108
PROJECTIONS FOR PLANNING PURPOSES ONLY
NOT TO BE USED HITHOUT UPDATING AFTEH 02/12/82.
B-1241 (C 3)
SOYBEANS, IRRIGATED, TEXAS HIGH PLAINS III REGION
1.982 PROJECTED COSTS AND RETURNS PER ACRE
PREPLANT PLUS THREE POSTPLANT
CATEGORY
1. GROSS RECEIPTS
SOYBEANS
TOTAL PROJECTED RETURNS
PROJECTED
YIELD
UNIT
25-00
2. VARIABLE COSTS
INPUT USE
PREHARVEST COSTS
♦SOYBEAN SEED
1.00
♦HERBICIDE
1-00
IRRIGATION HATER
22.00
FUEL & LUBE—TRACTOR
EQUIPMENT
IRRIGATION
R E PA I R S T R A C T O R
EQUIPMENT
IRRIGATION
LABOR MACHINERY
1.30
IRRIGATION
2.20
EQUIPMENT
0.98
OPERATING CAPITAL
34.37
SUBTOTAL, PREHARVEST
HARVEST COSTS
CUSTOM HARVEST
1.00
CUSTOM HAUL
25.00
SUBTOTAL, HARVEST
TOTAL VARIABLE COSTS
BU.
BU.
ACRE
ACIN
ACRE
ACRE
ACRE
ACRE
ACRE
ACRE
HOUR
HOUR
HOUR
DOL.
ACRE
ACRE
BU.
ACRE
PROJECTED
VALUE
S/UNIT
5.35
S
13.50
7.00
5.00
5.00
3.50
0.140
133.75
133.75 $
13.50
7.00
S
10.02
2.16
47.30
1.79
1.74
6.60
6.51
11.00
3.43
4.81
115.86 S
$
12.50
6.25
18.75 $
12.50
0.25
ACRE
YOUR
ESTIMATE
$ 134.61 $
BREAK-EVEN PRICE, VARIABLE COSTS $ 5.38/BU. SOYBEANS
3. INCOME ABOVE VARIABLE COSTS
ACRE
4. FIXED COSTS
DEPREC,INTEREST,TAXES & INSUR.
TRACTOR
EQUIPMENT
LAND NET SHARE-RENT
IRRIG.
E Q U I P.
22.00
TOTAL FIXED COSTS
ACRE
ACRE
ACRE
ACIN
ACRE
5. TOTAL PROJECTED COSTS
ACRE
BREAK-EVEN PRICE, TOTAL COSTS
6. NET PROJECTED RETURNS
r
$
-0-86 $
$
12.50
9.05
20.07
44.00
85.62 $
2. 00
$
220.23
$,
$ 8.81/BU. SOYBEANS
ACRE
$
-86.48
$
LAND CHARGE BASED ON LANDLORD'S SHARE OF GROSS (33%) LESS 33% OF
HAULING AND 50 PCT. OF IRRIG. FIXED COSTS.
INFORMATION PRESENTED IS PREPARED SOLELY AS A GENERAL GUIDE AND IS
NOT INTENDED TO RECOGNIZE OR PREDICT THE COSTS AND RETURNS FROM ANY
ONE PARTICULAR FARM OR RANCH OPERATION. THESE PROJECTIONS HERE
COLLECTED AND DEVELOPED BY STAFF MEMBERS OF THE TEXAS AGRICULTURAL
EXTENSION SERVICE AND APPROVED FOR PUBLICATION.
108
PROJECTIONS FOR PLANNING PURPOSES ONLY
NOT TO BE USED WITHOUT UPDATING AFTER 02/12/82.
B-1241 (C 3)
SOYBEANS, IRRIGATED, TEXAS HIGH PLAINS III REGION
1982 PROJECTED COSTS AND RETURNS PER ACRE
PREPLANT PLUS THREE POSTPLANT
MACHINERY
OPERATION
MOLDBOARD 6B
PACKER
CHISEL
TANDEM DISC
HERB SPR/DISC
LISTER 6R
ROLLING CULT
BED PLANTER6R
CULTIVATOR 6R
MACH
TIMES
LABCR
MACHINE
OPER LABOR
ITEM OPER
H
O
U
R
S
H
O
U
R
S
COSTS COSTS
NO. MONTH OVER
JAN
JAN
JAN
MAR
MAR
MAR
APR
MAY
JUNE
1,47
53
1,44
2,41
61
1,54
3,30
2,38
3,33
0.50
0.50
0.50
2-00
1.00
1.00
1.00
1.00
1.00
TOTALS
IRRIGATION
APPLICATION
MAR
MAY
JUNE
JULY
TOTALS
7.00
5.00
5.00
5.00
TOTAL
OPER.
COST
0.189
0.0
0.066
0.292
0.0
0.151
0.194
0.202
0.207
0.143
0.103
0.050
0.221
0.158
0-115
0.147
0.153
0.157
2.30
0.02
0.83
3.07
0.01
1.69
1.61
2.10
1.64
0.95
0.0
0.33
1.46
0.0
0.76
0.97
1.01
1.04
0.0
0.0
0.0
0.0
7.00
0.0
0.0
13.50
0.0
3.69
0.05
1.11
4-18
0.17
2.06
2.20
2.75
3.03
6.94
0.07
2.26
8.71
7.18
4.50
4.78
19.36
5.71
1.301
1.247
13.26
6.51
20.50 19.25
59.52
IRRIG
SYSTEM OPER. LABOR
HOURS COSTS COSTS
APPL. IRRIG
INPUT FIXED
COSTS COSTS
TOTAL
IRRIG
COSTS
APPL.
ACRE LABOR
10NTH INCHES HCURS
HATER APPLICATION
HATER APPLICATION
WATER APPLICATION
HATER APPLICATION
APPL. MACH
INPUT FIXED
COSTS COSTS
0.700
0.500
0.500
0.500
0.0
0.0
0.0
0.0
22.00 2.200 0.0
17. 15
12.25
12.25
12.25
3.50
2.50
2.50
2.50
0.0
0.0
0.0
0.0
14.00
10.00
10.00
10.00
34.65 ^
24.75
24.75
24.75
5 3 . 9 0 11 . 0 0 0 . 0 4 4 . 0 0 1 0 8 . 9 0
RESIDUAL RETURNS AT ALTERNATIVE YIELDS AND PRICES
ADJUSTED FOR YIELD-RELATED COSTS AND CHANGES IN SHARE-RENT
INCOME ABOVE VARIABLE COSTS LESS SHARE-RENT
PRICE OF SOYBEANS
(DOLLARS)
4.28
4.81
5.35
5.88
6.42
20.00 |
-52.35
-45.18
-38.02
-30.85
-23.68 !
22-50 |
-45.60
-37.54
-29.47
-21.41
-1 3. 3 4
25.00 |
-38.85
-29.89
-20.93
- 11 . 9 7
-3.01
27.50 I
-32.10
-22.24
-12.39
-2.53
7.33
30.00 |
-25.35
-14.60
-3.85
6.91
17.66
BU.
QUANTITY OF
SOYBEANS
I
I
J
I
I
I
I
J
I
I
NOTE: NEGATIVE RETURNS OVER VARIABLE COSTS MAY BE AVOIDABLE
VIA CROP ABANDONMENT, GRAZE-OUT, OR OTHER MANAGEMENT
STRATEGIES.
~ >
109 PROJECTIONS FOR PLANNING PURPOSES ONLY
NOT TO BE USED HITHOUT UPDATING AFTER 02/12/82.
B-1241 (C 3)
HHEAT, DRYLAND, TEXAS HIGH PLAINS III REGION
1982 PROJECTED COSTS AND RETURNS PER ACRE
CATEGORY
1. GROSS RECEIPTS
HHEAT
HHEAT GRAZING
TOTAL PROJECTED RETURNS
2. VARIABLE COSTS
PREHARVEST COSTS
♦SEED WHEAT
HAIL INSURANCE
FUEL 5 LUBE—TRACTOR
EQUIPMENT
R E PA I R S T R A C T O R
EQUIPMENT
LABOR MACHINERY
EQUIPMENT
OPERATING CAPITAL
SUBTOTAL, PREHARVEST
HARVEST COSTS
CUSTOM HARVEST
CUSTOM HAUL
SUBTOTAL, HARVEST
PROJECTED
YIELD UNIT
17.00 BU.
90.00 DAYS
PROJECTED
S/UNIT VALUE
3.85
0.23
$
65.45
20.70
86.15 S
$
5.25
3.75
5.02
1.48
0.89
1.53
3.31
2.34
0.76
24.33 $
YOUR
ESTIMATE
INPUT USE
0.70 BU.
25.00 DOL.
ACRE
ACRE
ACRE
ACRE
0.66 HOUR
0-67 HOUR
5.44 DOL.
ACRE
1.00 ACRE
17.00 BU.
ACRE
TOTAL VARIABLE COSTS
7.50
0. 15
5.00
3.50
0.140
12.50
0. 12
ACRE
BREAK-EVEN PRICE, VARIABLE COSTS S 1.07/BU.
12.50
2.04
S 14.54 $_
$ 38.87 S^
WHEAT
3. INCOME ABOVE VARIABLE COSTS
ACRE
$ 4*7.28 $
4. FIXED COSTS
DEPREC,INTEREST,TAXES S INSUR.
TRACTOR
EQUIPMENT
LAND NET SHARE-RENT
TOTAL FIXED COSTS
ACRE
ACHE
ACRE
ACRE
6.49
5.83
27.76
$ 40.07 S.
5- TOTAL PROJECTED COSTS
ACRE
$ 78.94 $.
$ 3.43/BU.
WHEAT
ACHE
$ 7.21 S
BREAK-EVEN PRICE, TOTAL COSTS
6- NET PROJECTED RETURNS
LAND CHARGE BASED ON LANDLORD'S SHARE OF GROSS 33% LESS 33% OF
HAULING. GOVERNMENT PAYMENT NOT INCLUDED.
"
INFORMATION PRESENTED IS PREPARED SOLELY AS A GENERAL GUIDE AND IS
NOT INTENDED TO RECOGNIZE OR PREDICT THE COSTS AND RETURNS FROM ANY
ONE PARTICULAR FARM OR RANCH OPERATION. THESE PROJECTIONS HERE
COLLECTED AND DEVELOPED BY STAFF MEMBERS OF THE TEXAS AGRICULTURAL
EXTENSION SERVICE AND APPROVED FOR PUBLICATION.
1 0 9 P R O J E C T I O N S F O R P L A N N I N G P U R P O S E S O N LY
NOT TO BE USED WITHOUT UPDATING AFTER 02/12/82,
B-1241 (C 3)
HHEAT, DRYLAND, TEXAS HIGH PLAINS III REGION
1982 PROJECTED COSTS AND RETURNS PER ACRE
MACHINERY
OPERATION
OFFSET DISC
CHISEL
TANDEM DISC
GRAIN DRILL
MACH
ITEM OPER TIMES LABOR MACHINE OPER LABOR
NO. MONTH OVER HOURS
HOURS COSTS COSTS
1,<*3
1,44
2,41
3,58
JULY
JULY
AUG
SEPT
TOTALS
1-00
1.00
1.00
1.00
APPL. MACH
INPUT FIXED
COSTS COSTS
TOTAL
OPER.
COST
0.104
0.132
0-146
0-280
0.079
0.100
0 - 11 0
0-212
1.41
1.65
1.53
2.64
0.52
0.66
0.73
1.40
0.0
0.0
0.0
5.25
2.47
2.21
2.09
3.97
4.40
4.52
4.35
13.27
0.662
0.501
7.24
3-31
5 . 2 5 10.75
26.55
RESIDUAL RETURNS AT ALTERNATIVE YIELDS AND PRICES
ADJUSTED FOR YIELD-RELATED COSTS AND CHANGES IN SHARE-RENT
INCOME ABOVE VARIABLE COSTS LESS SHARE-RENT
PHICE OF HHEAT
(DOLLARS)
3.08
3.46
3.85
4.23
13.60
4.01
7.52
11.03
14.54
18.05 I
15.30
7.38
11.33
15.28
19.22
23.17 |
17.00
10.76
15.14
19.53
23.91
28.30 |
18.70
14.13
18.95
23.77
28.60
33.42 |
20.40
17.50
22.76
28.02
33.29
38.55 |
BU.
QUANTITY OF
WHEAT
4.62
^
110 PROJECTIONS FOR PLANNING PURPOSES ONLY
NOT TO BE USED HITHOQT UPDATING AFTER 02/12/82-
r
B-1241 (C 3)
HHEAT, IRRIGATED, TEXAS HIGH PLAINS III REGION
1982 PROJECTED COSTS AND RETURNS PER ACRE
PREPLANT PLUS THBEE POSTPLANT
PROJECTED YOUR
PROJECTED
CATEGORY
VALUE E-.TJ.MAT_UNIT
YIELD
S/UNIT
GROSS RECEIPTS
154.00
3.85
40.00 BU.
HHEAT
46.00
0.23
200.00 DAYS
HHEAT GRAZING
$ 2UU.UU $"""
TOTAL PROJECTED RETURNS
INPUT USE
2. VARIABLE COSTS
PREHARVEST COSTS
11.25
1.50 BU.
7.50
♦SEED HHEAT
26.00
0.26
100.00 LB♦NITROGEN
10.40
0.26
40.00 LB.
♦PHOSPHATE
2.00
2
.
0
0
1.00
ACRE
FERTILIZER APPLI
19.50
0. 15
130.00 DOL.
HAIL INSURANCE
22.00 ACIN
IRRIGATION HATER
6.32
ACRE
FUEL 5 LUBE—TRACTOR
1.70
ACRE
EQUIPMENT
47.30
ACRE
IRRIGATION
1.13
ACRE
R E PA I R S T R A C T O R
1.63
ACRE
EQUIPMENT
6.60
ACRE
IRRIGATION
4.13 "
5.00
0.83 HOUR
LABOR MACHINERY
11 . 0 0
5.00
2.20 HOUR
IRRIGATION
2.69
3.50
0.77 HOUR
EQUIPMENT
10.02
DOL.
0.140
71.55
OPERATING CAPITAL
S 161.b/ 5
ACRE
SUBTOTAL, PREHARVEST
HARVEST COSTS
12.50
12.50
1.00 ACRE
CUSTOM HARVEST
4.80 $
0 . 1 2 "' 17-30
40.00 BU.
CUSTOM HAUL
S
ACRE
SUBTOTAL, HARVEST
$ 178.97 $
ACRE
TOTAL VARIABLE COSTS
BREAK-EVEN PRICE, VARIABLE COSTS $ 3.32/BU. HHEAT
3 . I N C O M E A B O V E VA R I A B L E C O S T S A C R E $ 2 1 . 0 3 S .
4. FIXED COSTS
DEPREC,INTEREST,TAXES & INSUR.
7.94
ACRE
TRACTOR
6.88 "
ACHE
EQUIPMENT
30.40
ACRE
LAND NET SHARE-RENT
44.00
2.00
IRRIG.
E Q U I P.
2 2 . 0 0 ACIN
89.22 $'
ACRE
TOTAL FIXED COSTS
S 268.19 $.
ACRE
5. TOTAL PROJECTED COSTS
WHEAT
$ 5.55/BU.
BREAK-EVEN PRICE, TOTAL COSTS
$ -68.19 $
ACRE
6.' NET PROJECTED RETURNS
LAND (NET RENT) BASED ON 33% OF GROSS INCOME LESS 33% OF FERT.. INSECT.,
HAUL AND 50% 0? IRRIG. FIXED COSTS. GOV'T PAYMENT NOT INCLUDED,
INFORMATION PRESENTED IS PREPARED SOLELY AS A GENERAL GUIDE AND IS
NOT INTENDED TO RECOGNIZE OR PBEDICT THE COSTS AND RETURNS FROM ANY
ONE PARTICULAR FARM OR RANCH OPERATION. THESE PROJECTIONS HERE
COLLECTED AND DEVELOPED BY STAFF MEMEERS OF THE TEXAS AGRICULTURAL
EXTENSION SERVICE AND APPROVED FOR PUBLICATION-
r
PROJECTIONS FOR PLANNING PURPOSES ONLY
NOT TO BE USED HITHOUT UPDATING AFTER 02/12/82.
110
B-1241 (C 3)
HHEAT, IRRIGATED, TEXAS HIGH PLAINS III REGION
1982 PROJECTED COSTS AND RETURNS PER ACRE
PREPLANT PLUS THREE POSTPLANT
MACH
MACHINERY
OPERATION
TANDEM DISC
MOLDBOARD 6B
PACKER
CHISEL
TANDEM DISC
GRAIN DRILL
ITEM OPER TIMES LABOR MACHINE OPER LABOR
NO. MONTH OVER HOURS HOURS COSTS COSTS
JULY
JULY
JULY
JULY
JULY
AUG
2,41
1,47
53
1,44
2,41
3,58
1.00
0.50
0-50
0.50
1-00
1-00
TOTALS
IRRIGATION
APPLICATION
AUG
OCT
DEC
MAR
TOTALS
TOTAL
OPER.
COST
2.09
3.69
0.05
1.11
2.09
3.97
4.35
6.94
0.07
2.26
4.35
19.27
0.146
0.189
0.0
0.066
0.146
0.280
0.110
0.143
0.103
0.050
0.110
0.212
1.53
2.30
0.02
0.83
1.53
2.64
0.73
0.95
0.0
0.33
0.73
1.40
0.0
0.0
0.0
0.0
0.0
11.25
0.826
0.729
8.85
4. 13
11.25 13.01
37.24
IRRIG
SYSTEM OPER. LABOR
HOURS COSTS COSTS
APPL. IRRIG
INPUT FIXED
COSTS COSTS
TOTAL
IRRIG
COSTS
APPL.
ACRE LABOR
MONTH INCHES HOURS
HATER APPLICATION
HATER APPLICATION
HATER APPLICATION
HATER APPLICATION
APPL. MACH
INPUT FIXED
COSTS COSTS
7.00
5.00
5.00
5.00
0-7C0
0-500
0.5G0
0-5C0
0-0
0.0
0.0
0.0
17.15
12.25
12.25
12.25
3.50
2.50
2.50
2.50
0.0
0.0
0.0
0.0
14.00
10.00
10.00
10.00
34.65
24.75
24.75
24.75
22.00
2.200
O'.O
5 3 . 9 0 11 . 0 0
0.0
44.00 108.90
RESIDUAL RETURNS AT ALTERNATIVE YIELDS AND PRICES
ADJUSTED FOR YIELD-RELATED COSTS AND CHANGES IN SHARE-RENT
INCOME ABOVE VARIABLE COSTS LESS SHARE-RENT
PRICE OF WHEAT
(DOLLARS)
4-62
3.08
3.46
3.85
4.23
32.00 I
-45.88
-37.62
-29.37
-21. 11
I
-12-86 1
36.00 I
-37.94
-28.66
-19.37
-10.08
-0-80 I
11-26 1
BU.
I
QUANTITY OF
HHEAT
t
I
40.00 |
-30.01
-19.69
-9.37
0.94
44.00 |
-22.08
-10.73
0.62
11.97
23-32 1
48-00 |
1
-14.14
-1.76
10.62
23.00
35-38 1
J
l
I
NOTE: NEGATIVE RETURNS OVER VARIABLE COSTS MAY BE AVOIDABLE
VIA CROP ABANDONMENT, GRAZE-OUT, OR OTHER MANAGEMENT
STRATEGIES.
LISTING OF THE NAME JSET AN D PRICE VECTOR
CODE ITEM NAME
13
14
17
72
73
76
81
93
94
98
103
107
146
153
170
177
179
180
181
184
186
188
189
2U.
NMOD
UNIT
PRICE
STOCKER STEERS
FEEDER STEERS
STEER CALVES
HEIFER CALVES
CULL COWS
CORN
GRAIN SORGHUM
WHEAT
______
ALFALFA HAY
COTTON LINT
COTTONSEED
SOYBEANS
SALT & MIN.
COTTONSEED CAKE
DEATH LOSS
PASTURE RENT
HAY
RANGE IMPROVEMEN
WHEAT PASTURE
WHEAT GRAZING
SEED WHEAT
SEED CORN/GRAIN
GRAIN SORG. SEED
ALFALFA SEED
SOYBEAN SEED
NITROGEN
CWT.
CWT.
CWT.
CWT •
CWT.
BU.
CWT .
100 .00
85.00
72.50
62.50
46.00
2.85
4.70
3.85
50.00
0 .56
90.00
5.35
0.07
0.10
400.00
2.25
2.00
0 .64
0.30
0.23
7.50
12.00
0 .50
1.70
13.50
0 .26
0.26
12.50
12.50
8.00
0 .40
0.30
0.25
1 .75
0.20
0.45
0.12
2.00
1 .0 0
1.00
2.70
1.30
1.55
1.0 0
1.00
2.25
0.15
0.14
2.00
1.00
7 P H O S P H AT E
2_. CUSTOM HARVEST
269 CUSTOM HARVEST
270 CUSTOM HARVEST
271 CUSTOM HARVEST
272 CUSTOM HARVEST
274 CUSTOM HAUL
275 CUSTOM HARV&HAUL
285 HAUL CORN
291 SD COTTON-UPLAND
319 CUSTOM ORYING
330 FERTILIZER APPLI
392 MARKETING
393 MISC EXPENSE
395 FENCE REPAIR
396 WATER FACIL REPR
397 BARN REPAIR
409 VET & PROCESSING
410 VET MEDICINE
441 GIN.BAG. TIES
451 HAIL INSURANCE
462 PRORATED ESTABL.
4 6 5 I R R I G . E Q U I P.
466 IRR EQUIP (50%)
1
\J
3
4
5
= HEAD 6 =
Bu* 7 =
TON 8 =
= DOZ. 9 =
= GAL. 10 =
BALE
ACRE
HOUR
O AY S
AUM
SOY6
WHET
GSD
GSI
CORN
CUST
eu.
TCN
LB .
TON
eu.
LB •
LB.
OOL.
ACRE
BALE
ACRE
DAYS
CAYS
BU .
ACRE
LB.
LB.
BU.
LB •
LB.
ACPE
ACRE
ACRE
CWT.
BU •
BU.
CWT.
BU.
Le.
eu •
ACRE
DOL.
OOL.
HEAO
HEAD
HEAD
DOL.
DOL.
CWT.
DOL.
DOL.
AC IN
AC IN
LIVE
LIVE
L IVE
7 YR
FURR
FURR
I I
12
13
I 4
=
a
=
=
ACIN
LB.
PINT
Q T.
15
16
17
18
=
=
=
m
RE: g i o n
n u m b e r : 3 d a t e : <3 2 1 2 8 2
CODE• i t e m n a m e n m o d u n i t
PRICE
485
509
514
516
517
525
526
530
531
hauling & mktg. stoc cwt.
herbicide cott acre
custom haul whet bu.
custom haul sorg cwt.
insecticide sorg acre
herbicide sorg acre
herbicide
sb
acre
insecticide corn acre
herbicide corn acre
0.75
6. 00
0 , 12
O i, 2 5
5, 00
6 ., 9 5
7 ,▶00
15. 0 0
5 .50
.
:
DOL.
CWT.
OZ.
MILE
19
20
21
22
=
=
=
=
FEET
APPL
SQFT
LBGN
23
24
25
26
= CRTN 27
= C R AT 2 8
= BAGS 29
= TREE 30
= E. \CH
a GP»H
= K. I H
= MC: f
t a b l e . d e f a u l t p a r a m e t e r v a l u e s a n d d e fi n i t i o n s
region: 3 date: 021282
ROW
PA R A M E T E R
1.
PRICE
2.
PRICE
3.
PER
PER
PRICE
DEFINITION
GALLCN
PRICE
PER
K I L C WAT T
5.
PRICE
PER
1000
CU
NOMINAL
.
L . P.
CF
HOUR
F T.
OF
OF
VA L U E
GASOLINE
OF
GALLON
4.
6.
CF
GALLON
PER
D E FA U LT
1.0500
GAS
0.6500
DIESEL
1.2000
ELECTRICITY
N AT U R A L
INTEREST
0.0400
GAS
R AT E
0.0
0.1400
7 . M A C H I N E RY I N S U R . R AT E ( AV E R A G E I N V E S T M E N T ) 0 . 0 1 0 0
8.
MACHINERY
9.
12.
13.
R AT E
I R R I G AT I O N
10.
I
TA X
H O U R LY
I.
D E AT H
SYSTEM
MACHINERY
H O U R LY
H O U R LY
(PURCHASE
OTHER
VA L U E )
0.0050
NUMBER
WAGE
1.
R AT E
5.00
LABCR
WAGE
R AT E
3.50
IRRIG./LIVESTOCK
WAGE
R AT E
5.00
LOSS
(PERCENT
OF
TO TA L
RECEIPTS)
~
0.0
1 4 . L I V E S TO C K I N S U R . R AT E ( AV E R A G E I N V E S T M E N T ) 0 . 0 1 0 0
1 5 . E Q U I P M E N T I N S U R . R AT E ( AV E R A G E I N V E S T M E N T ) 0 . 0 1 0 0
16.
LIVESTOCK
TA X
R AT E
( AV E R A G E
VA L U E )
0.0050
17.
EQUIPMENT
TA X
R AT E
( AV E R A G E
VA L U E )
0.0050
18.
I R R I G AT I O N
LABCR
M U LT I P L I E R
(HRS/ACIN)
0.1000
1 9 . FA C TO R TO C O N V E RT M A C H I N E H R S TO T R A C TO R H R S I . 1 0 0 0
20. FACTOR TO CONVERT TRACTOR HRS TO LABOR HRS 1.2000
2 1 . FA C T O R T O C O N V E R T S E L F - P O W E R E D M A C H I N E R Y H R S
TO
LA80R
HRS
1.2500
2 2 . L U B R I C AT I O N C O S T M U LT I P L E O F M A C H I N E R Y
FUEL
COSTS
0.1000
23.
I N F L AT I O N
R AT E
24. LUBRICATION COST MULTIPLE OF EQUIPMENT
FUEL
COSTS
0.0
^
0.0500