• TABLE OF CONTENTS
HIDE
 Front Cover
 Abstract
 Table of Contents
 List of Tables
 Introduction
 The grove situation
 Budget costs and returns
 Historical cost trends
 Reference
 Addenda














Group Title: Budgeting costs and returns for Indian River citrus production ...
Title: Budgeting costs and returns
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Permanent Link: http://ufdc.ufl.edu/UF00026156/00028
 Material Information
Title: Budgeting costs and returns
Series Title: Economic information report
Alternate 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., Cooperative Extension Service
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
Publication Date: 2000-2001
Copyright Date: 2001
Frequency: annual
regular
 Subjects
Subject: 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 )
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Additional Physical Form: Electronic reproduction of copy from George A. Smathers Libraries, University of Florida also available.
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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Bibliographic ID: UF00026156
Volume ID: VID00028
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: ltqf - AAB7750
notis - ABU0054
alephbibnum - 000313321
oclc - 08042665
lccn - sn 82000632

Table of Contents
    Front Cover
        Front cover
    Abstract
        Page i
    Table of Contents
        Page ii
    List of Tables
        Page iii
    Introduction
        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
    Reference
        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

Iz c-o/ Ronald P. Muraro
: John W. Hebb
Ed W. Stover


Economic Information
Report El 01-07


MAY 0 2 2002


NARSTON SCIENCE LIBRARY


Budgeting Costs and Returns
for Indian River Citrus
Production, 2000-01


Pa


iV UNIVERSITY OF
!)FLORIDA
Institute of Food and Agricultural Sciences
Food and Resource Economics Department
Florida Agricultural Experiment Stations
Florida Cooperative Extension Services
Gainesville, Florida 32611


October 2001


1'1 I













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 counties.

The budgeted cost information presented herein is the most current available. The budget
cost items have been revised to reflect current grove practices being used by growers--e.g.,
chemical mowing, different spray materials and rates of fertilization, microsprinkler
irrigation, more reset trees, etc. Thus the 2000-01 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 and a 10 percent handling
and supervision charge is added to the material cost.

Although the estimated annual per acre grove costs listed are representative for a mature
citrus grove (10+ years old), the grove care costs for a specific grove site may differ
depending upon the tree age, tree density and the grove practices performed; e.g., spot
herbicide for grass/brush regrowth under trees could add an additional $16.05 per acre;
Diaprepes control could add $69.54 per acre for soil biological control application and
$73.20 per acre for each foliar application; extensive tree loss due to blight or tristeza could
substantially increase the tree replacement and care costs; spray applications to control citrus
leafminer and nematicide applications such as Temik ($130.32/acre) could increase the total
cultural costs per acre above the average costs shown in the comparative budgets; travel and
set-up costs may vary due to size of the citrus grove and distance from grove equipment barn
and could add $25.98 per acre; etc.


ACKNOWLEDGEMENTS


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

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

A BSTRA CT ...... .................. ... .. . .................................. 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 ............................................ .. 5

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

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


NOTE: The ADDENDA include a Listing of Grove Care Options for Indian
River Citrus Production for Both Round Oranges and Grapefruit; 2001
custom rate summary report; cost of establishing a citrus grove; etc.
Page 12 is a list of 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, 2000-01 .............................................. 3

2 Calculation of normal production per acre, 2000-01 .......................... 4

3 Estimated annual per acre costs and returns for a mature, white seedless grapefruit
grove producing for the fresh market, Indian River area, 2000-01 ............... 6

4 Estimated total delivered-in cost for Indian River White grapefruit grown for the
processed juice market under three cultural cost programs, 2000-01 ............. 7

5 Estimated F.O.B. cost for fresh market Indian River White grapefruit, 2000-01 .... 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, 1996-97-2000-01 .................................. 9

7 Estimated annual per acre costs and returns and 5-year average costs and returns
(adjusted to 2001 dollars) for a mature, white seedless grapefruit grove producing
citrus for fresh fruit market in the Indian River area, 1996-97-2000-01 ........... 10









BUDGETING COSTS AND RETURNS FOR INDIAN RIVER
CITRUS PRODUCTION, 2000-01


Ronald P. Muraro, John W. Hebb and Ed W. Stover


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 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 Ft. 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. Growers' costs are
shown in the ADDENDA, Table 1-A through 7-A. The custom rate costs are shown in Table 8-A and
the various chemical and fertilizer costs are shown in Table 9-A and 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.
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 is a Professor of Food and Resource Economics and Extension Farm
Management Economist stationed at the Citrus Research and Education Center, Lake Alfred. JOHN
W. HEBB is Extension Agent, Citrus in St. Lucie County, Ft. Pierce. ED W. STOVER is Extension
Horticulturist at the Indian River Research and Education Center, Ft. Pierce.








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 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 4.5 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; and
7. Custom-caretaker is providing grove management.



As a result of tree losses and replacement, the tree ages will vary. 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, 2000-01O

Month


Total revenue:


Less: Pick & haul cost

DOC advertisement tax


Jan Feb Mar Apr May Jun

20% Final
deposit payment

X

X


Jul Aug Sep Oct Nov Dec


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

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








% of
grove
4.5%
4.5%
4.5%
4.5%
4.5%
49.5%
4.5%
23.5%


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


Boxes/tree
0.0
0.0
0.0
1.0
1.7
5.5
3.0
6.3


Calculation of normal production per acre is shown in Table 2. Note that the proportion-of-trees-
by-age column only adds to 86.5 percent since 13.5 percent of the trees are non-bearing.


Table 2.--Calculation of normal production per acre, 2000-01

Boxes Total
Age of Tree Trees /tree boxes
Total no. Proportion No. ea.
all ages ea. age' age ----- No. -----
S3 years 95 x 0.045 = 4.3 x 1.0 = 4.3
4 years 95 x 0.045 = 4.3 x 1.7 = 7.3
5-15 years 95 x 0.495 = 47.0 x 5.5 = 258.5
Prod. 50% of
exp. yield 95 x 0.045 = 4.3 x 3.5 = 15.1
Over 15 years 95 x 0.235 = 22.3 x 6.3 = 140.5
Total boxes = 425.7
'Proportion adds up to 0.865 (86.5 percent) as 13.5 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 are shown in Table
3. The budgeted costs represent one possible 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 2000-01 season. Historical on-tree prices
for selected Florida citrus varieties are shown in Table 14-A of the ADDENDA.







As shown in Table 3, the total revenue for fresh-market white seedless grapefruit is estimated to
be $1,381.25 per acre. Total specified costs are $1,022.46 and are comprised of grove care costs of
$974.46, plus management cost of $48.00. Return to land, trees, and ownership, which represents net
return above variable costs, was estimated to be a $129.96 per acre loss. At 325 and 525 boxes per
acre, respectively, the break-even price required to cover grove care costs for seedless white grapefruit
ragge from $3.00 to $1.86 per box on-tree and $1.36 to $1.11 per pounds solids delivered-in for
eliminations.
Ad valorem taxes, and overhead and administrative costs (such as water drainage district taxes,
crop insurance, and other grower assessments) can add up to 12 percent of the total grove care costs.
These costs vary from grove to grove depending on age, location, variety of fruit, etc. and should be
considered in arriving at a net return to land, trees, and ownership (total return minus total costs).
Harvest costs (pick, roadside, and hauling costs) also add to the total fruit cost delivered to either a
processing plant or fresh fruit packinghouse. Also, average annual debt payment (principal and
interest) may be as high as $460 per acre ($3,900 average debt per acre @ 10 percent interest amortized
over 20 years) which would reduce total available cash for grove expansion or other investment.
Estimated "delivered-in" costs are shown for fresh packed white grapefruit 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 (Refer to Table 13-A): 1) Low Cost
Processed Cultural Program; 2) Processed and Reduced Cost Fresh Cultural Program; and 3)
Typical/Historical Fresh Fruit Cultural Program. The first scenario represents costs of a cultural
program directed toward reducing the 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.
And the third scenario represents typical costs of grove practices which 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 modifying a grove management program to reduce costs, an
evaluation of the market program (processed or fresh). yield. and specific cultural problems (nutrition,
disease, etc.) 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 1996-97 through 1999-00 along with 2000-01, and a five-year average are presented in Table 6.
The affects 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 2001 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, 2000-01'

Item Description Amount Your cost


I. Revenue

n. Expenses*
Weed control
Mow middles
Chemical mow (Table 2-A, Option #9)
General grove work/sprouting
Herbicide (Table 2-A, Options #1, #6 & #7)
Spray program (Table I-A, Options #2, #3, #6 & #13)
Fertilizer (Table 3-A, Option #2)
Dolomite (Table 7-A, Option #1)
Pruning (maintenance)
Topping
Remove brush from trees
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
III. Management
IV. Total specified costs'
V. Return (loss) to land, trees, and ownership
VI. Break-even price for total grove care expenses
Boxes per acre


325 375


3.00


425

$ On-tree price per box
220


425 boxes @ $2.10b


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





($253.33/hr. 9 A/hr.) + 2 yrs.
($23.92/A + 2 yrs.)
($238.33/hr. + 10 A/hr.) 1.5 yrs.
($8.00/A + 1.5 yrs.)
($15.60/A + 2 yrs.)
(1 through 3 years)
4 trees per acre
Including 4 trees per acre
Including application


Dollars

892.50


27.48
16.74
24.20
136.91




14.08
11.96
15.89
5.33
7.80

19.92
46.32
35.56


$4.00 per acre per months


205.33
309.16
104.06
11.52





55.06



101.80
150.62
36.91
974.46
48.00


(129.96)


Boxes per acre
325 375 425 475 525

$ Delivered-in price per pound solids for eliminations'
6 '^ I ,,T 1 1 1


.......... . *- I.. 1.21 1.l1 1.10 1.11
'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 eg., a Temik application would add $130.32 per acre; extensive tree loss due to blight or tristeza may double the tree replacement and care costs; travel and set-up costs may vary due to size of citrus
grove and distance from grove equipment barn; etc.; truck watering of resets could add another $7.95 per acre (average 5 waterings). Also, material cost for brown citrus aphid control could add $10.22 per spray application.
On-tree price per box is preliminary; assumes average of all methods of sale (fresh and processed). Also, the severe drought affected yields for the 2000-01 season.
'Assumes material custom applied; therefore, a 10 percent handling and supervision charge is added to material cost.
Other methods to estimate a management cost-e.g., 5% of gross sales or 10% of total grove care costs-are used in the industry. Other methods will give a different return to land and trees than reported here.
'Other 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
'Assumes4.7 pounds solids per box, 2.37 pick and haul cost per box(includes spot picking and friit drenching plus D.O.C.030 advertisingtax 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, 2000-01

Represents a mature (10+ years old) r W r frt Fresh Packed White Grapefruit Fresh Packed White Grapefruit
Indian River White Grapefruit Grove Processed White Grapefruit Reduced Cost Typical/Historical
Cultural ProgramProgram Cultural Program
Cultural Program Cultural Program


Total Production/Cultural Costs

Interest on Operating (Cultural) Costs

Management Costs

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

Total Taxes/Regulatory Costs

Total Direct Grower Costs

Interest on Average Capital Investment Costs

Total Grower Costs

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

Total Harvesting and Assessment Costs


Total Delivered-In Cost


$/Acre

$ 769.14


$/Box

$1.810


$/P.S.

$0.3851


38.46 0.090 0.0165

48.00 0.113 0.0240


44.80
60.00

27.72

132.52

$988.12

389.85

$1,377.97



743.75

127.50

871.25

$2,249.22


0.105
0.141

0.065

0.427

$2.440

0.831

$3.271


0.0203
0.0300

0.0139

0.0642

$0.4898

$0.1769

$0.6667


1.750 0.3723

0.300 0.0638

2.050 0.4362

$5.321 $1.1028


$/Acre

$ 958.27

47.91


$/Box

$2.255

0.113


$/Carton

$1.1274

0.0564


48.00 0.113 0.0565


44.80
60.00
49.30
27.72

181.82

$1,236.00

389.85

$1,625.85


807.50
72.25
148.75

1,028.50

$2.654.35


0.105
0.141
0.116
0.065

0.427

$2.948

0.917

$3.865


1.900
0.170
0.350

2.420

$6.285


0.0527
0.0706
0.0580
0.0326

0.2139

$1.4541

0.4585

$1.9126



0.9500
0.0850
0.1750

1.2100

$3.1226


$/Acre

$ 974.46

48.72


$/Box

$2.293

0.115


$/Carton

$1.1464

0.0573


48.00 0.113 0.0565


44.80
60.00
49.30
27.72

181.82

$1,253.00

389.85

$1,642.85


807.50
72.25
148.75

1,028.50

$2.671.35


0.105
0.141
0.116
0.065

0.427

$2.948

0.917

$3.865


0.0527
0.0706
0.0580
0.0326

0.2139

$1.4741

0.4585

$1.9326


1.900 0.9500
0.170 0.0850
0.350 0.1750

2.420 1.2100

$6.285 $3.1426


Two cartons per box Refer to cultural program shown Refer to cultural program shown on Refer to cultural program shown in
P.S. = Pound Solids on Table 13-A. Table 13-A. Table 3.
Yield: 425 boxes/acre @ 4.7 P.S. per box
95 trees per acre Two summer oil sprays with oil, Assumes 100% packout Assumes 100% packout
copper, and Agri-Mek.








8

Table 5.--Estimated F.O.B. cost for fresh market Indian River White grapefruit 2000-01

Percent Packout 50.00% Percent Packout 60.00% Percent Packout 70.00%
Box Yield Per Acre 425 Box Yield Per Acre 425 Box Yield Per Acre 425
Per Per Per
Packed Packed Packed
Per Acre Box Per Carton Per Acre Box Per Carton Per Acre Box Per Carton

Total Production/ !i,
Cultural Costs $974.46 $4.586 $2.2928 $974.46 $3.821 $1.9107 $ 974.46 $3.275 $1.6377

Interest on Operating
(Cultural) Costs 48.72 0.229 0.1146 48.72 0.191 0.0955 48.72 0.164 0.0819

Management 48.00 0.226 0.1129 48.00 0.188 0.0941 48.00 0.161 0.0807

Taxes/Regulatory 181.82 0.856 0.4278 181.82 0.713 0.3565 181.82 0.611 0.3056

Interest on Average
Capital Investment 389.85 1.835 0.9173 389.85 1.529 0.7644 389.85 1.310 0.6552

Harvesting (Pick/Spot
Pick, Haul, DOC Tax,
Etc.) 1028.50 4.840 2.4200 1028.50 4.033 2.0167 1.028.50 3.457 1.7286

Total Delivered-In Cost $2,671.35 $12.571 $6.2855 $2,671.35 $10.476 $5.2379 $2,671.35 $8.979 $4.4897

Packing & Selling (Export) 1,608.63 7.570 3.7850 1,930.35 7.570 3.7850 2,252.08 7.570 3.7850

Net Fresh Eliminations
Costs' -456.66 -2.149 -1.0745 -365.33 -1.433 -0.7163 -274.00 -0.921 -0.4605

Total F.O.B. Costs $3823.32 $17.992 $8.9960 $4236.37 $16.613 $8.3066 9.43 $15.628 $7.8142

Percent Packout 80.00% Percent Packout 90.00% Percent Packout 100.00%
Box Yield Per Acre 425 Box Yield Per Acre 425 Box Yield Per Acre 425
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 $974.46 $2.866 $1.4330 $974.46 $2.548 $1.2738 $974.46 $2.293 $1.1464

Interest on Operating
(Cultural) Costs 48.72 0.143 0.0717 48.72 0.127 0.0637 48.72 0.115 0.0573

Management 48.00 0.141 0.0706 48.00 0.125 0.0627 48.00 0.113 0.0565

Taxes/Regulatory 181.82 0.535 0.2674 181.82 0.475 0.2377 181.82 0.428 0.2139

Interest on Average
Capital Investment 389.85 1.147 0.5733 389.85 1.019 0.5096 389.85 0.917 0.4586

Harvesting (Pick/Spot
Pick, Haul, DOC Tax,
Etc.) 1.028.50 3.025 1.5125 1,028.50 2.689 1.3444 1,028.50 2.420 1.2100

Total Delivered-In Cost $2,671.35 $7.857 $3.9285 $2,671.35 $6.984 $3.4920 $2,671.35 $6.286 $3.1428

Packing & Selling (Export) 2,573.80 7.570 3.7850 2,895.53 7.570 3.7850 3,217.25 7.570 3.7850

Net Fresh Eliminations
Costs" -182.67 -0.537 -0.2686 -91.33 -0.239 .0.1194 0.00 0.000 0.0000

Total F.O.B. Costs $5.062.49 $14.890 $7.4448 $5.475.55 $14.315 $7.1576 $8 $13.856 $6.9278

"'Net Eliminations Cost" equals the average yield of 4.70 pound solids per box times $0.67 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, 1996-97-2000-01


On-tree Gross Total grove Total specified Net return to land,
Year price/boxa Yield revenue care expenses costs" trees, and ownership
-------- --------------------- Dollars -- ------------------------.. --
1996-97 $1.52 457C 694.64 935.12 983.12 (288.48)

1997-98 $0.93 457C 425.01 926.17 974.17 (549.16)

1998-99 $1.95 469' 914.55 922.55 970.55 (56.00)

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

2000-01 $2.10b 425d 892.50 974.46 1,022.46 (129.96)

5-yr. avg. $2.14 455 973.70 941.95 989.95 (16.25)

"On-tree prices for all sales methods as reported by the Florida Agricultural Statistics Service.
bPreliminary estimate by authors at time of printing and is not a published price.
"Higher per acre yield is due to increased average tree density of white grapefruit groves in the Indian River production region.
dThe severe drought affected yields for the 2000-01 season.
*A 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 2001 dollars) for a mature, white
seedless grapefruit grove producing citrus for fresh fruit market in the Indian River area, 1996-97--2000-01


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

1996-97 108.0 $1.64 457 749.48 1,061.77 (312.29)

1997-98 110.8 $1.03 457 470.71 1,079.38 (608.67)

1998-99 109.8 $2.14 469 1,003.66 1,065.66 (62.00)

1999-00 103.8 $4.36 469 2,044.84 1,037.45 1,007.39

2000-01 100.0 $2.10 425 892.50 1,022.46 (129.96)

5-yr. avg. $2.25 455 1,023.75 1,053.00 (29.25)

aProducer price index for each year adjusted to 2001 prices (2001 = 100), with 2001 consumer price index estimated to be 137.8. Producer
price index for other years are: 1997 = 127.6; 1998 = 124.4; 1999 = 125.5; and 2000 = 132.7.

bA management cost of $4.00 per acre per month is included. Fixed costs such as taxes, debt service, and crop insurance are not included.
(Refer to Table 6.)







REFERENCES


1. Citrus Summary 1999-00. Florida Agricultural Statistics Service. Florida Agricultural Statistics.
January 2001.

2. Knapp, J. L. (Ed.). 2001 Florida Citrus Pest Management Guide. Univ. of Fla. Coop. Ext. Svc.
SP 43. Gainesville: Jan. 2001. 76 pp.

3. Muraro, Ronald P. "A Listing of Estimated Comparative Indian River Citrus Production Costs
Per Acre for 2000-01." Lake Alfred Citrus Research and Education Center (CREC) Report.
Lake Alfred, FL: June 2001.

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

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

6. "A Listing of 2001 Custom Rates Reported by Twenty-five Indian River and South
Florida Citrus Caretakers." Lake Alfred CREC Report. Lake Alfred, FL: June 2001.

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

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






12

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

Page
Table 1-A. Spray options .............................. .......... ........ 13
Post bloom spray ............................. .................... 13
Summer spray ................................................ 14
Fall spray ....................................... .............. 15

Table 2-A. Herbicide options .............................................. 16

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

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

Table 5-A. Nematicides options ............................................. 20

Table 6-A. Soil amendment options .......................................... 20

Table 7-A. Irrigation--annual cost per acre ...................................... 21
Drip .............................................. ....... 21
Microsprinkler ................................................ 21
Drainage ditch annual costs ........................................... 21

Table 8-A. A listing of 2001 custom rates reported by twenty-five Indian River and South
Florida citrus caretakers ........................................... 22

Table 9-A. 2001 summary of average chemical price estimates ...................... 24

Table 10-A. 2001 summary of average fertilizer price estimates ....................... 26

Table 11-A. Cost for establishing, planting and maintaining a citrus grove through four
years of age, South Florida flatwoods area ............................. 28

Table 12-A. Estimated cost of planting and maintaining a reset citrus tree through three
years of age, December 2000 ......................................... 29

Table 13-A. A listing of estimated comparative Indian River citrus production costs per
acre, 2000-01 .................................................. 30

Table 14-A. Historic prices for selected citrus varieties ............................. 31

Table 15-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

'The 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.








Table 1-A.--Spray options
POST BLOOM SPRAY


Spray Option #1


Spray Option #2


Spray Option #3


Spray Option #4


Materials/Ingredients

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


Materials/Ingredients
Ethion
Cu (50% metallic)
Oil 97+%

Ground Application
(Curtec sprayer)
Total per Application


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


Materials/Ingredients

Vendex WP
Ground Application
(PTO driven airblast)
Total per Application


Amount
/Acre
15 lbs
5 lbs
10 lbs

250 gals


Your
Cost/Acre


Cost/Acre

$18.60
4.35
3.40
28.42


$54.77


Your
Cost/Acre


Cost/Acre
$22.85
12.40
7.17


Amount
/Acre

5 pts
10 lbs
3 gals
25 GPA


Amount
/Acre
7 lbs
5 gals
250 gals


19.80


$62.22


Your
Cost/Acre


Cost/Acre
$ 8.68
11.95
28.42


$49.05


Amount
/Acre
2 lbs
250 gals


Your
Cost/Acre


Cost/Acre

$33.42
28.42


$61.84


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


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


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


-------------------------------------------------------'---------"--


-----------------------------------------------------------------"'-







Table 1-A.--Spray options (cont'd.)
SUMMER SPRAY

Spray Option #5 Materials/Ingredients
Oil 97+%
Cu (50% metallic)
Ethion 4EC
Ground Application
(engine driven airblast)
Total per Application


Spray Option #6


Spray Option #7


Spray Option #8


Spray Option #9


Materials/Ingredients
Cu (50% metallic)
Oil 97+%
Agri-Mek
Ground Application
(engine driven airblast)
Total per Application


Materials/Ingredients
Cu (50% metallic)
Oil 97+%
Agri-Mek
Ground Application
(engine driven airblast)
Total per Application


Materials/Ingredients
Enable
Oil 97+%
Agri-Mek
Ground Application
(engine driven airblast)
Total per Application


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


Amount
/Acre
5 gals
7 lbs
6 pts
500 gals


Your
Cost/Acre


Cost/Acre
$11.95
8.68
27.42
36.17


$84.22


Amount
/Acre
7 lbs
5 gals
10 ozs
500 gals


Amount
/Acre
7 lbs
10 gals
5 ozs
500 gals


Your
Cost/Acre


Your
Cost/Acre


Cost/Acre
$ 8.68
11.95
45.40
36.17

$102.20


Cost/Acre
$ 8.68
23.90
22.70
36.17


$91.45


Amount
/Acre
8 oz
5 gals
5 oz
500 gals


Your
Cost/Acre


Cost/Acre
$12.83
11.95
22.70
36.17


$83.65


Your
Cost/Acre


----------------------------------------A


Amount
/Acre
7 lbs
5 gals
5 lbs
10 lbs
0.25 lbs
250 gals


Cost/Acre
$ 8.68
11.95
4.35
3.40
1.26
28.42


$58.06


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


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


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








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

SUMMER SPRAY (cont'd.)


Spray Option #10
(Scale insects)


FALL SPRAY

Spray Option #11


Spray Option #12


Spray Option #13


Spray Option #14


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


Materials/Ingredients
Vendex 50WP
Thiolux 80 DF (sulfur)
Ground Application
(PTO driven airblast)
Total per Application


Materials/Ingredients
Kelthane MF
Aerial Application
Total per Application


Materials/Ingredients
Vendex WP
Aerial Application
Total per Application


Materials/Ingredients
Thiolux 80 DF (sulfur)
Aerial Application
Total per Application


Amount
/Acre
5 pts
500 gals


Amount
/Acre
2 lbs
15 lbs
250 gals


Your
Cost/Acre


Your
Cost/Acre


Cost/Acre
$28.90
36.17

$65.07


Cost/Acre
$33.42
9.90
28.42


$71.74


Amount
/Acre
6 pts
15 GPA


Amount
/Acre
2 lbs
15 GPA


Amount
/Acre
15 lbs
15 GPA


Your
Cost/Acre







Your
Cost/Acre


Your
Cost/Acre


Cost/Acre
$26.82
7.50
$34.32


Cost/Acre
$33.42
7.50
$40.92


Cost/Acre
$ 9.90
7.50
$17.40


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


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


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









Table 2-A.--Herbicide options


Herbicide Option #1
(Strip/band)


Herbicide Option #2
(Strip/band)


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


Materials
Surflan A80 DF
Simazine 4L
Roundup Ultra
Ground Application
(1 time)
Total for 1 Application


Amount/
Treated Acre

3 lbs
4 lbs
2 qts


Cost/
Grove Acre"

$23.72
8.84
10.24
12.23


$55.03


Amount/
Treated Acre
2 qts
4 qts
2 qts


Cost/
Grove Acre"
$18.62
7.12
10.24
12.23


$48.21


Herbicide Option #3
(Strip/band)


Herbicide Option #4
(Strip/band)


Materials
Karmex WP
Roundup Ultra
Ground Application
(1 time)
Total for 1 Application


Materials
Solicam 80DF
Simazine 4L
Roundup Ultra
Ground Application
(1 time)
Total for 1 Application


Amount/
Treated Acre
4 lbs
2 qts


Cost/
Grove Acre'
$ 8.84
10.24
12.23


$31.31


Amount/
Treated Acre
4 lbs
4 qts
2 qts


Cost/
Grove Acre"
$31.63
7.12
10.24
12.23


$61.22


"With respect to herbicide materials, Amount Per Grove Acre does not eaual Amount Per Treated
Acre shown on the label as only a strip or band is being treated. In this report, it is assumed that only
50% or one-half of a grove acre is being treated.


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre


--------------------------------I---I------------------ --- -- -------------


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


------------ --------------- ---------------------r--------------------








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


Herbicide Option #5
(Strip/band)


Materials
Roundup Ultra
Ground Application
(1 time)
Total for 1 Application


Amount/ Cost/
Treated Acre Grove Acre"
2 qts $10.24
12.23


$22.47


Herbicide Option #6
(Strip/band)


Herbicide Option #7
(Strip/band)


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


Materials
Roundup Ultra
Princep (Caliber 90)
Ground Application
(1 time)
Total for 1 Application


Amount/
Treated Acre
5 lbs
2 qts


Cost/
Grove Acre'
$29.78
10.24
12.23


$52.25


Amount/
Treated Acre
2 qts
4 lbs


Cost/
Grove Acre'
$10.24
7.16
12.23


$29.63


Herbicide Option #8
(Strip/band)


Herbicide Option #9

(Chemical mow)


Materials
Direx 4L
Solicam
Adjuvant (Surfactant)
Ground Application
(1 time)
Total for 1 Application


Materials

Roundup Ultra
Ground Application
(1 time)
Total for 1 Application


Amount/
Treated Acre
3 qts
3 lbs
2 pts


Cost/
Grove Acre'
$ 7.59
23.72
1.95
12.23


$45.49


Amount/
Treated Acre

1 pt


Cost/
Grove Acre'

$2.56
5.81


$8.37


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 (cont'd.)


Herbicide Option #10

(Chemical mow)


Materials

Roundup Ultra

Ground Application
(1 time)

Total for 1 Application


Amount/
Treated Acre

1.5 pts


Cost/
Grove Acrea

$ 3.84
5.81


$ 9.65


Herbicide Option #11
(Spot treatment for
grass/brush regrowth
under trees)


Materials

Roundup Ultra


Amount/ Cost/
Treated Acre Grove Acre"

2qts $10.24


Ground Application
(1 time)

Total for 1 Application


Your Cost/
Grove Acre


5.81


$16.05


Table 3-A.--Dry fertilizer


Option #1
(100 lbs N/Acre)


Option #2

(125 lbs N/Acre)


Option #3

(162 lbs N/Acre)


options
Analysis/Material
Applied
12-2-12-2.4 MgO
Application
Total for 3 Applications


Analysis/Material
Applied

12-2-12-2.4 MgO

Application

Total for 3 Applications


Analysis/Material
Applied

12-2-12-2.4 MgO
Application

Total for 3 Applications


Your Cost/
Grove Acre


Amount
/Acre
835 lbs
3 times


Amount
/Acre

1040 lbs

3 times


Amount
/Acre

1350 lbs
3 times


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Cost/Acre

$ 65.97
21.90

$87.87


Cost/Acre
$ 82.16

21.90

$104.06


Cost/Acre

$106.65
21.90

$128.55


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


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


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


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


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








Table 3-A.--Dry fertilizer options (cont'd.)


Option #4
(180 lbs N/Acre)


Option #5
(204 lbs N/Acre)


Option #6
(225 lbs N/Acre)


Analysis/Material
Applied
15-2-15-2.4 MgO
Application
Total for 3 Applications


Analysis/Material
Applied
17-4-17-2.4 MgO
Application
Total for 2 Applications


Analysis/Material
Applied
15-2-15-2.4 MgO
Application
Total for 3 Applications


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


Option #1
(180 lbs N/Acre)


Option #2
(180 lbs N/Acre)


Option #3
(180 lbs N/Acre)


Analysis/Material
Applied
10-0-10
Double Boom Application
Total for 3 Applications


Analysis/Material
Applied
10-2-10
Double Boom Application
Total for 3 Applications


Analysis/Material
Applied
10-0-10
Solicam 80DF
Karmex WP
Double Boom Application
Total for 3 Applications


*Treated acre (one herbicide application)


Amount
/Acre
1200 lbs
3 times


Amount
/Acre

1200 Ibs
3 times


Amount
/Acre
.1500 lbs
3 times


Amount
/Acre

1800 lbs
3 times


Amount
/Acre
1800 lbs
3 times


Amount
/Acre
1800 lbs
3 Ibs*
4 lbs*
3 times


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


Cost/Acre

$108.00
21.90
$129.90


Cost/Acre
$118.80
21.90
$140.70


Cost/Acre
$135.00
21.90
$156.90


Cost/Acre
$118.80
33.00
$151.80


Cost/Acre
$127.80
33.00
$160.80


Cost/Acre
$118.80
23.72
8.84
33.00
$184.36


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


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


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


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


I








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


Table 6-A.--Soil amendment options


Option #1
(Every 3 years)


Option #2
(Every year)


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


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


Amount
/Acre
33 lbs
1 time


Your
Cost/Acre


Cost/Acre
$117.15
13.17
$130.32


Amount
/Acre
1 ton
1 time


Amount
/Acre
1000 lbs
1 time


Your
Cost/Acre









Your
Cost/Acre


Cost/Acre
$26.97
7.59
$34.56
$11.52


Cost/Acre
$13.49
7.59
$21.08


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


---------------- U---------------------------------------------------








Table 7-A.--Irrigation--annual cost per acre*


DRIP


Option #1
Operating (Electric)
$ 40.56
Maintenance of System 37.77
Total Cash Expenses $ 78.33

Fixed Depreciation Expense 42.35

Total Cash and Fixed $120.68
Expenses


MICROSPRINKLER



Operating


Maintenance of System
Total Cash Expenses

Fixed Depreciation Expense

Total Cash and Fixed
Expenses


Option #3
(Electric)
$46.11
42.10
$ 88.21

52.94

$141.15


Your
Cost/Acre


Your
Cost/Acre


DRAINAGE DITCH ANNUAL COSTS



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


Option #2
(Diesel)
$ 36.49
39.13
$ 75.62

45.25

$120.87


Option #4
(Diesel)
$ 38.82
44.79
$ 83.61

56.56

$140.17


Option #5


Your
Cost/Acre


Your
Cost/Acre


Your
Cost/Acre


$13.96
12.52
10.43
$36.91


*Higher fuel costs over the last two years along with the extended drought situation has resulted in an
increase in irrigation applications and operating costs about $10.45 above average costs shown.


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


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










Table 8-A.--A listing of 2001 custom rates reported by twenty-five Indian River and South Florida citrus caretakers

Range of Rate Average
Grove Practice Unit Reported Ratey Comments

CULTIVATION AND EQUIPMENT:


Hand Labor
Mechanic Labor
Rotovate
Disc 7-8'
Disc 10'
Mow: Off-set or Side Mower
7-8'
7-8'
9-10'
9-10'
15-16'
V-Mower
Sickle Mower
Herbicide" (Strip/Band--Single Boom)
Herbicide' (Strip/Band--Single Boom)
Herbicide' (Strip/Band--Double Boom)
Herbicide' (Chemical Mow)
Temik'
Plow
Backhoe
Vine Puller
Middle Buster
Mound Builder
Grader Blade
Bush Hog
Water Truck with Driver
Pickup Truck with Driver
Flatbed/Transport Truck with Driver
Tractor with Driver
ATV with Driver


SPRAYING:'

Hand Sprayer



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

Aerial
Aerial
Aerial
Aerial


FERTILIZING:'

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


Hour $11.00- $13.75 $12.10 Plus transportation and equipment
Hour 25.00- 40.00 33.46 Labor and service truck
Hour 30.00- 37.00 32.75
Hour 24.00- 35.00 29.40
Hour 31.00- 35.00 33.58
Hour 29.00- 35.00 32.04
Hour 27.00- 32.00 28.90
Acre 8.00- 10.00 9.18
Hour 29.00- 35.00 30.68
Acre 8.00- 10.50 9.16
Hour 32.00- 41.00 35.31 Average $8.00/acre
Hour 30.00- 34.00 32.67 Average $8.25/acre
Hour 31.00- 35.00 33.20
Hour 32.00- 37.25 33.75
Acre 12.50- 12.75 12.55 Plus materials
Acre 12.00- 12.50 12.23 Plus materials; Average $36.93/hr.
Acre 3.50- 7.50 5.81 Plus materials
Acre 12.00- 15.00 13.17 Plus materials
Hour 25.00- 35.00 30.83
Hour 37.00- 50.00 44.54
Hour 28.00- 31.00 29.50
Hour 26.00- 35.00 30.29 With tractor and driver
Hour 27.00- 35.00 32.88 With tractor and driver
Hour 27.00- 35.00 31.14 Tractor/blade and driver
Hour 29.00- 30.00 29.67
Hour 25.00- 35.00 30.77
Hour 22.00- 32.00 27.48 Average miles traveled per year: Pick-up truck 24,880 miles
Hour 25.00- 40.00 36.25 Transport truck-- 19,225 miles
Hour 26.00- 35.00 28.94
Hour 16.00- 29.00 20.16



Hour $ $ $45.00 Includes tractor, handgun sprayer and 2 workers

AIR BLAST SPRAYER
Engine Driven PTO Powered

Acre 35.00- 37.50 36.17 30.00 36.00 34.10 With "tree see": PTO $37.44/Ac
Acre 29.00- 36.00 31.50 25.00-31.00 28.42 With "tree see": PTO $29.67/Ac
Acre 25.00- 28.00 25.75 20.00 25.00 23.00 With "tree see": PTO $23.53/Ac
Acre 19.00- 20.00 19.50
Acre 18.00- 21.50 19.80 (Avg. $20/acre @ 30 GPA)

Fixed Wing: $ 5.38/acre @ 5 gallons per acre
Fixed Wing: $ 6.33/acre @ 10 gallons per acre Bell Helicopter: $12.50/acre @ 10 GPA
Fixed Wing: $ 7.50/acre @ 15 gallons per acre Huie Helicopter: $18.00/acre @ 15 GPA
Fixed Wing: $11.80/acre @ 20 gallons per acre Huie Helicopter: $20.00/acre @20 GPA
(One reporting 130 fuel surcharge because of current fuel prices)


Hour $37.00- $42.50 $39.75 Truck + labor; one reporting $30/setting

Acre 10.00- 12.50 11.25
Acre 10.00- 12.00 11.00
Acre 6.75- 8.50 7.30 Average $33.25/hour
Acre 7.00- 8.50 7.59
Hour 11.00- 15.00 12.10 Plus transportation and materials
Hour 26.00- 35.00 30.56 Plus materials


(OVER)










Table 8-A.--A listing of 2001 custom rates reported by twenty-five Indian River and South Florida citrus caretakers (cont'd.)

Range of Rate Average
Grove Practice Unit Reported Rate' Comments

IRRIGATION:


Ditch Mower
Water Furrow Disc
Water Furrow Shaper (Non-Laser)
Water Furrow Shaper (Laser Control)
Rotary Ditcher or Auger
Water Slinger
Microsprinkler/Drip Irrigation Maintenance
Microsprinkler

REMOVING TREES:

Bulldozer
Catipillar Grader
Front End Loader
Tree Shearing (Cutting Tree at Ground Level)

PRUNING:
General Pruning (Rehab/Freeze Damage)
Power Saw with Operator
Hedging:
Single Side (Tractor Pulled)
Single Side (Tractor Pulled)
Double Side (Tractor Pulled)
Double Side (Tractor Mounted)
Double Side (Self Propelled)
Double Side Rotary Boom (Self Propelled)'
Double Side Self-Propelled Fixed Boom Hedger"
Topping:
Tractor Mounted
Tractor Pulled
Tractor Pulled

Double Sided Topper
Double Boom (Self Propelled)
Double Sided (Self Propelled)
Limb Lifter/Tree Skirt Trimmer
Limb Lifter/Tree Skirt Trimmer
Removing Brush:
Haul Brush out of Grove
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
Consulting
Total Reported Acreage Provided Grove
Service to:


Hour $35.00- $48.00 $41.63
Hour 25.00- 36.50 31.31
Hour 35.00- 40.00 37.00
Hour 70.00- 75.00 71.67 One reporting; 50/foot
Hour 29.00- 35.00 32.08
Hour 35.00
Acre/Month 2.00- 4.50 3.53 Check & repair system; parts extra
$25.00/setting; $33.07/hour (truck and driver) Start/stop and supervision


$ -

45.00-
45.00-


$ $55.00
50.00
60.00 50.77 Avg. range 5-15 trees per hour
55.00 49.00 Avg. range 5-20 trees per hour


Tree $ $ $ 3.50
Hour 16.50- 25.00 18.86


Hour
Acre
Hour
Hour
Hour
Hour
Hour


55.00
85.00
100.00- 137.00 124.67 6 to 10 acres/hour; Avg. $14.50/acre
205.00
200.00- 260.00 238.33 8 to 20 acres/hour depending on wood size; $14.43/acre annual cut
300.00- 315.00 305.00 5 to 15 acres/hour bedtops only; add 25% for furrows only
360.00 12 to 30 acres/hour-bed top only; 8 to 20 acres-bed top
\and furrow; depending on wood size


Hour 175.00
Hour 107.00- 137.00 120.60 2-5 ac/hr depending on wood size
Hour 350.00 5to 12 acres/hour rooftop; 10 to 20 acres
\flattop cut from bed tops-annual maintenance cut.
Hour 250.00- 260.00 253.33 Avg. 8-15 acres depending on wood size type of cut; $28/acre
Hour 550.00 15 to 30 acres flattop cut from bed tops annual maint. cut
Annual Maintenance Cut $32.63/acre Gable cut; $23.13/acre Flattop cut
Acre 12.00- 20.00 15.60 3 to 5 acres/hr
Hour 43.00- 70.00 61.00
Front-end loader
Hour 48.00- 55.00 51.60 Average $8.00/acre
Hour 29.00- 35.00 33.80


$0.10 $0.25 depending on type of wrap and number of trees
Tree $0.80- $ 1.50 $ 1.19 Varies as to density
Tree 1.50- 3.00 2.29 Varies as to the number of resets
Hour 25.70


Acre 3.00- 6.00
$0.10-$0.25/box; $0.05/pound solids
7% to 15% of materials cost; averaged 12%


4.46 In addition to caretaking charges
One reporting $5/acre/month for supervising and marketing


50/box to 18e/box; Avg. l I/box


Hour $ 75.00 $120.00 $106.67 Horticultural Evaluation and/or Financial Analysis/prospectus.
$250/day for Cultural Management only


Acre


400- 13,500


3,977 Total acres reporting: 59,662


Source: Ronald P. Muraro, Extension Farm Management Economist, Lake Alfred CREC, June 2001.


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








Table 9-A.-2001 summary of average chemical price estimates

Average Your Price
Item Unit Price (2001)


Fungicides:


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


Insecticides/Nematicides:
Admire 2F
Agri-Mek (0.15EC)
Bacillus thuringienses
Capture
Clinch Fire Ant Bait
Comite 6.55 EC
Danitol
Ethion
Guthion 50WP
Kelthane MF
Lorsban 4EC
Lorsban 15G
Malathion 5 EC
Metasystox-R
Micromite 25WP
Microthiol 80DF
Nexter WP
Sevin 80S
Sevin XLR
Sulphur 6F
Temik 15G
Thiolux 80 DF
Vendex 50W


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


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


230.00
9.83
15.61
1.13
1.75
3.72
3.52
52.00
1.98
2.17
4.98
631.31


533.37
594.58
9.94
400.00
8.54
80.32
155.00
33.20
9.44
32.47
42.01
1.82
20.99
68.53
29.68
0.64
102.54
4.77
25.94
4.15
3.23
0.60
15.19








Table 9-A.--2001 summary of average chemical price estimates (cont'd.)


Item


Herbicides: Direx 4L
Direx 80 DF
Fusilade DX
Goal 2XL
Gramoxone (Paraquat)
Hyvar X
Karmex
Krovar I
Mandate 2E
Poast Plus 1.0 EC
Princep (Caliber 90)
Princep 4L
Rodeo (30 gal drum)
Roundup (30 gal drum)
Roundup Ultra (30 gal drum)
Simazine 90 DF
Simazine 4L
Solicam 80 DF
Surflan AS
Touchdown
Growth Regulators:
Citrus Fix
Pro-Gibb 3.91%
Tre-Hold
Other Sprav Materials:
Borates (15%)
Manganese (32%)
Zinc (78%)
Nutritional Spray Mix:
Dyna Gold MZF


lb.
lb.
lb.

gal.


Your Price
(2001)


0.69
0.31
0.79

6.94


SOURCE: Ronald P. Muraro, Extension Farm Management Economist, University of
Florida, IFAS, CREC, Lake Alfred, Florida, June 2001.


Unit

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

gal.
32 oz. bottle
gal.


Average
Price
18.43
3.78
122.71
95.08
32.35
17.36
4.02
10.83
179.75
56.00
3.25
14.09
81.55
33.32
37.20
2.68
12.98
14.37
67.66
50.35

278.37
41.04
73.17








Table 10-A.--2001 summary of average fertilizer price estimates


Average Your Price
Item Unit Price (2001)


FERTILIZER (FOB Price @ Plant)


Dry Mix (Bulk)
17-0-17-3,g
17-4-17-2.4m
16-0-16
16-0-16-4mg
16-2-16-3,M
15-2-15-2.4M
12-2-12-2.4M
8-8-8 w/minors*
8-4-8 w/minors*
8-2-8 w/minors*
6-6-6 w/minors*

Liquid Mix (Bulk)
8-2-8
8-4-8
9-3-9
9-4-9
10-0-10
10-2-10
12-0-6
12-3-6


177.47
178.94
162.18
177.03
175.41
163.28
143.99
126.04
126.78
119.98
111.49



101.25
109.72
112.57
117.39
109.39
117.46
107.69
120.93


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







Table 10-A.--2001 summary of average fertilizer price estimates (cont'd.)


Average Your Price
Item Unit Price (2001)

Other Fertilizer Materials (Bulk)
Ammonium Nitrate (21% N Liquid) ton 127.73
Ammonium Nitrate (33.5% N Dry) ton 192.96
Ammonium Sulfate (21% N) ton 126.94
Calcium Nitrate (19% Ca, 15.5% N) ton 219.91
Dolomite (at mine--49% CaCO3, 36% MgCO3) ton 16.02
Muriate of Potash (60% K20) ton 153.46
Potassium Nitrate (14% N; 46% K20) ton 357.82
Sul-Po-Mag (SPM--21.9% K20) ton 170.50
Super Phosphate (20% P205) ton 149.23
Triple Superphosphate (48% P205) ton 163.44
Urea ton 336.00
Average Delivery Cost ton 10.95

Foliar Macronutrients
N-Sure 28-0-0 (72% SRN)** gal. 7.74
Phos Might 0-22-20 gal. 27.40
Nutriphite 0-28-26 gal. 39.13


**SRN, Slow Release Nitrogen

SOURCE: Ronald P. Muraro, Extension Farm Management Economist, University of
Florida, IFAS, CREC, Lake Alfred, Florida, June 2001.







Table 11 -A.--Cost for establishing, planting and maintaining a citrus grove through four years of age, South Florida flatwoods area
Cost Per Acre
Range Average
$ $
Land Cost:' Improved Pasture Land 1,700-2,500 2,050
Raw Land and Semi-improved Pasture 1,150-1,800 1,450
Land Preparation: Pasture and Light Palmettos 125- 275 195
(Clearing) Raw Land (heavy pines, palmettos) 350- 600 465
Leveling: With Laser 200- 350 275
Without Laser 100- 250 160
Bedding: 2-rows (short rows -- 1,350+ feet) 100- 195 130
Soil Amendments: Dolomite 1 ton 35
Super Phosphate, 400 Ibs. 30
Canals, Ditches and Dikes 150- 260 195
Reservoirs and Roads 130- 180 155
Throw-out Pumps for Water Movement 45- 60 55
Culverts 65- 135 85
Middle Drop Drainage Pipes 45- 95 105
Drainage Tile 140- 160 150
Cover Crop 9- 16 12
Irrigation System: Microsprinkler -- with Well2 850-1,500 1,000
without Well 525-1,200 700
Drip with Well2 775-1,050 875
-- without Well 400- 825 560
Water Permits, Environmental Studies, and Engineering: Cost 40- 90 70
Time in Months 5- 12 8
Percent Land Utilization: Planted to Citrus 55%- 85% 71%
Ditches and Canals 5%- 10% 8%
Water Retention 10%- 30% 15%
.-Roads and Service Areas 3%- 15% 6%
South Florida
Year
1 2 3 4

Solidset Planted Trees3 ----------------- Cost Per Tree ------------------
Microsprinkler Irrigation and Ditch Maintenance $0.40 $0.50 $0.65 $0.85
Fertilize Tree 0.25 0.40 0.55 0.56
Supplemental Fertilization thru Irrigation 0.15 0.20 0.25 0.29
Spray 0.30 0.40 0.47 0.50
Insulated Tree Wrap (annual maintenance) 0.25 0.25 0.25 0.00
Sprouting (labor) 0.20 0.20 0.00 0.00
Cultivation/Mowing 0.44 0.44 0.44 0.44
Herbicide 0.54 0.54 0.54 0.54
Ridomil/Aliette 0.35 0.35 0.00 0.00
Miscellaneous 0.43 0.49 0.42 0.48
Total Cost Per Year $3.31 $3.77 $3.62 $3.66
Reset Trees (annual additional grove care costs) $2.13 $2.47 $1.84
Cost of Planting Trees4 Solidset = $5.00 Reset = $6.30
'Land cost will vary from one county to another as well as from one parcel to another.

'Irrigation costs include distribution system, power unit and well (where indicated.) The higher cost ranges reported also included a cost for fertigation
equipment.
'The per tree costs shown are applicable for tree densities of 145 to 165 trees per acre. The per tree costs should be decreased for higher density plantings and
increased for lower density plantings; e.g., at 200 trees per acre decrease costs by 15%; at 115 trees per acre increase costs by 15%.

4Tree cost (bare root) = $3.25; stake, plant, and water tree = $1.25 (solidset) and $2.55 (resets); and uninsulated tree wrap = $0.50.
Source: Ronald P. Muraro, Farm Management Economist, CREC, Lake Alfred, FL, November 1989.







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

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


Year #1:
Tree Removal
Tree Cost (Container Tree)
Site Preparation'
Plant Tree and First Watering
Total Planting Cost
Supplemental Fertilization 4 Times
(Application & Materials)
Supplemental Spraying
(Application & Materials)b
Spot Herbicide (Application & Materials)
Tree Wrap (Corrugated)
Sprouting/Pruning
Miscellaneous
Supervision & Overhead
Total Tree Care Cost Year #1
Total Cost Year #1
Year #2:
Supplemental Fertilization 3 Times
(Application & Materials)
Supplemental Spraying
(Application & Materials)b
Spot Herbicide (Application & Materials)
Sprouting/Pruning
Miscellaneous
Supervision & Overhead
Total Cost Year #2
Year #3:
Supplemental Fertilization 3 Times
(Application & Materials)
Miscellaneous
Supervision & Overhead
Total Cost Year #3b
Total Three-Year Cumulative Costs


5.73
4.50
5.40
3.28
13.18


1.28

0.48
0.21
1.00
0.41
0.17
0.27
3.82


$
4.98
4.50
4.68
2.40
11.58

1.11

0.41
0.18
1.00
0.41
0.16
0.25
3.52


$
3.98
4.35
3.97
2.08
10.40

1.02

0.38
0.16
1.00
0.38
0.15
0.23
3.32


$
3.22
4.25
3.67
1.74
9.66

0.93

0.35
0.14
1.00
0.38
0.14
0.22
3.16


$
2.57
4.25
2.88
1.31
8.44

0.85

0.32
0.13
1.00
0.34
0.13
0.21
2.98


22.73 20.08 17.70 16.04 13.99


1.72

0.55
0.20
0.49
0.15
0.23
3.34


2.34
0.12
0.18
2.64


1.53

0.49
0.18
0.49
0.13
0.20
3.02


2.09
0.10
0.16
2.35


1.34

0.43
0.16
0.41
0.12
0.18
2.64


1.79
0.09
0.14
'2.02


1.13

0.36
0.14
0.411
0.10
0.16
2.30


1.53
0.08
0.12
1.73


1.03

0.33
0.13
0.37
0.09
0.15
2.10


1.30
0.06
0.10
1.46


28.71 25.45 22.36 20.07 17.55


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

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









Table 13-A.-A Listing of estimated comparative Indian River citrus production costs per acre for 2000-20012

Low Cost Processed and Typical/Historical
Costs represent a mature (10+ years old) Processed Reduced Fresh Cost Fresh Fruit
Indian River Grapefruit Grove. Cultural Program Cultural Program Cultural Program
PRODUCTION/CULTURAL COSTS:Y
Weed Management/Control:
Mechanical Mow Middles (3 times per year) $27.48 $ 27.48 $ 27.48
Chemical Mow Middles (2 times per year) 16.74 16.74 16.74
General Grove Work (2 labor hours per acre) 24.20 24.20 24.20
Herbicide (1/2 tree acre treated):
Application (3 applications) $36.69 $ 36.69 $ 36.69
Material 74.82 100.22 100.22
Total Herbicide Cost 111.51 136.91 136.91
Spray:
Post Bloom: Application (PTO -- 250 GPA) 28.42 28.42
Material 26.35 26.35
,Total Post Bloom Cost 54.77 54.77
Summer Oil #1: Application (250 GPA 500 GPA) 31.50 36.17 36.17
Material 47.48x 66.03 66.03
Total Summer Oil Cost 78.98 102.20 102.20
Summer Oil #2: Application (PTO -- 250 GPA) 28.42 28.42 28.42
Material 29.64 20.63 20.63
Total Summer Oil #2 Cost 58.06 49.05 49.05
Fertilizer (Bulk): 3 Applications 21.90 21.90 21.90
Material (12-2-12-2.4 MgO @ 125 lbs N per
acre and 100 lbs N per acre) 82.16 65.97 82.16
Total Fertilizer Cost 104.06 87.87 104.06
Dolomite (one ton applied every 3 years)
Material/Application 11.52 11.52 11.52
Pruning: Topping ($28.15/A + 2 yrs)" 14.08 14.08 14.08
Remove Brush from Trees after Topping
($23.92/A + 2 yrs)' 11.96 11.96 11.96
Hedging ($23.83/A + 1.5 yrs)" 15.59 15.89 15.89
Chop/Mow Brush after Hedging
($8.00/A + 1.5 yrs)w 5.33 5.33 5.33
Raise Skirts of Trees ($15.60/A + 2 yrs)' --- 7.80 7.80
Total Pruning Cost 47.26 55.06 55.06
Tree Replacement 1 thru 3 years of age: (4 trees/acre)
Remove Trees: Pull, Stack & Bum 4 Trees with
Front-end Loader 19.92 19.92 19.92
Prepare Site and Plant Tree (includes 4 reset trees) 46.32 46.32 46.32
Supplemental Fertilizer, Tree Wraps Maintenance,
Sprout, etc. (Trees 1-3 years old) 35.56 35.56 35.56
Total Tree Replacement Cost 101.80 101.80 101.80
Irrigation: Microsprinkler Systemv 150.62 150.62 150.62
Clean Ditches (Weed Control) 12.52 12.52 12.52
Ditch and Canal Maintenance 13.96 13.96 13.96
Water Control (Pump water in/out of Ditches
and Canals) 10.43 10.43 10.43
Total Irrigation Cost 187.53 187.53 187.53
IRRIGATED PROCESSED FRUIT PRODUCTION COSTS $769.14 $855.13
Supplemental Post Bloom Spray:
Application (Curtec @ 25 GPA) 19.80 19.80
Material 42.42 42.42
Total Supplemental Post Bloom Spray 62.22 62.22
Fall Miticide Spray: Aerial Application (15 GPA) 7.50 7.50
Material 33.42 .33.42
Total Fall Miticide Spray 40.92 40.92
IRRIGATED FRESH FRUIT PRODUCTION COSTS $958.27 $974.46

'The listed estimated comparative costs are for the example grove situation described in the Economic Information Report Series entitled:
"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, June 2001.







Table 14-A.--Historic prices' for selected citrus varieties
Variety
Early and Seedless grapefruit
mid'-season Late season Temple All
Crop year oranges oranges oranges Tangerines Tangelos (white) (colored)


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

1996-97
1997-98
1998-99'


$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
4.78


$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
5.71


$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
5.21


$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
12.30


$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
4.59


$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
2.01


$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
2.43


aOn-tree average price per box (1-3/5 bushel box equivalent) for all methods of sale minus pick and haul
charges.


'Navel and Hamlin
cParson Brown and Pineapple


dValencia
'Marsh (white) or pink


'Preliminary


Source: Florida Agricultural Statistics Service.








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%
1 926 922 917 913 909 905 901 897 893 889 885 881 -877 873 870
2 1,783 1,771 1,759 1,747 1,754 1,724 1,713 1,701 1,690 1,679 1,668 1,657 1,647 1,636 1,626
3 2,577 2,554 2,531 2,509 2,487 2,465 2,444 2,423 2,402 2,381 2,361 2,341 2,322 2,302 2,283
4 3,312 3,276 3,240 3,204 3,170 3,136 3,102 3,070 3,037 3,006 2,974 2,944 2,914 2,884 2,855
5 3,993 3,941 3,890 3,840 3,791 3,743 3,696 3,650 3,605 3,561 3,517 3,475 3,433 3,392 3,352
6 4,623 4,554 4,486 4,420 4,355 4,292 4,230 4,170 4,111 4,054 3,998 3,942 3,889 3,836 3,784
7 5,206 5,119 5,033 4,950 4,868 4,789 4,712 4,640 4,564 4,492 4,423 4,355 4,288 4,224 4,160
8 5,747 5,639 5,535 5,433 5,335 5,239 5,146 5,056 4,968 4,882 4,799 4,718 4,639 4,562 4,487
9 6,247 6,119 5,995 5,875 5,759 5,646 5,537 5,431 5,328 5,228 5,132 5,038 4,946 4,858 4,772
10 6,710 6,561 6,418 6,279 6,145 6,015 5,889 5,768 5,650 5,536 5,426 5,319 5,216 5,116 5,019
11 7,139 6,969 6,805 6,647 6,495 6,348 6,207 6,070 5,938 5,810 5,687 5,568 5,453 5,341 5,234
12 7,536 7,345 7,161 6,984 6,814 6,650 6,492 6,341 6,194 6,054 5,918 5,787 5,660 5,538 5,421
13 7,904 7,691 7,487 7,291 7,103 6,923 6,750 6,583 6,424 6,270 6,122 5,979 .5,842 5,710 5,583
14 8,244 8,010 7,786 7,572 7,367 7,170 6,982 6,801 6,628 6,462 6,302 6,149 6,002 5,861 5,724
15 8,559 8,304 8,061 7,828 7,606 7,394 7,191 6.997" 6,811 6,633 6,462 6,299 6,142 5,992 5,847
16 8,851 8,576 8,313 8,062 7,824 7,596 7,379 7,172 6,974 6,785 6,604 6,431 6,265 6,106 5,954
17 9,122 8,825 8,543 8,276 8,022 7,779 7,549 7,329 7,119 6,920 6,729 6,547 6,373 6,207 6,048
18 9,372 9,056 8,756 8,471 8,201 7,945 7,702 7,470 7,250 7,040 6,840 6,649 6,467 6,294 6,128
19 9,603 9,268 8,950 8,650 8,365 8,095 7,839 7,596 7,366 7,146 6,938 6,739 6,551 6,370 6,198
20 9,818 9,463 9,129 8,812 8,514 8,231 7,963 7.710" 7,469 7,241 7,025 6,819 6,623 6,437 6,259
25 10,675 10,234 9,823 9,438 9,077 8,739 8,422 8,123 7,843 7,579 7,330 7,095 6,873 6,663 6,464
30 11,258 10,747 10,274 9,835 9,427 9,047 8,868 8,364 8,055 7,766 7,496 7,242 7,003 6,778 6,566
35 11,655 11,088 10,567 10,087 9,644 9,234 8,855 8,503 8,175 7,870 7,586 7,320 7,070 6,836 6,617
40 11,925 11,315 10,757 10,247 9,779 9,348 8,951 8,587 8,244 7,928 7,634 7,361 7,105 6,866 6,642

"Example. 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).




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