Projections for Planning Purposes Only -- Not to be Used without Updating
2015 Estimated Costs and Returns per Acre
Continuous Wheat, Sprinkler Irrigated (NG) - 122 Acres
Panhandle Extension District - 1
Crop Acres
122
REVENUE
Wheat
Grazing - Wheat
Total Revenue
Quantity
65.00
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
$391.30
$68.00
$459.30
$/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
65
Acre
Bushel
$11.75
$0.61
$11.75
$39.65
$1,433.50
$4,837.30
1
Acre
$22.94
$22.94
$2,799.17
1
Acre
$9.30
$9.30
$1,134.60
15.00
0.96
AcreInch
Hour
$4.30
$11.75
$64.50
$11.28
$7,869.00
$1,376.16
0.87
Hour
$11.75
$10.22
$1,247.15
2.13
Gallon
$3.30
$7.03
$857.54
1
Acre
$6.13
$6.13
$747.50
1
1
1
1
Acre
Acre
Acre
Acre
$2.51
$60.60
$3.22
$7.79
4.90%
$306.00
$7,393.20
$392.74
$949.88
$1,153.67
$45,158.55
$10,876.05
$4.65
$2.51
$60.60
$3.22
$7.79
$9.46
$370.15
$89.15
Bushel
$/Unit
Total
Units
1
1
1
1
$31.35
$703.28
$35.95
$76.53
1
Enterprise
Total
Acre
Acre
Acre
Acre
$2.63
$22.50
$3.18
$9.84
$2.63
$22.50
$3.18
$9.84
$321.30
$2,745.60
$388.43
$1,200.43
Dollars
Dollars
Dollars
Dollars
Acre
5.40%
5.40%
5.40%
5.40%
$80.75
$1.69
$37.98
$1.94
$4.13
$80.75
$164.66
$534.81
$206.55
$4,633.20
$236.82
$504.18
$9,851.50
$20,088.01
$65,246.56
($75.51)
($9,211.96)
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$47,738.60
$8,296.00
$56,034.60
Enterprise
Total
$7.18
Bushel
Example Breakeven Prices
Example
Yield
Percent
75%
90%
100%
110%
125%
Example
Yield
Bushel
48.75
58.50
65.00
71.50
81.25
Price Needed to Cover
Price Needed to Cover
Example Variable Costs Example Total Costs
Own/Rent ShareTenant Own/Rent ShareTenant
$6.20
$6.20
$9.58
$9.58
$5.16
$5.16
$7.98
$7.98
$4.65
$4.65
$7.18
$7.18
$4.23
$4.23
$6.53
$6.53
$3.72
$3.72
$5.75
$5.75
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.