Projections for Planning Purposes Only -- Not to be Used without Updating
2016 Estimated Costs and Returns per Acre
Hard Red Spring Wheat, Irrigated, 60 bu. Yield Goal - 505 Acres
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
Herbicide
2, 4D
Glyphosate (Generic)
Affinity
Insecticide
Wheat Insect Control
Miscellaneous
Pickup Milage Charge
Crop Insurance - Irr HRS Wheat
Seed
HRS Wheat Seed
Other Labor
Hand Labor
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
Management Fee, Owner/Operator Labor
LCB - Land Charge
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Units
1
60
Cash
Total
$297.00
$297.00
$/Unit
Total
Enterprise
Total
$149,985.00
$149,985.00
Enterprise
Total
$0.10
$0.21
$0.10
$12.60
$50.50
$6,363.00
Ton
$332.00
$41.50
$20,957.50
0
1
0.5
Ton
Quart
Ounce
$446.00
$4.00
$11.20
$0.00
$4.00
$5.60
$0.00
$2,020.00
$2,828.00
1.5
Pint
$9.00
$13.50
$6,817.50
1
1
Acre
Acre
$3.88
$10.31
$3.88
$10.31
$1,959.40
$5,205.54
90
Pound
$0.44
$39.60
$19,998.00
0.018
Hour
$16.00
$0.29
$145.44
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
7.23
Gallon
$2.10
$15.18
$7,667.42
Acre
Acre
Acre
$25.08
$32.46
$10.18
4.25%
$12,666.67
$16,393.48
$5,142.24
$2,063.88
$141,169.41
$8,815.59
$4.66
$25.08
$32.46
$10.18
$4.09
$279.54
$17.46
Bushel
$/Unit
Total
0.125
1
1
1
CWT
Bushel
$/Unit
$4.95
Units
1
1
1
$293.56
$241.21
$68.26
1
1
Enterprise
Total
Acre
Acre
Acre
$28.18
$32.08
$12.36
$28.18
$32.08
$12.36
$14,233.33
$16,200.87
$6,240.72
Dollars
Dollars
Dollars
Acre
Acre
7.00%
7.00%
7.00%
$14.85
$70.00
$20.55
$16.88
$4.78
$14.85
$70.00
$199.69
$479.23
$10,377.50
$8,526.77
$2,412.88
$7,499.25
$35,350.00
$100,841.32
$242,010.73
($182.23)
($92,025.73)
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
$7.99
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
$6.21
$5.18
$4.66
$4.24
$3.73
Price Needed to Cover
Your Total Costs
$10.65
$8.87
$7.99
$7.26
$6.39
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.