.70 0.15 0.15 4.59 2.88 0.22 1.53 10.00 4.75 30.29 54.69 8.01 16.02 75.00 2.19 0.15 0.15 16.02 52.13 17.83 6.10 4.75 1.53 30.29 20.02 75.00 0.15 0.22 0.22 18.92 2047.20 1.47 11.62 4.31 11.27 0.35 5.12 3.00 0.32 63.21 78.14 3.78 81.91 107.14 3.79 32.68 0.70 10.00 35.28 54.93 12.60 3.79 0.54 17.55 75.00 21.04 52.37 18.06 6.10 35.04 21.56 75.00 19.15 0.34 0.54 2047.20 4.31 TILLAGE: Double Crop SOIL: Sandy-Loam DATE: 8/13/01 Times 1.0 2.0 1.0 1.0 1.0 1.0 160.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 10.0 3.0 1.0 1.0 1.0 1.0 3.0 4.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 2.0 1.0 1.0 1.0 1.0 194.61 *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 $31.00 per Acre is included as an ownership cost in Table B. Tot. Cash Expenses 11.62 8.63 11.27 0.35 5.12 3.00 50.76 63.21 78.14 3.78 81.91 107.14 3.79 32.68 6.98 30.00 35.28 54.93 12.60 3.79 1.62 70.21 75.00 21.04 52.37 18.06 6.10 35.04 21.56 75.00 38.31 0.34 0.54 2047.20 4.31 13.17 194.61 3287.51 Class L L L G G G G G G L L L G G G G G G G G G G G G G G G G G G G G G H L T Table 7C. Variable Operating Costs; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North FARM: Yuma Vegetables ACRES: 1.0 YIELD: 823.0 Ct / Acre OPERATING COST SUMMARY BY CLASS Land Preparation (L) 228.66 Growing (G) 803.87 Harvest (H) 2,047.20 Post Harvest (P) 0.00 Marketing (M) 0.00 Operating Overhead (O) 207.78 Total (T) $3,287.51 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Wheat, Winter TILLAGE: Double Crop SOIL: Sandy-Loam DATE: 8/13/01 SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Prices -> - 25% - 10% Budgeted + 10% + 25% Yields $3.95 $4.73 $5.26 $5.79 $6.58 Break-even Price - 25% - 10% Budgeted + 10% + 25% 617.3 740.7 823.0 905.3 1,028.8 Break-even Yield -198.00 -18.07 101.89 221.84 401.77 289.01 566.35 751.23 936.12 1,213.45 613.69 955.95 1,184.13 1,412.31 1,754.58 938.36 1,345.56 1,617.03 1,888.50 2,295.70 1,425.37 1,929.97 2,266.38 2,602.78 3,107.38 753.10 488.60 395.90 332.77 268.54 4.27 3.97 3.82 3.70 3.55 39 Table 7D. Resource and Cash Flow Requirements; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North Month * Number Irrigations JUL C 1.0 AUG C SEP C 5.0 OCT C 7.0 NOV C 2.0 DEC C 2.0 JAN N Pickup Use 50 Mi/Acre Operating Interest at 10.0 Water Assessment Total % 17.0 FARM: Yuma Vegetables ACRES: 1.0 YIELD: 823.0 Ct / Acre Water Applied (inches) Total Labor (Hrs) 12.0 WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Wheat, Winter -------------------------------------- Operating Costs ($/ACRE *) -------------------------------------Purchased Fuel, Oil Other Water and Repairs Labor Chemicals Purchases Services Total 2.13 0.55 2.56 2.74 0.74 0.79 0.17 5.5 11.5 6.0 6.0 TILLAGE: Double Crop SOIL: Sandy-Loam DATE: 8/13/01 21.55 7.87 17.50 9.07 5.24 5.69 2.85 13.17 18.60 6.87 23.26 23.91 8.12 8.55 1.47 3.00 136.13 190.89 110.01 85.26 50.96 95.40 194.61 43.15 150.87 346.80 227.99 194.47 1088.80 1027.65 13.17 194.61 2445.41 74.38 3287.51 100.00 19.75 85.00 95.85 1023.60 1023.60 ** 41.0 9.68 40 TOTAL RESOURCE REQUIREMENTS (per Acre) Total N 263.3 Total P 202.5 Total Labor 9.7 Total Water 41.0 82.67 2.51 Border Disk, 6' Disk Fertilizer Injector, 4 Row Lister, 5 Bottom Pickup Truck, 1/2 Ton Section Harrow, 3 Section Tractor, 60 PTO HP Tractor, 100 PTO HP Truck, 5 Ton w/1000 Gal MATERIALS REQUIREMENT (per Acre) 00-45-00, Treble Super. 450.00 Cypermethrin 12.00 Methomyl 10.00 Pronamide 2.00 Thiodicarb 2.00 20-00-00, Amm. Nitrate, Head Lettuce Sd Permethrin Spinosad Vinclozolin LABOR REQUIREMENT (per Acre) Irrigators 4.58 Hr 573.25 17.44 95.40 2.90 TOTAL ENERGY REQUIREMENTS (per Acre) Diesel Fuel 20.7 Gal Unleaded Gas 15.1 Gal All Direct Energy 4.8 M BTU EQUIPMENT REQUIREMENTS (per Acre) Bed Shaper, 6 Rw 0.18 Hr Fertilizer Broadcaster, 0.08 Hr Laser, Complete System 0.45 Hr Offset Disk, 18' 0.60 Hr Saddle Tk Sprayer, 2 Tk 8 0.33 Hr Sprinkler Trailer 0.32 Hr Tractor, 80 PTO HP, 0.22 Hr Tractor, 235 Eng HP, Art. 0.90 Hr Lb Oz Pt Lb Pt 90.78 2.76 Tractor 0.04 0.22 0.18 1.67 0.15 0.41 0.96 1.44 Hr Hr Hr Hr Hr Hr Hr Hr Drag Scraper, 14' High Clearance Sprayer, Motor Grader, 12' Planter, Stanhay, 4 Row Sled Cultivator, 4Rw Tractor, 70 PTO HP, Tractor, 175 PTO HP, V-Ripper, 7 Shnk 135.00 150.00 2.00 12.00 2.00 Ga Th Pt Oz Lb Benefin Imidacloprid Permethrin Spreader-activator Water, District 3.50 Hr *NOTE: P = Previous Year C = Current Year N = Next Year ** A water assessment charge of $31.00 per Acre is included as an ownership cost in Table B. Truck Driver 0.45 0.09 0.09 0.45 0.22 0.02 0.45 0.45 Hr Hr Hr Hr Hr Hr Hr Hr 2.00 16.00 2.00 6.40 41.00 Pt Oz Oz Oz AI 1.60 Hr Table 7E. Schedule of Operations; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North First No. Month Times 41 1 2 3 3 4 5 6 7 8 9 9 9 10 11 11 12 13 13 14 14 15 16 17 18 18 19 19 20 20 21 22 22 23 24 24 25 26 26 27 28 Jul Jul Jul Jul Jul Jul Jul Aug Aug FARM: Yuma Vegetables ACRES: 1.0 YIELD: 823.0 Ct / Acre Operation 1.0 Rip 2.0 Disk 1.0 Laser Level 1.0 1.0 1.0 160.0 1.0 1.0 Make Borders Preirrigate Soil Fertility Dust Control Apply Fert/Ground Apply Herbicide/Ground WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Wheat, Winter Equipment/ Custom Oper HP Self-Prop./ Implement 175 V-Ripper, 7 Shnk 175 Offset Disk, 18' 175 Drag Scraper, 14' Laser, Complete System 60 Border Disk, 6' Disk Sep Sep 1.0 List 1.0 Shape Beds Sep Sep 1.0 Plant 1.0 Set Sprinklers Sep 1.0 Apply Insecticide/Air CST Air Spray, 5 Gal Mix 10.0 3.0 1.0 1.0 Irrigate/Sec Sys Field Scouting Apply Insect./Ground Apply Insect./Ground ---------- Material Use and Cost ---------Service Cost Name Appl. Rate $ / Unit $ / Unit 2.00 6.00 2.00 CST Scout For Insects CST Air Spray, 5 Gal Mix High Clearance Sprayer, 18 5.00 5.00 Imidacloprid 2.00 Head Lettuce Sd 5.70 Methomyl Permethrin Water, District Sep 1.0 Irrigate/Run Fertilizer Sep 1.0 Remove Sprinklers 60 Sprinkler Trailer Sep Oct 3.0 Make Ditches 4.0 Irrigate/Run Fertilizer Motor Grader, 12' 40.00 Oct Oct 1.0 Thinning 1.0 Cultivate Water, District 20-00-00, Amm. Nitrate, Oct Oct Nov Nov 1.0 Bird Control 1.0 Apply Insecticide/Air CST Bird Control CST Air Spray, 5 Gal Mix 12.00 AI Tractor Irrigators 0.00 AF 3.00 Ac 100.00 12.00 00-45-00, Treble 6.00 Benefin Pronamide 60.00 Spinosad 60.00 Methomyl Permethrin Water, District 20-00-00, Amm. Nitrate, 5.70 CST Thinning 80 Sled Cultivator, 4Rw Fertilizer Injector, 4 Row 1.0 Apply Fungicide/Ground High Clearance Sprayer, 18 1.0 Apply Insect./Ground High Clearance Sprayer, 18 Labor Type Tractor Tractor Tractor 40.00 Water, District CST Soil Analysis (Surface) Truck, 5 Ton w/1000 Gal Tank 60 Fertilizer Broadcaster, 100 Saddle Tk Sprayer, 2 Tk 8 Offset Disk, 18' Section Harrow, 3 Section 100 Lister, 5 Bottom 100 Bed Shaper, 6 Rw Saddle Tk Sprayer, 2 Tk 8 Row 100 Planter, Stanhay, 4 Row 60 Sprinkler Trailer Sep Sep Sep Sep Job Rate Acres/Hr TILLAGE: Double Crop SOIL: Sandy-Loam DATE: 8/13/01 Truck Tractor Tractor 450.00 Lb 260.00 Tn 2.00 Pt 8.69 Ga 2.00 Lb 26.27 Lb Tractor Tractor 16.00 Oz 588.40 Ga 150.00 Th 0.60 Th 4.00 Pt 48.94 Ga 2.00 Oz 120.50 Ga 1.10 AI 0.00 AF 6.00 4.00 2.00 3.00 10.00 Oz 609.67 Ga Pt 48.94 Ga Pt 108.50 Ga AI 0.00 AF Ga 155.00 Tn Tractor Tractor Irrigators 4.75 Ac Irrigators 10.00 Ac 4.75 Ac Tractor Tractor Irrigators Tractor Irrigators Tractor Irrigators 3.00 AI 0.00 AF 20.00 Ga 155.00 Tn 75.00 Ac 4.00 20-00-00, Amm. Nitrate, 60.00 Vinclozolin 60.00 Thiodicarb Cypermethrin Spinosad 20.00 Ga 155.00 Tn Tractor 2.00 Lb 24.59 Lb 2.00 Pt 49.04 Ga 2.00 Oz 291.66 Ga Tractor Tractor 6.00 Oz 609.67 Ga 6.10 Hr 4.75 Ac Table 7E. Schedule of Operations; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North First No. Month Times 29 29 30 31 31 31 32 33 34 35 FARM: Yuma Vegetables ACRES: 1.0 YIELD: 823.0 Ct / Acre Operation WATER SOURCE: Yuma County Water IRRIGATION SYSTEM: Flood Furrow PREVIOUS CROP: Wheat, Winter Equipment/ Custom Oper HP Self-Prop./ Implement Nov 1.0 Irrigate/Run Fertilizer Nov Nov 1.0 Hand Weeding 2.0 Apply Insect./Ground CST Hand Weeding High Clearance Sprayer, 18 Dec Dec Dec Jan 1.0 1.0 1.0 1.0 70 Border Disk, 6' Disk Motor Grader, 12' CST Harv/pack/haul Lettuce 175 Offset Disk, 18' Pickup Truck, 1/2 Ton Knock Borders Knock Ditches Harvest, Load & Haul Disk Residue Pickup use 50 Mi/Ac Job Rate Acres/Hr TILLAGE: Double Crop SOIL: Sandy-Loam DATE: 8/13/01 ---------- Material Use and Cost ---------Service Cost Name Appl. Rate $ / Unit $ / Unit Water, District 20-00-00, Amm. Nitrate, 3.00 AI 0.00 AF 25.00 Ga 155.00 Tn Labor Type Irrigators 75.00 Ac 60.00 Methomyl Cypermethrin Spreader-activator 40.00 40.00 1.00 Pt 48.94 Ga 5.00 Oz 291.66 Ga 3.20 Oz 13.50 Ga Tractor Tractor Tractor 2.40 Ct 6.00 0.60 *NOTES: Machine times, labor times, and material rates are for one time over the designated acreage. Tractor 42 Table 7F Operations Calendar; Fall Lettuce, 2001 COUNTY: Yuma CROP: Lettuce, Iceberg AREA: Yuma Valley North No. Operation FARM: Western Arizona Vegetables WATER SOURCE: YCWUA TILLAGE: Double Crop ACRES: 1 IRRIGATION SYSTEM: Flood Furrow SOIL: Sandy-Loam YIELD: 853 Ct/Acre PREVIOUS CROP: Wheat, Winter DATE: 03/25/2001 ----------------------------------------Month and Times Operation Performed ----------------------------------------------Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 43 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Rip Disk Laser Level Make Borders Preirrigate Soil Fertility Dust Control Apply Fert/Ground Apply Herbicide/Ground List Bed Shaping/Admire Plant Set Sprinklers Apply Insecticide/Air Irrigate/Sec Sys Field Scouting Apply Insect/Ground Apply Insect/Ground Irrigate/Run Fertilizer Remove Sprinklers Make Ditches Irrigate/Run Fertilizer Thinning Cultivate Apply Fungicide/Ground Apply Insect/Ground Bird Control Apply Insecticide/Air Irrigate/Run Fertilizer Hand Weeding Apply Insect./Ground 1C 32 Knock Borders 33 Knock Ditches 34 Harvest, Load & Haul 35 Disk Residue * NOTE: P = Previous Year C = Current Year 1C 2C 1C 1C 1C 1C 10 C 30 C 1C 1C 30 C 30 C 30 C 30 C 1C 1C 1C 1C 5C 1C 1C 5C 1C 1C 1C 1C 1C 1C 1C 1C 1C 1C 1C 1C 1C 1C 2C 1C 1C 1C 1C 1C 1C 1C .5 C .5 N 1N N = Next Year