Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1999 B-1241 (C1&2) Rotation: Wheat-Fallow-Wheat: Min Till Wheat Bud. Texas High Plains 1999 Projected Costs and Returns per Acre GROSS INCOME Description ============================ GRAZING DRYLAND WHEAT Unit ==== days bu. $ / Unit =========== 0.1500 3.0500 Quantity =========== Unit ==== $ / Unit =========== Total =========== 0.500 1.000 1.000 bu. acre acre Acre Acre Hour 4.500 9.500 17.230 2.25 9.50 17.23 2.70 0.96 6.72 =========== 39.36 ________ ________ ________ ________ ________ ________ Total GROSS Income VARIABLE COST Description ================================= PREHARVEST SEED INSECTICIDE+APPL FALLOW LAND Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery 0.960 7.000 Total PREHARVEST Interest - OC Borrowed HARVEST CUSTOM HARVEST CUSTOM HAULING Your Total Estimate =========== ======== 15.75 ________ 61.00 ________ =========== 76.75 ________ Quantity ========= 105.000 20.000 ________ 9.889 Dol. 0.090 0.89 ________ 1.000 20.000 acre bu. 12.000 .100 12.00 2.00 =========== 14.00 =========== 54.25 ________ ________ 22.50 ________ Total =========== 23.94 8.79 20.00 =========== 52.73 ________ ________ ________ Total of ALL Cost 106.98 ________ NET PROJECTED RETURNS -30.23 ________ Total HARVEST Total VARIABLE COST GROSS INCOME minus VARIABLE COST FIXED COST Description ================================= FALLOW LAND MIN 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 February 13, 1999 Date Stage Type of of Production Prod. ======== ================ ===== 12/15/98 A 01/15/99 A 02/15/99 A 03/15/99 A 05/20/99 HARVEST A Date ======== 07/15/98 09/20/98 09/20/98 12/31/98 03/01/99 05/02/99 05/02/99 05/20/99 05/20/99 05/20/99 Stage Type of of Production Input ================ ===== 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 ========================= ============= SWEEP PLOW 1.0000 DRILLING 2 DRILLS 1.0000 SEED WHEAT .5000 PICKUP TRUCK 3/4 TON 20.0000 INSECTICIDE+APPL WHEAT 1.0000 FALLOW LAND MIN VAR 1.0000 FALLOW LAND MIN FIXD 1.0000 CUSTOM HARVEST WHEATD 1.0000 CUSTOM HAULING WHEAT 20.0000 CASH-RENT WHEATDS 1.0000 B-1241 (C1&2) 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 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.