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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 Central Florida citrus production
Budgeting costs and returns for for <sic> Central Florida 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: 1994
Frequency: annual
regular
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Subjects / Keywords: Citrus fruit industry -- Economic aspects -- Periodicals -- Florida   ( lcsh )
Citrus fruits -- Marketing -- Periodicals -- Florida   ( lcsh )
Genre: governmental publication   ( marcgt )
serial   ( sobekcm )
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General Note: Title varies slightly: <1992-93>- Budgeting costs and returns for Central Florida Citrus Production.
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Table of Contents
    Front Cover
        Front cover
    Abstract
        Page i (MULTIPLE)
    Acknowledgements
    Table of Contents
        Page ii
    List of Tables
        Page iii
    Main
        Page 1
        Page 2
        Page 3
        Page 4
        Page 5
        Page 6
        Page 7
        Page 8
        Page 9
    Reference
        Page 10
    Addenda
        Page 11
        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
Full Text
/00
r Eonald P. Muraro Economic Information
Thomas W. Oswalt Report El 95-2





Budgeting Costs and Returns
for Central Florida Citrus
Production, 1994-95


* UNIVERSITY OF
SFLORIDA
Institute of Food and Agricultural Sciences
Food and Resource Economics Depanment
Florida Aricultural Experiment Station
Flonda Cooperative Extenion Service
Gainesville. FL 32611


August 1995


100
F637fe
EI95-2















ABSTRACT


Estimated costs and returns of growing round oranges in the Central Florida citrus area are
presented for the twentieth consecutive year. Due to the freezes of the 1980's, the Central Florida
citrus area refers primarily to Polk and Highlands counties. The format presented may be used by
individual growers to budget costs and returns, utilizing individual data on specific groves.

Key words: citrus, Central Florida, budgeting, costs and returns.

NOTE: The Central Florida production area refers to Polk and Highlands counties. However,
the costs presented in this report are applicable to other counties such as Hardee,
Hillsborough, Lake and Orange counties.

The budget cost items have been revised to reflect current grove practices being used
by growers--e.g., chemical mowing, new spray materials, rates of fertilization,
microsprinkler irrigation, more reset trees, etc. Therefore, the revised costs for
specific grove care practices may be higher, or lower, than reported in previous years.

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 shown in Table 3 are representa-
tive for a mature Central Florida Valencia orange grove, the grove care costs for a
specific grove site may differ depending upon the grove practices performed. For
example, extensive tree loss due to blight or tristeza could substantially increase the
tree replacement and care costs; travel and set-up costs may vary due to size of the
citrus grove and distance from the grove equipment barn and could add as much as
$24.37 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 Central
Florida citrus production area who provided suggestions for the revision of this manuscript.












UNIVERSITY OF FLORIDA LIBR
UNIVERSITY OF FLORIDA LIBRARIES

















TABLE OF CONTENTS


Page

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

ACKNOWLEDGEMENTS .................................................

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

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

METHOD OF DATA COLLECTION ........................................ 1

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

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

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

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

REFERENCES ........................................................ 10

ADDENDA ............................................................ 11


NOTE: The ADDENDA includes a Listing of Grove Care Programs for
Central Florida Citrus Production for Both Round Oranges and
Grapefruit; 1995 custom rate summary report; cost of establishing a
citrus grove; etc. Page 11 is a list of the tables included in the
ADDENDA.
















LIST OF TABLES


Table Page

1 Schedule of production practices and budget items for a Central Florida
citrus grove, 1994-95 ............................................ 3

2 Calculation of normal production per acre, 1994-95 ...................... 4

3 Estimated annual per acre costs and returns for a mature, Valencia orange
grove producing for the processed market, Central Florida area, 1994-95 ...... 5

4 Estimated total delivered-in cost for Central Florida (Ridge) Valencia oranges
grown for the processed juice market under three cultural cost programs,
1994-95 ...................................................... 7

5 Estimated annual per acre costs and returns and 5-year average costs and
returns for a mature, Valencia orange grove producing citrus for processing
in the Central Florida area, 1990-91--1994-95 ........................... 8

6 Estimated annual per acre costs and returns and 5-year average costs and returns
(adjusted to 1995 dollars) for a mature, Valencia orange grove producing citrus
for processing in the Central Florida area, 1990-91--1994-95 ............... 9









BUDGETING COSTS AND RETURNS FOR CENTRAL
FLORIDA CITRUS PRODUCTION, 1994-95


Ronald P. Muraro and Thomas W. Oswalt


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.
During the 1980's, several freezes occurred which changed the character of the Central Florida
citrus production area. The December 1983 and January 1985 freezes caused extensive tree and
acreage losses in the north central counties such as Lake and Orange counties. The December
1989 freeze resulted in severe tree damage and tree loss in North and Central Polk County. Also,
fruit loss was extensive during the 1989-90 season with approximately 30 percent of the Valencia
fruit crop in Polk and Highlands counties destroyed. Thus, Central Florida in this report refers
primarily to Polk and Highlands counties. Budgets for rehabilitating or replanting citrus groves
where extensive tree damage or loss has occurred are presented and discussed in a separate report.


METHOD OF DATA COLLECTION


The data presented here were developed by surveying custom operators, input suppliers,
growers, and colleagues at the Citrus Research and Education Center in Lake Alfred. The survey
is conducted annually in February and March.


COSTS AND INPUTS


Costs for various production inputs are those collected from citrus growers as well as the
average of the data obtained from annual custom rate, chemical, and fertilizer surveys. Growers'
costs are shown in the ADDENDA, Table 1-A through 8-A. The custom rate costs are shown in
Table 9-A and the various chemical and fertilizer costs are shown in Table 10-A and 11-A in the




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. THOMAS W. OSWALT is Extension Agent, Citrus in Polk County, Bartow.










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.


THE GROVE SITUATION


Production practices for a Central Florida round orange 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 Valencia orange 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 noted average management and cultural practices are
assumed. Beyond this general assumption, the following specifics are assumed.


1. A 20+ year-old, low volume-irrigated grove;
2. Variety is Valencia round orange;
3. Tree loss is 3 percent annually;
4. Trees are pulled and replaced when production falls below
50 percent of expected yield;
5. Production is for processed use;
6. Tree density is 78 trees per acre; and
7. Custom-caretaker is providing grove management.









Table l.-Schedule of production practices and budget items for a Central Florida citrus grove, 1994-95"

Month

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

50%
Total revenue: 20% Partial Final
deposit payment payment

Less: Pick & haul cost X

DOC advertisement tax X

Grove expenses:

Disc X X

Chop

Mow X X X

Labor, general grove work, pull vines X X

Herbicide (1/2 grove acre equivalent) X X

Spray: Post bloom/nutritional X

Summer oil/greasy spot X

Fall miticide X

Supplemental miticide

Dust

Fertilizer 68# N/A 68# N/A 68# 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

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.









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


3%
3%
3%
3%
3%
45%
3%
37%


Situation
pulled and reset
1 year old
2 years old
3 years old
4 years old
5-19 years old
producing 50% of expected yield
mature producing


Boxes/tree
0.0
0.0
0.0
0.6
0.9
4.6
4.0
8.0


Calculation of normal production per acre is shown in Table 2. Note that the proportion-of-
trees-by-age column only adds to 91 percent since 9 percent of the trees are non-bearing.


Table 2.--Calculation of normal production per acre, 1994-95
Boxes Total
Age of Tree Trees /tree boxes
Total no. Proportion No. ea.
all ages ea. ae' ae ---------- No. ------
3 years 78 x 0.03 = 2.3 x 0.6 = 1.38
4 years 78 x 0.03 = 2.3 x 0.9 = 2.07
5-19 years 78 x 0.45 = 35.1 x 4.6 = 161.46
Prod. 50% of
exp. yield 78 x 0.03 = 2.3 x 4.0 = 9.20
20 years 78 x 0.37 = 28.9 x 8.0 = 231.20
Total boxes = 405.31

'Proportion adds up to 0.91 (91 percent) as 9 percent of the trees were non-bearing (pulled
and reset, 1 and 2 year old trees; see page 4).

BUDGET COSTS AND RETURNS


The estimated budget costs and returns for the Central Florida 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








Table 3,-Estimated annual per acre costs and returns for a mature, Valencia orange grove producing for the processed market, Central Florida area, 1994-95'

Item Description Amount Your cost

---------.--- Dollars ------------

I. Revenue 405 boxes @ $4.86' 1,96830

II. Expenses

Weed control
Discing 2 times per year 18.06
Mow middles 4 times per year 36.00
General grove work/sprouting (2 labor hours per acre) 20.24
Herbicide (Table 2-A, Program #1, #2 & #8) 126.03 20033
Spray program (Table 1-A, Programs #1 & #9) 163.09
Fertilizer (Table 3-A, Program #2) 133.05
Dolomite (Table 6-A, Program #2) 9.19
Pruning (maintenance)
Topping ($34833/hr. + 10.0 A/hr.) + 25 yrs. 13.93
Remove brush from trees ($18.91/A + 25 yrs.) 756
Hedging ($322.50/hr. + 10.0 A/hr.) + 2 yrs. 1638
Mow/chop brush ($10.44/A + 2 yrs.) 5.22 43.09
Tree replacement and care (1 through 3 years)
Remove trees/stack/burn 3 trees per acre 17.40
Prepare sites and plant resets Including 3 trees per acre 21.77
Supplemental fertilizer, tree wraps, maintenance,
sprout, Ridomil/Aliette, etc. Including application 26.06 65.23
Microsprinkler irrigation (Table 7-A, Program #4) 13138
Total grove care expenses 74536

III. Management $4.00 per acre per month' 48.00

IV. Total specified cots' 79336

V. Return to land, trees, and ownership 1174.94

VI. Break-even price for total grove care expenses

Boxes per acre Boxes per acre

300 350 400 450 500 300 350 400 450 500

S On-tree price per box $ Delivered-in price per pound solids'

2.48 2.13 1.86 1.66 1.49 0.67 0.62 0.58 054 052

'Although the estimated annual per re grove costs show in Table 3 we representative for a mature Central Florida Valencia orange groe, the grove c costs for a specific grove dte may dffer depending upon the
grove practices perfonred; e.g., a Temik applation would add S143.77 per re; extensive tree loss due to blight or tristeza would double the tree replacement and care costs; travel and set-up costs may vary due to s of
citrus grove ad distance from grove equipment bn.
'On-tree prie per box b prelrminir;, assumes prim for processed orange only.
'Assumes material custom appled; therefore, a 10 percent handing and supervision charge is added to material cost.
'Other methods to estimate a management cost-e.g., 5% of gross revenue or 10% of total grove care costs--are used in the industry. Other selected methods wil gve a different return to land and trees than reported
here.
Other cost Items which are not Included in the budget ae ad valorem takes and interest on grove investment. In addition to these cost items, overhead and administrative costs, such as water drainage/district teans, crop
insurance, and other groer assessments, can add up to 12 percent to the total grove care costs. These costs vary from grove to grove depending on age, location, and time of purchase or grove establishment
'Assumes 6.5 pounds solids per box and $1.90 pick and haul cost per box.









projected yields in Table 3 and estimated preliminary on-tree prices for the 1994-95 season.
Historical on-tree prices for selected Florida citrus varieties are shown in Table 12-A of the
ADDENDA.
As shown in Table 3, the total revenue for processed-market Valencia oranges is estimated to
be $1,968.30 per acre. Total specified costs are $793.36 and are comprised of grove care costs of
$745.36, plus management cost of $48.00. Return to land and trees of $1,174.94 represents net return
above variable costs. The break-even price required to cover grove care costs for Valencia oranges
range from $2.48 to $1.49 per box on-tree and $0.67 to $052 per pounds solids delivered-in at 300
and 500 boxes per acre, respectively.
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 to 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 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 $530 per acre ($4,500 average debt per acre @ 10 percent interest
amortized over 20 years) which would reduce total available cash for grove expansion or other
investment.
An estimated "delivered-in" cost which includes the above mentioned additional costs (cultural/
production costs, management and regulatory costs and harvesting costs) is shown in Table 4. The
"delivered-in" cost is presented as a cost per acre, per box, and per pound solids. Three possible
budget cost scenarios are presented: 1) Typical/Historical Processed/Fresh Cultural Program; 2)
Reduced Cost Processed/Fresh Cultural Program; and 3) Low Cost Processed Cultural Program. The
first scenario represents typical costs of grove practices which have been performed during the 1980's
and early 1990's. Scenarios 2 and 3 represent costs of two possible cultural programs which many
citrus growers are currently employing to reduce expenditures as a result of low on-tree fruit prices.
Modified 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.

HISTORICAL COST TRENDS

Annual budgets of costs and returns for mature, processed Valencia oranges in the Central
Florida area have been developed and published the past four years. Estimated cost and return
histories for 1990-91 through 1993-94 along with 1994-95, and a five-year average are presented in
Table 5. To allow comparisons in current values, these same costs and returns, adjusted to 1995
dollars, are presented in Table 6.









Table 4.--Estimated total delivered-in cost for Central Florida (Ridge) Valencia oranges grown for the processed juice market under three cultural cost
programs, 1994-95


Total Production/Cultural Costs

Interest on Operating (Cultural) Costs

Management Costs

Taxes/Regulatory Costs:
Property Tax
Water Drainage

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 and Haul
DOC Assessment

Total Harvesting and Assessment Costs

Total Delivered-In Cost


Processed Valencia Oranges
Typical/Historical
Cultural Program


S/Acre $/Box $P.S.


$ 793.97

39.70

48.00


58.79
23.88

82.67

$ 964.34

389.40

$1,353.74


76950
66.83

836.33

$2190.06


$1.960

0.098

0.119


0.145
0.059

0.204

$2.381

0.961

$3.343


1.900
0.165

2.065

$5.408


$0.3016

0.0151

0.0182


0.0223
0.0091

0.0314

$0.3663

0.1479

$0.5142


0.2923
0.0254

0.3171

$0.8319


Processed Valencia Oranges
Reduced Cost
Cultural Program


Processed Valencia Oranges
Low Cost
Cultural Program


4 4


$/Acre S/Box


$ 745.36

37.27

48.00


58.79
23.88

82.67

$ 913.30

389.40

$1,302.70


769.50
66.83

836.33

$23902


$1.840

0.092

0.119


0.145
0.059

0.204

$2.255

0.961

$3.217


1.900
0.165

2.065

$5.282


$/P.S.

$0.2831

0.0142

0.0182


0.0223
0.0091

0.0314

$0.3469

0.1479

$0.4949


0.2923
0.0254

0.3177

$.8125


S/Acre S/Box

$ 676.03 $1.669

33.80 0.083

48.00 0.119


58.79 0.145
23.88 0.059

82.67 0.204

$ 840.50 $2.075

389.40 0.961

$1,229.90 $3.037


76950 1.900
66.83 0.165

836.33 2.065

$2.06653 s5.102


$/P.S.

$0.2568

0.0128

0.0182


0.0223
0.0091

0.0314

$0.3193

$0.1479

$0.4672


0.2923
0.0254

0.3177

s0.7849


P.S. = Pound Solids Fall Miticide Spray; fertilizer Refer to cultural program shown Only summer spray with oil,
reduced to 204 pounds of in Table 3. copper, and Agri-mek;
Yield: 405 boxes/acre @ 6.5 P.S. per box nitrogen per acre. fertilizer reduced to 180
pounds of nitrogen per acre.











Table 5.--Estimated annual per acre costs and returns and 5-year average costs and returns for a mature, Valencia
producing citrus for processing in the Central Florida area, 1990-91--1994-95


orange grove


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

1990-91 $6.99 405 2,830.95 78355 83155 1,999.40

1991-92 $7.03 405 2,847.15 798.89 846.89 2,000.26

1992-93 $3.95 405 1,599.75 789.21 837.21 762.54

1993-94 $5.08 405 2,057.40 735.53c 78353 1,273.87

1994-95 $4.85b 405 1,968.30 745.36c 793.36 1,174.94

5-yr. avg. $5.58 405 2,259.90 77051 81851 1,441.39

'On-tree prices for processed oranges only as reported by the Florida Agricultural Statistics Service.
preliminary estimate by authors at time of printing and is not a published price.
"Represents a "reduced cost" cultural program which many citrus growers have employed due to low on-tree prices.
dA 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 6.--Estimated annual per acre costs and returns and 5-year average costs and returns (adjusted to 1995 dollars) for a mature,
Valencia orange grove producing citrus for processing in the Central Florida area, 1990-91--1994-95


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

------------------------------ Dollars -------------------------
1990-91 105.8 $7.40 405 2,997.00 879.78 2,117.22

1991-92 105.2 $7.40 405 2,997.00 890.93 2,106.07

1992-93 103.7 $4.10 405 1,660.50 868.19 792.31

1993-94 102.4 $5.20 405 2,106.00 802.33 1,303.67

1994-95 100.0 $4.86 405 1,968.30 793.36 1,174.94

5-yr. avg. -- $5.79 405 2,344.95 846.92 1,498.03

"Producer price index for each year adjusted to 1995 prices (1995 = 100), with 1995 consumer price index estimated to be 123.3.
Producer price index for other years are: 1991 = 116.5; 1992 = 117.2; 1993 = 118.9; and 1994 = 120.4.

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 5.)









REFERENCES


1. Citrus Summary 1994-95. Florida Agricultural Statistics Service. Florida Agricultural Statistics.
Jan. 1995.

2. Knapp, J. L (Ed.). 1995 Florida Citrus Pest Management Guide. Univ. of Fla. Coop. Ext. Svc.
SP 43. Gainesville: Jan. 1995. 69 pp.

3. Muraro, Ronald P. "A Listing of Estimated Comparative Central Florida (Ridge) Citrus
Production Costs Per Acre for 1994-95." Lake Alfred Citrus Research and Education Center
(CREC) Report. Lake Alfred, FL: May 1995.

4. "Cost for Establishing, Planting, and Maintaining a Citrus Grove through Four Years
of Age, North Florida Area." Lake Alfred CREC Report. Lake Alfred, FL: March 1990.

5. "A Listing of 1995 Custom Rates Reported by Thirty-eight Ridge Citrus Caretakers."
Lake Alfred CREC Report. Lake Alfred, FL: May 1995.

6. and John L Jackson. Ten-year Analysis for Rehabilitation of Freeze Damaged Citrus
Groves. Univ. of Fla., Food and Resource Econ. Staff Paper 270. Jan. 1985.

7. and J. Fred Kurras. "Estimating the Damage to Citrus Trees and Resulting Value Loss
Due to the January, 1982 Freeze," Florida Food and Resource Economics No. 39 (Mar.-Apr.
1982). Univ. of Fla.: Gainesville.

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

9. 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.






11



ADDENDA: Listing of Grove Care Programs for Central Florida Citrus Production for Both
Round Oranges and Grapefruit'

Pave

Table 1-A. Spray programs ............................................... 12

Post bloom spray ............... .................. ........... 12
Summer spray ............................................... 13
Fall spray ................................................. 14

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

Table 3-A. Dry fertilizer .................................................. 17

Table 4-A. Liquid fertilizer (Double boom application) ........................... 18

Table 5-A. Nematicides .................................................. 18

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

Table 7-A. Irrigation--annual cost per acre .................................... 19

Permanent overhead ............................................ 19
Microsprinkler ................................................ 19

Table 8-A. A listing of 1995 custom rates reported by thirty-eight Ridge citrus caretakers 20

Table 9-A. 1995 summary of average chemical price estimates ..................... 22

Table 10-A. 1995 summary of average fertilizer price estimates ...................... 24

Table 11-A. Cost for establishing, planting and maintaining a citrus grove through four
years of age, North Florida area .................................. 26

Table 12-A. Historic prices for selected citrus varieties ............................ 27

Table 13-A. Debt which can be supported per $1,000.00 annual payment capacity ....... 28


B = Boron Mn = Manganese
Cu = Copper N = Nitrogen
Fe = Iron Zn = Zinc
Mg = Magnesium

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 programs


POST BLOOM SPRAY


Spray Program #1


Spray Program #2


Spray Program #3


Spray Program #4


Materials/Ingredients

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

Ground Application
(engine driven)

Total per Application


Materials/Ingredients

Cu (50% metallic)
Zn
Mn
Kelthane MF
Spray Buffer

Ground Application
(engine driven)
Total per Application


Materials/Ingredients

Cu (50% metallic)
Morestan 25WP

Ground Application
(engine driven)

Total per Application


Materials/Ingredients

Vendex 50WP

Ground Application
(engine driven)

Total per Application


Your
Cost/Acre


Amount
/Acre

5 gals
5 pts
10 lbs
5 lbs
10 lbs

150 gals


Cost/Acre

$1255
2350
15.10
4.50
3.50

25.54


$84.69


Your
Cost/Acre


Amount
/Acre

10 lbs
5 lbs
10 lbs
6 pts
2.5 pts

250 gals


Cost/Acre
$15.10
4.50
3.50
38.16
1.92

28.73


$91.91


Amount
/Acre

15 Ibs
2.5 lbs

250 gals


Your
Cost/Acre


Cost/Acre

$22.65
37.65

28.73


$89.03


Amount
/Acre
2 Ibs

150 gals


Your
Cost/Acre


Cost/Acre
$46.10

25.54


$71.64


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


---- .......---l---....... ... --............... -----...................... ........................


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


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









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

POST BLOOM SPRAY (cont'd.)


Spray Program #5

(Scale insects)


SUMMER SPRAY


Spray Program #6


Spray Program #7


Spray Program #8


Materials/Ingredients

Lorsban 4EC
Ground Application
(engine driven)

Total per Application


Materials/In gredients
Oil 97+%
Cu (50% material)
Ethion

Ground Application
(engine driven)

Total per Application


Materials/Ingredients

Oil 97+%
Ethion

Ground Application
(engine driven)

Total per Application


Materials/Ingredients

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

Ground Application
(engine driven)

Total per Application


Amount
/Acre

7 pts
500 gals


Your
Cost/Acre


Cost/Acre
$42.63
32.45


$75.08


Amount
/Acre
5 gals
7 lbs
6.0 pts

250 gals


Your
Cost/Acre


Cost/Acre

$12.55
10.57
23.50

28.73


$75.35


Amount
/Acre

5 gals
6 pts

500 gals


Your
Cost/Acre


Cost/Acre

$12.55
28.20

32.45


$73.20


Amount
/Acre

5 gals
10 ozs
7 lbs

250 gals


Your
Cost/Acre


Cost/Acre

$12.55
53.10
10.57

28.73


$104.95


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


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


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


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


1










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

SUMMER SPRAY (cont'd.)


Spray Program #9


Materials/Ingredients
Oil 97+%
Agri-Mek
Cu (50% material)

Ground Application
(engine driven)

Total per Application


Spray Program #10


Materials/Ingredients

Oil 97+%

Ground Application
(engine driven)
Total per Application


FALL SPRAY


Spray Program #11


Spray Program #12


Materials/Ingredients

Dicofol 4EC
Spray Buffer
Ground Application
(engine driven)

Total per Application


Materials/Ingredients

Vendex 50WP

Ground Application
(engine driven)
Total per Application


Amount
/Acre

5 gals
5 ozs
7 lbs

250 gals


Your
Cost/Acre


Cost/Acre
$12.55
26.55
10.57

28.73


$78.40


Amount
/Acre

7 gals

250 gals


Your
Cost/Acre


Cost/Acre

$17.57
28.73


$46.30


Amount
/Acre

6 pts
2.5 pts

150 gals


Your
Cost/Acre


Cost/Acre

$38.76
1.84

25.54


$66.14


Amount
/Acre

2 lbs

150 gals


Your
Cost/Acre


Cost/Acre

$46.10

25.54


$71.64


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


--------- ........................ ------ ........ -- ................... -- .......--- ...........


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










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

FALL SPRAY (cont'd.)


Spray Program #13


Materials/Ingredients
Thiolux (Sulfur)
Ground Application
Total per Application


Table 2-A.--Herbicide


Herbicide Program #1

(Strip/band)


Herbicide Program #2
(Strip/band)


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


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


Amount/
Treated Acre
3 lbs
4 lbs
2 qts
2 pts


Cost/
Grove Acre'

$22.76
9.36
12.00
2.11
11.57


$57.80


Amount/
Treated Acre
2 qts
4 qts
2 qts
2 pts


Cost/
Grove Acre"
$15.36
8.08
12.00
2.11
11.57


$49.12


Herbicide Program #3
(Strip/band)


Materials
Karmex WP
Roundup
Adjuvant (Surfactant)


Ground Application
(1 time)
Total for 1 Application


Amount/
Treated Acre
41bs
2 qts
2 pts


Cost/
Grove Acre'

$ 9.36
12.00
2.11


11.57


$35.04


Amount
/Acre
15 lbs
150 gals


Your
Cost/Acre


Cost/Acre
$11.25
25.54
$36.79


Your Cost/
Grove Acre


Your Cost/
Grove Acre


Your Cost/
Grove Acre


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


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


L









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


Herbicide Program #4

(Strip/band)


Herbicide Program #5

(Strip/band)


Materials

Roundup
Adjuvant (Surfactant)

Ground Application
(1 time)

Total for 1 Application


Materials

Krovar I
Roundup
Adjuvant (Surfactant)

Ground Application
(1 time)

Total for 1 Application


Amount/
Treated Acre

2 qts
2 pts

40 gals


Amount/
Treated Acre

4 lbs
2 qts
2 qts

40 gals


Herbicide Program #6

(Strip/band)


Materials

Roundup
Princep (Caliber 90)
Adjuvant (Surfactant)

Ground Application
(1 time)
Total for 1 Application


Amount/
Treated Acre

2 qts
4 lbs
2 pts

40 gals


Herbicide Program #7

(Strip/band)


Materials

Direx 4L
Solicam
Roundup
Adjuvant (Surfactant)

Ground Application
(1 time)

Total for 1 Application


Amount/
Treated Acre

3 qts
3 lbs
2 qts
1 qt

50 gals


Cost/
Grove Acre'

$ 9.38
22.76
12.00
2.11

11.57


$57.82


"With respect to herbicide materials, Amount Per Grove Acre does not equal 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


Cost/
Grove Acre'

$12.00
2.11
11.57


$25.68


Your Cost/
Grove Acre


Cost/
Grove Acre"

$19.92
12.00
2.11

11.57


$45.60


Your Cost/
Grove Acre


Cost/
Grove Acre'

$12.00
8.10
2.11

11.57


$33.78


Your Cost/
Grove Acre


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


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


------------------------------------------I----------------T----------


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









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


Herbicide Program #8
(Spot herbicide for
grass/brush regrowth
under trees.)


Materials

Roundup
Adjuvant (Surfactant)


Ground Application
(1 time)

Total for 1 Application


Amount/
Treated Acre

2 qts
2 pts


15 gals


Table 3-A.--Dry fertilizer


Program #1

(162 lbs N/Acre)


Program #2
(180 lbs N/Acre)


Program #3
(204 lbs N/Acre)


Program #4

(225 lbs N/Acre)


Analysis/Material
Applied

12-2-12-2.4 MgO

Application

Total for 3 Applications


Analysis/Material
Applied

16-0-16-4 MgO

Application

Total for 3 Applications


Analysis/Material
Applied

16-0-16-4 MgO

Application

Total for 3 Applications


Analysis/Material
Applied

15-2-15-2.4 MgO

Application

Total for 3 Applications


Cost/
Grove Acre*

$12.00
2.11


Your Cost/
Grove Acre


5.00


$19.11


Amount
/Acre

1350 lbs
3 times


Amount
/Acre

1125 lbs

3 times


Amount
/Acre

1275 lbs

3 times


Amount
/Acre

1500 Ibs

3 times


Your
Cost/Acre








Your
Cost/Acre








Your
Cost/Acre








Your
Cost/Acre


Cost/Acre

$114.75
21.69

$136.44


Cost/Acre

$111.36

21.69

$133.05


Cost/Acre
$126.23

21.69

$147.92


Cost/Acre

$133.65

21.69

$155.34


____ ____ ____ I___ _-- ---------------------____


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


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


- ------------------ --- ------- ------_~___ _____









Table 4-A.--Liquid


Program #1
(180 lbs N/Acre)


Program #2
(180 lbs N/Acre)


Program #3
(180 lbs N/Acre)


fertilizer (Double boom application)
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


Amount
/Acre

1800 lbs
3 times


Amount
/Acre
1800 lbs
3 times


Analysis/Material Amount
Applied /Acre
10-0-10 1800 lbs
Solicam 80 DF 3 lbs*
Karmex WP 4 lbs*
Double Boom Application 3 times

Total for 3 Applications

*Treated acre (one herbicide application)


Cost/Acre
$114.84
30.00

S144.84


Cost/Acre
$126.72
30.00

$156.72


Cost/Acre
$114.84
22.76
9.36
30.00

$176.96


Table 5-A.--Nematicides


Analysis/Material
Applied

Temik 15G
Application
Total per Application


Program #1








Program #2








Program #3


Amount
/Acre

33 lbs


Cost/Acre
$131.77
12.00
$143.77


Analysis/Material Amount
Applied /Acre Cost/Acre

Nemacur 15G 67 Ibs $238.79

Application 12.00
Total per Application S250.79


Analysis/Material
Applied
Nemacur 15G

Application
Total per Application


Amount
/Acre

50 lbs


Cost/Acre
$178.20

12.00

$190.20


Your
Cost/Acre







Your
Cost/Acre







Your
Cost/Acre


Your
Cost/Acre







Your
Cost/Acre







Your
Cost/Acre


____________ __ __ _____________________________I_________


--- -- -- --- -- -- --- -- -- --- -- --- -- --w -- -- --- -- -- --- -- -- --- -- -- --- -- --









Table 6-A.-Soil amendment


Program #1
(Every 3 years)


Program #2
(Every 4 years)


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


Analysis/Material
Applied
Dolomite (Delivered)
Application
Total for 1 Application
(Average 1/4 Ton Applied/Yr)


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


PERMANENT OVERHEAD


Operating


Maintenance of System
Total Cash Expenses

Fixed Depreciation Expense

Total Cash and Fixed Expenses


Program #1
$ 70.38
(Electric)
31.93

$102.31

55.73

$158.04


MICROSPRINKLER


Operating


Maintenance of System
Total Cash Expenses

Fixed Depreciation Expense

Total Cash and Fixed Expenses


Program #3
$ 34.00
(Electric)
44.88
$ 78.88

52.94

$131.82


Amount
/Acre

1 ton
1 time


Amount
/Acre
1 ton
1 tim


Cost/Acre

$29.58
7.17
S36.75
$L2.25


Your
Cost/Acre









Your
Cost/Acre


Cost/Acre
$29.58
7.17

$36.75
$9.19


Your
Cost/Acre


Your
Cost/Acre


Program #2
$ 58.56
(Diesel)
31.93
$ 90.49

59.54

$150.03


Your
Cost/Acre


Your
Cost/Acre


Program #4
$ 29.94
(Diesel)
44.88
$ 74.82

56.56

$131.38


-- ----------------- -----_ ___ __ ____ ___


-- -- -- -- -- -- -- -- -- -- -- --- ----'' '







Table 8-A.-A listing of 1995 custom rates reported by thirty-eight Ridge citrus caretakers

Range of Rate Average
Grove Practice Unit Reported Rate' Cmment


(CLTIVATION AND EQUIPMENT:
Hand Hoe/Hand Labor
Tractor/Equipment Operator Labor
Rotovate
Dirc 7'
Disc 7'
Disc 9-10'
Disc 9'-10
Chop
Chop
Mow 5'-7'
Mow 10'-11'
Mow 15'-16'
Mow 5'-T
Mow 9'-10'
Mow 15'-16'
Herbicide (Strip/Band-Single Boom)
Herbicide (Strip/Band-Single Boom)
Hebicide' (Strip/Band-Double Boom)
Herbicide (Strip/Band-Double Boom)
Herbicide (Trunk-to-Trunk)
Herbicide (Cemical Mow)
Temik/Nemacur'
Plow
Deviner
Bush Hog
Pickup Truck with Driver
Pickup Truck without Driver
Flatbed Transport Truck with Driver
Flatbed Transport Truck without Driver
Tractor without Driver
Tractor with Driver
Water/Supply Truck


Hour S &75- $15.00
Hour 9.50- 15.00
Hour 25.00- 36.85
Hour 23.50- 30.00
Acre 625- 8.50
Hour 24.00- 31.60
Acre 6.00- 10.00
Hour 22.00- 31.60
Acre 7.00- 10.00
Hour 22.00- 30.00
Hour 25.00- 31.60
Hour 2625- 35.00
Acre 700- 10.00
Acre 800- 10.00
Acre 9.00- 11.25
Hour 23.50- 33.50
Acre 10.00- 15.00
Acre 9.00- 15.40
Hour 2&70- 30.00
Acre 10.00- 15.50
Acre 6.00- 11.00
Acre 10.00- 15.00
Hour 23.90- 30.00
Hour 25.00- 30.00
Hour 25.00- 35.00
Hour 17.60- 27.00
Hour 10.00- 17.50
Hour 25.00- 35.00
Hour 15.0- 22.00
Hour 12.00- 20.00
Hour 21.00- 30.00
Hour 22.00- 30.00


Semi-Truck with Driver-50/bour Pickup Truck-50/day; Transport Truck--S75/day


SPRAYING:
Tree-See Air Blat Sprayer


Hour 100.00- 103.20


10.12 Plus transportation
11.24
28.69
25.62
7.61 One-way dicing
27.73
7.95 One-way dicing; Avg. $10.11 two-way discing
2606
.43 One-way chopping; Avg. S0.00 two-way chopping
25.98
27.09
30.89
8.63
9.00
9.56
27.09 Plus materials
1154 Plus materials
11.57 Plus materials
29.27 Plus materials; Avg S29.48/hour
12.65 Plus materials
8.40 Plus materials; Avg. 26.63/hour
12.19 Plus materials
26.48
2635
27.96
22.18 One reporting 600/mile--Avg. milesyear/pickup: 19,000
13.21 Short trip transportation (10 miles or less) S10/day
27.60 One reporting 2.00/mile-Avg. milesyear: 18,000
17.60
15.13 Tractor rental only
24.85
25.77




101.60 Includes all labor and auxiliary equipment


AIR BLAST SPRAYER

Engine Driven PTO Powered


500 GPA
250 GPA
125 GPA
100 GPA

Aeial (Fixed Wing)

DUSTINGf
Ground Application

FERTILIZE AND SOIL AMENDMENTS
Inject Liquid Fertilizer into Irrigation System
Inject Liquid Ferilizer into Irrigation System
Liquid Boom Application:
Double Boom
Dry (Bulk)
Lime or Dolomite
Lime or Dolomite
Fertilize Young Tr'es? Hand Spread
Pert. Spreader

IRRIGATION:

Pemanent Overhead
Microprinkler

3 or 4-Whee ATV
Ring Young Trees: Hand Labor
Mechanical


Acre 27.00- 40.00
Acre 27.00- 32.00
Acre 20.50- 25.50
Acre 18.25- 23.00


3245 25.00- 34.00
28.73 20.00- 32.00
23.00 1800- 23.50
20.42 1550- 20.00


Fixed Wng: 3.50/acre @ 5 GPA; 7.00/acre @ 10 GPA; $10.50acre @ 15 GPA; 13.00/acre @ 20 GPA


Acre 7.50- .00 7.79 Plus materials


Hour $18.00- 25.00 22.60
Acre 2 -00 350 3.07


Acre -
Acre 5.0- 925
Acre 6.00- 9.00
Ton 6.0- 1200
Hour 6.75- 15.00
Hour 4.00- 30,00


Avg. $2.31/are; Avg. $13.0section
Avg. $2.41/acre; Avg. 513.Jsection


Hour 14.40- 2250
Hour 8.75- 15.00
Hour 26.00- 40.00


10.00
7.23 Average S30.87/hour
7.17
808 Haul and spread-Average $2&8.ton
10.12 Plus transportation
26.06 Plus materials


Start and supervision
Start and supervision


16.23 Check/repair microsprinkler irrigation system-plus materials
10.12 Labor plus equipment
30.40


(OVER)







Table -A.-A listing of 1995 custom rates reported by thiny-eigbt Ridge citrus caretakers (cont'd)

Range of Rate Average
Grove Practice Unit Reported Rate' Commmets

REMOVING TREES:
Tree Shearing (Cutting Tree at Ground
Level) Hour $ S $ 55.00 Average trees sheared: 10 to 25 trees/bour
Front End Loader Hour 4000- 55.00 46.67 Average tee removed: 5 to 15 trees/hour

PRUNING:
General Pruning (Rebab) Per Tree S 3.25- S 4.00 S 3.63 Depending upon trees/acre requiring pruning
Power Saw with Operator Hour 14.00- 20.00 15.90 Plus transportation
Power Saw without Operator Hour 550- 8.00 6.50
Limb Lifterflee Skirt Trimmer Hour 120.00- 125.00 12250 COvb 7-10 acres two pass; 12-20 acres one pass
Hedging:
Single Side (Tractor Pulled) Hour 40.00 Cw 2-4 acrewhour
Single Side (Tractor Mounted) Hour 55.00- 75.00 62.67 Owver 2-5 acres/bour
Double Side (Tractor Pulled) Hour 55.00- 82.50 70.3 (over 3-5 acres/hour
Double Side (Self Popelled) Hour 325.0- 330.00 327.50 Over 15-20 acre/hour depending on wood size
Double Side (Self Propelled) Hour 200.00- 255.00 228.75
Topping:
Tractor Pulled Hour 100.00 over 1-3 acrehour
Self Propelled Hour 280.00
Self Propelled Hour 315.00- 380.00 34833 Over 5-10 acres/hour
Double Boom (Self Propelled) Hour 525.00 Cover 2-10 acres/hour (Roof Top)
Removing Brush:
Haul Brush out of Grove Hour 27.00- 40.00 31.78 Tractor-trailer/truck, driver plus 1 person
Front-end Loader (Push Brush) Hour 40.00- 55.00 47.55
Chop/Mow Brush Hour 24.50- 38.00 29.51 3-6 acres/hour
Chop/Mow Brush Acre 9.00- 12.00 10.44

BANK AND UNBANK TREES:
Hand Labor Hour S 8.75- S 15.00 10.12 Labor plus transportation; Bank/unbank @ 608 per tree
Mechanical Hour 20.00- 26.00 23.36

OTHER CUSTOM RATES:
Plant Resets Per Tree S 1.50- $3.00 $ 232 Stake, plant and first watering
Solid Set Planting Per Tree 0.85- 1.50 1.17 Stake, plant and first watering
Travel/Setup Charge Hour 23.50 Average for those reporting
Mechanic Labor Hour 25.00- 35.00 29.68 Includes truck
Grove Management Charge/Month:
Supervising Grove Care Operations Acre 2.0- 5.00 3.25 In addition to caretaking charges; One reporting 5acre
Handling Fruit Marketing Box 0.10- 0.25 0.14 4.5% of gross annually

SupervisingHandling Chemicals/ertilizer 10% to 15% of materials cost

Total Reported Acreage Provided Grove
Service to: Acre 500- 15,000 2,71 Total acres reporting: 74,648


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

'Calculated by dividing the total number of caretakers reporting a grove practice rate into the sum reported. Unless otherwise stated, labor included with all charges.


Source: Ronald P. Muraro, Extension Farm Management Economist, Lake Alfred CREC, May 1995.








Table 9-A.--1995 summary of average chemical price estimates


Average
Item Unit Price


Fungicides:


Aliette 80WP
Benlate
Basic Copper Sulfate (53%)
Cupric Hydroxide (50%)
Copper (50%) (Kocide 101)
Copper (40%) (Kocide 606)
Copper (40%) (Champ)
Oil 412
Oil 435 or 455
Ridomil 2E
Ridomil 5G


Insecticides/Nematicides:
Admire
Agri-Mek (0.15EC)
Carzol 92 SP
Comite 6.55 EC
Cygon 4 EC
Dicofol 4 EC
Eclipse
Ethion
Guthion 2L
Guthion 50WP
Kelthane MF
Logic Bait
Lorsban 4EC
Lorsban 15G
Malathion 5 E
Metasystox-R
Methyl Bromide 98/2
Morestan 25WP
Nemacur 3EC
Nemacur 15G
Sevin 80S
Sevin XLR
Sulphur 6F
Sulphur Dust
Supracide 2 EC
Temik 15G
Thiolux 80 DF
Vapam
Vendex 50W


13.92
16.20
1.37
2.03
2.01
12.42
22.00
2.31
2.28
151.41
4.58


600.00
618.38
29.20
78.25
34.94
46.95
53.16
34.16
30.37
8.00
46.20
7.32
44.30
1.83
20.43
48.56
1.01
13.69
63.74
3.24
4.34
24.62
3.61
321.25
47.60
3.63
0.68
4.92
20.95


(Continued on Reverse Side)







Table 9-A.--1995 summary of average chemical price estimates (cont'd.)


Average
Item Unit Price


Herbicides: Devrinol 50WP lb. 8.05
Direx 80 DF lb. 4.30
Direx 4L gal. 22.72
Eptam gal. 28.43
Fusilade OX gal. 137.52
Goal gal. 78.36
Gramoxone (Paraquat) gal. 39.47
Hyvar X lb. 14.22
Karmex lb. 4.25
Krovar I lb. 9.05
Krovar II lb. 10.89
Princep (Caliber 90) lb. 3.68
Princep 4L gal. 16.56
Prowl gal. 27.28
Rodeo (30 gal drum) gal. 98.02
Roundup (30 gal drum) gal. 43.60
Simazine 4L gal. 14.75
Solicam lb. 13.79
Surflan AS gal. 55.80
Torpedo 1E gal. 51.43
Touchdown gal. 64.77
Treflan gal. 32.90
Growth Regulators:
Fruit Fix gal. 103.70
Pro-Gibb 3.91% 20 oz. 34.09
Tre-Hold gal. 71.08
Other Spray Materials:
Borates (15%) lb. 0.78
Manganese (32%) lb. 0.32
Zinc (78%) lb. 0.82
Adjuvant (Surfactant) gal. 15.38
Nutritional Spray Mix:
Goemar BM 86 gal. 28.50
Goemar MZ 63 gal. 30.50
NutraLeaf (20-20-20) lb. 0.61
Sequestrene 138 FE lb. 11.15
Peter's 20-20-20 Foliar lb. 0.64
Key Plex 350 gal. 16.40
Dyna Gro Citrate 779 gal. 7.25
Dyna Gold MZF gal. 7.77



SOURCE: Ronald P. Muraro, Extension Farm Management Economist, University of
Florida, IFAS, CREC, Lake Alfred, Florida, May 1995.








Table 10-A.--1995 summary of average fertilizer price estimates


Average
Item Unit Price

FERTILIZER (FOB Price @ Plant) $
Slow Release (Young Tree)*
IBDU: 8-4-8 (N) ton 272.00
10-3-7 (N) ton 384.00
Osmocote: 17-6-9 (NPK) ton 1,750.00
ESCOTE: 19-6-12 (NPK) ton 1,524.00
Nutralene/Hydrolene (N 40%) ton 884.00
Sulfur Coated Urea (39%-40% N) ton 440.50
Dry Mix (Bulk)
17-0-17-3mg ton 182.67
17-4-17-2.4m, ton 186.53
16-0-16 ton 151.60
16-0-16-2.4Mg ton 156.45
16-0-16-4s, ton 179.83
16-2-16-3Mg ton 173.70
15-2-12-2.4Mg ton 162.27
12-2-12-2.4m, ton 154.60
8-8-8 w/minors** ton 136.47
8-4-8 w/minors** ton 138.40
8-2-8 w/minors** ton 132.40
6-6-6 w/minors** ton 127.33
Liquid Mix (Bulk)
8-2-8 ton 118.37
8-4-8 ton 122.50
9-3-9 ton 125.35
9-4-9 ton 130.10
10-0-10 ton 117.85
10-2-10 ton 127.75
12-0-6 ton 121.40
12-3-6 ton 136.60

*Slow Release Elements are indicated in parenthesis.

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


(Continued on Reverse Side)









Table 10-A.--1995 summary of average fertilizer price estimates (cont'd.)

Average
Item Unit Price

Foliar N $
UNOCAL Plus (20% N) gal 1.45
Dynazone (28% N of which 20.1% Slow
Released) gal 5.50
Other Fertilizer Materials (Bulk]
Ammonium Nitrate (21% N Liquid) ton 124.27
Ammonium Nitrate (33.5% N Dry) ton 191.67
Ammonium Sulfate (21% N) ton 117.33
Calcium Nitrate (19% Ca, 15.5% N) ton (bags) 186.67
Dolomite (at mine--49% CaCO3, ton 15.00
36% MgCO3)
Gypsum (20%-28% Ca) ton 18.00
High Cal Lime (36%-39% Ca) ton 10.50
Muriate of Potash (42% K) ton 151.07
Potassium Nitrate (14% N) ton 375.00
Super Phosphate (8% P) ton 125.00
Triple Superphosphate (19% P) ton 155.00
Average Delivery Cost ton 13.08


SOURCE: Ronald P. Muraro, Extension Farm Management Economist, University of
Florida, IFAS, CREC, Lake Alfred, Florida, May 1995.








Table 11-A.--Cost for establishing, planting and maintaining a citrus grove through four years of age, North Florida area
Cost Per Acre
Range Average
$ $
Land Cost 2,500-4,500 3,450
Land Preparation (clearing, disking, leveling) 275- 7002 350
Soil Amendments: Dolomite 1 ton 35
Super Phosphate, 400 Ibs. 30
Cover Crop 9- 16 12
Irrigation System: Microsprinkler -- with Well3 850-1,650 1,350
without Well 525-1,250 975
Water Permits, Environmental Studies, and Engineering: Cost 35- 80 50
Time in Months 3- 8 6
Percent Land Utilization: Planted to Citrus 90%- 97% 95%
Roads and Service Areas 3%- 10% 5%
North Florida
Year

1 2 3 4

Solidset Planted Trees4 ----------------- Cost Per Tree ----------------
Microsprinkler Irrigation and Ditch Maintenance $0.37 $0.45 $0.55 $0.65
Fertilize Tree 0.25 0.40 0.55 0.57
Supplemental Fertilization thru Irrigation 0.15 0.20 0.25 0.29
Spray 0.42 0.55 0.65 0.75
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 0.40 0.40 0.40 0.40
Herbicide 0.45 0.45 0.45 0.45
Ridomil/Aliette 0.35 0.35 0.00 0.00
Miscellaneous 0.43 0.49 0.47 0.47
Total Cost Per Year $3.27 $3.74 $3.57 $3.58
Reset Trees (annual additional grove care costs) $2.13 $2.47 $1.84 --
Cost of Planting Treess Solidset = $6.75 Reset = $8.05
'Land cost will vary from one county to another as well as from one parcel to another.

2Includes fumigation cost of $330 per acre.

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

*rhe 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%.

'Tree cost (bare root) = $3.25; stake, plant, and water tree = $1.25 (solidset) and $2.55 (resets); and insulated tree wrap
= $2.25.


Source: Ronald P. Muraro, Farm Management Economist, CREC, Lake Alfred, FL, March 1990.










Table 12-A.--Historic prices' for selected citrus varieties

Variety
Earlyb and Seedless grapefruit'
mid'-season Late season Temple
Crop year oranges orangeSd 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
1993-94f


$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
3.16
3.63


$1.81
350
4.45
2.28
1.79
1.08
228
1.83
1.13
1.91
2.11
1.71
159
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
653
658


6.65
3.88
5.07


$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


651
2.99
3.49


$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
11.38


$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
558
6.31
5.10
6.11


7.16
3.31
3.44


$0.68
1.29
2.24
151
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
459


6.46
2.37
3.46


$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
3.32
358


"On-tree average price per box (1-3/5 bushel box equivalent)
charges.


bNavel and Hamlin
"Parson Brown and Pineapple


dValencia


for all methods of sale minus pick and haul

'Preliminary


*Marsh (white) or pink


Source: Florida Agricultural Statistics Service.












Table 13-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% 95% 10.0% 10.5% 11.0% 11.5% 12.0% 125% 13.0% 135% 14.0% 145% 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 2554 2531 2509 2,487 2,465 2,444 2,423 2,402 2,381 2,361 2,341 2322 2302 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 6302 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 7596 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 115% interest rate and a 20-year term mortgage, the total debt which can be supported is $77,100 ($7,710 x 10).