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Front Cover
Front cover Abstract Page i Acknowledgements Page i Table of Contents Page ii List of Tables Page iii Main Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Reference Page 9 Addenda Page 10 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 |
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p Ronald P. Muraro Stephen H. Futch John W. Hebb Economic Information Report 278 Budgeting Costs and Returns for Indian River Citrus Production, 1989-90 i Food & Resource Economics Department Agricultural Experiment Stations and Cooperative Extension Service Institute of Food and Agricultural Sciences University of Florida, Gainesville 32611 July 1990 _ ~Y1~I_ ABSTRACT Estimated costs and returns of growing seedless grapefruit in the Indian River area of Florida are presented for the sixteenth consecutive year. The format presented may be used by individual growers to budget costs and returns, utilizing individual data on specific groves. Key words: citrus, Indian River, budgeting, costs and returns, seedless grapefruit. NOTE: Indian River production area refers to the citrus producing counties on Florida's east coast such as Brevard, Indian River, Palm Beach and St. Lucie counties. The budget cost items have been revised to reflect current grove practices being used by growers--e.g., chemical mowing, different spray materials, higher rates of fertilization, microsprinkler irrigation, more reset trees, etc. Therefore, the revised costs shown may be higher than reported in previous reports. The budget costs in this report represent a custom managed operation. Therefore, all equipment costs are based upon the average custom rate costs and a 10 percent handling and super- vision charge is added to the material cost. Although the estimated annual per acre grove costs shown in Table 3 are representative for a mature Indian River white seedless grapefruit grove, the grove care costs for a specific grove site may differ depending upon the grove practices performed. For example, a Temik application would add $134.65 per acre; water control and maintenance of ditches and canals could average $63.13 per acre; 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 grove and distance from grove equipment barn. A severe freeze occurred throughout Florida's citrus producing regions during December 1989. Limited tree damage and defoliation occurred in the Indian River District. However, it is estimated that approximately 10% of the grapefruit crop was lost. ACKNOWLEDGEMENTS Appreciation is extended to Mrs. Jane Wilson for typing the final draft of this manuscript. Appreciation is also extended to the citrus growers and production managers of the Indian River citrus production area who provided sugges- tions for the revision of this manuscript. ABSTRACT Estimated costs and returns of growing seedless grapefruit in the Indian River area of Florida are presented for the sixteenth consecutive year. The format presented may be used by individual growers to budget costs and returns, utilizing individual data on specific groves. Key words: citrus, Indian River, budgeting, costs and returns, seedless grapefruit. NOTE: Indian River production area refers to the citrus producing counties on Florida's east coast such as Brevard, Indian River, Palm Beach and St. Lucie counties. The budget cost items have been revised to reflect current grove practices being used by growers--e.g., chemical mowing, different spray materials, higher rates of fertilization, microsprinkler irrigation, more reset trees, etc. Therefore, the revised costs shown may be higher than reported in previous reports. The budget costs in this report represent a custom managed operation. Therefore, all equipment costs are based upon the average custom rate costs and a 10 percent handling and super- vision charge is added to the material cost. Although the estimated annual per acre grove costs shown in Table 3 are representative for a mature Indian River white seedless grapefruit grove, the grove care costs for a specific grove site may differ depending upon the grove practices performed. For example, a Temik application would add $134.65 per acre; water control and maintenance of ditches and canals could average $63.13 per acre; 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 grove and distance from grove equipment barn. A severe freeze occurred throughout Florida's citrus producing regions during December 1989. Limited tree damage and defoliation occurred in the Indian River District. However, it is estimated that approximately 10% of the grapefruit crop was lost. ACKNOWLEDGEMENTS Appreciation is extended to Mrs. Jane Wilson for typing the final draft of this manuscript. Appreciation is also extended to the citrus growers and production managers of the Indian River citrus production area who provided sugges- tions for the revision of this manuscript. TABLE OF CONTENTS Page ABSTRACT. . . . . ... . ... i ACKNOWLEDGEMENTS. . . . . ... .... i LIST OF TABLES. . . . . ... ..... iii INTRODUCTION. . . . . ... ....... .1 METHOD OF DATA COLLECTION . . . . ... 1 COSTS AND INPUTS. . . . . ... .... .1 THE GROVE SITUATION . . . . ... .. 2 BUDGET COSTS AND RETURNS. . . . . . 4 HISTORICAL COST TRENDS. . . . . ... .. 6 REFERENCES. . . . . ... . .. 9 ADDENDA . . . ... . . .10 ii LIST OF TABLES Table Page 1 Schedule of production practices and budget items for an Indian River Florida grapefruit grove, 1989-90. . 3 2 Calculation of normal production per acre, 1989-90. 4 3 Estimated annual per acre costs and returns for a mature, white seedless grapefruit grove producing for the fresh market, Indian River area, 1989-90. . . 5 4 Estimated annual per acre costs and returns and 5-year average costs and returns for a mature, white seedless grapefruit grove producing citrus for fresh fruit packing in Indian River area, 1985-86--1989-90. . 7 5 Estimated annual per acre costs and returns and 5-year average costs and returns (adjusted to 1990 dollars) for a mature, white seedless grapefruit grove producing citrus for fresh fruit packing in Indian River area, 1985-86--1989-90 . . . . . 8 I BUDGETING COSTS AND RETURNS FOR INDIAN RIVER CITRUS PRODUCTION, 1989-90 Ronald P. Muraro, Stephen H. Futch and John W. Hebb INTRODUCTION Budget analysis provides the basis for many grower decisions. Budget analysis can be used to calculate potential profits from an operation, to determine cash requirements for an operation, and to determine break-even prices. This 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 opera- tors, input suppliers, growers, and colleagues at both the Agricultural Research and Education Center in Ft. Pierce and the Citrus Research and Education Center in Lake Alfred. The survey is conducted annually in February and March. COSTS AND INPUTS Costs for various production inputs are those collected from citrus growers as well as the average of the data obtained from annual custom rate and chemical and fertilizer surveys. Grower costs are shown in the ADDENDA, Tables 1-A through 8-A. The custom rate costs are shown in Table 9-A and the various chemical and fertilizer costs are shown in Table 10-A in the ADDENDA. The budget costs represent a custom managed operation. Therefore, all equipment costs are based upon the average RONALD P. MURARO is associate professor of food and resource economics and extension farm management economist. He is stationed at the Citrus Research and Education Center, Lake Alfred. STEPHEN H. FUTCH is county extension director in Indian River County, Vero Beach. JOHN W. HEBB is extension agent in St. Lucie County, Ft. Pierce. 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 an Indian River grapefruit grove are shown in Table 1 with times during the year when they would likely be performed. There are two benefits to developing such a table for an individual grove. First, it shows what work is needed and when, so that operations can be planned well in advance. Second, it can be helpful if an annual cash flow analysis is developed to plan financing. The individual grower may benefit from developing such a plan for a particular grove. Specific production practices vary from grove to grove making it difficult to define a "typical" grove. Many combinations of practices and various tree combinations 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, microsprinkler-irrigated grove; 2. Variety is white seedless on sour orange rootstock; 3. Tree loss is 3.5 percent annually; 4. Trees are pulled and replaced when production falls below 50 percent of expected yield; 5. Production is for fresh use; 6. Tree density is 80 trees per acre; and 7. Custom-caretaker providing grove management. Table 1.--Schedule of production practices and budget items for an Indian River Florida grapefruit grove, 1989-90a ____ Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total revenue: 20% Final deposit payment___ __________________ Less: Pick & haul cost X DOC advertisement tax X Grove expenses: Disc Chop _Chemical Chemical How __ X X Mow Mow X Labor, general grove work, pull vines X X Herbicide (1/2 grove acre equivalent) X X X Spray: Post bloom/nutritional X X Summer oil/greay spot___ ___ X Fall miticide X Supplemental miticide ___ X Dust Dust _____ _- _------------------------------- Fertilizer 540 N/A 54# N/A 54# N/A Dolomite Hedging and topping .d___ Hedge --- Brush removal/chop brush Chop brush -- Tree removal X Young tree care X X X X X Mcrojet irrigation (times/week) 1 1 2 3 3 3 2 2 2 2 1 1 Miscellaneous (clean ditches) X Grove taxes including water management X Interest expense X --- Annual principal payment on mortgage X aThis is a suggested schedule of practices. Actual practices would not necessarily be done on the exact schedule shown here. As a result of tree losses and replacement, the tree ages willvary. The budget reflects the following age distribution: Situation 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 4.5 3.5 7.0 Calculation of normal production per tree is shown in Table 2. Note that the proportion of trees by age column only adds to 89.5 percent since 10.5 percent of the trees are non-bearing. Table 2.--Calculation of normal production per acre, 1989-90 Boxes Total Age of Tree Trees /tree boxes Total no. Proportion No. ea. a all ages ea. age age ------No.----- 3 years 80 x 0.035 = 2.8 x 1.0 = 2.80 4 years 80 x 0.035 = 2.8 x 1.7 = 4.76 5-15 years 80 x 0.385 = 30.8 x 4.5 = 138.60 Prod. 50% of exp. yield 80 x 0.035 = 2.8 x 3.5 = 9.80 Over 15 years 80 x 0.405 = 32.4 x 7.0 = 226.80 Total boxes = 382.76 proportion adds up to 0.895 (89.5 percent) as 10.5 percent of the trees were non-bearing (pulled and reset, 1 and 2 year old trees). BUDGET COSTS AND RETURNS The estimated budget costs and returns for the Indian River grove situation is shown in Table 3. The budgeted costs represent one possible citrus production program and were selected from the costs shown in the 3.5% 3.5% 3.5% 3.5% 3.5% 38.5% 3.5% 40.5% Table 3.--Etimated annual per acre coats and returns for a mature, white seedless grapefruit grove producing for the fresh market, Indian River area, 1989-90 Item Description Amount Your cost I. Revenue 345 boxes 0 6.25b II. Expensesc Weed control How middles 3 times per year Chemical mow (2 times; Table 2-A, Program 06) General grove work/sprouting (2 labor hours per acre) Herbicide (Table 2-A, Programs 01 & W7) Spray program (Table 1-A, Programs I1, #4, 010, #15 & 016) Fertilizer (Table 3-A, Program #1) Dolomite (Table 7-A, Program #1) Pruning (maintenance) Topping ($280.00/hr. a 8.0 A/hr.) a 3 Remove brush from trees ($13.94/A a 3 yrs.) Hedging ($200.00/hr. 4 8.0 A/hr.) 2 Removing/chop brush ($13.89/A 2 yrs.) Tree replacement and care (1 through 3 years) Remove trees 3.0 trees per acre Prepare sites, repair mound, and plant resets Including 3.0 trees per acr Supplemental fertilizer, sprout, Ridomil/Allette, etc. Including application Microsprinkler irrigation (Table 8-A, Program #3) Clean ditches (weed control) Total grove care expenses III. Management 5% of gross sales IV. Total specified costs V. Return to land, trees, and ownership VI. Break-even price for total specified costs. Boxes per acre 325 375 425 475 525 2.97 $ On-tree price per box 61 2.34 2.13 1.96 ------------------Dollars---------------- 2,156.25 yrs. yrs. e 27.13 25.18 17.92 123.36 11.67 4.65 12.50 6.95 15.44 33.81 23*33 193.59 308.96 121.03 10.02 35.77 72.58 109.37 8.71 863.03 107.81 970.81 1 ,185.<1 Boxes per acre 325 375 125 475 525 $ Delivered-in price per pound solids for eliminations 1.19 1.11 1.05 1.00 0.97 aAlthough the estimated annual per acre grove coats shown in Table 3 are representative for a mature Indian River white seedless grapefruit grove, the grove care costs for a specific grove site may differ depending upon the grove practices performed; e.g., a Temik application would add $131.65 per acre; water control and maintenance of ditches and canals could average $63.13 per acre; extensive tree loss due to blight or triateza would double the tree replacement and care costs; travel and set-up costs may vary due to size of grove and distance from grove equipment barn; etc. Also, truck watering of resets could add another $11.59 per acre (average 5 waterings). bOn-tree price per box is preliminary; assumes average of all methods of sale (fresh and processed). Price assumes 75% of fruit harvested packed fresh. Normal expected yield was reduced by 10% due to December 1989 freeze. CAssumes material custom applied; therefore, a 10 percent handling and supervision charge is added to material cost. dOther methods to estimate a management cost--e.g., $2.50 to $5.00 per acre per month or 10i of total grove care coats--are used in the industry. Other selected 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. Assumes I.5 pound solids per box, $1.55 pick and haul cost per box, $0.45 per box handling through packinghouse, and $0.40 per box delivery to processing plant. ~--- ------I ---------------------- -~----- ADDENDA tables. The gross revenue estimates are based on the projected yields in Table 3 and estimated preliminary on-tree prices for the 1989-90 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 fresh market white seedless grapefruit is estimated to be $2,156.25 per acre. Total specified costs are $970.84 and are comprised of grove care costs of $863.03 plus management cost of $107.81. Return to land, trees, and ownership is $1,185.41 and represents net return above fixed costs. The break-even price for seedless white grapefruit ranged from $2.97 to $1.96 per box on-tree and $1.19 to $0.97 per pound solids delivered-in for eliminations at 325 and 525 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 of the total grove care costs. These costs vary from grove to grove depending on age, location, and time of purchase or establishment. However, as a guideline, ad valorem taxes in the Indian River citrus area average $40 to $50 per acre. These costs should be considered in arriving at a net return to land, trees, and ownership (total return minus costs). Also, average annual debt payment (principal and interest) may be as high as $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. 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 1985-86 through 1988-89 along with 1989-90, and a five-year average are presented in Table 4. The affects of recent freezes on Florida's annual grapefruit supply has resulted in a fluctuating on-tree price per box. However, even with increasing operating costs, annual net return to land and trees has increased over the five-year period. To allow comparisons in current values, these same costs and returns, adjusted to 1990 dollars, are presented in Table 5. Table 4.--Estimated annual per acre costs and returns and 5-year average costs and returns for a mature, white seedless grapefruit grove producing citrus for fresh fruit packing in Indian River area, 1985-86--1989-90 On-tree Total Net return to price Gross specified land, trees, Year /box Yield revenue costs and ownership --------------------Dollars----------------- 1985-86 $3.66 383 1,401.78 760.67 641.11 1986-87 4.40 383 1,700.52 794.48 906.04 1987-88 5.63 383 2,156.29 864.34 1,291.95 1988-89 4.95 383 1,895.85 910.54 985.31 1989-90 6.25b 345c 2,156.25 970.84 1,185.41 5-yr. avg. 4.98 375 1,867.50 860.17 1,007.33 aon-tree prices for all sales methods as reported by the Florida Agricultural Statistics Service. Preliminary estimate by authors at time of printing and is not a published price. CNormal exported yield was reduced 10% due to December 1989 freeze. Fixed costs such as taxes, debt service, and crop insurance are not included. A management cost of 5% of gross revenue is included. Table 5.--Estimated annual per acre costs and returns and 5-year average costs and returns (adjusted to 1990 dollars) for a mature, white seedless grapefruit grove producing citrus for fresh fruit packing in Indian River area, 1985-86--1989-90 Inflation On-tree Total Net return to factor price Gross specified land, trees, Year index /box Yield revenue costs and ownership ------------------Dollars---------------- 1985-86 119.3 $4.37 383 1,673.71 907.48 766.23 1986-87 115.1 5.06 383 1,937.98 914.45 1,023.53 1987-88 110.6 6.23 383 2,386.09 955.96 1,430.13 1988-89 105.5 5.22 383 1,999.26 960.62 1,038.64 1989-90 100.0 6.25 345 2,156.25 970.84 1,189.26 5-yr. avg. -- 5.43 375 2,036.25 941.87 1,094.38 aConsumer price index for each year adjusted to 1990 prices (1990 = 100), with 1990 consumer price index estimated to be 391.7. Consumer price index for other years are: 1986 = 328.4; 1987 = 340.4, 1988 = 354.3 and 1989 = 371.3. REFERENCES 1. Florida Citrus Spray Guide 1990. Univ. of Fla. Coop. Ext. Svc. SP 43. Gainesville: Jan. 1990. 2. Koo, R. C. J., editor. Recommended Fertilizers and Nutritional Sprays for Citrus. Univ. of Fla. Agr. Exp. Sta. Bull. 536D. Gainesville: March 1984. 3. Muraro, Ronald P. "Comparative Indian River Citrus Budgets." Lake Alfred Citrus Research and Education Center (CREC) Report. Lake Alfred, FL: May 1990. 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. "Summary Custom Rate Survey for Twenty Indian River and South Florida Citrus Caretakers." Lake Alfred CREC Report. Lake Alfred, FL: May 1990. 6. Savage, Zach. Citrus Yields Per Tree Age. Agr. Ext. Ser. 60-8. Univ. of Fla., Gainesville. 1960. ADDENDA: Listing of Grove Care Programs for Indian River Citrus Production for Both Round Oranges and Grapefruit Page Table 1-A. Spray programs . . . Post bloom spray. Summer spray. . Fall spray . Table 2-A. Table 3-A. Table 4-A. Table 5-A. Table 6-A. Table 7-A. Table 8-A. Herbicide . . . * * Dry fertilizer . . * * Liquid fertilizer . Fertigation . . . * * Nematicides . . ........... Soil amendment . . * * Irrigation--annual cost per acre . . . Drip . . Microsprinkler . Flood . . . Volume gun (traveling). Drainage ditch annual costs . Table 9-A. Table 10-A. Table 11-A. Table 12-A. Table 13-A. A listing of 1990 custom rates reported by twenty Indian River and South Florida citrus caretakers. . 1990 summary of average chemical and fertilizer price estimates . . .. .......... * Cost for establishing, planting and maintaining a citrus grove through four years of age, South Florida flatwoods area . . . . .. Historic prices for selected citrus varieties . Debt which can be supported per $1,000.00 annual payment capacity . . . ... Cu = Copper Fe = Iron Mg = Magnesium Mn = Manganese Zn = Zinc aThe costs in the ADDENDA represent a custom managed operation. Therefore, all equipment costs are based upon the average custom rate costs and a 10 percent handling and supervision charge is added to the material cost. f f . . . . . I i i i i Table 1-A.--Spray programs POST BLOOM SPRAY Spray Progr Spray Progr Spray Progr Materials/ Amount/ 'am #1 Ingredients Acre Cost/Acre Ethion 4EC 5 pts $18.43 Cu 15 lbs 19.72 Zn 15 lbs 15.18 Mn 15 lbs 5.12 Adjuvant (Surfactant) 1 pt 2.82 Ground Application 500 gals 36.00 Total per Application $97.27 Materials/ Amount/ 'am #2 Ingredients Acre Cost/Acre Cu 15 lbs $19.72 Zn, Mn, Nitrates 1 pt 1.01 Kelthane MF 2.5 pts 13.50 Ground Application 125 gals 18.22 Total per Application $52.45 Materials/ Amount/ *am #3 Ingredients Acre Cost/Acre Dicofol 4E 5 pts $27.45 Cu 10 lbs 13.15 Adjuvant (Surfactant) 0.5 pt 1.41 Ground Application 250 gals 24.72 Total per Application Your Cost/Acre Your Cost/Acre Your Cost/Acre $66.73 Table 1-A.--POST BLOOM SPRAY (cont'd.) Materials/ Amount/ Spray Program #4 Ingredients Acre Cost/Acre Dicofol 4E 5 pts $27.45 Zn, Mn, Fe Nitrates 1 pt 1.01 Cu 15 lbs 19.72 Adjuvant (Surfactant) 1 pt 2.82 Ground Application 500 gals 36.00 Total per Application $87.00 ---------------------------------------------------------- Materials/ Amount/ Spray Program #5 Ingredients Acre Cost/Acre Vendex WP 1.25 lbs $24.06 Adjuvant (Surfactant) 1 pt 2.82 Ground Application 500 gals 36.00 Total per Application $62.88 ------------------------------------------------------- Materials/ Amount/ Spray Program #6 Ingredients Acre Cost/Acre Vendex 4L 2 pts $38.79 Adjuvant (Surfactant) 1 pt 2.82 Ground Application 250 gals 24.72 Total per Application $66.33 SUMMER SPRAY Spray Program #7 Materials/ Ingredients Oil 97+% Cu Ethion 4EC Ground Application Amount/ Acre 5 gals 7 lbs 6 pts 250 gals Total per Application Cost/Acre $ 9.63 9.86 22.12 24.72 $66.33 Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Table 1-A.--SUMMER SPRAY (cont'd.) Materials/ Amount/ Spray Program #8 Ingredients Acre Cost/Acre Oil 97+% 5 gals $ 9.63 Agri-Mek 10 ozs 41.58 Ground Application 500 gals 36.00 Total per Application $87.21 Materials/ Amount/ Spray Program #9 Ingredients Acre Cost/Acre Oil 2.5 gals $ 4.81 Vendex 50WP 2 lbs 38.50 Cu 7 lbs 9.86 Ground Application 250 gals 24.72 Total per Application $77.89 ---------------------*-------------*.-----meoee-----em------- Materials/ Amount/ Spray Program #10 Ingredients Acre Cost/Acre Ethion 4EC 6 pts $22.12 Cu 7 lbs 9.86 Oil 5 gals 9.63 Ground Application 500 gals 36.00 Total per Application $77.61 Materials/ Amount/ Spray Program #11 Ingredients Acre Cost/Acre (Scale insects) Lorsban 4EC 7 pts $34.65 Adjuvant (Surfactant) 1 pt 2.82 Ground Application 500 gals 36.00 Total per Application $73.47 Table 1-A.--FALL SPRAY Materials/ Amount/ Spray Program #12 Ingredients Acre Cost/Acre Kelthane MF 6 pts $32.41 Adjuvant (Surfactant) 1 pt 2.82 Ground Application 250 gals 24.72 Total per Application $59.95 - - - - -- - -- -- --a Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Table 1-A.--FALL SPRAY (cont'd.) Materials/ Amount/ Spray Program #13 Ingredients Acre Cost/Acre Vendex 50WP 2 Ibs $38.50 Sulfur 25 lbs 4.68 Adjuvant (Surfactant) 0.5 pt 1.41 Ground Application 250 gals 24.72 Total per Application $69.31 ---------------------------------------------------------- Materials/ Amount/ Spray Program #14 Ingredients Acre Cost/Acre Kelthane MF 6 pts $32.41 Adjuvant (Surfactant) 1 pt 2.82 Aerial Application 15 GPA 5.81 Total per Application $41.04 ---------------------------------------------------------- Materials/ Amount/ Spray Program #15 Ingredients Acre Cost/Acre Sulfur (Dust) 60 lbs $11.22 Aerial Application 15 GPA 5.81 Total per Application $17.03 ---------------------------------------------------------- Materials/ Amount/ Spray Program #16 Ingredients Acre Cost/Acre Vendex 4L 1.25 pts $24.24 Aerial Application 15 GPA 5.81 Total per Application $30.05 ---------------------------------------------------------- Materials/ Amount/ Spray Program #17 Ingredients Acre Cost/Acre Vendex 4L 2 pts $38.79 Aerial Application 15 GPA 5.81 Total per Application $44.60 Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Table 2-A.--Herbicide Herbicide Program #1 (Strip/band) Materials Krovar II Gramoxone Amount/ Grove Acrea 6 lbs 1.5 pts Cost/ Grove Acre $61.97 8.07 Your Cost/ Grove Acre Ground Application (2 times) 80 gals 21.00 Total for 2 Applications $91.04 Amount/ Cost/ Herbicide Program #2 Materials Grove Acrea Grove Acre (Strip/band) Krovar II 6 lbs $61.97 Gramozone 5 pts 26.90 Ground Application (2 times) 80 gals 21.00 Total for 2 Applications $109.87 Amount/ Cost/ Herbicide Program #3 Materials Grove Acrea Grove Acre (Strip/band) Solicam 80DF 8 lbs $113.34 Simazine 90DF 4 lbs 13.29 Ground Application (2 times) 80 gals 21.00 Total for 2 Applications $147.63 Amount/ Cost/ Herbicide Program #4 Materials Grove Acrea Grove Acre (Strip/band) Round-up 2 qts $32.34 Adjuvant (Surfactant) 1 pt 2.82 Ground Application (1 time) 20 gals 10.50 Total for 1 Application $45.66 Amount/ Cost/ Herbicide Program #5 Materials Grove Acrea Grove Acre (Strip/band) Krovar II 6 lbs $ 61.97 Round-up 1 pt 8.09 Adjuvant (Surfactant) 1 qt 5.64 Your Cost/ Grove Acre Your Cost/ Grove Acre Your Cost/ Grove Acre Your Cost/ Grove Acre Ground Application (3 times) 120 gals 31.50 Total for 3 Applications $107.20 -- aWith 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. L Table 2-A.--Herbicide (cont'd.) Herbicide Program #6 Materials Amount/ Grove Acre Cost/ Grove Acre Your Cost/ Grove Acre (Strip/band) Round-up Princep (Caliber 90) Adjuvant (Surfactant) Ground Application (1 time) 50 gals 10.50 Total for 1 Application $45.43 ------------------------------------------------------- Amount/ Cost/ Herbicide Program #7 Materials Grove Acrea Grove Acre Your Cost/ Grove Acre (Strip/band) Round-up Adjuvant (Surfactant) Ground Application (1 time) 10.50 Total for 1 Application $32.32 ---------------------------------------------------------- Amount/ Cost/ Herbicide Program #8 Materials Grove Acre Grove Acre Your Cost/ Grove Acre (Chemical mow) Round-up Adjuvant (Surfactant) Ground Application (1 time) Total for 1 Application - - - - - ------------"" " " Amount/ Cost/ Herbicide Program #9 Materials Grove Acre Grove Acre Your Cost/ Grove Acre (Chemical mow) Round-up Adjuvant (Surfactant) Ground Application (1 time) Total for 1 Application Table 3-A.--Dry fertilizer Program #1 (162 Ibs N/Acre) Analysis/Material Applied 12-2-15-2.4 MgO 0.75 pt 0.25 pt Amount/ Acre 1350 Ibs $ 6.07 0.71 7.83 $13.90 Cost/Acre $104.53 Application 3 times 19.50 Total for 3 Applications $124.03 ----------------------------------------------- 1 qt 4 lbs 1 qt $16.18 13.11 5.64 1 qt 1 qt $16.18 5.64 0.5 pt 0.25 pt $ 4.05 0.71 7.83 $12.59 Your Cost/Acre Table 3-A.--Dry fertilizer (cont'd.) Program #2 (180 lbs N/Acre) Analysis/Material Applied 12-2-15-2.4 MgO Application 3 times 19.50 Total for 3 Applications $134.79 -- -- -- -- -- -- - -- -- -- - -- -- -- -- -- -- -- Program #3 (204 lbs N/Acre) Analysis/Material Applied 17-4-17-2.4 MgO Applications 2 times 13.00 Total for 2 Applications $124.17 Program #4 (225 lbs N/Acre) Analysis/Material Applied 15-2-15-2.4 MgO Application 3 times 19.50 Total for 3 Applications $144.18 Program #5 (240 lbs N/Acre) Analysis/Material Applied 16-2-16-3 MgO Application 3 times 19.50 Total for 3 Applications $150.23 Program #6 (272 lbs N/Acre) Analysis/Material Applied 17-0-17-3 MgO Application 3 times 19.50 Total for 3 Applications $162.94 Amount/ Acre 1500 lbs Cost/Acre $115.29 Your Cost/Acre Amount/ Acre 1200 lbs Cost/Acre $111.17 Your Cost/Acre Amount/ Acre 1500 lbs Cost/Acre $124.68 Your Cost/Acre Amount/ Acre 1500 lbs Cost/Acre $130.73 Your Cost/Acre Amount/ Acre 1600 lbs Cost/Acre $143.44 Your Cost/Acre Table 3-A.--Dry fertilizer (cont'd.) Analysis/Material Amount/ Program #7 Applied Acre Cost/Acre (Young Trees-- 8-4-8 with minors 475 Ibs $30.32 Solid Set) Application 1 time 6.50 Total for 1 Application $36.82 Analysis/Material Amount/ Program #8 Applied Acre Cost/Acre (Young Trees-- 8-4-8 with minors 302 lbs $19.07 Solid Set) Application 1 time 6.50 Total for 1 Application $25.57 Your Cost/Acre Your Cost/Acre Table 4-A.- Program #1 (180 lbs Program #2 (180 lbs Program #3 (180 lbs *-Liquid fertilizer (Double boom application) Analysis/Material Amount/ Applied Acre Cost/Acre N/Acre) 12-0-12 1500 lbs $ 94.06 Double Boom Application 3 times 32.40 Total for 3 Applications $126.46 ------------------------------------------------ Analysis/Material Amount/ Applied Acre Cost/Acre N/Acre) 12-4-12 1500 lbs $107.56 Double Boom Application 3 times 32.40 Total for 3 Applications $139.96 ------------------------------------------------ Analysis/Material Amount/ Applied Acre Cost/Acre N/Acre) 12-0-12 1500 lbs $ 94.06 Krovar II 6 lbs 61.97 Double Boom Application 3 times 32.40 Total for 3 Applications $188.43 Table 5-A.--Fertigation Program #1 (Supplement Program #2 (Supplement Program #3 (Exclusive) Analysis/Material Amount/ Applied Acre Cost/Acre .al) 10-0-10 400 lbs $20.96 Application 3.89 Total $24.85 ------------------------------------------- Analysis/Material Amount/ Applied Acre Cost/Acre gal) 8-4-8 750 lbs $41.33 Application 4.90 Total per Application $46.23 ------------------------------------------- Analysis/Material Amount/ Applied Acre Cost/Acre 8-0-8 2000 lbs $ 99.19 Application 13.67 Total per Application $112.86 Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Table 6-A.--Nematicides Program #1 Program #2 Program #3 Analysis/Material Amount/ Applied Acre Cost/Acre Temik 15 G 33 Ibs $120.15 Application 1 time 14.50 Total per Application $134.65 -------------------------------------------- Analysis/Material Amount/ Applied Acre Cost/Acre Nemacur 15 G 67 lbs $210.78 Application 1 time 14.50 Total per Application $225.28 -------------------------------------------- Analysis/Material Amount/ Applied Acre Cost/Acre Nemacur 15 G 50 Ibs $157.30 Application 1 time 14.50 Total per Application $171.80 Table 7-A.--Soil amendment Analysis/Material Amount/ Program #1 Applied Acre Cost/Acre (Every 3 years) Dolomite (Delivered) 1 ton $23.51 Application 1 time 6.56 Total per Application $30.07 (Average 1/3 Ton Applied/Yr) $10.02 ------------------------------------------------------------- Analysis/Material Amount/ Program #2 Applied Acre Cost/Acre (Every year) Dolomite (Delivered) 1000 Ibs $11.76 Application 1 time 6.56 Total per Application $18.32 Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre 21 Table 8-A.--Irrigation--annual cost per acre DRIP Program #1 Operating $54.56 (Electric) Your Cost/Acre Program #2 $37.10 (Diesel) Maintenance of System 34.61 39.80 Total Cost $89.17 $76.90 ---------------------wom------------------------------------ MICROSPRINKLER Program #3 Operating $ 68.21 (Electric) Your Cost/Acre Program #4 $46.38 (Diesel) Maintenance of System 41.16 47.34 Total Cost $109.37 $93.72 -----FLOOD --VOLUME GUN (TRAVELING) FLOOD VOLUME GUN (TRAVELING) Program #5 Operating $88.84 Your Cost/Acre Program #6 $204.23 (Diesel) Maintenance of System 6.26 17.08 Total Cost $95.10 $221.31 DRAINAGE DITCH ANNUAL COSTS DRAINAGE DITCH ANNUAL COSTS Ditches/Canals Maintenance Weed Control in Ditches/Canals Water Control: In/Out of Ditches and Canals Total Program #7 $27.73 8.71 35.40 $71.84 Your Cost/Acre Your Cost/Acre Your Cost/Acre Your Cost/Acre Table 9-A.--A listing or 1990 custom rates reported by twenty Indian River and South Florida citrus caretakers Range of Rate Average Grove Practice Unit Reported Rate Coments CULTIVATION AND EQUIPMENT: Hand Hoe/Hand Labor Rotovate Dise 7* Disc 10' How: Ofr-set or Side Mower 5-8' 9-10' 15-16' V-Mower Slckle IMKer Herbicide (Strip/Band-- Single too") Herbicide (Strip/Band-- Single goom) Herbicide (Strip/Band-- Double tooe) Herbicide (Trunk-to-Trunk) Herbicides (Chemical Now) Herbicide (Chemical Now) Herbicide Spoi Treatment Temik/Nesacur Plow Backhoe Vine Puller Truck with Driver Truck with Driver Tractor with Driver Power Saw with Operator Power Saw w/out Operator Bush Hog Middle Buster Hound Builder Grader Blade SPRAIING:z Hand Sprayer Air Curtain Sprayer Boom Sprayer Dilute, 500 gal. tank 22, 500 gal. tank 3X, 500 gal. tank 41, 500 gal. tank 6X, 500 gal. tank 1,000 CPA 500 CPA 250 GPA 200 CPA 125 GPA Aerial Aerial Aerial Aerial DUSTING:z Aerial Application Hour $ 7.00-$ 10.25 Hour 25.00- 37.00 Hour 21.00- 30.00 Hour 21.50- 30.00 $27.50/Houri $9.0O/Are Hour 21.50- 27.50 Hour 22.00- 30.00 Hour 25.00- 30.00 Hour 26.00- 30.00 Hour 23.75- 29.75 $ 8.96 26.81 21.62 25.75 24.08 25.29 27.13 28.00 26.10 Plus transportation; One reporting base wage rate plus 651 Averagso $8.50/aore One reporting $9.35/asre (one way) Average $6.75/aore (one way) Hour 23.00- 35.00 28.10 Plus materials Aore 10.00- 14.00 11.50 Plus materials 9.00- 9.00- 26.00- 6.00- 12.00- 22.00- 32.00- 22.00- 13.00- 17.00- 18.00- 12.00- 5.00- 25.00- 18.00- 21.00- - 12.00 12.00 35.00 10.00 17.00 25.75 40.25 22.75 15.50 25.95 25.50 18.00 8.00 25.75 25.00 27.50 Hour $ $ - Acre - Tank -- Tank 15.00- 26.00 Tank 30.00- 45.00 Tank 35.00- 68.00 Tank 49.50- 65.00 Tank 60.00- 80.00 Aere 30.00- 56.00 Acre 30.00- 45.00 Acre 17.50- 31.00 Acre 19.80- 26.00 Acre 15.00- 20.00 Fixed Wing: $3.75/acre Fixed Wing: $5.81/acre Fixed Wing: $6.25/acre 10.80 10.50 30.92 7.63 27.50 14.50 23.19 36.66 22.38 14.38 23.00 21.83 15.05 6.33 25.38 21.50 21.85 15.00 $ 35.00 17.50 33.00 19.50 36.57 48.70 57.25 73 17 39.20 36.00 26.72 23.93 18.22 Helicopter: Helicopter: Helicopter: Plus materials Plus materials Plus material Plus materials Plus materials Plus materials Pick-up truck One reporting 4-VD tractor w/driver--$25.75/hour With tractor and driver; Double V-diak--$35.00/hour With tractor and driver Equipment only Includes tractor, handgun sprayer and two workers One reporting $33.00/hour Average $52.50/hour PTO Air-driven Sprayor--l0/hourl One reporting $20.50/aore $9.75/aore $11.00/aore $20.00/acre ( 5 gallons per acre ( 10 gallons per acre 0 15 gallons per acre 0 20 gallons per acre $7.00/cre; 10.Od/lb. (50 lbs. per aore) FERTILIZING:' Liquid Boon Application: Single Booe--Nitrogen Double Boom: Hix Pertilizer Mix Fertilizer and Herbicide Dry (Bulk) Dry (Bulk) Dry (Bulk) Lime or Dolomite Line or Dolomite Fertilize Young Trees:s Hand Spread Pert. Spreader Inject Liquid Fertilizer Hour $ -- -- $ 34.75 - -- 12.00 5.00- 15.00- 6.00- 5.00- 8.00 18.00 6.00 10.00 12.00 26.75 6.50 16.17 6.56 8.00 Hour 7.00- 10.25 8.96 Plus transportation; One reporting $27.00/hr for tractor & Hour 21.75- 35.00 29.14 Plus materials; $7.50/acre \trailer and $10 per worker Into Irrigation System: Average $25/hour for tractor, driver and fertilizer tank; Average $9.92/acre/sonth (OVER) Table 9-A.--A listing of 1990 custom rates reported by twenty Indian River and South Florida citrus caretakers (cont'd.) Range of Rate Averae Grove Practice Unit Reported Rate Comments IRRIGATION: Water Furrow Disc Water Furrow Cleaner Water Furrow Shaper Rotary Ditcher or Auger Water Sl3nger Water Trencher Water Truck Ring Young Trees: Hand Labor 10"-12" Portable Pump 3 or 4 Wheeler for Microsprinkler START AND SUPERVISE: Microsprinkler/Drip System MicrosprLnkler System Hicrosprinkler Maintenance REMOVING TREES: Front End Loader Tree Shearing (Cutting Tree at Ground Level) Bulldozer--D-3 $ 27.13 26.50 41.67 25.00 23.00 30.00 22.75 S 22.00-4 35.00 22.00- 35.00 35.00- 50.00 22.00- 28.00 7.00- 10.25 18.00- 23.75 Hour 13.00- 17.00 15.00 Acre/Month $ 9.00-$ 11.75 S 9.92 Hour 19.00- 23.00 21.00 Greenhouse*--2.50/aore/month plus parts Equipment only 8.96 Plus transportation 21.25 Includes pump rate and set-up charge Cheek system repair system; 3-4 wheeler and worker- parts Truck and driver-.star/turn-off system \extra Bluebaae--2.75/aere/month plus partti 81aokbase--$3.O7 \acre/month plus parts Hour $ 35.00-A 45.00 $ 41.79 Average range 5 to 20 trees per hour Hour 50.00- 60.00 55.00 Average range 5 to 30 trees per hour Hour -- -- 5.00 PRUNING: General Pruning (Per Man) Hedging: Single Side (Tractor Pulled) Single Side (Tractor Mounted) Double Side (Tractor Pulled) Double Side (Self Propelled) Double Side (Self Propelled) Topping: Tractor Pulled Single Boom (Self Propelled) Single Boom (Self Propelled) Double Boom (Self Propelled) Limb Lifter/Tree Skirt Trimmer Removing Brush: Haul out of Grove How Brush COLD PROTECTION (YOUNG TREES): Hand Labor Hand Labor (Bank or Tree Wrap) Tree Wraps (Labor) Tree Wraps (Material) Tree Wrap Annual Maintenance Hour S 7.00-4 10.25 85.00- 90.00 .. 75.00- 90.00 -- -- -- -- S 8.96 Plus transportation 70.00 70.00 66.67 200.00 280.00 83.75 180.00 260.00 280.00 Acre 15.00- 20.00 16.67 Hour 40.00- 50.00 45.00 Hour 37.00- 45.00 41.00 Hour 20.00- 28.00 24.35 Hour Per Tree Per Wrap Per Wrap Per Wrap S 7.00-$ 10.25 $ 8.96 0.90 -- -- 0.25 0.85- 2.00 1.58 0.10- 0.20 0.15 4 to 8 acres/houri equipment only 3 to 5 acres/hour 4 to 15 acres/hour 8 to 20 sores/hour depending on wood size 15 to 25 acres/hour--double row beds; 8 to 12 acres--single \row beds depending on wood size 1 to 4 mores/hour depending on wood siae Average 8 to 10 acres/hour I to 10 acres/hour depending on wood size; 10 to 20 acres 2 to 10 acres/hour depending \flattop cut from bed tops \on wood size; 15 to 30 acres flattop cut from bed tops 3 to 12 acres/hour Plus transportation and materials For solid-aet plantings plus coat of tree wrap Material charge for tree wrap OTHER CUSTOM RATES: Plant Trees (Solid-Set) Each $ 0.95-$ 1.25 $ 1.10 Plant Trees (Resets) Each 1.50- 2.50 1.97 Varies as to density Skilled Labor Hour 15.00- 20.00 16.53 Mechanic Labor Hour 15.00- 20.00 17.00 Mechanic Labor Hour 29.75- 36.00 31.94 Labor and service truck Grove Management Charge Acre 1.50- 6.00 3.19 In addition to caretakiLchargea; supervising grove care Per Month Acre 4.00- 7.50 5.50 3upervising grove oare \prational varies by grove size One reporting 15i/box (processed) and 25d/box (fresh) for handling and marketing fruit; \Oprations and marketing of fruit Average 51 or net for handling and marketing fruit Irrigation Management/ Maintenance Per Honth Acre 3.00 Consulting Hour -- 85.00 Other Charge Reported 105-15% supervision charge for ll materials and outside contracting Total Acreage Provided Grove Service to: Acre 700- 3,500 2.146 Total acres reporting: 27.893 ZPlus materials. Caretakers reporting rates include labor, tractor and sprayer; supply truck included by moet caretakers. YCalculated by dividing the total number of caretakers reporting a grove practice rate into the sum of the rates reported. Source: Ronald P. AMraro, Extension Farm Management Economist. Lake Alfred CREC, May 1990. Table 10-A.--1990 summary o average chemical and fertilizer price estimates Range of Price Average Item Unit Reported Price Fungicides: Aliette 80WP Benlate Copper Koclde 101 011 (Soluble) 435 Oil (Soluble) 455 Ridoetl 2E Ridomil 50 Insecticides/Nematicide: Agri-e-k (0.15EC) Carol Comite Cygon 400 Diazinon Dioofol 4Mr Ethion Cushion 35W Keltbane MF Logic Bait Lorsban lEC Loraban 150 Malathion Metasyatox-1 Nethyl Bromide 98/2 Morestan 25WP Meauour 3EC Neacur 150 Orthene (7.53) Rotate Sevin 805 Sulphur 6F Sulphur Dust Supracide Telik 150 Vapas Vendex 50W Vendex 4L Vorlex Herbicides: DeVine Diquat Direx Evik 80VP Pusllade 2000 1E Cramoxone (Paraquat) Hyvar L Hyvar I Karnex Krovar I Krovar II Princep (Caliber 90) Princep RL Roundup (2.5 gal.) Roundup (30 gal.) Simzine tL Solloaa Treflan Growth Regulators: Citrus Fix Pro-Gibb 3.91% Other Spray Haterials: Adjuvant (Surractant) Borates Manganese Nutralear (20-20-20) Tre-Hold Zinc lb. lb. lb. lb. gal. gal. gal. lb. gal. lb. gal. gal. gal. gal. gal. lb. gal. lb. gal. lb. gal. gal. lb. lb. gal. lb. lb. lb. lb. gal. ton gal. lb. gal. lb. gal. gal. gal. gal. gal. lb. gal. gal. gal. lb. lb. lb. lb. lb. gal. gal. gal. gal. lb. gal. $ 11.65-$ 12.54 14.55- 15.00 1.25- 1.29 1.77- 1.84 1.60- 1.84 1.66- 1.85 135.00- 141.90 3.45- 3.50 21.70- 25.90 63.00- 64.00 -- -- 39.00- 40.81 25.95- 28.00 38.52- 40.81 6.25- 6.10 35.50- 36.85 1.70- 1.80 32.00- 33.50 10.50- 11.20 53.50- 55.95 2.83- 2.90 7.85- 8.00 1.80- 1.98 3.20- 3.15 330.00- 350.00 39.75- 42.15 3.28- 3.35 140.00- 1e4.98 70.00- 18.00- 95.00- 37.00- 47.50- 4.00- 7.60- 9.10- 2.75- 12.13- 60.00- Woo- 11.75- 12.75- 70.50 22.00 101.20 42.00 48.68 4.25 7.85 10.01 3.00 13.50 64.00 13.50 13.15 -- 220.50- 300.00 30.00- 35.00 19.30- 0.60- 0.28- 21.15 0.65 0.33 0.88- 0.98 (over) $ 12.00 14.80 1.28 1.79 1.75 1.75 136.98 3.57 480.00 25.49 63.25 33.15 26.08 39.91 26.78 4.10 39.27 6.30 35.96 1.73 16.50 32.38 0.75 11.03 55.21 2.86 7.95 1.86 3.32 5.50 340.00 41.35 3.31 6.50 17.50 141.06 19.90 70.25 64.83 20.63 3.85 97.55 39.13 57.94 11.90 4.13 7.72 9.39 2.98 13.03 60.99 56.65 12.38 12.88 28.85 247.00 32.50 20.46 0.61 0.31 0.58 25.00 0.92 Table 10-A.--1990 summary or average chemical (cont'd.) and fertlllier price estimates Range of Price Average Item Unit Reported Price FERTILIZER (FOB Price Plant) Dry Mix 17-0-17-3Mg0 17-a-17-2. MH0 16-0-16 16-0-16-4tg0 16-2-16-3Mgo 15-2-15-2.4HsO 12-2-15-2.4 ao 8-8-8 8-8-8 w/minors 8-2-8 8-4-8 w/minors 8-2-8 8-2-8 w/minors 6-6-6 u/minors Liquid Mix 12-3-6 12-0-6 10-2-10 10-0-10 9-4-9 9-3-9 8-2-8 8-2-8 8-0-8 6-0-12 Slow Release (Young Tree) 6-6-6 w/minors (25% Organic) Osmocote 17-6-9 plus minors Other Fertilizer Materials Amonium Nitrate (215 Liquid) Amonium Nitrate (Dry) Amonlum Sulrate Calcium Nitrate Dolomite (at mine) High Cal Lime (at mine) Huriate of Potash Super Phosphate Triple Superphosphate Average Delivery Cost $147.70-$181.30 157.70- 185.10 129.60- 165.80 146.10- 179.80 1t .90- 178.70 140.00- 170.40 126.00- 158.20 95.80- 129.10 113.00- 133.80 89.90- 122.70 107.50- 127.40 87.00- 119.60 101.00- 132.00 95.50- 104.00 98.30- 86.30- 95.50- 87.50- 97.40- 93.-0- 91.40- 83.-0- 75.50- 76.70- 116.00 102.00 113.00 103.00 115.00 111.00 109.00 101.00 102.00 94.00 ton 50 lb. bag 49.95- 53.00 105.00- 140.00- 85.00- 153.05- 8.95- 130.00- 114.00- 120.00- ton 109.00 185.00 92.00 207.00 14.55 165.00 165.10 183.47 6.50- 18.00 SOURCE: Ronald P. Huraro, Extension Farm Management Economist, CREC, Lake Alfred. Florida. May 1990. $163.00 168.44 144.95 161.67 158.46 151.13 139.74 110.58 121.10 104.75 114.83 101.73 114.40 99.33 107.15 94.15 104.25 95.25 106.20 102.20 100.20 93.05 90.17 85.35 123.10 51.48 107.00 155.00 89.75 175.01 11.75 8.20 151.08 134.78 159.27 10.58 L 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 Raw Land and Semi-improved Pasture Land Preparation: Pasture and Light Palmettos (Clearing) Raw Land (heavy pines, palmettos) Leveling: With Laser Without Laser Bedding: 2-rows (short rows--1,350+ feet) Soil Amendments: Dolomite 1 ton Super Phosphate, 400 lbs. Canals, Ditches and Dikes Reservoirs and Roads Throw-out Pumps for Water Movement Culverts Middle Drop Drainage Pipes Drainage Tile Cover Crop Irrigation Systems: Microsprinkler--with Well2 --without Well Drip--with Well2 --without Well Water Permits, Environmental Studies, and Engineering: Cost Time in Months Percent Land Utilization: Planted to Citrus Ditches and Canals Water Retention Roads and Service Areas $ 1,700-2,500 1,150-1,800 125- 275 350- 600 200- 350 100- 250 100- 195 150- 260 130- 180 45- 60 65- 135 45- 95 140- 160 9- 16 850-1,500 525-1,200 775-1,050 400- 825 2,050 1,450 195 65 275 160 130 35 30 195 155 55 85 105 150 12 1,000 700 875 560 40- 90 70 5- 12 8 55%- 85% 71S 55- 10% 85 10%- 30% 151 31- 15% 6% South Florida Year 1 2 3 4 Solidset Planted Trees3 Microsprinkler Irrigation & Ditch Maintenance Fertilize Tree Supplemental Fertilization thru Irrigation Spray Insulated Tree Wrap (annual maintenance) Sprouting (labor) Cultivation/Mowing Herbicide Ridomil/Aliette Miscellaneous Total Cost Per Year Reset Trees (annual additional grove care costs) ------Cost Per Tree------ $0.40 0.25 0.15 0.30 0.25 0.20 0.44 0.54 0.35 0.43 $3.31 $0.50 0.40 0.20 0.40 0.25 0.20 0.44 0.54 0.35 0.49 $3.77 $0.65 $0.85 0.55 0.56 0.25 0.29 0.47 0.50 0.25 0.00 0.00 0.00 0.44 0.44 0.54 0.54 0.00 0.00 0.42 0.48 $3.2 $3.-9 $2.13 $2.47 $1.84 -- Cost of Planting Trees Solidset a $5.00 Reset a $6.30 1Land cost will vary from one county to another as well as from one parcel to another. 2Irrigation costs include distribution system, power unit and well (where indicated). The higher cost ranges reported also included a cost for fertigation equipment. 3The per tree costs shown are applicable for tree densitites of 145 to 165 trees per acre. 4Tree cost (bare root) = $3.25; stake, plant, and water tree x $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.--Historic pricesa for selected citrus varieties Variety Crop Earlyb and mid-c Late season Temple Tan- Tan- Seedy e Seedless grapefruit year season oranges oranges oranges gerines gelos grapefruit (white) (pink) 1958-59 $2.65 $3.12 $2.87 $1.62 $3.55 $0.83 $1.11 $1.44 1959-60 1.82 2.07 2.41 2.59 4.29 0.91 1.16 1.05 1960-61 2.86 3.08 3.43 1.51 4.91 0.84 1.05 0.99 1961-62 1.93 1.81 2.17 2.04 3.36 0.51 0.68 0.86 1962-63 2.17 3.50 3.09 3.02 4.66 0.74 1.29 1.81 1963-64 4.43 4.45 4.45 3.18 4.83 1.91 2.24 2.54 1964-65 2.57 2.28 2.77 2.68 4.00 1.13 1.51 1.82 1965-66 1.44 1.79 1.80 2.14 2.85 1.09 1.39 1.64 1966-67 0.81 1.08 0.88 1.06 1.64 0.60 0.73 0.94 1967-68 1.86 2.28 2.79 4.29 3.22 1.48 2.05 2.48 1968-69 1.56 1.83 2.22 2.55 2.47 0.81 0.98 1.15 1969-70 1.15 1.13 1.47 2.23 1.13 1.42 1.72 1.92 1970-71 1.10 1.91 1.91 1.88 1.04 1.68 1.89 2.15 1971-72 1.98 2.11 1.95 2.97 1.69 2.01 2.27 2.69 1972-73 1.43 1.71 1.95 2.37 1.39 1.63 2.06 2.53 1973-74 1.38 1.59 1.64 2.82 1.25 1.31 1.58 2.12 1974-75 1.46 1.82 1.68 3.05 1.45 0.87 1.55 2.59 1975-76 1.69 1.88 1.79 3.02 1.42 0.85 1.29 2.23 1976-77 1.89 2.63 2.16 3.29 1.42 1.20 1.49 2.04 1977-78 3.90 4.40 3.92 4.79 3.29 1.45 1.47 2.09 1978-79 4.44 4.95 4.89 4.99 3.90 1.84 2.21 3.13 1979-80 3.59 3.89 2.89 4.25 2.87 3.04 3.12 3.80 1980-81 3.67 4.63 4.21 5.45 3.92 2.92 3.46 4.22 1981-82 4.27 4.29 4.01 6.23 3.58 1.13 1.92 2.80 1982-83 4.88 5.41 -3.99 7.57 4.37 0.70 1.51 3.20 1983-84 5.09 6.72 5.34 5.93 4.28 2.01 2.08 4.05 1984-85 7.30 6.88 5.59 15.91 7.08 2.58 3.02 4.84 1985-86 3.92 3.97 3.01 12.69 4.06 3.27 3.56 4.98 1986-87 4.56 6.02 3.60 10.92 3.72 4.27 4.45 5.80 1987-88 6.72 8.73 5.69 12.99 5.58 4.99 5.35 5.93 1988-89g 6.55 8.40 4.44 12.25 5.85 3.68 4.42 4.76 an-tree average price per box (1-3/5 bushel box equivalents) for all methods of sale minus pick and haul charges. Source: Florida Agricultural Statistics Service. bNavel and Hamlin CParson Brown and Pineapple dValencia eDuncan f Marsh (white) or pink gPreliminary Table 13-A.--Debt which can be supported per $1,000.00 annual payment capacity Loan Interest rate paid on the loan term (years) 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 12.5% 13.0% 13.5% 14.0% 14.5% 15.0% 1 917 913 909 905 901 897 893 889 885 881 877 873 870 2 1,759 1,747 1,754 1,724 1,713 1,701 1,690 1,679 1,668 1,657 1,647 1,636 1,626 3 2,531 2,509 2,487 2,465 2,444 2,423 2,402 2,381 2,361 2,341 2,322 2,302 2,283 4 3,240 3,204 3,170 3,136 3,102 3,070 3,037 3,006 2,974 2,944 2,914 2,884 2,855 5 3,890 3,840 3,791 3,743 3,696 3,650 3,605 3,561 3,517 3,475 3,433 3,392 3,352 6 4,486 4,420 4,355 4,292 4,230 4,170 4,111 4,054 3,998 3,942 3,889 3,836 3,784 7 5,033 4,950 4,868 4,789 4,712 4,640 4,564 4,492 4,423 4,355 4,288 4,224 4,160 8 5,535 5,433 5,335 5,239 5,146 5,056 4,968 4,882 4,799 4,718 4,639 4,562 4,487 9 5,995 5,875 5,759 5,646 5,537 5,431 5,328 5,228 5,,132 5,038 4,946 4,858 4,772 10 6,418 6,279 6,145 6,015 5,889 5,768 5,650 5,536 5,426 5,319 5,216 5,116 5,019 11 6,805 6,647 6,495 6,348 6,207 6,070 5,938 5,810 5,687 5,568 5,453 5,341 5,234 12 7,161 6,984 6,814 6,650 6,492 6,341 6,194 6,054 5,918 5,787 5,660 5,538 5,421 13 7,487 7,291 7,103 6,923 6,750 6,583 6,424 6,270 6,122 5,979 5,842 5,710 5,583 14 7,786 7,572 7,367 7,170 6,982 6,801 6,628 6,462 6,302 6,149 6,002 5,861 5,724 15 8,061 7,828 7,606 7,394 7,191 6,997a 6,811 6,633 6,462 6,299 6,142 5,992 5,847 16 8,313 8,062 7,824 7,596 7,379 7,172 6,974 6,785 6,604 6,431 6,265 6,106 5,954 17 8,543 8,276 8,022 7,779 7,549 7,329 7,119 6,920 6,729 6,547 6,373 6,207 6,048 18 8,756 8,471 8,201 7,945 7,702 7,470 7,250 7,040 6,840 6,649 6,467 6,294 6,128 19 8,950 8,650 8,365 8,095 7,839 7,596 7,366 7,146 6,938 6,739 6,551 6,370 6,198 20 9,129 8,812 8,514 8,231 7,963 7,710a 7,469 7,241 7,025 6,819 6,623 6,437 6,259 25 9,823 9,438 9,077 8,739 8,422 8,123 7,843 7,579 7,330 7,095 6,873 6,663 6,464 30 10,274 9,835 9,427 9,047 8,868 8,364 8,055 7,766 7,496 7,242 7,003 6,778 6,566 35 10,567 10,087 9,644 9,234 8,855 8,503 8,175 7,870 7,586 7,320 7,070 6,836 6,617 40 10,757 10,247 9,779 9,348 8,951 8,587 8,244 7,928 7,634 7,361 7,105 6,866 6,642 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). |