Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1998 B-1241 (C07) Spanish Peanuts, Irrigated, Solid Planting West Central Texas (7) 1998 Projected Costs and Returns per Acre GROSS INCOME Description ============================ PEANUTS Unit ==== lb. $ / Unit =========== 0.3100 Quantity =========== Unit ==== $ / Unit =========== Total =========== 40.000 1.000 25.000 50.000 25.000 1.000 80.000 5.000 3.000 1.000 lb. acre lb. lb. lb. acre lb. appl appl appl Acre Acre Acre Acre Hour Hour .140 3.400 .280 .260 .120 3.500 .740 4.150 7.000 11.500 5.60 3.40 7.00 13.00 3.00 3.50 59.20 20.75 21.00 11.50 17.26 18.10 4.61 10.91 32.93 3.11 =========== 234.87 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 22.50 3.48 2.55 7.46 =========== 35.99 ________ ________ ________ ________ 11.25 =========== 282.11 ________ Total GROSS Income VARIABLE COST Description ================================= PREHARVEST SEED, RYE HERB, PRE-EMERGE NITROGEN PHOSPHATE POTASH FERTILIZING SEED, PEANUT FUNGICIDE FUNGICIDE INSECTICIDE Fuel & Lube - Machinery - Irrigation Repairs - Machinery - Irrigation Labor - Machinery - Irrigation 5.489 0.480 Total PREHARVEST HARVEST DRYING Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery 1.125 1.244 ton Acre Acre Hour 6.000 6.481 20.000 6.000 Total HARVEST Interest Your Total Estimate =========== ======== 697.50 ________ =========== 697.50 ________ Quantity ========= 2250.000 - OC Borrowed 112.529 Dol. Total VARIABLE COST Break-Even Price, Total Variable Cost $ 0.100 ________ ________ ________ 0.12 per lb. of PEANUTS GROSS INCOME minus VARIABLE COST 415.39 ________ Total =========== 71.74 42.99 12.00 =========== 126.73 ________ ________ ________ Total of ALL Cost 408.84 ________ NET PROJECTED RETURNS 288.66 ________ FIXED COST Description ================================= Machinery and Equipment Irrigation Land Unit ==== Acre Acre Acre Total FIXED Cost Break-Even Price, Total Cost $ ________ 0.18 per lb. of PEANUTS 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 Date Stage Type Product Name Number Weight of of of per Production Prod. Units Head ======== ================ ===== ========================= ============= ============= 11/15/98 HARVEST A PEANUTS 2250.0000 .0000 Date ======== 11/20/97 11/25/97 11/25/97 03/15/98 04/05/98 04/10/98 04/15/98 04/15/98 04/20/98 04/20/98 04/20/98 04/20/98 04/25/98 05/10/98 05/10/98 06/10/98 06/15/98 06/20/98 06/20/98 06/20/98 06/30/98 07/10/98 07/10/98 07/15/98 07/20/98 07/20/98 07/20/98 07/25/98 08/10/98 08/10/98 08/20/98 08/20/98 08/25/98 11/15/98 11/15/98 11/15/98 11/15/98 11/15/98 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST E PREHARVEST E PREHARVEST G PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST O PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST O PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST O HARVEST M HARVEST M HARVEST G HARVEST D HARVEST K Input Name Number of Units ========================= ============= CULTIVATING 6 ROW 1.0000 DRILLING 12 FT 1.0000 SEED, RYE 40.0000 PLOWING 1.0000 CULTIVATING 6 ROW 1.0000 DISCING/BEDDING 1.0000 HERB, PRE-EMERGE 1.0000 SPRAYING 24 FT 1.0000 NITROGEN 25.0000 PHOSPHATE 50.0000 POTASH 25.0000 FERTILIZING CUSTOM 1.0000 CULTIVATING 6 ROW 1.0000 SEED, PEANUT 80.0000 PLANTING 6 ROW 1.0000 IRRIGATION 2.0000 CULTIVATING ROLLING 1.0000 FUNGICIDE FOLIAR 1.0000 SPRAYING 24 FT 1.0000 FUNGICIDE SOIL 3.0000 PICKUP TRUCK 3/4 TON 63.0000 FUNGICIDE FOLIAR 1.0000 SPRAYING 24 FT 1.0000 CULTIVATING ROLLING 1.0000 FUNGICIDE FOLIAR 1.0000 SPRAYING 24 FT 1.0000 INSECTICIDE 1.0000 IRRIGATION 6.0000 FUNGICIDE FOLIAR 1.0000 SPRAYING 24 FT 1.0000 FUNGICIDE FOLIAR 1.0000 SPRAYING 24 FT 1.0000 IRRIGATION 4.0000 DIGGING PEANUTS 1.0000 COMBINING PEANUTS 1.0000 DRYING PEANUTS 1.1250 TRAILER PEANUTS .0010 LAND CHARGE CROPS 1.0000 B-1241 (C07) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== C .00 Y Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 .00 C V .00 .00 .00 .00 C V .00 .00 C V .00 C V .00 C V .00 C V .00 .00 C V .00 .00 .00 .00 C V .00 .00 C V .00 .00 C V .00 .00 .00 C V .00 .00 C V .00 .00 C V .00 .00 C V .00 .00 .00 .00 .00 C V .00 .00 F .00 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.