Projections for Planning Purposes Only Not to be Used without Updating after March 19, 1998 B-1241 (C01&02) Wheat, Sprinkler Irrigated (Sandy Soils) Texas High Plains 1998 Projected Costs and Returns per Acre GROSS INCOME Description ============================ GRAZING WHEATI WHEAT Quantity ========= 120.000 50.000 Unit ==== days bu. $ / Unit =========== 0.4000 3.5800 Total GROSS Income VARIABLE COST Description ================================= PREHARVEST FERTILIZER (N) FERTILIZER (P) FERTILIZER APPL. SEED INSECTICIDE+APPL Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation Total =========== 48.00 179.00 =========== 227.00 Your Estimate ======== ________ ________ ________ Quantity =========== Unit ==== $ / Unit =========== Total =========== 125.000 25.000 1.000 1.500 1.000 lb. lb. acre bu. acre Acre Acre Acre Acre Hour Hour .210 .260 3.000 5.500 9.000 26.25 6.50 3.00 8.25 9.00 6.49 30.06 1.68 5.15 13.49 6.69 =========== 116.56 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 15.00 5.00 =========== 20.00 ________ ________ 7.37 -0.02 =========== 143.91 ________ ________ 83.09 ________ Total =========== 20.29 49.15 40.00 =========== 109.44 ________ ________ ________ Total of ALL Cost 253.34 ________ NET PROJECTED RETURNS -26.34 ________ Total PREHARVEST HARVEST CUSTOM HARVEST CUSTOM HAULING 1.928 0.960 1.000 50.000 acre bu. 7.000 6.963 15.000 .100 Total HARVEST Interest Interest - OC Borrowed - Positive Cash 73.738 -0.492 Dol. Dol. Total VARIABLE COST GROSS INCOME minus VARIABLE COST FIXED COST Description ================================= Machinery and Equipment Irrigation Land Total FIXED Cost Unit ==== Acre Acre Acre 0.100 0.050 ________ ________ ________ ________ 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 ======== 07/05/97 07/05/97 07/30/97 07/30/97 07/30/97 09/01/97 09/01/97 09/01/97 10/25/97 12/10/97 01/31/98 03/01/98 03/01/98 03/15/98 04/01/98 04/10/98 05/20/98 05/20/98 05/31/98 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST E PREHARVEST G PREHARVEST M PREHARVEST E PREHARVEST O PREHARVEST O PREHARVEST O PREHARVEST M PREHARVEST G PREHARVEST O PREHARVEST O PREHARVEST O PREHARVEST O HARVEST G HARVEST G K Product Number Weight of per Units Head ========================= ============= ============= GRAZING WHEATI 30.0000 .0000 GRAZING WHEATI 30.0000 .0000 GRAZING WHEATI 30.0000 .0000 GRAZING WHEATI 30.0000 .0000 WHEAT 50.0000 .0000 Input Name Name Number of Units ========================= ============= DISCING TANDEM 1.0000 DISCING TANDEM 1.0000 FERTILIZER (N) DRY 125.0000 FERTILIZER (P) 25.0000 FERTILIZER APPL. DRY 1.0000 DRILLING 1 DRILL 1.0000 SEED WHEAT 1.5000 IRRIGATION 3.0000 IRRIGATION 2.0000 IRRIGATION 2.0000 PICKUP TRUCK 3/4 TON 35.0000 INSECTICIDE+APPL WHEAT 1.0000 IRRIGATION 2.0000 IRRIGATION 2.0000 IRRIGATION 2.0000 IRRIGATION 2.0000 CUSTOM HARVEST WHEATI 1.0000 CUSTOM HAULING WHEAT 50.0000 CASH-RENT WHEATI 1.0000 B-1241 (C01&02) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== N 33.00 N N 33.00 N N 33.00 N N 33.00 N C 33.00 N Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 .00 C V 33.00 C V 33.00 C V .00 .00 C V .00 .00 .00 .00 .00 C V .00 .00 .00 .00 .00 C V .00 C V 33.00 C 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.