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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
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 Material Information
Title: Budgeting costs and returns
Series Title: Economic information report
Portion of title: Budgeting costs and returns for Indian River citrus production
Budgeting costs and returns for for <sic> Indian river citrus production
Physical Description: v. : ; 27 cm.
Language: English
Creator: University of Florida -- Food and Resource Economics Dept
Publisher: Food and 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: 2003
Frequency: annual
regular
 Subjects
Subjects / Keywords: Citrus fruit industry -- Economic aspects -- Periodicals -- Florida -- Indian River County   ( lcsh )
Citrus fruits -- Periodicals -- Florida -- Indian River County   ( lcsh )
Genre: government publication (state, provincial, terriorial, dependent)   ( marcgt )
serial   ( sobekcm )
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General Note: Title varies slightly: <1992-93>- Budgeting costs and returns for Indian River citrus production.
General Note: Description based on: 1978-79; title from cover.
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Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: aleph - 000313321
oclc - 08042665
notis - ABU0054
lccn - sn 82000632
System ID: UF00026156:00026

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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
    Budget costs and returns
        Page 4
    Historical cost trends
        Page 5
        Page 6
        Page 7
        Page 8
        Page 9
        Page 10
    References
        Page 11
    Addenda
        Page 12
        Page 13
        Page 14
        Page 15
        Page 16
        Page 17
        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
Full Text


Ronald P. Muraro
John W. Hebb


EDIS FE527
http://edis.ifas.ufl.edu/FE527


Budgeting Costs and Returns
for Indian River Citrus
Production, 2003-04


TUF UNIVERSITY of
UF FLORIDA
IFAS Extension
Institute of Food and Agricultural Sciences
Food and Resource Economics Department
Florida Agricultural Experiment Station
Florida Cooperative Extension Service
Gainesville, FL 32611


September 2004















ABSTRACT


Estimated costs and returns of growing seedless grapefruit in the Indian River area of Florida
are presented for the twentieth 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: The Indian River production area refers to the citrus producing counties on Florida's east
coast, including Brevard, Indian River, Martin, Palm Beach, and St. Lucie.

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 2003-04 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 a custom-managed operation. Therefore, all
equipment costs are based on the average custom rate costs along with a 10 percent
handling and supervision charge added to the material cost.

Although the estimated annual per acre grove costs listed are representative of a mature
citrus grove (10+ years old), the grove care costs for a specific grove site may differ
depending on tree age, tree density and the grove practices performed (e.g., spot herbicide
for grass/brush regrowth under trees could add an additional $16.60 per acre; Diaprepes
control could add $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 at $119.33/acre, could
increase the total cultural costs per acre above the average costs shown in the comparative
budgets; or 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.


ACKNOWLEDGMENTS


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 suggestions for the revision of this manuscript.















ABSTRACT


Estimated costs and returns of growing seedless grapefruit in the Indian River area of Florida
are presented for the twentieth 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: The Indian River production area refers to the citrus producing counties on Florida's east
coast, including Brevard, Indian River, Martin, Palm Beach, and St. Lucie.

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 2003-04 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 a custom-managed operation. Therefore, all
equipment costs are based on the average custom rate costs along with a 10 percent
handling and supervision charge added to the material cost.

Although the estimated annual per acre grove costs listed are representative of a mature
citrus grove (10+ years old), the grove care costs for a specific grove site may differ
depending on tree age, tree density and the grove practices performed (e.g., spot herbicide
for grass/brush regrowth under trees could add an additional $16.60 per acre; Diaprepes
control could add $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 at $119.33/acre, could
increase the total cultural costs per acre above the average costs shown in the comparative
budgets; or 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.


ACKNOWLEDGMENTS


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 suggestions for the revision of this manuscript.

















TABLE OF CONTENTS


Page

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

ACKNOW LEDGM ENTS ............................................ ........... 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 ........................................ .......... 5

REFERENCES ................................................................ 11

ADDENDA ........................................ ............. ............ 12


NOTE: The ADDENDA includes items such as Listing of Grove Care Options
for Indian River Citrus Production for Both Round Oranges and
Grapefruit; 2004 custom rate summary report; cost of establishing a
citrus grove; etc. Page 12 lists the tables included in the ADDENDA.

















LIST OF TABLES


Table Page

1 Schedule of production practices and budget items for an Indian River Florida
grapefruit grove, 2003-04 ............................................... 3

2 Calculation of normal production per acre, 2003-04 .......................... 4

3 Estimated annual per acre costs and returns for a mature, white seedless grapefruit
grove producing for the fresh market, Indian River area, 2003-04 ............... 6

4 Estimated total delivered-in cost for Indian River White grapefruit grown for the
processed juice market under three cultural cost programs, 2003-04 ............. 7

5 Estimated F.O.B. cost for fresh market Indian River White grapefruit, 2003-04 .... 8

6 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 market in
the Indian River area, 1999-00-2003-04 ................................... 9

7 Estimated annual per acre costs and returns and 5-year average costs and returns
(adjusted to 2004 dollars) for a mature, white seedless grapefruit grove producing
citrus for fresh fruit market in the Indian River area, 1999-00-2003-04 ........... 10










BUDGETING COSTS AND RETURNS FOR INDIAN RIVER
CITRUS PRODUCTION, 2003-04


Ronald P. Muraro 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, or to
determine break-even prices. This report 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 operators, input suppliers, growers,
and colleagues at both the Indian River Research and Education Center in Fort Pierce and the Citrus
Research and Education Center in Lake Alfred and County Extension Citrus Agents in the Indian River
production region. 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. The ADDENDA shows
grower's costs (Tables 1-A through 7-AO, custom rate costs (Table 8-A), and various chemical and
fertilizer costs (Tables 9-A and 10-A). The budget costs represent a custom-managed operation.
Therefore, all equipment costs are based upon the average custom-rate costs along with a 10 percent
handling and supervision charge added to the material cost.
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.




Ronald P. Muraro, Professor and Extension farm management economist, Department of Food
and Resource Economics, Citrus Research and Education Center, Lake Alfred, and John W. Hebb,
Extension citrus agent, St. Lucie County, Fort Pierce, Florida Cooperative Extension Service, Institute
of Food and Resource Economics, University of Florida, Gainesville, FL.










BUDGETING COSTS AND RETURNS FOR INDIAN RIVER
CITRUS PRODUCTION, 2003-04


Ronald P. Muraro 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, or to
determine break-even prices. This report 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 operators, input suppliers, growers,
and colleagues at both the Indian River Research and Education Center in Fort Pierce and the Citrus
Research and Education Center in Lake Alfred and County Extension Citrus Agents in the Indian River
production region. 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. The ADDENDA shows
grower's costs (Tables 1-A through 7-AO, custom rate costs (Table 8-A), and various chemical and
fertilizer costs (Tables 9-A and 10-A). The budget costs represent a custom-managed operation.
Therefore, all equipment costs are based upon the average custom-rate costs along with a 10 percent
handling and supervision charge added to the material cost.
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.




Ronald P. Muraro, Professor and Extension farm management economist, Department of Food
and Resource Economics, Citrus Research and Education Center, Lake Alfred, and John W. Hebb,
Extension citrus agent, St. Lucie County, Fort Pierce, Florida Cooperative Extension Service, Institute
of Food and Resource Economics, University of Florida, Gainesville, FL.










BUDGETING COSTS AND RETURNS FOR INDIAN RIVER
CITRUS PRODUCTION, 2003-04


Ronald P. Muraro 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, or to
determine break-even prices. This report 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 operators, input suppliers, growers,
and colleagues at both the Indian River Research and Education Center in Fort Pierce and the Citrus
Research and Education Center in Lake Alfred and County Extension Citrus Agents in the Indian River
production region. 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. The ADDENDA shows
grower's costs (Tables 1-A through 7-AO, custom rate costs (Table 8-A), and various chemical and
fertilizer costs (Tables 9-A and 10-A). The budget costs represent a custom-managed operation.
Therefore, all equipment costs are based upon the average custom-rate costs along with a 10 percent
handling and supervision charge added to the material cost.
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.




Ronald P. Muraro, Professor and Extension farm management economist, Department of Food
and Resource Economics, Citrus Research and Education Center, Lake Alfred, and John W. Hebb,
Extension citrus agent, St. Lucie County, Fort Pierce, Florida Cooperative Extension Service, Institute
of Food and Resource Economics, University of Florida, Gainesville, FL.









THE GROVE SITUATION


Production practices for an Indian River grapefruit grove are shown in Table along with 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 an annual cash flow analysis can be helpful in financial planning.
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 example represents a white seedless grapefruit grove, 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. Variety is white seedless on sour orange rootstock.
3. Tree loss is 5.0 percent annually.
4. Trees are pulled and replaced when production falls below 50 percent of expected yield.
5. Production is for fresh market.
6. Tree density is 95 trees per acre.
7. Custom-caretaker is providing grove management.


Tree ages will vary due to tree losses and replacement. The budget reflects the following age
distribution and yield for Indian River white seedless grapefruit:












Table 1.--Schedule of production practices and budget items for an Indian River Florida grapefruit grove, 2003-04a

Month


Total revenue:


Pick & haul cost

DOC advertisement tax


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

20% Final
deposit payment

X

X


Grove expenses:


Chemical


Chemical


Mow X X Mow Mow X

Labor, general grove work, pull vines X X

Herbicide (sprayed strip estimated as 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

Fertilizer 42# N/A 42# N/A 42# 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

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


Less:











% of
Grove

5.0%

5.0%

5.0%

5.0%

5.0%

55.0%

5.0%

15.0%


Tree Age and Condition

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


Yield
Boxes/Tree

0.0

0.0

0.0

1.0

1.7

5.9

3.5

7.5


Calculation of normal production per acre is shown in Table 2. Note that the proportion-of-trees-
by-age column only adds to 85 percent since 15 percent of the trees are non-bearing.


Table 2.--Calculation of normal production per acre, 2003-04
Boxes Total
Age of Tree Trees /Tree Boxes
Total no. Proportion No. each
all ages each agea age -------- Number --------

3 years 95 x 0.05 = 4.75 x 1.0 = 4.8

4 years 95 x 0.05 = 4.75 x 1.7 = 8.1

5-15 years 95 x 0.55 = 52.30 x 5.9 = 308.6

Prod. 50% of
expected yield 95 x 0.05 = 4.75 x 3.5 = 16.6

Over 15 years 95 x 0.15 = 14.30 x 7.5 = 107.3

Total boxes = 445.4
aProportion adds up to 0.85 (85 percent) as 15 percent of the trees were non-bearing (pulled and
reset, 1- and 2-year-old trees).


BUDGET COSTS AND RETURNS

Estimated budget costs and returns for an Indian River grove situation are shown in Table 3.
Gross revenue estimates are based on the projected yields (Table 3) and estimated preliminary on-tree
prices for the 2003-04 season. The budgeted costs represent one possible citrus production program
and were selected from the costs shown in the ADDENDA tables (grove establishment and reset costs
are shown in Tables 11-A through 14-A and historical on-tree prices for selected Florida citrus varieties
are shown in Table 15-A).









As shown in Table 3, the total revenue for fresh-market white seedless grapefruit is estimated
to be $2,069.25 per acre. Total specified costs are $1,089.13, comprised of grove care costs of
$1,041.13 plus management costs of $48.00. Return to land, trees, and ownership of $980.12 per acre
loss represents net return above variable costs. At 325 and 525 boxes per acre, respectively, the break-
even prices required to cover grove care costs for seedless white grapefruit range from $3.20 to $1.98
per box on-tree and $1.43 to $1.17 per pounds solids delivered-in.
Ad valorem taxes, and overhead and administrative costs (e.g., water drainage district taxes, crop
insurance, and other grower assessments) can add up to 12 percent of total grove care costs. These
costs vary from grove to grove, depending on age, location, or variety of fruit, 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
processing plant or fresh fruit packinghouse. Average annual debt payment (principal and interest)
may be as high as $460 per acre ($3,900 average debt per acre at 10 percent interest amortized over
20 years) which would reduce total available cash for grove expansion or other investment.
Estimated "delivered-in" costs for fresh packed white grapefruit are shown in Table 4.
"Delivered-in" costs include grove care costs (Table 3) plus harvesting, regulatory, and grower
assessment costs. The "delivered-in" cost is presented as a cost per acre, per box, per carton, and per
pound solids. Three possible budget cost scenarios are presented (Table 11-A): Low Cost Processed
Cultural Program; Processed and Reduced Cost Fresh Cultural Program; and Typical/Historical Fresh
Fruit Cultural Program. Scenario 1 represents costs of a cultural program directed toward reducing
expenditures for fruit grown primarily for the processed market. Scenario 2 represents a program using
reduced inputs but with production directed at the fresh market. Scenario 3 represents typical costs of
grove practices that have been performed for citrus grown for the fresh fruit market. Modified
herbicide and/or spray and fertilizer programs account for the reduced costs. NOTE: Before in.,,Ji ifr,
a grove managementprogram to reduce costs, an evaluation of the marketprogram ''pi. L. L or fresh),
yield, and specific cultural problems (nutrition, disease, etc.)for the specific grove site should be made.
Also, in Table 5, the total estimated F.O.B. cost for fresh packed white 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, fresh, white seedless grapefruit in the Indian
River area have been developed and published the past four years. Estimated cost and return histories
for 1999-00 through 2002-03 along with 2003-04, and a five-year average are presented in Table 6.
The effect of over planting, following recent freezes, on Florida's annual grapefruit supply has resulted
in a fluctuating on-tree price per box. Despite general reduction in operating costs, annual net return
to land and trees has decreased over the five-year period. To allow comparisons in current values,
these same costs and returns, adjusted to 2043 dollars, are presented in Table 7.









Table 3.--Estimated annual per acre costs and returns for a mature, white seedless grapefruit grove producing for the fresh market, Indian River area, 2003-04a

Item Description Amount Your Cost


Revenue
Expenses'
Weed control
Mow middles
Chemical mow (Table 2-A, Option #9)
General grove work/sprouting, etc.
Herbicide (Table 2-A, Options #1, #6 & #7)
Spray program (Table 1-A, Options #1, #3, #4 @ 2, #8 & #12)
Fertilizer (Table 3-A, Option #2)
Dolomite (Table 7-A, Option #1)
Pruning (maintenance)
Topping
Hedging
Removing/chop brush
Raise skirts of trees
Tree replacement and care
Remove trees (Table 12-A)
Prepare sites, repair mound, and plant resets
Supplemental fertilizer, sprout, etc. (Trees 1-3 years)
Microsprinkler irrigation (Table 7-A, Option #4)
Drainage ditch annual cost (Table 7-A, Option #5)
Total grove care expenses
Management
Total specified costs
Return (loss) to land, trees, and ownership
Break-even price for total grove care expenses
Boxes per acre
325 375 425 475 52
$ On-tree price per box
3.20 2.78 2.45 2.19 1.


5


445 boxes @ $4.65b



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






($275.00/hr. + 10 A/hr.) 2 yrs.
($245.00/hr.+ 10 A/hr.) 1.5 yrs.
($8.52/A + 1.5 yrs.)
($13.00/A + 2 yrs.)
(1 through 3 years)
5 trees per acre
Including 5 trees per acre
Including application


------- --- Dollars --- ----
2,069.25


29.73
11.24
25.34
125.52





13.75
16.33
5.68
6.50

23.70
59.55
46.20


$4.00 per acre per month


191.83
349.81
122.65
12.54





42.26



129.45
152.07
40.52
1,041.13
48.00
1,089.13
980.12


Boxes per acre
325 375 425 475 525
$ Delivered-in price per pound solids for eliminationsf


)81.43 1.34 1.27 1.22 1.17


While estimated annual per acre grove costs Table 3 are representative of a mature Indian River white seedless grapefruit grove, grove care costs for specific grove site may differ depending on
grove practices performed (e.g., Temik application would add $119.33 per acre; extensive tree loss due to blight or tristeza may double tree replacement and care costs).
bOn-tree price per box is preliminary; assumes average of all methods of sale (fresh and processed).
"Assumes 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., 5% of gross sales or 10% of total grove care costs) are used in the industry and vary from situation to situation.
'Other cost items which are not included in budget are ad valorem taxes and interest on grove investment. In addition to these cost items, overhead and administrative costs (e.g., 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.
'Assumes 4.7 pounds solids per box, $2.27 pick and haul cost per box (spot picking and fruit drenching plus DOC $0.25 advertising tax and canker decontamination costs), $0.55 per box handling
through packinghouse, and $0.45 per box delivery to processing plant.









Table 4. Estimated total delivered-in cost for Indian River White grapefruit grown for the fresh/processed market under three cultural cost programs,
2003-04

r t tr 1 r Processed White Grapefruit Fresh Packed White Grapefruit Fresh Packed White Grapefruit
Represents a mature (10+ years old)
sn av mte ( ro Low Cost Cultural Program Reduced Cost Cultural Program
Indian River White Grapefruit Grove
One-Year Alternative Cultural Program

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

Total Production/Cultural Costs $ 753.52 $1.693 $0.3603 $1,019.85 $2.292 $1.1459 $1,041.13 $2.340 $1.1698
Interest on Operating (Cultural) Costs 20.72 0.047 0.0099 50.99 0.115 0.0573 52.06 0.117 0.0585
Management Costs 48.00 0.108 0.0230 48.00 0.108 0.0539 48.00 0.108 0.0539
Taxes/Regulatory Costs:
Property Tax/Water Management Tax 47.04 0.106 0.0225 44.80 0.101 0.0503 44.80 0.101 0.0503
Water Drainage District Tax 63.00 0.142 0.0301 60.00 0.135 0.0674 60.00 0.135 0.0674
Fly Protocol Cost 54.73 0.123 0.0615 52.13 0.117 0.0586
Canker Decontamination Costs 6.18 0.014 0.0030 6.18 0.014 0.0069 4.54 0.010 0.0051
Total Taxes/Regulatory Costs 116.22 0.261 0.0556 165.71 0.372 0.1862 161.47 0.363 0.1814
Total Direct Grower Costs $ 938.46 $2.109 $0.4487 $1,284.55 $2.887 $1.4433 $1,302.66 $2.927 $1.4637
Interest on Average Capital Investment Costs 321.22 0.722 0.3609 321.22 0.722 0.3609 321.22 0.722 0.3609
Total Grower Costs $1,259.68 $2.831 $0.8096 $1,605.77 $3.608 $1.8042 $1,623.87 $3.649 $1.8246
Harvesting and Assessment Costs:
Pick/Spot Pick, Roadside & Haul and
Canker Decontamination 838.83 1.885 0.4011 928.27 2.086 1.0430 928.27 2.086 1.0430
Fruit Drenching (Fresh) 75.65 0.170 0.0850 75.65 0.170 0.0850
DOC Assessment 106.80 0.240 0.0511 111.25 0.250 0.1250 111.25 0.250 0.1250
Total Harvesting and Assessment Costs 945.63 2.125 0.4521 1,115.17 2.506 1.2530 1,115.17 2.506 1.2530
Total Delivered-In Cost $2 205.30 $4.956 $1.2617 $2 720.94 $6.114 $3.0572 $2.739.04 $6.155 $3.0776
Two cartons per box
Cultural program (Table 11-A)
P.S. = Pound Solids Cultural program (Table 3). Cultural program (Table 11-A)
Yield: 445 boxes/acre @ 4.7 P.S. per box Two summer oil sprays with Assumes 100% packout Assumes 100% packout
95 trees per acre oil, copper, and miticide
95 trees per acre












Table 5.--Estimated F.O.B. cost for fresh market Indian River White grapefruit, 2003-04

Percent Packout 50.00% Percent Packout 60.00% Percent Packout 70.00%
Box Yield Per Acre 445 Box Yield Per Acre 445 Box Yield Per Acre 445
Per Per Per
Packed Packed Packed
Per Acre Box Per Carton Per Acre Box Per Carton Per Acre Box Per Carton

Total Production/
Cultural Costs $1,041.13 $4.679 $2.3396 $1,041.13 $3.899 $1.9497 $1,041.13 $3.342 $1.6712

Interest on Operating
(Cultural) Costs 52.06 0.234 0.1170 52.06 0.195 0.0975 52.06 0.167 0.0836

Management 48.00 0.216 0.1079 48.00 0.180 0.0899 48.00 0.154 0.0770

Taxes/Regulatory 161.47 0.726 0.3629 161.47 0.605 0.3024 161.47 0.518 0.2592

Interest on Average
Capital Investment 321.22 1.444 0.7218 321.22 1.203 0.6015 321.22 1.031 0.5156

Harvesting (Pick/Spot Pick,
Haul, DOC Tax, Etc.) 1,115.11 5.01 5060 115.17 4.177 2.0883 1,115.17 3.580 1.7900

Total Delivered-In Cost $2,739.04 $12.310 $6.1551 $2,739.04 $10.259 $5.1293 $2,739.04 $8.793 $4.3965

Packing & Selling (Export) 1,642.05 7.380 3.6900 1,970.46 7.380 3.6900 2,298.87 7.380 3.6900

Net Fresh Eliminations
Costs' -289.92 -1.303 -0.6515 -231.93 -0.869 -0.4343 -173.95 -0.558 -0.2792

Total F.O.B. Costs $4,091.17 $18.387 $9.1936 $4,477.57 $770 $8.3850 $4863.96 $15.615 $7.8073

Percent Packout 80.00% Percent Packout 90.00% Percent Packout 100.00%
Box Yield Per Acre 445 Box Yield Per Acre 445 Box Yield Per Acre 445
Per Per Per
Packed Packed Packed
Per Acre Box Per Carton Per Acre Box Per Carton Per Acre Box Per Carton

Total Production/
Cultural Costs $1,041.13 $2.925 $1.4623 $1,041.13 $2.600 $1.2998 $1,041.13 $2.340 $1.1698

Interest on Operating
(Cultural) Costs 52.06 0.146 0.0731 52.06 0.130 0.0650 52.06 0.117 0.0585

Management 48.00 0.135 0.0674 48.00 0.120 0.0599 48.00 0.108 0.0539

Taxes/Regulatory 161.47 0.454 0.2268 161.47 0.403 0.2016 161.47 0.363 0.1814

Interest on Average
Capital Investment 321.22 0.902 0.4511 321.22 0.802 0.4010 321.22 0.722 0.3609

Harvesting (Pick/Spot Pick,
Haul, DOC Tax, Etc.) 1,115.17 3.133 1.5663 115.17 2.784 1.3922 115.17 2.506 1.2530

Total Delivered-In Cost $2,739.04 $7.694 $3.8470 $2,739.04 $6.839 $3.4195 $2,739.04 $6.155 $3.0776

Packing & Selling (Export) 2,627.28 7.380 3.6900 2,955.69 7.380 3.6900 3,284.10 7.380 3.6900

Net Fresh Eliminations
Costs' -115.97 -0.326 -0.1629 -57.98 -0.145 -0.0724 0.00 0.000 0.0000

Total F.O.B. Costs $5,250.35 $14.748 $7.3741 $5,636.75 $14.074 $7.0371 $6,023.14 $13.535 $6.7676

a "Net Eliminations Cost" equals the average yield of 4.70 pound solids per box times $0.49 per pound solids less packinghouse
elimination charge and cannery hauling charge of $1.00 per box.













Table 6.--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 market in the Indian River area, 1999-00-2003-04


On-tree Gross Total Grove Total Specified Net Return to Land,
Year Price/Boxa Yield Revenue Care Eexpenses Costse Trees, and Ownership
----------------------------------------- Dollars -------------------------------------

1999-00 $4.20 469 1,969.80 951.47 999.47 970.33

2000-01 $2.15 425c 913.75 974.46 1,022.46 (108.71)

2001-02 $1.95 417d 813.15 1,008.77 1,056.77 (243.62)

2002-03 $2.08b 417d 867.36 1,024.54 1,072.54 (205.18)

2003-04 $4.65b 445 2,069.25 1,041.13 1,089.13 980.12

5-yr. avg. $3.01 435 1,309.35 1,000.07 1,048.07 261.28

aOn-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.

CThe severe drought affected yields for the 2001-02 season.
dIncreased tree loss due to citrus tristeza virus reduced yields.

eA 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 7.--Estimated annual per acre costs and returns and 5-year average costs and returns (adjusted to 2004 dollars) for a mature, white
seedless grapefruit grove producing citrus for fresh fruit market in the Indian River area, 1999-00-2003-04


Adjusted
Inflation On-tree Gross Total Specified Net Return to Land,
Year Factor Indexa Price/Box Yield Revenue Costsb Trees, and Ownership

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

1999-00 111.1 $4.67 469 2,190.23 1,110.41 1,079.82

2000-01 109.8 $2.36 425 1,003.00 1,122.66 (119.66)

2001-02 112.4 $2.19 417 913.23 1,187.81 (274.58)

2002-03 106.7 $2.22 417 925.74 1,144.40 (218.66)


2003-04 100.0 $4.65 445 2,069.25 1,089.13 980.12

5-yr. avg. -- $3.22 435 1,400.70 1,130.88 269.82


aProducer price index for each year adjusted to 2004 prices (2004
price index for other years are: 2000 = 132.7; 2001 =134.2; 2002 =


= 100), with 2004 consumer price index estimated to be 147.4. Producer
131.1; and 2003 = 138.1.


b Management cost of $4.00 per acre, per month is included. Fixed costs (e.g., taxes, debt service, and crop insurance) are not included
(Table 6.)









REFERENCES


1. Citrus Summary 2002-03. 2004. Florida Agricultural Statistics Service, Florida Agricultural
Statistics, Tallahasee, FL (January).

2. Muraro, Ronald P. 2004. A Listing ofEstimated Comparative Indian River Citrus Production Costs
Per Acre for 2003-04. CREC Report, Citrus Research and Education Center, Lake Alfred, FL
(July).

3. 2004. Estimated Cost of Planting and Maintaining a Reset Citrus Tree ti, ,,'i1 Three
Years ofAge. CREC Report, Citrus Research and Education Center, Lake Alfred, FL (July).

4. 2004. A Listing of2004 Custom Rates Reported by Fifteen Indian River and South Florida
Citrus Caretakers. CREC Report, Citrus Research and Education Center, Lake Alfred, FL (July).

5. Savage, Zach. 1960. Citrus Yields Per Tree Age. UF Agricultural Extension Service Staff Paper
SP60-8, University of Florida, Gainesville, FL.

6. Timmer, L. W. (editor). 2004. 2004 Florida Citrus Pest Management Guide. Florida Cooperative
Extension Service Staff Paper SP 43, University of Florida, Gainesville, FL, 150pp (January).

7. Tucker, D. P. H., A. K. Alva, L. K. Jackson, and T. A. Wheaton (editors). 1995. Nutrition of
Florida Citrus Trees. Florida Cooperative Extension Service Staff Paper SP169, University of
Florida, Gainesville, FL, 61pp.







12

ADDENDA: Listing of Grove Care Options for Indian River Citrus Production for Both Round
Oranges and Grapefruita

Page
Table 1-A Spray options .................................................... 13
Post bloom spray ............................................... 13
Sum m er spray .......................................... ........ 14
Fall spray ...................................................... 15

Table 2-A Herbicide options ................................................. 15

Table 3-A Dry fertilizer options .............................................. 18

Table 4-A. Liquid fertilizer (Double boom application) ............................ 19

Table 5-A. Nematicides options ............................................... 19

Table 6-A. Soil amendment options ............................................ 19

Table 7-A. Irrigation--annual cost per acre ...................................... 20
D rip . . . . . . . . . . . . . .. 2 0
M icrosprinkler .................................................... 20
Drainage ditch annual costs .................................... 20

Table 8-A. A listing of 2004 custom rates reported by fifteen Indian River and South
Florida citrus caretakers ............................................ 21

Table 9-A. 2004 summary of average chemical price estimates ...................... 23

Table 10-A. 2004 summary of average fertilizer price estimates ....................... 25

Table 11-A. A listing of estimated comparative Indian River citrus production costs per
acre, 2003-04 .......................... ...... ....... ..... ....... 27

Table 12-A. Estimated cost of planting and maintaining a reset citrus tree through three
years of age, July 2004 .................................. .......... 28

Table 13-A. Estimated average picking, roadsiding and hauling charges for Florida citrus,
2003-04 ............................................. ........... 29

Table 14-A. Estimated average packing charges for Florida citrus, 2003-04 ............... 30

Table 15-A. Historic prices for selected citrus varieties ............................. 31

Table 16-A. Debt which can be supported per $1,000.00 annual payment capacity ........ 32


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

aCosts in ADDENDA represent a custom managed operation. All equipment costs are based on
average custom rate costs along with a 10 percent handling and supervision charge added to material
cost.









Table 1-A.--Spray options

POST BLOOM SPRAY


Spray Option #1


Materials/Ingredients

Micromite
Oil 97+%
Cu (50% metallic)
Zn
Mn

Ground Application
(PTO driven airblast)


Total per Application $85.54


Spray Option #2


Spray Opti


Materials/Ingredients

Agri-Mek
Cu (50% metallic)
Oil 97+%

Ground Application
(Curtec sprayer)


Amount
/Acre

10 ounces
10 pounds
3 gallons

25 GPA


Cost/Acre

$45.38
13.20
6.78

20.00


Total per Application $85.36


Amount
)n #3 Materials/Ingredients /Acre Cost/Acre

Cu (50% metallic) 7 pounds $ 9.24
Oil 97+% 5 gallons 11.30
Ground Application 250 gallons 28.67
(PTO driven airblast)
Total per Application $49.21


Spray Option #4


Materials/Ingredients

Cu (50% metallic)
Ground Application
(PTO driven airblast)
Total per Application


Your
Cost/Acre


Amount
/Acre

1.25 pounds
5 gallons
7 pounds
5 pounds
10 pounds

250 gallons


Cost/Acre

$39.88
11.30
9.24
4.35
3.40

28.67


Your
Cost/Acre


Your
Cost/Acre


Amount
/Acre

7 pounds
125 gallons


Your
Cost/Acre


Cost/Acre

$ 9.24
24.67


$33.91








Table 1-A.--Spray options (continued)
SUMMER SPRAY


Spray Option #5


Spray Opti


Spray Opti


Materials/Ingredients
Oil 97+%
Cu (50% metallic)
Micromite
Ground Application
(PTO driven airblast)


Amount
/Acre
5 gallons
7 pounds
1.25 pounds
250 gallons


Cost/Acre
$11.30
9.24
39.88
28.67


Total per Application $89.09

Amount
)n #6 Materials/Ingredients /Acre Cost/Acre
Cu (50% metallic) 7 pounds $ 9.24
Oil 97+% 5 gallons 11.30
Agri-Mek 10 ounces 45.38
Ground Application 250 gallons 28.67
(PTO driven airblast)
Total per Application $94.59

Amount
)n #7 Materials/Ingredients /Acre Cost/Acre
Cu (50% metallic) 7 pounds $ 9.24
Oil 97+% 10 gallons 22.60
Agri-Mek 5 ounces 22.69
Ground Application 500 gallons 36.00
(PTO driven airblast)


Total per Application $90.53

Amount
Spray Option #8 Materials/Ingredients /Acre Cost/Acre


Enable
Oil 97+%
Micromite
Ground Application
(PTO driven airblast)


8 ounces
5 gallons
1.25 pounds
250 gallons


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


$11.36
11.30
39.88
28.67


Total per Application $91.21

Amount
Spray Option #9 Materials/Ingredients /Acre Cost/Acre


Cu (50% metallic)
Oil 97+%
Zn
Mn
B
Ground Application
(PTO driven airblast)
Total per Application


7 pounds
5 gallons
5 pounds
10 pounds
0.25 pounds
250 gallons


Your
Cost/Acre


$ 9.24
11.30
4.35
3.40
1.13
28.67

$58.09









Table 1-A.-Spray options (continued)

SUMMER SPRAY (continued)


Spray Option #10

(Scale insects)


FALL SPRAY


Spray Option #11


Spray Option #12


Spray Opti


Materials/Ingredients

Lorsban 4EC
Ground Application
(engine driven airblast)
Total per Application


Materials/Ingredients

Vendex 50WP
Microthiol (sulfur)

Ground Application
(PTO driven airblast)

Total per Application


Materials/Ingredients

Vendex WP

Ground Application
(PTO driven airblast)


Amount
/Acre

5 pints
500 gallons


Cost/Acre

$21.20
36.00


Your
Cost/Acre


$57.20


Amount
/Acre

2 pounds
15 pounds

250 gallons


Cost/Acre

$31.36
9.60

28.67


Your
Cost/Acre


$69.63


Amount
/Acre

2 pounds

125 GPA


Cost/Acre

$31.36

24.67


Total per Application $56.03


Amount
on #13 Materials/Ingredients /Acre Cost/Acre

Microthiol (sulfur) 15 pounds $ 9.60

Aerial Application 15 GPA 8.02


Total per Application


Your
Cost/Acre


Your
Cost/Acre


$17.62


Table 2-A.--Herbicide options


Herbicide Option #1

(Strip/band)


Materials

Solicam 80DF
Karmex WP
Roundup Ultra Max
Ground Application
(1 time)
Total for 1 Application


Amount/
Treated Acre

3 pounds
4 pounds
2 quarts


Cost/
Grove Acrea

$22.73
7.42
8.08
12.21


$50.44


Your Cost/
Grove Acre


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










Table 2-A.-Herbicide options (continued)


Herbicide Option #2

(Strip/band)


Amount/
Treated Acre


Materials


Surflan A80 DF
Simazine 4L
Roundup Ultra Max


2 quarts
4 quarts
2 quarts


Cost/
Grove Acrea


$21.06
7.08
8.08


Ground Application 12.21
(1 time)
Total for 1 Application $48.43


Herbicide Option #3

(Strip/band)


Amount/
Treated Acre


Materials


Karmex WP
Roundup Ultra Max


4 pounds
2 quarts


Cost/
Grove Acrea


$ 7.42
8.08


Ground Application 12.21
(1 time)
Total for 1 Application $27.71


Herbicide Option #4

(Strip/band)


Materials

Solicam 80DF
Simazine 4L
Roundup Ultra Max


Amount/
Treated Acre

4 pounds
4 quarts
2 quarts


Cost/
Grove Acrea

$30.30
7.08
8.08


Ground Application 12.21
(1 time)
Total for 1 Application $57.67


Herbicide Option #5

(Strip/band)


Materials

Roundup Ultra Max


Amount/
Treated Acre

2 quarts


Cost/
Grove Acrea

$ 8.08


Ground Application 12.21
(1 time)
Total for 1 Application $20.29


Herbicide Option #6

(Strip/band)


Amount/
Treated Acre


Materials


Krovar I
Roundup Ultra Max
Ground Application
(1 time)
Total for 1 Application


5 pounds
2 quarts


Cost/
Grove Acrea


$27.78
8.08
12.21

$48.07


aFor herbicide materials, amount per grove acre does not equal amount per treated acre shown on label,
only a strip or band is being treated. This report assumes that only half a grove surface is being treated.


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre










Table 2-A.-Herbicide options (continued)


Herbicide Option #7

(Strip/band)


Materials

Roundup Ultra Max
Princep (Caliber 90)
Ground Application
(1 time)


Amount/
Treated Acre

2 quarts
4 pounds


Cost/
Grove Acrea

$ 8.08
6.72
12.21


Herbicide C

(Strip/ban








Herbicide C

(Chemical


Total for 1 Application $27.01


Amount/ Cost/ Your Cost/
)ption #8 Materials Treated Acre Grove Acrea Grove Acre

d) Direx 4L 3 quarts $ 5.88
Solicam 3 pounds 22.73
Ground Application 12.21


(1 time)


Total for 1 Application $40.82


Amount/ Cost/ Your Cost/
)ption #9 Materials Treated Acre Grove Acrea Grove Acre

mow) Roundup Ultra Max 1 pt $ 2.02
Ground Application 3.60
(1 time)
Total for 1 Application $ 5.62


Herbicide Option #10

(Chemical mow)


Materials

Roundup Ultra Max

Ground Application
(1 time)


Amount/
Treated Acre

1.5 pints


Cost/
Grove Acrea

$ 3.03

3.60


Total for 1 Application $ 6.63


Herbicide Option #11

(Spot treatment for
grass/brush regrowth
under trees)


Materials

Roundup Ultra Max

Ground Application
(1 time)

Total for 1 Application


Amount/
Treated Acre

2 quarts


Cost/
Grove Acrea

$ 8.08


4.50


$12.58


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre









Table 3-A.--Dry fertilizer options

Analysis/Material Amount Your
Option #1 Applied /Acre Cost/Acre Cost/Acre
(100 lbs N/Acre) 12-2-12-2.4 MgO 835 pounds $ 80.91
Application 3 times 21.87
Total for 3 Applications $102.78


Analysis/Material Amount Your
Option #2 Applied /Acre Cost/Acre Cost/Acre
(125 lbs N/Acre) 12-2-12-2.4 MgO 1040 pounds $100.78

Application 3 times 21.87
Total for 3 Applications $122.65


Analysis/Material Amount Your
Option #3 Applied /Acre Cost/Acre Cost/Acre
(162 lbs N/Acre) 12-2-12-2.4 MgO 1350 pounds $129.60

Application 3 times 21.87
Total for 3 Applications $151.47


Analysis/Material Amount Your
Option #4 Applied /Acre Cost/Acre Cost/Acre
(180 lbs N/Acre) 15-2-15-2.4 MgO 1200 pounds $121.20
Application 3 times 21.87
Total for 3 Applications $143.07


Analysis/Material Amount Your
Option #5 Applied /Acre Cost/Acre Cost/Acre
(204 lbs N/Acre) 17-4-17-2.4 MgO 1200 pounds $132.00
Application 3 times 21.87
Total for 2 Applications $153.87


Analysis/Material Amount Your
Option #6 Applied /Acre Cost/Acre Cost/Acre
(225 lbs N/Acre) 15-2-15-2.4 MgO 1500 pounds $144.00
Application 3 times 21.87
Total for 3 Applications $165.87









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


Option #1

(180 lbs N





Option #2

(180 lbs N


Option #3

(180 lbs N


Analysis/Material Amount
Applied /Acre Cost/Acre

/Acre) 10-0-10 1800 pounds $138.42
Double Boom Application 3 times 36.75
Total for 3 Applications $175.17

Analysis/Material Amount
Applied /Acre Cost/Acre

/Acre) 10-2-10 1800 pounds $140.22
Double Boom Application 3 times 36.75
Total for 3 Applications $176.97

Analysis/Material Amount
Applied /Acre Cost/Acre

/Acre) 10-0-10 1800 pounds $138.42
Solicam 80DF 3 pounds* 22.73
Karmex WP 4 pounds* 7.42
Double Boom Application 3 times 36.75
Total for 3 Applications $205.32


*Treated acre (one herbicide application)

Table 5-A.--Nematicides options
Analysis/Material Amount
Option #1 Applied /Acre
Temik 15G 33 pounds
Application 1 time
Total per Application


Cost/Acre
$107.58
11.75
$119.33


Table 6-A.--Soil amendment options
Analysis/Material Amount
Option #1 Applied /Acre Cost/Acre
(Every 3 years) Dolomite (Delivered) 1 ton $30.27
Application 1 time 7.35
Total for 1 Application $37.62
(Average 1/3 Ton Applied/Yr) $12.54


Option #2
(Every year)


Analysis/Material
Applied
Dolomite (Delivered)
Application
Total per Application


Amount
/Acre
1000 pounds
1 time


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Cost/Acre
$15.14
7.35
$22.49









Table 7-A.--Irrigation (annual cost per acre)


DRIP

Your Your
Option #1 Cost/Acre Option #2 Cost/Acre
Operating (Electric) (Diesel)
$50.44 $ 45.38
Maintenance of System 41.46 41.25
Total Cash Expenses $ 91.90 $ 86.63

Fixed Depreciation Expense 42.35 45.25

Total Cash and Fixed $134.35 $131.88
Expenses


MICROSPRINKLER

Your Your
Option #3 Cost/Acre Option #4 Cost/Acre
Operating (Electric) (Diesel)
$ 57.35 $ 48.28*
Maintenance of System 46.21 47.23
Total Cash Expenses $103.56 $ 95.51

Fixed Depreciation Expense 52.94 56.56

Total Cash and Fixed $156.50 $152.07
Expenses



DRAINAGE DITCH ANNUAL COSTS
Your
Option #5 Cost/Acre

Ditches/Canals Maintenance ($41.88/acre 3 years) $14.76
Weed Control in Ditches/Canals 13.05
Water Control: In/Out of Ditches and Canals 12.71
Total $40.52


*Indicates higher cost for fuel; diesel or electric.










Table 8-A.--A listing of 2004 custom rates reported by fifteen Indian River and South Florida citrus caretakers

Range of Rate Average
Grove Practice Unit Reported Ratey Comments
Cl TT.TVATION AND FO TTPMENT:


Hand Labor

Mechanic Labor
Rotovate
Disc 7-8'
Disc 10-12'
Mow: 7-8'
9-10'
9-10'
15-16'
V-Mower
Sickle Mower
Herbicidez (Strip/Band-Single Boom)
Herbicidez (Strip/Band-Single Boom)
Herbicidez (Strip/Band-Double Boom)
Herbicidez (Chemical Mow)
Temikz
Plow
Backhoe
Vine Puller/Deviner
Middle Buster
Mound Builder
Grader Blade
Caterpillar Grader
Water Truck with Driver
Pickup Truck with Driver

Flatbed/Transport Truck with Driver
Tractor with Driver
ATV with Driver


Hour

Hour
Hour
Hour
Hour
Hour
Hour
Acre
Hour
Hour
Hour
Hour
Acre
Acre
Acre
Acre
Hour
Hour
Hour
Hour
Hour
Hour
Hour
Hour
Hour


$9.50- $15.0
0


32.00- 40.00 36.00
30.00- 45.00 36.70
25.00- 31.00 27.83
27.50- 35.50 32.00
27.50- 32.00 30.05
30.00- 35.00 31.69
9.00- 11.00 9.91
34.00- 41.00 37.42
27.50
34.00
30.00- 32.00 31.33
12.00- 13.40 12.63
11.50- 13.00 12.21
2.50- 5.00 3.60
10.00- 13.00 11.75
32.50
40.00- 50.00 46.21
32.00
31.00- 34.00 32.71
33.00- 35.00 34.17
28.00- 33.00 30.88
65.00
30.00- 34.00 32.33
28.00- 35.00 30.33


Hour 40.00-
Hour 27.00-
Hour 20.00-


45.00
33.00
23.50


$12.67 Plus transportation and equipment


Labor and service truck







Average $8.88/acre


Plus materials
Plus materials
Plus materials
Plus materials
Plus materials



With tractor and driver
With tractor and driver
Tractor/blade and driver


Average miles traveled per year: Pick-up truck 22,663
miles


42.50
30.00
21.60


SPRAYING:'


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


PTO AIR BLAST SPRAYER
1,000 Gallon Tank 1,000 Gallon Tank 500 Gallon
with Electronic Sensing without Electronic Sensing Tank Average

Acre 37.75- 38.00 37.83 35.00- 38.00 36.00 36.50
Acre 28.00- 33.00 30.85 25.00- 32.00 28.67 29.75
Acre 23.00- 26.50 24.94 24.00- 26.00 24.67 25.50
Acre 21.50 20.25- 21.00 20.75
Acre 20.00
Fixed Wing: $ 4.81/acre @ 5 gallons per acre
Fixed Wing: $ 6.52/acre @ 10 gallons per acre Bell Helicopter: $15.00/acre @ 10 GPA
Fixed Wing: $ 8.02/acre @ 15 gallons per acre
Fixed Wing: $10.14/acre @ 20 gallons per acre
Hand Sprayer (500 gallon tank) with tractor and 2 workers $45.00/hour


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


Acre 11.00-
Acre 7.00-
Acre 7.00-
Hour 9.50-
Hour 30.00-


13.50
7.75
7.75
15.00
32.00


12.25
7.29
7.35
12.67
30.67


Average $34.00/ton
Plus transportation and materials
Plus materials; Average $7.25/acre











Table 8-A.--A listing of 2004 custom rates reported by fifteen Indian River and South Florida citrus caretakers (continued)

Range of Rate Average
Grove Practice Unit Reported Ratey Comments


IRRIGATION:
Ditch Mower
Water Furrow Disc
Water Furrow Cleaner
Water Furrow Shaper (Laser Control)
Rotary Ditcher or Auger
Microsprinkler/Drip Irrigation Maintenance
Microsprinkler

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)


Hour $33.00- $48.00 $39.60
Hour 30.00- 37.50 33.63
Hour 34.50
Hour 75.00
Hour 33.00- 35.00 34.17
Acre/Month 3.50- 6.00 4.38
30.00/setting-application


Check & repair system; parts extra
Start/stop and supervision


Hour $45.00- $57.20 $52.74 Avg. range 3-15 trees per hour
Hour 45.00- 55.00 51.33 Avg. range 5-20 trees per hour


Hour $17.00- $22.50 $19.88


Hour 100.00-
Hour 145.00-
Hour 225.00-


145.00
200.00
265.00


130.00
172.50
245.00


6 to 10 acres/hour

8 to 20 A/H depending on wood size; $14/A annual


Double Side Rotary Boom (Self Propelled)x
Double Side Self-Propelled Fixed Boom Hedgerx
Topping:

Tractor Pulled
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

OTHER CUSTOM RATES:
Install Tree Wraps

Plant Trees (Solid Set)
Plant Trees (Resets)
Travel/Setup Charge
Grove Management Charge/Month:
Supervising Grove Care Operations
Handling Fruit Marketing
Supervising/Handling Chemicals/Fertilizer

Charge for personnel to oversee harvesting
operations and coordinate harvest in different
blocks/groves and keeping of harvesting labor
compliance records.

Consulting


Hour
Hour


320.00 5 to 15 A/H bed tops only; add 25% for furrows only
360.00 12 to 30 A/H-bed tops only; 8 to 20 acres bed top
\and furrow; depending on wood


Hour 115.00- 175.00 145.00 2-5 acres/hour depending on wood size
Hour 265.00- 285.00 275.00 Avg. 8-15 A depending on wood size type of
cut;$25/A
Hour 550.00 15 to 30 A flattop cut from bed tops annual maint. cut
Acre 13.00 3 to 5 acres/hour
Hour 120.00 6 to 20 acres/hour


Hour 45.00- 55.00 52.00
Hour 32.00- 45.00 37.85


15 -45 /tree depending on type of wrap and number of trees; Annual maintenance cost:
25C/tree
Tree $0.90- $ 1.50 $1.10 Varies as to density
Tree 2.00- 3.25 2.42 Varies as to the number of resets


Hour


25.23


Acre 3.25- 8.00 4.78 In addition to caretaking charges
$0.10-$0.25/box For Supervising and Marketing fruit
10% to 20% of materials cost


Box $ 0.10- $0.25


$0.17


Hour $85.00 $200.00 $136.00 Horticultural Evaluation and/or Financial
Analysis/prospectus.


Total Reported Acreage Provided Grove Service to: Acre


600- 8,000


2,922 Total acres reporting: 26,298


Source: Ronald P. Muraro, Extension Farm Management Economist, Lake Alfred CREC, July 2004


zPlus materials. Caretakers reporting rates include labor, tractor and sprayer; supply truck included by most caretakers.
YCalculated by dividing total number of caretakers reporting rate into sum reported. Unless otherwise stated, labor included with all charges.
xLow acres is for 2 years -._ *..-. i _1.1-.;, high acres is for annual maintenance hedging.











Table 9-A.--2004 summary of average chemical price estimates


Item
Fungicides: Abound EC
Aliette 80WP
Basic Copper Sulfate
Copper Hydroxide
Copper (Kocide 101)
Copper (Kocide 2000)
Copper (Champ II Flowable)
Cuprofix Disperss
Nu-Cop 50 DF
Enable
Gem 25
Headline EC
Oil 435 or 455
Oil 470 (Bio-lever)
Ridomil Gold EC
Topsin
Insecticides/Nematicides:
Admire 2F
Agri-Mek (0.15EC)
Carbaryl 4L
Carbaryl 80S
Chlorpyrifos 4E
Clinch Fire Ant Bait
Danitol
Guthion 2L
Guthion 50WP
Imidan 70W (Diaprepes)
Lorsban 4EC
Lorsban 15G
Malathion 5 EC
Micromite 25 WS
Micromite 80 WG
Microthiol
Nexter 75WP
Sevin 80S
Sevin XLR
Sulphur 6F
Temik 15G
Vendex 50W


Your Price
(2004)


Unit
gallon
pound
pound
pound
pound
pound
gallon
pound
pound
gallon
40 ounces
gallon
gallon
gallon
gallon
pound

gallon
gallon
gallon
pound
gallon
pound
gallon
gallon
pound
pound
gallon
pound
gallon
pound
gallon
pound
pound
pound
gallon
gallon
pound
pound


Average
Price
196.38
10.16
1.20

1.58
2.07
21.80
1.79
1.78
51.60
103.33
182.52
2.05
2.35
591.67
13.40

454.00
526.67
26.55
4.46
50.18
8.63
129.38
29.96
8.19
7.50
30.82
1.74
21.66
29.00
82.25
0.58
85.16
4.59
26.62
3.10
2.96
14.25










Table 9-A.--2004 summary of average chemical price estimates (continued)


Item
Herbicides: Aqua Master
Diuron 4L
Direx 4L
Direx 80 DF
Fusilade DX 2E
Glyphosate:
Glyphomax Plus
Roundup (Original)
Roundup Ultra Max
Touchdown
Gramoxone E (Paraquat)
Hyvar X 80 WP
Karmex 80 DF
Krovar I
Landmaster II
Mandate 2E
Pendimax
Poast Plus 1.0 EC
Princep (Caliber 90)
Princep 4L
Prowl
Simazine 90 DF
Simazine 4L
Solicam 80 DF
Simtrol
Surflan
Growth Regulators:


Unit
gallon
gallon
gallon
pound
gallon


gallon
gallon
gallon
gallon
gallon
pound
pound
pound
gallon
gallon
gallon
gallon
pound
gallon
gallon
pound
gallon
pound


gallon


Average
Price
42.53
16.13
14.23
3.06
117.67


15.25
22.25
29.37
33.17
34.92
16.98
3.37
10.10
17.39
161.53
22.73
52.39
3.05
13.22
21.48
2.66
12.87
13.77
18.00
76.53


Your Price
(2004)


Citrus Fix gallon 457.00
Pro-Gibb 3.91% 20-ounce bottle 30.79
Tree-Hold gallon 79.17
Other Spray Materials:
Borates (15%) pound 0.68
Manganese (32%) pound 0.31
Zinc (78%) pound 0.79
Adjuvant (Surfactant) gallon 22.50
Source: Ronald P. Muraro, Extension Farm Management Economist, University of Florida,
IFAS, CREC, Lake Alfred, Florida, August 2004.









Table 10-A.--2004 summary of average fertilizer price estimates


Average Your Price
Item Unit Price (2004)


FERTILIZER (FOB Price @ Plant)
$
Dry Mix (Bulk)
17-0-17-3Mg ton 196.99
17-4-17-2.4M ton 200.79
16-0-16 ton 181.72
16-0-16-4M ton 200.13
16-2-16-3Mg ton 198.99
15-2-15-2.4M ton 183.26
12-2-12-2.4M ton 176.29
8-8-8 w/minors* ton 169.82
8-4-8 w/minors* ton 155.77
8-2-8 w/minors* ton 141.94
6-6-6 w/minors* ton 150.77

Liquid Mix (Bulk)
8-2-8 ton 126.89
8-4-8 ton 126.55
9-3-9 ton 130.31
9-4-9 ton 138.77
10-0-10 ton 139.81
10-2-10 ton 141.62
12-0-6 ton 143.28
12-3-6 ton 150.88


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









Table 10-A.--2004 summary of average fertilizer price estimates (continued)


Average Your Price
Item Unit Price (2004)

Other Fertilizer Materials (Bulk)
Ammonium Nitrate (21% N Liquid) ton 168.83
Ammonium Nitrate (33.5% N Dry) ton 235.60
Ammonium Sulfate (21% N) ton 147.92
Calcium Nitrate (19% Ca, 15.5% N) ton 223.85
Dolomite (at mine--49% CaCO3, 36% MgCO3) ton 15.90
Muriate of Potash (60% K20) ton 183.78
Potassium Nitrate (14% N; 46% K20) ton 370.75
Sul-Po-Mag (SPM--21.9% K20) ton 183.33
Super Phosphate (20% P205) ton 204.17
Triple Superphosphate (48% P205) ton 225.36
Average Delivery Cost ton 12.78

Foliar Macronutrients
Phos Might 0-22-20 gallon 24.87
Nutriphite Magnum 2-40-16 gallon 30.00
MKP (0-52-34) (Mono-Potassium Phosphate) pound 0.65


**SRN, Slow Release Nitrogen

Source: Ronald P. Muraro, Extension Farm Management Economist, University of Florida,
IFAS, CREC, Lake Alfred, Florida, August 2004.










Table 11-A.--A listing of estimated comparative Indian River citrus production costs per acre for grapefruit, 2003-2004z

Low Cost Processed Processed and Typical/Historical
Costs represent a mature (10+ years old) Cultural Program Reduced Fresh Cost Fresh Fruit
Indian River Grapefruit Grove One Year Cultural Program Cultural Program
Alternative
PRODUCTION/CULTURAL COSTS:y
Weed Management/Control:
Mechanical Mow Middles (3 times per year) $ 29.73 $ 29.73 $ 29.73
Chemical Mow Middles (2 times per year) 11.24 11.24 11.24
General Grove Work (2 labor hours per acre) 25.34 25.34 25.34
Herbicide (1/2 tree acre treated):
Application (6 glyphosate or 3 residual applications) $73.26 $36.63 $36.63
Material 48.48 88.89 88.89
Total Herbicide Cost 121.74 125.52 125.52
Spray:
Post Bloom: Application (150 GPA) 28.67 28.67
Material 56.87 56.87
Total Post Bloom Cost 85.54 85.54
Summer Oil #1: Application (250 GPA) 28.67 28.67 28.67
Material 60.42 62.54 62.54
Total Summer Oil #1 Cost 89.09 91.21 91.21
Summer Oil #2: Application (PTO -- 250 GPA) 28.67 28.67 28.67
Material 29.42" 20.54 20.54
Total Summer Oil #2 Cost 58.09 49.21 49.21
Fertilizer (Bulk): 3 Applications 21.87 21.87 21.87
Material (12-2-12-2.4 MgO @ 125 lbs N
and 100 lbs N per acre) 100.78 80.91 100.78
Total Fertilizer Cost 122.65 102.78 122.65
Dolomite (one ton applied every 3 years)
Material/Application 12.54 12.54 12.54
Pruning: Topping ($27.50/A + 2 yrs)" 13.75 13.75 13.75
Hedging ($24.50/A 1.5 yrs)" 16.33 16.33 16.33
Chop/Mow Brush after Hedging
($8.52/A + 1.5 yrs)' 5.68 5.68 5.68
Raise Skirts of Trees ($13.00/A + 2 yrs)" 6.50 6.50
Total Pruning Cost 35.76 42.26 42.26
Tree Replacement 1 thru 3 years of age: (5 trees/acre)
Remove Trees: Pull, Stack & Burn 5 Trees with
Front-end Loader 23.70 23.70 23.70
Prepare Site and Plant Tree (Includes 5 reset trees) 59.55 59.55
Supplemental Fertilizer, Tree Wraps Maintenance,
Sprout, etc. (Trees 1-3 years old) 31.05 46.20 46.20
Total Tree Replacement Cost 54.75 129.45 129.45
Irrigation: Microsprinkler System" 152.07 152.07 152.07
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) 12.71 12.71 12.71
Total Irrigation Cost 192.59 192.59 192.59
IRRIGATED PROCESSED FRUIT PRODUCTION COSTS $753.52 $897.41
Supplemental Post Bloom Spray: (2 Applications)
Application (125 GPA) 49.70 49.34
Material (Copper) 19.60 18.48
Total Supplemental Post Bloom Spray Cost 69.30 67.82
Fall Miticide Spray: Application (125 GPA) 20.42 24.67
Material 32.72 31.36
Total Fall Miticide Spray Cost 53.14 56.03
IRRIGATED FRESH FRUIT PRODUCTION COSTS $1,019.85 $1,041.13

zEstimated comparative costs are for example grove situation described in Economic Information Series, Budgeting Costs and Returns for
Indian River Citrus Production, and may not represent your particular grove situation in Indian River.

SOURCE: Ronald P. Muraro, University of Florida-IFAS, Citrus Research and Education Center, Lake Alfred, FL, August 2004.








Table 12-A.--Estimated cost of planting and maintaining a reset citrus tree through three years
of age, July 2004
Number of Resets/Replacement Trees Per Acre
1-2 3-5 6-10 11-25 26+
------------------ Cost Per Tree ------------

Year #1: $ $ $ $ $
Tree Removal 5.45 4.74 3.79 3.07 2.45
Tree Cost (Container Tree) 4.50 4.50 4.35 4.25 4.25
Site Preparationa 5.71 4.95 4.19 3.88 3.04
Plant Tree and First Watering 2.84 2.46 2.08 1.93 1.51
Total Planting Cost 13.05 11.91 10.62 10.06 8.80
Supplemental Fertilization -4 Times
(Application & Materials) 1.37 1.20 1.10 1.00 0.92
Supplemental Spraying
(Application & Materials)b 0.48 0.41 0.38 0.35 0.32
Spot Herbicide (Application & Materials) 0.21 0.18 0.16 0.14 0.13
Tree Wrap (Corrugated) 1.00 1.00 1.00 1.00 1.00
Sprouting/Pruning 0.42 0.42 0.39 0.39 0.35
Miscellaneous 0.17 0.16 0.15 0.14 0.14
Supervision & Overhead 0.27 0.25 0.24 0.23 0.21
Total Tree Care Cost Year #1 3.92 3.62 3.42 3.25 3.07
Total Cost Year #1 22.42 20.27 17.83 16.38 14.32
Year #2:
Supplemental Fertilization -3 Times
(Application & Materials) 1.81 1.61 1.41 1.19 1.09
Supplemental Spraying
(Application & Materials)b 0.55 0.49 0.43 0.36 0.33
Spot Herbicide (Application & Materials) 0.20 0.18 0.16 0.14 0.13
Sprouting/Pruning 0.50 0.50 0.42 0.42 0.38
Miscellaneous 0.15 0.14 0.12 0.11 0.10
Supervision & Overhead 0.24 0.20 0.19 0.17 0.15
Total Cost Year #2 3.45 3.12 2.73 2.39 2.18
Year #3:
Supplemental Fertilization -3 Times
(Application & Materials) 2.48 2.21 1.90 1.62 1.37
Miscellaneous 0.12 0.11 0.09 0.08 0.07
Supervision & Overhead 0.20 0.17 0.15 0.13 0.11
Total Cost Year #3b 2.80 2.49 2.14 1.83 1.55
Total Three-Year Cumulative Costs 28.67 25.88 22.70 20.60 18.05

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, July 2004.










Table 13-A.--Estimated average picking, roadsiding and hauling charges for Florida citrus, 2003-04

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


0.80

0.80

0.60

0.60

0.85

1.35


- 1.00

- 1.00

- 0.85

- 0.70

- 1.25

- 1.75

Fresh Fruit


Range

$/Box


Roadsiding Charges:

Early and Mid-Season Oranges

Valencia Oranges

Pink/Red Grapefruit

White/Marsh Grapefruit

Temples/Tangelos

Tangerines


0.70

0.75

0.65

0.65

0.75

1.12


0.840

0.840

0.658

0.633

0.950

1.563


Average

$/Box


- 1.06

- 1.06

- 0.87

- 0.85

- 1.11

- 1.21

Fresh Fruit

All Varieties

$/Box


0.860

0.868

0.766

0.743

0.938

1.155


0.65

0.65

0.55

0.55

0.70


- 0.95

- 0.95

- 0.70

- 0.70

- 1.25


0.772

0.791

0.590

0.590

0.851


Processed Fruit

Range Average

$/Box $/Box


0.65

0.65

0.55

0.55

0.75


- 1.07

- 1.07

- 0.66

- 0.66

- 1.07


0.801

0.817

0.620

0.620

0.833


Processed Fruit

All Varieties

$/Box


Hauling Charges:

0 30 miles

31 50 miles

51 80 miles

81 100 miles

100 + miles


0.410

0.460

0.553

0.625

0.687


0.392

0.457

0.530

0.570

0.625










Table 14-A.--Estimated average packing charges for Florida citrus, 2003-04

Domestic Export Temples/
Grapefruit Grapefruit Oranges Tangelos Tangerines

-------------------------/Carton-------------------------

Total Packing Chargea 3.636 3.741 3.993 4.026 4.795

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

Drenching Charge 0.158 0.158 0.173 0.173 0.173

Packinghouse Elimination 0.523 0.523 0.544 0.544 0.544
Charges

Hauling Charges for 0.423 0.423 0.496 0.496 0.496
Eliminations

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; repairs maintenance;
miscellaneous supplies; etc.
4. Indirect packing costs include items such 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. Selling Expenses include sales salaries, travel, telephone and telegraph and brokerage fees.
7. Special assessments include items such 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.


Source:


Ronald P. Muraro, University of Florida-IFAS, Citrus Research and Education Center,
Lake Alfred, FL, August 2004.









Table 15-A.--Historic prices" for selected citrus varieties

Variety


Seedless Grapefruite


"On-tree average price per box (1-3/5 bushel box equivalent) for all methods of sale minus pick and haul charges.
bNavel and Hamlin 'Parson Brown and Pineapple dValencia eMarsh (white) or pink 'Preliminary
Source: Florida Agricultural Statistics Service.


Crop year
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
2001-02
2002-03'


Early and
Mid'-season
Oranges

$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

2.88
2.81


Late Season
Orangesd

$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

4.20
3.95


Temple
Oranges

$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

2.19
2.35


All
Tangerines

$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

7.81
8.53


Tangelos

$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

2.47
3.23


(white)
$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
1.96
1.62


(colored)
$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

2.54
2.49









Table 16-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%


926
1,783
2,577
3,312
3,993
4,623

5,206
5,747
6,247
6,710
7,139
7,536

7,904
8,244
8,559
8,851
9,122
9,372

9,603
9,818
10,675
11,258
11,655
11,925


922 917
1,771 1,759
2,554 2,531
3,276 3,240
3,941 3,890
4,554 4,486

5,119 5,033
5,639 5,535
6,119 5,995
6,561 6,418
6,969 6,805
7,345 7,161

7,691 7,487
8,010 7,786
8,304 8,061
8,576 8,313
8,825 8,543
9,056 8,756

9,268 8,950
9,463 9,129
10,234 9,823
10,747 10,274
11,088 10,567
11,315 10,757


913 909
1,747 1,754
2,509 2,487
3,204 3,170
3,840 3,791
4,420 4,355

4,950 4,868
5,433 5,335
5,875 5,759
6,279 6,145
6,647 6,495
6,984 6,814

7,291 7,103
7,572 7,367
7,828 7,606
8,062 7,824
8,276 8,022
8,471 8,201

8,650 8,365
8,812 8,514
9,438 9,077
9,835 9,427
10,087 9,644
10,247 9,779


905
1,724
2,465
3,136
3,743
4,292
4,789
5,239
5,646
6,015
6,348
6,650

6,923
7,170
7,394
7,596
7,779
7,945

8,095
8,231
8,739
9,047
9,234
9,348


901 897
1,713 1,701
2,444 2,423
3,102 3,070
3,696 3,650
4,230 4,170

4,712 4,640
5,146 5,056
5,537 5,431
5,889 5,768
6,207 6,070
6,492 6,341

6,750 6,583
6,982 6,801
7,191 6997"
7,379 7,172
7,549 7,329
7,702 7,470

7,839 7,596
7,963 7,710a
8,422 8,123
8,868 8,364
8,855 8,503
8,951 8,587


893
1,690
2,402
3,037
3,605
4,111

4,564
4,968
5,328
5,650
5,938
6,194

6,424
6,628
6,811
6,974
7,119
7,250

7,366
7,469
7,843
8,055
8,175
8,244


889
1,679
2,381
3,006
3,561
4,054

4,492
4,882
5,228
5,536
5,810
6,054

6,270
6,462
6,633
6,785
6,920
7,040

7,146
7,241
7,579
7,766
7,870
7,928


885 881 877 873
1,668 1,657 1,647 1,636
2,361 2,341 2,322 2,302
2,974 2,944 2,914 2,884
3,517 3,475 3,433 3,392
3,998 3,942 3,889 3,836

4,423 4,355 4,288 4,224
4,799 4,718 4,639 4,562
5,132 5,038 4,946 4,858
5,426 5,319 5,216 5,116
5,687 5,568 5,453 5,341
5,918 5,787 5,660 5,538

6,122 5,979 5,842 5,710
6,302 6,149 6,002 5,861
6,462 6,299 6,142 5,992
6,604 6,431 6,265 6,106
6,729 6,547 6,373 6,207
6,840 6,649 6,467 6,294

6,938 6,739 6,551 6,370
7,025 6,819 6,623 6,437
7,330 7,095 6,873 6,663
7,496 7,242 7,003 6,778
7,586 7,320 7,070 6,836
7,634 7,361 7,105 6,866


870
1,626
2,283
2,855
3,352
3,784

4,160
4,487
4,772
5,019
5,234
5,421

5,583
5,724
5,847
5,954
6,048
6,128


6,198
6,259
6,464
6,566
6,617
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).