PROJECTED COSTS AND RETURNS FOR CRAWFISH AND CATFISH PRODUCTION IN LOUISIANA, 1997

Transcription

1 January 1997 A.E.A. Information Series No. 149 PROJECTED COSTS AND RETURNS FOR CRAWFISH AND CATFISH PRODUCTION IN LOUISIANA, 1997 by Robert W. Boucher and Jeffrey M. Gillespie Louisiana State University Agricultural Center H. Rouse Caffey, Chancellor Louisiana Agricultural Experiment Station R. Larry Rogers, Vice-Chancellor and Director Department of Agricultural Economics and Agribusiness The Louisiana Agricultural Experiment Station follows a non-discriminatory policy in programs and employment.

2 TABLE OF CONTENTS PAGE INTRODUCTION... B-1 CRAWFISH BUDGETS... B-1 CATFISH BUDGETS... B-2 SUMMARY... B-2 Table LIST OF TABLES 1 A Summary of Projected Costs per Acre for Crawfish and Crawfish-Rice Production, Louisiana, B-3 2 Breakeven Selling Prices for Crawfish for Selected Yield Levels, Louisiana, B-3 3 A Summary of Projected Costs and Returns per Acre for Catfish Production, Louisiana, B-4 4 Breakeven Selling Prices for Catfish for Selected Yield Levels, Louisiana, B-4 5A Estimated Costs and Returns per Acre Single Crop Crawfish, Owner Operators, North Louisiana, B-5 6A 7A 8A Estimated Costs and Returns per Acre Single Crop Crawfish, Owner-Operators, Southwest Louisiana, B-6 Estimated Costs and Returns per Acre Recirculating Single Crop Crawfish, Owner-Operators, Gasoline Powered Aerator, Southwest Louisiana, B-7 Estimated Costs and Returns per Acre Recirculating Single Crop Crawfish, Owner-Operators, Electric Powered Aerator, Southwest Louisiana, B-8 9A Estimated Costs and Returns per Acre Rice-Crawfish Double Drop, Owner-Operators,... B-9 10A Estimated Costs and Returns per Acre Catfish - Owner Operator, 10-Acre Ponds, Louisiana, B-10 11A Estimated Costs and Returns per Acre Catfish - Owner Operator, 10-Acre Ponds with Generator, Louisiana, B-11 12A Estimated Costs and Returns per Acre Catfish - Tenant Operator, 10-Acre Ponds, Louisiana, B-12 13A Estimated Costs and Returns per Acre Catfish - Tenant Operator, 10-Acre Ponds with Generator, Louisiana, B-13 14A Estimated Costs and Returns per Acre Catfish - Owner Operator, 15-Acre Ponds, Louisiana, B-14 15A 5B 6B Estimated Costs and Returns per Acre Catfish - Owner Operator, 15-Acre Ponds with Generator, Louisiana, B-15 Estimated Resource Use and Costs per Acre for Operations Single Crop Crawfish, Owner-Operators, North Louisiana, B-16 Estimated Resource Use and Costs per Acre for Operations Single Crop Crawfish, Owner-Operators, Southwest Louisiana, B-17

3 7B 8B 9B 10B 11B 12B 13B 14B 15B Estimated Resource Use and Costs per Acre for Operations Recirculating Single Srop Crawfish, Owner-Operators, Gasoline Powered Aerator, Southwest Louisiana, B-18 Estimated Resource Use and Costs per Acre for Operations Recirculating Single Crop Crawfish, Owner-Operators, Electric Powered Aerator, Southwest Louisiana, B-19 Estimated Resource Use and Costs per Acre for Operations Rice - Crawfish Double Crop, Owner-Operators, Southwest Louisiana, B-20 Estimated Resource Use and Costs per Acre for Operations Catfish, Owner-Operator, 10-Acre Ponds, Louisiana, B-21 Estimated Resource Use and Costs per Acre for Operations Catfish, Owner-Operator, 10-Acre Ponds with Generator, Louisiana, B-23 Estimated Resource Use and Costs per Acre for Operations Catfish, Tenant-Operator, 10-Acre Ponds, Louisiana, B-25 Estimated Resource Use and Costs per Acre for Operations Catfish, Tenant-Operator, 10-Acre Ponds with Generator, Louisiana, B-27 Estimated Resource Use and Costs per Acre for Operations Catfish, Owner-Operator, 15-Acre Ponds, Louisiana, B-29 Estimated Resource Use and Costs per Acre for Operations Catfish, Owner-Operator, 15-Acre Ponds with Generator, Louisiana, B-31 APPENDIX TABLE 1 Operating Inputs: Estimated Prices, Louisiana, B-33 2 Powered Equipment: Estimated Useful Life, Annual Use, Purchase Price, Repair Cost, Fuel Consumption Rate, and Direct and Fixed Cost per Hour, Louisiana, B-33 3 Implements: Estimated Performance Rate, Useful Life, Annual Use, Purchase Price, Repair Cost, and Direct and Fixed Cost per Hour and per Acre, Louisiana, B-34 4 Other Durable Inputs: Estimated Repair Cost, Fuel Consumption Rate, Direct Cost per Unit of Measure, and Fixed Cost per Unit of Measure or per Acre, Louisiana, B-34 5 Estimated Costs per Acre Overhead Costs, Tenant-Operator, Louisiana, B-35 6 Estimated Costs per Acre Overhead Costs, Owner-Operators, Louisiana, B-36 ACKNOWLEDGEMENTS The authors expresses appreciation to the many producers, LCES, and LAES personnel who cooperated in providing information and review of the production practice and performance data incorporated into budget estimates. Specific recognition is extended to Dwight Landreneau, Tom Hymel, Mark Shirley, Greg Lutz, Jimmy Avery, Kenneth Roberts, Wendell Lorio and Al Ortego of Louisiana Cooperative Extension Service. The authors are also indebted to Dr. Kenneth W. Paxton of the Department of Agricultural Economics and Agribusiness for review and support of this publication.

4 PROJECTED COSTS AND RETURNS FOR CRAWFISH AND CATFISH PRODUCTION IN LOUISIANA, 1997 by Robert W. Boucher and Jeffery M. Gillespie 1 INTRODUCTION Aquaculture production enterprises, like other farm enterprises, require advanced planning to make production and marketing management decisions that are likely to result in profits. The purpose of this report is to provide production cost estimates for selected aquaculture enterprises to assist aquaculture producers in making production decisions and obtain adequate financing. Aquaculture enterprises and their associated costs differ considerably among producers and resource situations. The projected costs presented here should not be interpreted as averages for producers in the industry. The purpose of the cost projections is to provide some guidelines whereby producers and others with an interest in aquaculture production costs can make cost estimates appropriate to their unique situation that will facilitate sound management decisions. Data used in development of the budgets is a combination of information obtained directly from producers, Louisiana Cooperative Extension Specialists and Louisiana Agricultural Experiment Station Scientists. Current machinery and other input price data were combined with production practice data using the Microcomputer Enterprise Budget Generator developed at Mississippi State University. Fixed costs were estimated based on typical rates of use and sizes of operations. Production budget estimates are presented on a 'per acre' basis to facilitate using the estimates for different size operations. Overhead costs associated with operation of the farm business have been allocated as a residual claimant on a per acre basis in the enterprise budgets, but have not been included in the computation of breakeven selling prices. CRAWFISH BUDGETS Crawfish budgets are presented for five production-marketing situations. They are based primarily on a 1990 survey of 39 commercial crawfish producers with supplemental information provided by researchers and Cooperative Extension service personnel. The personal interview survey collected information on production, harvesting, and marketing practices. Budgets are presented for three owner-operator situations without aeration that typify producers included in the survey: 1) Southwest Louisiana single crop ponds, 2) Southwest Louisiana rice-crawfish double crop, and 3) Northeast Louisiana single crop ponds. Budgets for two additional owner-operator situations using recirculating aerators are included to represent technology currently available: 1) Southwest Louisiana single crop ponds with gasoline recirculating aerators, and 2) Southwest Louisiana single crop ponds with electric recirculating aerators. Fixed costs for nonaerated systems were based on a 120 acre production unit consisting of six 20-acre ponds configured in two 60-acre units. Fixed costs for aerated systems were based on a 120 acre production unit consisting of six 20-acre ponds configured in three 40-acre units to facilitate servicing aerators and providing electrical service. 1 Research Associate and Assistant Professor, respectively, Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge.

5 Harvesting was assumed performed by one person using a power boat with 20 traps per acre. In Southwest Louisiana, harvesting was assumed to occur every other day during December through February and daily throughout the remainder of the season. In Northeast Louisiana, harvesting was assumed to occur daily throughout the season to accommodate retail marketing. Seasonal yield distributions reflect those reported by surveyed producers. Total season yields are not absolute sample averages, but reflect typical yields reported by respondents. No crawfish returns are included since there are no publicly published sources of crawfish prices. Marketing costs included in the budgets assume that the product is sold to processors and wholesalers in Southwest Louisiana and is sold retail in Northeast Louisiana. CATFISH BUDGETS Catfish production cost projections are presented for six situations to provide comparisons for tenure, fuel source and pond size. The six situations presented include: 1) owner-operator, electric power, 10-acre pond size, 2) owner-operator, diesel power, 10-acre pond size, 3) tenant-operator, electric power, 10-acre pond size, 4) tenant-operator, diesel power, 10-acre pond size, 5) owneroperator, electric power, 15-acre pond size, and 6) owner-operator, diesel power, 15-acre pond size. Fixed costs are based on a 60-acre production unit for all situations, i.e. four 15-acre or six 10-acre ponds. Budget information is presented on a per water-acre basis to facilitate comparisons among pond and production unit sizes. Overhead costs in the budgets are based on 1.2 acres of land associated with each water-acre of pond area. Production practices are based on information obtained from discussions with producers, extension specialists and researchers. Custom harvesting and custom stocking are assumed in all situations. Monthly feed requirements were based on a series of simulations using the GROWCAT simulation model, accounting for temperature, mortality and fish growth rates. The four 15-acre pond and six 10-acre pond scenarios were each simulated for a seven-year period to obtain feed requirements, harvest dates and quantities. Budgets were then prepared to show the average annual costs and returns per water-acre. SUMMARY Table 1 presents a summary comparison of projected costs and yields per acre for the five crawfish production situations. Breakeven selling prices required to recover costs are presented in Table 2 for five alternative yield levels for each crawfish situation. Costs and returns for the six catfish production situations are summarized and compared in Table 3. Breakeven selling prices required to recover direct cash expenditures and total specified production costs are presented in Table 4 for each of the six production situations and five alternative yield levels. Tables with an "A" designation provide estimated cost budgets, whereas tables with a "B" designation show costs for detailed operations. B-2

6 Table 1. A Summary of Projected Costs and Returns per Acre for Crawfish and Crawfish-Rice Production in Lousiana, Yield Direct Fixed Total Crop Description Per Acre Expenses Expenses Expenses -- Pounds Dollars per Acre---- Crawfish Enterprises: Northeast Lousiana b Non-aerated, Owner Southwest Lousiana b Non-aerated, Owner b Gasoline recirculating, Owner b Electric recirculating, Owner a Crawfish-Rice, Owner b c a Income for rice was calculated by multiplying the market price of $9.75 by actual yield. b Land costs are not included. c Yield includes 900 lbs of crawfish and 42 cwt of rice. Table 2. Breakeven Selling Prices for Crawfish for Selected Yield Levels, Louisiana, Total Total Base Yield Level Costs Variable Yield Base a Costs Level Dollar/Acre--- lb. Price or Avg. Cost Dollars/Lb PRICES REQUIRED TO RECOVER TOTAL SPECIFIED COSTS Crawfish Enterprises: Northeast Louisiana Non-aerated, Owner Southwest Louisiana Non-aerated, Owner Gasoline recirculating, Owner Electric recirculating, Owner b Crawfish-Rice, Owner PRICES REQUIRED TO RECOVER VARIABLE COSTS Crawfish Enterprises: Northeast Louisiana Non-aerated, Owner Southwest Louisiana Non-aerated, Owner Gasoline recirculating, Owner Electric recirculating, Owner b Crawfish-Rice, Owner a Land costs are not included. b Breakeven Selling Prices for Crawfish double cropped with rice represents the net cost of producing crawfish in the double crop situation compared to producing rice alone. B-3

7 Table 3. A Summary of projected Costs and Returns per Acre for Catfish Production in Lousiana, Returns Returns Over Over Yield Total Direct Direct Fixed Total Total Crop Description Per Acre Income Expenses Expenses Expenses Expenses Expenses ---- Cwt. --- Dollars per Acre - Catfish Enterprises: a Six 10 acre ponds, Elec Pwr, Owner a Six 10 acre ponds, Diesel Pwr, Owner b Six 10 acre ponds, Elec Pwr, Tenant b Six 10 acre ponds, Diesel Pwr, Tenant a Four 15 acre ponds, Elec Pwr, Owner a Four 15 acre ponds, Diesel Pwr, Owner a Land costs are not included for owner-operator. b Rental arrangements consist of a yearly fee of $250 per acre for electric powered units and $265 per acre for diesel powered units. This arrangement specifies that the landlord provides most fixed equipment items. Table 4. Breakeven Selling Prices for Catfish for Selected Yield Levels, Louisiana, Total Total Base Yield Level Costs Variable Yield Base Costs Level Dollar/Acre--- cwt. Price or Avg. Cost ---- Dollars/Cwt. PRICES REQUIRED TO RECOVER TOTAL SPECIFIED COSTS Catfish Enterprises: a Six 10 acre ponds, Elec Pwr, Owner a Six 10 acre ponds, Diesel Pwr, Owner b Six 10 acre ponds, Elec Pwr, Tenant b Six 10 acre ponds, Diesel Pwr, Tenant a Four 15 acre ponds, Elec Pwr, Owner a Four 15 acre ponds, Diesel Pwr, Owner PRICES REQUIRED TO RECOVER VARIABLE COSTS a Six 10 acre ponds, Elec Pwr, Owner a Six 10 acre ponds, Diesel Pwr, Owner b Six 10 acre ponds, Elec Pwr, Tenant b Six 10 acre ponds, Diesel Pwr, Tenant a Four 15 acre ponds, Elec Pwr, Owner a Four 15 acre ponds, Diesel Pwr, Owner a Land costs are not included for owner-operator. b Rental arrangements consist of a yearly fee of $250 per acre for electric powered units and $265 per acre for diesel powered units. This arrangement specifies that the landlord provides most fixed equipment items. B-4

8 Table 5.A Estimated costs and returns per acre, Single crop crawfish, Owner-Operators, North Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs Crawfish (June) lbs DIRECT EXPENSES BAIT CF bait - manufac lbs FERTILIZER Nitrogen lbs Phosphate lbs Potash lbs HIRED LABOR Other labor hour OTHER Hip Boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour IRRIGATION LABOR IRR CF North hour DIESEL FUEL Tractors gal IRR CF North gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre IRR CF North acre P&E CF North acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre IRR CF North acre P&E CF North acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead (owner) acre Land ( oppor. cost ) acre B-5

9 Table 6.A Estimated costs and returns per acre, Single crop crawfish, Owner-Operators, Southwest Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Crawfish (December) lbs Crawfish (January) lbs Crawfish (February) lbs Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs DIRECT EXPENSES CUSTOM Airplane seed cwt Airplane Fert cwt BAIT CF bait - fish lbs CF bait - manufac lbs FERTILIZER Urea (45%) lbs HIRED LABOR Other labor hour OTHER Hip Boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour IRRIGATION LABOR IRR CF Single hour DIESEL FUEL Tractors gal IRR CF Single gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Single acre P&E CF Single acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Single acre P&E CF Single acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead (owner) acre Land ( oppor. cost) acre B-6

10 Table 7.A Estimated costs and returns per acre, Recirculating single crop crawfish, Owner-Operators, Gasoline powered aerator, Southwest Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Crawfish (December) lbs Crawfish (January) lbs Crawfish (February) lbs Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs DIRECT EXPENSES CUSTOM Airplane seed cwt Airplane Fert cwt BAIT CF bait - fish lbs CF bait - manufac lbs FERTILIZER Urea (45%) lbs HIRED LABOR Other labor hour OTHER Hip Boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour HP PW CF(gasoline) hour IRRIGATION LABOR IRR CF Single hour DIESEL FUEL Tractors gal IRR CF Single gal GASOLINE Self-Propelled Eq. gal HP PW CF(gasoline) gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Single acre HP PW CF(gasoline) acre CF P&E (recirculate) acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Single acre HP PW CF(gasoline) acre CF P&E (recirculate) acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead (owner) acre Land ( oppor. cost ) acre B-7

11 Table 8.A Estimated costs and returns per acre, Recirculating single crop crawfish, Owner-Operators, Electric powered aerator, Southwest Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Crawfish (December) lbs Crawfish (January) lbs Crawfish (February) lbs Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs DIRECT EXPENSES CUSTOM Airplane seed cwt Airplane Fert cwt BAIT CF bait - fish lbs CF bait - manufac lbs FERTILIZER Urea (45%) lbs HIRED LABOR Other labor hour OTHER Hip Boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour IRRIGATION LABOR IRR CF Single hour DIESEL FUEL Tractors gal IRR CF Single gal ELECTRICITY 10 HP PW EL (CF) kwh GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Single acre CF P&E (recirculate) acre HP PW EL (CF) acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Single acre CF P&E (recirculate) acre HP PW EL (CF) acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead (owner) acre Land ( oppor. cost ) acre B-8

12 Table 9.A Estimated costs and returns per acre, Rice-Crawfish double crop, Owner-Operators, Southwest Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Rice cwt Rice Checkoff cwt Crawfish (December) lbs Crawfish (January) lbs Crawfish (February) lbs Crawfish (March) lbs Crawfish (April) lbs TOTAL INCOME DIRECT EXPENSES CUSTOM Airplane Fert cwt Airplane seed cwt Airplane Stam acre Drying Rice cwt Storage Rice cwt BAIT CF bait - fish lbs CF bait - manufac lbs FERTILIZER Nitrogen lbs Phosphate lbs Potash lbs HERBICIDES Stam M4 qt HIRED LABOR Other labor hour OTHER Seed Crawfish lbs Hip Boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour IRRIGATION LABOR IRR CF Double hour OWNER LABOR Self-Propelled Eq. hour DIESEL FUEL Tractors gal Self-Propelled Eq. gal IRR CF Double gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Double acre P&E CF Double acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre IRR CF Double acre P&E CF Double acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RICE RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead (owner) acre RICE RESIDUAL RETURNS Land ( oppor. cost ) acre RICE RESIDUAL RETURNS B-9

13 Table 10.A Estimated costs and returns per acre, Catfish, owner-operator, 10 acre ponds, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish Feed ton Medicated feed HERBICIDES ton Spring Chemicals Fall chemicals lbs lbs HIRED LABOR Other labor hour OTHER Propane Shotgun Shells tank box Fingerlings OPERATOR LABOR thou Tractors Self-Propelled Eq. hour hour HP Aerator-10 Feeder Truck hour hour IRRIGATION LABOR Catfish Irr hour DIESEL FUEL Tractors gal ELECTRICITY 10HP Aerator-10 kwh Catfish Irr GASOLINE kwh Self-Propelled Eq. Feeder Truck gal gal REPAIR & MAINTENANCE Implements acre Tractors Self-Propelled Eq. acre acre HP Aerator-10 Feeder Truck acre acre Catfish P&E 6x10 acre Catfish Irr INTEREST ON OP. CAP. acre acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors Self-Propelled Eq. acre acre HP Aerator-10 Feeder Truck acre acre Catfish P&E 6x10 Catfish Irr acre acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead-owner pond acre RESIDUAL RETURNS B-10

14 Table 11.A Estimated costs and returns per acre, Catfish, owner-operator, 10 acre ponds with generator, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish Feed ton Medicated feed HERBICIDES ton Spring Chemicals Fall chemicals lbs lbs HIRED LABOR Other labor hour OTHER Propane Shotgun Shells tank box Fingerlings OPERATOR LABOR thou Tractors Self-Propelled Eq. hour hour HP Aerator-10(D) Feeder Truck hour hour IRRIGATION LABOR Catfish Irr (D) hour DIESEL FUEL Tractors gal HP Aerator-10(D) Catfish Irr (D) gal gal GASOLINE Self-Propelled Eq. gal Feeder Truck REPAIR & MAINTENANCE gal Implements Tractors acre acre Self-Propelled Eq. 10HP Aerator-10(D) acre acre Feeder Truck Catfish P&E 6x10 acre acre Catfish Irr (D) acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements Tractors acre acre Self-Propelled Eq. 10HP Aerator-10(D) acre acre Feeder Truck Catfish P&E 6x10 acre acre Catfish Irr (D) acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead-owner pond RESIDUAL RETURNS acre B-11

15 Table 12.A Estimated costs and returns per acre, Catfish, tenant-operator, 10 acre ponds, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish Feed ton Medicated feed HERBICIDES ton Spring Chemicals Fall chemicals lbs lbs HIRED LABOR Other labor hour OTHER Rent (catfish elec) acre Propane tank Shotgun Shells Fingerlings box thou OPERATOR LABOR Tractors hour Self-Propelled Eq. Feeder Truck hour hour HP Aerator-10(R) IRRIGATION LABOR hour Catfish irr (R) DIESEL FUEL hour Tractors ELECTRICITY gal Catfish irr (R) 10HP Aerator-10(R) kwh kwh GASOLINE Self-Propelled Eq. gal Feeder Truck REPAIR & MAINTENANCE gal Implements Tractors acre acre Self-Propelled Eq. Catfish irr (R) acre acre Catfish P&E 6x10 (R) acre Feeder Truck 10HP Aerator-10(R) acre acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements Tractors acre acre Self-Propelled Eq. acre Catfish P&E 6x10 (R) acre Feeder Truck acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead-tenant pond RESIDUAL RETURNS acre B-12

16 Table 13.A Estimated costs and returns per acre, Catfish, tenant-operator, 10 acre ponds with generator, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish Feed ton Medicated feed HERBICIDES ton Spring Chemicals Fall chemicals lbs lbs HIRED LABOR Other labor hour OTHER Rent (catfish dies) acre Propane tank Shotgun Shells Fingerlings box thou OPERATOR LABOR Tractors hour Self-Propelled Eq. Feeder Truck hour hour HP Aerator-10(D,R) hour IRRIGATION LABOR Catfish Irr (D,R) DIESEL FUEL hour Tractors Catfish Irr (D,R) gal gal HP Aerator-10(D,R) gal GASOLINE Self-Propelled Eq. Feeder Truck gal gal REPAIR & MAINTENANCE Implements acre Tractors Self-Propelled Eq. acre acre Catfish P&E 6x10 (R) acre Feeder Truck acre Catfish Irr (D,R) acre HP Aerator-10(D,R) acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors Self-Propelled Eq. acre acre Catfish P&E 6x10 (R) acre Feeder Truck acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead-tenant pond acre RESIDUAL RETURNS B-13

17 Table 14.A Estimated costs and returns per acre, Catfish, owner-operator, 15 acre ponds, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish Feed ton Medicated feed HERBICIDES ton Spring Chemicals Fall chemicals lbs lbs HIRED LABOR Other labor hour OTHER Propane Shotgun Shells tank box Fingerlings OPERATOR LABOR thou Tractors Self-Propelled Eq. hour hour Feeder Truck 10HP Aerator-15 hour hour IRRIGATION LABOR Catfish Irr hour DIESEL FUEL Tractors gal ELECTRICITY Catfish Irr kwh HP Aerator-15 GASOLINE kwh Self-Propelled Eq. Feeder Truck gal gal REPAIR & MAINTENANCE Implements acre Tractors Self-Propelled Eq. acre acre Feeder Truck Catfish P&E 4x15 acre acre Catfish Irr acre HP Aerator-15 INTEREST ON OP. CAP. acre acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors Self-Propelled Eq. acre acre Feeder Truck Catfish P&E 4x15 acre acre Catfish Irr 10HP Aerator-15 acre acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead-owner pond acre RESIDUAL RETURNS B-14

18 Table 15.A Estimated costs and returns per acre, Catfish, owner-operator, 15 acre ponds with generator, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM INCOME Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish Feed ton Medicated feed HERBICIDES ton Spring Chemicals Fall chemicals lbs lbs HIRED LABOR Other labor hour OTHER Propane Shotgun Shells tank box Fingerlings OPERATOR LABOR thou Tractors Self-Propelled Eq. hour hour Feeder Truck 10HP Aerator-15(D) hour hour IRRIGATION LABOR Catfish Irr (D) hour DIESEL FUEL Tractors gal Catfish Irr (D) 10HP Aerator-15(D) gal gal GASOLINE Self-Propelled Eq. gal Feeder Truck REPAIR & MAINTENANCE gal Implements Tractors acre acre Self-Propelled Eq. Feeder Truck acre acre Catfish P&E 4x15 Catfish Irr (D) acre acre HP Aerator-15(D) acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements Tractors acre acre Self-Propelled Eq. Feeder Truck acre acre Catfish P&E 4x15 Catfish Irr (D) acre acre HP Aerator-15(D) acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead-owner pond RESIDUAL RETURNS acre B-15

19 Table 5.B Estimated resource use and costs per acre for field operations, Single crop crawfish, Owner-Operators, North Louisiana, _ TRACTOR COST EQUIP COST ALLOC LABOR OPERATING INPUT OPERATION/ SIZE/ TRACTOR PERF TIMES TOTAL OPERATING INPUT UNIT SIZE RATE OVER MTH DIRECT FIXED DIRECT FIXED HOURS COST AMOUNT PRICE COST COST _ P&E CF North acre 1.00 Jul Disk 20 ft Jul Fertilizer buggy 30 ft Jul Nitrogen lbs Phosphate lbs Potash lbs Rotary mower-levees 6.7 ft Jul Grain drill 20 ft Jul Rice seed lbs Rotary mower-levees 6.7 ft Aug Rotary mower-levees 6.7 ft Sep IRR CF North acin 1.00 Oct Hip Boots pair Other labor hour Rotary mower-levees 6.7 ft Oct IRR CF North acin 1.00 Nov IRR CF North acin 1.00 Dec IRR CF North acin 1.00 Jan IRR CF North acin 1.00 Feb Crawfish combine 12 hp Mar CF bait - manufac lbs Sacks each IRR CF North acin 1.00 Mar Crawfish combine 12 hp Apr CF bait - manufac lbs Sacks each IRR CF North acin 1.00 Apr Rotary mower-levees 6.7 ft Apr Crawfish combine 12 hp May CF bait - manufac lbs Sacks each IRR CF North acin 1.00 May Rotary mower-levees 6.7 ft May Crawfish combine 12 hp Jun CF bait - manufac lbs Sacks each IRR CF North acin 1.00 Jun Other labor hour Rotary mower-levees 6.7 ft Jun TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST _ B-16

20 Table 6.B Estimated resource use and costs per acre for field operations, Single crop crawfish, Owner-Operators, Southwest Louisiana, _ TRACTOR COST EQUIP COST ALLOC LABOR OPERATING INPUT OPERATION/ SIZE/ TRACTOR PERF TIMES TOTAL OPERATING INPUT UNIT SIZE RATE OVER MTH DIRECT FIXED DIRECT FIXED HOURS COST AMOUNT PRICE COST COST _ P&E CF Single acre 1.00 Jul Disk 20 ft Jul IRR CF Single acin 1.00 Jul Other labor hour Airplane seed cwt 1.00 Jul Rice seed lbs Rotary mower-levees 6.7 ft Jul Airplane Fert cwt 1.00 Jul Urea (45%) lbs IRR CF Single acin 1.00 Aug Rotary mower-levees 6.7 ft Aug IRR CF Single acin 1.00 Sep Rotary mower-levees 6.7 ft Sep IRR CF Single acin 1.00 Oct Hip Boots pair Other labor hour Rotary mower-levees 6.7 ft Oct IRR CF Single acin 1.00 Nov Crawfish combine 12 hp Dec CF bait - fish lbs Sacks each IRR CF Single acin 1.00 Dec Pickup truck 1/2 ton Dec Crawfish combine 12 hp Jan CF bait - fish lbs Sacks each IRR CF Single acin 1.00 Jan Pickup truck 1/2 ton Jan Crawfish combine 12 hp Feb CF bait - fish lbs Sacks each IRR CF Single acin 1.00 Feb Pickup truck 1/2 ton Feb Crawfish combine 12 hp Mar CF bait - manufac lbs CF bait - fish lbs Sacks each IRR CF Single acin 1.00 Mar Pickup truck 1/2 ton Mar Crawfish combine 12 hp Apr CF bait - manufac lbs Sacks each IRR CF Single acin 1.00 Apr Pickup truck 1/2 ton Apr Rotary mower-levees 6.7 ft Apr Crawfish combine 12 hp May CF bait - manufac lbs Sacks each IRR CF Single acin 1.00 May Other labor hour Pickup truck 1/2 ton May Rotary mower-levees 6.7 ft May Rotary mower-levees 6.7 ft Jun TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST _ B-17

21 Table 7.B Estimated resource use and costs per acre for field operations, Recirculating single crop crawfish, Owner-Operators, Gasoline powered aerator, Southwest Louisiana, _ TRACTOR COST EQUIP COST ALLOC LABOR OPERATING INPUT OPERATION/ SIZE/ TRACTOR PERF TIMES TOTAL OPERATING INPUT UNIT SIZE RATE OVER MTH DIRECT FIXED DIRECT FIXED HOURS COST AMOUNT PRICE COST COST _ CF P&E (recirculate) acre 1.00 Jul Disk 20 ft Jul IRR CF Single acin 1.00 Jul Other labor hour Airplane seed cwt 1.00 Jul Rice seed lbs Rotary mower-levees 6.7 ft Jul Airplane Fert cwt 1.00 Jul Urea (45%) lbs IRR CF Single acin 1.00 Aug Rotary mower-levees 6.7 ft Aug IRR CF Single acin 1.00 Sep Rotary mower-levees 6.7 ft Sep HP PW CF(gasoline) hour 1.00 Oct IRR CF Single acin 1.00 Oct Hip Boots pair Other labor hour Pickup truck 1/2 ton Oct Rotary mower-levees 6.7 ft Oct HP PW CF(gasoline) hour 1.00 Nov IRR CF Single acin 1.00 Nov Pickup truck 1/2 ton Nov Crawfish combine 12 hp Dec CF bait - fish lbs Sacks each HP PW CF(gasoline) hour 1.00 Dec Pickup truck 1/2 ton Dec Crawfish combine 12 hp Jan CF bait - fish lbs Sacks each Other labor hour 1.00 Jan Pickup truck 1/2 ton Jan Crawfish combine 12 hp Feb CF bait - fish lbs Sacks each IRR CF Single acin 1.00 Feb Pickup truck 1/2 ton Feb Crawfish combine 12 hp Mar CF bait - manufac lbs CF bait - fish lbs Sacks each HP PW CF(gasoline) hour 1.00 Mar Pickup truck 1/2 ton Mar Crawfish combine 12 hp Apr CF bait - manufac lbs Sacks each HP PW CF(gasoline) hour 1.00 Apr Pickup truck 1/2 ton Apr Rotary mower-levees 6.7 ft Apr Crawfish combine 12 hp May CF bait - manufac lbs Sacks each HP PW CF(gasoline) hour 1.00 May Other labor hour Pickup truck 1/2 ton May Rotary mower-levees 6.7 ft May Rotary mower-levees 6.7 ft Jun TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST _ B-18

22 Table 8.B Estimated resource use and costs per acre for field operations, Recirculating single crop crawfish, Owner-Operators, Electric powered aerator, Southwest Louisiana, _ TRACTOR COST EQUIP COST ALLOC LABOR OPERATING INPUT OPERATION/ SIZE/ TRACTOR PERF TIMES TOTAL OPERATING INPUT UNIT SIZE RATE OVER MTH DIRECT FIXED DIRECT FIXED HOURS COST AMOUNT PRICE COST COST _ CF P&E (recirculate) acre 1.00 Jul Disk 20 ft Jul IRR CF Single acin 1.00 Jul Other labor hour Airplane seed cwt 1.00 Jul Rice seed lbs Rotary mower-levees 6.7 ft Jul Airplane Fert cwt 1.00 Jul Urea (45%) lbs IRR CF Single acin 1.00 Aug Rotary mower-levees 6.7 ft Aug IRR CF Single acin 1.00 Sep Rotary mower-levees 6.7 ft Sep HP PW EL (CF) hour 1.00 Oct IRR CF Single acin 1.00 Oct Hip Boots pair Other labor hour Pickup truck 1/2 ton Oct Rotary mower-levees 6.7 ft Oct HP PW EL (CF) hour 1.00 Nov IRR CF Single acin 1.00 Nov Pickup truck 1/2 ton Nov Crawfish combine 12 hp Dec CF bait - fish lbs Sacks each HP PW EL (CF) hour 1.00 Dec Pickup truck 1/2 ton Dec Crawfish combine 12 hp Jan CF bait - fish lbs Sacks each Other labor hour 1.00 Jan Pickup truck 1/2 ton Jan Crawfish combine 12 hp Feb CF bait - fish lbs Sacks each IRR CF Single acin 1.00 Feb Pickup truck 1/2 ton Feb Crawfish combine 12 hp Mar CF bait - manufac lbs CF bait - fish lbs Sacks each HP PW EL (CF) hour 1.00 Mar Pickup truck 1/2 ton Mar Crawfish combine 12 hp Apr CF bait - manufac lbs Sacks each HP PW EL (CF) hour 1.00 Apr Pickup truck 1/2 ton Apr Rotary mower-levees 6.7 ft Apr Crawfish combine 12 hp May CF bait - manufac lbs Sacks each HP PW EL (CF) hour 1.00 May Other labor hour Pickup truck 1/2 ton May Rotary mower-levees 6.7 ft May Rotary mower-levees 6.7 ft Jun TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST _ B-19