Robert W. Boucher and Jeffrey M. Gillespie

Transcription

1 2006 Projected Commodity Costs And Returns Crawfish and Catfish Production in Louisiana Robert W. Boucher and Jeffrey M. Gillespie Farm Management Research & Extension Department of Agricultural Economics & Agribusiness A.E.A. Information Series No January 2006

2 January 2006 A.E.A. Information Series No. 232 PROJECTED COSTS AND RETURNS FOR CRAWFISH AND CATFISH PRODUCTION IN LOUISIANA, 2006 by Robert W. Boucher and Jeffrey M. Gillespie Louisiana State University Agricultural Center William B. Richardson, Chancellor Louisiana Agricultural Experiment Station William H. Brown, Vice-Chancellor and Director Department of Agricultural Economics and Agribusiness The Louisiana Agricultural Experiment Station follows a non-discriminatory policy in programs and employment.

3 TABLE OF CONTENTS PAGE INTRODUCTION... B-1 CRAWFISH BUDGETS... B-1 CATFISH BUDGETS... B-2 SUMMARY... B-2 TABLE LIST OF TABLES PAGE 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 6A 7A 8A 9A 10A 11A 5B 6B Estimated Costs and Returns per Acre, Single Crop Crawfish, Owner-Operator, North Louisiana, B-5 Estimated Costs and Returns per Acre, Single Crop Crawfish, Owner-Operator, Southwest Louisiana, B-6 Estimated Costs and Returns per Acre, Rice-Crawfish Double Crop, Owner-Operator, Southwest Louisiana, B-7 Estimated Costs and Returns per Acre, Catfish, Owner-Operator, 10-Acre Ponds, Louisiana, B-8 Estimated Costs and Returns per Acre, Catfish, Owner-Operator, 10-Acre Ponds with Generator, Louisiana, B-9 Estimated Costs and Returns per Acre, Catfish, Tenant-Operator, 10-Acre Ponds, Louisiana, B-10 Estimated Costs and Returns per Acre, Catfish, Tenant-Operator, 10-Acre Ponds with Generator, Louisiana, B-11 Estimated Resource Use and Costs for Field Operations per Acre, Single Crop Crawfish, Owner-Operator, North Louisiana, B-12 Estimated Resource Use and Costs for Field Operations per Acre, Single Crop Crawfish, Owner-Operator, Southwest Louisiana, B-13

4 TABLE PAGE 7B 8B 9B 10B 11B Estimated Resource Use and Costs for Field Operations per Acre, Rice - Crawfish Double Crop, Owner-Operator, Southwest Louisiana, B-14 Estimated Resource Use and Costs for Field Operations per Acre, Catfish, Owner-Operator, 10-Acre Ponds, Louisiana, B-15 Estimated Resource Use and Costs for Field Operations per Acre, Catfish, Owner-Operator, 10-Acre Ponds with Generator, Louisiana, B-17 Estimated Resource Use and Costs for Field Operations per Acre, Catfish, Tenant-Operator, 10-Acre Ponds, Louisiana, B-19 Estimated Resource Use and Costs for Field Operations per Acre, Catfish, Tenant-Operator, 10-Acre Ponds with Generator, Louisiana, B-21 APPENDIX TABLE 1 A Summary of Projected Costs Based on Reduced Fishing Days for Crawfish and Crawfish-Rice Production, Louisiana, B-23 2 Operating Inputs: Estimated Prices, Louisiana, B-24 3 Powered Equipment: Estimated Useful Life, Annual Use, Purchase Price, Repair Cost, Fuel Consumption Rate, and Direct and Fixed Cost per Hour, Louisiana, B-24 4 Implements: Estimated Performance Rate, Useful Life, Annual Use, Purchase Price, Repair Cost, and Direct and Fixed Cost per Hour and per Acre, Louisiana, B-25 5 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-25 6 Definitions of Selected Line Items in the Crawfish and Catfish Production Budgets.. B-26 ACKNOWLEDGMENTS The authors express 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 Tom Hymel, Mark Shirley, Greg Lutz, Ray McClain and Robert Romaire.

5 PROJECTED COSTS AND RETURNS FOR CRAWFISH AND CATFISH PRODUCTION IN LOUISIANA, 2006 by Robert W. Boucher and Jeffrey M. Gillespie 1 INTRODUCTION Aquaculture production enterprises, like other farm enterprises, require advanced planning to make production and decisions that are likely to result in profit. The purpose of this report is to provide production cost estimates for selected aquaculture enterprises to assist producers in making decisions and obtaining 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 guidelines whereby producers and others with an interest in aquaculture production costs can make cost estimates appropriate to their unique situations. Data used in development of the budgets is a combination of information obtained directly from producers, Louisiana Cooperative Extension Service 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 sized 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 three 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) Northeast Louisiana single crop ponds (Table 5), 2) Southwest Louisiana single crop ponds (Table 6), and 3) Southwest Louisiana rice-crawfish double crop in a fallow rotation (Table 7). Fixed costs for non-aerated systems are based on a 120-acre production unit consisting of six 20-acre ponds configured in two 60-acre units. Harvesting is assumed to be performed by one person using a power boat with 20 traps per acre. In Southwest Louisiana, harvesting is assumed to occur every other day during December through February and daily during March through May. In Northeast Louisiana, harvesting is assumed to occur daily from March 1 to May 15 to accommodate retail marketing. Appendix table 1 presents a summary of projected costs based on reduced fishing days for the three situations discussed. This table provides the direct, fixed, and total costs for the base situation and for 10%, 20%, and 30% reductions in fishing days. Though lower costs for the 1 Research Associate and Martin D. Woodin Regents Professor, respectively, Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge.

6 reduced fishing days do not result in a proportional percentage drop in costs, recent studies have shown that, with the use of pyramid traps, 30% fewer fishing days does not reduce the yield significantly. 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 four situations to provide comparisons for tenure and fuel source. The four situations presented include: 1) owner-operator, electric power (Table 8), 2) owner-operator, diesel power (Table 9), 3) tenant-operator, electric power (Table 10), and 4) tenant-operator, diesel power (Table 11). Fixed costs are based on 10 acre pond sizes on a 60-acre production unit for all situations, (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 are based on a series of simulations using the GROWCAT simulation model, accounting for temperature, mortality and fish growth rates. SUMMARY Table 1 presents a summary comparison of projected costs and yields per acre for the three 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 four 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 four production situations and four 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

7 Table 1. A Summary of Projected Costs and Returns per Acre for Crawfish and Crawfish-Rice Production in Louisiana, Yield Direct Fixed Total Crop Description Per Acre Expenses Expenses Expenses Crawfish Enterprises: Pounds Dollars per Acre Northeast Louisiana Non-aerated, Owner b Southwest Louisiana Non-aerated, Owner b Crawfish-Rice, Owner a b a Income for rice was calculated by multiplying the market price of $7.50 by actual yield. b Land costs are not included. c Yield includes 700 lbs of crawfish and 57 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. - Dollars/Lb.- PRICES REQUIRED TO RECOVER TOTAL SPECIFIED COSTS Crawfish Enterprises: Northeast Louisiana Non-aerated, Owner Southwest Louisiana Non-aerated, Owner Crawfish-Rice, Owner b PRICES REQUIRED TO RECOVER VARIABLE COSTS Crawfish Enterprises: Northeast Louisiana Non-aerated, Owner Southwest Louisiana Non-aerated, Owner Crawfish-Rice, Owner b 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

8 Table 3. Summary of Projected Costs and Returns per Acre for Catfish Production, Louisiana, Crop Description Returns Returns Over Over Yield Total Direct Direct Fixed Total Total Per Acre Income Expenses Expenses Expenses Expenses Expenses Cwt. - Dollars per Acre -- Catfish Enterprises: Six 10 acre ponds, Elec Pwr, Owner a Six 10 acre ponds, Diesel Pwr, Owner a Six 10 acre ponds, Elec Pwr, Tenant b Six 10 acre ponds, Diesel Pwr, Tenant b a Land costs are not included for owner-operator. b Rental arrangements consist of a yearly fee of $200 per acre. This arrangement specifies that the landlord provides most fixed equipment items. Table 4. Breakeven Selling Prices for Catfish for Selected Yield Levels, Louisiana, PRICES REQUIRED TO RECOVER TOTAL SPECIFIED COSTS Total Total Base Yield Level Costs Variable Yield Base Costs Level ---Dollar/Acre--- cwt. -- Dollars/Cwt. - Six 10 acre ponds, Elec Pwr, Owner a Six 10 acre ponds, Diesel Pwr, Owner a Six 10 acre ponds, Elec Pwr, Tenant b Six 10 acre ponds, Diesel Pwr, Tenant b PRICES REQUIRED TO RECOVER VARIABLE COSTS Six 10 acre ponds, Elec Pwr, Owner a Six 10 acre ponds, Diesel Pwr, Owner a Six 10 acre ponds, Elec Pwr, Tenant b Six 10 acre ponds, Diesel Pwr, Tenant b a Land costs are not included for owner-operator. b Rental arrangements consist of a yearly fee of $250 per acre. This arrangement specifies that the landlord provides most fixed equipment items. B-4

9 Table 5.A Estimated Costs and Returns per Acre, Single Crop Crawfish, Owner-Operator, North Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars INCOME Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs Crawfish (June) lbs TOTAL INCOME DIRECT EXPENSES BAIT Manuf. crawfish bait lbs FERTILIZER Nitrogen lbs Phosphate lbs Potash lbs HIRED LABOR Irrigation labor hour OTHER Hip boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour IRRIGATION LABOR Crawf irrig north LA hour DIESEL FUEL Tractors gal Crawf irrig north LA gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements Tractors Self-Propelled Eq Crawf irrig north LA acin Crawf pond&eq north acre INTEREST ON OP. CAP TOTAL DIRECT EXPENSES FIXED EXPENSES Implements Tractors Self-Propelled Eq Crawf irrig north LA Crawf pond&eq north TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead acre Land ( oppor. cost ) acre B-5

10 Table 6.A Estimated Costs and Returns per Acre, Single Crop Crawfish, Owner-Operator, Southwest Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars INCOME Crawfish (December) lbs Crawfish (January) lbs Crawfish (February) lbs Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs TOTAL INCOME DIRECT EXPENSES CUSTOM Airplane seed cwt Airplane fert cwt BAIT Crawfish bait (fish) lbs Manuf. crawfish bait lbs FERTILIZER Urea (45%) lbs HIRED LABOR Irrigation labor hour OTHER Hip boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour IRRIGATION LABOR Crawf irrig single hour DIESEL FUEL Tractors gal Self-Propelled Eq. gal Crawf irrig single gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements Tractors Self-Propelled Eq Crawf irrig single acin Crawf pond&eq single acre INTEREST ON OP. CAP TOTAL DIRECT EXPENSES FIXED EXPENSES Implements Tractors Self-Propelled Eq Crawf irrig single Crawf pond&eq single TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead acre Land ( oppor. cost ) acre B-6

11 Table 7.A Estimated Costs and Returns per Acre, Rice-Crawfish Double Crop, Owner-Operator, Southwest Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars INCOME Rice cwt Rice Checkoff cwt Crawfish (January) lbs Crawfish (February) lbs Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs Crawfish (June) lbs TOTAL INCOME DIRECT EXPENSES CUSTOM Airplane fert cwt Global pos. system acre Airplane seed cwt App by air appl Drying rice cwt Haul rice cwt BAIT Crawfish bait (fish) lbs Manuf. crawfish bait lbs FERTILIZER Nitrogen lbs Phosphate lbs Potash lbs FUNGICIDES Quadris oz HERBICIDES Facet 75DF lb Londax 60DF oz ,4-D Amine 4 pt HIRED LABOR Other labor hour Irrigation labor hour INSECTICIDES Karate Z oz OTHER Rice gate each Seed crawfish lbs Hip boots pair Sacks each SEED Rice seed lbs OPERATOR LABOR Tractors hour Self-Propelled Eq. hour IRRIGATION LABOR Crawf irrig double hour Irrigation system 1 hour OWNER LABOR Self-Propelled Eq. hour DIESEL FUEL Tractors gal Self-Propelled Eq. gal Crawf irrig double gal Irrigation system 1 gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements Tractors Self-Propelled Eq Crawf irrig double acin Crawf pond&eq double acre Irrigation system 1 acre INTEREST ON OP. CAP TOTAL DIRECT EXPENSES FIXED EXPENSES Implements Tractors Self-Propelled Eq Crawf irrig double Crawf pond&eq double Irrigation system TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead acre B-7

12 Table 8.A Estimated Costs and Returns per Acre, Catfish, Owner-Operator, 10 Acre Ponds, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars INCOME Catfish cwt Catfish Catfish cwt cwt Catfish Catfish cwt cwt Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish feed Medicated feed ton ton HERBICIDES Spring chemicals lbs Fall chemicals HIRED LABOR lbs Other labor OTHER hour Propane tank Shotgun shells box Fingerlings thou OPERATOR LABOR Tractors hour Eq. 10Hp aerator-10 hour Self-Propelled hour Feeder truck hour IRRIGATION LABOR Catf irrig hour DIESEL FUEL Tractors gal Eq. ELECTRICITY Self-Propelled gal Hp aerator-10 Catf irrig kwh kwh GASOLINE Self-Propelled Eq. gal Feeder truck gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Hp aerator-10 Feeder truck hour ton Catf pond&equip 6x10 acre Catf irrig acin INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements Tractors acre acre Self-Propelled Eq. acre 10Hp aerator-10 hour Feeder truck acre Catf pond&equip 6x10 acre Catf irrig acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead pond acre RESIDUAL RETURNS B-8

13 Table 9.A Estimated Costs and Returns per Acre, Catfish, Owner-Operator, 10 Acre Ponds with Generator, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars INCOME Catfish cwt Catfish cwt Catfish cwt Catfish cwt Catfish cwt Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish feed ton Medicated feed ton HERBICIDES Spring chemicals lbs Fall chemicals lbs HIRED LABOR Other labor hour OTHER Propane tank Shotgun shells box Fingerlings thou OPERATOR LABOR Tractors hour Self-Propelled Eq. hour Hp aerator-10(d) hour Feeder truck hour IRRIGATION LABOR Catf irrig (d) hour DIESEL FUEL Tractors gal Self-Propelled Eq. gal Hp aerator-10(d) gal Catf irrig (d) gal GASOLINE Self-Propelled Eq. gal Feeder truck gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Hp aerator-10(d) hour Feeder truck ton Catf pond&equip 6x10 acre Catf irrig (d) acin INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre Hp aerator-10(d) hour Feeder truck acre Catf pond&equip 6x10 acre Catf irrig (d) acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead pond acre RESIDUAL RETURNS B-9

14 Table 10.A Estimated Costs and Returns per Acre, Catfish, Tenant-Operator, 10 Acre Ponds, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars INCOME Catfish cwt Catfish Catfish cwt cwt Catfish Catfish cwt cwt Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish feed Medicated feed ton ton HERBICIDES Spring chemicals lbs Fall chemicals HIRED LABOR lbs Other labor OTHER hour Rent (catf electric) acre Propane tank Shotgun shells box Fingerlings OPERATOR LABOR thou Tractors hour Self-Propelled Eq. hour Feeder truck hour Hp aerator-10(r) hour IRRIGATION LABOR Catf irrig (r) DIESEL FUEL hour Tractors gal Self-Propelled Eq. gal ELECTRICITY Catf irrig (r) kwh Hp aerator-10(r) kwh GASOLINE Self-Propelled Eq. gal Feeder truck gal REPAIR & MAINTENANCE Implements Tractors acre acre Self-Propelled Eq. acre Catf irrig (r) acin Catf pond&eq 6x10(r) acre Feeder truck ton Hp aerator-10(r) hour INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre Catf pond&eq 6x10(r) acre Feeder truck acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead pond RESIDUAL RETURNS acre B-10

15 Table 11.A Estimated Costs and Returns per Acre, Catfish, Tenant-Operator, 10 Acre Ponds with Generator, Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars INCOME Catfish cwt Catfish Catfish cwt cwt Catfish Catfish cwt cwt Catfish cwt TOTAL INCOME DIRECT EXPENSES CUSTOM Water consultant acre Harv & haul catfish cwt Custom restk catfish thou FEED Catfish feed Medicated feed ton ton HERBICIDES Spring chemicals lbs Fall chemicals HIRED LABOR lbs Other labor OTHER hour Rent (catf diesel) acre Propane tank Shotgun shells box Fingerlings OPERATOR LABOR thou Tractors hour Self-Propelled Eq. hour Feeder truck hour Hp aerator-10(d,r) hour IRRIGATION LABOR Catf irrig (d,r) DIESEL FUEL hour Tractors gal Self-Propelled Eq. gal Catf irrig (d,r) gal 10Hp aerator-10(d,r) gal GASOLINE Self-Propelled Eq. gal Feeder truck gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Catf pond&eq 6x10(r) acre Feeder truck ton Catf irrig (d,r) acin Hp aerator-10(d,r) hour INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES FIXED EXPENSES Implements Tractors acre acre Self-Propelled Eq. acre Catf pond&eq 6x10(r) acre Feeder truck acre TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES ALLOCATED COST ITEMS Overhead pond acre RESIDUAL RETURNS B-11

16 Table 5.B Estimated Resource Use and Costs for Field Operations per Acre, 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 ----dollars--- dollars dollars Crawf pond&eq north acre 1.00 Jul Disk 24 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 Crawf irrig north LA acin 1.00 Oct Hip boots pair Irrigation labor hour Rotary mower-levees 6.7 ft Oct Crawf irrig north LA acin 1.00 Nov Irrigation labor hour Crawf irrig north LA acin 1.00 Dec Irrigation labor hour Crawf irrig north LA acin 1.00 Jan Irrigation labor hour Crawf irrig north LA acin 1.00 Feb Irrigation labor hour Crawfish combine 12 hp Mar Manuf. crawfish bait lbs Sacks each Crawf irrig north LA acin 1.00 Mar Irrigation labor hour Crawfish combine 12 hp Apr Manuf. crawfish bait lbs Sacks each Crawf irrig north LA acin 1.00 Apr Irrigation labor hour Rotary mower-levees 6.7 ft Apr Crawfish combine 12 hp May Manuf. crawfish bait lbs Sacks each Crawf irrig north LA acin 1.00 May Irrigation labor hour Rotary mower-levees 6.7 ft May Crawfish combine 12 hp Jun Manuf. crawfish bait lbs Sacks each Crawf irrig north LA acin 1.00 Jun Irrigation labor hour Rotary mower-levees 6.7 ft Jun TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST B-12

17 Table 6.B Estimated Resource Use and Costs for Field Operations per Acre, 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 ----dollars--- dollars dollars Crawf pond&eq single acre 1.00 Jul Disk 24 ft Jul Crawf irrig single acin 1.00 Jul Irrigation 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 Crawf irrig single acin 1.00 Aug Irrigation labor hour Rotary mower-levees 6.7 ft Aug Crawf irrig single acin 1.00 Sep Irrigation labor hour Rotary mower-levees 6.7 ft Sep Crawf irrig single acin 1.00 Oct Hip boots pair Irrigation labor hour Rotary mower-levees 6.7 ft Oct Crawf irrig single acin 1.00 Nov Irrigation labor hour Crawfish combine 12 hp Dec Crawfish bait (fish) lbs Sacks each Crawf irrig single acin 1.00 Dec Irrigation labor hour Pickup truck 1/2 ton Dec Crawfish combine 12 hp Jan Crawfish bait (fish) lbs Sacks each Crawf irrig single acin 1.00 Jan Irrigation labor hour Pickup truck 1/2 ton Jan Crawfish combine 12 hp Feb Crawfish bait (fish) lbs Sacks each Crawf irrig single acin 1.00 Feb Irrigation labor hour Pickup truck 1/2 ton Feb Crawfish combine 12 hp Mar Manuf. crawfish bait lbs Crawfish bait (fish) lbs Sacks each Crawf irrig single acin 1.00 Mar Irrigation labor hour Pickup truck 1/2 ton Mar Crawfish combine 12 hp Apr Manuf. crawfish bait lbs Sacks each Crawf irrig single acin 1.00 Apr Irrigation labor hour Pickup truck 1/2 ton Apr Rotary mower-levees 6.7 ft Apr Crawfish combine 12 hp May Manuf. crawfish bait lbs Sacks each Crawf irrig single acin 1.00 May Irrigation 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-13

18 Table 7.B Estimated Resource Use and Costs for Field Operations per Acre, Rice-Crawfish Double Crop, 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 ----dollars--- dollars dollars Disk Harrow 32' MFWD Nov Levee plow 8 Ft 4WD Nov Blade-Scraper 10' MFWD Nov Ditcher rotary 1.5 ft MFWD Nov Field cultivator 32 ft 4WD Feb Airplane fert cwt 1.00 Feb Nitrogen lbs Global pos. system acre Airplane fert cwt 1.00 Feb Phosphate lbs Potash lbs Global pos. system acre Ditcher rotary 1.5 ft MFWD Feb Blade-Scraper 10' MFWD Feb Rice gate each 1.00 Feb Backhoe MFWD Feb Water level 24 ft 4WD Feb Irrigation system 1 acre 1.00 Mar Airplane seed cwt 1.00 Apr Rice seed lbs Global pos. system acre App by air appl 1.00 Apr Karate Z oz Global pos. system acre App by air appl 1.00 Apr Facet 75DF lb Londax 60DF oz Global pos. system acre App by air appl 1.00 Jun ,4-D Amine 4 pt Global pos. system acre Airplane fert cwt 1.00 Jun Nitrogen lbs Global pos. system acre App by air appl 1.00 Jun Quadris oz Global pos. system acre Seed crawfish lbs 1.00 Jun Other labor hour App by air appl 1.00 Jul Karate Z oz Global pos. system acre Combine Rice 25 Ft Aug Grain cart 500 bu MFWD Aug Drying rice cwt 1.00 Aug Haul rice cwt 1.00 Aug Blade-Scraper 10' MFWD Aug Crawf irrig double acin 1.00 Oct Hip boots pair Irrigation labor hour Rotary mower-levees 6.7 ft Oct Crawf irrig double acin 1.00 Nov Irrigation labor hour Crawf irrig double acin 1.00 Dec Irrigation labor hour Crawfish combine 12 hp Jan Crawfish bait (fish) lbs Sacks each Crawf irrig double acin 1.00 Jan Irrigation labor hour Pickup truck 1/2 ton Jan Crawf pond&eq double acre 1.00 Jan Crawfish combine 12 hp Feb Crawfish bait (fish) lbs Sacks each Crawf irrig double acin 1.00 Feb Irrigation labor hour Pickup truck 1/2 ton Feb Crawfish combine 12 hp Mar Manuf. crawfish bait lbs Crawfish bait (fish) lbs Sacks each Crawf irrig double acin 1.00 Mar Irrigation labor hour Pickup truck 1/2 ton Mar Crawfish combine 12 hp Apr Manuf. crawfish bait lbs Sacks each Crawf irrig double acin 1.00 Apr Irrigation labor hour Pickup truck 1/2 ton Apr Pickup truck 1/2 ton Apr Crawfish combine 12 hp May Manuf. crawfish bait lbs Sacks each Crawf irrig double acin 1.00 May Pickup truck 1/2 ton May Crawfish combine 12 hp Jun Manuf. crawfish bait lbs Sacks each TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST B-14

19 Table 8.B Estimated Resource Use and Costs for Field Operations per Acre, Catfish, Owner-Operator, 10 Acre Ponds, 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 ----dollars--- dollars dollars Catf pond&equip 6x10 acre 1.00 Jan Catf irrig acin 1.00 Jan Feeder truck ton 1.00 Jan Catf irrig acin 1.00 Feb Feeder truck ton 1.00 Feb Pickup truck 1/2 ton Feb Catf irrig acin 1.00 Mar Feeder truck ton 1.00 Mar Boat,Motor&Trailer 14 ft Mar Spring chemicals lbs Hp aerator-10 hour 1.00 Apr Other labor hour Catf irrig acin 1.00 Apr Feeder truck ton 1.00 Apr Pickup truck 1/2 ton Apr Harv & haul catfish cwt 1.00 Apr Custom restk catfish thou Fingerlings thou PTO aerator hour Apr Hp aerator-10 hour 1.00 May Catf irrig acin 1.00 May Feeder truck ton 1.00 May Pickup truck 1/2 ton May Harv & haul catfish cwt 1.00 May Custom restk catfish thou Fingerlings thou Side Mount Mower 6 ft May PTO aerator hour May Hp aerator-10 hour 1.00 Jun Catf irrig acin 1.00 Jun Feeder truck ton 1.00 Jun Catfish feed ton Medicated feed ton Pickup truck 1/2 ton Jun PTO aerator hour Jun Hp aerator-10 hour 1.00 Jul Catf irrig acin 1.00 Jul Feeder truck ton 1.00 Jul Pickup truck 1/2 ton Jul PTO aerator hour Jul Hp aerator-10 hour 1.00 Aug Other labor hour Catf irrig acin 1.00 Aug Feeder truck ton 1.00 Aug Pickup truck 1/2 ton Aug Harv & haul catfish cwt 1.00 Aug Custom restk catfish thou Fingerlings thou Side Mount Mower 6 ft Aug PTO aerator hour Aug Hp aerator-10 hour 1.00 Sep Catf irrig acin 1.00 Sep Feeder truck ton 1.00 Sep Pickup truck 1/2 ton Sep Harv & haul catfish cwt 1.00 Sep Custom restk catfish thou Fingerlings thou PTO aerator hour Sep Hp aerator-10 hour 1.00 Oct Other labor hour Catf irrig acin 1.00 Oct Feeder truck ton 1.00 Oct B-15

20 Table 8.B Estimated Resource Use and Costs for Field Operations per Acre, Catfish, Owner-Operator, 10 Acre Ponds, (CON T) 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 ----dollars--- dollars dollars Catfish feed ton Medicated feed ton Harv & haul catfish cwt 1.00 Oct Custom restk catfish thou Fingerlings thou PTO aerator hour Oct Catf irrig acin 1.00 Nov Feeder truck ton 1.00 Nov Boat,Motor&Trailer 14 ft Nov Fall chemicals lbs Pickup truck 1/2 ton Nov Harv & haul catfish cwt 1.00 Nov Custom restk catfish thou Fingerlings thou Catf irrig acin 1.00 Dec Feeder truck ton 1.00 Dec TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST B-16

21 Table 9.B Estimated Resource Use and Costs for Field Operations per Acre, Catfish, Owner-Operator, 10 Acre Ponds with Generator, 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 ----dollars--- dollars dollars Catf pond&equip 6x10 acre 1.00 Jan Catf irrig (d) acin 1.00 Jan Feeder truck ton 1.00 Jan Catf irrig (d) acin 1.00 Feb Feeder truck ton 1.00 Feb Pickup truck 1/2 ton Feb Catf irrig (d) acin 1.00 Mar Feeder truck ton 1.00 Mar Boat,Motor&Trailer 14 ft Mar Spring chemicals lbs Hp aerator-10(d) hour 1.00 Apr Other labor hour Catf irrig (d) acin 1.00 Apr Feeder truck ton 1.00 Apr Pickup truck 1/2 ton Apr Harv & haul catfish cwt 1.00 Apr Custom restk catfish thou Fingerlings thou PTO aerator hour Apr Hp aerator-10(d) hour 1.00 May Catf irrig (d) acin 1.00 May Feeder truck ton 1.00 May Pickup truck 1/2 ton May Harv & haul catfish cwt 1.00 May Custom restk catfish thou Fingerlings thou Side Mount Mower 6 ft May PTO aerator hour May Hp aerator-10(d) hour 1.00 Jun Catf irrig (d) acin 1.00 Jun Feeder truck ton 1.00 Jun Catfish feed ton Medicated feed ton Pickup truck 1/2 ton Jun PTO aerator hour Jun Hp aerator-10(d) hour 1.00 Jul Catf irrig (d) acin 1.00 Jul Feeder truck ton 1.00 Jul Pickup truck 1/2 ton Jul PTO aerator hour Jul Hp aerator-10(d) hour 1.00 Aug Other labor hour Catf irrig (d) acin 1.00 Aug Feeder truck ton 1.00 Aug Pickup truck 1/2 ton Aug Harv & haul catfish cwt 1.00 Aug Custom restk catfish thou Fingerlings thou Side Mount Mower 6 ft Aug PTO aerator hour Aug Hp aerator-10(d) hour 1.00 Sep Catf irrig (d) acin 1.00 Sep Feeder truck ton 1.00 Sep Pickup truck 1/2 ton Sep Harv & haul catfish cwt 1.00 Sep Custom restk catfish thou Fingerlings thou PTO aerator hour Sep Hp aerator-10(d) hour 1.00 Oct Other labor hour Catf irrig (d) acin 1.00 Oct Feeder truck ton 1.00 Oct B-17