Projections for Planning Purposes Only Not to be Used without Updating after December 15, 2000 B-1241 (C01&2) Soybeans, Roundup Ready, Furrow Irr. (Natural Gas) Texas High Plains 2001 Projected Costs and Returns per Acre GROSS INCOME Description ============================ SOYBEANS Quantity ========= 50.000 Unit ==== bu. $ / Unit =========== 4.3500 Total GROSS Income VARIABLE COST Description ================================= PREHARVEST HERBICIDE+APPL. SEED FERTILIZER (P) HERBICIDE+APPL. INSECTICIDE+APPL Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation $ / Unit =========== Total =========== 1.000 60.000 45.000 1.000 0.500 acre lb. lb. acre acre Acre Acre Acre Acre Hour Hour 16.500 .420 .247 16.500 10.240 16.50 25.20 11.11 16.50 5.12 10.36 62.66 4.91 12.83 9.26 21.36 ----------195.82 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 1.158 2.671 8.000 8.000 Dol. 0.107 8.68 ________ 50.000 bu. .300 15.00 ----------15.00 =========== 219.50 ________ -2.00 ________ Total =========== 41.89 53.37 45.00 =========== 140.27 ________ ________ ________ 359.76 ________ -142.26 ________ GROSS INCOME minus VARIABLE COST Total of ALL Cost NET PROJECTED RETURNS ________ 81.115 Total VARIABLE COST Total FIXED Cost ________ Unit ==== Total HARVEST FIXED COST Description ================================= Machinery and Equipment Irrigation Land Your Estimate ======== ________ Quantity =========== Total PREHARVEST Interest - OC Borrowed HARVEST HARVEST & HAUL Total =========== 217.50 =========== 217.50 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 December 15, 2000 Date Stage Type Product Name Number Weight Cash Landlord Break of of of per NonShare Even Production Prod. Units Head Cash Prod. ======== ================ ===== ========================= ============= ============= ===== ======== ===== 09/30/01 HARVEST A SOYBEANS 50.0000 .0000 C .00 Y Date ======== 12/15/00 12/20/00 12/30/00 02/15/01 03/15/01 03/15/01 04/19/01 04/24/01 04/25/01 05/14/01 05/14/01 05/14/01 06/14/01 06/19/01 06/25/01 07/09/01 07/24/01 08/15/01 08/19/01 09/30/01 09/30/01 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 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 PLANTING 12 ROW SEED SOYBEAN FERTILIZER (P) DRY CULTIVATING ROLLING IRRIGATION FURROW HERBICIDE+APPL. SOYBEAN1 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 1.0000 60.0000 45.0000 1.0000 4.0000 1.0000 3.0000 3.0000 .5000 3.0000 50.0000 1.0000 Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 .00 .00 .00 .00 C V .00 .00 .00 .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. B-1241 (C01&2)