Projections for Planning Purposes Only -- Not to be Used without Updating
2015 Estimated Costs and Returns per Acre
Continuous Wheat, Furrow Irrigated (NG) - 122 Acres
Panhandle Extension District - 1
Crop Acres
122
REVENUE
Wheat
Grazing - Wheat
Total Revenue
Quantity
60.00
136.00
VARIABLE COSTS
Production Costs
Seed
Seed - Wheat
Fertilizer
Fertilizer (N) - ANH3
Fertilizer (P) - Liquid
Fertilizer (N) - Liquid
Custom
Fertilizer Application - ANH3
Harvest and Haul - Wheat Irrigated
Miscellaneous
Crop Insurance Wheat Irrigated
Insecticide
Insecticide and Apply Wheat
Irrigation
Energy Cost
Irrigation Labor
Machinery Labor
Tractors/Self-Propelled
Diesel Fuel
Tractors/Self-Propelled
Gasoline
Pickup/General Use Equipment
Repairs & Maintenance
Pickup/General Use Equipment
Irrigation Equipment
Tractors/Self-Propelled
Implements
Interest on Credit Line
Total Variable Costs
Planned Returns Above Variable Costs:
Breakeven Price to Cover Variable Costs
Quantity
FIXED COSTS
Machinery Depreciation
Pickup/General Use Equipment
Irrigation Equipment
Tractors/Self-Propelled
Implements
Equipment Investment
Pickup/General Use Equipment
Irrigation Equipment
Tractors/Self-Propelled
Implements
Cash Rent - Wheat Irrigated
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Pound
Units
$/Unit
$6.02
$0.50
Total
$361.20
$68.00
$429.20
$/Unit
Total
1.2
Bushel
$24.40
$29.28
$3,572.16
60
40
30
Pound
Pound
Pound
$0.40
$0.85
$0.55
$24.00
$34.00
$16.50
$2,928.00
$4,148.00
$2,013.00
1
60
Acre
Bushel
$11.75
$0.61
$11.75
$36.60
$1,433.50
$4,465.20
1
Acre
$22.94
$22.94
$2,799.17
1
Acre
$9.30
$9.30
$1,134.60
17.50
2.46
AcreInch
Hour
$4.30
$11.75
$75.25
$28.86
$9,180.50
$3,520.68
1.06
Hour
$11.75
$12.46
$1,519.51
2.79
Gallon
$3.30
$9.21
$1,123.25
1
Acre
$6.13
$6.13
$747.50
1
1
1
1
Acre
Acre
Acre
Acre
$2.51
$69.35
$4.48
$8.48
4.90%
$306.00
$8,460.35
$546.99
$1,034.13
$1,295.70
$50,228.23
$2,134.17
$5.73
$2.51
$69.35
$4.48
$8.48
$10.62
$411.71
$17.49
Bushel
$/Unit
Total
Units
1
1
1
1
$31.35
$379.51
$50.70
$82.57
1
Enterprise
Total
Acre
Acre
Acre
Acre
$2.63
$14.42
$4.49
$10.62
$2.63
$14.42
$4.49
$10.62
$321.30
$1,759.40
$547.83
$1,295.21
Dollars
Dollars
Dollars
Dollars
Acre
5.40%
5.40%
5.40%
5.40%
$80.75
$1.69
$20.49
$2.74
$4.46
$80.75
$142.29
$554.00
$206.55
$2,500.20
$334.00
$543.99
$9,851.50
$17,359.98
$67,588.21
($124.80)
($15,225.81)
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$44,066.40
$8,296.00
$52,362.40
Enterprise
Total
$8.10
Bushel
Example Breakeven Prices
Example
Yield
Percent
75%
90%
100%
110%
125%
Example
Yield
Bushel
45.00
54.00
60.00
66.00
75.00
Price Needed to Cover
Price Needed to Cover
Example Variable Costs Example Total Costs
Own/Rent ShareTenant Own/Rent ShareTenant
$7.64
$7.64
$10.80
$10.80
$6.36
$6.36
$9.00
$9.00
$5.73
$5.73
$8.10
$8.10
$5.21
$5.21
$7.36
$7.36
$4.58
$4.58
$6.48
$6.48
Landlord
$0.00
$0.00
$0.00
$0.00
$0.00
Developed by Steve Amosson, Regents Fellow, Professor and Extension Economist, Texas A&M AgriLife Extension.
Information presented is prepared solely as a general guide and not intended to recognize or predict the costs and
returns from any one operation. Brand names are mentioned only as examples and imply no endorsement.