r
TEXAS HIGH PLAINS I
FOREWORD
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The enterprise budgets for Texas High Plains
I Region are based on estimates of yields, produc
tion 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 per
centage 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.
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TEXAS HIGH PLAINS I REGION
Assumed Prices Paid and Received by Farmers If
Item
Unit
Price
lb.
bu.
bag
bag
lb.
$ .45
3.00
45.00
45.00
Prices Paid (1978)
Seed
Grain Sorghum
Wheat (Cleaned and Treated)
Corn (For Grain)
Corn (For Silage)
Forage Sorghum
r
Custom Rates
Combining Corn
Combining Wheat (Dryland)
Combining Wheat (Irrigated)
Combining Grain Sorghum (Dryland)
Combining Grain Sorghum ( I r r i g a t e d )
Corn Drying
Hauling
Corn
Grain Sorghum
Wheat
bu.
acre
acre
acre
cwt.
bu.
bu.
cwt.
bu.
Fuel and Lubricants
Gasoline
L.P. Gas
Diesel Fuel
Motor Oil (Heavy duty, detergent)
gal.
gal.
gal.
gal.
Fertilizer (Bulk)
Nitrogen (Anhydrous)
Phosphorous
lb.
lb.
Labor (Tractor)
Labor (Irrigation)
hour
hour
Chemicals
Pre-emergence Herbicide
Methyl Parathion
Malathion
5 gal.
gal.
gal.
.44
.30
7.00
7.0*
* 7.00
.30
.10
.05
.10
.10
.55
.35
.42
2.40
.10
.18
6.00
5.00
140.00
5.25
11.00
*
1
Texas High Plains I Region
- 2 -
Item
Land
^
Unit
Lease
Hail Insurance
Wheat
Price
acre
$100
$60.00
8.00
Interest
.10
Prices Received (1978)
Wheat
Grain Sorghum
Ensilage (Corn) Standing in Field
Corn (Grain)
bu.
cwt.
ton
bu.
2.20
3.25
15.50
1.95
""%
1/ These price assumptions are not to be interpreted as predictions or
prospective prices.
^
TEXAS HIGH PLAINS I REGION
Estimated Machinery and Equipment Cost Per Hour of Use
Machinery
Item and Size
CO
Tractor 2
Tractor 3
Pickup 1/2 Ton
Rolling Cult. T
Cultivator 6R T
Lister Plntr 6R T
Tandem Disc T
Tandem Disc T
Offset Disc T
Offset Disc T
Chisel T
Rodweeder T
Furrow Opener T
Lister 6R T
Shredder 4R T
Grain Drill T
Box Float T
Herb Spr/Disc T
Rolling Cultivator H
Lister Plntr 8R H
Item
No.
2
3
10
30
33
36
40
41
42
43
44
50
52
54
57
58
60
61
66
72
Purchase
Price
Estimated
Years of Use
$22,000
16,500
5,000
2,150
2,650
2,700
2,000
2,000
3,950
9,000
4,150
3,200
1,200
1,050
2,000
2,300
:. 800
5
5
3
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
450
2,150
3,200
Estimated
Hours of Use
2500
2500
2100
1400
1400
1050
1400
1400
1400
1400
1400
1680
840
1050
875
840
700
700
1400
1050
Fixed Costs
Per Hour
Variable Costs
Per Hour
$7.23
4.99
1.90
1.86
2.29
3.12
1.72
3.42
2.76
7.74
3.59
2.30
1.72
1.20
2.76
3.34
1.41
$5.20
4.36
4.58
.86
1.08
1.44
.81
1.59
1.29
2.99
1.67
1.08
.81
.57
1.29
1.53
.79
.59
.35
2.42
3.70
1.13
1.71
(Continued)
c
'
(
c
Texas High Plains I Region
(Continued)
Machinery
Item and Size
Tandem Disc H
Offset Disc H
Chisel H
Rodweeder H
Rodweeder H
Lister 8R H
Shredder 4R H
Grain Drill H
Float Box H
Herb Spr/Disc H
Item
No.
76
78
79
85
87
90
92
93
95
96
Purchase
Price
Estimated
Years of Use
$ 3,950
9,000
4,150
3,200
1,200
1,650
2,000
2,300
7
7
7
7
7
7
7
7
7
7
400
450
Estimated
Hours of Use
1400
1400
1400
1680
840
1050
875
840
700
700
Fixed Costs
Per Hour
$3.42
7.92
3.59
2.30
4.26
1.89
2.76
3.31
1.41
.79
Variable Costs
Per Hour
$1.59
3.29
1.67
1.07
1.67
.90
1.29
1.55
.59
.10
f^'
CORN FOR GRAIN* SPRINKLER IRRIGATED* TEXAS HIGH PLAINS 1 REGION
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT
UNIT
1* GROSS RECEIPTS FROM PRODUCTION
CORN
TOTAL
VARIABLE COSTS
PREHARVEST
SEED
FERT CN) APPL'O
FERT IP) APPLSD
HERBICIDE
INSECTICIDE
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABORCTRACTOR & MACHINERY)
LABOR!IRRIGATION!
INTEREST ON OP. CAP.
, SUBTOTAL. 1PRE-HARVEST
HARVEST COSTS
CUSTOM COMBINE
CUSTOM-HAUL
CUSTOM DRYING
SUBTOTAL. 1HARVEST
BU.
BAGS
LBS.
LBS.
ACRE
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
PRICE
OR
VA L U E
OR
COST/UNIT QUANTITY COST
1.95
125.00
45.00
0.10
0.19
8.75
15.50
4 . 11
6.64
53.20
6.00
5.00
0.10
0.35
200*00
40.00
1.00
1.00
1.00
1.00
1.00
2.91
0.96
40.05
.__&__£
S
BU.
BU*
BU.
0.30
0.05
0.10
125.00
125.00
125.00
37.50
6.25
s
.-l___fl
56.25
$ 214.08
3. INCOME ABOVE VARIABLE COSTS
G
15.75
20.00
7.60
8.75
15.50
4 . 11
6.64
53.20
17.48
4.80
$ 157.83
TOTAL VARIABLE COST
FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LANO CNET RENT)
TOTAL FIXEO COSTS
$ 243.75
S 29.67
ACRE
ACRE
ACRE
ACRE
6.13
9.22
32.06
0.94
1.00
1.00
1.00
1.00
6.13
9.22
32.06
___J>A_J9r
S 48.34
5. TOTAL COSTS
S 262.42
6. NET RETURNS
S -18.67
LAND CHARGE 33% GROSS LESS 33% SEED* FERT* CHEM* GAS* HARVEST £> 50% OF
IRRIG* FIXED COSTS. GOV'T DEFICIENCY PAYMENT NOT INCLUDEO.
PREPARED BY DR. RAY W. SAMMONS* TAEX* AMARILLO* TEXAS PROJECTED 1978
CORN FOR GRAIN. SPRINKLER IRRIGATED. TEXAS HIGH PLAINS 1 REGION
ESTIMATEO COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT
OPERATION
SHREDDER 4R
TM
OFFSET DISC
TM
CHISEL
TM
OFFSET DISC
TM
LISTER-PLNT6R TM
CULTIVATOR 6R TM
PICKUP 1/2 TON
TOTALS
ITEM
NO.
DATE
FUEL.OIL. FIXED
TIMES LABOR MACHINE LUB..REP. COSTS
OVER HOURS HOURS PER ACRE PER ACRE
2 . 5 7 JAN
1.00 0.354 0.197
2.43
MAR
1 . 0 0 0 . 2 1 2 0 . 11 8
MAR
2.44
2.00 0.429 0.238
2.43
APR
1.50 0.318 0.177
2 . 3 6 MAY
1.00 0.371 0.206
2 . 3 3 MAY
1.00 0.228 0.127
1 0 SEPT
10
SEP 0.80 __JJ_2fl- __.QA_0_
1.48
1 .09
1.89
1.63
1.58
0.93
2.25
1.93
2.92
2.90
2.43
1.39
-_juU
-JL451
2.914 1.863
10.75
15.34
LANO CHARGE 33% GROSS LESS 33% SEED. FERT* CHEM, GAS. HARVEST & 50% OF
IRRIG. FIXED COSTS. GOV"T DEFICIENCY PAYMENT NOT INCLUDED.
PREPAREO BY DR. RAY tf• SAMMONS. TAEX* AMARILLO. TEXAS PROJECTED 1978
BUDGET IDENTIFICATION NUMBER™ 72 001502 170 0
ANNUAL CAPITAL MONTH 9
~s
r
CORN FOR GRAIN. SPRINKLER IRRIGATED. TEXAS HIGH PLAINS 1 REGION
ESTIMATED COSTS AND RETURNS PER ACRE
HIGH LEVEL MANAGEMENT
PRICE
OR
VA L U E
OR
UNIT COST/UNIT QUANTITY COST
GROSS RECEIPTS FROM PRODUCTION
CORN
TOTAL
r
VARIABLE COSTS
PREHARVEST
SEED
FERT (N) APPL«D
FERT (P) APPL«D
HERBICIDE
INSECTICIDE
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABOR(TRACTOR & MACHINERY)
LABOR*IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL. PRE-HARVEST
HARVEST COSTS
CUSTOM COMBINE
CUSTOM HAUL
CUSTOM DRYING
SUBTOTAL. HARVEST
BU.
BAGS
LBS.
LBS.
ACRE
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
1.95
140.00
45.00
0 . 11
0.16
8.25
20.50
3.75
5.46
63.84
6.00
5.00
0.10
0.38
220.00
40.00
1.00
1.00
1.00
1.00
1.00
2.57
1.15
44.85
$
BU.
BU.
BU.
0.30
0.05
0.10
140.00
140.00
140.00
42.00
7.00
_,iA*_flT
S 63.00
$ 238.20
3. INCOME ABOVE VARIABLE COSTS
r
17.10
24.20
6.40
8.25
20.50
3.75
5.46
63.84
15.45
5.76
$ 175.20
TOTAL VARIABLE COST
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND (NET RENT)
TOTAL FIXED COSTS
S 273.00
34.80
ACRE
ACRE
ACRE
ACRE
5.10
7.58
38.47
-2.29
1.00
1.00
1.00
1.00
5.10
7.58
38.47
_-=__29
S 48.86
5. TOTAL COSTS
S 287.06
6. NET RETURNS
S -14.06
LAND CHARGE 33% GROSS LESS 33% SEED. FERT. CHEM. GAS. HARVEST £ 50% OF
IRRIG. FIXED COSTS. GOV'T DEFICIENCY PAYMENT NOT INCLUDED.
PREPARED BY DR. RAY tf. SAMMONS. TAEX. AMARILLO. TEXAS PROJECTEO 1978
CORN FOR GRAIN* SPRINKLER IRRIGATED* TEXAS HIGH PLAINS 1 REGION
ESTIMATED COSTS AND RETURNS PER ACRE
HIGH LEVEL MANAGEMENT
OPERATION
SHREDDER 4R HLM
CHISEL
HLM
OFFSET DISC HLM
TANDEM DISC HLM
LIST-PLNTR8R HLM
CULTIVAT0R8R HLM
PICKUP 1/2 TON
TOTALS
ITEM
NO.
2*92
2*79
2*78
2*76
2*72
2*69
10
DATE
FUEL.OIL. FIXED
TIMES LABOR MACHINE LUB..REP. COSTS
OVER HOURS HOURS PER ACRE PER ACRE
JAN
JAN
MAR
APR
MAY
MAY
SEPT
1*00
2*00
2.00
1.50
1.00
1.00
0.80
0.279
0.375
0.265
0.263
0.233
0.160
0.155
0.209
0.147
0.146
0.129
0.089
1.17
1.65
1.40
1.14
1.03
0.68
-_i.-aa _.__£_£
„-il-
1.77
2.56
2.44
1.76
1.60
1.03
_l^Sfr
2.574 1.675
9.21
12.68
^
LAND CHARGE 33% GROSS LESS 33% SEED* FERT* CHEM* GAS* HARVEST & 50% OF
IRRIG* FIXED COSTS* GOV'T DEFICIENCY PAYMENT NOT INCLUDED.
PREPARED BY DR. RAY M. SAMMONS* TAEX* AMARILLO* TEXAS PROJECTED 1978
BUDGET IDENTIFICATION NUMBER- — . 72 001501 170 O
ANNUAL CAPITAL MONTH 9
^
)
~
>
r
CORN FOR GRAIN. FURROW IRRIGATE-. TEXAS HIGH PLAINS 1 REGION
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT
UNIT
GROSS RECEIPTS FROM PRODUCTION
CORN
TOTAL
VARIABLE COSTS
PREHARVEST
SEED
FERT (150-0-0)
HERBICIDE
INSECTICIDE
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABOR(TRACTOR & MACHINERY)
LABOR!IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL. PRE-HARVEST
r
HARVEST COSTS
CUSTOM COMBINE
CUSTOM HAUL
CUSTOM DRYING
SUBTOTAL. HARVEST
BU.
BAGS
LBS.
ACRE
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
PRICE
OR
VA L U E
OR
COST/UNIT QUANTITY COST
1.95
11 0 . 0 0
-2J._,5_
% 214.50
45.00
0.10
8.75
15.50
4.86
11.33
37.87
6.00
5.00
0.10
0.35
200.00
1.00
1.00
1.00
1.00
1.00
4.64
2.71
46.49
15.75
20.00
8.75
15.50
4.86
11 . 3 3
37.87
27.85
13.53
±__5
S 160.10
BU.
BU.
BU.
0.30
0.05
0.10
11 0 . 0 0
33.00
11 0 . 0 0
5.50
1 1 0 . 0 0 _ , _ J U fl 0
% 49.50
TOTAL VARIABLE COST
S 209.60
3. INCOME ABOVE VARIABLE COSTS
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND (NET RENT)
TOTAL FIXED COSTS
r
4.90
ACRE
ACRE
ACRE
ACRE
6.29
15.74
19.63
8.33
1.00
1.00
1.00
1.00
S
6.29
15.74
19.63
____
49.99
5. TOTAL COSTS
% 259.59
6. NET RETURNS
$ -45.09
LAND CHARGE 33% GROSS LESS 33% SEED. FERT. CHEM. GAS* HARVEST &
50% OF IRRIG. FIXED COSTS. GOV'T DEFICIENCY PAYMENT NOT INCLUDED.
PREPARED BY DR. RAY W. SAMMONS* TAEX. AMARILLO. TEXAS PROJECTED 1978
10
CORN FOR GRAIN. FURROW IRRIGATED* TEXAS HIGH PLAINS 1 REGION
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT
OPERATION
SHREDDER 4R
TM
TM
TANDEM DISC
CHISEL
TM
PICKUP 1/2 TON
OFFSET DISC
TM
TANDEM DISC
TM
TM
BOX FLOAT
TM
LISTER 6R
TM
RODWEEDER
LISTER-PLNT6R TM
HERB SPR/DISC TM
ROLLING CULT TM
TOTALS
ITEM
NO.
2*57
2.41
2*44
10
2.42
2.41
2.60
2*54
2*50
2.36
2.61
2.30
DATE
F U E L . O I L . FIXED
COSTS
TIMES LABOR MACHINE L U B . . R E P.
OVER HOURS HOURS PER ACRE PER ACRE
NOV
NOV
DEC
OEC
FEB
FEB
MAR
MAR
APR
APR
APR
MAY
1.00
1.00
1.00
1.10
1.00
1.00
2.00
1.00
1.00
1.00
1.00
1.00
0.197
0 . 11 8
0 . 11 9
1.100
0.168
0 . 11 8
0.393
0.123
0.059
0.206
0.196
1 .48
0.92
0.94
2.95
1.27
0.92
2.68
0.84
0.47
1.58
1 .29
0.212 _0_JUfl
-JUd-
2.25
1.42
1.46
2.08
1.93
1.42
3.96
1.21
0.76
2.43
1.86
_l*2_r
4.642
16.19
22.03
0.354
0.212
0.215
1 .375
0.303
0.212
0.707
0.221
0.106
0.371
0.354
2.915
"
>
-
>
LAND CHARGE 33% GROSS LESS 33% SEED. FERT. CHEM. GAS. HARVEST &
50% OF IRRIG. FIXED COSTS. GOV'T DEFICIENCY PAYMENT NOT INCLUDED.
PREPARED BY DR. RAY W. SAMMONS. TAEX. AMARILLO. TEXAS PROJECTED 1978
BUDGET IDENTIFICATION NUMBER™ 72 001602 120 O
ANNUAL CAPITAL MONTH 9
11
CORN FOR GRAIN. FURROW IRRIGATED* TEXAS HIGH PLAINS 1
ESTIMATED COSTS AND RETURNS PER ACRE
HIGH LEVEL MANAGEMENT
UNIT
1. GROSS RECEIPTS FROM PRODUCTION
CORN
T O TA L
r
VARIABLE COSTS
PREHARVEST
.
SEED
FERT (N) APPL'D
HERBICIDE
INSECTICIDE
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABORCTRACTOR & MACHINERY!
LABOR(IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL. PRE-HARVEST
HARVEST COSTS
CUSTOM COMBINE
CUSTOM HAUL
CUSTOM DRYING
SUBTOTAL. HARVEST
BU.
REGION
PRICE
OR
VA L U E
OR
COST/UNIT QUANTITY COST
1.95
140.00
45.00
0.10
8.75
20.50
4.49
9.06
44.76
6.00
5.00
0.10
0.38
220.00
1.00
1.00
1.00
1.00
1.00
3.89
3.20
49.31
0.30
0.05
0.1 0
140.00
140.00
140.00
*
BAGS
LBS.
ACRE
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
17.10
22.00
8.75
20.50
4.49
9.06
44.76
23.34
15.99
.,_4___
s 170.92
$
BU.
BU.
BU.
TOTAL VARIABLE COST
42.00
7.00
s
._A__0_
63.00
S 233.92
3. INCOME ABOVE VARIABLE COSTS
FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND (NET RENT)
TOTAL FIXED COSTS
-2Z____
S 273.00
39.08
ACRE
ACRE
ACRE
ACRE
5.89
12.45
23.20
15.64
1.00
1.00
1.00
1.00
5.89
12.45
23.20
- _ 1 5 _ fi _
% 57.19
TOTAL COSTS
$ 291.11
6. NET RETURNS
S - 1 8 . 11
LAND CHARGE 33% GROSS LESS 33% SEED. FERT. CHEM. GAS. HARVEST 6
50% OF IRRIG. FIXED COSTS. GOV'T DEFICIENCY PAYMENT NOT INCLUDEO.
PREPARED BY DR. RAY W. SAMMONS. TAEX. AMARILLO. TEXAS PROJECTED 1978
C