Projections for Planning Purposes Only -- Not to be Used without Updating
2016 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
Herbicide
Herbicide and Apply Wheat Dryland
Seed
Seed - Wheat
Fertilizer
Fertilizer (N) - Liquid
Custom
Custom Harvest - Wheat
Custom Haul - Wheat
Fertilizer Application - Liquid High
Miscellaneous
Crop Insurance 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 Fixed Costs
Pickup/General Use Equipment
Tractors/Self-Propelled
Implements
Management Fee, Owner/Operator Labor
Cash Rent - Wheat Dryland
Whole Farm Insurance
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Pound
Units
$/Unit
$5.50
$0.50
Cash
Total
$99.00
$34.00
$133.00
$/Unit
Total
Enterprise
Total
$15,840.00
$5,440.00
$21,280.00
Enterprise
Total
1
Acre
$16.75
$16.75
$2,680.00
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
$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
1
Acre
$4.50
$4.50
$720.00
1
1
1
Acre
Acre
Acre
$0.50
$6.00
$3.00
6.00%
Units
1
1
1
1
1
1
Acre
Acre
Acre
Acre
Acre
Acre
$5.97
$0.50
$6.00
$3.00
$5.23
$141.49
($8.49)
Bushel
$/Unit
Total
$1.25
$12.00
$10.00
$15.00
$30.00
$2.00
$9.87
Enterprise
Total
$1.25
$12.00
$10.00
$15.00
$30.00
$2.00
$70.25
$211.74
$200.00
$1,920.00
$1,600.00
$2,400.00
$4,800.00
$320.00
$11,240.00
$33,877.68
($78.74)
($12,597.68)
Returns Above Specified Costs
Breakeven Price to Cover Total Costs
$80.00
$960.00
$480.00
$836.08
$22,637.68
($1,357.68)
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
Your Variable Costs
$7.96
$6.63
$5.97
$5.43
$4.78
Price Needed to Cover
Your Total Costs
$13.17
$10.97
$9.87
$8.98
$7.90
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.