PROJECTED COSTS AND RETURNS FOR CRAWFISH AND CATFISH PRODUCTION IN LOUISIANA, 2001

Transcription

1 January 2001 A.E.A. Information Series No. 187 PROJECTED COSTS AND RETURNS FOR CRAWFISH AND CATFISH PRODUCTION IN LOUISIANA, 2001 by Robert W. Boucher and Jeffrey M. Gillespie Louisiana State University Agricultural Center William B. Richardson, 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 PAGE 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 6A 7A 8A 9A 10A 11A 5B 6B Estimated Costs and Returns per Acre, Single Crop Crawfish, Owner-Operators, North Louisiana, B-5 Estimated Costs and Returns per Acre, Single Crop Crawfish, Owner-Operators, Southwest Louisiana, B-6 Estimated Costs and Returns per Acre, Rice-Crawfish Double Drop, Owner-Operators, 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-Operators, North Louisiana, B-12 Estimated Resource Use and Costs for Field Operations, per Acre, Single Crop Crawfish, Owner-Operators, Southwest Louisiana, B-13

3 TABLE PAGE 7B 8B 9B 10B 11B Estimated Resource Use and Costs for Field Operations, per Acre, Rice - Crawfish Double Crop, Owner-Operators, 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 Estimated Costs per Acre, Overhead Costs, Tenant-Operator, Louisiana, B-26 7 Estimated Costs per Acre, Overhead Costs, Owner-Operators, Louisiana, B-27 8 Definitions of Selected Line Items in the Crawfish & Catfish Production Budgets. B-28 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, Chris Breden, Ray McClain, Robert Romaire. The authors are also indebted to Dr. Gail L. Cramer, Head 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, 2001 by Robert W. Boucher and Jeffrey 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 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 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 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 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 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 (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 1 Research Associate and Associate Professor, respectively, Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge.

5 situation and for 10%, 20%, and 30% reductions in fishing days. Though lower costs for the reduced fishing days do not result in a proportional percentage drop in costs, recent studies have shown that, with the use of the 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 wateracre 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. 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 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

6 Table 1. A Summary of Projected Costs per Acre for Crawfish and Crawfish-Rice Production, Louisiana, Total Yield Direct Fixed Specified 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 b c Income for rice was calculated by multiplying the market price of $7.00 by actual yield. Land costs are not included. 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 -20% -10% Base 10% 20% a Costs Level ---Dollar/Acre--- lb. --Breakeven Price, 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 b Overhead and Land costs are not included. 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, Louisiana, Crop Description Catfish Enterprises: Returns Returns Over Over Yield Total Direct Direct Fixed Total Total Per Acre Income Expenses Expenses Expenses Expenses Expenses Cwt. -Dollars per Acre ---- 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 b Land costs are not included for owner-operator. Rental arrangements consist of a yearly fee of $250 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, Total Total Base Yield Level Costs Variable Yield -20% -10% Base 10% 20% Costs Level PRICES REQUIRED TO RECOVER TOTAL SPECIFIED COSTS --Dollar/Acre-- cwt Breakeven Price, Dollars/cwt 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 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 b Land costs are not included for owner-operator. Rental arrangements consist of a yearly fee of $250 per acre. 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 dollars dollars INCOME Crawfish (March) lbs Crawfish (April) lbs Crawfish (May) lbs Crawfish (June) lbs DIRECT EXPENSES BAIT Manuf. crawfish bait 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 Crawf irrig north LA hour DIESEL FUEL Tractors gal Crawf irrig north LA gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Crawf irrig north LA acre Crawf pond&eq north acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre Crawf irrig north LA acre Crawf pond&eq 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 dollars dollars 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 Crawfish bait (fish) lbs Manuf. crawfish bait 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 Crawf irrig single hour DIESEL FUEL Tractors gal Crawf irrig single gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Crawf irrig single acre Crawf pond&eq single acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre Crawf irrig single acre Crawf pond&eq 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, Rice-Crawfish Double Crop, Owner-Operators, Southwest Louisiana, ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM dollars dollars 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 Crawfish bait (fish) lbs Manuf. crawfish bait 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 Crawf irrig double hour OWNER LABOR Self-Propelled Eq. hour DIESEL FUEL Tractors gal Self-Propelled Eq. gal Crawf irrig double gal GASOLINE Self-Propelled Eq. gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Crawf irrig double acre Crawf pond&eq double acre INTEREST ON OP. CAP. acre TOTAL DIRECT EXPENSES FIXED EXPENSES Implements acre Tractors acre Self-Propelled Eq. acre Crawf irrig double acre Crawf pond&eq double 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, Catfish, Owner-Operator, 10-Acre Ponds,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 hour Feeder truck hour IRRIGATION LABOR Catf irrig hour DIESEL FUEL Tractors gal ELECTRICITY 10Hp aerator-10 kwh Catf irrig kwh GASOLINE Self-Propelled Eq. gal Feeder truck gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Hp aerator-10 acre Feeder truck acre Catf pond&equip 6x10 acre Catf irrig acre 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 acre 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-owner pond acre RESIDUAL RETURNS B-8

12 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 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) acre Feeder truck acre Catf pond&equip 6x10 acre Catf irrig (d) acre 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) acre 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-owner pond acre RESIDUAL RETURNS B-9

13 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 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 Rent (catf electric) acre Propane tank Shotgun shells box Fingerlings thou OPERATOR LABOR Tractors hour Self-Propelled Eq. hour Feeder truck hour Hp aerator-10(r) hour IRRIGATION LABOR Catf irrig (r) hour DIESEL FUEL Tractors gal ELECTRICITY Catf irrig (r) kwh Hp aerator-10(r) kwh GASOLINE Self-Propelled Eq. gal Feeder truck gal REPAIR & MAINTENANCE Implements acre Tractors acre Self-Propelled Eq. acre Catf irrig (r) acre Catf pond&eq 6x10(r) acre Feeder truck acre Hp aerator-10(r) acre 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-tenant pond acre RESIDUAL RETURNS B-10

14 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 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 Rent (catf diesel) acre Propane tank Shotgun shells box Fingerlings thou OPERATOR LABOR Tractors hour Self-Propelled Eq. hour Feeder truck hour Hp aerator-10(d,r) hour IRRIGATION LABOR Catf irrig (d,r) hour DIESEL FUEL Tractors gal Catf irrig (d,r) gal Hp 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 acre Catf irrig (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 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-tenant pond acre RESIDUAL RETURNS B-11

15 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 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 Crawf irrig north LA acin 1.00 Oct Hip boots pair Other labor hour Rotary mower-levees 6.7 ft Oct Crawf irrig north LA acin 1.00 Nov Other labor hour Crawf irrig north LA acin 1.00 Dec Other labor hour Crawf irrig north LA acin 1.00 Jan Other labor hour Crawf irrig north LA acin 1.00 Feb Other labor hour Crawfish combine 12 hp Mar Manuf. crawfish bait lbs Sacks each Crawf irrig north LA acin 1.00 Mar Other labor hour Crawfish combine 12 hp Apr Manuf. crawfish bait lbs Sacks each Crawf irrig north LA acin 1.00 Apr Other 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 Other 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 Other labor hour Rotary mower-levees 6.7 ft Jun TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST B-12

16 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 20 ft Jul Crawf irrig 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 Crawf irrig single acin 1.00 Aug Other labor hour Rotary mower-levees 6.7 ft Aug Crawf irrig single acin 1.00 Sep Other labor hour Rotary mower-levees 6.7 ft Sep Crawf irrig single acin 1.00 Oct Hip boots pair Other labor hour Rotary mower-levees 6.7 ft Oct Crawf irrig single acin 1.00 Nov Other labor hour Crawfish combine 12 hp Dec Crawfish bait (fish) lbs Sacks each Crawf irrig single acin 1.00 Dec Other 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 Other 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 Other 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 Other 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 Other 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 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-13

17 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 Crawf pond&eq double acre 1.00 May Disk 20 ft May Airplane fert cwt 1.00 May Nitrogen lbs Phosphate lbs Potash lbs Field cultivator 20 ft May Levee plow 8 Ft May Ditcher rotary 1.5 ft May Dozer blade 8 ft May Backhoe May Other labor hour Crawf irrig double acin 1.00 May Other labor hour Water level 16 Ft May Drag 14 ft May Airplane seed cwt 1.00 May Rice seed lbs Seed crawfish lbs 1.00 Jun Other labor hour Crawf irrig double acin 1.00 Jun Other labor hour Airplane stam acre 2.00 Jun Stam M4 qt Crawf irrig double acin 1.00 Jul Airplane fert cwt 1.00 Jul Nitrogen lbs Dozer blade 8 ft Aug Other labor hour Combine Rice 20 Ft Aug Grain cart 450 bu Aug Truck 5 ton Aug Drying rice cwt 1.00 Aug Storage rice cwt Dozer blade 8 ft Aug Crawf irrig double acin 1.00 Oct Hip boots pair Other labor hour Rotary mower-levees 6.7 ft Oct Crawf irrig double acin 1.00 Nov Other labor hour Crawfish combine 12 hp Dec Crawfish bait (fish) lbs Sacks each Crawf irrig double acin 1.00 Dec Other labor hour Pickup truck 1/2 ton Dec Crawfish combine 12 hp Jan Crawfish bait (fish) lbs Sacks each Crawf irrig double acin 1.00 Jan Other labor hour Pickup truck 1/2 ton Jan Crawfish combine 12 hp Feb Crawfish bait (fish) lbs Sacks each Crawf irrig double acin 1.00 Feb Other 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 Other 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 Other labor hour Pickup truck 1/2 ton Apr TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST B-14

18 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 B-15

19 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 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 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

20 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 B-17

21 Table 9.B Estimated Resource Use and Costs for Field Operations, per Acre, Catfish, Owner-Operator, 10-Acre Ponds with Generator, (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 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 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 (d) 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 (d) acin 1.00 Dec Feeder truck ton 1.00 Dec TOTALS INTEREST ON OPERATING CAPITAL UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST B-18

22 Table 10.B Estimated Resource Use and Costs for Field Operations, per Acre, Catfish, Tenant-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&eq 6x10(r) acre 1.00 Jan Rent (catf electric) acre Catf irrig (r) acin 1.00 Jan Feeder truck ton 1.00 Jan Catf irrig (r) acin 1.00 Feb Feeder truck ton 1.00 Feb Pickup truck 1/2 ton Feb Catf irrig (r) acin 1.00 Mar Feeder truck ton 1.00 Mar Boat,Motor&Trailer 14 ft Mar Spring chemicals lbs Hp aerator-10(r) HOUR 1.00 Apr Other labor hour Catf irrig (r) 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(r) HOUR 1.00 May Catf irrig (r) 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(r) HOUR 1.00 Jun Catf irrig (r) 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(r) HOUR 1.00 Jul Catf irrig (r) acin 1.00 Jul Feeder truck ton 1.00 Jul Pickup truck 1/2 ton Jul PTO aerator hour Jul Hp aerator-10(r) HOUR 1.00 Aug Other labor hour B-19