Projections for Planning Purposes Only Not to be Used without Updating after December 15, 2000 B-1241 (C01&2) Wheat, Sprinkler Irrigated (Sandy Soils) Texas High Plains 2001 Projected Costs and Returns per Acre GROSS INCOME Description ============================ GRAZING WHEATI WHEAT Quantity ========= 120.000 50.000 Unit ==== days bu. $ / Unit =========== 0.4000 3.0100 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 - OC Borrowed $ / Unit =========== Total =========== 120.000 45.000 1.000 1.500 1.000 lb. lb. acre bu. acre Acre Acre Acre Acre Hour Hour .272 .247 3.000 4.125 13.067 32.64 11.11 3.00 6.18 13.06 8.84 53.80 3.06 5.15 15.42 7.68 ----------159.97 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 15.00 6.00 ----------21.00 ________ ________ 10.66 =========== 191.63 ________ 6.87 ________ Total =========== 31.55 49.15 45.00 =========== 125.70 ________ ________ ________ 317.33 ________ -118.83 ________ 1.928 0.960 1.000 50.000 acre bu. 99.624 Dol. GROSS INCOME minus VARIABLE COST Total FIXED Cost Total of ALL Cost NET PROJECTED RETURNS ________ Unit ==== Total VARIABLE COST FIXED COST Description ================================= Machinery and Equipment Irrigation Land Your Estimate ======== ________ ________ Quantity =========== 8.000 8.000 15.000 .120 Total HARVEST Interest Total =========== 48.00 150.50 =========== 198.50 Unit ==== Acre Acre Acre 0.107 ________ ________ ________ ________ 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 of of Production Prod. ======== ================ ===== 12/15/00 A 01/15/01 A 02/15/01 A 03/15/01 A 05/20/01 HARVEST A Date ======== 07/05/00 07/05/00 07/30/00 07/30/00 07/30/00 09/01/00 09/01/00 09/01/00 10/25/00 12/10/00 01/31/01 03/01/01 03/01/01 03/15/01 04/01/01 04/10/01 05/20/01 05/20/01 05/31/01 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 120.0000 FERTILIZER (P) DRY 45.0000 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 (C01&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.