Projections for Planning Purposes Only -- Not to be Used without Updating
2016 Estimated Costs and Returns per Acre
Soybeans, RR, Furrow Irrigated (NG) Following Corn or Sorghum - 122 Acres
Panhandle Extension District - 1
Crop Acres
122
REVENUE
Soybeans
Total Revenue
Quantity
60.00
VARIABLE COSTS
Production Costs
Herbicide
Herbicide and Apply Soybeans
Seed
Seed - Soybeans
Innoculant Soybeans
Fertilizer
Fertilizer (P) - Liquid
Custom
Harvest and Haul - Soybeans
Miscellaneous
Crop Insurance Soybeans
Insecticide
Insecticide and Apply Soybeans
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 - Soybeans
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Units
$/Unit
$7.70
Cash
Total
$462.00
$462.00
$/Unit
Total
Enterprise
Total
$56,364.00
$56,364.00
Enterprise
Total
2
Acre
$11.96
$23.93
$2,919.27
1
1
Bag
Acre
$72.63
$7.82
$72.63
$7.82
$8,861.30
$953.82
45
Pound
$0.90
$40.50
$4,941.00
60
Bushel
$0.68
$40.69
$4,964.06
1
Acre
$35.66
$35.66
$4,350.52
0.5
Acre
$8.98
$4.49
$547.83
16.00
2.25
AcreInch
Hour
$3.20
$12.16
$51.20
$27.33
$6,246.40
$3,334.65
1.09
Hour
$11.97
$13.04
$1,591.42
3.11
Gallon
$1.97
$6.13
$747.46
1
Acre
$4.22
$4.22
$515.00
1
1
1
1
Acre
Acre
Acre
Acre
$2.51
$63.40
$5.05
$13.08
5.15%
$306.00
$7,735.19
$615.59
$1,596.28
$781.95
$51,007.73
$5,356.27
$6.97
$2.51
$63.40
$5.05
$13.08
$6.41
$418.10
$43.90
Bushel
$/Unit
Total
Units
1
1
1
1
$18.18
$199.24
$39.46
$71.22
1
Enterprise
Total
Acre
Acre
Acre
Acre
$2.63
$14.42
$5.06
$16.65
$2.63
$14.42
$5.06
$16.65
$321.30
$1,759.40
$617.90
$2,031.09
Dollars
Dollars
Dollars
Dollars
Acre
5.40%
5.40%
5.40%
5.40%
$75.00
$0.98
$10.76
$2.13
$3.85
$75.00
$131.49
$549.58
$119.80
$1,312.61
$259.94
$469.18
$9,150.00
$16,041.20
$67,048.94
($87.58)
($10,684.94)
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
$9.16
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
Your Variable Costs
$9.29
$7.74
$6.97
$6.33
$5.57
Price Needed to Cover
Your Total Costs
$12.21
$10.18
$9.16
$8.33
$7.33
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.