B-1241(L01) I Texas Agricultural Extension Service The Texas A&M University System Texas Livestock Enterprise Budgets Texas Panhandle & South Plains Districts Projected for 1995 Dallam Shermar Hans ford Ochil tree Hartley Moore Hutch inson Roberts Hemphill Oldham Potter Carson Gray Wheeler Deaf Smith Randall Arm strong Donley Collinsworth Parmer I Castro Swisher Bailey Lamb Hale Lipscomt Briscoe Floyd ICochrar Hockley Lubbock Crosby Yoakum Gaines Terry Lynn Garza Dawson Borden Dr. Stephen H. Amosson, District 1 Extension Economist-Management Dr. Jackie G. Smith, District 2 Extension Economist-Management The Texas Agricultural Extension Service • Zerlc L. Carpenter, Director • The Texas A&M University System • College Station, Texas B-1241(L01) I Texas Agricultural Extension Service The Texas A&M University System Texas Livestock Enterprise Budgets Texas Panhandle & South Plains Districts Projected for 1995 Dr. Stephen H. Amosson, District 1 Extension Economist-Management Dr. Jackie G. Smith, District 2 Extension Economist-Management The Texas Agricultural Extension Service • Zerle L. Carpenter, Director • The Texas A&M University System • College Station, Texas B-1241 <Lh Projections for Planning Purposes Only Sot to be Used without Updating after February 13, 1995 Permanent Pasture Establishment, Sprinkler Irrig. Texas Panhandle District (1) 1995 Projected Costs and Returns per Acre GROSS INCOME Description Quantity Unit $ / Unit To t a l Unit ==== To t a l Your Estimate -WARNING- No gross receipts VARIABLE COST Description FERTILIZER (N) FERTILIZER (P) FERTILIZER APPL. SEED Fuel & Lube - Machinery - Irrigation - Machinery Repairs - Irrigation - Machinery Labor - Irrigation - OC Borrowed Interest Quantity 40.000 50.000 1.000 15.000 2.691 0.384 31.473 lb. lb. acre lb. Acre Acre Acre Acre Hour Hour Dol. 7.000 6.964 0.090 3.00 5.25 3.00 18.75 8.37 10.02 5.47 2.06 18.84 2.67 2.83 - 8 0 . 28 GROSS INCOME minus VARIABLE COST Machinery and Equipment Irrigation Land .075 .105 3.000 1.250 80.28 Total VARIABLE COST FIXED COST Description $ / Unit Unit To t a l :====-=-__!=!== Acre Acre Acre 42..71 19. 66 25.,00 Total FIXED Cost 87.,37 Total of ALL Cost 167,,65 NET PROJECTED RETURNS -167..65 Information presented a prepared soUfy as a general gmde and is not intendedto recognise cr predict the coos and returns from any one particular farm or ranch operation. These projections were collected and developed by stag members of the Texas A^adtsatdExunatmSerynce and approved far publication. Ll.l )ses Only Only Projections for Planning Purposes 'ebruary 13, 1995 Date Stage of Production Type of Product Name Prod B-1241 (Lh Number Weight of per Head Units Cash NonCash Landlord 3rea< Share Even Prod. -WARNING- No valid Receipts records Date Stage of Production =_=====_== ================ 07/10/95 07/15/95 07/20/95 08/05/95 08/10/95 08/14/95 08/14/95 08/14/95 08/15/95 08/15/95 08/20/95 09/15/95 10/31/95 11 / 1 5 / 9 5 12/31/95 Type of Input ===>=o M M M M M E E G M E M 0 M 0 K Input Name Number of Units Cash NonCash F i x e d L a n d l ord or Share Va r i . ================= = = == = =3=1= ============= ===== ===== =â– ==-==== PLOWING FLOATING DISCING DISCING PACKING FERTILIZER (N) FERTILIZER (P) FERTILIZER APPL. DRILLING SEED PACKING IRRIGATION PICKUP TRUCK IRRIGATION CASH-RENT TANDEM TANDEM DRY DRY 1 DRILL PASTURE 3/4 TON PASTURE 1.0000 1.0000 1.0000 1.0000 1.0000 40.0000 50.0000 1.0000 1.0000 15.0000 1.0000 4.0000 15.0000 2.0000 1.0000 C C C V V V C V F .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 Information presented is prepared solely as a general guide and is not intended to recogmx or predict the costs and returns from any one particular farm or ranch operation. L1.2 These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approvedfar publication Projections for Planning Purposes Only Sot to be Used without Updating after February 13. 1995 B-1241 (Ll, Permanent Pasture, Sprinkler Irrig. (Natural Gas) Texas Panhandle District (1) 1995 Projected Costs and Returns per Acre GROSS INCOME Description PASTURE Quantity Unit 182.000 days $ / Unit 0.7200 Total GROSS Income VARIABLE COST Description FERTILIZER (N) FERTILIZER (P) FERTILIZER APPL. FERTILIZER (N) FERTILIZER APPL. Fuel & Lube - Machinery - Irrigation Unit Quantity 100.000 40.000 1.000 50.000 1.000 0.733 1.152 30.396 -0.193 lb. lb. acre lb. acre Acre Acre Acre Acre Hour Hour Dol. Dol. $ / Unit .075 .105 3.000 .075 3.000 7.000 6.964 0.090 0.050 B r e a k - E v e n P r i c e , To t a l Va r i a b l e C: oosst t $ To t a l 7.50 4.20 3.00 3.75 3.00 1.04 30.06 0.30 6.18 5.13 8.02 2.74 -0.01 0 .41 pe r days of PAS TURE 56.13 GROSS INCOME minus VARIABLE COST Unit Acre Acre Acre Acre To t a l 3.67 58.98 25.00 35.92 123.57 Total FIXED Cost Break-Even Price, Total Cost $ 131.04 74.91 Total VARIABLE COST Machinery and Equipment Irrigation Land Perennial Crop Yo u r Estimate 131.04 Repairs - Machinery - Irrigation Labor - Machinery - Irrigation Interest - OC Borrowed Interest - Positive Cash FIXED COST Description To t a l 1.09 per da ys of PASTURE Total of ALL Cost 198.49 NET PROJECTED RETURNS -67.45 Information presentedisprepared solelyas a generalguide and is not intendedto recogmtt or predict the costs and returns from any one particular farm or rmch operation. These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication L1.3 Projections jor Planning Punooses Only \ot to be Used without Updating after February 13. 1995 Date Stage of Production Type of Product Name B-1241 (LU Number Weight of Prod. per Units Head ======== ================ ===== ===============:========== ============= ====•======== Cash Landlord _:ea'< N o n - S h a r e E v e r. Cash Prod. 3= A 09/20/95 Date Stage of .Production Type of PASTURE 182.0000 Input Name Number of Units Input .0000 Cash NonCash ===== ======== C Fixed Landlord or Share Va r i . ======== ================ ===== ===============:========== ============= ====:= ===== ======== 03/15/95 03/15/95 03/15/95 03/20/95 04/20/95 05/20/95 06/15/95 06/15/95 06/20/95 06/30/95 07/20/95 08/20/95 09/20/95 09/30/95 L1.4 E E G 0 0 O E G O M O O L K FERTILIZER (N) FERTILIZER (P) FERTILIZER APPL . IRRIGATION IRRIGATION IRRIGATION FERTILIZER (N) FERTILIZER APPL . IRRIGATION PICKUP TRUCK IRRIGATION IRRIGATION PASTURE CASH-RENT DRY DRY DRY DRY 3/4 TON PASTURE 100.0000 40.0000 1.0000 2.0000 2.0000 2.0000 50.0000 1.0000 4.0000 20.0000 4.0000 4.0000 1.0000 1.0000 c c c V V V c c V V F F .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 Information presented is prepared solely as a general guide aid is not intended to recognize or predict the costs and re tuna from my one particular form or ranch operation. These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication .00 ===== - Projections for Planning Purposes Only Sot to be Used without Updating after February 13. 1995 B-1241 (LI) Forage Sorghum, Dryland Texas Panhandle District (1) 1995 Projected Costs and Returns per Acre GROSS INCOME Description GRAZING SORGHUM Quantity Unit $ / Unit 100.000 lb. 0.4000 Total GROSS Income VARIABLE COST Description SEED Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery Interest - OC Borrowed To t a l Yo u r Estimate 40.00 40.00 Quantity Unit $ / Unit 5.000 lb. Acre Acre 1.327 Hour 11 . 7 3 6 D o l . .840 7.001 0.090 To t a l 4.20 3.65 1.52 9.29 1.06 19.71 Total VARIABLE COST B r e a k - E v e n P r i c e , To t a l Va r i a b l e C: oosst t $ 0 . 1 9 p e r l b . of GRAZING 20.29 GROSS INCOME minus VARIABLE COST FIXED COST Description Machinery and Equipment Land Unit Acre Acre Total of ALL Cost NET PROJECTED RETURNS 16.41 20.00 36.41 Total FIXED Cost Break-Even Price, Total Cost $ To t a l 0.56 per lb. of GRAZIN( 56.12 -16.12 Information presented is prepared solely as a general guide and is not intended to recognise or predict the costs and returns from any one particular farm or ranch operation These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication L1.5 Projections for Planning Purposes Only Not to be Used without Updating afterâ– February 13. 1995 Date Stage of Type of Product Name Production Prod. ======== ================ ===== A GRAZING 09/20/95 SORGHUM B-1241 ill) Number Weight Cash Landlord areak per NonShare Even Units Head Cash Prod. ============= ===== ======== ===== 100.0000 .0000 N .00 Y of Cash Fixed Landlord Non- or Share Production Units C a s h Va r i . Input ======== ================ ===== ========================= ============= ===== ===== ======== 1.0000 M CHISELING .00 02/15/95 M DISCING TA N D E M 1.0000 .00 04/20/95 E SEED SORGHUM 5.0000 C V .00 05/15/95 1.0000 05/15/95 M DRILLING 1 DRILL .00 20.0000 .00 06/30/95 M PICKUP TRUCK 3/4 TON K CASH-RENT SORGHUMD 1.0000 F .00 06/30/95 Date Stage of L1.6 Type of Input Name Number of Information presented is prepaid solely as a general guide and is not Intended to recognise or predict the costs aui returns from any one particular farm or ranch operation. These projections were collected aid developed by staff members of the TexasAgricultural Extension Service and approved far publication Projections for Planning Purposes Only Sot to be Used without Updating after February 13. 1995 B-1241 (Ll) Cow-Calf Budget Texas High Plains (1) 1995 Projected Costs and Returns per Head PRODUCTION Description CULL COWS HEIFER CALVES STEER CALVES Quantity Unit $ 0.12Hd 10.000 cwt. 0.23Hd 4.500 cwt. 0.43Hd 5.000 cwt. / Unit 41.5000 83.0000 87.0000 Return 49.80 85.91 187.05 Yo u r Estimate 322.76 Total GROSS Income OPERATING INPUT or CUSTOM OPERATION Description Input Use CORRAL REPAIR 1.000 COTTONSEED CAKE 322.500 FENCE REPAIR 1.000 HAY 900.000 MARKETING COW-CALF 0.850 MISCELLANEOUS COW-CALF 1.000 SALT & MINERALS 27.500 1.000 VET. MEDICINE 1.000 WATER FACIL REPR Fuel Lube Repair Unit head lb. head lb. head head lb. head head $ / Unit 1.550 0 . 11 5 4.000 0.030 5.000 3.000 0.070 7.500 2.500 Cost 1.55 37.09 4.00 27.00 4.25 3.00 1.93 7.50 2.50 2.98 0.30 1.31 93.40 Total OPERATING INPUT and CUSTOM OPERATION Costs Residual returns to capital, ownership 229.,35 l a b o r, l a n d , m a n a g e m e n t , a n d p r o fi.tt .=====_=============:========-===-=.============= Rate of Cost CAPITAL INVESTMENT Description Quantity Unit Return Invested 0.090 84..69 940.965 Dol. Interest - IT Borrowed 0.090 12..63 140.329 Dol. Interest - OC Borrowed 97.32 Total CAPITAL INVESTMENT Costs R e s i d u a l r e t u r n s t o o w n e r s h i p , l a b o r, land, management, and profit 132.04 OWNERSHIP COST Description (Depreciation, Taxes, and Insurance) Machinery and Equipment Livestock 18.82 Total OWNERSHIP Costs 113.21 R e s i d u a l r e t u r n s t o l a b o r, l a n d , m a n a g e m e n t , a n d p r o fi t LABOR COST Description Cost 15.79 3.04 Input Machinery and Equipment Other Use Unit 2.368 6.400 Hr. Hr. Average Rate 7.024 5.000 Cost 16.63 32.00 Total LABOR Costs 48.63 Residual returns to land, management, and profit 64.58 LAND COST Description Input Use Unit PASTURE Annual Lease 20.000 Acre Total LAND Costs Residual returns to management and profit Rate of Return 4.000 Cost 80..00 80..00 .============ -15..42 -WARNING- No Management Cost Specified R e s i d u a l r e t u r n s t o p r o fi t -15.42 To t a l P r o j e c t e d C o s t o f P r o d u c t i o n 338.18 Information presentedispreparedsolely as a general guide and is not intended to recognise or predict the costs and returns from any one particularfam or ranch operation These projections were collectedanddevelopedby staffmembers ofthe TexeaA^culturalExtensttm Service and cfpravedfar publication. LI.7 B-1241 (Lh Projections for Planning Purposes Only Sot to be Used without Updating after February 13. 1995 Cow-Calf Budget Texas High Plains (1) 1995 Projected Costs and Returns per Head Quantity GROSS INCOME Description CULL HEIFER STEER COWS C A LV E S C A LV E S 0 . 1 2 H di 1 0 . 0 0 0 4.500 0 . 2 3 H dI 0 . 4 3 H d1 5 . 0 0 0 Unit cwt. cwt. cwt. S / Unit 41.5000 83.0000 87.0000 To t a l 49.80 85.91 187.05 322.76 Total GROSS Income To t a l VARIABLE COST Description 1.55 37.09 4.00 27.00 0.08 12.63 32.00 4.25 3.00 0.30 20.39 1.93 0.18 0.17 0.10 7.50 2.50 CORRAL REPAIR COTTONSEED CAKE FENCE REPAIR HAY HAYRACK-FEEDER Interest - OC Borrowed LIVESTOCK LABOR MARKETING COW-CALF MISCELLANEOUS COW-CALF PENS & EQUIPMENT PICKUP TRUCK 3/4 TON SALT & MINERALS STOCK SPRAYER STOCK TRAILER TACK VET. MEDICINE WATER FACIL REPR Total VARIABLE COST 154.67 GROSS INCOME minus VARIABLE COST 168.09 FIXED COST Description Machinery and Equipment Livestock Land Unit Acre Acre To t a l 24.83 78.68 80.00 Total FIXED Cost 183.51 Total of ALL Cost 338.18 NET PROJECTED RETURNS -15.42 L1.8 Yo u r Estimate Information presented is prepared solely as a general guide andis not intendedto recognise or predict the costs out returns from anyone particular form or ranch operation These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication. Projections for Planning Purposes Only B-1241 (Lb Sot to be Used without Updating after February 13. 1995 Winter Stocker Calf Budget Texas Panhandle District (1) 1995 Projected Costs and Returns per Head PRODUCTION Description Quantity Unit $ / Unit Return Estimate FEEDER STEERS MARCH 0.98Hd 6.100 cwt. 75.0000 448.35 To t a l GROSS Income OPERATING INPUT or CUSTOM OPERATION Description H AY STOCKER MISCELLANEOUS STOCKER SALT & MINERALS STOCKERS STOCKER STEERS WINTER VET & PROCESSING WHEAT PASTURE 4 t Use 0.100 1.000 15.000 4.000 1.000 16.000 4 Unit ton head lb. cwt. head cwt. $ / Unit 50.000 1.000 0.233 86.250 7.500 2.750 8.35 Cost 5.00 1.00 3.50 345.00 7.50 44.00 To t a l O P E R AT I N G I N P U T a n d C U S T O M O P E R AT I O N C o s t s 4 0 6 . 0 0 Residual returns to capital, ownership 42.36 .t labor, land, management, and profit ============================================ Cost Rate of CAPITAL INVESTMENT Description Quantity Unit Return Invested 4.30 47.727 Dol. 0.090 Interest - OC Equity 0.090 10.02 111.363 Dol. Interest - OC Borrowed To t a l C A P I TA L INVESTMENT Residual returns to ownership, labor, land, management, Costs and p r o fi t 14.32 28.04 -WARNING- No Ownership Cost R e s i d u a l r e t u r n s t o l a b o r , l a n d , m a n a g e m e n t , a n d p r o fi t 2 8 . 0 4 LABOR COST Description Input Use Unit Average Cost Rate Other 1-800 Hr. 5.000 9.00 To t a l LABOR Residual returns to Costs land, management, 9-00 and p r o fi t 19.04 -WARNING- No Land Cost Specified Residual returns to management and p r o fi t 19.04 -WARNING- No Management Cost Specified Residual To t a l returns Projected to Cost profit of __.£.__!_._1. Production 429.31 Information presentedis preparedsolely as a general guide auiis not intendedto recognize or preoScl the camatdntunafram am one particulaformarroKh operation ^ These projections were collected and developed by staff members of the Texas A&culturai Extension Service aid approved for publication. «- . Projections for Planning Purposes Only B-1241 iLli Sot to be Used without Updating after February 13. 1995 Winter Stocker Calf Budget Texas Panhandle District (1) 1995 Projected Costs and Returns per Head GROSS INCOME FEEDER Description STEERS To t a l MARCH Quantity 0.98Hd 6.100 GROSS VA R I A B L E Unit $ cwt. / Unit 75.0000 Income COST Description VA R I A B L E Your Estimate 448.35 448.35 To t a l H AY STOCKER Interest OC Borrowed Interest OC Equity LIVESTOCK LABOR MISCELLANEOUS STOCKER S A LT & MINERALS STOCKERS STOCKER STEERS WINTER VET & PROCESSING W H E AT PA S T U R E To t a l To t a l COST 5.00 10.02 4.30 9.00 1.00 3.50 345.00 7.50 44.00 429.31 Break-Even Price, Total Variable Cost $ 71.81 per cwt. of FEEDER STEERS GROSS FIXED INCOME COST minus VA R I A B L E Description COST Unit 19.04 To t a l Break-Even Price, Total Cost $ 71.81 per cwt. of FEEDER STEERS To t a l NET of PROJECTED ALL Cost RETURNS 429.31 19.04 Information presented is preparedsolely as a general guide andis not intendedlo recognize or preact the costs and returns from any one pantcular farm or ranch iiptraum. Ll. 10 These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication Projections for Planning Purposes Only B-1241 (Lb Sot to be Used without Updating after February 13. 1995 Summer Stocker Calf Budget Texas Panhandle Area (1&2) 1995 Projected Costs and Returns per Head PRODUCTION Description Quantity Unit $ / Unit Return Estimate FEEDER STEERS OCTOBER 0.98Hd 5.700 cwt. 7 5.0000 418.95 To t a l GROSS Income OPERATING INPUT or CUSTOM OPERATION Description Input Use DELIVERY STOCKER 1.000 PASTURE 5.000 15.000 SALT & MINERALS STOCKERS STOCKER STEERS 4.000 VET & PROCESSING 1.000 Unit head $/mo 418.95 $ / Unit 5.000 8.000 0.233 102.000 7.500 lb. cwt. head Cost 5.00 40.00 3.50 408.00 7.50 To t a l O P E R AT I N G I N P U T a n d C U S T O M O P E R AT I O N C o s t s 4 6 4 . 0 0 Residual returns to capital, ownership labor, land, management, and p r o fi t -45.05 C A P I TA L I N V E S T M E N T D e s c r i p t i o n Q u a n t i t y U n i t R a t e o f C o s t Invested Return Interest OC Equity 55.963 Dol. 0.090 5.04 Interest OC Borrowed 130.580 Dol. 0.090 11 . 7 5 To t a l C A P I TA L INVESTMENT R e s i d u a l r e t u r n s t o o w n e r s h i p , l a b o r, land, management, Costs and p r o fi t 16.79 -61.83 -WARNING- No Ownership Cost R e s i d u a l r e t u r n s t o l a b o r , l a n d , m a n a g e m e n t , a n d p r o fi t - 6 1 . 8 3 -WARNING- No Labor Cost Specified Residual returns to land, management, and p r o fi t -61.83 -WARNING- No Land Cost Specified Residual returns to management and p r o fi t -61.83 -WARNING- No Management Cost Specified Residual To t a l returns Projected to Cost of p r o fi t Production ~61,83 480.78 Information presentedis prepaedsolely as a general guide andis not intendedto recognise or pnd^ the com and returns from any one pantculafdmv , . |( These projections were collected aui developed by staff members of the Texas Agricultural Extension Service andapprovedfar publication. B-1241 (Lb Projections for Planning Purposes Only Sot to be Used without Updating after February 13. 1995 Summer Stocker Calf Budget Texas Panhandle Area (1&2) 1995 Projected Costs and Returns per Head GROSS INCOME Description Quantity Unit $ / Unit FEEDER STEERS OCTOBER 0.98Hd 5.700 cwt, 75.0000 418.95 To t a l VARIABLE COST Description 5.00 11.75 5.04 40.00 3.50 408.00 7.50 DELIVERY STOCKER Interest - OC Borrowed Interest - OC Equity PASTURE SALT & MINERALS STOCKERS STOCKER STEERS VET & PROCESSING Total VARIABLE COST 480.78 B r e a k - E v e n P r i c e , To t a l Va r i a b l e C o s t 86.06 per cwt. of FEEDER STEERS GROSS INCOME minus VARIABLE COST Break-Even Price, Total Cost $ -61.83 Unit To t a l 86.06 per cwt. of FEEDER STEERS Total of ALL Cost 480.78 NET PROJECTED RETURNS -61.83 L1.12 Your Estimate 418.95 Total GROSS Income FIXED COST Description To t a l Information presented is prepared solely as a general guide aid is not intended to recogmse or predict the casts aui returns from ay one particular from or ranch operation These projections were collected and developed by staff members of the Texas Agricultural Extension Service aid approved far publication Projections for Planning Purposes Only B-1241 (Lb Not to be Used without Updating after February 13. 1995 Livestock Products Report L i v e s t o c k Name Price Unit per of Unit CULL COWS FEEDER STEERS FEEDER STEERS HEIFER CALVES STEER CALVES MARCH OCTOBER 41.5000 75.0000 75.0000 83.0000 87.0000 Mes. cwt. cwt. cwt. cwt. cwt. Weight per Unit 100.0000 100.0000 100.0000 100.0000 100.0000 Cash Flow Row 31 25 25 24 24 Information presented is preparedsolely as a general guide andis not intended to recognise or predict dm com and retunafrom any one particular farm or ranch operation. These projections were collected end developed by staff members of the Texas Agricultural Extension Service andapprovedfor publication. Ll. 1J Educational programs conducted by the Texas Agricultural Extension Service serve people of all ages regardless of socio-economic level, race, color, sex or national origin. Cooperative Extension Work in Agriculture and Home Economics, The Texas A&M University System and the United States Department of Agriculture cooperating Distributed in furtherance of the acts of Congress of May 8, 1914, as amended, and June 30, 1914. 150-01-95, New ECO 7-2