Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1999 B-1241 (C1&2) Wheat, Sprinkler Irrigated (Sandy Soils) Texas High Plains 1999 Projected Costs and Returns per Acre GROSS INCOME Description ============================ GRAZING WHEATI WHEAT Your Total Estimate =========== ======== 48.00 ________ 152.50 ________ =========== 200.50 ________ Quantity ========= 120.000 50.000 Unit ==== days bu. $ / Unit =========== 0.4000 3.0500 Quantity =========== Unit ==== $ / Unit =========== Total =========== 100.000 25.000 1.000 1.500 1.000 lb. lb. acre bu. acre Acre Acre Acre Acre Hour Hour .230 .260 3.000 4.500 9.500 23.00 6.50 3.00 6.75 9.50 5.32 29.26 1.68 5.15 13.49 6.69 =========== 110.35 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 15.00 5.00 =========== 20.00 ________ ________ 6.19 =========== 136.53 ________ 63.97 ________ Total =========== 19.54 49.15 40.00 =========== 108.69 ________ ________ ________ Total of ALL Cost 245.23 ________ NET PROJECTED RETURNS -44.73 ________ 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 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 - OC Borrowed 68.760 Dol. Total VARIABLE COST GROSS INCOME minus VARIABLE COST FIXED COST Description ================================= Machinery and Equipment Irrigation Land Total FIXED Cost Unit ==== Acre Acre Acre 0.090 ________ ________ ________ ________ 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 ======== 07/05/98 07/05/98 07/30/98 07/30/98 07/30/98 09/01/98 09/01/98 09/01/98 10/25/98 12/10/98 01/31/99 03/01/99 03/01/99 03/15/99 04/01/99 04/10/99 05/20/99 05/20/99 05/31/99 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 100.0000 FERTILIZER (P) DRY 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 (C1&2) 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.