Projections for Planning Purposes Only -- Not to be Used without Updating
2015 Estimated Costs and Returns per Acre
Rotation, Sorghum-Fallow-Wheat, Minimum Till, Wheat with Grazing - 160 Acres
Panhandle Extension District - 1
Crop Acres
160
REVENUE
Wheat
Grazing - Wheat
Total Revenue
Quantity
26.00
73.00
VARIABLE COSTS
Production Costs
Seed
Seed - Wheat
Fertilizer
Fertilizer (N) - Dry
Custom
Fertilizer Application
Custom Harvest - Wheat
Custom Haul - Wheat
Machinery Labor
Tractors/Self-Propelled
Diesel Fuel
Tractors/Self-Propelled
Gasoline
Pickup/General Use Equipment
Repairs & Maintenance
Pickup/General Use 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
Tractors/Self-Propelled
Implements
Equipment Investment
Pickup/General Use Equipment
Tractors/Self-Propelled
Implements
Cash Rent - Wheat Dryland
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Pound
Units
$/Unit
$6.02
$0.50
Total
$156.52
$36.50
$193.02
$/Unit
Total
1
Bushel
$24.40
$24.40
$3,904.00
30
Pound
$0.49
$14.70
$2,352.00
1
1
26
Acre
Acre
Bushel
$5.50
$22.70
$0.22
$5.50
$22.70
$5.72
$880.00
$3,632.00
$915.20
0.37
Hour
$11.75
$4.35
$695.60
0.6
Gallon
$3.30
$1.98
$316.80
1
Acre
$6.07
$6.07
$971.75
1
1
1
Acre
Acre
Acre
$2.49
$0.69
$4.19
4.90%
$2.49
$0.69
$4.19
$1.32
$94.11
$98.91
$397.80
$110.40
$670.61
$210.81
$15,056.97
$15,826.23
$2.22
Units
1
1
1
$31.08
$6.44
$41.91
1
$/Unit
Bushel
Total
Enterprise
Total
Acre
Acre
Acre
$2.61
$0.57
$5.39
$2.61
$0.57
$5.39
$417.69
$91.27
$862.21
Dollars
Dollars
Dollars
Acre
5.40%
5.40%
5.40%
$28.50
$1.68
$0.35
$2.26
$28.50
$41.36
$135.47
$268.52
$55.64
$362.13
$4,560.00
$6,617.45
$21,674.42
$57.55
$9,208.78
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$25,043.20
$5,840.00
$30,883.20
Enterprise
Total
$3.81
Bushel
Example Breakeven Prices
Example
Yield
Percent
75%
90%
100%
110%
125%
Example
Yield
Bushel
19.50
23.40
26.00
28.60
32.50
Price Needed to Cover
Price Needed to Cover
Example Variable Costs Example Total Costs
Own/Rent ShareTenant Own/Rent ShareTenant
$2.95
$2.95
$5.08
$5.08
$2.46
$2.46
$4.23
$4.23
$2.22
$2.22
$3.81
$3.81
$2.01
$2.01
$3.46
$3.46
$1.77
$1.77
$3.05
$3.05
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.