Projections for Planning Purposes Only -- Not to be Used without Updating
2015 Estimated Costs and Returns per Acre
Hard Red Spring Wheat, Irrigated, 60 bu. Yield Goal - 505 Acres
Lower Coastal Bend Extension District - 11
Crop Acres
505
REVENUE
Hard Red Spring Wheat
Total Revenue
Quantity
60.00
VARIABLE COSTS
Production Costs
Custom
Fertilizer Application
Custom Haul - Wheat
Fertilizer
24-8-0 LC
Herbicide
2, 4D
Glyphosate (Generic)
Insecticide
Wheat Insect Control
Seed
HRS Wheat Seed
Miscellaneous
Pickup Milage Charge
Crop Insurance -Wheat LC
Irrigation
Energy Cost
Irrigation Labor
Machinery Labor
Tractors/Self-Propelled
Diesel Fuel
Tractors/Self-Propelled
Repairs & Maintenance
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
Irrigation Equipment
Tractors/Self-Propelled
Implements
Equipment Investment
Irrigation Equipment
Tractors/Self-Propelled
Implements
LCB - Land Charge
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Units
1
60
Total
$354.00
$354.00
$/Unit
Total
$0.10
$12.60
$50.50
$6,363.00
$325.00
$40.63
$20,515.63
Pound
Quart
$4.00
$4.04
$0.00
$4.04
$0.00
$2,040.20
1.5
Pint
$8.16
$12.24
$6,181.20
90
Pound
$0.44
$39.60
$19,998.00
1
1
Acre
Acre
$3.88
$8.50
$3.88
$8.50
$1,959.40
$4,292.50
10.00
1.50
AcreInch
Hour
$2.10
$19.50
$21.00
$29.25
$10,605.00
$14,771.25
0.56
Hour
$19.50
$10.92
$5,514.60
7.03
Gallon
$3.30
$23.20
$11,715.50
Acre
Acre
Acre
$25.08
$32.25
$10.18
5.00%
$12,666.67
$16,284.69
$5,142.24
$2,219.83
$140,320.20
$38,449.80
$4.63
$25.08
$32.25
$10.18
$4.40
$277.86
$76.14
Bushel
$/Unit
Total
0
1
1
1
1
Ton
Units
1
1
1
$574.26
$354.04
$117.43
1
Enterprise
Total
Acre
Acre
Acre
$28.18
$31.08
$12.36
$28.18
$31.08
$12.36
$14,233.33
$15,693.21
$6,240.72
Dollars
Dollars
Dollars
Acre
7.00%
7.00%
7.00%
$70.00
$40.20
$24.78
$8.22
$70.00
$214.82
$492.68
$20,300.00
$12,515.46
$4,151.04
$35,350.00
$108,483.76
$248,803.96
($138.68)
($70,033.96)
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$178,770.00
$178,770.00
Enterprise
Total
$0.10
$0.21
0.125
CWT
Bushel
$/Unit
$5.90
$8.21
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
Price Needed to Cover
Example Variable Costs Example Total Costs
Own/Rent ShareTenant Own/Rent ShareTenant
$6.17
$6.17
$10.95
$10.95
$5.15
$5.15
$9.12
$9.12
$4.63
$4.63
$8.21
$8.21
$4.21
$4.21
$7.46
$7.46
$3.70
$3.70
$6.57
$6.57
Landlord
$0.00
$0.00
$0.00
$0.00
$0.00
Developed by Levi Russell, Assistant Professor and Extension Economist, Texas A&M AgriLife Extension Service.
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.