Projections for Planning Purposes Only -- Not to be Used without Updating
2016 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
$4.50
$0.45
Cash
Total
$117.00
$32.85
$149.85
$/Unit
Total
Enterprise
Total
$18,720.00
$5,256.00
$23,976.00
Enterprise
Total
1
Bushel
$24.61
$24.61
$3,938.36
30
Pound
$0.42
$12.60
$2,016.00
1
1
26
Acre
Acre
Bushel
$5.65
$23.32
$0.23
$5.65
$23.32
$5.88
$904.20
$3,731.88
$940.37
0.37
Hour
$11.97
$4.43
$708.47
0.6
Gallon
$1.97
$1.18
$189.12
1
Acre
$4.18
$4.18
$669.50
1
1
1
Acre
Acre
Acre
$2.49
$0.69
$4.19
5.15%
$2.49
$0.69
$4.19
$1.30
$90.53
$59.32
$397.80
$110.40
$670.61
$207.50
$14,484.20
$9,491.80
$2.22
Units
1
1
1
$18.03
$4.44
$23.05
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%
$27.50
$0.97
$0.24
$1.24
$27.50
$38.53
$129.05
$155.74
$38.39
$199.17
$4,400.00
$6,164.47
$20,648.67
$20.80
$3,327.33
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
$3.70
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
Your Variable Costs
$2.96
$2.46
$2.22
$2.02
$1.77
Price Needed to Cover
Your Total Costs
$4.93
$4.11
$3.70
$3.36
$2.96
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.