Projections for Planning Purposes Only -- Not to be Used without Updating 2015 Estimated Costs and Returns per Acre Dryland Bermudagrass Hay - 100 Acres West Central Extension District - 7 Crop Acres 100 REVENUE Hay, 1200# BRB Total Revenue Quantity 3.33 Units Ton $/Unit $112.00 Total $372.96 $372.96 VARIABLE COSTS Production Costs Custom Swath, Rake and Bale Soil Test-Dryland Fertilizer Nitrogen Dry Phosphate Potassium Nitrogen N32 Herbicide 2-4D Amine 4 Insecticide Dimilin 2L Miscellaneous Rainfall Insurance Gasoline Pickup/General Use Equipment Repairs & Maintenance Pickup/General Use Equipment Interest on Credit Line Total Variable Costs Planned Returns Above Variable Costs: Breakeven Price to Cover Variable Costs Quantity Units $/Unit Total FIXED COSTS Machinery Depreciation Pickup/General Use Equipment Equipment Investment Pickup/General Use Equipment Allocated Establishment Cost Rent-Dryland Crop Total Fixed Costs Total Specified Costs Quantity 3.3 1 Bale Each $25.20 $0.25 $83.16 $0.25 $8,316.00 $25.00 51 12 27 64 Pounds Pounds Pounds Pounds $0.55 $0.42 $0.61 $0.55 $28.27 $5.00 $16.36 $35.00 $2,826.93 $500.04 $1,635.66 $3,500.16 4 Pint $1.94 $7.75 $775.00 Ounce $2.02 $3.04 $303.51 1 Acre $23.26 $23.26 $2,326.00 1 Acre $2.25 $2.25 $225.00 1 Acre $0.75 3.75% $0.75 $2.18 $207.27 $165.69 $75.25 $218.06 $20,726.61 $16,569.39 1.5 $62.24 Units 1 $17.50 1 1 Ton $/Unit Total Enterprise Total Acre $1.58 $1.58 $157.50 Dollars Acre Acre 3.75% $69.00 $35.00 $0.66 $69.00 $35.00 $106.23 $313.50 $65.63 $6,900.00 $3,500.00 $10,623.13 $31,349.73 $59.46 $5,946.27 Returns Above Specified Costs Breakeven Price to Cover Total Costs Enterprise Total $37,296.00 $37,296.00 Enterprise Total $94.14 Ton Example Breakeven Prices Example Yield Percent 75% 90% 100% 110% 125% Example Yield Ton 2.50 3.00 3.33 3.66 4.16 Price Needed to Cover Price Needed to Cover Example Variable Costs Example Total Costs Own/Rent ShareTenant Own/Rent ShareTenant $82.99 $82.99 $125.52 $125.52 $69.16 $69.16 $104.60 $104.60 $62.24 $62.24 $94.14 $94.14 $56.58 $56.58 $85.58 $85.58 $49.79 $49.79 $75.31 $75.31 Landlord $0.00 $0.00 $0.00 $0.00 $0.00 Developed by Bill Thompson, 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.