Projections for Planning Purposes Only -- Not to be Used without Updating
2015 Estimated Costs and Returns per Acre
Irrigated Soybeans - 122 Acres
South Plains Extension District - 2
Crop Acres
122
REVENUE
Soybeans
Total Revenue
Quantity
40.00
VARIABLE COSTS
Production Costs
Seed
Seed - Soybeans
Innoculant Soybeans
Seed - Soybeans Tech Fee
Fertilizer
Fertilizer (P) - Liquid
Custom
Harvest and Haul - Soybeans
Miscellaneous
Crop Insurance Soybeans
Crop Insurance Hail Soybeans
Herbicide
Herbicide and Apply Soybeans
Insecticide
Insecticide and Apply Soybeans
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
Equipment Investment
Pickup/General Use Equipment
Irrigation Equipment
Tractors/Self-Propelled
Implements
Whole Farm Insurance
Cash Rent - Soybeans
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Units
$/Unit
$9.00
Total
$360.00
$360.00
$/Unit
Total
60
1
60
Pound
Acre
Pound
$0.65
$7.00
$0.63
$39.00
$7.00
$37.50
$4,758.00
$854.00
$4,575.00
45
Pound
$0.74
$33.08
$4,035.15
40
Bushel
$0.50
$20.00
$2,440.00
1
2
Acre
Acre
$23.00
$6.00
$23.00
$12.00
$2,806.00
$1,464.00
1
Acre
$18.00
$18.00
$2,196.00
1
Acre
$5.12
$5.12
$624.64
AcreInch
Hour
$9.00
$12.00
$135.00
$10.80
$16,470.00
$1,317.60
1.5
Hour
$12.00
$18.00
$2,196.00
3.8
Gallon
$3.00
$11.40
$1,390.80
2
Gallon
$2.25
$4.50
$549.00
1
1
1
1
Acre
Acre
Acre
Acre
$0.50
$26.25
$6.00
$3.00
6.00%
15.00
0.90
$17.89
$785.72
$171.40
$142.90
1
1
Units
Dollars
Dollars
Dollars
Dollars
Acre
Acre
$10.43
$0.50
$26.25
$6.00
$3.00
$6.98
$417.13
($57.13)
Bushel
$/Unit
Total
7.00%
7.00%
7.00%
7.00%
$2.00
$100.00
Returns Above Specifiied Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$43,920.00
$43,920.00
Enterprise
Total
$14.93
$61.00
$3,202.50
$732.00
$366.00
$851.82
$50,889.51
($6,969.51)
Enterprise
Total
$1.25
$55.00
$12.00
$10.00
$2.00
$100.00
$180.25
$597.38
$152.78
$6,710.01
$1,463.76
$1,220.37
$244.00
$12,200.00
$21,990.91
$72,880.42
($237.38)
($28,960.42)
Bushel
Example Breakeven Prices
Example
Yield
Percent
75%
90%
100%
110%
125%
Example
Yield
Bushel
30.00
36.00
40.00
44.00
50.00
Price Needed to Cover
Price Needed to Cover
Example Variable Costs Example Total Costs
Own/Rent ShareTenant Own/Rent ShareTenant
$13.90
$13.90
$19.91
$19.91
$11.59
$11.59
$16.59
$16.59
$10.43
$10.43
$14.93
$14.93
$9.48
$9.48
$13.58
$13.58
$8.34
$8.34
$11.95
$11.95
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.