Projections for Planning Purposes Only Not to be Used without Updating after March 19, 1998 B-1241 (C01&02) Corn for Grain, Furrow Irrigated, (Natural Gas) Texas High Plains 1998 Projected Costs and Returns per Acre GROSS INCOME Description ============================ CORN Quantity ========= 190.000 Unit ==== bu. $ / Unit =========== 2.8000 Total GROSS Income VARIABLE COST Description ================================= PREHARVEST FERTILIZER (N) FERTILIZER (P) FERTILIZER APPL. FERTILIZER APPL. HERBICIDE FERTILIZER (N) SEED INSECTICIDE INSECTICIDE Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation $ / Unit =========== Total =========== 200.000 60.000 1.000 1.000 1.000 75.000 0.350 1.000 1.000 lb. lb. acre acre acre lb. bags acre acre Acre Acre Acre Acre Hour Hour .150 .260 6.000 3.000 16.000 .270 80.000 15.000 15.000 30.00 15.60 6.00 3.00 16.00 20.25 28.00 15.00 15.00 9.31 44.21 2.51 16.21 15.02 23.25 =========== 259.37 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 0.100 11.17 ________ .120 .280 22.80 53.20 =========== 76.00 =========== 346.54 ________ ________ 185.46 ________ Total =========== 26.19 67.42 60.00 =========== 153.61 ________ ________ ________ 500.15 ________ 31.85 ________ 2.145 3.373 111.730 Dol. 190.000 190.000 bu. bu. Total VARIABLE COST GROSS INCOME minus VARIABLE COST Total FIXED Cost Total of ALL Cost NET PROJECTED RETURNS ________ Unit ==== Total HARVEST FIXED COST Description ================================= Machinery and Equipment Irrigation Land Your Estimate ======== ________ Quantity =========== 7.000 6.894 Total PREHARVEST Interest - OC Borrowed HARVEST DRYING HARVEST & HAUL Total =========== 532.00 =========== 532.00 Unit ==== Acre Acre Acre ________ ________ ________ ________ 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 were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication. Projections for Planning Purposes Only Not to be Used without Updating after March 19, 1998 Date Stage Type Product Name Number Weight of of of per Production Prod. Units Head ======== ================ ===== ========================= ============= ============= 09/20/98 HARVEST A CORN 190.0000 .0000 Date ======== 11/10/97 11/20/97 12/15/97 02/10/98 03/10/98 03/15/98 03/15/98 03/15/98 03/15/98 03/15/98 03/20/98 04/10/98 04/15/98 04/20/98 04/20/98 04/30/98 05/15/98 06/15/98 06/15/98 07/15/98 08/11/98 08/15/98 09/20/98 09/20/98 09/20/98 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST E PREHARVEST G PREHARVEST G PREHARVEST E PREHARVEST O PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST M PREHARVEST O PREHARVEST E PREHARVEST O PREHARVEST E PREHARVEST O HARVEST G HARVEST G K Input Name Number of Units ========================= ============= SHREDDING 1.0000 DISCING OFFSET 1.0000 CHISELING 1.0000 DISCING TANDEM 1.0000 BEDDING 1.0000 FERTILIZER (N) ANH3 200.0000 FERTILIZER (P) 60.0000 FERTILIZER APPL. ANH3 1.0000 FERTILIZER APPL. DRY 1.0000 HERBICIDE CORN 1.0000 IRRIGATION FURROW 8.0000 ROD WEEDING 1.0000 FERTILIZER (N) LIQUID 75.0000 PLANTING 12 ROW 1.0000 SEED CORNGR. .3500 PICKUP TRUCK 3/4 TON 30.0000 CULTIVATING 12R ROLLING 1.0000 IRRIGATION FURROW 6.0000 INSECTICIDE CORN 1.0000 IRRIGATION FURROW 6.0000 INSECTICIDE CORN 1.0000 IRRIGATION FURROW 4.0000 DRYING CUSTOM 190.0000 HARVEST & HAUL CORN 190.0000 CASH-RENT CORN 1.0000 B-1241 (C01&02) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== C .00 N Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 .00 .00 .00 .00 C V .00 C V .00 C V .00 C V .00 C V .00 .00 .00 C V .00 .00 C V .00 .00 .00 .00 C V .00 .00 C V .00 .00 C V .00 C V .00 F .00 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 were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication.