Projections for Planning Purposes Only -- Not to be Used without Updating
2014 Estimated Costs and Returns per Acre
Wheat, Pivot Irrigated - 122 Acres
South Plains Extension District - 2
Crop Acres
122
REVENUE
Wheat
Grazing - Wheat Irrigated
Total Revenue
Quantity
60.00
136.00
VARIABLE COSTS
Production Costs
Seed
Seed - Wheat
Fertilizer
Fertilizer (N)
Fertilizer (P)
Insecticide
Insecticide and Apply Wheat
Custom
Fertilizer Application - Wheat
Harvest and Haul - Wheat Irrigated
Irrigation
Energy or Water Cost
Irrigation Labor
Machinery Labor
Tractors/Self-Propelled
Diesel Fuel
Tractors/Self-Propelled
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
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
$5.75
$0.50
Total
$345.00
$68.00
$413.00
$/Unit
Total
1.5
Bushel
$25.00
$37.50
$4,575.00
80
50
Pound
Pound
$0.55
$0.60
$44.00
$30.00
$5,368.00
$3,660.00
1
Acre
$11.00
$11.00
$1,342.00
1
60
Acre
Bushel
$8.00
$0.50
$8.00
$30.00
$976.00
$3,660.00
AcreInch
Hour
$9.00
$11.75
$135.00
$11.75
$16,470.00
$1,433.50
Hour
$11.75
$11.75
$1,433.50
Gallon
$3.20
$5.60
$683.20
Acre
Acre
Acre
Acre
$1.75
$30.00
$6.00
$3.00
6.00%
$213.50
$3,660.00
$732.00
$366.00
$1,478.82
$46,051.52
$4,334.48
$5.16
$1.75
$30.00
$6.00
$3.00
$12.12
$377.47
$35.53
Bushel
$/Unit
Total
15.00
1.00
1
1.75
1
1
1
1
$35.78
$714.29
$171.43
$142.86
1
Units
Dollars
Dollars
Dollars
Dollars
Acre
7.00%
7.00%
7.00%
7.00%
$100.00
Returns Above Specifiied Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$42,090.00
$8,296.00
$50,386.00
Enterprise
Total
$8.07
Enterprise
Total
$2.50
$50.00
$12.00
$10.00
$100.00
$174.50
$551.98
$305.55
$6,100.00
$1,464.00
$1,220.00
$12,200.00
$21,289.55
$67,341.07
($138.98)
($16,955.07)
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
$6.88
$6.88
$10.76
$10.76
$5.73
$5.73
$8.96
$8.96
$5.16
$5.16
$8.07
$8.07
$4.69
$4.69
$7.33
$7.33
$4.13
$4.13
$6.45
$6.45
Landlord
$0.00
$0.00
$0.00
$0.00
$0.00
Developed by Jackie Smith, 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.