Projections for Planning Purposes Only -- Not to be Used without Updating
2015 Estimated Costs and Returns per Acre
Irrigated Wheat - 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 (P) - Liquid
Fertilizer (N) - Liquid
Fertilizer (N) - NH3
Custom
Harvest and Haul - Wheat Irrigated
Fertilizer Application - NH3
Fertilizer Application - Liquid Low
Fertilizer Application - Liquid High
Miscellaneous
Crop Insurance Wheat Irrigated
Insecticide
Insecticide and Apply Wheat
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 - Wheat Irrigated
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Pound
Units
$/Unit
$5.50
$0.50
Total
$330.00
$68.00
$398.00
$/Unit
Total
1.5
Bushel
$25.00
$37.50
$4,575.00
56
50
90
Pound
Pound
Pound
$0.74
$0.58
$0.38
$41.16
$28.90
$34.02
$5,021.52
$3,525.80
$4,150.44
60
1
1
1
Bushel
Acre
Acre
Acre
$0.50
$3.50
$3.50
$4.75
$30.00
$3.50
$3.50
$4.75
$3,660.00
$427.00
$427.00
$579.50
1
Acre
$19.50
$19.50
$2,379.00
1
Acre
$11.00
$11.00
$1,342.00
AcreInch
Hour
$9.00
$12.00
$135.00
$10.80
$16,470.00
$1,317.60
Hour
$12.00
$12.00
$1,464.00
2.4
Gallon
$3.00
$7.20
$878.40
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
1
$17.89
$785.72
$171.40
$142.90
1
1
Units
Dollars
Dollars
Dollars
Dollars
Acre
Acre
$6.07
$0.50
$26.25
$6.00
$3.00
$13.19
$432.27
($34.27)
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
$40,260.00
$8,296.00
$48,556.00
Enterprise
Total
$9.08
$61.00
$3,202.50
$732.00
$366.00
$1,608.63
$52,736.39
($4,180.39)
Enterprise
Total
$1.25
$55.00
$12.00
$10.00
$2.00
$100.00
$180.25
$612.52
$152.78
$6,710.01
$1,463.76
$1,220.37
$244.00
$12,200.00
$21,990.91
$74,727.30
($214.52)
($26,171.30)
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
$8.09
$8.09
$12.10
$12.10
$6.75
$6.75
$10.08
$10.08
$6.07
$6.07
$9.08
$9.08
$5.52
$5.52
$8.25
$8.25
$4.86
$4.86
$7.26
$7.26
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.