Projections for Planning Purposes Only Not to be Used without Updating after March 19, 1998 B-1241 (C01&02) Rotation: Wheat-Fallow-Wheat: Conv Till Wheat Bud. Texas High Plains 1998 Projected Costs and Returns per Acre GROSS INCOME Description ============================ GRAZING DRYLAND WHEAT Quantity ========= 105.000 20.000 Unit ==== days bu. $ / Unit =========== 0.1500 3.5800 Total GROSS Income VARIABLE COST Description ================================= PREHARVEST SEED INSECTICIDE+APPL FALLOW LAND Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery Your Estimate ======== ________ ________ ________ Quantity =========== Unit ==== $ / Unit =========== Total =========== 0.500 1.000 1.000 bu. acre acre Acre Acre Hour 5.500 9.000 11.990 2.75 9.00 11.99 5.88 1.72 8.96 =========== 40.30 ________ ________ ________ ________ ________ ________ 1.280 7.000 Total PREHARVEST Interest - OC Borrowed HARVEST CUSTOM HARVEST CUSTOM HAULING Total =========== 15.75 71.60 =========== 87.35 ________ 15.726 Dol. 0.100 1.57 ________ 1.000 20.000 acre bu. 12.000 .100 12.00 2.00 =========== 14.00 =========== 55.87 ________ ________ 31.48 ________ Total =========== 32.94 15.13 20.00 =========== 68.07 ________ ________ ________ Total of ALL Cost 123.94 ________ NET PROJECTED RETURNS -36.59 ________ Total HARVEST Total VARIABLE COST GROSS INCOME minus VARIABLE COST FIXED COST Description ================================= FALLOW LAND CON FIXD Machinery and Equipment Land Total FIXED Cost 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 of of Production Prod. ======== ================ ===== 12/15/97 A 01/15/98 A 02/15/98 A 03/15/98 A 05/20/98 HARVEST A Date ======== 06/15/97 08/01/97 08/15/97 09/01/97 09/20/97 09/20/97 12/31/97 03/01/98 05/02/98 05/02/98 05/20/98 05/20/98 05/20/98 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST G PREHARVEST E PREHARVEST E HARVEST G HARVEST G K Product Number Weight of per Units Head ========================= ============= ============= GRAZING DRYLAND 31.0000 .0000 GRAZING DRYLAND 31.0000 .0000 GRAZING DRYLAND 28.0000 .0000 GRAZING DRYLAND 15.0000 .0000 WHEAT 20.0000 .0000 Input Name Name Number of Units ========================= ============= FIELD CULTIVATOR 1.0000 BLADE PLOWING 1.0000 FIELD CULTIVATOR 1.0000 ROD WEEDING 1.0000 DRILLING 2 DRILLS 1.0000 SEED WHEAT .5000 PICKUP TRUCK 3/4 TON 20.0000 INSECTICIDE+APPL WHEAT 1.0000 FALLOW LAND CON VAR 1.0000 FALLOW LAND CON FIXD 1.0000 CUSTOM HARVEST WHEATD 1.0000 CUSTOM HAULING WHEAT 20.0000 CASH-RENT WHEATDS 1.0000 B-1241 (C01&02) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== N .00 N N .00 N N .00 N N .00 N C .00 N Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 .00 .00 .00 .00 C V .00 .00 C V .00 C V .00 C F .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.