Projections for Planning Purposes Only Not to be Used without Updating after February 13, 1998 B-1241 (C09) Soybeans Following Soybeans, Drilled Southeast Texas 1998 Projected Costs and Returns per Acre GROSS INCOME Description ============================ SOYBEANS Quantity ========= 25.000 Unit ==== bu $ / Unit =========== 6.6400 Total GROSS Income VARIABLE COST Description ================================= PREHARVEST HERBICIDE CUST GROUND SPR NITROGEN PHOSPHATE POTASH CUST GROUND FERT SOYBEAN SEED HERBICIDE CUST AIR HERB INSECTICIDE SURFACTINT METHYL PARATHION CUST AIR INSECT Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery Your Estimate ======== ________ ________ Quantity =========== Unit ==== $ / Unit =========== Total =========== 3.500 1.000 7.500 32.500 30.000 1.000 80.000 0.500 0.500 0.050 1.000 1.000 1.000 pts acre lb. lb. lb. acre lb. pt. appl gal. acre acre appl Acre Acre Hour 9.950 3.750 .184 .271 .123 4.500 .370 8.000 6.000 105.000 .600 1.250 5.250 34.82 3.75 1.38 8.80 3.69 4.50 29.60 4.00 3.00 5.25 0.60 1.25 5.25 7.21 10.16 6.38 =========== 129.65 ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________ 6.25 5.00 1.89 10.64 1.68 =========== 25.45 ________ ________ ________ ________ ________ 6.30 -0.01 =========== 161.39 ________ ________ 1.045 Total PREHARVEST HARVEST DRYING HAUL Fuel & Lube - Machinery Repairs - Machinery Labor - Machinery 12.500 25.000 0.275 bu. bu. Acre Acre Hour 6.103 .500 .200 6.102 Total HARVEST Interest Interest Total =========== 166.00 =========== 166.00 - OC Borrowed - Positive Cash 54.752 -0.240 Dol. Dol. Total VARIABLE COST Break-Even Price, Total Variable Cost $ 0.115 0.030 ________ ________ ________ 6.45 per bu of SOYBEANS GROSS INCOME minus VARIABLE COST 4.61 ________ Total =========== 23.36 21.00 =========== 44.36 ________ ________ Total of ALL Cost 205.75 ________ NET PROJECTED RETURNS -39.75 ________ FIXED COST Description ================================= Machinery and Equipment Land Unit ==== Acre Acre Total FIXED Cost Break-Even Price, Total Cost $ ________ 8.22 per bu of SOYBEANS 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 ======== ================ ===== ========================= ============= ============= 10/20/98 HARVEST A SOYBEANS 25.0000 .0000 Date ======== 04/10/98 04/15/98 04/20/98 05/05/98 05/05/98 05/05/98 05/05/98 05/05/98 05/05/98 05/06/98 05/06/98 05/06/98 05/07/98 08/20/98 08/20/98 09/10/98 09/10/98 09/10/98 09/10/98 10/20/98 10/20/98 10/20/98 11/01/98 Stage Type of of Production Input ================ ===== PREHARVEST M PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST G PREHARVEST E PREHARVEST E PREHARVEST E PREHARVEST G PREHARVEST M PREHARVEST M PREHARVEST E PREHARVEST M PREHARVEST E PREHARVEST G PREHARVEST E PREHARVEST E PREHARVEST E PREHARVEST G HARVEST M HARVEST G HARVEST G K Input Name ========================= DISKING 180 HP FIELD CULTIVATOR 29' FIELD CULTIVATOR 29' HERBICIDE SOYBEANS CUST GROUND SPR SOYBEANS NITROGEN LIBERTY PHOSPHATE LIBERTY POTASH LIBERTY CUST GROUND FERT LIBERTY FIELD CULTIVATOR 29' DRILL SOYBEAN SEED LIBSOYB PLOW DRAINS SOYBEANS HERBICIDE BLAZER CUST AIR HERB LIBSOYB INSECTICIDE AMBUSH SURFACTINT SOYBEANS METHYL PARATHION CUST AIR INSECT SOYBEAN COMBINING GRAIN DRYING SOYBEANS HAUL SOYBEANS LAND RENT SOYBEAN Number of Units ============= 1.0000 1.0000 1.0000 3.5000 1.0000 7.5000 32.5000 30.0000 1.0000 1.0000 1.0000 80.0000 1.0000 .5000 .5000 .0500 1.0000 1.0000 1.0000 1.0000 12.5000 25.0000 1.0000 B-1241 (C09) Cash Landlord Break NonShare Even Cash Prod. ===== ======== ===== C .00 Y Cash Fixed Landlord Nonor Share Cash Vari. ===== ===== ======== .00 .00 .00 C V .00 C V .00 C V .00 C V .00 C V .00 C V .00 .00 .00 C V .00 .00 C V .00 C V .00 C V .00 C V .00 C V .00 C V .00 C V .00 C V .00 C V .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.