r
TEXAS HIGH PLAINS II
FOREWORD
r
The enterprise budgets for Texas High Plains
II 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
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.
r
TEXAS HIGH PLAINS II REGION
Assumed Prices Paid and Received by Farmers 1/
Item
Unit
Price
lb.
lb.
$ .33
Prices Paid (1978)
Seed
Cotton (Delinted)
Grain Sorghum
Soybean
Wheat (Cleaned and Treated)
Alfalfa
Corn (For Grain)
Corn (For Silage)
Forage Sorghum
Sugar Beets
r
Custom Rates
Cotton (Strip and Haul)
Combining Corn
Combining Soybeans
Combining Wheat (Dryland)
Combining Wheat (Irrigated)
Combining Grain Sorghum (Dryland)
Combining Grain Sorghum (Irrigated)
Sugar Beets (Harvest and Haul)
Hay Harvest, Swath, Bale, Haul
Corn (Harvest)
Drying Corn
Hauling
Corn
Grain Sorghum
Soybeans
Wheat
'
\
lb.
bu.
lb.
bag
lb.
lb.
lb.
cwt.
bu.
.45
.18
3.00
1.50
45.00
.60
.35
1.25
1.00
.30
acre
acre
acre
acre
cwt.
10.00
7.00
7.00
7.00
ton
4.00
bale
bu.
bu.
bu.
.30
.60
.30
.10
bu.
bu.
.05
.10
.10
.10
Cotton Ginning
cwt,
1.75
Fuel and Lubricants
Gasoline
L.P. Gas
Diesel Fuel
Motor Oil (Heavy Duty, Detergent)
gal,
gal
gal,
gal,
.55
.35
.42
2.40
cwt.
Texas High Plains II Region
- 2 -
Unit
Price
Fertilizer (Bulk)
Nitrogen (Anhydrous)
Phosphorous
lb.
lb.
$ .10
.18
Labor (Tractor)
Labor (Irrigation)
hour
hour
Chemicals
Pre-emergence Herbicide
Methyl Parathion
Malathion
5 gal.
gal.
gal.
Land Lease
Irrigated
Dry
acre
acre
50.00
10.00
Hail Insurance
Wheat
Cotton
Corn
$100
$100
$100
8.00
12.00
8.00
Item
6.00
5.00
140.00
5.25
11.00
.10
Interest
Prices Received (1978)
Cotton
Cottonseed
Wheat
Grain Sorghum
Alfalfa Hay (Standing in Field)
Forage Sorghum Hay (Baled)
Ensilage (Corn) Standing in Field
Corn (Grain)
Soybeans
Sugar Beets (14% Sugar)
lb. lint
ton
bu.
cwt.
ton
ton
ton
bu.
bu.
ton
.44
60.00
2.20
3.25
45.00
45.00
15.00
1.95
4.75
23.00
1/ These price assumptions are not to be interpreted as predictions or
prospective prices.
.
TEXAS HIGH PLAINS II REGION
Estimated Machinery and Equipment Cost Per Hour of Use
Machinery
Item and Size
Tractor 2
Tractor 3
Pickup 10
Rolling Cult. T
Cultivator 6R T
Lister Plntr 6R T
Tandem Disc T
Tandem Disc T
Offset Disc T
Offset Disc T
Rodweeder T
Furrow Opener T
Lister 6R T
Lister 8R T
Shredder 4R T
Grain Drill T
Float Box T
Herb Spr/Disc T
Rolling Cult. H
Cultivator 8R H
Lister Plntr 8R H
Item
No.
2
3
10
30
33
36
40
41
42
43
50
52
54
55
57
58
60
61
66
69
72
Purchase
Price
Estimated
Years of Use
5
5
3
8
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
$22,000
16,500
5,000
2,150
2,650
2,700
2,000
3,950
3,200
9,000
3,200
1,200
1,050
1,650
2,000
2,300
400
450
2,150
3,450
3,200
Estimated
Hours of Use
2500
2500
2100
1400
1400
1050
1400
1400
1400
1400
1680
840
1050
1050
875
840
700
700
1400
1400
1050
Fixed Costs
Per Hour
$7.23
5.00
1.90
1.86
2.29
3.12
1.72
3.42
2.76
7.74
2.30
1.721.20
1.89
2.76
3.34
1.41
.79
2.42
2.98
3.70
Variable Costs
Per Hour
$5.20
4.36
4.58
.86
1.08
1.44
.81
1.59
1.29
2.99
1.08
.81
.57
.90
1.29
1.53
.59
.35
1.13
1.40
1.71
(Continued)
t_
c
u
r
i
(
Texas High Plains II Region
(Continued)
Machinery
Item and Size
Tandem Disc H
Offset Disc H
Offset Disc H
Chisel H
Rodweeder H
Furrow Opener H
Lister 8R H
Shredder 4R H
Grain Drill H
Float Box H
Herb Spr/Disc H
Item
No.
Purchase
Price
76
77
78
79
85
87
90
92
93
95
96
$3,950
3,200
9,000
4,150
3,200
1,200
1,650
2,000
2,300
400
450
Estimated
Years of Use
7
7
7
7
7
7
7
7
7
7
7
Estimated
Hours of Use
1400
1400
1400
1400
1680
840
1050
875
840
700
700
Fixed Costs
Per Hour
$3.42
2.76
7.92
3.59
2_30
4.26
1.89
2.76
3.31
1.41
.79
Variable Costs
Per Hour
$1.59
1.29
3.29
1.67
1.07
1.67
.90
1.29
1.55
.59
.10
ALFALFA ESTABLISHMENT* IRRIGATE.). TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS ANO RETURNS PER ACRE
TYPICAL MANAGEMENT
PRICE
OR
VA L U E
OR
UNIT COST/UNIT QUANTITY COST
1* GROSS RECEIPTS FROM PRODUCTION
TOTAL
0*0
2* VARIABLE COSTS
PREHARVEST
SEED
LBS*
AERIAL
SEEDING
ACRE
MACHINERY
ACRE
TRACTORS
ACRE
I R R I G AT I O N M A C H I N E RY A C R E
LABOR*TRACTOR & MACHINERYI HOUR
L A B O R . I R R I G AT I O N *
HOUR
INTEREST ON OP* CAP* DOL*
SUBTOTAL* PRE-HARVEST
1*50
5*00
2*85
10.52
24*50
6*00
5*00
0*10
30*00
5*00
2*85
10*52
24*50
26*20
8*61
21-97
ZxZSl
% 109*87
HARVEST COSTS
SUBTOTAL* HARVEST
* _ _ _ _ _ _ ™ _ _ 3
S
TOTAL VARIABLE COST
0*0
$ 109*87
3* INCOME ABOVE VARIABLE COSTS
4* FIXED COSTS
MACHINERY
TRACTORS
I R R I G AT I O N M A C H I N E RY
LAND
INET
RENT1
TOTAL FIXED COSTS
20*00
1*00
1*00
1*00
1*00
4*37
1*72
$-109*87
ACRE
ACRE
ACRE
ACRE
3*83
12*03
13*86
18*07
S
1*00
3*83
1*00
12*03
1*00
13*86
1.00 _..j.__apj:
% 47*79
5* TOTAL COSTS
S 157*67
6* NET RETURNS
$-157*67
LAND CHARGE USES S25/ACRE LESS S0% OF IRRIGATION FIXED COSTS*
PREPARED BY RAY SAMMONS* TAEX* AMARILLO* TEXAS
PROJECTED 1978
ALFALFA ESTABLISHMENT, IRRIGATED. TEXAS HIGH PLAINS II REGION
! ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT
§£££?#? fsON
NQ.
DATE
FUEL* OIL, FIXED
TIMES LABOR MACHINE LUB..REP* COSTS
OVER HOURS HOURS PER ACRE PER ACRE
&QLjDjBOARp 48 TW
?$$&&* DISC' T*_
PICKUP 1/2 TON
*£%%£» PfSC T*
•BOX fLQfSJ T*
TA N ^ f S j M D I S C T M
TA j ^ E i p D I S C T M
jPfJDjUJP i/2 TON
3.46
3.40
10
3«40
3*60
3.40
3,40
10
J U LY
#«-.
J U LY
AU6
AUG
AUG
AUG
NOV
1*00
0.889
1-00
0*303
0*10
0*125
2*l>0
0*606
2.00 1.212
1.00 0.303
1.00 0.303
0 . 5 0 _.___J5__5
ITEM
TOTALS
0*494
0* 168
0*100
0.337
0.673
0*168
0.168
_j2_sna
4.367 2.609
2.94
1.02
0*27
2.03
3.73
1.02
* •*?
3*73
1.30
0.19
2.60
. 4.50
1.30
lf30
-J-A-Wt"
__U25
13.37
15.06
CHANGE USJES $25/ACRE LESS* SOX OF IRRIGATION FIXED COSTS*
P^EP^RED BY RAY SAMMONS. TAEX, AMARILLO* TEXAS PROJECTED 1978
BUDGET IDENTIFICATION NUMBER-— 811002402 220 0
ANNUAL CAPITAL MONTH 12
^ * \
ALFALFA. IRRIGATED. TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT
PRICE
OR
VA L U E
OR
UNIT COST/UNIT QUANTITY COST
1. GROSS RECEIPTS FROM PRODUCTION
HAY
TOTAL
TON
45.00
6.00
-27J3_Q_
$ 270.00
LBS.
ACRE
ACRE
HOUR
HOUR
DOL.
0.18
2.14
42.00
6.00
5.00
0.10
80.00
1.00
1.00
1.00
2.95
20.16
14.40
2.14
42.00
6.00
14.76
2 . VA R I A B L E C O S T S
PREHARVEST
FERT <PIAPPL"D
MACHINERY
IRRIGATION MACHINERY
LABORCTRACTOR & MACHINERY)
LABOR.IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL. PRE-HARVEST
r
*__,_____J»2
$
81.32
HARVEST COSTS
SUBTOTAL. HARVEST
$
$
0.0
TOTAL VARIABLE COST
$
81.32
3. INCOME ABOVE VARIABLE COSTS
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
PRORATED ESTAB. COST
LAND (NET RENT)
TOTAL FIXED COSTS
$ 188.68
$
ACRE
ACRE
ACRE
ACRE
ACRE
1.51
0.0
23.76
157.67
38.12
1.00
1 .00
1 .00
0.20
1 .00
1.51
0.0
23.76
31.53
$
._.__fi__l__
94.93
5. TOTAL COSTS
$ 176.25
6. NET RETURNS
93.75
LAND CHARGE USES S50/ACRE LESS 50 PERCENT OF IRRIGATION FIXED COSTS.
ESTABLISHMENT COSTS PRORATED OVER 5 YEARS.
P R E PA R E D B Y R AY S A M M O N S . TA E X . A M A R I L L O . T E X A S P R O J E C T E D 1 9 7 8
r
ALFALFA, IRRIGATED, TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL MANAGEMENT
ITEM
NO*
OPERATION
PICKUP
PICKUP
PICKUP
PICKUP
PICKUP
PICKUP
1/2
1/2
1/2
1/2
1/2
1/2
pick up 1 / 2
PICKUP 1 / 2
TON
TON
TON
TON
TON
TON
TON
TON
TOTALS
10
10
10
10
10
10
10
10
"
DATE
FUEL.OIL. FIXED
TIMES LABOR MACHINE LUB..REP. COSTS
OVER HOURS HOURS PER ACRE PER ACRE
OCT
MAR
APR
MAY
JUNE
JULY
AUG
SEPT
0.10 0.125 0.100
0*10 0.125
0.100
0*10 0.125
0. 100
0.10 0.125
0.100
0.1 0 0 . 1 2 5 0. 100
0.10 0.125
0.100
0.10 0.125 0.100
0 . 1 0 -Q-_J.__5 -JB-Uflfl
0.27
0.27
0.27
0.27
0.27
0.27
0.27
__C____Z
.___1S?
1.000 0.800
2.14
1.51
>
19
19
19
19
19
0.19
0.19
LAND CHARGE USES S50/ACRE LESS 50 PERCENT OF IRRIGATION FIXED COSTS.
ESTABLISHMENT COSTS PRORATED OVER 5 YEARS.
P R E PA R E D B Y R AY S A M M O N S * TA E X . A M A R I L L O , T E X A S P R O J E C T E D 1 9 7 8
BUDGET IDENTIFICATION NUMBER-— 81 002602 220 0
ANNUAL CAPITAL MONTH 9
1
r
ALFALFA ESTABLISHMENT. IRRIGATED. TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS AND RETURNS PER/ACRE
HIGH LEVEL MANAGEMENT
UNIT
PRICE
OR
VA L U E
OR
COST/UNIT QUANTITY COST
1. GROSS RECEIPTS FROM PRODUCTION
TOTAL
2. VARIABLE COSTS
PREHARVEST
SEED
AERIAL SEEDING
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LA80R.TRACT0R & MACHINERY)
LABOR. IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL, PRE-HARVEST
r
0.0
LBS.
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
1.50
5.00
2.97
9.18
24.50
6.00
5.00
0.10
20.00
1*00
1*00
1*00
1.00
3.40
1.72
21.58
30.00
5.00
2.97
9.18
24.50
20.38
8.61
2x16
% 102.79
HARVEST COSTS
SUBTOTAL. HARVEST
$
S
TOTAL VARIABLE COST
S 102.79
$-102.79
3. INCOME ABOVE VARIABLE COSTS
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND <NET RENT)
TOTAL FIXED COSTS
.
0.0
$
ACRE
ACRE
ACRE
ACRE
4.08
12.74
13.86
18.07
1 .00
1.00
1.00
1.00
4.08
12.74
13.86
_._JUBa(!Z
$
48.75
5. TOTAL COSTS
$ 151.54
6. NET RETURNS
$-151.54
LAND CHARGE USES S25/ACRE LESS 50% OF IRRIGATION FIXED COSTS.
P R E PA R E D B Y R AY S A M M O N S . TA E X . A M A R I L L O . T E X A S P R O J E C T E D 1 9 7 8
r
10
ALFALFA ESTABLISHMENT. IRRIGATED. TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS ANO RETURNS PER/ACRE
HIGH LEVEL MANAGEMENT
OPERATION
MLBD ROLLOVR HLM
TANDEM DISC HLM
PICKUP 1/2 TON
TANDEM DISC HLM
B O X F L O AT H L M
TANDEM DISC HLM
PICKUP 1/2 TON
TOTALS
ITEM
NO.
2.81
2,76
10
2,76
2,95
2.76
10
DATE
J U LY
J U LY
J U LY
AUG
AUG
AUG
NOV
.
FUEL.OIL. FIXED
TIMES LABOR MACHINE LUB..REP. COSTS
OVER HOURS HOURS PER ACRE PER ACRE
1.00 0.815
0.453
1.00
0.175
0.097
0.10 0.125
O.IOO
1.00 0.175
0.097
2.00
1 .131
0.629
2.00
0.350
0.195
0 . 5 0 __.__.__S _J__l_K_Q
3.37
0.76
0.27
0.76
4.12
1.52
5.10
1.18
0.19
1.18
5.89
2.35
_jL__a_
_____2_
3.396 2.070
12.15
16.82
LAND CHARGE USES $25/ACRE LESS 50% OF IRRIGATION FIXED COSTS.
P R E PA R E D B Y R AY S A M M O N S . TA E X . A M A R I L L O . T E X A S P R O J E C T E D 1 9 7 8
^
BUDGET IDENTIFICATION NUMBER-— 811002401 220 0
ANNUAL CAPITAL MONTH 12
.
11
ALFALFA, IRRIGATED, TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS AND RETURNS PER ACRE
HIGH LEVEL MANAGEMENT
UNIT
GROSS RECEIPTS FROM PRODUCTION
HAY
TOTAL
2. VARIABLE COSTS
PREHARVEST
FERT IP) APPL»D
MACHINERY
IRRIGATION MACHINERY
LABOR(TRACTOR & MACHINERY)
LABOR(IRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL* PRE-HARVEST
r
PRICE OR
COST/UNIT QUANTITY
VALUE OR
COST
TON
45.00
8.00
_.___»_*_.
$ 360.00
LBS*
ACRE
ACRE
HOUR
HOUR
DOL.
0.18
2.14
59.50
6.00
5.00
0.10
120.00
1.00
1 .00
1.00
4.18
32.18
21.60
2.14
59.50
6.00
20.91
2x22
$ 11 3 . 3 7
HARVEST COSTS
SUBTOTAL. HARVEST
$
$
TOTAL VARIABLE COST
$ 11 3 . 3 7
3. INCOME ABOVE VARIABLE COSTS
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
PRORATED ESTAB. COST
LAND (NET RENT)
TOTAL FIXED COSTS
0.0
$ 246.63
ACRE
ACRE
ACRE
ACRE
ACRE
1.51
0.0
33.66
151.54
33.17
1.00
1.00
1.00
0.14
1.00
1.51
0.0
33.66
21.67
__t____z
$ 90.01
5. TOTAL COSTS
$ 203.39
6. NET RETURNS
$ 156.61
LAND CHARGE USES $50/ACRE LESS 50 PERCENT OF IRRIGATION FIXED COSTS.
ESTABLISHMENT COSTS PRORATED OVER 7 YEARS.
P R E PA R E D B Y R AY S A M M O N S . TA E X . A M A R I L L O . T E X A S P R O J E C T E D 1 9 7 8
C
12
^^EaTI^ArPn7!:0TEXASAND
HIGH
PLAINS
REGION
ESTIMATED COSTS
RETURNS
PER II
ACRE
HIGH LEVEL MANAGEMENT
OPERATION
PICKUP 1/2 TON
PICKUP 1/2 TON
X PICKUP 1/2 TON
\\CKUP 1/2 TON
>KUP 1/2 TON
'UP 1/2 TON
P i t
1/2 TON
ITEM
NO.
10
10
10
10
10
10
10
1 0
^
Ttucre
,
_-_
FUEL.OIL,
FIXED
E Ol lVeEt R L H
AO
BU
° RR SM HA O
CU
H RI N
U BA. C
.R
. ECRO ASCT R
SE
D AT E
S E P EL R
RE
E PP
MAR
APR
MAY
JUNE
J U LY
AUG
SEPT
OCT
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.125
0.125
0.125
0.125
0.125
0.125
0.125
0.100
0.100
0.100
O.IOO
0.100
0.100
0.100
0.10 _.0^X25 _JUJU__
1.000
0.800
0.27
0.27
0.27
0.27
0.27
0.27
0.27
.-U-_Z
0*19
0.19
0.19
0.19
0.19
0.19
0.19
-_>_.__?
2.14
1.51
LAND CHARGE \_«. CKrt ^
saziKSs^^^ we.*IRR,GAT,0N F1XED costs-
VA - M O N S . TA E X . A N A R . L L O . T E X A S P R O J E C T E D , 9 7 8
BUDGET IOENTIF ICATIO
ANNUAL CAPITAL MONTH ^ U M S E R a i 0 0 2 9 0 1 2 2 0 0
.
.
13
r
CORN FOR GRAIN. IRRIGATED, TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS AND RETURNS PER ACRE
TYPICAL 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
HERB, POSTEMERGE
INSECTICIDE
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABOR(TRACTOR & MACHINERY)
LABORCIRRIGATION)
INTEREST ON OP. CAP.
SUBTOTAL. PRE-HARVEST
HARVEST COSTS
CUSTOM COMBINE
CUSTOM HAUL
CUSTOM DRYING
SUBTOTAL. HARVEST
BU.
BAGS
LBS.
ACRE
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL*
1.95
125.00
__2_k___Z5
$ 243.75
45.00
0.10
8.75
15.00
4*67
8*77
38.50
6.00
5.00
0.10
0.35
200.00
1.00
1.00
1.00
1.00
1.00
4.52
2.71
54.78
15.75
20.00
8.75
15.00
4.87
8.77
3__r5A.
27.09
13.53
$
BU.
BU.
BU.
0.30
0.05
0.10
125.00
125.00
125.00
TOTAL VARIABLE COST
r
37.50
6.25
_._l___5i.
$ 56.25
$ 213.99
3. INCOME ABOVE VARIABLE COSTS
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND (NET RENT!
TOTAL FIXED COSTS
.__J____.fi
$ 157.74
29.76
ACRE
ACRE
ACRE
ACRE
5.83
10.03
21.78
14.96
1*00
1.00
1.00
1.00
5.83
10.03
21.78
-__l___L_t_
$ 52.60
5. TOTAL COSTS
$ 266.59
6. NET RETURNS
$ -22.84
LAND (NET RENT) BASED ON 33% OF GROSS INCOME LESS 33% OF FERT. GAS, HERB
INSECT, HARVEST £ 50% OF FIXED IRRIG COSTS. GOVT PROGRAM PAYMT NOT INCL.
P R E PA R E D B Y R AY S A M M O N S , TA E X . A M A R I L L O . T E X A S P R O J E C T E D 1 9 7 8
14
CORN FOR GRAIN, IRRIGATED. TEXAS HIGH PLAINS II REGION
ESTIMATED COSTS ANO RETURNS PER ACRE
TYPICAL MANAGEMENT
OPERATION
TM
SHREDDER 4R
PICKUP 1/2 TON
TM
OFFSET DISC
BOX FLOAT
TM
LISTER 6R
TM
LISTER-PLNT6R TM
RODWEEDER
TM
ROLLING CULT TM
FURROW OPENER TM
TOTALS
ITEM
NO.
3*57
10
3.42
3.60
3*54
3.36
3.50
3,30
3*52
DATE
FUEL,OIL.
FIXED
TIMES LABOR MACHINE L U B . , R E P.
COSTS
OVER HOURS HOURS PER ACRE PER ACRE
NOV
DEC
FEB
MAR
MAR
APR
APR
MAY
MAY
1.00 0.354 0.197
1 . 2 0 1 .500 1 .200
3.00
0.909 0.505
1.00 0.606 0.337
1 . 0 0 0.221
0.123
1 . 0 0 0.371
0.206
1 . 0 0 0.141
0.079
1 . 0 0 0 . 2 1 2 0 . 11 8
1.00 .._U2_U2 - . 2 x 111
4.516
2.875
1 .29
3.22
3*30
1 .87
0.71
1 .38
0.50
0.72
1.72
2.27
4.42
2.25
0.88
1.88
0.65
0.92
_.£____£
__________
13.64
15.86
LAND (NET RENT) BASED ON 33% OF GROSS INCOME LESS 33% OF FERT, GAS, HER8
INSECT, HARVEST t 50% OF FIXED IRRIG COSTS. GOVT PROGRAM PAYMT NOT INCL.
P R E PA R E D B Y R AY S A M M O N S . TA E X , A M A R I L L O . T E X A S P R O J E C T E D 1 9 7 8
^
.
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 ™ 7 2 0 0 2 6 0 2 2 2 0 0
A N N U A L C A P I TA L M O N T H 1 0
.