Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1999 B-1241 (C1&2) Continuous Wheat, Dryland 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 0.500 bu. acre Acre Acre Hour 4.500 9.500 2.25 4.75 4.05 1.48 8.24 =========== 20.77 ________ ________ ________ ________ ________ Total GROSS Income VARIABLE COST Description ================================= PREHARVEST SEED INSECTICIDE+APPL Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery 1.178 7.000 Total PREHARVEST Interest - OC Borrowed Interest - Positive Cash HARVEST CUSTOM HARVEST CUSTOM HAULING Dol. Dol. 0.090 0.045 0.91 -0.14 ________ ________ 1.000 18.000 acre bu. 12.000 .100 12.00 1.80 =========== 13.80 =========== 35.34 ________ ________ 35.31 ________ Total =========== 12.52 20.00 =========== 32.52 ________ ________ 67.86 ________ 2.79 ________ Total VARIABLE COST GROSS INCOME minus VARIABLE COST Total FIXED Cost Total of ALL Cost NET PROJECTED RETURNS ________ 10.079 -3.133 Total HARVEST FIXED COST Description ================================= Machinery and Equipment Land Your Total Estimate =========== ======== 15.75 ________ 54.90 ________ =========== 70.65 ________ Quantity ========= 105.000 18.000 Unit ==== 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. ======== ================ ===== 12/30/98 A 01/15/99 A 02/15/99 A 03/15/99 A 05/20/99 HARVEST A Date ======== 06/15/98 07/15/98 08/15/98 09/05/98 09/05/98 12/31/98 03/01/99 06/20/99 06/20/99 06/20/99 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST G 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 18.0000 .0000 Input Name Name Number of Units ========================= ============= CHISELING 1.0000 SWEEP PLOW 1.0000 FIELD CULTIVATOR 1.0000 DRILLING 2 DRILLS 1.0000 SEED WHEAT .5000 PICKUP TRUCK 3/4 TON 20.0000 INSECTICIDE+APPL WHEAT .5000 CUSTOM HARVEST WHEATD 1.0000 CUSTOM HAULING WHEAT 18.0000 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 .00 .00 C V .00 .00 C V .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.