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 Front Cover
 Abstract
 Acknowledgement
 Table of Contents
 List of Tables
 Introduction
 Method of data collection
 Costs and inputs
 The grove situation
 Budget costs and returns
 Historical cost trends
 References
 Addenda


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Budgeting costs and returns for Southwest Florida citrus production
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Permanent Link: http://ufdc.ufl.edu/UF00026155/00014
 Material Information
Title: Budgeting costs and returns for Southwest Florida citrus production
Series Title: Economic information report
Portion of title: Southwest Florida citrus production
Physical Description: v. : ; 28 cm.
Language: English
Creator: Muraro, R. P
Holcomb, Edgar D
University of Florida -- Food and Resource Economics Dept
Publisher: Food & Resource Economics Dept., Agricultural Experiment Stations and Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida
Place of Publication: Gainesville
Creation Date: 2002
Frequency: annual
regular
 Subjects
Subjects / Keywords: Citrus fruit industry -- Economic aspects -- Florida   ( lcsh )
Citrus fruits -- Marketing -- Florida   ( lcsh )
Genre: government publication (state, provincial, terriorial, dependent)   ( marcgt )
serial   ( sobekcm )
 Notes
General Note: Description based on: 1986-87; title from cover.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: aleph - 001596350
oclc - 21057551
notis - AHM0449
lccn - sn 91022495
System ID: UF00026155:00014

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Table of Contents
    Front Cover
        Front Cover
    Abstract
        Page i
    Acknowledgement
        Page i
    Table of Contents
        Page ii
    List of Tables
        Page iii
    Introduction
        Page 1
    Method of data collection
        Page 1
    Costs and inputs
        Page 1
    The grove situation
        Page 2
        Page 3
        Page 4
        Page 5
    Budget costs and returns
        Page 6
    Historical cost trends
        Page 7
        Page 8
        Page 9
        Page 10
        Page 11
        Page 12
        Page 13
        Page 14
        Page 15
        Page 16
    References
        Page 17
    Addenda
        Page 18
        Page 19
        Page 20
        Page 21
        Page 22
        Page 23
        Page 24
        Page 25
        Page 26
        Page 27
        Page 28
        Page 29
        Page 30
        Page 31
        Page 32
        Page 33
        Page 34
        Page 35
        Page 36
        Page 37
        Page 38
        Page 39
        Page 40
        Page 41
        Page 42
Full Text


Ronald P. Muraro
Fritz M. Roka


EDIS FE 434
hlttp://'edis.ifas.ufl.eduiTE434


Robert E. Rouse





Budgeting Costs and Returns

for Southwest Florida Citrus

Production, 2002-03


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Jl lA i t II *Fi 1 I


September 2003















ABSTRACT


Estimated costs and returns of growing processed-market round oranges and fresh-market seedless
grapefruit in the Southwest area of Florida are presented for the eighth consecutive year. The format
presented may be used by individual growers to budget costs and returns, utilizing individual data on
specific groves.

Key words: citrus, budgeting, costs, round oranges, seedless grapefruit and Southwest
Florida.

NOTE: Southwest Florida refers primarily to Charlotte, Collier, Glades, Hendry and Lee counties.
However, the costs shown are applicable to other South Central Florida counties such as
DeSoto, Okeechobee, and Sarasota counties.

The budgeted cost information presented herein is the most current available. The budget
cost items have been revised to reflect current grove practices being used by growers--e.g.,
chemical mowing, different spray materials and rates of fertilization, microsprinkler
irrigation, more reset trees, etc. Thus, the 2002-03 budget costs reflect reduced fertilizer for
fresh market grapefruit and lower fertilizer and pesticide materials costs and increased per
acre yield due to higher per acre tree densities.

The budget costs in this report represent an owner-managed operation for the production
of oranges for processing and grapefruit for the fresh market. Therefore, the 10 percent
handling and supervision charge added to the material cost for a custom-managed
operation is not included in the costs.

Although the estimated annual per acre grove costs listed are representative for a
mature citrus grove (10+ years old), the grove care costs for a specific grove site may
differ depending upon the tree age, tree density and the grove practices performed; e.g.,
spot herbicide for grass/brush regrowth under trees could add an additional $9.50 per acre;
Diaprepes control could add $69.54 per acre for soil biological control application and
$73.20 per acre for each foliar application; extensive tree loss due to blight or tristeza could
substantially increase the tree replacement and care costs; spray applications to control citrus
leafminer and nematicide applications such as Temik ($117.88/acre) could increase the total
cultural costs per acre above the average costs shown in the comparative budgets; travel and
set-up costs may vary due to size of the citrus grove and distance from grove equipment barn
and could add $25.98 per acre; etc.


ACKNOWLEDGEMENTS

Appreciation is extended to Mrs. Jane Wilson for typing the final draft of this manuscript.

Appreciationis also extended to the citrus growers and production managers of Southwest Florida
who provided suggestions for the revision of this manuscript.















ABSTRACT


Estimated costs and returns of growing processed-market round oranges and fresh-market seedless
grapefruit in the Southwest area of Florida are presented for the eighth consecutive year. The format
presented may be used by individual growers to budget costs and returns, utilizing individual data on
specific groves.

Key words: citrus, budgeting, costs, round oranges, seedless grapefruit and Southwest
Florida.

NOTE: Southwest Florida refers primarily to Charlotte, Collier, Glades, Hendry and Lee counties.
However, the costs shown are applicable to other South Central Florida counties such as
DeSoto, Okeechobee, and Sarasota counties.

The budgeted cost information presented herein is the most current available. The budget
cost items have been revised to reflect current grove practices being used by growers--e.g.,
chemical mowing, different spray materials and rates of fertilization, microsprinkler
irrigation, more reset trees, etc. Thus, the 2002-03 budget costs reflect reduced fertilizer for
fresh market grapefruit and lower fertilizer and pesticide materials costs and increased per
acre yield due to higher per acre tree densities.

The budget costs in this report represent an owner-managed operation for the production
of oranges for processing and grapefruit for the fresh market. Therefore, the 10 percent
handling and supervision charge added to the material cost for a custom-managed
operation is not included in the costs.

Although the estimated annual per acre grove costs listed are representative for a
mature citrus grove (10+ years old), the grove care costs for a specific grove site may
differ depending upon the tree age, tree density and the grove practices performed; e.g.,
spot herbicide for grass/brush regrowth under trees could add an additional $9.50 per acre;
Diaprepes control could add $69.54 per acre for soil biological control application and
$73.20 per acre for each foliar application; extensive tree loss due to blight or tristeza could
substantially increase the tree replacement and care costs; spray applications to control citrus
leafminer and nematicide applications such as Temik ($117.88/acre) could increase the total
cultural costs per acre above the average costs shown in the comparative budgets; travel and
set-up costs may vary due to size of the citrus grove and distance from grove equipment barn
and could add $25.98 per acre; etc.


ACKNOWLEDGEMENTS

Appreciation is extended to Mrs. Jane Wilson for typing the final draft of this manuscript.

Appreciationis also extended to the citrus growers and production managers of Southwest Florida
who provided suggestions for the revision of this manuscript.















TABLE OF CONTENTS


Page

ABSTRACT .................................................................. i

ACKNOW LEDGEM ENTS .......................................................

LIST OF TABLES ............................................................ iii

INTRODUCTION ............................................................. 1

M ETHOD OF DATA COLLECTION ............................................ 1

C O ST S A N D IN PU T S ............................................... ......... 1

THE GROV E SITUA TION ............................................. ......... 2

BUDGET COSTS AND RETURNS .................................. ........... 6

HISTORICAL COST TRENDS ................................................... 7

REFER EN C ES ..................................................... .......... 17

A D D EN D A ........................................ .............. .......... 18



NOTE: The ADDENDA include a Listing of Grove Care Programs for
Southwest Florida Citrus Production for Both Round Oranges and
Grapefruit; 2003 custom rate summary report; cost of establishing a citrus
grove; etc. Page 18 is a list of the tables included in the ADDENDA.















LIST OF TABLES


Table Page

1 Schedule of production practices and budget items for a Southwest Florida mature,
round orange grove, 2002-03 ............................................ 3

2 Schedule of production practices and budget items for a Southwest Florida mature,
red seedless grapefruit grove, 2002-03 ................................... 4

3 Calculation of normal production per tree and per acre for Hamlin oranges, 2002-03 5

4 Calculation of normal production per tree and per acre for red seedless grapefruit,
2002 -0 3 .... ......... ... ...... .......... ............ ....... ........ 6

5 Estimated annual per acre costs and returns for a mature, Hamlin orange grove
producing for the processed market, Southwest Florida area, 2002-03 ............ 8

6 Estimated total delivered-in cost for Southwest Florida Hamlin oranges grown for the
processed juice market under three cultural costprograms, 2002-03 .............. 9

7 Estimated annual per acre costs and returns for a mature, red seedless grapefruit
grove producing for the fresh market, Southwest Florida area, 2002-03 ........... 10

8 Estimated total delivered-in cost for Southwest Florida Red grapefruit under three
cultural costprogram s, 2002-03 .......................................... 11

9 Estimated F.O.B. cost for fresh market Southwest Florida Red grapefmit, 2002-03 12

10 Estimated annual per acre costs and returns and 5-year average costs and returns
for a mature, Hamlin orange grove producing citrus for processed market in the
Southwest Florida area, 1998-99-2002-03 .................................. 13

11 Estimated annual per acre costs and returns and 5-year average costs and returns
(adjusted to 2003 dollars) for a mature, Hamlin orange grove producing citrus
for processed market in the Southwest Florida area, 1998-99-2002-03 ........... 14

12 Estimated annual per acre costs and returns and 5-year average costs and returns for
a mature, red seedless grapefruit grove producing citrus for fresh fruit packing in the
Southwest Florida area, 1998-99-2002-03 .................................. 15

13 Estimated annual per acre costs and returns and 5-year average costs and returns
(adjusted to 2003 dollars) for a mature, red seedless grapefruit grove producing
citrus for fresh fruit packing in the Southwest Florida area, 1998-99-2002-03 ...... 16










BUDGETING COSTS AND RETURNS FOR SOUTHWEST
FLORIDA CITRUS PRODUCTION, 2002-03

Ronald P. Muraro, Fritz M. Roka, and Robert E. Rouse

INTRODUCTION


Southwest Florida has become a major citrus production area. In 2002 citrus acreage in Southwest

Floridarepresented over21.5% o total state citrus acreage. Acreage in SouthwestFlorida increased from

72,480 in 1986 to 179,948 in 1998 then decreased to 170,457 in 2002. The 5.3% decline in acreage was

primarily due to trees on sour orange rootstock that died from tristeza virus and acreage destroyed in the

citrus canker eradication program. Southwest Florida refers primarily to Charlotte, Collier, Glades,

Hendry and Lee counties. However, the costs shown are applicable to other South Central Florida

counties such as DeSoto, Okeechobee, and Sarasota counties.

Budget analysis provides the basis for many grower decisions. Budget analysis can be used to

calculate potential profits from an operation, to determine cash requirements for an operation, and to

determine break-even prices. This reportpresents two budgets constructed from current dataand provides

a format for growers to analyze costs and returns from their individual records.


METHOD OF DATA COLLECTION


The data presented here were developed by surveying custom operators, input suppliers, growers,

and colleagues at both the Southwest Florida Research and Education Center and the Citms Research and

Education Center in Lake Alfred. The survey is conducted annually in February and March.


COSTS AND INPUTS


Costs for various production inputs are those collected from citrus growers as well as the average

of the data obtained from annual custom rate, chemical, and fertilizer surveys. Grower costs are shown

in the ADDENDA, Table 1-A through 7-A. The custom rate charges are shown in Table 8-A and the

various chemical and fertilizer costs are shown in Tables 9-A and 10-A in the ADDENDA. Costs of

planting and maintaining reset trees through three years of age are shown in Table 12-A. Also, historic

on-tree prices for selected citrus varieties are shown in 17-A. Although brand names are used in many



RONALD P. MURARO is a Professor of Food and Resource Economics and Extension Farm
Management Economist stationed atthe Citrus Researchand Education Center, Lake Alfred. FRITZ M.
ROKA is an Assistant Professor in Economics and ROBERT E. ROUSE is an Associate Professor of
Horticulture; both are stationed at the Southwest Florida Research and Education Center, Immokalee.










BUDGETING COSTS AND RETURNS FOR SOUTHWEST
FLORIDA CITRUS PRODUCTION, 2002-03

Ronald P. Muraro, Fritz M. Roka, and Robert E. Rouse

INTRODUCTION


Southwest Florida has become a major citrus production area. In 2002 citrus acreage in Southwest

Floridarepresented over21.5% o total state citrus acreage. Acreage in SouthwestFlorida increased from

72,480 in 1986 to 179,948 in 1998 then decreased to 170,457 in 2002. The 5.3% decline in acreage was

primarily due to trees on sour orange rootstock that died from tristeza virus and acreage destroyed in the

citrus canker eradication program. Southwest Florida refers primarily to Charlotte, Collier, Glades,

Hendry and Lee counties. However, the costs shown are applicable to other South Central Florida

counties such as DeSoto, Okeechobee, and Sarasota counties.

Budget analysis provides the basis for many grower decisions. Budget analysis can be used to

calculate potential profits from an operation, to determine cash requirements for an operation, and to

determine break-even prices. This reportpresents two budgets constructed from current dataand provides

a format for growers to analyze costs and returns from their individual records.


METHOD OF DATA COLLECTION


The data presented here were developed by surveying custom operators, input suppliers, growers,

and colleagues at both the Southwest Florida Research and Education Center and the Citms Research and

Education Center in Lake Alfred. The survey is conducted annually in February and March.


COSTS AND INPUTS


Costs for various production inputs are those collected from citrus growers as well as the average

of the data obtained from annual custom rate, chemical, and fertilizer surveys. Grower costs are shown

in the ADDENDA, Table 1-A through 7-A. The custom rate charges are shown in Table 8-A and the

various chemical and fertilizer costs are shown in Tables 9-A and 10-A in the ADDENDA. Costs of

planting and maintaining reset trees through three years of age are shown in Table 12-A. Also, historic

on-tree prices for selected citrus varieties are shown in 17-A. Although brand names are used in many



RONALD P. MURARO is a Professor of Food and Resource Economics and Extension Farm
Management Economist stationed atthe Citrus Researchand Education Center, Lake Alfred. FRITZ M.
ROKA is an Assistant Professor in Economics and ROBERT E. ROUSE is an Associate Professor of
Horticulture; both are stationed at the Southwest Florida Research and Education Center, Immokalee.










BUDGETING COSTS AND RETURNS FOR SOUTHWEST
FLORIDA CITRUS PRODUCTION, 2002-03

Ronald P. Muraro, Fritz M. Roka, and Robert E. Rouse

INTRODUCTION


Southwest Florida has become a major citrus production area. In 2002 citrus acreage in Southwest

Floridarepresented over21.5% o total state citrus acreage. Acreage in SouthwestFlorida increased from

72,480 in 1986 to 179,948 in 1998 then decreased to 170,457 in 2002. The 5.3% decline in acreage was

primarily due to trees on sour orange rootstock that died from tristeza virus and acreage destroyed in the

citrus canker eradication program. Southwest Florida refers primarily to Charlotte, Collier, Glades,

Hendry and Lee counties. However, the costs shown are applicable to other South Central Florida

counties such as DeSoto, Okeechobee, and Sarasota counties.

Budget analysis provides the basis for many grower decisions. Budget analysis can be used to

calculate potential profits from an operation, to determine cash requirements for an operation, and to

determine break-even prices. This reportpresents two budgets constructed from current dataand provides

a format for growers to analyze costs and returns from their individual records.


METHOD OF DATA COLLECTION


The data presented here were developed by surveying custom operators, input suppliers, growers,

and colleagues at both the Southwest Florida Research and Education Center and the Citms Research and

Education Center in Lake Alfred. The survey is conducted annually in February and March.


COSTS AND INPUTS


Costs for various production inputs are those collected from citrus growers as well as the average

of the data obtained from annual custom rate, chemical, and fertilizer surveys. Grower costs are shown

in the ADDENDA, Table 1-A through 7-A. The custom rate charges are shown in Table 8-A and the

various chemical and fertilizer costs are shown in Tables 9-A and 10-A in the ADDENDA. Costs of

planting and maintaining reset trees through three years of age are shown in Table 12-A. Also, historic

on-tree prices for selected citrus varieties are shown in 17-A. Although brand names are used in many



RONALD P. MURARO is a Professor of Food and Resource Economics and Extension Farm
Management Economist stationed atthe Citrus Researchand Education Center, Lake Alfred. FRITZ M.
ROKA is an Assistant Professor in Economics and ROBERT E. ROUSE is an Associate Professor of
Horticulture; both are stationed at the Southwest Florida Research and Education Center, Immokalee.









of the tables in the ADDENDA, this does not imply endorsement by the University of Florida. It is merely

an attempt to depict typical production practices.

All tables have a column reserved for the individual growers to insert data from a particular grove.

This will allow a comparison of the grower's costs with those presented.


THE GROVE SITUATION


Production practices for Southwest Florida orange and grapefruit groves are shown in Tables 1 and

2, respectively, with the times during the year when they are normally performed. There are two benefits

to developing such a table for an individual grove. First, it shows what work is needed and when, so that

operations can be planned well in advance. Second, it can be help ful if an annual cash flow analysis is

developed to plan financing. The individual grower may benefit from developing a plan for a particular

grove.

Specific production practices vary from grove to grove making it difficult to define a "typical"

grove. Many combinations of practices and various tree variety combinations produce acceptable yields

and returns. Although the examples represent Hamlin orange and red seedless grapefruit groves, the cost

and return data are designed to be applicable to most grove situations. A grower, realtor, or land appraiser

can substitute individual grove costs and expected returns into the budget format and develop a budget

for a particular grove. A "your cost" column is appropriately provided for this purpose in subsequent

tables.

In the following budget, above average management and cultural practices are assumed. Beyond

this general assumption, the following specifics are assumed:


1. A mature (10+ years old), low volume irrigated grove;

2. Varieties ar e process d-market H amlin orang es and fresh -market red se endless grap efruit;

3. Annual tree loss is 4 trees per acre for oranges and 3.5 trees per acre for grapefruit;

4. Trees are pulled and replaced when production falls below 50 percent of expected

yield;

5. Tree density is 145 trees per acre for oranges and 119 trees per acre for grapefruit.


As a result of tree losses and replacement, the tree ages will vary. The orange and grapefruit

budgets reflect the following age distributions shown on page 5:











Table 1.--Schedule of production practices and budget items for a Southwest Florida mature, round orange grove, 2002-03'

Month


Jan Feb


Total revenue:


Less: Pick & haul cost

DOC advertisement tax

Grove expenses:

Mow

Labor, general grove work, pull vines

Herbicide (1/2 grove acre equivalent)

Spray: Dormant

Post bloom/nutritional

Supplemental miticide

Summer oil/greasy spot

Fall miticide


Mar Apr May

50%
20% Partial
deposit payment

X

X


Jun Jul Aug Sep Oct Nov


Final
payment


X X X


Fertilizer

Hedging and topping

Brush removal/mow brush


68# N/A

Hedge

Mow brush


68# N/A


68# N/A Dolomite


Tree removal

Young tree care

Microsprinkler irrigation (times/week)

Miscellaneous (clean ditches)

Grove taxes including water management

Interest expense


X

3 3


X

2 2


2 1 1


Annual principal payment on mortgage X

"This is a suggested schedule ofpractices. Actual practices would not necessarily be done on the exact schedule shown here.









Table 2.--Schedule of production practices and budget items for a Southwest Florida mature, red seedless grapefruit grove, 2002-03'


Total revenue:


Jan

20%
deposit


Less: Pick & haul cost

DOC advertisement tax


Feb Mar

Final
payment

X

X


Month

Apr May Jun Jul


Aug Sep Oct Nov


Grove expenses:

Disc

Chop

Mow X


Labor, general grove work, pull vines

Herbicide (1/2 grove acre equivalent)

Spray: Dormant

Post bloom/nutritional

Supplemental miticide

Summer oil/greasy spot

Fall miticide

Fertilizer

Hedging and topping

Brush removal/mow brush

Tree removal

Young tree care

Microsprinkler irrigation (times/week)

Miscellaneous (clean ditches)

Grove taxes including water management


50# N/A


X X X


50# N/A


50# N/A Dolomite


Hedge

Mow brush


X

3 3


1 1

X


X

2 2


2 1


Interest expense X

Annual principal payment on mortgage X

"This is a suggested schedule ofpractices. Actual practices would not necessarily be done on the exact schedule shown here.










Hamlin Oranges


Situation

3% pulled and reset
3% 1 year old
3% 2 years old
3% 3 years old
3% 4 years old
33% 5-15 years old
3% producing 50% of expected yield
49% over 15 years old
and

Red Seedless Grapefruit

Situation

3% pulled and reset

3% 1 year old

3% 2 years old

3% 3 years old

3% 4 years old

33% 5-15 years old

3% producing 50% of expected yield

49% over 15 years old


Yield
boxes/tree

0.0
0.0
0.0
0.7
1.5
3.9
2.2
4.2



Yield
boxes/tree

0.0

0.0

0.0

1.0

1.7

4.0

3.0

6.5


Calculation of normal production per acre for Hamlin oranges and red seedless grapefruit are

shown in Tables 3 and 4, respectively.


Table 3.--Calculation of normal production per tree and per acre for Hamlin oranges, 2002-03

Boxes Total
Age of Tree Trees /tree boxes


3 years

4 years

5-15 years

Prod. 50% of


Total no.
all ages

145

145

145


Proportion
ea. age'

x 0.03

x 0.03

x 0.33


No. ea.
age

4.4

4.4

47.9


---------- No. ----------

x 0.7 3.1

x 1.5 6.6

x 3.9 186.8


exp. yield 145 x 0.03 4.4 x 2.2 9.7

Over 16 years 145 x 0.49 71.0 x 4.2 298.2

Total boxes = 504.4

'Proportion adds up to 91 percent as 9 percent of the trees were non-bearing (pulled and reset, 1
and 2 year old trees).










Table 4.--Calculation of normal production per tree and per acre for red seedless grapefruit,
2002-03

Boxes Total
Age of Tree Trees /tree boxes
Total no. Proportion No. ea.
all ages ea. age" age ---------- No. ----------

3 years 119 x 0.03 3.6 x 1.0 3.6

4 years 119 x 0.03 3.6 x 1.7 6.1

5-15 years 119 x 0.33 39.2 x 4.0 156.8

Prod. 50% of
exp. yield 119 x 0.03 3.6 x 3.0 10.8

Over 16 years 119 x 0.49 58.2 x 6.5 378.3

Total boxes 555.6

"Proportion adds up to 91 percent as 9 percent of the trees were non-bearing (pulled and reset, 1
and 2 year old trees; see page 5).


BUDGET COSTS AND RETURNS


The estimated budget costs and returns for the two Southwest Florida grove situations are shown in

Tables 5 and 7. The budgeted costs represent one possible citms production program and were selected from

the costs shown in the ADDENDA tables. The costs presented in the budgets represent an owner-

managed citrus operation. The gross revenue estimates are based on the projected yields in Tables 3 and

4 and estimated preliminary on-tree prices for the 2002-03 season. Grove establishment and reset costs,

harvesting and packing charges can be found in Tables 11-A through 16-A in the ADDENDA. Also,

historicalon-tree prices for selected Florida citrus varieties are shown in Table 17-A of the ADDENDA.

As shown in Table 5, the total revenue for processed-market Hamlin oranges is estimated to be

$1,512.00 per acre. Total specified costs are $819.03 and are comprised of grove care costs of $771.03, plus

management cost of $48.00. Return to land and trees of $692.97 represents net return above variable costs.

At 350 and 550 boxes per acre, respectively, the break-even price required to cover grove care costs for

Hamlin oranges range from $2.20 to $1.40 per box on-tree and $0.75 to $0.62 perpounds solids delivered-in.

In Table 7, totalrevenue for fresh market red seedless grapefruit is estimated to be $1,587.30 peracre.

Total specified costs are $919.47, being comprised of grove care costs of $871.47, plus management cost of

$48.00. Return to land, trees, and ownership ornetreturn above variable costs is $667.83. At350 and 550

boxes per acre, respectively, the break-even price required to cover grove care costs for seedless grapefruit

range from $2.49 to $1.58 perbox on-tree and $1.28 to $1.09 per pound solids delivered-in for eliminations.









Ad valorem taxes, and overhead and administrative costs (such as water drainage district taxes, crop

insurance, and other grower assessments) can add up to 12 p percent of the total grove care co sts. These co sts

vary from grove to grove depending on age, location, variety of fruit, etc. and should be considered in

arriving at a net return to land, trees, and ownership (total return minus total costs). Harvest costs (pick,

roadside, and hauling costs) also add to the total fruit cost delivered to either a proce ssing plant or fresh fruit

packinghouse. Also, average annual debt payment (principal and interest) may be as high as $435 per acre

($3,700 average debt per acre @ 10 percent interest amortized over 20 years) which would reduce total

available cash for grove expansion or other investment.

An estimated "delivered-in" costs are shown for processed oranges in Table 6 and fresh packed red

grapefruit in Table 8. "Delivered-in" costs include grove care costs (Tables 5 and 7) plus harvesting,

regulatory, and grower assessment costs. The "delivered-in" costs are presented as a cost per acre, per box,

and per pound solids orper carton. Threepossible budgetcost scenarios are presented (Refer to Tables 13-A

and 14-A): 1) Low Cost Processed Cultural Program; 2) Reduced Cost Cultural Program; and 3)

Typical/Historical Cultural Program. Scenarios 1 and 2 represent costs of two possible cultural programs

directed toward reducingthe expenditures for fruit grown primarily for the fresh/proce ssed market. Thethird

scenario represents typical costs of grove practices which have been performed for citrus grown for the fresh

fruit market in the case of grapefruit and the processed market in the case or oranges. Modified herbicide

and/or spray and fertilizer programs account for the reduced costs. NOTE: Before modifying a grove

management program to reduce costs, an evaluation of the market program (processed or fresh), yield, and

specific cultural problems (nutrition, disease, etc.) forthe specific grove site should be made. Also, in Table

9, the total estimated F.O.B. cost for fresh packed Red grapefruit is shown. The F.O.B. costs are presented

for "fresh fruit packout percentage rates" ranging from 50 percent to 100 percent.


HISTORICAL COST TRENDS


Annual budgets of costs and returns for mature, processed Hamlin oranges and mature fresh-market

seedless grapefruit in the Southwest Florida area have been developed and published in each of the past five

years. Estimated cost and return histories for 1998-99 through 2001-02 along with 2002-03, and a five-year

average are presented in Tables 10 and 12. To allow comparisons in current values, these same costs and

returns, adjusted to 2003 dollars, are presented in Tables 11 and 13.








Table 5.--Estimated annualper acre costs and returns for a mature Hamlin orange grove producing forthe processed market, Southwest Florida area, 2002-03"

Item Description Amount Your cost


504 boxes @ $3.00O


- ------------ Dollars --- -----

1,512.00


II. Expenses

Weed control
Mow middles
Chemical mow (Table 2-A, Progam #10)
General grow work/sprouting, etc.
Herbicide (Table 2-A, Program #1, #6, & #8)
Spray program (Table 1-A, Progams #11 & #13)
Fertilizer (Table 3-A, Progam #4)
Dolomite (Table 6-A Program #1)
Pruning (maintenance)
Topping
Hedging
Mow brush
Tree replacement and care (Table 12-A)
Remove trees
Prepare sites and plant resets
Supplemental fertilizer, sprout, etc. (Trees 1-3 years)
Microsprinkler irrigation (Table 7-A, Progam #4)
Drainage ditch annual costs (Table 7-A, Program #5)
Total grove care expenses

III. Management

IV. Total specified costs

V. Return to land, trees, and ownership

VI. Break-even pric e for total grove care exp enses

Boxes per acre
350 400 450 500


3 times per year
2 times per year
(2 labor hours per acre)






($279.00/hr. + 10 A/hr.) 2.5 yrs.
($255.00/hr. + 10 A/hr.) 2 yrs.
($8.23/A + 2 yrs.)
(1 through 3 years)
4 trees per acre
Including 4 trees per acre
Including application


22.32
13.50
25.84
121.47





11.16
12.75
4.12

18.96
46.08
37.40


$4.00 per acre per month'


183.13
137.18
124.05
12.04




28.03




102.44
145.30
38.86
771.03

48.00

819.03

692.97


Boxes per acre
350 400 450


$ On-tree price per box


2.20


1.93


1.71


1.54


1.40


0.75


$ Delivered-in price per pound solids
0.70 0.67 0.64


'Although the estimated annual per acre grove costs shown in Tables 5 and 6 are representative for a mature Southwest Florida Hamlin orange and red seedless grapefruit grove, respectively, the grove care
costs for a specific grove site may differ depending upon the grove pmctices performed; e.g., a Temik application would add $117.88 per acre; extensive tree loss due to blight or tristeza could at least double,
if not increase more, the tree replacement and care costs; etc. Also, truck watering of resets could add another $8.31 per acre (average 5 waterings).
bOn-tree price per b ox is pre liminary; assumes price for process sed oran ges only.

'Other methods to estimate a management cost--e.g., 5% of gross sales or 10% of total grove care costs--are used in the industry. Other selected methods will givea different return to land and trees than reported
here.

dOther cost items which are not included in the budget are ad valorem taxes and interest on grove investm ent. In addition to these cost items, overhead and administrative cosis, such as water drainage/district
taxes,
crop insurance, and other grower assessments, can add up to 12 p percent to the total grove care costs. These costs vary from grove to grove depending on age, location, and time of purchase or grove establishment.

'Assumes 6.2 pounds solids per box and $2.22 pickand haul cost perbox (including canker decontamination costs) and Department of Citrus advertising assessmentof $0.165 per box.


I. Revenue











Table 6.--Estimated total delivered-in cost for Southwest Florida Hamlin oranges grown for the processed market under three cultural cost programs, 2002-03

Represents a mature (10+ years old) Processed Hamlin Oranges Processed Hamlin Oranges FreshProcessed Hamlin Oranges
Fresh/Processed Hamlin Oranges
Southwest Florida Orange Grove Low Cost Reduced Cost C
Cultural Program
Cultural Program Cultural Program

$/Acre $/Box $/P.S. $/Acre $/Box $/P.S. $/Acre $/Box $/P.S.

Total Production/Cultural Costs $ 725.50 $1.439 $0.2322 $ 771.03 $1.530 $0.2467 $ 873.48 $1.733 $0.2795

Interest on Operating (Cultural) Costs 36.28 0.072 0.0116 38.55 0.076 0.0123 43.67 0.087 0.0140

Management Costs 48.00 0.095 0.0154 48.00 0.095 0.0154 48.00 0.095 0.0154

Taxes/Regulatory Costs:
Property Tax and Water Management
District Tax 61.00 0.121 0.0195 61.00 0.121 0.0195 61.00 0.121 0.0195
Canker Decontamination Costs 4.54 0.009 0.0015 4.54 0.009 0.0015 4.54 0.009 0.0015

Total Direct Grower Costs $ 875.32 $1.737 $0.2801 $923.12 $1.832 $0.2954 $1,030.69 $2.045 $0.3298

Interest on Average Capital Investment Costs 378.50 0.751 $0.1211 378.50 0.751 0.1211 378.50 0.751 0.1211

Total Grower Costs $1,253.82 $2.488 $0.4012 $1,301.62 $2.583 $0.4165 $1,409.19 $2.796 $0.4510

Harvesting and Assessment Costs:
Pick/Spot Pick, Roadside & Haul and
Canker Decontamination Costs 1,120.39 2.223 0.3585 1,120.39 2.223 0.3585 1,120.39 2.223 0.3585
DOC Assessment 83.16 0.165 0.0266 83.16 0.165 0.0266 83.16 0.165 0.0266

Total Harvesting and Assessment Costs 1,203.55 2.388 0.3852 1,203.55 2.388 0.3852 1,203.55 2.388 0.3852

Total Delivered-in Cost $2,457.37 $4.876 $0.7864 $2,505.17 $4.971 $0.8017 $2.612.75 $5.184 $0.8361


Refer to cultural program shown Refer to cultural program shown in
P.S. = Pound Solids
on Table 13-A. Table 13-A.
Refer to cultural program shown in
Yield: 504 boxes/acre @ 6.2 P.S. per box
Table 5.
Two summer oil sprays with oil, A Fall Miticide Spray added to the
145 trees per acrenut p
copper, and nutritional. cultural program shown in Table 5.











Table 7.--Estimated annual per acre costs and returns for a mature, red seedless grapefruit grove producing for the freshmarket, Southwest Florida area, 2002-03a

Item Description Amount Your cost

--------------------- Dollars -----------------

I. Revenue 555 boxes @ $2.86b 1,587.30

II. Expenses
Weed control
Mow middles 3 times per year 22.32
Chemicalmow (Table 2-A, Program #10) 2 times per year 13.50
General grove work/sprouting etc. (2 labor hours per acre) 25.84
Herbicide(Table 2-A, Program #1, #6, & #8) 121.47 183.13
Spray program (Table 1-A, Programs #1, #6, #13, #14, & #18) 281.73
Fertilizer (Table 3-A, Program #2) 99.05
Dolomite(Table 7-A, Program #1) 12.04
Pruning (maintenance)
Topping ($279.00/hr. + 10 A/hr.) 2.5 yrs. 11.16
Hedging ($255.00/hr. + 8 A/hr.) 2 yrs. 12.75
Raise skirts of trees ($13.00/A + 2 yrs.) 6.50
Removing/chop brush ($8.23/A + 2 yrs.) 4.12 34.53
Tree replacement and care (Table 12-A) (1 through 3 years)
Remove trees 3 trees per acre 14.22
Prepare sites and plant resets Including 3 trees per acre 34.56
Supplemental fertilizer, etc. (Trees 1-3 years) Including application 28.05 76.83
Microsprinkler irrigation (Table 7-A, Program #4) 145.30
Drainage ditch annual costs (Table 7-A, Program #5) 38.86
Total grove care expenses 871.47

III. Management 48.00

IV. Total specified costs 919.47

V. Return to land, trees, and ownership 667.83

VI. Break-even price for total grove care expenses

Boxes per acre Boxes per acre

350 400 450 500 550 350 400 450 500 550

$ On-tree price per box $ Delivered-in price per pound solids for eliminations

2.49 2.18 1.94 1.74 1.58 1.28 1.21 1.16 1.12 1.09

'Although the estimated annual per acre grove costs shown in Tables 5 and 6 are representative for a mature Southwest Florida Hamlin orange and red seedless grapefruit grove, respectively, the grove care
costs for a specific grove site may differ depending upon the grovepractices performed; e.g., a Temik application would add $117.88 per acre; extensive tree loss due to blight or tristeza could at least double,
if not increase more, the tree replacement and care costs; etc. Also, truck watering of resets could add another $8.31 per acre (average 5 waterings).
bOn-tree price per box is prelim inary; assume s average of all methods of sale (fresh an d processed).

'Other methods to estimate a management cost--e.g., 5% of gross sales or 10% of total grove care costs--are used in the industry. Other selected methods will give a different return to land and trees than reported
here.

dOther cost items which are not included in the budget are ad valorem taxes and interest on grove investment. In addition to these cost items, overhead and administrative costs, such as water drainage/district
taxes, crop insurance, and other grower assessments, can add up to 12 percent to the total grove care costs. These costs vary from grove to grove depending on age, location, and time of purchase or grove
establishment.

'Assumes 4.7 pounds solids per box and $2.29 pick and haul cost per box (includes spot picking and fruit drenching and canker decontamination costs), D.O.C. $0.25 advertising tax, $055 per box handling
through packinghouse, and $0.45 per box delivery to processing plant.











Table 8.--Estimated total delivered-in cost for Southwest Florida Red Grapefruit grown for the fresh/processed market under three cultural cost programs,
2002-03

Processed Red Grapefruit Fresh Packed Red Grapefruit Fresh Packed Red Grapefruit
Represents a mature (10+ years old)
Presents a mature (0 years ol) Low Cost Reduced Cost Typical/Historical
Southwest Florida Red Grapefruit GroveProgram Cultural Program
Cultural Program Cultural Program Cultural Program


Total Pro duction/Cultural Costs

Interest on Operating (Cultural) Costs

Management Co sts

Taxes/Regulatory Costs:
Property Tax and Water Management
District Tax
Fly Protocol Cost
Canker Decontamination Costs

Total Taxe s/Regulatory Costs

Total Direct Grower Costs

Interest on Average Capital Investment Costs

Total Grower Costs

Harvesting and Assessment Costs:
Pick/Spot Pick, Roadside & Haul and
Canker Decontamination
Fruit Drenching (Fresh)
DOC Assessment

Total Harve sting and A assessment C osts

Total Delivered-In Cost


$/Acre $/Box $/P.S.


697.10

34.86

48.00


$1.256

0.063

0.086


$0.2672

0.0134

0.0184


48.80 0.088 0.0187


4.54

53.34

$ 833.30

378.50

$1,211.80


0.008

0.096

$1.501

0.682

$2.183


0.0017

0.0204

$0.3195

0.1451

$0.4646


1,046.18 1.885 0.4011


11.00

1,157.18

$2,368.97


0.200

2.085

$4.268


0.0426

0.4436

$0.9082


$/Acre $/Box $/Carton


$829.36

41.47

48.00



48.80
52.13
4.54

105.47

$1,024.30

378.50

$1,402.80



1,178.27
94.35
138.75

1,411.37

$2,814.16


$1.494

0.075

0.086



0.088
0.094
0.008

0.190

$1.846

0.682

$2.528



2.123
0.170
0.250

2.543

$5.071


$1.0144

0.0374

0.0432



0.0478
0.0477
0.0012

0.0967

$1.1917

0.3410

$1.5327



1.0615
0.0850
0.1250

1.2715

$2.8042


$/Acre

$871.47

43.57

48.00



48.80
52.13
4.54

105.47

$1,068.51

378.50

$1,447.01



1,178.27
94.35
138.75

1,411.37

$2,858.38


$/Box $/Carton


$1.570

0.079

0.086



0.088
0.094
0.008

0.190

$1.925

0.682

$2.607



2.123
0.170
0.250

2.543

$5.150


$1.0144

0.0393

0.0432



0.0478
0.0477
0.0012

0.0967

$1.1936

0.3410

$1.5346



1.0615
0.0850
0.1250

1.2715

$2.8061


Two cartons per box Refer to cultural program
Two cartons per box Refer to cultul program Refer to cultural program shown Refer to cultural program shown
P.S. = Pound Solids shown on Table 14-A. on Table 14-A. in Table 7.
Yield: 555 boxes/acre @ 4.7 P.S. per box Two summer oil sprays with oil, Assumes 100 packout Assumes 100 packout
119 trees per acre copper, and nutritionals.packout
119 trees per acre copper, and nutritionals.








12



Table 9.--Estimated F.O.B. cost for fresh market Southwest Florida Red grapefruit, 2002-03

Percent Packout 50.00% Percent Packout 60.00% Percent Packout 70.00%
Box Yield Per Acre 555 Box Yield Per Acre 555 Box Yield Per Acre 555

Per Acre Per Box Per Carton Per Acre Per Box Per Carton Per Acre Per Box Per Carton

Total Production/
Cultural Costs $871.47 $4.180 $2.0899 $871.47 $3.483 $1.7415 $871.47 $2.986 $1.4928

Interest on Operating
(Cultural Costs) 43.57 0.209 0.1045 43.57 0.174 0.0871 43.57 0.149 0.0746

Management 48.00 0.230 0.1151 48.00 0.192 0.0959 48.00 0.164 0.0822

Taxes/Regulatory 105.47 0.506 0.2529 105.47 0.422 0.2108 105.47 0.361 0.1807

Interest on Average
Capital Investment 378.50 1.815 0.9077 378.50 1.513 0.7564 378.50 1.297 0.6483

Harvesting (Pick, Haul, Etc.)
and DOC Assessment 1,411.37 6.769 3.3846 1 411.37 5.641 2.8205 1 411.37 4.835 2.4175

Total Delivered-In Cost $2,858.38 $13.709 $6.8546 $2,858.38 $11.424 $5.7122 $2,858.38 $9.792 $4.8962

Packing & Selling 2,183.93 7.870 3.9350 2,620.71 7.870 3.9350 3,057.50 7.870 3.9350

Fresh Eliminations Costs
(Credit)" -244.20 -1.171 -0.5856 -195.36 -0.781 -0.3904 -146.52 -0.502 -0.2510

Total F.O.B. Costs $4.798.10 $20.408 $10.2040 $5.283.73 $18.514 $9.2568 $ $ 17.160 $8.5802

Percent Packout 80.00% Percent Packout 90.00% Percent Packout 100.00%
Box Yield Per Acre 555 Box Yield Per Acre 555 Box Yield Per Acre 555

Per Acre Per Box Per Carton Per Acre Per Box Per Carton Per Acre Per Box Per Carton

Total Production/
Cultural Costs $871.47 $2.612 $1.3062 $871.47 $2.322 $1.1610 $871.47 $2.090 $1.0449

Interest on Operating
(Cultural) Costs 43.57 0.131 0.0653 43.57 0.116 0.0581 43.57 0.104 0.0522

Management 48.00 0.144 0.0719 48.00 0.128 0.0639 48.00 0.115 0.0576

Taxes/Regulatory 105.47 0.316 0.1581 105.47 0.281 0.1405 105.47 0.253 0.1265

Interest on Average
Capital Investment 378.50 1.135 0.5673 378.50 1.009 0.5043 378.50 0.908 0.4538

Harvesting (Pick, Haul, Etc.)
and DOC Assessment 1,411.37 4.231 2.1154 1411.37 3.761 1.8803 1411.37 3.385 1.6923

Total Delivered-In Cost $2,858.38 $8.568 $4.2841 $2,858.38 $7.616 $3.8081 $2,858.38 $6.855 $3.4273

Packing & Selling 3,494.28 7.870 3.9350 3,931.07 7.870 3.9350 4,367.85 7.870 3.9350

Fresh Eliminations Costs
(Credit)" -97.68 -0.293 -0.1464 -48.84 -0.130 -0.0651 0.00 0.000 0.0000

Total F.O.B. Costs $6.254.98 $16145 $80727 $6740.60 $15.356 $7.6781 $7226.23 $14.725 $7.3623

""Net Eliminations Cost" equals the average yield of 4.70 pound solids per box times $0.40 per pound solids less packinghouse elimination charge and
cannery hauling charge of $1.00 per box.













Table 10.--Estimated annual per acre costs and returns and 5-year average costs and returns for a mature, Hamlin orange grove producing citrus
for processed market in the Southwest Florida area, 1998-99-2002-03


On-tree Gross Total grove Total specified Net return to land,
Year price/box" Yield revenue care expenses costsc trees, and ownership

---------------------------------------- Dollars -------------------------------------


1998-99 $4.12 504 2,076.48 745.18 793.18 1,283.30


1999-00 $3.07 504 1,547.28 758.85 806.85 740.43


2000-01 $2.57 504 1,295.28 769.04 817.04 478.14


2001-02 $2.39 504 1,204.56 767.23 815.23 389.33


2002-03 $3.00b 504 1,512.00 771.03 819.03 692.97


5-yr. avg. $3.03 504 1,557.12 762.27 810.27 716.85


"On-tree prices for processed oranges only as reported by the Florida Agricultural Statistics Service.
bPreliminary estimate by authors at time of printing and is not a published price.

CA management cost of $4.00 per acre per month is included. Fixed costs such as taxes, debt service, and crop insurance are not
included.













Table 11.--Estimated annual per acre costs and returns and 5-year average costs and returns (adjusted to 2003 dollars) for a mature, Hamlin
orange grove producing citms for processed market in the Southwest Florida area, 1998-99-2002-03


Adjusted
Inflation on-tree Gross Total specified Net return to land,
Year factor index" price/box Yield revenue costs trees, and ownership

------------------------------ Dollars --------------------


1998-99 109.6 $4.52 504 2,278.08 869.33 1,408.75


1999-00 103.7 $3.18 504 1,604.72 836.70 766.02


2000-01 102.5 $2.63 504 1,325.52 837.47 488.05


2001-02 105.0 $2.51 504 1,265.04 855.99 409.05


2002-03 100.0 $3.00 504 1,512.00 819.03 692.97


5-yr. avg. $3.17 504 1,597.68 843.70 753.98


"Producer price index for each year adjusted to 2003 prices (2003 100), with 2003 producer price index estimated to be 137.6. Producer
price index for other years are: 1999- 125.5; 2000 132.7; 2001 134.2; and 2002 = 131.1.

bA management cost of $4.00 per acre per month is included. Fixed costs such as taxes, debt service, and crop insurance are not included.
(Refer to Table 10.)













Table 12.--Estimated annual per acre costs and returns and 5-year average costs and returns for a mature, red seedless grapefruit grove
producing citrus for fresh market packing in the Southwest Florida area, 1998-99-2002-03


On-tree Gross Total grove Total specified Net return to land,
Year price/box" Yield revenue care expenses costsc trees, and ownership

---------------------------------------- Dollars -------------------------------------


1998-99 $2.65 555 1,470.75 843.97 891.97 578.78


1999-00 $3.85 555 2,136.75 867.06 915.66 1,221.69


2000-01 $2.28 555 1,265.40 864.79 912.79 352.61


2001-02 $2.17 555 1,204.35 874.54 922.54 281.81


2002-03 $2.86b 555 1,587.30 871.47 919.47 667.83


5-yr. avg. $2.76 555 1,531.80 864.37 912.37 619.43


'On-tree prices for all sales methods as reported by the Florida Agricultural Statistics Service.
bPreliminary estimate by authors at time of printing and is not a published price.

CA management cost of $4.00 per acre per month is included. Fixed costs such as taxes, debt service, and crop insurance are not included.













Table 13.--Estimated annual per acre costs and returns and 5-year average costs and returns (adjusted to 2003 dollars) for a mature, red seedless
grapefruit grove producing citrus for fresh fruitpacking in the Southwest Florida area, 1998-99-2002-03


Adjusted
Inflation on-tree Gross Total specified Net return to land,
Year factor index" price/box Yield revenue costs trees, and ownership

------------------------------ Dollars --------------------


1998-99 109.6 $2.90 555 1,609.50 977.60 631.90


1999-00 103.7 $3.99 555 2,214.45 949.54 1,264.91


2000-01 102.5 $2.34 555 1,298.70 935.61 363.09


2001-02 105.0 $2.28 555 1,265.40 968.67 296.73


2002-03 100.0 $2.86 555 1,587.30 919.47 667.83


5-yr. avg. $2.87 555 1,592.85 950.18 642.67


'Producer price index for each year adjusted to 2003 prices (2003 100), with 2003 producer price index estimated to be 137.6. Producer
price index for other years are: 1999- 125.5; 2000 132.7; 2001 134.2; and 2002 = 131.1.

bA management cost of $4.00 per acre per month is included. Fixed costs such as taxes, debt service, and crop insurance are not included.
(Refer to Table 12.)







17

REFERENCES


1. Citrus Summary 2001-02. Florida Agricultural Statistics Service. Florida Agricultural Statistics.
January 2003.

2. Muraro, Ronald P. "A Listing of Estimated Comparative Southwest Florida Citrus Production
Costs Per Acre for 2002-03." Lake Alfred Citrus Research and Education Center (CREC) Report.
Lake Alfred, FL: June 2003.

3. _. "Cost for Establishing, Planting, and Maintaining a Citrus Grove through Four Years of
Age, South Florida Flatwoods Area." Lake Alfred CREC Report. Lake Alfred, FL: Nov. 1989.

4. __ _. "Estimated Cost of Planting and Maintaining a Reset Citrus Tree through Three Years of
Age." Lake Alfred CREC Report. Lake Alfred, FL: Dec. 2000.

5. _____. "A Listing of 2003 Custom Rates Reported byTwenty-two Indian River and South Florida
Citrus Caretakers." Lake Alfred CREC Report. Lake Alfred, FL: June 2003.

6. Savage, Zach. Citrus Yields Per Tree Age. Univ. of Fla. Agr. Ext. Ser. 60-8. Gainesville: 1960.

7. Timmer, L. W. (Ed.). 2003 Florida Citrus Pest Management Guide. Univ. of Fla. Coop. Ext. Svc.
SP 43. Gainesville: Jan. 2003. 150 p.

8. Tucker, D. P. H., A. K. Alva, L. K. Jackson, and T. A. Wheaton (Eds.). Nutrition of Florida Citrus
Trees. Univ. of Fla. Coop. Ext. Svc. SP 169. Gainesville: 1995. 61 pp.







18

ADDENDA: Listing of Grove Care Programs for Southwest Florida Citrus Production for Both
Round Oranges and Grapefruit
Page
Table 1-A Spray program s ..................................... .............. 19
Post bloom spray .................................................. 19
Sum m er spray .................................................... 21
Fall spray ............................................ ......... 22

Table 2-A Herbicide ............................................ ......... 23

Table 3-A D ry fertilizer ..................................................... 26

Table 4-A. Liquid fertilizer (Double boom application) ............................. 27

Table 5-A N em aticides .................................... .................. 27

Table 6-A Soil am endm ent ..................................... .............. 28

Table 7-A. Irrigation--annual cost per acre .................................... 28
D rip ................................................ ........ ... 28
M icrosprinkler ........................................ ......... 28
Drainage ditch annual costs .......................................... 28

Table 8-A. A listing of 2003 custom rates reported by twenty-two Indian River and South
Florida citrus caretakers ............................................. 29

Table 9-A. 2003 summary of average chemical price estimates ....................... 31

Table 10-A. 2003 summary of average fertilizer price estimates ........................ 33

Table 11-A. Cost for establishing, planting and maintaining a citrus grove through four years
of age, South Florida flatwoods area ................................... 35

Table 12-A. Estimated cost of planting and maintaining a reset citrus tree through three years
of age, Decem ber 2000 ............................................. 36

Table 13-A. A listing of estimated comparative Southwest Florida citrus production costs per
acre for oranges, 2002-03 ........................................... 37

Table 14-A. A listing of estimated comparative Southwest Florida citrus production costs per
acre for grapefmit, 2002-03 .......................................... 38

Table 15-A. Estimated average picking, roadsiding and hauling charges for Florida citrus,
2002-03 .............................................. ......... 39

Table 16-A. Estimated average packing charges for Florida citrus, 2002-03 .............. 40

Table 17-A. Historic prices for selected citrus varieties .............................. 41

Table 18-A. Debt which can be supported per $1,000.00 annual payment capacity ......... 42

Abbreviations for important chemicals are:
B Boron Fe Iron Mn Manganese Zn Zinc
Cu Copper Mg Magnesium N Nitrogen










Table 1-A.--Spray programs


POST BLOOM SPRAY


Spray Program #1


Materials/Ingredients

Cu (50% metallic)
Zn
Mn
B

Ground Application
(PTO driven airblast)


Total per Application $50.39


Spray Program #2


Spray Program #3


Spray Program #4


Materials/Ing redients

Cu (50% metallic)
Zn
Mn
Micromite 25WP

Ground Application
(PTO driven airblast)

Total per Application


Materials/Ing redients

Cu (50% metallic)
Ethion
Oil 97+%

Ground Application
(PTO driven airblast)

Total per Application


Materials/Ing redients

Cu (50% metallic)
Potassium Nitrate
Lorsban 4EC
Hystop (pH Reducer)

Ground Application
(PTO driven airblast)

Total per Application


Your
Cost/Acre


Amount
/Acre

15 lbs
5 lbs
10 lbs
0.25 lb

150 gals


Cost/Acre

$19.05
3.95
3.10
1.27

23.02


Your
Cost/Acre


Amount
/Acre

10 lbs
5 lbs
10 lbs
1.25 lbs

100 gals


Cost/Acre

$12.70
3.95
3.10
39.03

20.22


$79.00


Your
Cost/Acre


Cost/Acre

$ 8.89
21.10
6.75


20.22


$56.96


Amount
/Acre

7 lbs
5 pts
3 gals

100 gals


Amount
/Acre

7 lbs
10 lbs
4 pts
1 pt

100 gals


Your
Cost/Acre


Cost/Acre

$ 8.89
2.00
20.64
2.13

20.22


$53.88


------------------------------------------------------------------------------------------------










Table 1-A.--Spray programs (cont'd.)

POST BLOOM SPRAY (cont'd.)


Spray Progran










Spray Progran


S#5


Materials/Ingredients
Kelthane MF
Cu (50% metallic)
Ground Application
(PTO driven airblast)
Total per Application


Amount
/Acre
5 pts
10 lbs
250 gals


Cost/Acre
$21.25
12.70
24.18


Your
Cost/Acre


$58.13


Amount
n #6 Materials/Ing redients /Acre Cost/Acre
Ethion 6 pts $25.31
Cu (50% metallic) 7 lbs 8.89
Oil 97+% 3 gals 6.75
Ground Application 250 gals 24.18


(PTO driven airblast)
Total per Application


Your
Cost/Acre


$65.13


Spray Program


Amount
#7 Materials/Ing redients /Acre Cost/Acre
Cu (50% metallic) 7 lbs $ 8.89
Zn 5 lbs 3.95
Mn 10 lbs 3.10
B 0.25 lb 1.27
Ethion 6 pts 25.32
Ground Application 500 gals 30.52


(engine driven airblast)
Total per Application


Spray Progran









Spray Progran
(Scale insect


Amount
n #8 Materials/Ing redients /Acre Cost/Acre
Vendex 4L 2 lbs $29.76
Ground Application 150 gals 23.02


(PTO driven airblast)
Total per Application


$52.78


Amount
S#9 Materials/Ing redients /Acre Cost/Acre
) Lorsban 4EC 5 pts $25.80
Ground Application 500 gals 30.52


(engine driven airblast)
Total per Application


$56.32


Your
Cost/Acre


$72.75


Your
Cost/Acre


Your
Cost/Acre


s









Table 1-A.--Spray programs (cont'd.)


SUMMER SPRAY


Spray Program












Spray Program
















Spray Program













Spray Program


Amount
#10 Materials/Ingredients /Acre Cost/Acre

Oil 97+% 10 gals $22.50
Cu (50% copper) 7 lbs 8.89

Ground Application 250 gals 24.18
(PTO driven airblast)

Total per Application $58.57



Amount
#11 Materials/Ing redients /Acre Cost/Acre

Cu (50% metallic) 7 lbs $ 8.89
Oil 97+% 5 gals 11.25
Zn 5 lbs 3.95
Mn 10 lbs 3.10
B 0.25 lb 1.23

Ground Application 150 gals 23.02
(PTO driven airblast)

Total per Application $51.44



Amount
#12 Materials/Ing redients /Acre Cost/Acre

Cu (50% metallic) 7 lbs $ 8.89
Oil 97+% 5 gals 11.25
Agri-Mek 10 ozs 47.20

Ground Application 250 gals 24.18
(PTO driven airblast)

Total per Application $91.52



Amount
#13 Materials/Ing redients /Acre Cost/Acre

Enable 8 oz $11.28
Oil 97+% 5 gals 11.25
Micromite 1.25 lbs 39.03

Ground Application 250 gals 24.18
(PTO driven airblast)

Total per Application $85.74


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre










Table 1-A.--Spray programs (cont'd.)

SUMMER SPRAY (cont'd.)


Spray Program #14


Materials/Ingredients

Cu (50% metallic)
Oil 97+%

Ground Application
(PTO driven airblast)

Total per Application


FALL SPRAY


Spray Program










Spray Program


Spray Program


Spray Program #18


Amount
#15 Materials/Ingredients /Acre Cost/Acre

Agri-Mek 5 ozs $23.60

Ground Application 150 gals 23.02
(PTO driven airblast)

Total per Application $46.62


Amount
#16 Materials/Ing redients /Acre Cost/Acre

Thiolux 80 DF (sulfur) 15 lbs $10.05

Aerial Application 15 GPA 7.55

Total per Application $17.60


Amount
#17 Materials/Ing redients /Acre Cost/Acre

Kelthane MF 6 pts $25.50

Aerial Application 15 GPA 7.55

Total per Application $33.05


Materials/Ing redients

Vendex 4L

Aerial Application

Total per Application


Amount
/Acre

2 lbs

15 GPA


Cost/Acre

$29.76

7.55

$37.31


Amount
/Acre

7 lbs
5 gals

150 gals


Your
Cost/Acre


Cost/Acre

$ 8.89
11.25

23.02


$43.16


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre










Table 2-A.--Herbicide


Herbicide Program #1


(Strip/band)


Herbicide Program #2


Amount/
Materials Treated Acre


Solicam 80DF
Karmex WP
Roundup Ultra Max

Ground Application
(1 time)

Total for 1 Application


3 lbs
4 lbs
2 qts


Cost/
Grove Acre"


$22.62
7.38
11.00

8.59


$49.59


Amount/ Cost/
Materials Treated Acre Grove Acre"


Surflan A80 DF
Simazine 4L
Roundup Ultra Max

Ground Application
(1 time)

Total for 1 Application


Herbicide Program #3


(Strip/band)


Herbicide Program #4


Amount/
Materials Treated Acre


Karmex WP
Roundup Ultra Max

Ground Application
(1 time)

Total for 1 Application


4 lbs
2 qts


Amount/
Materials Treated Acre


Solicam 80DF
Simazine 4L
Roundup Ultra Max

Ground Application
(1 time)

Total for 1 Application


8 lbs
4 qts
2 pts


$60.32
6.52
5.50

8.59


$80.93


"With respect to herbicide materials, Amount Per Grove Acre does not equal Amount Per Treated Acre shown
on the label. Only a strip orband is being treated. In this report, it is assumed that only one-half of a surface acre
is being treated.


Your Cost/
Grove Acre


(Strip/band)


Your Cost/
Grove Acre


2 qts
4 qts
2 qts


$17.68
6.52
11.00

8.59


$43.79


Cost/
Grove Acre"


Your Cost/
Grove Acre


$ 7.38
11.00

8.59


$26.97


(Strip/band)


Cost/
Grove Acre"


Your Cost/
Grove Acre










Table 2-A.--Herbicide (cont'd.)


Herbicide Program #5

(Strip/band)


Materials

Roundup Ultra Max

Ground Application
(1 time)


Total for 1 Application $19.59


Herbicide Program #6

(Strip/band)


Materials

Krovar I
Roundup Ultra Max

Ground Application
(1 time)

Total for 1 Application


Herbicide Program #7

(Strip/band)


Materials

Princep (Caliber 90)
Hyvar X
Adjuvant (Surfactant)

Ground Application
(1 time)

Total for 1 Application


Amount/ Cost/
Treated Acre Grove Acre"

4 lbs $ 6.00
6 lbs 54.57
2 pts 1.86

8.59


$71.02


Herbicide Program #8

(Strip/band)


Materials

Roundup Ultra Max
Princep (Caliber 90)

Ground Application
(1 time)

Total for 1 Application


Amount/
Treated Acre

4 qts


Your Cost/
Grove Acre


Cost/
Grove Acre"

$11.00

8.59


Amount/
Treated Acre

5 lbs
2 qts


Your Cost/
Grove Acre


Cost/
Grove Acrea

$26.70
11.00

8.59


$46.29


Your Cost/
Grove Acre


Amount/
Treated Acre

2 qts
4 lbs


Your Cost/
Grove Acre


Cost/
Grove Acre"

$11.00
6.00

8.59


$25.59


------------------------------------------------------------------------------------------------


------------------------------------------------------------------------------------------------










Table 2-A.--Herbicide (cont'd.)


Herbicide Program #9

(Strip/band)


Materials

Direx 4L
Solicam
Adjuvant (Surfactant)

Ground Application
(1 time)

Total for 1 Application


Amount/ Cost/
Treated Acre Grove Acre"

3 qts $ 6.48
3 lbs 22.62
1 qt 1.86

8.59


$39.55


Herbicide Prog

(Chemical mo


Amount/ Cost/
ram #10 Materials Treated Acre Grove Acre"

w) Roundup Ultra 1 pt $2.75

Ground Application 4.00
(1 time)

Total for 1 Application $ 6.75


Herbicide Program #11

(Chemical mow)


Materials

Roundup Ultra

Ground Application
(1 time)


Amount/
Treated Acre

1.5 pts


Cost/
Grove Acre"

$4.13

4.00


Total for 1 Application $ 8.13


Herbicide Program #12

(Spot treatment)


Materials

Roundup Ultra

Ground Application
(1 time)


Amount/ Cost/
Treated Acre Grove Acre"

2 qts $5.50

4.00


Total for 1 Application $9.50


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre










Table 3-A.--Dry fertilizer


Analysis/Material Amount
Program #1 Applied /Acre Cost/Acre

(125 lbs N/Acre) 12-2-12-2.4 MgO 1042 lbs $77.11

Application 3 times 16.05

Total for 3 Applications $93.16



Analysis/Material Amount
Program #2 Applied /Acre Cost/Acre

(150 lbs N/Acre) 15-2-15-2.4 MgO 1000 lbs $83.00

Application 3 times 16.05

Total for 3 Applications $99.05



Analysis/Material Amount
Program #3 Applied /Acre Cost/Acre

(180 lbs N/Acre) 15-2-15-2.4 MgO 1200 lbs $99.60

Application 3 times 16.05

Total for 3 Applications $115.65



Analysis/Material Amount
Program #4 Applied /Acre Cost/Acre

(204 lbs N/Acre) 17-4-17-2.4 MgO 1200 lbs $ 108.00

Application 3 times 16.05

Total for 3 Applications $124.05



Analysis/Material Amount
Program #5 Applied /Acre Cost/Acre

(225 lbs N/Acre) 15-2-15-2.4 MgO 1500 lbs $124.50

Application 3 times 16.05

Total for 3 Applications $140.55


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre










Table 4-A.--Liquid fertilizer (Double boom application)

Analysis/Material


Program #1

(180 lbs N/Ac


Program #2

(180 lbs N/Ac







Program #3

(180 lbs N/Ac


Amount


Applied /Acre Cost/Acre

re) 10-0-10 1800 lbs $ 100.80

Double Boom Custom Application 3 times 43.50

Total for 3 Applications $144.30


Analysis/Material Amount
Applied /Acre Cost/Acre

re) 10-2-10 1800 lbs $ 106.20

Double Boom Custom Application 3 times 43.50

Total for 3 Applications $146.70


Analysis/Material Amount
Applied /Acre Cost/Acre

re) 10-0-10 1800 lbs $100.80
Solicam 80DF 3 lbs* 22.62
Karmex WP 4 lbs* 7.38

Double Boom Custom Application 3 times 43.50

Total for 3 Applications $174.30


*Treated acre--one application




Table 5-A.--Nematicides


Analysis/Material


Program #1


Amount


Applied /Acre Cost/Acre

Temik 15G 33 lbs $103.62

Application 14.26

Total per Application $117.88


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre










Table 6-A.--Soil amendment


Program #1
(Every 3 years)


Program #2
(Every year)


Analysis/Material
Applied
Dolomite (Delivered)
Application
Total for 1 Application
(Average 1/3 Ton Applied/Yr)


Amount
/Acre
1 ton
1 time


Analysis/Material Amount
Applied /Acre Cost/Acre
Dolomite (Delivered) 1000 lbs $14.25
Application 7.63
Total per Application $21.88


Table 7-A.--Irrigation--annual cost per acre
DRIP
Pr,
Operating (


Maintenance of System
Total Cash Expenses

Fixed Depreciation Expense

Total Cash and Fixed Expenses $


MICROSPRINKLER


Operating


Maintenance of System
Total Cash Expenses

Fixed Depreciation Expense

Total Cash and Fixed Expenses


ogram #1
Electric)
$43.86
41.05
$84.91

42.35

127.26


Program #3
(Electric)
$49.87
45.75
$95.62


Your
Cost/Acre


Your
Cost/Acre


52.94


$148.56


DRAINAGE DITCH ANNUAL COSTS


Your
Program #5 Cost/Acre


Ditches/Canals Maintenance ($43.47/acre 3 years)
Weed Control in Ditches/Canals
Water Control: In/Out of Ditches and Canals
Total


Cost/Acre
$28.49
7.63
$36.12
$12.04


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Program #2
(Diesel)
$39.46
40.84
$80.30


45.25


$125.55


Your
Cost/Acre


Program #4
(Diesel)
$41.98
46.76
$ 88.74


56.56


$145.30


$14.76
13.05
11.05
$38.86












Table 8-A.--A listing of 2003 custom rates reported by twenty-two Indian River and South Florida citrus caretakers

Range of Rate Average
Grove Practice Unit Reported Rate' Comments

CULTIVATION AND EQUIPMENT:


Hand Labor
Mechanic Labor
Rotovate
Disc 7-8'
Disc 10'
Mow: 7-8'
9-10'
9-10'
15-16'
V-Mower
Sickle Mower
Herbicide' (Strip/Band-Single Boom)
Herbicides (Strip/Band-Single Boom)
Herbicides (Strip/Band-DoubleBoom)
Herbicide& (ChemicalMow)
Temik'
Plow
Backhoe
Vine Puller/Deviner
Middle Buster
Mound Builder
Grader Blade
Caterpillar Grader
Bush Hog
Water Truck with Driver
Pickup Truck with Driver
Flatbed/Transport Truck with Driver
Tractor with Driver
ATV with Driver


Hour $11.00- $15.00 $12.92 Plus transportation and equipment
Hour 30.00- 40.00 34.48 Labor and service truck
Hour 30.00- 40.00 35.94
Hour 26.00- 37.50 31.32
Hour 32.25- 37.50 34.35
Hour 30.00- 33.00 30.66
Hour 30.00- 37.50 32.93
Acre 9.00- 11.00 9.72
Hour 35.00- 40.00 37.79 Average $8.75/acre
Hour 30.00- 34.00 31.56 Average $8.87/acre
Hour 34.00
Hour 32.00- 38.00 35.00
Acre 12.00- 13.40 12.69 Plus materials
Acre 11.50- 13.00 12.25 Plus materials
Acre 2.50- 7.00 4.00 Plus materials
Acre 10.00- 13.00 11.83 Plus materials
Hour 30.00- 37.50 33.33
Hour 40.00- 50.00 46.28
Hour 30.00- 31.00 30.33
Hour 30.00- 37.50 34.13 With tractor and driver; 2.50 per foot
Hour 33.00- 37.50 34.50 With tractor and driver; 250 each mound
Hour 28.00- 37.50 33.00 Tractor/blade and driver
Hour 55.00
Hour 35.00- 41.00 37.83
Hour 30.00- 35.00 33.04
Hour 24.00- 35.00 38.78 Average miles traveled per year: Pick-up truck 24,990 miles
Hour 35.00- 50.00 35.70
Hour 27.50- 40.00 30.73
Hour 18.00- 25.00 21.70


SPRAYING.


1,000 Gal Tank with


PTO AIR BLAST SPRAYER

S 1,000 Gal Tank without
lE U S i


500 GPA
250 GPA
125 GPA
100 GPA
Curtec (25 GPA)

Aerial
Aerial
Aerial
Aerial

FERTILIZING.


Liquid Boom Application:
Single Boom
Double Boom
Dry (Bulk)
Lime or Dolomite
Fertilize Young Trees. Hand Spread
Fert. Spreader


35.00- 40.00 37.75
28.00- 35.00 31.20
23.00- 27.50 25.38

20.00- 22.00 20.67


30.00-
25.00-
23.50-
19.75-


35.00 34.70
30.00 28.50
25.00 23.93
21.00 20.42


Fixed Wing: $ 4.93/acre @ 5 gallons per acre
Fixed Wing: $ 6.07/acre @ 10 gallons per acre HueyHelicopter $15.00/acre @ 10 GPA
Fixed Wing: $ 7.55/acre @ 15 gallons per acre HueyHelicopter $30.00/acre @ 15 GPA
Fixed Wing: $11.02 /acre @ 20 gallons per acre





Acre $ $ $12.50
Acre 12.25
Acre 6.00- 8.25 7.02 $12.00/acre with electronic sensing technology
Acre 7.00- 8.25 7.63 Average $34.13 (includes material)
Hour 11.00- 15.00 12.92 Plus tran sportati on and m materials
Hour 26.00- 33.00 29.80 Plus materials; Average $725/acre; $12.00/acre with electronic sensing


IRRIGATION:


Ditch Mower Hour $35.00- $45.00 $41.00
Water Furrow Disc Hour 30.00- 37.50 34.10
Water Furrow Cleaner Hour 33.00- 34.00 33.33
Water Furrow Shaper (Non-Laser) Hour 35.00- 42.00 38.11
Water Furrow Shaper (Laser Control) Hour 70.00- 75.00 72.67
Rotary Ditcher or Auger Hour 30.00- 37.50 34.63
Microsprinkler/Drip Irrigation Maintenance Acre/Month 3.50- 4.50 3.85 Check & repair system; parts extra
Microsprinkler 28.75/setting; $32.33/h our (truck and driver) Start/stop and supervision


(OVER)


500 Gal
I I A


Engine Driven
500 Gal


34.95
29.47
23.40


Electronic Sensi e













Table 8-A.--A listing of 2003 custom rates reported by twenty-two Indian River and South Florida citrus caretakers (cont'd.)

Range of Rate Average
Grove Practice Unit Reported Ratey Comments

REMOVING TREES:


Front-end Loader
Tree Shearing (Cutting Tree at Ground Level)

PRUNING:
Power Saw with Operator
Hedging:
Double Side (Tractor Pulled)
Double Side (Tractor Mounted)
Double Side (Self Propelled)
Double Side Rotary Boom (Self Propelled)'
Double Side Self-Propelled Fixed Boom Hedgerx
Topping:
Tractor Pulled
Tractor Pulled (Fixed Boom)

Double Sided Topper(Self Propelled)
Double Boom (Self Propelled)
Limb Lifter/Tree Skirt Trimmer
Limb Lifter/Tree Skirt Trimmer (Double Sided Rotary)
Removing Brush:
Haul Brush out of Grove (Front-end Loader)
Mow/Chop Brush
Mulching

OTHER CUSTOM RATES:

Install Tree Wraps
Plant Trees (Solid Set)
Plant Trees (Resets)
Travel/Setup Charge
Grove Management Charge/Month:
Supervising Grow Care Operations
Handling Fruit Marketing
Supervising/Handling Ch emicals/Fertilizer

Charge for personnel to oversee harvesting operations
and coordinate harvest in different blocks/grows and
keeping of harvesting laborcompliance records.

Consulting
Total Reported Acreage Provided Grove Service to:


Hour $50.00- $57.20 $52.53 Avg. range 3-15 trees per hour
Hour 50.00- 60.00 54.29 Avg. range 5-20 trees per hour


Hour $17.00- $21.50 $ 19.81


100.00- 145.00

225.00- 265.00


265.00- 300.00


Hour 50.00- 55.00
Hour 32.00- 40.00
Hour -


130.00
200.00


6 to 10 acres/hour


255.00 8 to 20 acres/hour depending on wood size; $14 07/acre annual cut
300.00 5 to 15 acres/hour bedtops only; add 25% for furrows only
360.00 12 to 30 acres/hour-bed top only; 8 to 20 acres-bed top
\and furrow; depending on wood size
115.00 2-5 acres/hour depending on wood size
360.00 5 to 12 acres/hour rooftop; 10 to 20 aces flattop cut from bed
\topsannual maintenance cut
279.00 Avg. 8-15 acres depending on wood size type of cut; $25/acre
550.00 15 to 30 acres flattop cut from bed tops annualmaint. cut
13.00 3 to 5 acres/hour
130.00 6 to 20 acres/hour

51.14 Average $8.00/acre
36.58
250.00


$0.15 $0.45/tree depending on type of wrap and number of trees; Annual maintenance cost: 250/tree
Tree $ 0.90- $ 1.50 $ 1.15 Varies as to density
Tree 2.00- 3.25 2.31 Varies as to the number of resets
Hour 25.23

Acre 3.00- 5.75 4.29 In addition to caretaking charges
$0.10-$0.25/box -For Supervising and Marketing fruit
10% to 20% of materials cost; averaged 13%


Box $ 0.10- $ 0.25


Hour $ 85.00 $200.00 $136.00 Horticultural Evaluation and/or Financial Analysis/prospectus.
Acre 1,400- 8,000 3,225 Total acre reporting: 45,150


Source: Ronald P. Murar, Extension Farm Management Economist Lake Alfred CREC, June 2003.


'Plus materials. Caretakers reporting rates include labor, tractor and sprayer; supplytruck included by most caretakers.
YCalculated by dividing the totalnumber of caretakers reporting a grove practice rate into the sum reported. Unless otherwise stated, laborincluded with all charges.
'Low acres is for 2 years regrowth hedging; high acres is for annual maintenance hedging.









Table 9-A.--2003 summary of average chemical price estimates

Average Your Price
Item Unit Price (2003)


Fungicides:


Abound
Aliette 80WP
Basic Copper Sulfate (53%)
Copper (50%) (Kocide 101)
Carbamate 76WP
Enable 2F
Headline
Nu-Cop 50DF
Oil 435 or 455
Ridomil Gold Granular
Ridomil Gold EC


Insecticides/Nematicides:

Admire 2F
Agri-Mek (0.15EC)
Bacillus thuringienses
Comite 6.55 EC
Danitol
Ethion
Guthion 50WP
Kelthane MF
Lorsban 4EC
Lorsban 15G
Malathion 5 EC
Micromite 25WP
Microthiol 80DF
Nexter WP
Sevin 80S
Sevin XLR
Sulphur 6F
Temik 15G
Thiolux 80 DF
Vendex 50W


gal.
lb.
lb.
lb.
lb.
40 oz.
gal.
lb.
gal.
lb.
gal.


235.00
9.96
1.27
1.96
3.13
56.40
220.00
1.80
2.25
5.35
604.15


522.50
604.00
9.92
80.95
141.67
33.75
9.78
34.00
41.25
1.76
20.09
31.22
0.67
100.44
4.57
25.93
2.65
3.14
0.67
14.88










Table 9-A.--2003 summary of average chemical price estimates (cont'd.)

Average Your Price
Item Unit Price (2003)


Herbicides: Direx 4L
Direx 80 DF
Fusilade DX
Gramoxone (Paraquat)
Hyvar X
Karmex
Krovar I
Mandate 2E
Poast Plus 1.0 EC
Princep (Caliber 90)
Princep 4L
Rodeo (30 gal drum)
Roundup (30 gal drum)
Roundup Ultra Max
Simazine 90 DF
Simazine 4L
Solicam 80 DF
Surflan AS
Touchdown
Growth Regulators:
Citrus Fix
Pro-Gibb 3.91%

Other Spray Materials:
Borates (15%)
Manganese (32%)
Zinc (78%)
Nutritional Spray Mix:
Dyna Gold MZF


gal.
lb.
gal.
gal.
lb.
lb.
lb.
gal.
gal.
lb.
gal.
gal.
gal.
gal.
lb.
gal.
lb.
gal.
gal.


gal.
32 oz. bottle


17.24
3.49
123.57
33.65
18.19
3.69
10.68
180.63
53.97
3.00
13.71
72.69
27.75
44.00
2.72
13.00
15.08
70.73
35.67


284.48
37.56


0.74
0.31
0.79

6.41


SOURCE: Ronald P. Muraro, Extension Farm Management Economist, University of
Florida, IFAS, CREC, Lake Alfred, Florida, August 2003.









Table 10-A.--2003 summary of average fertilizer price estimates


Average Your Price
Item Unit Price (2003)


FERTILIZER (FOB Price @ Plant)
$
Dry Mix (Bulk)
17-0-17-3Mg ton 177.44
17-4-17-2.4Mg ton 180.46
16-0-16 ton 166.08
16-0-16-4Mg ton 174.36
16-2-16-3Mg ton 175.82
15-2-15-2.4Mg ton 165.26
12-2-12-2.4Mg ton 147.78
8-8-8 w/minors* ton 145.30
8-4-8 w/minors* ton 128.44
8-2-8 w/minors* ton 126.26
6-6-6 w/minors* ton 127.03

Liquid Mix (Bulk)
8-2-8 ton 112.48
8-4-8 ton 107.08
9-3-9 ton 109.54
9-4-9 ton 124.19
10-0-10 ton 111.81
10-2-10 ton 118.71
12-0-6 ton 110.49
12-3-6 ton 108.41


*With organic nitrogen, the price averaged 25% higher.








Table 10-A.--2003 summary of average fertilizer price estimates (cont'd.)


Average Your Price
Item Unit Price (2003)

Other Fertilizer Materials (Bulk)
Ammonium Nitrate (21% N Liquid) ton 124.75
Ammonium Nitrate (33.5% N Dry) ton 187.38
Ammonium Sulfate (21% N) ton 101.67
Calcium Nitrate (19% Ca, 15.5% N) ton 207.69
Dolomite (at mine-49% CaCO3, 36% MgCO3) ton 16.49
Muriate of Potash (60% K20) ton 162.02
Potassium Nitrate (14% N; 46% K20) ton 373.26
Sul-Po-Mag (SPM--21.9% K20) ton 162.50
Super Phosphate (20% P205) ton 143.31
Triple Superphosphate (48% P205) ton 172.94
Urea ton 373.26
Average Delivery Cost ton 12.00

Foliar Macronutrients
N-Sure 28-0-0 (72% SRN)** gal. 6.39
Phos Might 0-22-20 gal. 21.87
Nutriphite 0-28-26 gal. 26.67
MKP (0-52-34) (Mono-Potassium Phosphate) lb. 0.65
DKP (0-18-20) (Di-Potassium Phosphate) gal. 2.50


**SRN, Slow Release Nitrogen

SOURCE: Ronald P. Muraro, Extension Farm Management Economist, University of
Florida, IFAS, CREC, Lake Alfred, Florida, August 2003.









Table 11-A.--Cost for establishing, planting and maintaining a citrus grove through four years of age, South Florida flatwoods area

Cost Per Acre
Range Average

$ $
Land Cost:' Improved Pasture Land 1,700-2,500 2,050
Raw Land and Semi-improved Pasture 1,150-1,800 1,450
Land Preparation: Pasture and Light Palmettos 125- 275 195
(Clearing) Raw Land (heavy pines, palmettos) 350- 600 465
Leveling: With Laser 200- 350 275
Without Laser 100- 250 160
Bedding: 2-rows (short rows 1,350+ feet) 100- 195 130
Soil Amendments: Dolomite 1 ton 35
Super Phosphate, 400 lbs. 30
Canals, Ditches and Dikes 150- 260 195
Reservoirs and Roads 130- 180 155
Throw-out Pumps for Water Movement 45- 60 55
Culverts 65- 135 85
Middle Drop Drainage Pipes 45- 95 105
Drainage Tile 140- 160 150
Cover Crop 9- 16 12
Irrigation System: Microsprinkler with Well2 850-1,500 1,000
without Well 525-1,200 700
Drip with Well 775-1,050 875
without Well 400- 825 560
Water Permits, Environmental Studies, and Engineering: Cost 40- 90 70
Time in Months 5- 12 8
Percent Land Utilization: Planted to Citrus 55%- 85% 71%
Ditches and Canals 5%- 10% 8%
Water Retention 10%- 30% 15%
Roads and Service Areas 3%- 15% 6%

South Florida
Year
1 2 3 4

Solidset Planted Trees' ----------- Cost Per Tree ---------

Microsprinkler Irrigation and Ditch Maintenance $0.40 $0.50 $0.65 $0.85
Fertilize Tree 0.25 0.40 0.55 0.56
Supplemental Fertilization thru Irrigation 0.15 0.20 0.25 0.29
Spray 0.30 0.40 0.47 0.50
Insulated Tree Wrap (annual maintenance) 0.25 0.25 0.25 0.00
Sprouting (labor) 0.20 0.20 0.00 0.00
Cultivation/Mowing 0.44 0.44 0.44 0.44
Herbicide 0.54 0.54 0.54 0.54
Ridomil/Aliette 0.35 0.35 0.00 0.00
Miscellaneous 0.43 0.49 0.42 0.48
Total Cost Per Year $3.31 $3.77 $3.62 $3.66

Reset Trees (annual additional grove care costs) $2.13 $2.47 $1.84

Cost of Planting Trees4 Solidset $5.00 Reset = $6.30

'Land cost will vary from one county to another as well as from one parcel to another.

Irrigation costs include distribution system, power unit and well (where indicated.) The higher cost ranges reported also included a cost for fertigation
equipment.

3The per tree costs shown are applicable for tree densities of 145 to 165 trees per acre. The per tree costs should be decreased forhigher density plantingsand
increased for lower density plantings; e.g, at 200 trees per acre decrease costs by 15%; at 115 trees per acre increase costs by 15%.

'Tree cost (bare root) = $3.25; stake,plant, and water tree = $1.25 (solidset) and $2.55 (resets); and uninsulated tree wrap = $0.50.


Source: Ronald P. Muraro, Farm Management Economist, CREC, Lake Alfred, FL, November 1989.








Table 12-A.--Estimated cost of planting and maintaining a reset citrus tree through three years of age,
December 2000

Number of Resets/Replacement Trees Per Acre
1-2 3-5 6-10 11-25 26+


------------- Cost Per Tree


Year #1:
Tree Removal


Tree Cost (Container Tree)
Site Preparationa
Plant Tree and First Watering
Total Planting Cost

Supplemental Fertilization 4 Times
(Application & Materials)
Supplemental Spraying
(Application & Materials)b
Spot Herbicide (Application & Materials)
Tree Wrap (Corrugated)
Sprouting/Pruning
Miscellaneous
Supervision & Overhead
Total Tree Care Cost Year #1
Total Cost Year #1
Year #2:
Supplemental Fertilization 3 Times
(Application & Materials)
Supplemental Spraying
(Application & Materials)b
Spot Herbicide (Application & Materials)
Sprouting/Pruning
Miscellaneous
Supervision & Overhead
Total Cost Year #2
Year #3:
Supplemental Fertilization 3 Times
(Application & Materials)
Miscellaneous
Supervision & Overhead
Total Cost Year #3b
Total Three-Year Cumulative Costs


$
5.73
4.50
5.40
3.28
13.18


1.28

0.48
0.21
1.00
0.41
0.17
0.27
3.82


$
4.98
4.50
4.68
2.40
11.58


1.11

0.41
0.18
1.00
0.41
0.16
0.25
3.52


$
3.98
4.35
3.97
2.08
10.40


1.02

0.38
0.16
1.00
0.38
0.15
0.23
3.32


$ $

3.22 2.57


4.25
3.67
1.74
9.66


0.93

0.35
0.14
1.00
0.38
0.14
0.22
3.16


22.73 20.08 17.70 16.04 13.99


1.72

0.55
0.20
0.49
0.15
0.23
3.34



2.34
0.12
0.18
2.64


1.53

0.49
0.18
0.49
0.13
0.20
3.02



2.09
0.10
0.16
2.35


1.34

0.43
0.16
0.41
0.12
0.18
2.64



1.79
0.09
0.14
2.02


1.13

0.36
0.14
0.41
0.10
0.16
2.30



1.53
0.08
0.12
1.73


28.71 25.45 22.36 20.07 17.55


aSite preparation for bedded citrus grove; cost of root removal, rotovating/leveling tree planting site.
Fumigate planting site would cost approximately $2.50 per tree.
bAdditional spray costs may be incurred if leafminer is a problem.

SOURCE: Ronald P. Muraro, Farm Management Economist, CREC, Lake Alfred, FL, December 2000.


4.25
2.88
1.31
8.44


0.85

0.32
0.13
1.00
0.34
0.13
0.21
2.98


1.03

0.33
0.13
0.37
0.09
0.15
2.10



1.30
0.06
0.10
1.46










Table 13-A.--A listing of estimated comparative Southwest Florida citrus production costs per acre for oranges, 2002-2003z

Sr Low Cost Processed and Typical/Historical
Costs represent a mature (10+ years old) Processed Reduced Fresh Cost Fresh Fruit
Suhe Foi Orng GroProcessed Reduced Fresh Cost Fresh Fruit
Southwest Florida Orange Grove.
Southwest Florida O e G Cultural Program Cultural Program Cultural Program
PRODUCTION/CULTURAL COSTS:Y
Weed Management/Control:
Mechanical Mow Middles (3 times peryear) $ 22.32 $ 22.32 $22.32
Chemical Mow Middles (2 times per year) 13.50 13.50 13.50
General Grove Work (2 labor hours per acre) 25.84 25.84 25.84
Herbicide (1/2 tree acre treated):
Application (3 applications) $25.77 $ 25.77 $25.77
Material 74.67 95.70 95.70
Total Herbicide Cost 100.44 121.47 121.47
Spray
Post Bloom: Application (150 GPA) 23.02
Material 27.37
Total Post Bloom Cost 50.39
Summer Oil #1: Application (250 GPA) 24.18 24.18 24.18
Material 45.46 61.56 61.56
Total Summer Oil #1 Cost 69.64 85.74 85.74
Summer Oil #2: Application (PTO -- 150 GPA) 23.02 23.02 23.02
Material 28.42" 28.42" 20.14
Total Summer Oil #2 Cost 51.44 51.44 43.16
Fertilizer (Bulk): 3 Applications 16.05 16.05 16.05
Material (15-2-15-2.4 MgO @ 180 lbs N per
acre and 204 lbs N per acre) 99.60 108.00 108.00
Total Fertilizer Cost 115.65 124.05 124.05
Dolomite (one ton applied every 3 years)
Material/Application 12.04 12.04 12.04
Pruning: Topping ($27.90/A 2.5 yrs)" 11.16 11.16 11.16
Hedging ($25.50/A 2 yrs)" 12.75 12.75 12.75
Chop/Mow Brush after Hedging ($8.23/A + 2 yrs)" 4.12 4.12 4.12
Total Pruning Cost 28.03 28.03 28.03
Tree Replacement 1 thru 3 years of age: (4 trees/acre)
Remove Trees: Pull, Stack & Burn 4 Trees with
Front-end Loader 18.96 18.96 18.96
Prepare Site & Plant Tree (Includes 4 reset trees) 46.08 46.08 46.08
Supplemental Fertilizer, Tree Wraps Maintenance,
Sprout, Etc. (Trees 1-3 years old) 37.40 37.40 37.40
Total Tree Replacement Cost 102.44 102.44 102.44
Irrigation: Microsprinkler S:. i-i 145.30 145.30 145.30
Clean Ditches (Weed Control) 13.05 13.05 13.05
Ditch and Canal Maintenance 14.76 14.76 14.76
Water Control (Pump water in/out of Ditches and
Canals) 11.05 11.05 11.05
Total Irrigation Cost 184.16 184.16 184.16
IRRIGATED PROCESSED FRUIT PRODUCTION COSTS $725.50 $771.03
Supplemental Post Bloom:
Application (250 GPA) 24.18 24.18
Material 40.96 40.96
Total Supplemental Post Bloom Cost 65.14 65.14
Fall Miticide Spray: Aerial Application (15 GPA) 7.55 7.55
Material 29.76 29.76
Total Fall Miticide Cost 37.31 37.31
IRRIGATED FRESH FRUIT PRODUCTION COSTS $873.48 $915.59
zThe listed estimated comparative costs are for the example gmrve situation described in the Economic Information Report Series entitled:
"Budgeting Costs and Returns for Southwest Florida Citrus Production" and may not represent your particular grove situation in Southwest
Florida.

SOURCE: Ronald P. Muraro, University of Fbrida-IFAS, Citrus Research and Education Center, Lake Alfred, FL, August 2003.










Table 14-A.-A listing of estimated comparative Southwest Florida citrus production costs per acre for grapefruit, 2002-03z
Sr nt Low Cost Processed and Reduced Typical/Historical
Costs represent a mature (10+ years old) Fehru
Processed Fresh Cost Fresh Fruit
Southwest Florida Red Grapefruit Grove. F Fu
Southwest Florida Red Grap t G Cultural Program Cultural Program Cultural Program
PRODUCTION/CULTURAL COSTS:y
Weed Management/Control:
Mechanical Mow Middles (3 times per year) $ 22.32 $ 22.32 $22.32
Chemical Mow Middles (2 times per year) 13.50 13.50 13.50
General Grove Work (2 labor hours per acre) 25.84 25.84 25.84
Herbicide (1/2 tree acre treated):
Application (3 applications) $25.77 $25.77 $25.77
Material 76.38 95.70 95.70
Total Herbicide Cost 102.15 121.47 121.47
Spray
Post Bloom: Application (150 GPA) 23.02
Material 27.37
Total Post Bloom Cost 50.39
Summer Oil #1: Application (250 GPA) 24.18 24.18 24.18
Material 40.96' 61.56 61.56
Total Summer Oil #1 Cost 65.14 85.74 85.74
Summer Oil #2: Application (PTO 150 GPA) 23.02 23.02 23.02
Material 28.42" 28.42 20.14
Total Summer Oil #2 Cost 51.44 51.44 43.16
Fertilizer (Bulk): 3 Applications 16.05 16.05 16.05
Material (12-2-12-2.4 MgO @ 180 lbs N
and 15-2-15-2.4 MgO @ 1501bs N) 99.60 83.00 83.00
Total Fertilizer Cost 115.65 99.05 99.05
Dolomite (one ton applied every 3 yars)
Material/Application 12.04 12.04 12.04
Pruning: Topping ($27.90/A + 2.5 yrs)" 11.16 11.16 11.16
Hedging ($25.50/A + 2 yrs)" 12.75 12.75 12.75
Chop/Mow Brush after Hedging ($8.23/A + 2 yrs)" 4.12 4.12 4.12
Raise Skirts of Trees ($13.00 + 2 yrs)" 6.50 6.50
Total Pruning Cost 28.03 34.53 34.53
Tree Replacement 1 thru 3 years of age: (3 trees/acre)
Remove Trees: Pull, Stack & Burn 3 Trees with
Front-end Loader 14.22 14.22 14.22
Prepare Site & Plant Tree (Includes 3 reset trees) 34.56 34.56 34.56
Supplemental Fertilizer, Tree Wraps Maintenance,
Sprout, Etc. (Trees 1-3 years old) 28.05 28.05 28.05
Total Tree Replacement Cost 76.83 76.83 76.83
Irrigation: Microsprinkler S:. i-m 145.30 145.30 145.30
Clean Ditches (Weed Control) 13.05 13.05 13.05
Ditch and Canal Maintenance 14.76 14.76 14.76
Water Control (Pump water in/out of Ditches and
Canals) 11.05 11.05 11.05
Total Irrigation Cost 184.16 184.16 184.16
IRRIGATED PROCESSED FRUIT PRODUCTION COSTS $697.10 $726.92
Supplemental Post Bloom Spray:
Application (250 GPA) 24.18 24.18
Material 40.95 40.95
Total Supplemental Post Bloom Cost 65.13 65.13
Fall Miticide Spray: Aerial Application (15 GPA) 7.55 7.55
Material 29.76 29.76
Total Fall Miticide Cost 37.31 37.31
IRRIGATED FRESH FRUIT PRODUCTION COSTS $829.36 $871.47
'The listed estimated comparative costs are forthe example grove situation described in the Economic Information Report Series entitled: "Budgeting Costs
and Returns for Southwest Florida Citrus Production" and may not represent your particular grove situation in Southwest Florida.


SOURCE: Ronald P. Muraro, University of Florida-IFAS, Citrus Research and Education Center, Lake Alfred, FL, August 2003.









Table 15-A.-Estimated average picking, roadsiding and hauling charges for Florida citrus, 2002-03

Fresh Fruit Processed Fruit

Range Average Range Average

$/Box $/Box $/Box $/Box


Picking Charges:

Early and Mid-Season Oranges

Valencia Oranges

Pink/Red Grapefruit

White/Marsh Grapefruit

Temples/Tangelos

Tangerines


Roadsiding Charges:

Early and Mid-Season Oranges

Valencia Oranges

Pink/Red Grapefruit

White/Marsh Grapefruit

Temples/Tangelos

Tangerines


0.72

0.79

0.60

0.60

0.85

1.35


0.75

0.75

0.75

0.75

0.90

1.12


-0.90

0.90

0.80

0.77

0.90

1.91

Fresh Fruit

Range

$/Box


- 1.03

- 1.08

- 0.85

- 0.81

- 0.95

- 1.21

Fresh Fruit

All Varieties

$/Box


0.814

0.835

0.692

0.668

0.883

1.600


Average

$/Box


0.882

0.910

0.792

0.778

0.927

1.177


0.75

0.76

0.55

0.50

0.85


- 0.90

- 0.90

- 0.75

- 0.75

- 0.90


0.806

0.810

0.625

0.600

0.860


Processed Fruit

Range Average

$/Box $/Box


0.70

0.70

0.75

0.75

0.76


0.96

0.96

0.77

0.77

0.90


0.838

0.851

0.758

0.758

0.850


Processed Fruit

All Varieties

$/Box


Hauling Charges:

0 30 miles

31 50 miles

51 80 miles

81 100 miles

100 + miles


0.408

0.445

0.517

0.575

0.663


0.384

0.433

0.498

0.551

0.625









Table 16-A.-Estimated average packing charges for Florida citrus, 2002-03

Domestic Export Temples/
Grapefruit Grapefruit Oranges Tangelos Tangerines

--------------------------- $/Carton --------------------------

Total Packing Chargea 3.544 3.992 3.731 4.214 4.733

---------------------------- $/Box -----------------------------

Drenching Charge 0.170 0.168 0.178 0.178 0.178

Packinghouse Elimination Charges 0.566 0.588 0.600 0.600 0.633

Hauling Charge for Eliminations 0.388 0.368 0.404 0.434 0.434

aTotal Packing Charge includes the following items:
1. Materials including mesh/plastic bags, labels/PLUs, etc.
2. Includes supervisor/foreman labor, grading, palletizing, shipping and general labor. Includes
payroll taxes (FICA), workers' compensation, ground insurance, etc.
3. Other direct packing costs include: fruit treating; power, lights and water; repair maintenance;
miscellaneous supplies; etc.
4. Indirect packing costs include such items as: insurance-fire and casualty, taxes and licenses,
depreciation and rent.
5. G&A costs include: office personnel (FICA, w/comp); packinghouse and general manager;
office supplies; telephone; etc.
6. Special assessments include such items as: advertising taxes, inspection fees, Florida Citrus
Packers; CAC.

NOTE: Packing charges represent a total of nine citrus packinghouses from both the Indian River
and Interior production regions.








Table 17-A.--Historic prices" for selected citrus varieties

Variety
Early and Late season Temple All Tangelos Seedless grapefruit"
Crop year mid'-season oranges oranges Tangerines
oranges (white) (colored)


1961-62
1962-63
1963-64
1964-65
1965-66
1966-67
1967-68
1968-69
1969-70
1970-71
1971-72
1972-73
1973-74
1974-75
1975-76
1976-77
1977-78
1978-79
1979-80
1980-81
1981-82
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
1988-89
1989-90
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02f


$1.93
2.17
4.43
2.57
1.44
0.81
1.86
1.56
1.15
1.10
1.98
1.43
1.38
1.46
1.69
1.89
3.90
4.44
3.59
3.67
4.27
4.88
5.09
7.30
3.92
4.56
6.72
6.63
6.01
5.38
5.44
3.23
3.76
3.25
3.62
3.18
2.81
4.35
3.19
2.60
2.46


$1.81
3.50
4.45
2.28
1.79
1.08
2.28
1.83
1.13
1.91
2.11
1.71
1.59
1.82
1.88
2.63
4.40
4.95
3.89
4.63
4.29
5.41
6.72
6.88
3.97
6.02
8.73
8.41
6.53
6.58
6.65
3.88
4.61
4.41
5.57
4.07
4.88
5.58
4.33
4.02
3.99


$2.17
3.09
4.45
2.77
1.80
0.88
2.79
2.22
1.47
1.91
1.95
1.95
1.64
1.68
1.79
2.16
3.92
4.89
2.89
4.21
4.01
3.99
5.34
5.59
3.01
3.60
5.69
5.46
5.64
6.31
6.51
2.99
2.73
3.47
4.44
3.22
3.07
5.12
2.55
2.05
2.28


$2.04
3.02
3.18
2.68
2.14
1.06
4.29
2.55
2.23
1.88
2.97
2.37
2.82
3.05
3.02
3.29
4.79
4.99
4.25
5.45
6.23
7.57
5.93
15.91
12.69
10.92
12.99
12.64
15.28
17.10
18.00
13.75
9.83
11.98
12.59
7.99
8.49
12.07
6.67
6.40
7.69


$3.36
4.66
4.83
4.00
2.85
1.64
3.22
2.47
1.13
1.04
1.69
1.39
1.25
1.45
1.42
1.42
3.29
3.90
2.87
3.92
3.58
4.37
4.28
7.08
4.06
3.72
5.58
6.31
5.10
6.11
7.16
3.31
2.38
2.64
3.63
2.19
1.66
4.53
2.52
1.27
2.37


$0.68
1.29
2.24
1.51
1.39
0.73
2.05
0.98
1.72
1.89
2.27
2.06
1.58
1.55
1.29
1.49
1.47
2.21
3.12
3.46
1.92
1.51
2.08
3.02
3.56
4.45
5.35
4.33
5.21
4.59
6.46
2.22
3.23
2.58
2.14
1.12
0.93
1.95
3.87
2.07
1.95


$0.86
1.81
2.54
1.82
1.64
0.94
2.48
1.15
1.92
2.15
2.69
2.53
2.12
2.59
2.23
2.04
2.09
3.13
3.80
4.22
2.80
3.20
4.05
4.84
4.98
5.80
5.93
4.71
6.30
6.85
6.87
3.11
3.38
1.66
1.77
1.91
1.50
2.65
3.36
2.28
2.17


"On-tree average price per box
charges.


(1-3/5 bushel box equivalent) for all methods of sale minus pick and haul


bNavel and Hamlin 'Parson Brown and Pineapple

Source: Florida Agricultural Statistics Service.


dValencia "Marsh (white) or pink


fPreliminary













Table 1 8-A.--Debt which can be supported per $1,000.00 annual payment capacity


Loan Interest rate paid on the loan
term
(years) 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 12.5% 13.0% 13.5% 14.0% 14.5% 15.0%

1 926 922 917 913 909 905 901 897 893 889 885 881 877 873 870
2 1,783 1,771 1,759 1,747 1,754 1,724 1,713 1,701 1,690 1,679 1,668 1,657 1,647 1,636 1,626
3 2,577 2,554 2,531 2,509 2,487 2,465 2,444 2,423 2,402 2,381 2,361 2,341 2,322 2,302 2,283
4 3,312 3,276 3,240 3,204 3,170 3,136 3,102 3,070 3,037 3,006 2,974 2,944 2,914 2,884 2,855
5 3,993 3,941 3,890 3,840 3,791 3,743 3,696 3,650 3,605 3,561 3,517 3,475 3,433 3,392 3,352
6 4,623 4,554 4,486 4,420 4,355 4,292 4,230 4,170 4,111 4,054 3,998 3,942 3,889 3,836 3,784

7 5,206 5,119 5,033 4,950 4,868 4,789 4,712 4,640 4,564 4,492 4,423 4,355 4,288 4,224 4,160
8 5,747 5,639 5,535 5,433 5,335 5,239 5,146 5,056 4,968 4,882 4,799 4,718 4,639 4,562 4,487
9 6,247 6,119 5,995 5,875 5,759 5,646 5,537 5,431 5,328 5,228 5,132 5,038 4,946 4,858 4,772
10 6,710 6,561 6,418 6,279 6,145 6,015 5,889 5,768 5,650 5,536 5,426 5,319 5,216 5,116 5,019
11 7,139 6,969 6,805 6,647 6,495 6,348 6,207 6,070 5,938 5,810 5,687 5,568 5,453 5,341 5,234
12 7,536 7,345 7,161 6,984 6,814 6,650 6,492 6,341 6,194 6,054 5,918 5,787 5,660 5,538 5,421

13 7,904 7,691 7,487 7,291 7,103 6,923 6,750 6,583 6,424 6,270 6,122 5,979 5,842 5,710 5,583
14 8,244 8,010 7,786 7,572 7,367 7,170 6,982 6,801 6,628 6,462 6,302 6,149 6,002 5,861 5,724
15 8,559 8,304 8,061 7,828 7,606 7,394 7,191 6,997a 6,811 6,633 6,462 6,299 6,142 5,992 5,847
16 8,851 8,576 8,313 8,062 7,824 7,596 7,379 7,172 6,974 6,785 6,604 6,431 6,265 6,106 5,954
17 9,122 8,825 8,543 8,276 8,022 7,779 7,549 7,329 7,119 6,920 6,729 6,547 6,373 6,207 6,048
18 9,372 9,056 8,756 8,471 8,201 7,945 7,702 7,470 7,250 7,040 6,840 6,649 6,467 6,294 6,128

19 9,603 9,268 8,950 8,650 8,365 8,095 7,839 7,596 7,366 7,146 6,938 6,739 6,551 6,370 6,198
20 9,818 9,463 9,129 8,812 8,514 8,231 7,963 7,710a 7,469 7,241 7,025 6,819 6,623 6,437 6,259
25 10,675 10,234 9,823 9,438 9,077 8,739 8,422 8,123 7,843 7,579 7,330 7,095 6,873 6,663 6,464
30 11,258 10,747 10,274 9,835 9,427 9,047 8,868 8,364 8,055 7,766 7,496 7,242 7,003 6,778 6,566
35 11,655 11,088 10,567 10,087 9,644 9,234 8,855 8,503 8,175 7,870 7,586 7,320 7,070 6,836 6,617
40 11,925 11,315 10,757 10,247 9,779 9,348 8,951 8,587 8,244 7,928 7,634 7,361 7,105 6,866 6,642


aExample. Assumes a $10,000 after tax income at 11.5% interest rate and a 15-year term mortgage, the total debt which can be supported is $69,970
($6,997 x 10). At 11.5% interest rate and a 20-year term mortgage, the total debt which can be supported is $77,100 ($7,710 x 10).