Projections for Planning Purposes Only -- Not to be Used without Updating 2016 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 50.00 136.00 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 $4.50 $0.45 Cash Total $225.00 $61.20 $286.20 $/Unit Total Enterprise Total $27,450.00 $7,466.40 $34,916.40 Enterprise Total 1.2 Bushel $24.61 $29.54 $3,603.60 50 30 25 Pound Pound Pound $0.36 $0.90 $0.53 $18.00 $27.00 $13.25 $2,196.00 $3,294.00 $1,616.50 1 50 Acre Bushel $12.07 $0.63 $12.07 $31.34 $1,472.92 $3,823.33 1 Acre $35.00 $35.00 $4,270.00 1 Acre $8.89 $8.89 $1,084.00 10.00 0.96 AcreInch Hour $3.20 $12.16 $32.00 $11.67 $3,904.00 $1,424.05 0.87 Hour $11.97 $10.41 $1,270.22 2.13 Gallon $1.97 $4.20 $511.92 1 Acre $4.22 $4.22 $515.00 1 1 1 1 Acre Acre Acre Acre $2.51 $40.40 $3.22 $7.79 5.15% Units 1 1 1 1 $18.18 $421.97 $24.80 $42.09 1 $4.78 $2.51 $40.40 $3.22 $7.79 $8.66 $300.16 ($13.96) Bushel $/Unit Total $306.00 $4,928.80 $392.74 $949.88 $1,056.43 $36,619.37 ($1,702.97) 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% $75.00 $0.98 $22.79 $1.34 $2.27 $75.00 $140.54 $440.70 $119.80 $2,779.92 $163.40 $277.30 $9,150.00 $17,146.18 $53,765.56 ($154.50) ($18,849.16) Returns Above Specified Costs Breakeven Price to Cover Total Costs $7.59 Bushel Example Breakeven Prices Example Yield Percent 75% 90% 100% 110% 125% Example Yield Bushel 37.50 45.00 50.00 55.00 62.50 Price Needed to Cover Your Variable Costs $6.37 $5.31 $4.78 $4.34 $3.82 Price Needed to Cover Your Total Costs $10.12 $8.43 $7.59 $6.90 $6.07 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.