Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1999 B-1241 (C1&2) Soybeans, Roundup Ready, Furrow Irr. (Natural Gas) Texas High Plains 1999 Projected Costs and Returns per Acre GROSS INCOME Description ============================ SOYBEANS Unit ==== bu. $ / Unit =========== 5.2000 Quantity =========== Unit ==== $ / Unit =========== Total =========== 1.000 100.000 1.000 60.000 45.000 1.000 1.000 acre lb. acre lb. lb. acre acre Acre Acre Acre Acre Hour Hour 8.000 .120 6.000 .420 .260 9.000 9.750 8.00 12.00 6.00 25.20 11.70 9.00 9.75 5.50 34.07 2.00 12.83 8.10 18.41 =========== 162.57 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 0.090 5.79 ________ .300 15.00 =========== 15.00 =========== 183.36 ________ Total GROSS Income VARIABLE COST Description ================================= PREHARVEST HERBICIDE+APPL. FERTILIZER (N) FERTILIZER APPL. SEED FERTILIZER (P) HERBICIDE+APPL. INSECTICIDE+APPL Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation Your Total Estimate =========== ======== 260.00 ________ =========== 260.00 ________ Quantity ========= 50.000 1.158 2.671 7.001 6.893 Total PREHARVEST Interest - OC Borrowed HARVEST HARVEST & HAUL 64.372 Dol. 50.000 bu. Total HARVEST Total VARIABLE COST Break-Even Price, Total Variable Cost $ ________ ________ ________ 3.66 per bu. of SOYBEANS GROSS INCOME minus VARIABLE COST 76.64 ________ Total =========== 20.93 53.37 40.00 =========== 114.30 ________ ________ ________ Total of ALL Cost 297.66 ________ NET PROJECTED RETURNS -37.66 ________ FIXED COST Description ================================= Machinery and Equipment Irrigation Land Unit ==== Acre Acre Acre Total FIXED Cost Break-Even Price, Total Cost $ ________ 5.95 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 February 13, 1999 Date Stage Type Product Name Number Weight of of of per Production Prod. Units Head ======== ================ ===== ========================= ============= ============= 09/30/99 HARVEST A SOYBEANS 50.0000 .0000 Date ======== 12/15/98 12/20/98 12/30/98 02/15/99 03/15/99 03/15/99 04/19/99 04/24/99 04/25/99 05/09/99 05/09/99 05/14/99 05/14/99 05/14/99 06/14/99 06/19/99 06/25/99 07/09/99 07/24/99 08/15/99 08/19/99 09/30/99 09/30/99 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST G PREHARVEST M PREHARVEST M PREHARVEST O PREHARVEST E PREHARVEST G PREHARVEST M PREHARVEST E PREHARVEST E PREHARVEST M PREHARVEST O PREHARVEST G PREHARVEST O PREHARVEST O PREHARVEST G PREHARVEST O HARVEST G K Input Name ========================= SHREDDING CHISELING PICKUP TRUCK 3/4 TON FIELD CULTIVATOR FIELD CULTIVATOR HERBICIDE+APPL. SOYBEAN1 BEDDING CULTIVATING ROLLING IRRIGATION FURROW FERTILIZER (N) ANH3 FERTILIZER APPL. ANH3 PLANTING 12 ROW SEED SOYBEAN FERTILIZER (P) DRY CULTIVATING ROLLING IRRIGATION FURROW HERBICIDE+APPL. SOYBEAN2 IRRIGATION FURROW IRRIGATION FURROW INSECTICIDE+APPL SOYBEANS IRRIGATION FURROW HARVEST & HAUL SOYBEAN CASH-RENT SOYBEANS Number of Units ============= 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 6.0000 100.0000 1.0000 1.0000 60.0000 45.0000 1.0000 4.0000 1.0000 3.0000 3.0000 1.0000 3.0000 50.0000 1.0000 B-1241 (C1&2) 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 C V .00 .00 .00 C V .00 .00 .00 C V .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.