Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1999 B-1241 (C1&2) Cont. Wheat, Sprinkler Irrigated, (Natural Gas) Texas High Plains 1999 Projected Costs and Returns per Acre GROSS INCOME Description ============================ GRAZING WHEATI WHEAT Unit ==== days bu. $ / Unit =========== 0.4000 3.0500 Quantity =========== Unit ==== $ / Unit =========== Total =========== 170.000 1.000 45.000 1.000 1.250 1.000 lb. acre lb. acre bu. acre Acre Acre Acre Acre Hour Hour .120 6.000 .260 3.000 4.500 9.500 20.40 6.00 11.70 3.00 5.62 9.50 4.36 29.26 1.55 5.15 8.91 6.69 =========== 112.14 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 0.090 7.41 ________ .450 29.25 =========== 29.25 =========== 148.80 ________ 97.45 ________ Total =========== 14.56 49.15 40.00 =========== 103.71 ________ ________ ________ 252.51 ________ -6.26 ________ Total GROSS Income VARIABLE COST Description ================================= PREHARVEST FERTILIZER (N) FERTILIZER APPL. FERTILIZER (P) FERTILIZER APPL. SEED INSECTICIDE+APPL Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation 1.273 0.960 7.000 6.962 Total PREHARVEST Interest - OC Borrowed HARVEST HARVEST & HAUL 82.325 Dol. 65.000 bu. Total HARVEST Total VARIABLE COST GROSS INCOME minus VARIABLE COST FIXED COST Description ================================= Machinery and Equipment Irrigation Land Total FIXED Cost Total of ALL Cost NET PROJECTED RETURNS Your Total Estimate =========== ======== 48.00 ________ 198.25 ________ =========== 246.25 ________ Quantity ========= 120.000 65.000 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. ======== ================ ===== 11/15/98 A 12/15/98 A 01/15/99 A 02/15/99 A 03/15/99 A 06/20/99 HARVEST A Date ======== 06/20/98 07/05/98 07/30/98 07/30/98 08/19/98 08/19/98 08/20/98 09/01/98 09/01/98 09/01/98 11/15/98 11/30/98 12/15/98 03/01/99 03/10/99 04/10/99 05/05/99 06/20/99 06/20/99 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST G PREHARVEST E PREHARVEST G PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST O PREHARVEST O PREHARVEST M PREHARVEST O PREHARVEST G PREHARVEST O PREHARVEST O PREHARVEST O K HARVEST G Product Number Weight of per Units Head ========================= ============= ============= GRAZING WHEATI 15.0000 .0000 GRAZING WHEATI 30.0000 .0000 GRAZING WHEATI 30.0000 .0000 GRAZING WHEATI 30.0000 .0000 GRAZING WHEATI 15.0000 .0000 WHEAT 65.0000 .0000 Input Name Name Number of Units ========================= ============= CHISELING 1.0000 DISCING TANDEM 1.0000 FERTILIZER (N) ANH3 170.0000 FERTILIZER APPL. ANH3 1.0000 FERTILIZER (P) DRY 45.0000 FERTILIZER APPL. DRY 1.0000 FIELD CULTIVATOR 1.0000 DRILLING 2 DRILLS 1.0000 SEED WHEAT 1.2500 IRRIGATION 3.0000 IRRIGATION 2.0000 PICKUP TRUCK 3/4 TON 20.0000 IRRIGATION 2.0000 INSECTICIDE+APPL WHEAT 1.0000 IRRIGATION 2.0000 IRRIGATION 3.0000 IRRIGATION 3.0000 CASH-RENT WHEATI 1.0000 HARVEST & HAUL WHEATI 65.0000 B-1241 (C1&2) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== N .00 N 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 C V .00 C V .00 C V .00 .00 .00 C V .00 .00 .00 .00 .00 C V .00 .00 .00 .00 F .00 C V .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.