r
TEXAS HIGH PLAINS III
r
FOREWORD
The enterprise budgets for Texas High Plains
III 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 marchinery dealers
and others knowledgeable of the area. Variation
in yields, production inputs and production prac
tices should be expected for particular farms.
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
gets custom rates, primarily harvesting, were used
in lieu of the assumption that harvesting equip
ment was owned.
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.
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.
r
TEXAS HIGH PLAINS III REGION
Assumed Prices Paid and Received by Farmers 1/
Item
Unit
Price
cwt.
cwt.
$ 33.00
40.00
7.00
4.10
80.00
90.00
40.00
Prices Paid (1978)
Seed
Cotton (delinted)
Grain Sorghum
Soybean
Wheat (cleaned and treated)
Alfalfa
Corn
Southern Peas
r
Custom Rates
Cotton (harvest and haul)
Combining Soybeans
Combining Wheat
Combining Grain Sorghum (Dryland)
Combining Grain Sorghum (Irrigated)
Combining Southern Peas
Corn, Harvest, including haul
Drying corn
bu.
bu.
cwt.
cwt.
cwt.
cwt.
acre
acre
acre
cwt.
acre
1.00
12.00
7.00 2/
8.00
.30
8.00
bu.
bu.
.30
.10
cwt.
cwt.
.25
.25
.15
.25
Chemical Spraying (aerial)
acre
2.50
Cotton Ginning
cwt.
1.75
Hauling
Grain Sorghum
Soybeans
Wheat
Southern Peas
bu.
bu.
- 2 Texas High Plains III Region
Item
Unit
^
Price
Fuel and Lubricants
Gasoline
Diesel Fuel
Natural Gas
gal.
gal.
mcf.
.55
.42
1.75
Fertilizer (bulk)
Nitrogen
Phosphate
lb.
lb
.16
.20
Labor (except hoeing & irrigation)
Labor (Irrigation)
Labor (Hoeing)
hour
hour
hour
Chemicals
Pre-emergence Herbicide Treflan
5 gal,
5.00
5.00
2.50
130.00
.
Land Lease (Cash Rent)
General
acre
60.00
Hail Insurance
Wheat
Cotton
$100
$100
10.00
12.00
Interest
Capital
Operating
$
$
.08
.10
Prices Received (1978)
Cotton
Cottonseed
Wheat
Grain Sorghum
Alfalfa Hay (standing in field)
Ensilage (corn) (standing in field)
Corn (Grain)
Soybeans
Southern Peas
lb. ling
ton
bu.
cwt.
ton
ton
bu
bu.
cwt.
.44
60.00
2.20
3.30
45.00
15.00
1.95
4.75
20.00
1/ These price assumptions are not to be interpreted as predictions or
prospective prices.
2/ Plus lOc/bu. over 20 bu.
.
TEXAS HIGH PLAINS III REGION
Estimated Machinery and Equipment Cost Per Hour of Use
Machinery
Item and Size
m
Tractor 4 WH DR
Tractor 2
Tractor 3
Tractor 4
Tractor 5
Pickup 1/2 Ton
Rolling Cult.
Rolling Cult.
Cultivator 8R
Lister Planter
Lister Plntr 8R
Bed Planter
Bed Planter 8R
Tandem Disc
Tandem Disc
Offset Disc
Chisel
Mldb. Rollover
Moldboard 6B
Sandfighter
Packer
Lister 6R
Lister 8R
Shredder 2R
Shredder 4R
Grain Drill
Box Float
Herb Spr/Disc
_
Item
No.
Purchase
Price
1
2
3
4
5
10
30
31
34
36
37
38
39
40
41
43
44
46
47
51
53
54
55
56
57
58
60
61
$50,400
22,000
16,500
11,000
6,000
5,000
2,150
2,800
3,450
2,700
3,200
2,350
3,000
2,000
3,950
9,000
4,150
3,000
2,200
535
350
1,050
1,650
650
2,000
2,300
400
450
Estimated
Years of Use
5
5
5
5
10
3
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
c
Estimated
Hours of Use
2500
2500
2500
2500
3000
2100
1400
1400
1400
1050
1050
1400
1400
1400
1400
1400
1400
1400
1400
700
1400
1050
1050
875
875
840
700
700
Fixed Costs
Per Hour
$19.27
7.23
5.00
2.82
2.89
1.90
1.86
2.42
2.98
3.12
3.70
2.03
2.60
1.72
3.42
7.92
3.59
2.60
1.90
.93
.30
1.22
1.89
.90
2.76
3.33
.70
.79
Variable Costs
Per Hour
$ 8.09
5.20
4.36
3.26
2.19
2.68
.86
1.13
1.40
1.44
1.71
.95
1.21
.81
1.59
3.29
1.67
1.21
.88
.43
.15
.57
.90
.42
1.29
1.53
.31
.35
« _
ALFALFA ESTAB-. IRRIGATED. TEXAS HIGH PLAINS III REGION
ESTIMATED COSTS AND RETURNS PER ACRE
FURROW IRRIGATION SYSTEM
UNIT
PRICE
OR
VA L U E
OR
COST/UNIT QUANTITY COST
I. GROSS RECEIPTS FROM PRODUCTION
TOTAL
2. VARIABLE COSTS
PREHARVEST
SEED
FERTI20-100-0*
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABOR(TRACTOR & MACHINERY)
LABOR!IRRIGATION}
INTEREST ON OP. CAP.
SUBTOTAL. PRE-HARVEST
0.0
LBS.
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
0.70
23.20
2.21
4.70
27.71
5.00
5.00
0.10
22.00
1.00
1 .00
1.00
1.00
1.85
4.25
22.03
$
15.40
23.20
2.21
4.70
27.71
9.23
21.25
2x20
105.91
HARVEST COSTS
SUBTOTAL. HARVEST
$
$
TOTAL VARIABLE COST
$ 105.91
3. INCOME ABOVE VARIABLE COSTS
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LAND (NET RENT.
TOTAL FIXED COSTS
0.0
$■- 1 0 5 . 9 1
$
ACRE
ACRE
ACRE
ACRE
3
5
26
46
.21
.37
.35
.82
1
1
1
1
.
.
.
.
0
0
0
0
3.21
5.37
26.35
0
0
0
0
s
.-*&x$2
81.75
5 . T O TA L C O S T S
$ 187.66
6. NET RETURNS
$ -■ 1 8 7 . 6 6
LAND CHARGE BASED ON S60/ACRE LESS 50 PCT. OF IRRIG. FIXED COSTS.
PREPARED BY MARVIN O. SARTIN. TAEX. LUBBOCK, TEXAS PROJECTED 1978
ALFALFA ESTAB.. IRRIGATED. TEXAS HIGH PLAINS III REGION
ESTIMATED COSTS AND RETURNS PER ACRE
FURROW IRRIGATION SYSTEM
OPERATION
MLBD ROLLOVER TM
PACKER
TM
TANDEM DISC
TM
TM
GRAIN DRILL
P I C K U P 1 / 2 TO N
P I C K U P 1 / 2 TO N
P I C K U P 1 / 2 TO N
P I C K U P 1 / 2 TO N
ITEM
NO.
3 .46
53
3 ,40
3« , 5 8
10
10
10
10
DATE
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 HOURS HOURS PER ACRE PER ACRE
JUNE
JUNE
AUG
AUG
AUG
OCT
NOV
DEC
1.00
1 .00
1 .00
1 .00
0.10
0.10
0.10
0.10
T O TA L S
0.741
0.0
0.253
0.353
0.125
0.125
0.125
0.494
0.329
0.168
0.235
0. 100
0.100
0. 100
3.18
0. 05
1.02
1. 59
0.27
0.27
0.27
4.24
0. 10
1.30
2.19
0. 19
0.19
0. 19
__Q_JL__5
___jtlJ_i_
__fl____I
-0*12
1.627
6.91
8.58
1.846
*
_
"
_
"
_
L A N D C H A R G E B A S E D O N S 6 0 / A C R E L E S S 5 0 P C T. O F I R R I G . F I X E D C O S T S .
P R E PA R E D B Y M A RV I N 0 . S A RT I N . TA E X . L U B B O C K . T E X A S P R O J E C T E D 1 9 7 8
BUDGET IDENTIFICATION NUMBERANNUAL CAPITAL MONTH 12
811003402 320 0
ALFALFA, IRRIGATED, TEXAS HIGH PLAINS III REGION
ESTIMATED COSTS AND RETURNS PER ACRE
FURROW IRRIGATION SYSTEM
UNIT
GROSS R E C E I P T S F R O M P R O D U C T I O N
H AY
T O TA L
VA R I A B L E C O S T S
PREHARVEST
FERTC0-80-40)
MACHINERY
I R R I G AT I O N M A C H I N E R Y
LABORCTRACTOR & MACHINERY)
L A B O R ( I R R I G AT I O N )
I N T E R E S T O N O P. C A P.
TON
PRICE
OR
VA L U E
OR
COST/UNIT QUANTITY COST
45.00
6.50
$
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
16. 00
1 .88
81 .50
5.00
5.00
0. 10
1.00
1 .00
1 .00
0.87
12.50
34.95
SUBTOTAL. PRE-HARVEST
__.22_._52
292.50
16.00
1.88
81.50
4.37
62.50
_____;_>
$ 169.^5
HARVEST COSTS
SUBTOTAL. HARVEST
0.0
TOTAL VARIABLE COST
S 169.75
3. INCOME ABOVE VARIABLE COSTS
$ 122.75
4. FIXED COSTS
MACHINERY
TRACTORS
IRRIGATION MACHINERY
PRORATED ESTAB. COST
LAND (NET RENT)
TOTAL FIXED COSTS
5. TOTAL COSTS
6. NET RETURNS
ACRE
ACRE
ACRE
ACRE
ACRE
1.32
0.0
77.50
187.66
21 .25
1.00
1.00
1.00
0.14
1.00
s
1 .32
0.0
77.50
26.84
._.__!_.____
126.91
s
296.66
-4,16
LAND CHARGE EASED ON S60/ACRE LESS 50 PCT. OF IRRIG. FIXED COSTS.
ESTABLISHMENT COST PRORATED OVER 7 YEARS. CROP SOLD STANDING IN FIELD
PREPARED BY MARVIN O. SARTIN. TAEX. LUBBOCK. TEXAS
PROJECTED 1978
^
ALFALFA. IRRIGATED. TEXAS HIGH PLAINS III REGION
ESTIMATED COSTS AND RETURNS PER ACRE
FURROW IRRIGATION SYSTEM
FUEL.OIL. FIXED
I T E M 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
O P E R AT I O N N O . D AT E O V E R H O U R S H O U R S P E R A C R E P E R A C R E
PICKUP
PICKUP
PICKUP
PICKUP
PICKUP
PICKUP
PICKUP
1/2
1/2
1/2
1/2
1/2
1/2
1/2
TON
TON
TON
TON
TON
TON
TON
TOTALS
10
MAR
0.10
0.125
0.100
0.27
0.19
0.19
0.10 0.125
0. 100
0.27
10 MAY
0.19
0.27
10 JUNE 0 . 1 0 0 . 1 2 5 0 . 1 0 0
0.19
0.10
0.125
0.100
0.27
10
JULY
0.10 0.125
0. 100
0.27
0. 19
10 AUG
10 SEPT 0.10 0.125 0.100 0.27 0.19
10 OCT 0.10 0.125 __._>aI_>0 ____.__! ________
0.875
0.700
1.88
1.32
LAND CHARGE BASED ON S60/ACRE LESS 50 PCT. OF IRRIG. FIXED COSTS.
ESTABLISHMENT COST PRORATED OVER 7 YEARS. CROP SOLD STANDING IN FIELD.
P R E PA R E D B Y M A R V I N 0 . S A R T I N . TA E X . L U B B O C K . 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 — 8 1 0 0 3 6 0 2 3 2 0 0
A N N U A L C A P I TA L M O N T H 1 0
_
r
CORN, IRRIGATED. TEXAS HIGH PLAINS III REGION
ESTIMATED COSTS AND RETURNS PER ACRE
FURROW IRRIGATION SYSTEM
UNIT
GROSS RECEIPTS FROM PRODUCTION
CORN
TOTAL
2. VARIABLE COSTS
PREHARVEST
SEED
INSECTICIDE
F E R T. 1 4 0 - 4 0 - 0 )
HERBICIDE
MACHINERY
TRACTORS
IRRIGATION MACHINERY
LABOR(TFACTOR & MACHINERY)
L A B O R ( I R R I G AT I O N )
I N T E R E S T O N O P. C A P.
r
BU
LBS.
ACRE
ACRE
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
DOL.
PRICE
OP
VA L U E
OR
COST/UNIT QUANTITY COST
1.95
140.00
_2Z____Q__
$ 273.00
0.90
7.50
30.40
5.50
4.91
11 . 8 6
44.01
5.00
5.00
0.10
18.00
1.00
1.00
1.00
1.00
1 .00
1 .00
4.85
6.75
58.39
16.20
7,50
30.40
5.50
4.91
1 1.86
44.01
24.25
33.75
5^84
184.21
SUBTOTAL. PRE-HARVEST
HARVEST COSTS
CUSTOM COMBINE
CUSTOM HAUL
CUSTOM DRYING
SUBTOTAL. HARVEST
$
$
BU
BU
BU
0.20
0.10
0.10
140.00
140.00
140.00
TOTAL VARIABLE COST
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 (NET RENT)
TOTAL FIXED COSTS
r
28.00
14.00
s
.__.i_.JL____
56.00
s
240.21
$
32.79
s
ACRE
ACRE
ACRE
ACRE
6.2
13.7
41.8
42.7
9
7
5
0
1
1
1
1
.00
.00
.00
.00
6.29
13.77
41 .85
$
,42_.,7Q
104.61
5. TOTAL COSTS
s
344.82
6. NET RETURNS
$ -71.82
LAND CHARGE EASED ON LANDLORDS SHARE OF GROSS 25X LESS 33X OF
DRYING AND SOX OF IRRIGATION FIXED COSTS. GOV'T PYMNT. NOT INCLUDEO.
PREPARED BY MARVIN 0. SARTIN. TAEX. LUBBOCK. TEXAS PROJECTED 1978
C O R N , I R R I G AT E D , T E X A S H I G H P L A I N S I I I R E G I O N
E S T I M AT E D C O S T S A N D R E T U R N S P E R A C R E
F U R R O W I R R I G AT I O N S Y S T E M
O P E R AT I O N
SHREDDER 4R TM
TA N D E M D I S C T M
PICKUP 1/2 TON
MLBD ROLLOVER TM
PA C K E R
TM
PICKUP 1/2 TON
TA N D E M D I S C T M
PICKUP 1/2 TON
BOX
F L O AT
TM
PICKUP 1/2 TON
LISTER
6R
TM
BED PLANTER6R TM
HERB SPR/DISC TM
PICKUP 1/2 TON
R O L L I N G C U LT T M
PICKUP 1/2 TON
PICKUP 1/2 TON
PICKUP 1/2 ton
PICKUP 1/2 TON
PICKUP 1/2 TON
PICKUP 1/2 TON
T O TA L S
ITEM
NO.
3.57
3,40
10
2 ,46
53
10
3<, 4 0
10
4 • 60
10
2 ,54
3,38
61
10
3 • 30
10
10
10
10
10
10
.
D AT E
FUEL.OIL. FIXED
TIMES LABOR MACHINE LUB..REP. COSTS
OVER HOURS HOURS PER ACRE PER ACRE
DEC
DEC
DEC
JAN
JAN
JAN
FEB
FEB
MAR
MAR
APR
APR
APR
APR
M AY
MAY
JUNE
J U LY
AUG
SEPT
OCT
1.00
0.295
0. 197
2.00
0.505
0.337
0
.
1
2
5
0.100
0.10
0
.
7
4
1
0.494
1.00
1 .00
0 . 0
0.329
0.10
0.125
0. 100
1.00
0.253
0. 168
0.125
0. 100
0.10
2.00
1 .010
0.673
0. 100
0.10
0.125
0.184
0. 123
1.00
1.00
0.309
0.206
1 .00
0.0
0. 196
0.100
0.10
0.125
0.177
0.118
1.00
0.125
0. 100
0.10
0. 100
0.10
0.125
0. 125
0. 100
0.10
0.10
0.125
0. 100
0.10
0.125
0.100
0 . 1 0 ____J_1___2 -.flj-JLQfl
4.850
3.942
1.29
2. 03
0. 27
3.68
0. 05
0.27
1.02
0.27
2.84
0.27
0.84
1.28
0. 07
0.27
0.72
0.27
0.27
0.27
0.27
0.27
1.72
2.60
0. 19
5.56
0.10
0.19
1.30
0.19
2.75
0. 19
1.21
1.65
0. 15
0.19
0.92
0. 19
0.19
0. 19
0.19
0. 19
_______!
-3x12
16.76
20.06
_
LAND CHARGE EASED ON LANDLORDS SHARE OF GROSS 25X LESS 33X OF
D R Y I N G A N D S O X O F I R R I G A T I O N F I X E D C O S T S . G O V ' T P Y M N T. N O T I N C L U D E D .
P R E PA R E D B Y M A R V I N O . S A R T I N . TA E X , L U B B O C K . 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 3 6 0 2 3 2 0 0
A N N U A L C A P I TA L M O N T H 1 0
~
.
10
COTTON. DRYLAND. TEXAS HIGH PLAINS III REGION
E S T I M AT E D C O S T S A N D R E T U R N S P E R A C R E
r
UNIT
GROSS RECEIPTS FROM PRODUCTION
COTTON LINT
C O T TO N S E E D
T O TA L
VA R I A B L E C O S T S
P R E H A RV E S T
SEED
HERBICIDE
HAIL INSURANCE
MACHINERY
T R A C TO R S
L A B O R ( T R A C TO R 6 - M A C H I N E RY )
OTHER LABOR
I N T E R E S T O N O P, . C A P .
S U B T O TA L . P R E - H A RV E S T
r
HARVEST COSTS
GIN. BAG. TIES
C U S TO M H A RV & H A U L
S U B T O TA L , HARVEST
PRICE
OR
VA L U E
OR
COST/UNIT QUANTITY COST
$
LBS.
TON
0.44
60.00
300.00
0.23
132.00
.__12_____
$ 145.80
$
LBS.
ACRE
DOL.
ACRE
ACRE
HOUR
HOUR
DOL.
0.3
7.0
0.1
4.5
9 . 5
5.0
2.5
0.1
3
0
2
0
3
0
0
0
15.00
1.00
60.00
1.00
1.00
4.18
2.00
18.97
4.95
7.00
7.20
4.50
9.53
20.91
5.00
$
$
C W T.
C W T.
1.75
1 .00
13.20
13.20
23.10
.-13x20
S
T O TA L VA R I A B L E C O S T
36.30
97.29
3 . I N C O M E A B O V E VA R I A B L E C O S T S
4. FIXED COSTS
M A C H I N E RY
TRACTORS
LAND (NET RENT)
T O TA L F I X E D C O S T S
U20
60.99
48.51
ACRE
ACRE
ACRE
5.81
11 .1 1
30.67
1.00
1.00
1.00
5.81
11.11
$
_9t67
47.59
5 . T O TA L C O S T S
s 144.89
6. NET RETURNS
s
0.91
LAND (NET RENT) BASED ON 1/4 OF GROSS INCOME LESS 1/4 OF GINNING. BAGGING
AND TIES. PLANTED 2X1 SKIPROW. GOV'T PYMNT. NOT INCLUDED.
PREPARED BY MARVIN 0. SARTIN. TAEX. LUBBOCK. TEXAS PROJECTED 1978
r
11
COTTON. DRYLAND. TEXAS HIGH PLAINS III REGION
ESTIMATED COSTS AND RETURNS PER ACRE
O P E R AT I O N
SHREDDER 2R TM
TA N D E M D I S C T M
PICKUP 1/2 TON
PICKUP 1/2 TON
MOLDBOARD 6B TM
PA C K E R
TM
PICKUP 1/2 TON
TA N D E M D I S C T M
HERB SPR/DISC TM
PICKUP 1/2 TON
PICKUP 1/2 TON
LISTER-PLNT6R TM
PICKUP 1/2 TON
SAND FIGHTER TM
C U LT I VAT O R 8 R T M
PICKUP 1/2 TON
PICKUP 1/2 TON
PICKUP 1/2 TON
PICKUP 1/2 TON
ITEM
NO.
4,56
3,40
10
10
2.47
53
10
3.40
61
10
10
3.36
10
5.51
4.34
10
10
10
10
FUEL.OIL.
FIXED
L U B . . R E P.
COSTS
PER ACRE PER ACR
D AT E
TIMES
OVER
DEC
DEC
DEC
JAN
FEB
FEB
FEB
MAR
MAR
MAR
APR
MAY
M AY
JUNE
JUNE
JUNE
J U LY
SEPT
NOV
1 .00
0.595
1.50
0.379
0*10
0.125
0.10
0.125
1 .50
0.771
1 .50
0 . 0
0.10
0.125
1.00
0.253
1 .00
0 . 0
0.10
0.125
0.10
0.125
1.25
0.387
0.10
0.125
2.00
0.250
2.00
0.298
0.10
0.125
0.10
0.125
0.10
0.125
0 . 1 0 . __UI___5
0.397
0.253
0.100
0.100
0.514
0.494
0.100
0.168
0.196
0.100
0.100
0.258
0.100
0.167
0.199
0.100
0.100
0.100
1.72
1.53
0.27
0.27
3.66
0. 07
0.27
1.02
0.07
0.27
0.27
1.72
0.27
0.51
1.06
0.27
0.27
0.27
1.70
1.95
0.19
0. 19
5.43
0.15
0. 19
1.30
0. 15
0.19
0.19
2.35
0.19
0.73
1.27
0.19
0.19
0.19
-QxlQQ
-____._.!
__0__I9
4.182
3.645
14.03
16.92
T O TA L S
LABOR MACHINE
HOURS
HOURS
~ >
_
LAND (NET RENT) BASEO ON 1/4 OF GROSS INCOME LESS 1/4 OF GINNING. BAGGING
A N D T I E S . P L A N T E D 2 X 1 S K I P R O W . G O V ' T P Y M N T. N O T I N C L U D E D .
P R E PA R E D B Y M A R V I N O . S A R T I N . TA E X . L U B B O C K . 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 C N N U M B E R A N N U A L C A P I TA L M O N T H 11
—
93
003002
300
0
"
\