Table 7A. Income and Cash Operating Summary; Grain Sorghum (Spring), 1998 Page 30

Transcription

1 Table 7A. Income and Cash Operating Summary; Grain Sorghum (Spring), 1998 Page 30 COUNTY: La Paz FARM: LaPaz County 98 WATER SOURCE: CRIR Irrigation Project TILLAGE: Conventional Item Unit Quantity Price/ Budgeted Total Your Farm Unit /Acre /Acre Budget INCOME Grain Pound 3, $0.11 $ $ 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) 0.00 Water Assessment (See Note Below) ** Other Purchased Inputs & Seed/Transplants TOTAL CASH LAND PREPARATION AND GROWING EXPENSES CASH HARVEST AND POST HARVEST EXPENSES Paid Labor (including benefits) 1.42 Tractor/Self Propelled 1.42 Farm Machinery and Vehicles 1.46 Diesel Fuel 0.61 Repairs and Maintenance 0.86 Custom Harvest/Post Harvest TOTAL HARVEST AND POST HARVEST EXPENSE OPERATING OVERHEAD PICKUP USE 7.69 OPERATING INTEREST AT 10.0% 9.48 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 $34.50 per Acre is included as an ownership cost in Table B.

2 Table 7B. Allocations of Ownership Costs; Grain Sorghum (Spring), 1998 Page CASH COST BASIS ($/ACRE) TOTAL COST BASIS ($/ACRE) -- Item Income and Costs Net Returns Income and Costs Net Returns TOTAL INCOME at $0.11 / Lb $ $ 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 9.12 Total Capital Allocations RETURNS TO LAND, CAPITAL, MANAGEMENT AND RISK ----> $ RETURNS TO LAND, MANAGEMENT AND RISK > $73.43 Land Cost / Rent or Lease Water Assessment Total Land Costs RETURNS TO CAPITAL, MANAGEMENT AND RISK > ($81.20) RETURNS TO MANAGEMENT AND RISK ---> ($111.07) Management Services (8% of Total Operation Expenses) TOTAL OWNERSHIP COST TOTAL COST ============= ============= $ $ RETURNS TO CAPITAL, MANAGEMENT AND RISK > ($81.20) RETURNS TO RISK (PROFITS) -> ($129.21) BREAK-EVEN PRICE TO COVER OPERATING COST ( PER Lb ) $0.07 $0.07 BREAK-EVEN PRICE TO COVER OWNERSHIP COST $0.06 $0.08 BREAK-EVEN PRICE TO COVER TOTAL COST $0.14 $0.15

3 Table 7C. Variable Operating Costs; Grain Sorghum (Spring), 1998 Page 32 First ---- Hours * Operating Costs ($/ACRE *) Per Operation ---- Tot. Cash No. Month Operation Machine Labor Fuel/Rps. Labor Cust/Serv. Materials Total Times Expenses Class 1 Feb Disk L 2 Feb Rip L 3 Feb List L 4 Feb Make Borders G 5 Mar Irrigate/Run Fertilizer G 6 Mar Knock Borders G 7 Mar Disk L 8 Mar Plant L 9 Mar Make Borders G 10 Apr Apply Herbicide/Air G 11 Apr Apply Insecticide/Air G 12 Apr Rerun Borders G 13 Apr Cultivate G 14 Apr Irrigate G 15 Jul Combine Harvest H 16 Jul Haul, Custom 36 CW H 17 Aug Cut Stalks 36 CW P 18 Aug Disk Residue 36 CW L Pickup Use30 Mi/Acre Operating Interest at ============= TOTAL CASH OPERATING EXPENSES (includes all times over): 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 $34.50 per Acre is included as an ownership cost in Table B. OPERATING COST SUMMARY BY CLASS SENSITIVITY OF THE NET REVENUES OVER TOTAL CASH EXPENSES ($/ACRE) Land Preparation (L) Prices - 25% - 10% Budgeted + 10% + 25% Growing (G) Yields $0.08 $0.10 $0.11 $0.12 $0.14 Break-even Price Harvest (H) Post Harvest (P) % 2, Marketing (M) % 2, Operating Overhead (O) Budgeted 3, ============= + 10% 3, Total (T) $ % 4, Break-even Yield 2, , , , ,373.66

4 Table 7D. Resource and Cash Flow Requirements; Grain Sorghum (Spring), 1998 Page 33 Water Operating Costs ($/ACRE *) Number Applied Total Purchased Fuel, Oil Other Month * Irrigations (inches) Labor (Hrs) Water and Repairs Labor Chemicals Purchases Services Total FEB C MAR C APR C MAY C JUL C AUG C Pickup Use30 Mi/Acre Operating Interest at Water Assessment ** Total % TOTAL RESOURCE REQUIREMENTS ( per Acre) TOTAL ENERGY REQUIREMENTS ( per Acre) Total N Diesel Fuel 16.3 Gal Total P 0.0 Unleaded Gas 3.0 Gal Total K 0.0 All Direct Energy 2.6 M BTU Total Labor 5.3 Total Water 36.0 EQUIPMENT REQUIREMENTS ( per Acre) Blade Scraper, 10' 0.27 Hr Border Disk, 6' Disk 0.32 Hr Dbl. Offset Disk, 16' 0.90 Hr Flail Stalk Cutter, 4 Row 0.15 Hr Lister, 7 Bottom 0.18 Hr Pickup Truck, 1/2 Ton 1.00 Hr Planter, Drill Type, 6 Row 0.15 Hr Rolling Cultivator, 6 Rw 0.15 Hr Tandem Disk, 12' 0.15 Hr Tractor, 80 PTO HP, 0.35 Hr Tractor, 100 PTO HP, 0.83 Hr Tractor, 150 PTO HP, 1.08 Hr Tractor, 175 PTO HP 0.30 Hr V-Ripper, 5 Shnk 0.30 Hr MATERIALS REQUIREMENT ( per Acre) , Anhyd Lb Dicamba 0.50 Pt Disulfoton 1.00 Pt Grain Sorghum Sd Lb Water, District AI LABOR REQUIREMENT ( per Acre) Irrigators 2.40 Hr Tractor 2.85 Hr *NOTE: P = Previous Year C = Current Year N = Next Year ** A water assessment charge of $34.50 per Acre is included as an ownership cost in Table B.

5 Table 7E. Schedule of Operations; Grain Sorghum (Spring), 1998 Page 34 First Equipment/ Custom Oper Job Rate Material Use and Cost Service Cost Labor No.Month Times Operation HP Self-Prop./ Implement Acres/Hr Name Appl. Rate $ / Unit $ / Unit Type 1 Feb 2.0 Disk 150 Dbl. Offset Disk, 16' 3.00 Tractor 2 Feb 1.0 Rip 175 V-Ripper, 5 Shnk 3.00 Tractor 3 Feb 1.0 List 150 Lister, 7 Bottom 5.00 Tractor 4 Feb 1.0 Make Borders 100 Border Disk, 6' Disk 8.00 Tractor 5 Mar 4.0 Irrigate/Run Fertilizer 2.50 Water, District 6.00 AI 0.00 AF Irrigators , Anhyd Lb Tn 6 Mar 3.0 Knock Borders 100 Blade Scraper, 10' Tractor 7 Mar 1.0 Disk 100 Tandem Disk, 12' 6.00 Tractor 8 Mar 1.0 Plant 100 Planter, Drill Type, 6 Row 6.00 Grain Sorghum Sd Lb CW Tractor 9 Mar 1.0 Make Borders 80 Border Disk, 6' Disk 8.00 Tractor 10 Apr 1.0 Apply Herbicide/Air CST Air Spray, 5 Gal Mix Dicamba 0.50 Pt Ga 4.75 Ac 11 Apr 1.0 Apply Insecticide/Air CST Air Spray, 3 Gal Mix Disulfoton 1.00 Pt Ga 4.23 Ac 12 Apr 1.0 Rerun Borders 80 Border Disk, 6' Disk Tractor 13 Apr 1.0 Cultivate 80 Rolling Cultivator, 6 Rw 6.00 Tractor 14 Apr 2.0 Irrigate 2.50 Water, District 6.00 AI 0.00 AF Irrigators 15 Jul 1.0 Combine Harvest CST Combine Grain Sorghum Ac 16 Jul 1.0 Haul, Custom CST Haul Grain 0.25 C 17 Aug 1.0 Cut Stalks 100 Flail Stalk Cutter, 4 Row 6.00 Tractor 18 Aug 1.0 Disk Residue 150 Dbl. Offset Disk, 16' 3.00 Tractor Pickup use 30 Mi/Ac Pickup Truck, 1/2 Ton 1.00 *NOTES: Machine times, labor times, and material rates are for one time over the designated acreage.