Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1998 B-1241 (C04) Stocker Steers (Wheat Grazing Nov-Feb 120 Days) North Texas (4) Your ============================================================================== Estimate PRODUCTION Description Quantity Unit $ / Unit Return ======== FEEDER STEERS 840 LB. 0.98Hd 8.400 cwt. 73.5000 605.05 ________ =========== Total GROSS Income 605.05 ________ ============================================================================== OPERATING INPUT or CUSTOM OPERATION Description Input Use Unit $ / Unit Cost HAY BERMUDA 2.000 cwt. 3.000 6.00 MISCELLANEOUS STOCKER 1.000 head 4.000 4.00 PASTURE NATIVE 0.250 acre 8.000 2.00 SALES COMMISSIONSTOCKER 8.400 cwt. 2.000 16.80 SALT & MINERALS 0.300 cwt. 7.930 2.38 STOCKER STEERS 4.800 cwt. 95.000 456.00 SUPPLEMENT 0.500 cwt. 10.750 5.38 VET. MEDICINE STOCKER 1.000 head 7.000 7.00 WHEAT $/CWT GAIN 3.600 cwt. 25.000 90.00 Fuel 1.29 Lube 0.13 Repair 0.96 =========== Total OPERATING INPUT and CUSTOM OPERATION Costs 591.94 ============================================================================== Residual returns to capital, ownership labor, land, management, and profit 13.11 ============================================================================== CAPITAL INVESTMENT Description Interest - IT Borrowed Interest - OC Borrowed Quantity Invested 144.052 343.056 Unit Dol. Dol. Rate of Return 0.121 0.121 Total CAPITAL INVESTMENT Costs Total OWNERSHIP Costs ________ ________ Cost 17.43 41.51 =========== 58.94 ============================================================================== Residual returns to ownership, labor, land, management, and profit -45.82 ============================================================================== OWNERSHIP COST Description (Depreciation, Taxes, and Insurance) Machinery and Equipment ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ Cost 15.50 =========== 15.50 ============================================================================== Residual returns to labor, land, management, and profit -61.32 ________ ________ ________ ________ ________ ________ ________ ============================================================================== LABOR COST Description Machinery and Equipment Other Total LABOR Costs Input Use 0.917 3.040 Unit Hr. Hr. Average Rate 5.682 5.000 Cost 5.21 15.20 =========== 20.41 ============================================================================== Residual returns to land, management, and profit -81.73 ============================================================================== ________ ________ ________ ________ -WARNING- No Land Cost Specified Information presented is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm or ranch operation. These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication. Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1998 B-1241 (C04) ============================================================================== Residual returns to management and profit -81.73 ============================================================================== ________ -WARNING- No Management Cost Specified ============================================================================== Residual returns to profit -81.73 ============================================================================== ________ Total Projected Cost of Production ________ 686.78 Information presented is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm or ranch operation. These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication. Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1998 B-1241 (C04) Stocker Steers (Wheat Grazing Nov-Feb 120 Days) North Texas (4) GROSS INCOME Description ============================ FEEDER STEERS 670 LB. Quantity ========= 0.98Hd 6.700 Unit ==== cwt. Total GROSS Income VARIABLE COST Description ================================= HAY BERMUDA Interest - OC Borrowed LIVESTOCK LABOR MISCELLANEOUS STOCKER PASTURE NATIVE PENS & EQUIPMENT PICKUP TRUCK 3/4 TON SALES COMMISSIONSTOCKER SALT & MINERALS STOCKER STEERS SUPPLEMENT VET. MEDICINE STOCKER WHEAT $/CWT GAIN Total VARIABLE COST GROSS INCOME minus VARIABLE COST FIXED COST Description ================================= Machinery and Equipment Total FIXED Cost Total of ALL Cost NET PROJECTED RETURNS Unit ==== Acre $ / Unit =========== 80.0000 Your Total Estimate =========== ======== 525.28 ________ =========== 525.28 ________ Total =========== 6.00 38.92 9.50 4.00 2.00 1.88 5.72 13.40 1.49 456.00 5.38 7.00 47.50 =========== 598.77 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ -73.49 ________ Total =========== 32.93 =========== 32.93 ________ 631.70 ________ -106.42 ________ ________ ________ Information presented is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm or ranch operation. These projections were collected and developed by staff members of the Texas Agricultural Extension Service and approved for publication.