Front Cover
        Front cover
    Abstract
        Page i
    Acknowledgements
        Page i
    Table of Contents
        Page ii
    List of Tables
        Page iii
    Main
        Page 1
        Page 2
        Page 3
        Page 4
        Page 5
        Page 6
        Page 7
    Reference
        Page 8
    Addenda
        Page 9
        Page 10
        Page 11
        Page 12
        Page 13
        Page 14
        Page 15
        Page 16
        Page 17
        Page 18
        Page 19
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        Page 24
        Page 25

Ronald P. Muraro
Stephen H. Futch
John W. Hebb


Economic


Information
Report 260


Budgeting Costs and Returns: Indian
River Citrus Production, 1988-89


Central Science
Library


o0r 16 1989
University of Florida


Food & Resource Economics Department
Agricultural Experiment Stations and
Cooperative Extension Service
Institute of Food and Agricultural Sciences
University of Florida, Gainesville 32611


July 1989















ABSTRACT


Estimated costs and returns of growing white seedless grapefruit in
the Indian River area of Florida are presented for the fifteenth consec-
utive year. The format presented may be used by individual growers to
budget costs and returns, utilizing individual data on specific groves.

Key words: citrus, Indian River, budgeting, costs and returns,
seedless grapefruit.



NOTE: Indian River production area refers to the citrus producing
counties on Florida's east coast.

The budget cost items have been revised to reflect current grove
practices being used by growers--e.g., chemical mowing, different
spray materials, higher rates of fertilization, microsprinkler
irrigation, more reset trees, etc. Therefore, the revised costs
shown are higher than previously reported.

The budget costs in this report represent a custom managed
operation. Therefore, all equipment costs are based upon the
average custom rate costs and a 10 percent handling and super-
vision charge is added to the material cost.

Although the estimated annual per acre grove costs shown in Table
3 are representative for a mature Indian River white seedless
grapefruit grove, the grove care costs for a specific grove site
may differ depending upon the grove practices performed. For
example, a Temik application would add $133.24 per acre; water
control and maintenance of ditches and canals could average
$58.14 per acre; extensive tree loss due to blight or tristeza
could double, if not increase more, the tree replacement and care
costs; travel and set-up costs may vary due to size of grove and
distance from grove equipment barn.



ACKNOWLEDGEMENTS


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

Appreciation is also extended to the citrus growers and production
managers of the Indian River citrus production area who provided sugges-
tions for the revision of this manuscript.















ABSTRACT


Estimated costs and returns of growing white seedless grapefruit in
the Indian River area of Florida are presented for the fifteenth consec-
utive year. The format presented may be used by individual growers to
budget costs and returns, utilizing individual data on specific groves.

Key words: citrus, Indian River, budgeting, costs and returns,
seedless grapefruit.



NOTE: Indian River production area refers to the citrus producing
counties on Florida's east coast.

The budget cost items have been revised to reflect current grove
practices being used by growers--e.g., chemical mowing, different
spray materials, higher rates of fertilization, microsprinkler
irrigation, more reset trees, etc. Therefore, the revised costs
shown are higher than previously reported.

The budget costs in this report represent a custom managed
operation. Therefore, all equipment costs are based upon the
average custom rate costs and a 10 percent handling and super-
vision charge is added to the material cost.

Although the estimated annual per acre grove costs shown in Table
3 are representative for a mature Indian River white seedless
grapefruit grove, the grove care costs for a specific grove site
may differ depending upon the grove practices performed. For
example, a Temik application would add $133.24 per acre; water
control and maintenance of ditches and canals could average
$58.14 per acre; extensive tree loss due to blight or tristeza
could double, if not increase more, the tree replacement and care
costs; travel and set-up costs may vary due to size of grove and
distance from grove equipment barn.



ACKNOWLEDGEMENTS


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

Appreciation is also extended to the citrus growers and production
managers of the Indian River citrus production area who provided sugges-
tions for the revision of this manuscript.















TABLE OF CONTENTS


Page

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

ACKNOWLEDGEMENTS. . . .. .. . . i

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

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

METHOD OF DATA COLLECTION . . . . . 1

COSTS AND INPUTS ......... . ...... 1

THE GROVE SITUATION .... ...... . . 2

BUDGET COSTS AND RETURNS. . . . .. .. 4

HISTORICAL COST TRENDS. .. ............ . .. 6

REFERENCES. . . . .. . . 8

ADDENDA . . . . . . 9














LIST OF TABLES


Table Page

1 Schedule of production practices and budget items for an
Indian River Florida grapefruit grove, 1988-89. . 3

2 Calculation of normal production per acre, 1988-89. 4

3 Estimated annual per acre costs and returns for a mature,
white seedless grapefruit grove producing for the fresh
market, Indian River area, 1988-89. . . 5

4 Estimated annual per acre costs and returns and 5-year
average costs and returns for a mature, white seedless
grapefruit grove producing citrus for fresh fruit
packing in Indian River area, 1984-85--1988-89. . 7

5 Estimated annual per acre costs and returns and 5-year
average costs and returns (adjusted to 1989 dollars) for
a mature, white seedless grapefruit grove producing
citrus for fresh fruit packing in Indian River area,
1984-85--1988-89 . . . . . 7





























iii








BUDGETING COSTS AND RETURNS:
INDIAN RIVER CITRUS PRODUCTION, 1988-89


Ronald P. Muraro, Stephen H. Futch and John W. Hebb


INTRODUCTION


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 paper presents a budget constructed
from current data and serves as 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 opera-
tors, input suppliers, growers, and colleagues at the Citrus 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 and chemical and fertilizer surveys. The costs used in the budget
report are shown in the ADDENDA, Tables 1-A through 8-A. The custom
rate costs are shown in Table 9-A and the various chemical and
fertilizer costs are shown in Table 10-A in the ADDENDA. The budget
costs represent a custom managed operation. Therefore, all equipment
costs are based upon the average custom rate costs and a 10 percent
handling and supervision charge is added to the material cost.


RONALD P. MURARO is associate professor of food and resource
economics and extension farm management economist. He is stationed at
the Citrus Research and Education Center, Lake Alfred. STEPHEN H. FUTCH
is county extension director in Indian River County, Vero Beach. JOHN
W. HEBB is extension agent in St. Lucie County, Ft. Pierce.









Although brand names are used in many 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 an Indian River grapefruit grove are shown
in Table 1 with times during the year when they would likely be 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 helpful if an annual cash flow
analysis is developed to plan financing. The individual grower may
benefit from developing such 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 combinations accomplish production of acceptable yields
and returns. Although the example represents a white seedless grape-
fruit grove, the cost and return data is designed to be applicable to
most grove situations. A grower, realtor, or land appraiser can substi-
tute 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, microsprinkler-irrigated grove;
2. Variety is white seedless on sour orange rootstock;
3. Tree loss is 3.5 percent annually;
4. Trees are pulled and replaced when production falls
below 50 percent of expected yield;
5. Production is for fresh use;
6. Tree density is 80 trees per acre; and
7. Custom-caretaker providing grove management.













Table 1.-Schedule of production practices and budget items for an Indian River Florida grapefruit grove, 1988-89a


Month Annual
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec total


Total revenue: 20% Final
deposit payment
Less: Pick & haul cost X
DOC advertisement tax X
Adjusted revenue

Grove expenses:
Disc
Chop Chemical Chemical
Mow X X MQo Mow X
Labor, general grove
work, pull vines X X
Herbicide (1/2 grove acre
equivalent) X X X
Spray: Post bloom/nutritional X X
Summer oil/greasy spot X.
Fall miticide X
Supplemental miticide X
Dust
Fertilizer 600 N/A 600 N/A 601 N/A Dolomite
Hedging and topping Hedge
Brush removal/chop brush Chop brush
Tree removal X
Young tree care X X X X X
Microjet irrigation (times/week)1 1 2 3 3 3 2 2 2 2 1 1
Miscellaneous (clean ditches) X
Grove taxes including water management X
Interest expense X
Annual principal payment on mortgage X
Total grove expenses

Net returns (loss)

Cumulative net returns

aThis is a suggested schedule of practices. Actual practices would not necessarily be done on the exact schedule shown here.









As a result of tree losses and replacement, the tree ages will
vary. The budget reflects the following age distribution:


Situation


3.5%
3.5%
3.5%
3.5%
3.5%
38.5%
3.5%
40.5%


Boxes/tree


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


Calculation of normal production per tree is shown in Table 2.
Note that the proportion of trees by age column only adds to 89.5
percent since 10.5 percent of the trees are non-bearing.


Table 2.--Calculation of normal production per acre, 1988-89

Boxes Total
Age of Tree Trees /tree boxes

Total no. Proportion No. ea.
all ages ea. age age ----No.-----
3 years 80 x 0.035 = 2.8 x 1.0 = 2.80
4 years 80 x 0.035 = 2.8 x 1.7 = 4.76
5-15 years 80 x 0.385 = 30.8 x 4.5 = 138.60
Prod. 50% of
exp. yield 80 x 0.035 = 2.8 x 3.5 = 9.80
Over 15 years 80 x 0.405 = 32.4 x 7.0 = 226.80
Total boxes = 382.76

proportion adds up to 0.895 (89.5 percent) as 10.5 percent of the
trees were non-bearing (pulled and reset, 1 and 2 year old trees).


BUDGET COSTS AND RETURNS


The estimated budget costs and returns for the Indian River grove
situation is shown in Table 3. The budgeted costs represent one possible









Table 3.--Estimated annual per acre costs and returns for a mature, white seedless grapefruit grove producing for the fresh market,
Indian River area, 1988-89a

Item Description Amount Your cost

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

I. Revenue 383 boxes 0 4.91b 1,880.53
II. Expenses0
Weed control
How middles 3 times per year 26.94
Chemical mow (2 times; Table 2-A, Program #6) 23.60
General grove work/sprouting (2 labor hours per acre) 16.86
Herbicide (Table 2-A, Programs 01 & 05) 117.10 184.50
Spray program (Table I-A, Programs #1, .#, 09, #13 t& f11) 270.34
Fertilizer (Table 3-A, Program #1) 148.89
Dolomite (Table 7-A, Program #1) 11.67
Pruning (maintenance)
Topping ($325.00/hr. 4 8.0 A/hr.) 3 yrs. 13.54
Remove brush from trees ($13.03/A 4 3 yrs.) 4.34
Hedging ($185.00/hr. 4 8.0 A/hr.) 2 yrs. 11.56
Removing/chop brush 12.98 42.42
Tree replacement and care (1 through 3 years)
Remove trees 3.0 trees per acre 14.43
Prepare sites and plant resets Including 3.0 trees per acre 33.76
Ridomil 2.70
Fertilizer Including application 24.88 75.77
Microsprinkler irrigation (Table 8-A, Program #3) 102.28
Clean ditches (weed control) 8.14
Total grove care expenses 8*4.01
III. Management 5% of gross sales 91.03
IV. Total specified costs 938.04
V. Return to land, trees, and ownership 942.49
VI. Break-even price for total specified costs.
Boxes per acre Boxes per acre

325 375 425 475 525 325 375 425 475 525

$ On-tree price per box $ Delivered-ln price per pound solids for eliminations
2.84 2.50 2.23 2.02 1.85 1.16 1.08 1.03 0.98 0.94


aAlthough the estimated annual per acre grove costs shown in Table 3 are representative for a mature Indian River white seedless
grapefruit grove, the grove care costs for a specific grove site may differ depending upon the grove practices performed; e.g., a Temik
application would add $133.24 per acre; water control and maintenance of ditches and canals could average $58.14 per acre; extensive
tree loss due to blight or tristeza would double the tree replacement and care costs; travel and set-up costs may vary due to size of
grove and distance from grove equipment barn; etc. Also, truck watering of resets could add another $8.13 per acre (average 5
waterings).
bOn-tree price per box is preliminary; assumes average of all methods of sale (fresh and processed). Price assumes 75% of fruit
harvested packed fresh.
CAssumes material custom applied; therefore, a 10 percent handling and supervision charge is added to material cost.
dOther methods to estimate a management cost--e.g., $2.50 to $5.00 per acre per month or t10 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.
eOther 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 4.5 pound solids per box, $1.55 pick and haul cost per box, $0.45 per box handling through packinghouse, and $0.40 per
box delivery to processing plant.


_









citrus production program and were selected from the costs shown in the
ADDENDA tables. The gross revenue estimates are based on the projected
yields in Table 3 and estimated preliminary on-tree prices for the
1988-89 season. Historical on-tree prices for selected Florida citrus
varieties are shown in Table 11-A of the Addenda.
As shown in Table 3, the total revenue for fresh market white
seedless grapefruit is estimated to be $1,880.53 per acre. Total
specified costs are $938.04 and are comprised of grove care costs of
$844.01 plus management cost of $94.03. Return to land, trees, and
ownership is $942.49 and represents net return above fixed costs. The
break-even price for seedless white grapefruit ranged from $2.84 to $1.85
per box on-tree and $1.16 to $0.94 per pound solids for eliminations at
325 and 525 boxes per acre, respectively.
In addition to the management cost, 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 percent of the
total grove care costs. These costs vary from grove to grove depending
on age, location, and time of purchase or establishment. However, as a
guideline, ad valorem taxes in the Indian River citrus area average $40
to $50 per acre. These costs should be considered in arriving at a net
return to land, trees, and ownership (total return minus costs). Also,
average annual debt payment (principal and interest) may be as high as
$600 per acre ($4,500 average debt per acre @ 12 percent interest over 20
years) which would reduce total available cash for grove expansion or
other investment.

HISTORICAL COST TRENDS

Annual budgets of costs and returns for mature, fresh, white
seedless grapefruit in the Indian River area have been developed and
published the past four years. Estimated cost and return histories for
1984-85 through 1987-88 along with 1988-89, and a five-year average are
presented in Table 4. The affects of recent freezes on Florida's annual
grapefruit supply has resulted in a fluctuating on-tree price per box.
However, even with increasing operating costs, annual net return to land
and trees has increased over the five-year period. To allow comparisons
in current values, these same costs and returns, adjusted to 1989
dollars, are presented in Table 5.







Table 4.--Estimated annual per acre costs and returns and 5-year average
costs and returns for a mature, white seedless grapefruit
grove producing citrus for fresh fruit packing in Indian River
area, 1984-85--1988-89

On-tree Total Net return to
price Gross specified land, trees,
a c
Year /box Yield revenue costs and ownership

----------------Dollars--------------
1984-85 $3.02 383 1,156.66 738.37 418.29
1985-86 3.66 383 1,401.78 784.98 616.80
1986-87 4.40 383 1,700.52 834.42 866.10
1987-88 5.56 383 2,129.48 888.24 1,241.24
1988-89 4.91 383 1,880.53 938.04 942.49

5-yr. avg. 4.31 383 1,650.73 836.81 813.92

an-tree prices for all sales methods as reported by the Florida
Agricultural Statistics Service (Table 11-A in the Addenda).

Preliminary estimate by author at time of printing and is not a
published price.

Fixed costs such as taxes, debt service, and crop insurance are
not included. A management cost of 5% of gross revenue is included.


Table 5.--Estimated annual per acre costs and returns and 5-year average
costs and returns (adjusted to 1989 dollars) for a mature,
white seedless grapefruit grove producing citrus for fresh
fruit packing in Indian River area, 1984-85--1988-89

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

--------------Dollars------------
1984-85 115.5 $3.49 383 1,336.67 852.82 483.85
1985-86 113.3 4.15 383 1,589.45 889.38 700.07
1986-87 109.3 4.81 383 1,842.23 912.02 930.21
1987-88 105.0 5.84 383 2,236.72 932.65 1,304.07
1988-89 100.0 4.91 383 1,880.53 938.04 942.49

5-yr. avg. 4.64 383 1,777.12 904.98 872.14

Consumer price index for each year adjusted to 1989 prices (1989
100), with 1989 consumer price index estimated to be 372.0. Consumer
price index for other years are: 1985 = 322.2; 1986 = 328.4; 1987
340.4 and 1988 = 354.3.






8



REFERENCES


1. Citrus Summary 1987-88. Florida Agricultural Statistics Service.
Florida Agricultural Statistics. Jan. 1989.

2. Florida Citrus Spray Guide 1989. Univ. of Fla. Coop. Ext. Svc. Cir.
393-0. Gainesville: Jan. 1989.

3. Koo, R. C. J., editor. Recommended Fertilizers and Nutritional
Sprays for Citrus. Univ. of Fla. Agr. Exp. Sta. Bull. 536D.
Gainesville: March 1984.

4. Muraro, Ronald P. "Comparative Indian River Citrus Budgets." Lake
Alfred Citrus Research and Education Center (CREC) Report. Lake
Alfred, FL: Apr. 1989.

5. "Cost for Establishing, Planting, and Maintaining a Citrus
Grove through Four Years of Age." Lake Alfred CREC Report. Lake
Alfred, FL: Nov. 1985.

6. "Cost of Planting and Maintaining Reset Citrus Trees
through Four Years." Lake Alfred CREC Report. Lake Alfred, FL:
Aug. 1985.

7. "Summary Custom Rate Survey for Twenty-two Indian PVr"
Citrus Caretakers." Lake Alfred CREC Report. Lake Alfred, FL~
Apr. 1989.

8. "Using Mortgage Repayment Capacity to Determine the Maximum
Price to Pay for a Citrus Grove," The Citrus Industry Magazine,
September 1985, Volume 66, No. 9, pp. 15, 17.

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








ADDENDA: Listing of Grove Care Programs for Indian River Citrus
Production for Both Round Oranges and Grapefruit


Page


Table 1-A.


Spray programs. . . . . .


Post bloom spray .
Summer spray . .
Fall spray . .


Table 2-A.

Table 3-A.

Table 4-A.

Table 5-A.

Table 6-A.

Table 7-A.

Table 8-A.


Herbicide . . . . . .

Dry fertilizer . . . . .

Liquid fertilizer . . . . .

Fertigation . . . . . .

Nematicides . . . . . .

Soil amendment . . . . .

Irrigation--annual cost per acre . . .


Drip . . .
Microsprinkler . .
Flood ... . .
Volume gun (traveling). .
Drainage ditch annual costs


Table 9-A.


Table 10-A.


Table 11-A.

Table 12-A.


A listing of 1989 custom rates reported by twenty-two
Indian River and South Florida citrus caretakers. .

Summary of average chemical and fertilizer price
estimates, 1989 . . . . .

Historic prices for selected citrus varieties .

Debt which can be supported per $1,000.00 annual
payment capacity . . . .


Cu = Copper
Fe = Iron
Mg = Magnesium


Mn = Manganese
Zn = Zinc


aThe costs in the ADDENDA represent a custom managed operation.
Therefore, all equipment costs are based upon the average custom rate
costs and a 10 percent handling and supervision charge is added to the
material cost.


I I j


f 1 ~











Table 1-A.--Spray programs


POST BLOOM SPRAY


Materials/ Amount/
Spray Program #1 Ingredients Acre Cost/Acre

Ethion 5 pts $17.77
Cu 7 lbs 8.93
Zn 15 lbs 14.85
Mn 15 lbs 4.79
Adjuvant (Surfactant) 1 pt 2.32
Ground Application 500 gals 34.04

Total per Application $82.70


Materials/


Spray Progr


Spray Progr


Amount/


am #2 Ingredients Acre Cost/Acre

Cu 7 lbs $ 8.93
Zn, Mn, Nitrates 1 pt 0.94
Kelthane 2.5 pts 13.31
Ground Application 125 gals 19.73

Total per Application $42.91



Materials/ Amount/
am #3 Ingredients Acre Cost/Acre

Dicofol 5 pts $26.07
Cu 10 lbs 12.76
Adjuvant (Surfactant) 0.5 pt 1.16
Ground Application 250 gals 24.23


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Total per Application


$64.22









Table 1-A.--POST BLOOM SPRAY (cont'd.)

Materials/


Spray Program #4


Ingredients


Dicofol


Amount/
Acre Cost/Acre


5 pts


$26.07


Zn, Mn, Fe Nitrates 1 pt 0.98
Cu 7 lbs 8.93
Adjuvant (Surfactant) 1 pt 2.32
Ground Application 500 gals 34.04

Total per Application $72.34

-----------------------------------------------------------
Materials/ Amount/
Spray Program #5 Ingredients Acre Cost/Acre

Vendex 4L 1.25 lbs $22.69
Adjuvant (Surfactant) 1 pt 2.32
Ground Application 500 gals 34.04

Total per Application $59.05

-----------------------------------------------------------
Materials/ Amount/
Spray Program #6 Ingredients Acre Cost/Acre

Lorsban 5 pts $23.76
Cu 10 lbs 12.76
Adjuvant (Surfactant) 1 pt 2.32
Ground Application 500 gals 34.04

Total per Application $72.88


SUMMER SPRAY

Spray Program #7


Materials/
Ingredients

Oil
Cu
Ethion
Ground Application


Amount/
Acre

5 gals
3.75 lbs
6 pts
250 gals


Total per Application


Cost/Acre

$ 9.13
4.47
21.00
24.23

$58.83


Your
Cost/Acre











Your
Cost/Acre









Your
Cost/Acre











Your
Cost/Acre










Table 1-A.--SUMMER SPRAY


(cont'd.)
Materials/


Amount/


Spray Program #8 Ingredients Acre Cost/Acre

Oil 2.5 qts $ 4.57
Vendex 2 lbs 36.30
Cu 4 lbs 5.10
Ground Application 250 gals 24.23

Total per Application $70.20
-------------------------------------------------------------
Materials/ Amount/
Spray Program #9 Ingredients Acre Cost/Acre

Ethion 6 pts $21.32
Cu 4 Ibs 5.10
Oil 5 gals 9.13
Ground Application 500 gals 34.04

Total per Application $69.59


Table 1-A.--FALL SPRAY
Materials/ Amount/
Spray Program #10 Ingredients Acre Cost/Acre

Kelthane 6 pts $31.94
Adjuvant (Surfactant) 1 pt 2.32
Ground Application 250 gals 24.23

Total per Application $59.49

-------------------------------------------------------------
Materials/ Amount/
Spray Program #11 Ingredients Acre Cost/Acre

Vendex 2 lbs $36.30
Sulfur 25 lbs 4.59
Adjuvant (Surfactant) 0.5 pt 1.16
Ground Application 250 gals 24.23

Total per Application $66.28

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


Your
Cost/Acre









Your
Cost/Acre












Your
Cost/Acre









Your
Cost/Acre









Table 1-A.--FALL SPRAY (cont'd.)

Materials/ Amount/
Spray Program #12 Ingredients Acre Cost/Acre

Kelthane 6 pts $31.94
Adjuvant (Surfactant) 1 pt 2.32
Aerial Application 15 gals 5.75

Total per Application $40.01


Materials/ Amount/
Spray Program #13 Ingredients Acre Cost/Acre

Sulfur (Dust) 60 lbs $11.02
Aerial Application 6.00

Total per Application $17.02


Materials/ Amount/
Spray Program #14 Ingredients Acre Cost/Acre

Vendex 4L 1.25 lbs $22.69
Aerial Application 6.00

Total per Application $28.69


Your
Cost/Acre









Your
Cost/Acre








Your
Cost/Acre











Table 2-A.--Herbicide


Herbicide Program #1


(Strip/band)


Materials/
Ingredients

Krovar II
Gramoxone


Amount/
Acre

6 lbs
1.5 pts


Cost/Acre


Your
Cost/Acre


$56.70
7.89


Ground Application
(2 times) 80 gals 20.66
Total for 2 Applications $85.25

Materials/ Amount/
Herbicide Program #2 Ingredients Acre Cost/Acre


(Strip/band)


Krovar II
Gramozone


6 lbs
5 pts


Your
Cost/Acre


$56.70
26.30


Ground Application
(2 times) 80 gals 20.34
Total for 2 Applications $103.34
"---- - -- - -- - -- -------"- ""---"-----
Materials/ Amount/
Herbicide Program #3 Ingredients Acre Cost/Acre


(Strip/band)


Solicam
Simazine


8 lbs
4 Ibs


Your
Cost/Acre


$106.92
9.90


Ground Application
(2 times) 80 gals 20.66
Total for 2 Applications $137.48

Materials/ Amount/
Herbicide Program #4 Ingredients Acre Cost/Acre


Your
Cost/Acre


(Strip/band)


Round-up
Adjuvant (Surfactant)


Ground Application
(1 time) 20 gals 10.33
Total for 1 Application $46.40

Materials/ Amount/
Herbicide Program #5 Ingredients Acre Cost/Acre


(Strip/band)


Krovar II
Round-up
Adjuvant (Surfactant)


6 lbs
1 qt
1 qt


$ 56.70
7.89
4.64


Ground Application
(3 times) 120 gals 30.99
Total for 3 Applications $100.22


2 qts
1 pt


$33.75
2.32


Your
Cost/Acre









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


Herbicide Program #6


(Strip/band)


Herbicide P


Materials/
Ingredients


Round-up
Princep
Adjuvant (Surfactant)
Ground Application


Amount/
Acre


1 qt
4 lbs
1 qt


Cost/Acre


Your
Cost/Acre


$16.88
11.97
4.64


(1 time) 50 gals 10.33
Total for 1 Application $43.82

Materials/ Amount/
programm #7 Ingredients Acre Cost/Acre


(Strip/band)


Round-up
Adjuvant (Surfactant)


1 qt
1 qt


Your
Cost/Acre


$16.88
4.64


Ground Application
(1 time) 10.33
Total for 1 Application $31.85


Herbicide Program #8


(Chemical mow)


Materials/
Ingredients


Round-up
Adjuvant (Surfactant)


Amount/
Acre

0.5 pt
0.25 pt


Cost/Acre


Your
Cost/Acre


$ 4.22
0.58


Ground Application
(1 time) 7.00
Total for 1 Application $11.80

Materials/ Amount/
Herbicide Program #9 Ingredients Acre Cost/Acre


Your
Cost/Acre


(Chemical mow)


Round-up
Adjuvant (Surfactant)


Ground Application
(1 time)
Total for 1 Application


Table 3-A.--Dry fertilizer


Program #1


Analysis/Material
Applied

12-2-15-2.4 MgO

Application


0.75 pt
0.25 pt


Amount/
Acre

1500 lbs

3 times


Total for 3 Applications


$ 6.33
0.58

7.00
$13.91


Your
Cost/Acre


Cost/Acre

$131.49

17.40

$148.89











Table 3-A.--Dry fertilizer (cont'd.)
Analysis/Material
Program #2 Applied

17-4-17-2.4 MgO


Program #3








Program #4








Program #5


Program #6

(Young 1
Solj


Program #7

(Young Tr
Soli


Application 2 times 11.60
Total for 2 Applications $132.88
--------------------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre

15-4-15-2.4 MgO 1500 Ibs $133.07
Application 3 times 17.40
Total for 3 Applications $150.47
----------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre

16-4-16-3 MgO 1500 Ibs $141.87
Application 3 times 17.40
Total for 3 Applications $159.27
----------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre

17-0-17-3 MgO 1600 lbs $155.48
Application 3 times 17.40
Total for 3 Applications $173.68
----------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre

rrees-- 8-4-8-.25 Cu-.25 Mn 475 Ibs $43.50
id Set)


Application 1 time 3.93

Total for 1 Application $47.43

Analysis/Material Amount/
Applied Acre Cost/Acre

'ees-- 8-4-8-.25 Cu-.25 Mn 302 lbs $27.66
d Set)


Application


1 time


Total for 1 Application


3.93

$31.59


Amount/
Acre

1200 lbs


Cost/Acre


Your
Cost/Acre


$121.28


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre








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


Program #1








Program #2








Program #3


Analysis/Material Amount/
Applied Acre Cost/Acre
12-0-12 1500 lbs $107.25
Double Boom Application 3 times 33.00
Total for 3 Applications $140.25
-----------------------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre
12-4-12 1500 lbs $122.65
Double Boom Application 3 times 33.00
Total for 3 Applications $155.65
--------------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre
12-0-12 1500 Ibs $104.25
Krovar II 6 lbs 56.70
Double Boom Application 3 times 33.00
Total for 3 Applications $193.95


Table 5-A.--Fertigation


Program #1
(Supplement






Program #2

(Supplement






Program #3
(Exclusive)


Analysis/Material


Amount/


Applied Acre Cost/Acre
al) 10-0-10 400 lbs $24.10
Application 3.67
Total $27.77
------------------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre
al) 8-4-8 750 Ibs $49.07
Application 4.62
Total per Application $53.69
--------------------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre
8-0-8 2000 lbs $118R14


Application
Total per Application


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


12.90
$131.04










Table 6-A.--Nematicides


Program #1










Program #2










Program #3


Analysis/Material Amount/
Applied Acre Cost/Acre

Temik 15 G 33 Ibs $121.24

Application 1 time 12.00

Total per Application $133.24

--------------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre

Nemacur 15 G 67 lbs $209.31

Application 1 time 12.00

Total per Application $221.31

--------------------------------------------
Analysis/Material Amount/
Applied Acre Cost/Acre

Nemacur 15 G 50 lbs $156.20

Application 1 time 12.00

Total per Application $168.20


Table 7-A.--Soil amendment

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

(Every 3 years) Dolomite (Delivered) 1 ton $29.00
Application 1 time 6.00

Total per Application $35.00
(Average 1/3 Ton Applied/Yr) $11.67

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

(Every year) Dolomite (Delivered) 1000 lbs $14.50
Application 1 time 6.00

Total per Application $20.50


Your
Cost/Acre









Your
Cost/Acre









Your
Cost/Acre


Your
Cost/Acre










Your
Cost/Acre





19



Table 8-A.--Irrigation--annual cost per acre


DRIP

Your Your
Program #1 Cost/Acre Program #2 Cost/Acre

Operating $50.75 $34.51
(Electric) (Diesel)

Maintenance of System 32.65 37.55

Total Cost $83.40 $72.06

--------------------------------------------------------------------------
MICROSPRINKLER

Your Your
Program #3 Cost/Acre Program #4 Cost/Acre

Operating $ 63.45 $43.14
(Electric) (Diesel)

Maintenance of System 38.83 44.66

Total Cost $102.28 $87.80

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

FLOOD VOLUME GUN (TRAVELING)

Your Your
Program #5 Cost/Acre Program #6 Cost/Acre

Operating $82.64 $189.98
(Diesel)

Maintenance of System 5.91 16.11

Total Cost $88.55 $206.09

------------------------------------------------------------
DRAINAGE DITCH ANNUAL COSTS

Your
Program #7 Cost/Acre

Ditches/Canals Maintenance $25.21
Weed Control in Ditches/Canals 8.14
Water Control: In/Out of Ditches and Canals 32.93

Total $66.28








rates reported by twenty-two Indian River and South Florida citrus caretaKers


Unit


Range of Rate Average
Reported Ratey


CULTIVATION AND EQUIPMENT:

Hand Hoe/Hand Labor
Rotovate
Disc 7'
Disc 10'
Mow:
5-7'
9-10'
15-15'
V-Mower
Sickle Mower
Herbicidez (Strip/Band--
Single Boom)
Herbicidez (Strip/Band--
Single Boom)
Herbicide (Strip/Band--
Double Boom)
Herbicidez (Trunk-to-Trunk)
Herbicidez (Chemical Mow)
Herbicide (Chemical Mow)
Temik/Nemacurz
Plow
Backhoe
Vine Puller
Truck with Driver
Truck with Driver
Tractor with Driver
Power Saw with Operator
Power Saw w/out Operator
Bush Hog
Middle Buster
Mound Builder
Grader Blade--$15.00/hour (i


SPRAYING:z

Hand Sprayer
Boom Sprayer
Boom Sprayer
Dilute, 500 gal. tank
2X, 500 gal. tank
3X, 500 gal. tank
4X, 530 gal. tank
6X, 500 gal. tank
Aerial
Aerial
Aerial

DUSTING:z

Aerial Application

FERTILIZING:z

Liquid Boom Application:
Single Boom--Nitrogen
Double Boom:
Mix Fertilizer
Mix Fertilizer
and Herbicide
Dry (Bulk)
Dry (Bulk)
Dry (Bulk)
Lime or Dolomite
Lime or Dolomite
Fertilize Young Trees:z
Hand Spread
Fert. Spreader
Inject Liquid Fertilizer
into Irrigation System;
Aerial

IRRIGATION:

Water Furrow Disc
Water Furrow Cleaner
Water Furrow Shaper
Rotary Ditcher or Auger
Water Trencher
Water Truck
Ring Young Trees:
Hand Labor
Mechanical
10"-'2" Portable Pump
3-Wheeler for Microjet
1-Wheeler for Microjet


Hour $ 6.75-S 10.00
Hour 22.00- 35.00
Hour 19.50- 25.25
Hour 20.00- 31.00


20.50-
22.00-
25.00-
22.00-
23.00-


25.25
29.50
31.00
31.00
28.50


$ 8.44
26.99
23.16
23.67

22.77
25.17
27.97
25.97
25.50


Plus transportation; One reporting base wage rate plus 35i

One reporting $8.00/acre



One reporting $7.00/acre (one way)
Average $6.50/acre (one way)


Hour 23.00- 28.50 26.63 Plus materials


Acre

Acre
Acre
Hour
Acre
Acre
Hour
Hour
Hour
Hour
Hour
Hour
Hour
Hour
Hour
Hour
Hour
equipment


Hour
Hour
Tank
Tank
Tank
Tank
Tank
Tank
Fixed
Fixed
Fixed


8.00- 14.00 10.33 Plus materials


10.00- 12.00 10.67
9.00- 12.00 10.33
23.00- 28.00 24.50
5.00- 10.00 7.00
10.00- 14.00 12.00
18.00- 25.00 21.50
30.00- 38.00 33.91
18.00- 21.85 19.93
13.00- 15.00 14.00
18.00- 30.65 22.22
18.00- 25.00 20.87
14.00- 22.90 15.88
5.00- 7.50 6.38
24.85
19.00- 22.00 20.67
22.00- 28.00 23.87
only); AW 100 Grader--$42.00/hour



$ 31.00-$ 38.00 $ 33.58
38.00- 40.50 39.25
28.50
18.00- 27.50 22.00
30.00- 43.50 34.04
38.00- 55.00 44.82
56.00- 60.00 58.00
70.00- 76.00 73.00
Wing: $3.00/acre Helicopter:
Wing: $4.00/acre Helicopter:
Wing: $5.75/acre


Plus materials
Plus materials
Plus materials
Plus materials
Plus materials



Pick-up truck
One reporting Dump Truck with driver--$25.00/hour
One reporting 4-WD tractor w/driver--$23.85'hou-



With tractor and driver
With tractor and driver
(driver and equipment)



Includes one worker
Includes one worker

One reporting $33.00/hour
Average $52.50/hour
PTO Air-driven Sprayer--$40/hour; One reporting $21.5:'a=-

One reporting $16.50/acre
$9.25/acre @ 5 gallons per acre
$12.50/acre @ 10 gallons per acre
@ 15 gallons per acre (160. acres'


10.Ot 60 lbs. per acre


Acre

Acre


25.85- 37.00
5.00- 7.00
13.50- 15.00
5.00- 6.50
25.85- 35.00


$ 10.00

11.00


12.00
32.62
5.80
14.25
6.00
30.43


One reporting $34.1B/ton for material and application


Hour 6.75- 10.00 8.44 Plus transportation; One reporting $51.00/hr w.t:h Inl:Zc-
Hour 18.60- 27.50 23.49 Plus materials \tractor, trailer, andJ --

One reporting $30.00/hour for tractor, driver, and fertilizer tank; One reporting $16.00 per in/e:ctil
Lb 4.0O


$ 20.00-$ 31.00 $ 24.14
21.00- 26.25 23.68
35.00- 50.00 45.00
22.00- 25.00 23.50
30.00
20.00- 25.25 22.28

6.75- 10.00 8.44
35.00
18.00- 22.85 20.07
13.00- 15.00 14.25
13.00- 16.00 14.42


Equipment only


Plus transportation

Includes pump rate and set-up charge


(OVER)


Grove Practice


Comments


_ ~___


__ L~


Table 9-A.-A listing of 1989 custom










Table 9-A.--A listing of 1989 custom rates reported by twenty-two Indian River and South Florida citrus caretakers 'cont'd.,


Unit


Range of Rate Average
Reported Rate


START AND SUPERVISE:

Microsprinkler System Hour
Drip System One r
Microsprinkler Maintenance $2.5C

REMOVING TREES:

Front End Loader Hour
Tree Shearing (Cutting Tree
at Ground Level) Hour
Bulldozer D-3--

PRUNING:

General Pruning (Per Man) Hour
Hedging:
Single Side (Tractor Pulled) Hour
Single Side (Tractor Mounted) Hour
Double Side (Tractor Pulled) Hour
Double Side (Self
Propelled) Hour
Double Side (Self
Propelled) Hour
Topping:
Tractor Pulled Hour
Single Boom (Self
Propelled) Hour
Single Boom (Self
Propelled) Hour
Double Boom (Self
Propelled) Hour
Limb Lifter/Tree Skirt
Trimmer Hour
Removing Brush:
Haul out of Grove Hour
Chop Brush Hour
Mow Brush Hour

COLD PROTECTION (YOUNG TREES):

Hand Labor Hour
Hand Labor (Bank or Tree Wrap) Hour
Hand Labor (Bank or Tree Wrap) Per T
Tree Wraps Per W
Tree Wraps (Material) Per W

OTHER CUSTOM RATES:

Plant Trees (Solid-Set) Each
Plant Trees (Resets) Each
Skilled Labor Hour
Mechanic Labor Hour
Mechanic Labor Hour
Irrigation Manager Hour
Grove Management Charge Acre
Per Month Acre
One reporting 15t/box for handling a
Irrigation Management/
Maintenance Per Month Acre
Consulting $75 p

Other Charge Reported 105-1


$ 15.00-$ 16.50 $ 15.70 Truck and driver
reporting $35.00/hour; $9.00/acre
/acre/month plus parts; with spinners or blackbase--$3.00/acre/month plus parts


$ 39.35-$ 45.00


.$35.00/hour; D-6 for


$ 6.75-$ 10.00


$ 43.27 Average range 5 to 20 trees per hour

50.00 Average range 5 to 30 trees per hour
land clearing-$65.00/hour



$ 8.44 Plus transportation


65.00
65.00
85.00- 87.50 86.43

180.00- 190.00 185.00

260.00- 275.00 267.50

85.00- 87.85 86.43

190.00

325.00

130.00

40.00- 50.00 45.00

22.00
22.85- 30.00 27.62
32.50


S 6.75-S 10.00

ree
'rap 25.09- 30.0
'rap 2.20- 2.40



$ 1.00-$ 1.50
1.45- 2.30
14.00- 15.40
14.00- 20.00
25.00- 40.00

1.50- 3.25
4.00- 6.00


$ 8.44
43.00
90.01
27.5t
2.30


1.25
1.85
14.88
16.40


4 to 8 acres/hour; equipment only
3 to 5 acres/hour
4 to 15 acres/hour

8 to 20 acres/hour depending on wood size

10 to 24 acres/hour depending on wood size

1 to 4 acres/hour depending on wood size

Average 8 to 10 acres/hour

4 to 10 acres/hour depending on wood size

2 to 10 acres/hour depending on wood size










Plus transportation and materials
Tractor, trailer plus two workers

For solid-set plantings plus cost of tree wrap
Material charge for tree wrap




Varies as to density


31.70 Labor and service truck
16.00
2.50 In addition to caretaking charges; supervising grave care
5.00 Supervising grove care operations and operationsr


nd marketing fruit; Average 51 of net for handling and marketing

2.50
er hour

55 supervision charge for all materials and outside contracting


fruit \marketing of fruit


Total Acreage Provided
Grove Service to: Acre 300- 3,500 1,928 Total acres reporting: 28,916


ZPlus materials. Caretakers reporting rates include labor, tractor and sprayer; supply truck included by most caretakers.

Calculated by dividing the total number of caretakers reporting a grove practice rate into the sun of the rates reported.


Source: Ronald P. Muraro, Extension Farm Management Economist, Lake Alfred CREC, April 1989.


Grove Practice


Comments











Table 10-A.--Summary of average chemical and fertilizer price estimates


Range of Price Average
Item Unit Reported Price


Fungicides: Aliette 80WP lb. $ 11.40-$ 11.98 $ 11.67
Benlate lb. 13.50- 14.25 13.90
Copper lb. 1.06- 1.25 1.16
Kocide 101 lb. 1.81- 1.90 1.84
Oil (Soluble) 435 gal. 1.43- 1.80 1.62
Oil (Soluble) 455 gal. 1.60- 1.80 1.70
Ridomil 2E gal. 141.90- 130.00 131.98
Ridomil 50 lb. 3.50- 3.65 3.54
Insecticides/Nematicides:
Carzol lb. 24.00- 25.90 25.43
Chlorobenzilate gal. 35.00- 35.50 35.25
Comite gal. 58.00
Cygon gal. 29.27- 36.00 33.58
Diazinon gal. 22.75- 27.00 24.18
Dicofol 4MF gal. 36.91- 38.50 37.88
Ethion gal. 25.30- 27.20 25.84
Guthion 2L gal. 24.00- 25.00 24.50
Kelthane MF gal. 38.50- 39.70 38.74
Lorsban 4EC gal. 33.50- 36.70 34.58
Lorsban 150 lb. 1.60- 1.65 1.61
Malathion gal. 14.15- 16.00 15.08
Metasystox-R gal. 32.00- 36.65 34.22
Methyl Bromide 98/2 lb. 0.82
Morestan 25WP lb. -- 10.50
Nemacur 3EC gal. 52.89
Nemacur 15G lb. 2.81- 2.92 2.84
Sevin 80S lb. 3.10- 3.70 3.40
Sulphur 6F gal. 3.60
Sulphur Dust ton 300.00- 380.00 333.33
Supracide gal. 35.55- 36.40 36.15
Temik 15G lb. 3.25- 3.58 3.34
Vapam gal. 6.50- 6.65 6.61
Vendex 50W lb. 16.50
Vendex 4L gal. 131.80- 144.98 134.00
Vorlex gal. 17.50
Vorlex 201 gal. 17.10
Zineb lb. 2.85- 2.90 2.88
Herbicides: DeVine gal. 63.50- 65.00 64.00
Direx gal. 18.00- 19.35 18.34
Fusilade 2000 gal. 88.00- 99.70 90.34
Gramoxone (Paraquat) gal. 37.00- 41.53 38.27
Hyvar L gal. 44.10- 45.71 44.55
Hyvar X lb. 11.10- 11.50 11.18
Karmex lb. 3.60- 3.95 3.86
Krovar I lb. 7.10- 7.81 7.22
Krovar II lb. 8.45- 9.30 8.59
Princep (Caliber 90) lb. 2.60- 2.86 2.72
Princep 4L gal. 11.60- 12.65 12.01
Round-up gal. 55.43- 64.50 61.32
Simazine 90 DF lb. 2.85
Simazine 80W lb. 2.25
Simazine 4L gal. 11.00- 12.60 11.70
Solicam lb. 11.95- 13.15 12.15
Treflan gal. 31.50- 36.67 33.39
Other Spray Materials:
Borates lb. 0.51- 0.58 0.55
Manganese lb. 0.26- 0.33 0.29
Adjuvant (Surfactant) gal. 14.95- 20.00 16.86
Zinc lb. 0.72- 1.05 0.90


(over)










Table 10-A.-Summary of average chemical and fertilizer price estimates (cont'd.)


Range of Price Average
Item Unit Reported Price


FERTILIZER (FOB Price Plant)

Dry Mix

16-0-16
16-0-16-4Mg0
12-2-15-2.4 g0
8-8-8
8-8-8 w/minors
8-2-8
8-2-8-2 w/minors
6-6-6 w/minors


Liquid Mix

6-0-12
8-0-8
8-2-8
8-4-8
9-3-9
9-4-9
10-0-10
10-2-10
12-0-6
12-3-6


Slow Release (Young Tree)

6-6-6 w/minors (25% Organic)
IBDU
8-4-8
10-3-7
Osmocote
17-6-9 plus minors
On Scott
9-5-8 (sulfur coated
potash and urea)

Other Fertilizer Materials

Ammonium Nitrate (211 Liquid)
Ammonium Nitrate (Dry)
Ammonium Sulfate
Calcium Nitrate
Dolomite (at mine)
High Cal Lime (at mine)
Muriate of Potash
Super Phosphate
Triple Superphosphate

Average Delivery Cost


$125.80-$191.00
143.80- 206.00
131.75- 194.00
104.95- 165.00
117.00- 188.00
90.00- 170.00
110.70- 180.00
103.10- 180.00


85.80-


105.90-



97.10-
107.20-
94.90-
109.90-


129.00


132.00



122.00
130.00
142.00
148.00


160.00- 190.00
83.42- 160.00
161.62- 210.00
8.95- 13.05
8.00- 8.20
155.00- 205.00
125.00- 190.00
160.00- 235.00

6.00- 12.00


SOURCE: Ronald P. Muraro, Extension Farm
Florida, April 1989.


Management Economist, CREC, Lake Alfred,


$149.38
165.35
159.38
127.78
142.17
120.80
136.17
138.13



88.10
107.40
95.80
118.95
106.50
111.50
109.55
117.68
118.45
128.95



147.45


272.00
391.00


2,000.00


500.00



105.00
173.69
112.25
179.09
10.99
8.07
165.05
145.00
182.15







Table 11-A.-Historic pricesa for selected citrus varieties

Variety

Crop Earlyb and mid-c Late season Temple Tan- Tan- Seedy e Seedless grapefruit
year season oranges oranges oranges gerines gelos grapefruit (white) (pink)

1958-59 $2.65 $3.12 $2.87 $1.62 $3.55 $0.83 $1.11 $1.44
1959-60 1.82 2.07 2.41 2.59 4.29 0.91 1.16 1.05
1960-61 2.86 3.08 3.43 1.51 4.91 0.84 1.05 0.99
1961-62 1.93 1.81 2.17 2.04 3.36 0.51 0.68 0.86
1962-63 2.17 3.50 3.09 3.02 4.66 0.74 1.29 1.81
1963-64 4.43 4.45 4.45 3.18 4.83 1.91 2.24 2.54
1964-65 2.57 2.28 2.77 2.68 4.00 1.13 1.51 1.82
1965-66 1.44 1.79 1.80 2.14 2.85 1.09 1.39 1.64
1966-67 0.81 1.08 0.88 1.06 1.64 0.60 0.73 0.94
1967-68 1.86 2.28 2.79 4.29 3.22 1.48 2.05 2.48
1968-69 1.56 1.83 2.22 2.55 2.47 0.81 0.98 1.15
1969-70 1.15 1.13 1.47 2.23 1.13 1.42 1.72 1.92
1970-71 1.10 1.91 1.91 1.88 1.04 1.68 1.89 2.15
1971-72 1.98 2.11 1.95 2.97 1.69 2.01 2.27 2.69
1972-73 1.43 1.71 1.95 2.37 1.39 1.63 2.06 2.53
1973-74 1.38 1.59 1.64 2.82 1.25 1.31 1.58 2.12 -
1974-75 1.46 1.82 1.68 3.05 1.45 0.87 1.55 2.59
1975-76 1.69 1.88 1.79 3.02 1.42 0.85 1.29 2.23
1976-77 1.89 2.63 2.16 3.29 1.42 1.20 1.49 2.04
1977-78 3.90 4.40 3.92 4.79 3.29 1.45 1.47 2.09
1978-79 4.44 4.95 4.89 4.99 3.90 1.84 2.21 3.13
1979-80 3.59 3.89 2.89 4.25 2.87 3.04 3.12 3.80
1980-81 3.67 4.63 4.21 5.45 3.92 2.92 3.46 4.22
1981-82 4.27 4.29 4.01 6.23 3.58 1.13 1.92 2.80
1982-83 4.88 5.41 3.99 7.57 4.37 0.70 1.51 3.20
1983-84 5.09 6.72 5.34 5.93 4.28 2.01 2.08 4.05
1984-85 7.30 6.88 5.59 15.91 7.08 2.58 3.02 4.84
1985-86 3.92 3.97 3.01 12.69 4.06 3.27 3.56 4.98
1986-87 4.56 6.02 3.60 10.92 3.72 4.27 4.45 5.80
1987-88 5.85 7.88 5.07 12.77 5.35 4.89 5.29 5.81
1987-8 5.e


On-tree average price per box (1-3/5 bushel
box equivalents) for all methods of sale
minus pick and haul charges.
Source: Florida Agricultural Statistics Service.


bNavel and Hamlin
CParson Brown and Pineapple
Valencia


eDuncan
Marsh (white) or pink
Preliminary








Table 12-A.-Debt which can be supported per $1,000.00 annual payment capacity

Rate

Years 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%


1 917 913 909 905 901 897 893 889 885 881 877 873 870
2 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 2,531 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 3,240 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 3,890 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 4,486 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 5,033 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 5,535 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 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 6,418 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 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 7,161 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 7,487 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 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 8,061 7,828 7,606 7,394 7,191 6,997 6,811 6,633 6,462 6,299 6,142 5,992 5,847
16 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 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 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 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 9,129 8,812 8,514 8,231 7,963 1,10a 7,469 7,241 7,025 6,819 6,623 6,437 6,259
25 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 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 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 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).
See reference 8 on page 8.