Projections for Planning Purposes Only -- Not to be Used without Updating 2016 Estimated Costs and Returns per Acre Hard Red Winter Wheat - 200 Acres Central Texas Extension District - 8 Crop Acres 200 REVENUE Wheat Total Revenue Quantity 45.00 VARIABLE COSTS Production Costs Custom Custom Combine Custom Hauling Wheat Fertilizer 46-0-0 18-46-0 Herbicide Weed Burndown Peak Insecticide Insecticide Greenbug Miscellaneous Insurance - Wheat 65% Insurance - Wheat SCO Seed Wheat Seed Fungicides Tebuconazole 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 Dryland Crop Rent Total Fixed Costs Total Specified Costs Quantity Units Bushel Units $/Unit $5.10 Cash Total $229.50 $229.50 $/Unit Total Enterprise Total $45,900.00 $45,900.00 Enterprise Total 1 45 Acre Bushel $25.00 $0.30 $25.00 $13.50 $5,000.00 $2,700.00 128 50 Pound Pound $0.60 $0.65 $76.80 $32.50 $15,360.00 $6,500.00 10 1 Ounce Ounce $0.24 $15.00 $2.40 $15.00 $480.00 $3,000.00 1 Acre $4.50 $4.50 $900.00 1 1 Acre Acre $7.00 $2.00 $7.00 $2.00 $1,400.00 $400.00 90 Pound $0.35 $31.50 $6,300.00 4 Ounce $0.38 $1.50 $300.00 0.86 Hour $10.00 $8.60 $1,720.00 5.65 Gallon $2.65 $14.97 $2,994.50 Acre Acre $9.11 $11.91 4.75% 1 1 Units 1 1 $73.33 $62.94 1 $5.85 $9.11 $11.91 $7.04 $263.33 ($33.83) Bushel $/Unit Total $1,821.95 $2,382.17 $1,408.26 $52,666.88 ($6,766.88) Enterprise Total Acre Acre $9.41 $14.18 $9.41 $14.18 $1,882.68 $2,835.25 Dollars Dollars Acre 6.00% 6.00% $30.00 $4.40 $3.78 $30.00 $61.77 $325.10 $880.00 $755.23 $6,000.00 $12,353.16 $65,020.04 ($95.60) ($19,120.04) Returns Above Specified Costs Breakeven Price to Cover Total Costs $7.22 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 Your Variable Costs $7.80 $6.50 $5.85 $5.32 $4.68 Price Needed to Cover Your Total Costs $9.63 $8.03 $7.22 $6.57 $5.78 Developed by Jason Johnson, Associate 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.