Projections for Planning Purposes Only Not to be Used without Updating after March 19, 1998 B-1241 (C01&02) Corn for Grain, Sprinkler 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 HERBICIDE FERTILIZER APPL. FERTILIZER (N) FERTILIZER (P) FERTILIZER APPL. FERTILIZER (N) SEED INSECTICIDE INSECTICIDE Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation $ / Unit =========== Total =========== 1.000 1.000 200.000 60.000 1.000 75.000 0.350 1.000 1.000 acre acre lb. lb. acre lb. bags acre acre Acre Acre Acre Acre Hour Hour 16.000 6.000 .150 .260 3.000 .270 80.000 15.000 15.000 16.00 6.00 30.00 15.60 3.00 20.25 28.00 15.00 15.00 5.97 39.07 1.80 6.70 9.97 8.69 =========== 221.06 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 0.100 8.53 ________ .120 .280 22.80 53.20 =========== 76.00 =========== 305.59 ________ ________ 226.41 ________ Total =========== 18.25 63.90 60.00 =========== 142.15 ________ ________ ________ 447.74 ________ 84.26 ________ 1.425 1.248 85.297 190.000 190.000 Dol. 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 6.964 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 ======== 01/15/98 02/10/98 02/20/98 03/20/98 04/10/98 04/15/98 04/15/98 04/15/98 04/15/98 04/15/98 05/10/98 05/10/98 05/15/98 05/25/98 06/15/98 06/15/98 06/30/98 07/10/98 07/25/98 08/01/98 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 O PREHARVEST E PREHARVEST G PREHARVEST E PREHARVEST E PREHARVEST G PREHARVEST E PREHARVEST E PREHARVEST M PREHARVEST O PREHARVEST M PREHARVEST O PREHARVEST E PREHARVEST M PREHARVEST O 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 IRRIGATION 2.0000 HERBICIDE CORN 1.0000 FERTILIZER APPL. ANH3 1.0000 FERTILIZER (N) ANH3 200.0000 FERTILIZER (P) 60.0000 FERTILIZER APPL. DRY 1.0000 FERTILIZER (N) LIQUID 75.0000 SEED CORNGR. .3500 PLANTING 12 ROW 1.0000 IRRIGATION 2.0000 CULTIVATING 12 ROW 1.0000 IRRIGATION 4.0000 INSECTICIDE CORN 1.0000 PICKUP TRUCK 3/4 TON 20.0000 IRRIGATION 4.0000 IRRIGATION 4.0000 INSECTICIDE CORN 1.0000 IRRIGATION 3.5000 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 C V .00 C V .00 C V .00 C V .00 C V .00 C V .00 C V .00 .00 .00 .00 .00 C V .00 .00 .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.