r
TEXAS HIGH PLAINS IV
FOREWORD
r
The enterprise budgets for Texas High Plains
IV Region are based on estimates of yields, pro
duction input quantities, and production practices
which represent the best judgment of local produc
ers, county Extension agents-agriculture, financial
institution representatives, farm machinery dealers
and others knowledgeable of the area. Variation
in yields, production inputs and production prac
tices should be expected for particular farms.
gets custom rates, primarily harvesting, were used
in lieu of the assumption that harvesting equip
ment was owned.
Budgets for all major crops produced in the
area are included for two levels of management,
when applicable. Crop yields are directly related
to levels of management. These differences are due
largely to timing of operational practices which
may not be evident in the budgets.
The machinery inventory is applicable to both
typical and high level management. In some bud
Land charges were based on the customary land
lord's crop share less his proportionate share of
certain production and harvesting inputs and a
percentage of fixed cost on the irrigation system
when applicable. A per acre land charge was made
when crop share was not used.
Budgets for establishing permanent type pasture
grasses were prepared and used for prorating estab
lishment costs in the respective pasture and hay
budgets. Forage crops include expenses only be
cause it is expected that the income will be derived
from livestock enterprises.
TEXAS HIGH PLAINS IV REGION
Assumed Prices Paid and Received by Farmers 1/
tern
Unit
Price
Prices paid (1976)
Seed
Cotton (delinted)
Grain Sorghum
Wheat (cleaned and treated)
Alfalfa
Sprigs
Southern peas
cwt.
cwt.
bu.
cwt.
bu.
cwt.
35.00
40.00
7.00
175.00
I .00
55.00
Custom rates
Cotton (harvest and haul)
Combining wheat (dryland)
Combining wheat (irrigated)
Combining grain sorghum (dryland)
Combining grain sorghum (irrigated)
cwt.
acre
acre
acre
cwt.
1.00
7.50
2.00
7.50
.30
HauIing
Grain sorghum
Wheat
cwt.
bu.
.20
.15
Chemical spraying (aerial)
Cotton ginning
acre
cwt.
2.50
I .25
Fuel lubricants
Gasoli ne
L . P. g a s
Diesel fuel
M o t o r o i I ( h e a v y d u t y, d e t e r g e n t )
gal .
gal .
gal .
ga I .
.40
.35
.40
2.40
FertiIizer (buIk)
Nitrogen (anhydrous)
Nitrogen (granular)
lb.
lb.
Labor (except hoeing & irrigation)
Labor (irrigation)
Labor (hoeing)
hour
hour
hour
.16
.30
2.75
2.75
2.25
-2-
tem
ChemicaIs
Pre-emergence herbicide
Methyl parathion
Ma lath ion
Land Lease (cash rent)
Genera I
Hai I Insurance
Wheat
Cotton
Grain Sorghum
Interest
Capita I
Operating
Unit
Pri ce
5 ga
gal .
gal .
40.00
5.25
I I .00
acre
50.00
$100
$100
$100
8.00
12.00
8.00
.08
.10
Price received (1976)
Cotton
Cottonseed
Wheat
Grain sorghum
A l f a l f a h a y ( s t a n d i n g i n fi e l d )
Pasture grazing
lb.
ton
bu.
cwt.
ton
lb.
int
.40
90.00
3.75
4.50
40.00
.20
]_/ These price assumptions are not to be interpreted as predictions or
prospective prices.
" >
TEXAS HIGH PLAINS IV REGION
Estimated Machinery and Equipment Cost Per Hour of Use
Machinery
Item and Size
Tractor - 120 HP
Tractor - 100 HP
Tractor - 45 HP
Pickup - 1/2 ton
Rolling cultivator 6R - 20 feet
MB plow 4B - 5.3 feet
Chisel - 13 feet
Tandem disc - 13 feet
Grain drill - 16 feet
Shredder 4R - 13 feet
Sandfighter (2) - 20 feet
Clod buster - 5.5 feet
Herb sprayer - 24 feet
Cotton trail (9) - 3 feet
Lister 8R - 27 feet
Lister plant 8R - 27 feet
Bed planter - 27 feet
Rolling cultivator 8R - 27 feet
Bed knife 8R - 27 feet
Shredder 2R - 6.7 feet
Purchase
Price
$16,600
12,000
4,000
5,100
1,900
1,550
900
1,750
1,750
1,556
350
450
550
800
1,800
3,000
2,000
2,040
1,000
378
Estimated
Years of Use
5
5
12
3
8
8
8
8
10
8
10
12
10
12
8
8
8
8
8
8
Estimated
Hours of Use
5000
5000
7200
2100
1280
1600
1600
2000
1200
1000
2000
2004
2000
1800
1600
2000
2000
1200
800
1000
Fixed Costs
Per Hour
$3.27
2.37
.93
2.02
2.04
1.34
.78
1.20
2.26
2.14
.27
.38
.42
.75
1.54
2.07
1.37
2.33
1.72
.52
Variable Costs
Per Hour
$5.44
4.22
1.92
3.37
1.11
•72
.24
.38
.63
.75
.08
.10
.12
.28
.63
.84
.56
1.27
.94
.18
J
-4A L FA L FA E S TA B . , I R R I G AT E D , T E X A S H I G H P L A I N S V
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT (CENTER PIVOT SYSTEM)
UNIT
PRICE OR
C O S T / U N I T QUANTITY
VALUF OR
COST
1. GROSS RECEIPTS FROM PRODUCTION
TOTAL
VARIABLE COSTS
PREHARVEST
SEED
FERT( 20-100-60)
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABORCTRACTOR _ MACHINERY)
LABOR( IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL, PRE-HARVEST
0.0
LBS.
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
1.75
54.00
2.30
6.18
17.60
2.75
2.75
0.10
22.00
1.00
1.00
1.00
1.00
2.18
1.50
34.91
s
38.50
54.00
2.30
6.18
17.60
5.Q9
4.12
_._._._
132. 19
HARVEST COSTS
SUBTOTAL, HARVEST
$
TOTAL VARIABLE COST
$ 132.19
INCOME ABOVE VARIABLE COSTS
. -- 1 3 2 . 1 9
FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND (NET RENT)
TOTAL FIXED COSTS
0.0
$
ACRE
ACRE
ACRE
ACRE
2.58
3.63
22.40
39.80
1.00
1.00
1.00
1.00
2.58
3.63
22.40
.-12:22
$"
68.41
5. TOTAL COSTS
$
6. NET RETURNS
$ -- 2 0 0 . 6 0
* LAND CHARGE BASED ON RATES I N R E G I O N , $ 5 0 / A C R E , L E S S
I R R I G AT I O N F I X E D C O S T S .
200.60
5 0 P C T. O F
PROJECTED, 1976
A L FA L FA F S TA B . , I R R I G AT E D , T E X A S H I G H P L A I N S I V R F G I O N
ESTIMATED COSTS AND RETURNS PEP ACRE
TYPICAL MANAGEMENT (CENTER PIVOT SYSTEM)
OPERATION
ITEM
NO.
DATE
FUFL,OIL, FIXFD
T I M E S L A B O R M A C H I N E L U B . , R E P. C O S T S
OVER HOURS HOURS PER ACRE PER ACRE
MBPLOW
4B
1,33
JUNE
1.00
0.712
0.475
CLOD
BUSTER
51
JUNE
1.00
0.0
0.404
PICKUP
10
J U LY
0.10
0.125
0.100
TA N D E M
DISC
3,43
AUG
1.00
0.239
0.159
F E R T. A P P L I , R E N T D 3 , 8 6 A U G 1 . 0 0 0 . 0 9 7 0 . 0 6 4
TA N D E M
DISC
1,43
AUG
1.00
0.239
0.159
PICKUP
10
AUG
0.10
0.125
0.100
GRAIN
DRILL
3,45
SEPT
1.00
0.269
0.179
PICKUP
10
SEPT
0.10
0.125
0.100
PICKUP
10
OCT
0.10
0.125
0.100
PICKUP
10
NOV
0.10
__xl__
______
3.44
0.04
0.34
0.87
0.33
1.10
0.34
1.02
0.34
0.34
_____
-2:22
2.180 1.941
8.48
6.21
TOTALS
2.50
0.15
0.20
0.64
0.18
0.82
0.20
0.91
0.20
0.20
* L A N D C H A R G E B A S E D O N R AT E S I N R E G I O N , S 5 0 / A C R E , L E S S 5 0 P C T. O F
I R R I G AT I O N
FIXED
COSTS.
PROJECTED,
1976
BUDGET IDENTIFICATION NUMBER
A N N U A L C A P I TA L M O N T H 1 2
811004302 470 0
-6A L FA L FA , I R R I G AT E D , T E X A S H I G H P L A I N S I V R E G I O N
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT (CENTER PIVOT SYSTEM)
PRICE
OR
VA L U F
OR
UNIT COST/UNIT QUANTITY COST
I. GROSS RECEIPTS FROM PRODUCTION
HAY
TOTAL
TON
40.00
-222*22
6.50
$ 260.00
2. VARIABLE COSTS
PREHARVEST
FERT(0-100-60)
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABOR(TRACTOR _ MACHINERY)
L A B O R ( I R R I G AT I O N )
INTEREST ON OP. CAP.
SUBTOTAL, PRE-HARVEST
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
48.00
1.68
0.15
42.24
2.75
2.75
0.10
1.00
1.00
1.00
1.00
0.72
3.60
41.15
48.00
1.68
0. 15
42.24
1.98
9.90
__11
$" 1 0 8 . 0 7
HARVEST COSTS
SUBTOTAL, HARVEST
$
$
0.0
TOTAL VARIABLE COST
$
108.07
3. INCOME ABOVE VARIABLE COSTS
4. FI XED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
PRORATED ESTAB. COST
LAND (NET RENT)
TOTAL FIXED COSTS
$ 151.93
$
ACRE
ACRE
ACRE
ACRE
ACRE
1.01
0.07
53.76
200.61
38.12
1.00
1.00
1.00
0.14
1.00
1.01
0.07
53.76
28.69
.-22:12
$ 121.65
5. TOTAL COSTS
$ 229.72
NET RETURNS
$ 30.28
C R O P S O L D S TA N D I N G I N F I E L D .
LAND CHARGE BASED ON LANDLORD SHARE (1/4) LESS 50 PCT.
FIXED COSTS. ESTABLISHMENT COST PRORATED OVER 7 YEARS.
O F I R R I G AT I O N
PROJECTED, 1976
ALFALFA, IRRIGATED, TEXAS HIGH PLAINS IV REGION
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT (CENTER PIVOT SYSTEM)
OPERATION
F E R T. A P P L I , R E N T D
PICKUP
PICKUP
PICKUP
PICKUP
PICKUP
ITEM
NO.
5,86
10
10
10
10
10
DATE
TIMES LABOR MACHINE
OVER
HOURS
HOJRS
MAR
MAR
MAY
J U LY
SEPT
OCT
1.00
0.10
0.10
0.10
0.10
0.10
TOTALS
0.097
0.125
0.125
0.125
0.125
^
FIXED
FUEL,OIL,
L U B . , R E P.
COSTS
PER ACRE PER ACRE
-2*122
0.064
0.100
0.100
0.100
0.100
______
0.15
0.34
0.34
0.34
0.34
_____
0.07
0.20
0.20
0.20
0.20
_____
0.722
0.564
1.83
1.08
* CROP SOLD STANDING IN FIELD.
* LAND CHARGE BASED ON LANDLORD SHARE (1/4) LESS 50 PCT. OF IRRIGATION
FIXED COSTS. ESTABLISHMENT COST PRORATED OVER 7 YEARS. PROJECTED, 1976
BUDGET IDENTIFICATION NUMBER
ANNUAL CAPITAL MONTH 10
81 004602 470 0
ALFALFA ESTAB., IRRIGATED, TEXAS HIGH PLAINS IV
ESTIMATED COSTS AND RETURNS PER ACRE
HIGH LEVEL MANAGEMENT (CENTER PIVOT SYSTEM)
UNIT
PRICE CR
C O S T / U N I T QUANTITY
1. GROSS RECEIPTS FROM PRODUCTION
TOTAL
2 . VA R I A B L E C O S T S
PREHARVEST
SEED
FERT(20-120-100)
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABORITRACTOR _ MACHINERY)
LABOR! IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL, PRE-HARVEST
VALUE OR
COST
$
$
0.0
$
LBS.
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
1.75
72.00
2.30
5.95
17.60
2.75
2.75
0.10
22.00
1.00
1.00
l.oo
1.00
2.18
1.50
40.5 4
38.50
72.00
2.30
5.95
17.60
5.99
4.12
____
$ 150.52
HARVEST COSTS
SUBTOTAL, HARVEST
$
TOTAL VARIABLE COST
$ 150.52
3. INCOME ABOVE VARIABLE COSTS
$-150.52
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND (NET RENT)
TOTAL FIXED COSTS
0.0
$
ACRE
ACRE
ACRE
ACRE
2.58
3.46
22.40
38.80
1.00
1.00
1.00
1.00
2.58
3.46
22.40
—22:22
$ 67.24
5. TOTAL COSTS
$ 217.76
6. NET RETURNS
$-217.76
* LAND CHARGE BASED ON RATES IN REGICN, $50/ACRE, LESS 5 0 P C T. O F
I R R I G AT I O N F I X E D C O S T S .
PROJECTED,
1976
-9-
A L FA L FA E S TA B . , I R R I G AT E D , T E X A S H I G H P L A I N S I V R E G I O N
FSTIMATED COSTS AND RETURNS PER ACRE
HIGH LEVEL MANAGEMENT (CENTER PIVOT SYSTEM)
OPERATION
ITEM
NO.
MBPLOW
4B
1,33
CLOD
BUSTER
51
PICKUP
10
TA N D E M
DISC
3,43
F E R T. A P P L I , R E N T D 3 , 8 6
TA N D E M
DISC
3,43
PICKUP
10
GRAIN
DRILL
3,45
PICKUP
10
PICKUP
10
PICKUP
10
TOTALS
DATE
J U LY
J U LY
J U LY
AUG
AUG
AUG
AUG
SEPT
SEPT
OCT
NOV
FUEL,OIL, FIXED
T I M E S L A B O R M A C H I N E L U B . , R E P. C O S T S
OVER HCURS HOURS PER ACRE PER ACRE
1.00 0.712 0.47 5
1.00 0 .0
0.404
0.10 0.125 0 . 1 0 0
1.00 0 . 2 3 9 0.159
1.00 0 . 0 9 7 0.064
1.00 0 . 2 3 9 0.159
0.10 0.125 0.100
1.00 0 . 2 6 9 0.179
0 . 1 0 0 . 1 2 5 0. 100
0 . 1 0 0.125 0 . 1 0 0
0.10 _2*L22 _ _ _ _ _ _
3.44
0.04
0.34
0.87
0.33
0.87
0.34
1.02
0.34
0.34
.____
2.50
0. 15
0.20
0.64
0. 18
0.64
0.20
0.91
0.20
0.20
.2*22
2.180 1.941
8.25
6.04
* LAND CHARGE BASED ON RATES I N R E G I O N , $ 5 0 / A C R E , L E S S
I R R I G AT I O N F I X E D C O S T S .
B U D G E T I D E N T I F I C AT I O N N U M B E R 8 11 0 0 4 3 0 1 4 7 0 0
A N N U A L C A P I TA L M O N T H 1 2
5 0 P C T. O F
PROJECTED, 1976
ALFALFA, IRRIGATED, TEXAS HIGH PLAINS IV REGION
ESTIMATED COSTS AND RETURNS PER ACRE
HIGH LEVEL MGMT., (CENTER PIVOT SYSTEM)
UNIT
GROSS RECEIPTS FROM PRODUCTION
HAY
TOTAL
VARIABLE COSTS
PREHARVEST
FERT( 0-120-80)
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABORITRACTOR _ MACHINERY)
LABOR(IRRIGATION)
INTEREST ON OP. CAP.
PRICE OR
COST/UNIT QUANTITY
TON
40.0 0
8.50
_______
$ 340.00
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
60.00
1.68
0.33
58.08
2.75
2.75
0.10
1.00
1.00
1.00
1.00
0.72
4.95
52.07
60.00
1.68
0.33
58.08
1.98
13.61
SUBTOTAL, PRE-HARVEST
HARVEST COSTS
SUBTOTAL,
2*21
$" 140.89
$
$
HARVEST
TOTAL VARIABLE COST
0.0
$ 140.89
3. INCOME ABOVE VARIABLE COSTS
$ 199.11
4. FIXED COSTS
MACHINERY
TRACTORS
IRR IGATION MACHINERY
PRORATED ESTAB. COST
LAND (NET RENT)
TOTAL FIXED COSTS
VALUE OR
COST
$
ACRE
ACRE
ACRE
ACRE
ACRE
1.01
0.18
73.92
217.77
48.04
1.00
1.00
1.00
0.14
1.00
1.01
0.18
73.92
31. 14
______
$ 154.29
5. TOTAL COSTS
$ 295.19
6. NET RETURNS
$ 44.81
* C R O P S O L D S TA N D I N G I N F I E L D .
* LAND CHARGE BASED ON LANDLORD SHARE (1/4) L E S S 5 0 P C T. O F I R R I G AT I O N
FIXED COSTS. ESTABLISHMENT COST PRORATED OVER 7 YEARS. PROJECTED, 1976