Projections for Planning Purposes Only -- Not to be Used without Updating
2014 Estimated Costs and Returns per Acre
Soft Wheat - 1160 Acres
North Texas Extension District - 4
Crop Acres
1160
REVENUE
Wheat
Total Revenue
Quantity
45.00
VARIABLE COSTS
Production Costs
Seed
Wheat Seed
Fertilizer
82-0-0
18-46-0
Herbicide
Pre-Emerge Wheat
Insecticide
Insecticide-Greenbug
Miscellaneous
Insurance-Wheat
Custom
Custom Harvest Wheat
Custom Haul Wheat
Machinery Labor
Tractors/Self-Propelled
Diesel Fuel
Tractors/Self-Propelled
Repairs & Maintenance
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
Machinery Depreciation
Tractors/Self-Propelled
Implements
Equipment Investment
Tractors/Self-Propelled
Implements
Rent-Dryland Crop
Total Fixed Costs
Total Specified Costs
Quantity
Units
Bushel
Units
$/Unit
$6.48
Total
$291.60
$291.60
$/Unit
Total
60
Pounds
$0.30
$18.00
$20,880.00
100
100
Pounds
Pounds
$0.44
$0.36
$44.00
$36.00
$51,040.00
$41,760.00
1
Acre
$5.00
$5.00
$5,800.00
1
Acre
$8.00
$8.00
$9,280.00
1
Acre
$4.50
$4.50
$5,220.00
1
45
Acre
Bushels
$18.00
$0.32
$18.00
$14.40
$20,880.00
$16,704.00
0.53
Hour
$10.00
$5.30
$6,148.00
2.8
Gallon
$3.50
$9.80
$11,368.00
Acre
Acre
$6.47
$2.70
4.75%
$7,508.57
$3,134.75
$3,606.42
$203,329.74
$134,926.26
$3.90
$6.47
$2.70
$3.11
$175.28
$116.32
Bushel
$/Unit
Total
1
1
Units
1
1
$70.47
$27.06
1
Enterprise
Total
Acre
Acre
$6.24
$3.41
$6.24
$3.41
$7,240.71
$3,949.85
Dollars
Dollars
Acre
6.00%
6.00%
$25.00
$4.23
$1.62
$25.00
$40.50
$215.78
$4,905.00
$1,883.26
$29,000.00
$46,978.82
$250,308.56
$75.82
$87,947.44
Returns Above Specifiied Costs
Breakeven Price to Cover Total Costs
Enterprise
Total
$338,256.00
$338,256.00
Enterprise
Total
$4.80
Bushel
Example Breakeven Prices
Example
Yield
Percent
75%
90%
100%
110%
125%
Example
Yield
Bushel
33.75
40.50
45.00
49.50
56.25
Price Needed to Cover
Price Needed to Cover
Example Variable Costs Example Total Costs
Own/Rent ShareTenant Own/Rent ShareTenant
$5.19
$5.19
$6.39
$6.39
$4.33
$4.33
$5.33
$5.33
$3.90
$3.90
$4.80
$4.80
$3.54
$3.54
$4.36
$4.36
$3.12
$3.12
$3.84
$3.84
Landlord
$0.00
$0.00
$0.00
$0.00
$0.00
Developed by Blake Bennet, Associate Professor and Extension Economist, Texas A&M AgriLife Extension Service.
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.