Projections for Planning Purposes Only Not to be Used without Updating after March 19, 1998 B-1241 (C01&02) Soybeans, Furrow Irrigated, (Natural Gas) Texas High Plains 1998 Projected Costs and Returns per Acre GROSS INCOME Description ============================ SOYBEANS Quantity ========= 45.000 Unit ==== bu. $ / Unit =========== 6.3400 Total GROSS Income VARIABLE COST Description ================================= PREHARVEST HERBICIDE & APPL FERTILIZER (N) FERTILIZER APPL. SEED Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation $ / Unit =========== Total =========== 1.000 100.000 1.000 60.000 acre lb. acre lb. Acre Acre Acre Acre Hour Hour 12.000 .150 6.000 .320 12.00 15.00 6.00 19.20 6.87 35.00 2.00 12.83 8.10 18.41 =========== 135.42 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 0.100 5.89 ________ .300 13.50 =========== 13.50 =========== 154.81 ________ 1.158 2.671 58.909 Dol. 45.000 bu. Total HARVEST Total VARIABLE COST Break-Even Price, Total Variable Cost $ 7.001 6.893 Unit ==== Acre Acre Acre Total FIXED Cost NET PROJECTED RETURNS ________ ________ ________ 3.44 per bu. of SOYBEANS GROSS INCOME minus VARIABLE COST Total of ALL Cost ________ Unit ==== Interest - OC Borrowed HARVEST HARVEST & HAUL Break-Even Price, Total Cost $ Your Estimate ======== ________ Quantity =========== Total PREHARVEST FIXED COST Description ================================= Machinery and Equipment Irrigation Land Total =========== 285.30 =========== 285.30 130.49 ________ Total =========== 21.85 53.37 40.00 =========== 115.22 ________ ________ ________ 270.03 ________ 15.27 ________ ________ 6.00 per bu. of SOYBEANS 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 ======== ================ ===== ========================= ============= ============= 09/30/98 HARVEST A SOYBEANS 45.0000 .0000 Date ======== 12/15/97 12/20/97 12/30/97 02/15/98 03/15/98 03/15/98 04/19/98 04/24/98 04/25/98 05/09/98 05/09/98 05/14/98 05/14/98 06/14/98 06/19/98 07/09/98 07/24/98 08/19/98 09/30/98 09/30/98 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST M PREHARVEST O PREHARVEST E PREHARVEST G PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST O PREHARVEST O PREHARVEST O PREHARVEST O HARVEST G K Input Name Number of Units ========================= ============= SHREDDING 1.0000 CHISELING 1.0000 PICKUP TRUCK 3/4 TON 1.0000 FIELD CULTIVATOR 1.0000 FIELD CULTIVATOR 1.0000 HERBICIDE & APPL SOYBEAN 1.0000 BEDDING 1.0000 CULTIVATING ROLLING 1.0000 IRRIGATION FURROW 6.0000 FERTILIZER (N) ANH3 100.0000 FERTILIZER APPL. ANH3 1.0000 PLANTING 12 ROW 1.0000 SEED SOYBEAN 60.0000 CULTIVATING ROLLING 1.0000 IRRIGATION FURROW 4.0000 IRRIGATION FURROW 3.0000 IRRIGATION FURROW 3.0000 IRRIGATION FURROW 3.0000 HARVEST & HAUL SOYBEAN 45.0000 CASH-RENT SOYBEANS 1.0000 B-1241 (C01&02) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== C .00 Y Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 .00 .00 .00 .00 C V .00 .00 .00 .00 C V .00 C V .00 .00 C V .00 .00 .00 .00 .00 .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.