Projections for Planning Purposes Only -- Not to be Used without Updating
2015 Estimated Costs and Returns per Acre
Dryland Wheat - 160 Acres
South Plains Extension District - 2
Crop Acres
160
REVENUE
Wheat
Grazing - Wheat
Total Revenue
Quantity
18.00
68.00
VARIABLE COSTS
Production Costs
Seed
Seed - Wheat
Fertilizer
Fertilizer (N) - Liquid
Custom
Custom Harvest - Wheat
Custom Haul - Wheat
Fertilizer Application - Liquid High
Miscellaneous
Crop Insurance Wheat Dryland
Herbicide
Herbicide and Apply Wheat Dryland
Insecticide
Insecticide and Apply Wheat Dryland
Machinery Labor
Tractors/Self-Propelled
Diesel Fuel
Tractors/Self-Propelled
Gasoline
Pickup/General Use Equipment
Repairs & Maintenance
Pickup/General Use 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
Tractors/Self-Propelled
Implements
Whole Farm Insurance
Cash Rent - Wheat Dryland
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Pound
Units
$/Unit
$5.50
$0.50
Total
$99.00
$34.00
$133.00
$/Unit
Total
1
Bushel
$25.00
$25.00
$4,000.00
30
Pound
$0.58
$17.34
$2,774.40
1
18
1
Acre
Bushel
Acre
$14.00
$0.14
$4.75
$14.00
$2.52
$4.75
$2,240.00
$403.20
$760.00
1
Acre
$19.00
$19.00
$3,040.00
1
Acre
$16.75
$16.75
$2,680.00
1
Acre
$5.50
$5.50
$880.00
0.9
Hour
$12.00
$10.80
$1,728.00
2.2
Gallon
$3.00
$6.60
$1,056.00
2
Gallon
$2.25
$4.50
$720.00
1
1
1
Acre
Acre
Acre
$0.50
$6.00
$3.00
6.00%
$17.84
$171.40
$142.90
1
1
Units
Dollars
Dollars
Dollars
Acre
Acre
$5.94
$0.50
$6.00
$3.00
$4.58
$140.84
($7.84)
Bushel
$/Unit
Total
7.00%
7.00%
7.00%
$2.00
$30.00
$9.01
$80.00
$960.00
$480.00
$732.88
$22,534.48
($1,254.48)
Enterprise
Total
$1.25
$12.00
$10.00
$2.00
$30.00
$55.25
$196.09
$199.85
$1,919.68
$1,600.48
$320.00
$4,800.00
$8,840.01
$31,374.49
($63.09)
($10,094.49)
Returns Above Specifiied Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$15,840.00
$5,440.00
$21,280.00
Enterprise
Total
Bushel
Example Breakeven Prices
Example
Yield
Percent
75%
90%
100%
110%
125%
Example
Yield
Bushel
13.50
16.20
18.00
19.80
22.50
Price Needed to Cover Price Needed to Cover
Example Variable Costs Example Total Costs
Own/Rent ShareTenant Own/Rent ShareTenant
$7.91
$7.91
$12.01
$12.01
$6.60
$6.60
$10.01
$10.01
$5.94
$5.94
$9.01
$9.01
$5.40
$5.40
$8.19
$8.19
$4.75
$4.75
$7.20
$7.20
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.