Projections for Planning Purposes Only Not to be Used without Updating after December 15, 1999 B-1241 (C01&2) Cont. Wheat, Sprinkler Irrigated, (Natural Gas) Texas High Plains 2000 Projected Costs and Returns per Acre GROSS INCOME Description ============================ GRAZING WHEATI WHEAT Quantity ========= 120.000 65.000 Unit ==== days bu. $ / Unit =========== 0.4000 2.7600 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 Quantity =========== Unit ==== $ / Unit =========== Total =========== 150.000 1.000 50.000 1.000 1.500 1.000 lb. acre lb. acre bu. acre Acre Acre Acre Acre Hour Hour .117 6.000 .265 3.000 4.000 9.750 17.55 6.00 13.25 3.00 6.00 9.75 4.89 27.15 2.87 5.15 8.91 6.69 ----------111.21 1.273 0.960 7.000 6.962 Total PREHARVEST Interest - OC Borrowed HARVEST HARVEST & HAUL 85.589 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 =========== 48.00 179.40 =========== 227.40 Your Estimate ======== ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 0.096 8.23 ________ .400 26.00 ________ ----------26.00 ________ =========== 145.44 ________ 81.96 ________ Unit ==== Acre Acre Acre Total =========== 23.63 49.15 45.00 =========== 117.78 ________ ________ ________ ________ Total of ALL Cost 263.23 ________ NET PROJECTED RETURNS -35.83 ________ 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 December 15, 1999 Date Stage Type of of Production Prod. ======== ================ ===== 11/15/99 A 12/15/99 A 01/15/00 A 02/15/00 A 03/15/00 A 06/20/00 HARVEST A Date ======== 06/20/99 07/05/99 07/30/99 07/30/99 08/19/99 08/19/99 08/20/99 09/01/99 09/01/99 09/01/99 11/15/99 11/30/99 12/15/99 03/01/00 03/10/00 04/10/00 05/05/00 06/20/00 06/20/00 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 150.0000 FERTILIZER APPL. ANH3 1.0000 FERTILIZER (P) DRY 50.0000 FERTILIZER APPL. DRY 1.0000 FIELD CULTIVATOR 1.0000 DRILLING 2 DRILLS 1.0000 SEED WHEAT 1.5000 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 (C01&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.