A Comparison of Returns and Risk Across a Variety of Georgia Agricultural Commodities
Dawn L. Black and John C. McKissick (1)
Center for Agribusiness and Economic Development
The University of Georgia
June 6th, 2000
Center Special Report No. 8
According to the National Agricultural Statistics Service (NASS), Georgia's total cash receipts for crops, livestock and poultry in
1998 was an estimated 5.45 billion dollars. The pie chart below shows the major commodities in this group and their percent
contribution to the total. Since Georgia agriculture claims such a significant portion of the state's economy, it is important to
examine the risk and returns inherent in producing the state's major crop and animal products.
CHART 1:
Source: National Agricultural Statistics Service
The Center for Agribusiness and Economic Development has conducted a study to determine the return on assets and probability
of making a profit for a variety of commonly produced Georgia agricultural commodities using historical yields and best
management production budgets. The commodities included in the study are; hogs, dairy, broilers, cow-calf, dryland wheat,
dryland and irrigated corn, cotton, peanuts, and soybeans, hand harvested and mechanically harvested tobacco. This report
outlines the methods used to assess the cost, returns and risk of producing these important Georgia commodities.
The University of Georgia's Cooperative Extension Service enterprise budgets were used to estimate the return on assets for years
1990 through 1999. In addition, the return to assets and the probability of making profit were computed for the 10 year historical
average. Two example budgets are included in this report; however, all budgets are freely available on the Department of
Agricultural and Applied Economics website (www.agecon.uga.edu).
Costs
The Cooperative Extension Service budgets are formulated according to the following scales of operation. The hog operation was
assumed to be a farrow to finish, 1200 sow enterprise with 19 pigs weaned per female per year. The cow-calf operation was based
on 100 brood cows with an average weaning weight of 490 lbs. for steers and 440 lbs. for heifers. The dairy was assumed to
contain 150 cows with calving intervals of 13.3 months. The broiler operation was based on one house with varying capacities
(see table 6 in the appendix for details). Basic production costs for all row crops, except tobacco and peanuts, were based on 200
planted acres with an irrigation system based on a 150 acres. Hand harvested tobacco was based on 35 planted acres while
mechanically harvested tobacco was based on 30 planted acres, both with an irrigation system based on 50 acres. Peanut costs
were based on a 100 planted acres with an irrigation system based on 150 acres. These operation size assumptions are used for
computing the per acre cost of such large items as tractors, combines, etc. For ease of comparison, crop returns and cost figures
for each of the 10 years are presented in table 6 located in the appendix.
Peanuts and tobacco required special consideration with regards to the cost of quota. The peanut quota figures used in this study
were based on based on an average purchase price of $.050 per pound. This amount was multiplied by an average yield of 3500
lbs./acre for irrigated peanuts and 2500 lbs./acre for dryland peanuts, resulting in $1750 and $1250 per acre, respectively. The
tobacco quota figures were based on an average purchase price of $3.75 per pound. This amount was multiplied by an average
yield of 2200 lbs./ acre resulting in $8250 per acre(2). The quota costs were treated as fixed costs and calculated in the investments
section of the budget.
Additional assumptions were made pertaining to management, overhead, and interest. In addition to all direct cost of production, a
cost for management equal to 5% of the commodities variable costs is subtracted before computing the net return and returns to
assets. Thus, the net returns displayed are above and beyond the management charge. Depreciation for all equipment and the
facilities needed for production at the specified scale were calculated and included as a fixed cost. Taxes and insurance were also
included. Total cost include typical fixed and variable costs, excluding interest and overhead. Interest on investment and operating
cost was calculated and included for profitability comparisons; however, was not included when calculating the return on assets.
Returns
The Cooperative Extension Service budgets are formulated using best management practices (BMP) and provide estimated yields
for each commodity. BMP yields are based on a certain level of fertility, management and equipment use. These estimated yields
were adjusted accordingly by each year's state average yield as provided by the National Agricultural Statistics Service (NASS).
For actual yields used in this study, refer to table 1 in the appendix.
The prices used in the study to calculate net returns were state average prices as reported by NASS. In an effort to obtain the net
price a Georgia crop farmer actually received for his commodity, a closer look was given to income received from farm programs.
The total amount of deficiency payments made to Georgia cotton, corn, and wheat farmers was obtained from the Farm Service
Agency for years 1990-1996. For years 1997-1999, the total amount of loan deficiency payments (LDP) was obtained (soybeans
were also eligible for LDPs during 1997-99). The amounts were divided by each year's total production to obtain a state average
amount that was then added to the cash market price (for actual figures, refer to table 2 in the appendix). The following charts
show the variation in the cash price versus the price farmers received after the program payments.
CHART 2:
CHART 3:
CHART 4:
CHART 5:
The reader should keep in mind that the amount added to the NASS price is simply an average and many farmers may have
received more or less than the average. No consideration for disaster aid payments or crop insurance payments was given in this
study. Table 3 in the appendix shows the average annual prices used in this study.
Results
The estimated annual net returns were computed by comparing costs and returns for each of the previous 10 years and the 10 year
average for each enterprise. The return on assets was calculated by dividing the net return (excluding interest on investment and
operating costs) by the total investment. Return on assets measures the profitability of a particular enterprise relative to the level
of investment required to produce the commodity.
In addition, the probability of a positive net return was calculated for the 10 year average. Unlike the return on assets calculation,
interest was considered when computing profitability as mentioned earlier. The probability of profit can be interpreted as the
percentage of years in which an operator can expect to earn a positive net return from the enterprise, based on the yield and price
variability of the last 10 years. The net returns, total costs, total investment and return on assets calculations for each year are
provided in table 6 located in the appendix; and a summary of the return on assets and probability of making a profit are shown
below in table 4.
Table 4: Return on Assets and Probability of Positive Net Returns for a 10 Year Historical Average
Commodity
ROA
Irrigated Cotton
Irrigated Peanuts
Hogs
Dryland Peanuts
Dryland Soybeans
Dryland Cotton
Irrigated Corn
Irrigated Soybeans
Hand Harvested. Tobacco
Wheat
Cow-Calf
Broilers
Mech. Harvested
Tobacco
Dairy
Dryland Corn
15.48%
13.77%
12.09%
12.08%
11.82%
10.30%
9.21%
8.03%
8.21%
7.67%
7.63%
7.20%
Prob. of
Profit
97%
97%
51%
73%
61%
71%
72%
58%
87%
52%
52%
99%
6.94% 68%
5.77% 58%
4.25% 44%
Finally, the following chart displays the 10 year historical average return results in a manner that shows the return on assets and
the associated risk as measured by the probability of positive net return in any one particular year. Each commodity is represented
by a labeled dot on the graph. The farther the dot is to the right, the higher the returns on assets (the more profitable the enterprise
is relative to the assets required to produce it). The higher the dot is on the graph, the more likely that enterprise is to be profitable
in any one year. Thus, dots that are more toward the upper right corner of the graph are more desirable. An enterprise that is both
farther right and higher up than another is superior in terms of both profitability and riskiness (i.e., the farmer gets a bigger return
with less risk).
It is important to note that the investment costs, and thus the net returns, for peanuts and tobacco are extremely sensitive to the
costs of quota and will vary substantially among farmers with quota costs that are different than those specified in this study. For
sake of comparison, the return to assets and probability of making a profit were also computed with no regards to quota and for
rented quota. For peanuts, cost of rented quota was based on the 1999 average rental rate of $.092 per pound, resulting in a cost of
$322 per acre for irrigated peanuts and $230 per acre for dryland peanuts. Rented tobacco quota was based on $.40 per pound
resulting in $880 per acre (2). Chart 7 shows a comparison of the return on assets with the varying costs for quota (for exact
figures, refer to table 5 in the appendix).
CHART 7:
The results of this study should be considered against the assumptions inherent in their calculation. Capital requirements and
production levels are based on the enterprise budgets of the UGA Cooperative Extension Service using best management
practices. Overhead and land are not included
as costs for the purposes of this study.
The results presented will not accurately reflect those of any particular Georgia producer. Contrary results could be expected
for agricultural operations of different sizes, financial conditions, management styles and location. However, the results
presented should provide some evidence of the levels of risk and returns provided by Georgia's major livestock and crop
enterprises based on the average conditions of the past 10 years.
1. Dawn L. Black is a research coordinator and John C. McKissick the Interim Director, both
with the Center for Agribusiness and Economic Development, The University of Georgia;
phone (706) 542-9811; fax (706) 542-0739; e-mail dblack@agecon.uga.edu or
jmckissick@agecon.uga.edu
2. Peanut quota purchase price was provided by Don Shurley, extension economist cotton, and the tobacco quota purchase price was provided by Michael J. Moore,
extension agronomist - tobacco, both with the University of Georgia's Cooperative
Extension Service.
3. The quota rental rate for peanuts was taken from the "Georgia Farmland Values &
Cash Rents, 1999," prepared by The University of Georgia's Cooperative Extension
Service. The rental rate for tobacco was provided by Michael J. Moore, extension
agronomist - tobacco.
APPENDIX TABLES
TABLE 1: AVERAGE ANNUAL ROW CROP YIELDS
USED IN ROA STUDY
IRRIGATED
Year
PEANUTS
COTTON CORN
SOYBEANS TOBACCO
90
91
92
93
94
95
96
97
98
99
2808.833
3503.285
3705.051
3029.369
3859.895
3409.440
3690.974
3578.360
3808.280
3606.514
881.070
1134.722
1106.100
911.666
1165.318
950.158
1070.569
970.884
903.770
905.744
22.619
58.483
64.001
30.896
69.518
60.920
58.046
43.678
43.678
37.930
2415.000
2015.000
2295.000
2240.000
2180.000
2000.000
2470.000
2075.000
2200.000
1940.000
Average
3500.000
1000.000 152.695 48.977
2183.000
Year
PEANUTS
COTTON CORN
SOYBEANS WHEAT
90
91
92
93
94
95
96
97
98
99
1512.619
2504.692
2792.930
1827.669
3014.135
2370.628
2772.820
2611.943
2940.400
2652.163
495.391
825.138
787.929
535.166
864.913
585.205
741.739
612.150
524.901
527.467
39.001
66.768
66.768
40.737
89.968
72.614
78.037
88.884
67.190
86.714
14.137
36.552
40.001
19.310
43.449
36.552
34.828
26.207
26.207
22.758
35.000
33.000
46.000
38.000
51.000
38.000
48.000
44.000
43.000
43.000
Average
2500.000
650.000
69.668
30.000
41.900
123.751
158.460
158.460
125.921
164.968
147.614
153.037
163.884
142.190
188.667
DRYLAND
TABLE 2: AVERAGE DEFICIENCY AND LOAN DEFICIENCY
PAYMENTS MADE TO GEORGIA FARMERS
COTTON
Year
Cash
Total
Total Loan
Total State
Average Payment
Average Final Price
Price / lb.
Deficiency
Deficiency
Prod ( lbs. )
Made to Farmers
Received by
Payments
Payments
State-wide / lb.
Farmers State-wide
90
$0.69
$13,297,611.00
$0.00
194,400,000
$0.07
$0.76
91
$0.60
$17,817,771.00
$0.00
346,560,000
$0.05
$0.65
92
$0.56
$37,751,828.00
$0.00
357,120,000
$0.11
$0.66
93
$0.60
$68,867,210.00
$0.00
351,840,000
$0.20
$0.79
94
$0.73
$10,275,001.00
$0.00
737,760,000
$0.01
$0.75
95
$0.77
$0.00
$0.00
931,680,000
$0.00
$0.77
96
$0.71
$0.00
$0.00
997,920,000
$0.00
$0.71
97
$0.70
$0.00
$636,932.08
921,120,000
$0.00
$0.70
98
$0.65
$0.00
$54,231,376.80
740,160,000
$0.07
$0.72
99
$0.45
$0.00
$86,003,131.51
753,600,000
$0.11
$0.57
90
$2.77
$23,560,879.00
$0.00
37,400,000
$0.63
$3.40
91
$2.72
$13,685,337.00
$0.00
55,000,000
$0.25
$2.97
92
$2.31
$19,605,187.00
$0.00
69,000,000
$0.28
$2.59
93
$2.72
$33,290,524.00
$0.00
39,200,000
$0.85
$3.57
94
$2.47
$12,786,988.00
$0.00
57,240,000
$0.22
$2.69
95
$3.55
$0.00
$0.00
31,500,000
$0.00
$3.55
96
$3.58
$0.00
$0.00
49,875,000
$0.00
$3.58
97
$2.90
$0.00
$0.00
47,250,000
$0.00
$2.90
98
$2.10
$0.00
$3,503,401.92
22,525,000
$0.16
$2.26
99
$2.25
$0.00
$5,539,742.83
30,900,000
$0.18
$2.43
90
$3.02
$18,134,501.00
$0.00
20,650,000
$0.88
$3.90
91
$2.44
$14,188,740.00
$0.00
14,025,000
$1.01
$3.45
92
$3.11
$12,091,226.00
$0.00
16,100,000
$0.75
$3.86
93
$2.61
$26,279,966.00
$0.00
13,680,000
$1.92
$4.53
94
$3.03
$9,324,424.00
$0.00
20,400,000
$0.46
$3.49
95
$3.39
$0.00
$0.00
11,400,000
$0.00
$3.39
96
$4.38
$0.00
$0.00
15,840,000
$0.00
$4.38
97
$3.20
$0.00
$0.00
15,400,000
$0.00
$3.20
98
$2.65
$0.00
$596,894.65
10,320,000
$0.06
$2.71
99
$2.55
$0.00
$2,745,237.60
9,675,000
$0.28
$2.83
90
$5.74
$0.00
$0.00
9,800,000
$0.00
$5.74
91
$5.53
$0.00
$0.00
15,930,000
$0.00
$5.53
92
$5.49
$0.00
$0.00
18,560,000
$0.00
$5.49
93
$6.52
$0.00
$0.00
8,160,000
$0.00
$6.52
94
$5.37
$0.00
$0.00
15,500,000
$0.00
$5.37
95
$6.71
$0.00
$0.00
8,370,000
$0.00
$6.71
96
$6.87
$0.00
$0.00
10,140,000
$0.00
$6.87
97
$6.75
$0.00
$0.00
7,980,000
$0.00
$6.75
98
$5.10
$0.00
$699,765.22
4,620,000
$0.15
$5.25
99
$4.60
$0.00
$2,639,751.36
3,610,000
$0.73
$5.33
CORN
WHEAT
SOYBEANS
TABLE 3: AVERAGE ANNUAL PRICES
USED IN ROA STUDY
ROW CROPS
Year
Cotton / lb. Peanuts / lb. Tobacco / lb. Corn / bu.
Soybeans / bu. Wheat / bu.
90
91
92
93
94
95
96
97
98
99
0.762
0.651
0.663
0.795
0.747
0.766
0.705
0.703
0.723
0.567
0.338
0.283
0.303
0.310
0.286
0.295
0.297
0.272
0.313
0.272
1.683
1.694
1.692
1.653
1.654
1.759
1.813
1.712
1.708
1.685
3.400
2.969
2.594
3.569
2.693
3.550
3.580
2.900
2.256
2.429
5.740
5.530
5.490
6.520
5.370
6.710
6.870
6.750
5.251
5.331
3.898
3.452
3.861
4.531
3.487
3.390
4.380
3.200
2.708
2.834
Average
0.708
0.297
1.705
2.994
5.956
3.574
Livestock
Year
Hogs / cwt. Dairy / cwt.
Steers / cwt. Heifers / cwt. Broilers / lb.
90
91
92
93
94
95
96
97
98
99
53.000
47.900
37.800
43.500
39.300
39.700
49.000
48.600
29.100
31.000
15.800
13.700
15.100
14.700
14.900
14.300
16.300
14.700
16.600
17.830
102.337
105.427
91.596
98.317
88.668
70.450
55.222
84.621
81.600
85.921
90.439
94.469
81.983
86.707
77.938
61.545
46.015
72.634
69.988
75.729
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.046
Average
41.890
15.393
86.416
75.745
0.045
* PRICES FOR STEERS AND HEIFERS ARE FOR MEDIUM FRAMED #1'S 4-500 LBS.
TABLE 5: A COMPARISON OF RETURN ON ASSETS AND PROBABILITY OF A
POSITIVE NET RETURN FOR PEANUTS AND TOBACCO
WITH VARYING QUOTA COSTS
COMMODITY
Purchased Quota
ROA
Prob. of Profit
ROA
Irrigated Peanuts
Dryland Peanuts
Hand harvested Tobacco
Mech. Harvested Tobacco
13.77%
12.08%
8.21%
6.94%
31.15%
33.10%
24.81%
18.82%
97%
73%
87%
68%
Rented Quota
Prob. of Profit
99%
89%
99%
99%
ROA
No Quota Costs
Prob. of Profit
41.40%
48.15%
31.28%
22.77%
99%
99%
99%
99%
Table 6: Cumulative Summary Table for the Return on Assets
vs. the Probability of Making a Profit Study
Irrigated Peanuts
(excluding interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Irrigated peanut costs were based on 100 planted acres with an irrigation system based on 150 acres.
Based on purchased quota. ($.50/lb. X 3500 lbs. = $1750 quota investment / acre)
90
$0.338
2808.83
$362.00
$0.21
$587.02
$2,116.20
$550.01
$2,666.21
13.58%
91
$0.283
3503.29
$311.00
$0.19
$680.58
$2,130.66
$550.01
$2,680.67
11.60%
92
$0.303
3705.05
$483.00
$0.17
$639.94
$2,145.21
$550.01
$2,695.22
17.92%
93
$0.310
3029.37
$307.00
$0.21
$632.47
$2,162.43
$550.01
$2,712.44
11.32%
94
$0.286
3859.90
$471.00
$0.16
$633.29
$2,179.37
$550.01
$2,729.38
17.26%
95
$0.295
3409.44
$343.00
$0.19
$662.77
$2,202.18
$550.01
$2,752.19
12.46%
96
$0.297
3690.97
$421.00
$0.18
$675.26
$2,228.31
$550.01
$2,778.32
15.15%
97
$0.272
3578.36
$300.00
$0.19
$665.97
$2,256.56
$550.01
$2,806.57
10.69%
98
$0.313
3808.28
$497.00
$0.18
$695.07
$2,281.25
$550.01
$2,831.26
17.55%
99
$0.272
3606.51
$289.00
$0.19
$691.64
$2,304.27
$550.01
$2,854.28
10.13%
Average
$0.297
3500.00
$378.40
$0.19
$656.40
$2,200.64
$550.01
$2,750.65
13.77%
99%
Based on rented quota. ($.092/lb. X 3500 lbs. = $322 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$0.338
2808.83
$391.00
$0.20
$558.46
$688.20
$550.01
$1,238.21
31.58%
91
$0.283
3503.29
$339.00
$0.19
$652.02
$702.66
$550.01
$1,252.67
27.06%
92
$0.303
3705.05
$511.00
$0.17
$611.38
$717.01
$550.01
$1,267.02
40.33%
93
$0.310
3029.37
$335.00
$0.20
$603.91
$734.43
$550.01
$1,284.44
26.08%
94
$0.286
3859.90
$499.00
$0.16
$604.73
$751.37
$550.01
$1,301.38
38.34%
95
$0.295
3409.44
$372.00
$0.19
$634.26
$774.18
$550.01
$1,324.19
28.09%
96
$0.297
3690.97
$449.00
$0.18
$646.74
$818.30
$550.01
$1,368.31
32.81%
97
$0.272
3578.36
$329.00
$0.18
$637.42
$828.56
$550.01
$1,378.57
23.87%
98
$0.313
3808.28
$526.00
$0.18
$666.45
$853.25
$550.01
$1,403.26
37.48%
99
$0.272
3606.51
$318.00
$0.18
$662.94
$876.27
$550.01
$1,426.28
22.30%
Average
$0.297
3500.00
$406.90
$0.18
$627.83
$774.42
$550.01
$1,324.43
30.79%
99%
92
$0.303
3705.05
$518.00
$0.16
$604.94
$395.21
$550.01
$945.22
54.80%
93
$0.310
3029.37
$342.00
$0.20
$597.47
$412.43
$550.01
$962.44
35.53%
94
$0.286
3859.90
$506.00
$0.16
$598.29
$429.37
$550.01
$979.38
51.67%
95
$0.295
3409.44
$378.00
$0.18
$627.82
$452.18
$550.01
$1,002.19
37.72%
96
$0.297
3690.97
$456.00
$0.17
$640.30
$478.31
$550.01
$1,028.32
44.34%
97
$0.272
3578.36
$335.00
$0.18
$630.98
$506.56
$550.01
$1,056.57
31.71%
98
$0.313
3808.28
$532.00
$0.17
$660.01
$549.24
$550.01
$1,099.25
48.40%
99
$0.272
3606.51
$324.00
$0.18
$656.50
$554.27
$550.01
$1,104.28
29.34%
Average
$0.297
3500.00
$413.40
$0.18
$621.39
$452.44
$550.01
$1,002.45
41.40%
99%
95
$0.295
3409.44
$161.00
$0.25
96
$0.297
3690.97
$245.00
$0.23
97
$0.272
3578.36
$124.00
$0.24
98
$0.313
3808.28
$342.00
$0.22
99
$0.272
3606.51
$128.00
$0.24
Average
$0.297
3500.00
$196.50
$0.24
Based on no costs for quota.
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
90
$0.338
2808.83
$397.00
$0.20
$552.02
$366.20
$550.01
$916.21
43.33%
91
$0.283
3503.29
$346.00
$0.18
$645.58
$380.66
$550.01
$930.67
37.18%
Irrigated Peanuts
(inluding interest)
Based on purchased quota. ($.50/lb. X 3500 lbs. = $1750 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
90
$0.338
2808.83
$145.00
$0.29
91
$0.283
3503.29
$104.00
$0.25
92
$0.303
3705.05
$292.00
$0.22
93
$0.310
3029.37
$140.00
$0.26
94
$0.286
3859.90
$284.00
$0.21
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
$804.05
$2,116.20
$550.01
$2,666.21
5.44%
$887.84
$2,130.66
$550.01
$2,680.67
3.88%
$830.41
$2,145.21
$550.01
$2,695.22
10.83%
$798.86
$2,162.43
$550.01
$2,712.44
5.16%
$819.79
$2,179.37
$550.01
$2,729.38
10.41%
$845.24
$2,129.28
$550.01
$2,679.29
6.01%
$851.45
$2,228.31
$550.01
$2,778.32
8.82%
$842.01
$2,256.56
$550.01
$2,806.57
4.42%
$849.83
$2,281.25
$550.01
$2,831.26
12.08%
$852.97
$2,304.27
$550.01
$2,854.28
4.48%
$838.25
$2,193.35
$550.01
$2,743.36
7.15%
97%
Based on rented quota. ($.092/lb. X 3500 lbs. = $322 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$0.338
2808.83
$297.00
$0.23
$652.54
$688.20
$550.01
$1,238.21
23.99%
91
$0.283
3503.29
$248.00
$0.21
$743.04
$702.66
$550.01
$1,252.67
19.80%
92
$0.303
3705.05
$430.00
$0.19
$692.32
$717.01
$550.01
$1,267.02
33.94%
93
$0.310
3029.37
$263.00
$0.22
$676.20
$734.43
$550.01
$1,284.44
20.48%
94
$0.286
3859.90
$418.00
$0.18
$685.99
$751.37
$550.01
$1,301.38
32.12%
95
$0.295
3409.44
$287.00
$0.21
$718.44
$774.18
$550.01
$1,324.19
21.67%
96
$0.297
3690.97
$367.00
$0.20
$729.38
$818.30
$550.01
$1,368.31
26.82%
97
$0.272
3578.36
$247.00
$0.20
$719.06
$828.56
$550.01
$1,378.57
17.92%
98
$0.313
3808.28
$450.00
$0.19
$741.59
$853.25
$550.01
$1,403.26
32.07%
99
$0.272
3606.51
$240.00
$0.21
$740.58
$876.27
$550.01
$1,426.28
16.83%
Average
$0.297
3500.00
$324.70
$0.20
$709.91
$774.42
$550.01
$1,324.43
24.56%
99%
92
$0.303
3705.05
$461.00
$0.18
$661.18
$395.21
$550.01
$945.22
48.77%
93
$0.310
3029.37
$291.00
$0.21
$648.54
$412.43
$550.01
$962.44
30.24%
94
$0.286
3859.90
$448.00
$0.17
$655.82
$429.37
$550.01
$979.38
45.74%
95
$0.295
3409.44
$316.00
$0.20
$689.84
$452.18
$550.01
$1,002.19
31.53%
96
$0.297
3690.97
$395.00
$0.19
$701.33
$478.31
$550.01
$1,028.32
38.41%
97
$0.272
3578.36
$275.00
$0.19
$691.33
$506.56
$550.01
$1,056.57
26.03%
98
$0.313
3808.28
$475.00
$0.19
$717.18
$549.24
$550.01
$1,099.25
43.21%
99
$0.272
3606.51
$266.00
$0.20
$715.24
$554.27
$550.01
$1,104.28
24.09%
Average
$0.297
$3,500.00
$353.90
$0.20
$680.92
$452.44
$550.01
$1,002.45
35.43%
99%
95
$0.295
2370.63
$177.00
$0.22
$522.53
$1,738.68
10.18%
96
$0.297
2772.82
$299.00
$0.19
$524.50
$1,767.56
16.92%
97
$0.272
2611.94
$196.00
$0.20
$514.58
$1,796.81
10.91%
98
$0.313
2940.40
$369.00
$0.19
$551.54
$1,817.08
20.31%
99
$0.272
2652.16
$174.00
$0.21
$547.53
$1,847.52
9.42%
Average
$0.297
2500.00
$211.00
$0.22
$526.19
$1,736.10
12.08%
93%
95
$0.295
2370.63
$197.00
$0.21
96
$0.297
2772.82
$319.00
$0.18
97
$0.272
2611.94
$216.00
$0.19
98
$0.313
2940.40
$389.00
$0.18
99
$0.272
2652.16
$194.00
$0.20
Average
$0.297
2500.00
$231.00
$0.21
Based on no costs for quota.
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Dryland Peanuts
(excluding interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$0.338
2808.83
$331.00
$0.22
$618.37
$366.20
$550.01
$916.21
36.13%
91
$0.283
3503.29
$281.00
$0.20
$710.39
$380.66
$550.01
$930.67
30.19%
Dryland Peanuts were based on 100 planted acres.
Based on purchased quota. ($.50/lb. X 2500 lbs. = $1250 quota investment / acre)
90
$0.338
1512.62
$44.00
$0.31
$467.49
$1,645.45
2.67%
91
$0.283
2504.69
$154.00
$0.22
$555.10
$1,661.41
9.27%
92
$0.303
2792.93
$324.00
$0.19
$522.51
$1,676.96
19.32%
93
$0.310
1827.67
$54.00
$0.28
$512.64
$1,695.43
3.19%
94
$0.286
3014.14
$319.00
$0.18
$543.48
$1,714.12
18.61%
Based on rented quota. ($.092/lb. X 2500 lbs. = $230 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
90
$0.338
1512.62
$64.00
$0.30
91
$0.283
2504.69
$174.00
$0.21
92
$0.303
2792.93
$344.00
$0.18
93
$0.310
1827.67
$74.00
$0.27
94
$0.286
3014.14
$339.00
$0.17
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
$447.09
$625.45
10.23%
$534.70
$641.41
27.13%
$502.41
$656.96
52.36%
$492.24
$675.43
10.96%
$523.08
$694.12
48.84%
$502.13
$718.68
27.41%
$504.20
$747.56
42.67%
$494.25
$776.81
27.81%
$531.08
$797.08
48.80%
$527.05
$827.52
23.44%
$505.82
$716.10
31.97%
95%
92
$0.303
2792.93
$348.00
$0.18
$497.81
$426.96
81.51%
93
$0.310
1827.67
$79.00
$0.27
$487.64
$445.43
17.74%
94
$0.286
3014.14
$344.00
$0.17
$518.48
$464.12
74.12%
95
$0.295
2370.63
$202.00
$0.21
$497.53
$488.68
41.34%
96
$0.297
2772.82
$324.00
$0.18
$499.60
$517.56
62.60%
97
$0.272
2611.94
$221.00
$0.19
$489.65
$546.81
40.42%
98
$0.313
2940.40
$394.00
$0.18
$526.48
$567.08
69.48%
99
$0.272
2652.16
$199.00
$0.20
$522.45
$597.52
33.30%
Average
$0.297
2500.00
$235.90
$0.21
$501.22
$486.10
48.15%
99%
95
$0.295
2370.63
$46.00
$0.27
$649.96
$1,738.68
2.65%
96
$0.297
2772.82
$174.00
$0.23
$649.04
$1,767.56
9.84%
97
$0.272
2611.94
$73.00
$0.24
$637.58
$1,796.81
4.06%
98
$0.313
2940.40
$259.00
$0.22
$660.99
$1,817.08
14.25%
99
$0.272
2652.16
$60.00
$0.25
$661.83
$1,847.52
3.25%
Average
$0.297
2500.00
$84.20
$0.27
$652.49
$1,736.10
4.75%
73%
Based on no costs for quota.
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$0.338
1512.62
$69.00
$0.29
$442.49
$395.45
17.45%
91
$0.283
2504.69
$179.00
$0.21
$530.10
$411.41
43.51%
Dryland Peanuts
(including interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Based on purchased quota. ($.50/lb. X 2500 lbs. = $1250 quota investment / acre)
90
$0.338
1512.62
($106.00)
$0.41
$617.09
$1,645.45
-6.44%
91
$0.283
2504.69
$15.00
$0.28
$694.04
$1,661.41
0.90%
92
$0.303
2792.93
$193.00
$0.23
$653.53
$1,676.96
11.51%
93
$0.310
1827.67
($61.00)
$0.34
$627.94
$1,695.43
-3.60%
94
$0.286
3014.14
$189.00
$0.22
$672.87
$1,714.12
11.03%
Based on rented quota. ($.092/lb. X 2500 lbs. = $230 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$0.338
1512.62
$2.00
$0.34
$508.87
$625.45
0.32%
91
$0.283
2504.69
$118.00
$0.24
$590.61
$641.41
18.40%
92
$0.303
2792.93
$291.00
$0.20
$555.20
$656.96
44.29%
93
$0.310
1827.67
$26.00
$0.30
$540.32
$675.43
3.85%
94
$0.286
3014.14
$285.00
$0.19
$577.30
$694.12
41.06%
95
$0.295
2370.63
$140.00
$0.24
$559.38
$718.68
19.48%
96
$0.297
2772.82
$263.00
$0.20
$560.20
$747.56
35.18%
97
$0.272
2611.94
$161.00
$0.21
$549.75
$776.81
20.73%
98
$0.313
2940.40
$337.00
$0.20
$583.67
$797.08
42.28%
99
$0.272
2652.16
$140.00
$0.22
$581.55
$827.52
16.92%
Average
$0.297
2500.00
$176.30
$0.23
$560.69
$716.10
24.25%
89%
92
$0.303
2792.93
$313.00
$0.19
$532.96
$426.96
73.31%
93
$0.310
1827.67
$46.00
$0.28
$520.56
$445.43
10.33%
94
$0.286
3014.14
$306.00
$0.18
$555.75
$464.12
65.93%
95
$0.295
2370.63
$160.00
$0.23
$538.96
$488.68
32.74%
96
$0.297
2772.82
$283.00
$0.19
$540.17
$517.56
54.68%
97
$0.272
2611.94
$180.00
$0.20
$529.95
$546.81
32.92%
98
$0.313
2940.40
$354.00
$0.19
$566.24
$567.08
62.43%
99
$0.272
2652.16
$158.00
$0.21
$563.45
$597.52
26.44%
Average
$0.297
2500.00
$196.90
$0.22
$539.98
$486.10
40.01%
99%
Based on no costs for quota.
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$0.338
1512.62
$27.00
$0.32
$484.46
$395.45
6.83%
91
$0.283
2504.69
$142.00
$0.23
$567.29
$411.41
34.52%
Irrigated Cotton
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Irrigated cotton costs were based on 200 planted acres with an irrigation system based on 150 acres.
90
$0.762
881.07
$256.00
$0.47
$415.40
$833.62
$550.01
$1,383.62
18.50%
91
$0.651
1134.72
$244.00
$0.44
$494.58
$840.33
$550.01
$1,390.34
17.55%
92
$0.663
1106.10
$297.00
$0.39
$436.16
$847.21
$550.01
$1,397.21
21.26%
93
$0.795
911.67
$304.00
$0.46
$421.08
$868.86
$550.01
$1,418.87
21.43%
94
$0.747
1165.32
$386.00
$0.42
$484.37
$853.04
$550.01
$1,403.05
27.51%
95
$0.766
950.16
$242.00
$0.51
$485.37
$909.97
$550.01
$1,459.97
16.58%
96
$0.705
1070.57
$246.00
$0.47
$508.38
$955.51
$550.01
$1,505.51
16.34%
97
$0.703
970.88
$154.00
$0.54
$528.76
$975.41
$550.01
$1,525.42
10.10%
98
$0.723
903.77
$123.00
$0.59
$530.45
$995.28
$550.01
$1,545.28
7.96%
99
$0.567
905.74
($38.00)
$0.61
$551.48
$1,036.23
$550.01
$1,586.24
-2.40%
Average
$0.708
1000.00
$221.40
$0.49
$485.60
$911.54
$550.01
$1,461.55
15.48%
99%
92
$0.66
1106.10
$227.00
$0.46
$506.25
$847.21
$550.01
$1,397.21
16.25%
93
$0.80
911.67
$242.00
$0.53
$482.78
$868.86
$550.01
$1,418.87
17.06%
94
$0.75
1165.32
$316.00
$0.48
$554.57
$853.04
$550.01
$1,403.05
22.52%
95
$0.77
950.16
$170.00
$0.59
$557.32
$909.97
$550.01
$1,459.97
11.64%
96
$0.71
1070.57
$173.00
$0.54
$581.59
$955.51
$550.01
$1,505.51
11.49%
97
$0.70
970.88
$80.00
$0.62
$602.41
$975.41
$550.01
$1,525.42
5.24%
98
$0.72
903.77
$57.00
$0.66
$596.49
$995.28
$550.01
$1,545.28
3.69%
99
$0.57
905.74
($107.00)
$0.69
$620.63
$1,036.23
$550.01
$1,586.24
-6.75%
Average
$0.71
1000.00
$148.70
$0.57
$558.24
$911.54
$550.01
$1,461.55
10.49%
97%
(including interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Dryland Cotton
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$0.76
881.07
$163.00
$0.58
$508.14
$833.62
$550.01
$1,383.62
11.78%
91
$0.65
1134.72
$166.00
$0.50
$572.21
$840.33
$550.01
$1,390.34
11.94%
Dryland cotton costs were based on 200 planted acres.
90
$0.762
495.39
$64.00
$0.63
$313.69
$848.95
7.54%
91
$0.651
825.14
$172.00
$0.44
$364.82
$856.32
20.09%
92
$0.663
787.93
$197.00
$0.41
$325.40
$863.50
22.81%
93
$0.795
535.17
$116.00
$0.58
$309.66
$885.74
13.10%
94
$0.747
864.91
$277.00
$0.43
$368.66
$870.43
31.82%
95
$0.766
585.21
$77.00
$0.63
$371.35
$927.91
8.30%
96
$0.705
741.74
$134.00
$0.52
$388.56
$973.87
13.76%
97
$0.703
612.15
$22.00
$0.67
$408.46
$994.53
2.21%
98
$0.723
524.90
($39.00)
$0.80
$418.30
$1,014.89
-3.84%
99
$0.567
527.47
($135.00)
$0.82
$434.28
$1,056.36
-12.78%
Average
$0.708
650.00
$88.50
$0.59
$370.32
$929.25
10.30%
90%
92
$0.663
787.93
$149.00
$0.47
$313.20
$863.50
17.26%
93
$0.795
535.17
$73.00
$0.66
$352.20
$885.74
8.24%
94
$0.747
864.91
$229.00
$0.48
$417.22
$870.43
26.31%
95
$0.766
585.21
$26.00
$0.72
$422.53
$927.91
2.80%
96
$0.705
741.74
$76.00
$0.60
$447.33
$973.87
7.80%
97
$0.703
612.15
($31.00)
$0.75
$461.67
$994.53
-3.12%
98
$0.723
524.90
($83.00)
$0.88
$462.62
$1,014.89
-8.18%
99
$0.567
527.47
($187.00)
$0.92
$485.62
$1,056.36
-17.70%
Average
$0.708
650.00
$37.80
$0.67
$415.04
$929.25
4.81%
71%
(including interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Irrigated Soybeans
90
$0.762
495.39
$7.00
$0.75
$370.15
$848.95
0.82%
91
$0.651
825.14
$119.00
$0.51
$417.83
$856.32
13.90%
Irrigated soybeans were based on 200 planted acres with an irrigation system based on 150 acres.
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$5.74
22.62
($83.00)
$9.42
$213.02
$226.46
$550.01
$776.47
-10.69%
91
$5.53
58.48
$102.00
$3.79
$221.57
$233.62
$550.01
$783.63
13.02%
92
$5.49
64.00
$138.00
$3.34
$213.75
$242.45
$550.01
$792.45
17.41%
93
$6.52
30.90
($13.00)
$6.93
$214.25
$259.49
$550.01
$809.49
-1.61%
94
$5.37
69.52
$146.00
$3.26
$226.91
$265.51
$550.01
$815.52
17.90%
95
$6.71
60.92
$185.00
$3.68
$224.07
$280.70
$550.01
$830.70
22.27%
96
$6.87
58.05
$168.00
$3.98
$230.81
$299.38
$550.01
$849.38
19.78%
97
$6.75
43.68
$63.00
$5.32
$232.30
$329.75
$550.01
$879.76
7.16%
98
$5.25
43.68
($9.00)
$5.45
$237.84
$341.92
$550.01
$891.93
-1.01%
99
$5.33
37.93
($35.00)
$6.26
$237.31
$347.98
$550.01
$897.98
-3.90%
Average
$5.96
48.98
$66.20
$5.14
$225.18
$282.72
$550.01
$832.73
8.03%
76%
92
$5.49
64.00
$100.00
$3.93
$251.76
$242.45
$550.01
$792.45
12.62%
93
$6.52
30.90
($47.00)
$8.03
$248.17
$259.49
$550.01
$809.49
-5.81%
94
$5.37
69.52
$107.00
$3.82
$265.82
$265.51
$550.01
$815.52
13.12%
95
$6.71
60.92
$146.00
$4.31
$262.65
$280.70
$550.01
$830.70
17.58%
96
$6.87
58.05
$130.00
$4.64
$269.19
$299.38
$550.01
$849.38
15.31%
97
$6.75
43.68
$24.00
$6.20
$271.02
$329.75
$550.01
$879.76
2.73%
98
$5.25
43.68
($43.00)
$6.24
$272.68
$341.92
$550.01
$891.93
-4.82%
99
$5.33
37.93
($71.00)
$7.21
$273.38
$347.98
$550.01
$897.98
-7.91%
Average
$5.96
48.98
$27.90
$6.02
$263.47
$282.72
$550.01
$832.73
3.41%
58%
(including interest)
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Dryland Soybeans
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$5.74
22.62
($127.00)
$11.36
$256.87
$226.46
$550.01
$776.47
-16.36%
91
$5.53
58.48
$60.00
$4.50
$263.18
$233.62
$550.01
$783.63
7.66%
Dryland soybeans were based on 200 planted acres.
90
$5.74
14.14
($54.00)
$9.59
$135.61
$226.46
-23.85%
91
$5.53
36.55
$59.00
$3.91
$142.89
$246.86
23.90%
92
$5.49
40.00
$83.00
$3.42
$136.97
$240.61
34.50%
93
$6.52
19.31
($11.00)
$7.10
$137.16
$257.57
-4.27%
94
$5.37
43.45
$81.00
$3.50
$151.97
$263.51
30.74%
95
$6.71
36.55
$95.00
$4.10
$149.89
$278.62
34.10%
96
$6.87
34.83
$86.00
$4.40
$153.16
$297.22
28.94%
97
$6.75
26.21
$23.00
$5.87
$153.71
$327.51
7.02%
98
$5.25
26.21
($22.00)
$6.08
$159.24
$339.60
-6.48%
99
$5.33
22.76
($22.00)
$6.30
$143.43
$345.58
-6.37%
Average
$5.96
30.00
$31.80
$5.43
$146.40
$282.35
11.82%
74%
92
$5.49
40.00
$67.00
$3.81
$152.54
$240.61
27.85%
93
$6.52
19.31
($26.00)
$7.85
$151.65
$257.57
-10.09%
94
$5.37
43.45
$64.00
$3.89
$169.20
$263.51
24.29%
95
$6.71
36.55
$78.00
$4.58
$167.43
$278.62
28.00%
96
$6.87
34.83
$68.00
$4.92
$171.37
$297.22
22.88%
97
$6.75
26.21
$4.00
$6.59
$172.62
$327.51
1.22%
98
$5.25
26.21
($39.00)
$6.75
$176.97
$339.60
-11.48%
99
$5.33
22.76
($40.00)
$7.07
$160.92
$345.58
-11.57%
Average
$5.96
30.00
$14.50
$6.07
$163.68
$282.35
5.59%
61%
(including interest)
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Irrigated Corn
90
$5.74
14.14
($73.00)
$10.88
$153.78
$226.46
-32.24%
91
$5.53
36.55
$42.00
$4.39
$160.31
$246.86
17.01%
Irrigated Corn was based on 200 planted acres with an irrigation system based on 150 acres.
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$3.40
123.75
$77.00
$2.78
$344.01
$290.98
$550.01
$840.99
9.16%
91
$2.97
158.46
$87.00
$2.42
$383.77
$301.44
$550.01
$851.44
10.22%
92
$2.59
158.46
$54.00
$2.25
$356.78
$313.74
$550.01
$863.74
6.25%
93
$3.57
125.92
$109.00
$2.73
$344.20
$335.37
$550.01
$885.38
12.31%
94
$2.69
164.97
$76.00
$2.23
$368.06
$344.35
$550.01
$894.36
8.50%
95
$3.55
147.61
$158.00
$2.48
$365.98
$364.17
$550.01
$914.18
17.28%
96
$3.58
153.04
$179.00
$2.41
$369.36
$387.53
$550.01
$937.53
19.09%
97
$2.90
163.88
$86.00
$2.38
$389.70
$424.38
$550.01
$974.38
8.83%
98
$2.26
142.19
($57.00)
$2.65
$377.41
$440.42
$550.01
$990.43
-5.76%
99
$2.43
188.67
$62.00
$2.10
$396.01
$449.75
$550.01
$999.76
6.20%
Average
$2.99
152.70
$83.10
$2.44
$369.53
$365.21
$550.01
$915.22
9.21%
90%
92
$2.59
158.46
$10.00
$2.53
$401.03
$313.74
$550.01
$863.74
1.16%
93
$3.57
125.92
$65.00
$3.05
$383.92
$335.37
$550.01
$885.38
7.34%
94
$2.69
164.97
$31.00
$2.51
$413.55
$344.35
$550.01
$894.36
3.47%
95
$3.55
147.61
$112.00
$2.79
$412.00
$364.17
$550.01
$914.18
12.25%
96
$3.58
153.04
$133.00
$2.71
$414.80
$387.53
$550.01
$937.53
14.19%
97
$2.90
163.88
$39.00
$2.66
$436.33
$424.38
$550.01
$974.38
4.00%
98
$2.26
142.19
($99.00)
$2.95
$419.33
$440.42
$550.01
$990.43
-10.00%
99
$2.43
188.67
$19.00
$2.33
$439.43
$449.75
$550.01
$999.76
1.90%
Average
$2.99
152.70
$37.20
$2.75
$414.97
$365.21
$550.01
$915.22
4.16%
72%
92
$2.59
66.77
($3.00)
$2.64
$176.53
$294.78
-1.02%
93
$3.57
40.74
($24.00)
$4.15
$169.02
$314.65
-7.63%
94
$2.69
89.97
$49.00
$2.15
$193.75
$323.51
15.15%
95
$3.55
72.61
$67.00
$2.62
$190.48
$341.53
19.62%
96
$3.58
78.04
$83.00
$2.51
$195.98
$363.05
22.86%
97
$2.90
88.88
$45.00
$2.39
$212.33
$396.26
11.36%
98
$2.26
67.19
($50.00)
$3.00
$201.26
$411.26
-12.16%
99
$2.43
86.71
$3.00
$2.39
$207.44
$420.15
0.71%
Average
$2.99
69.67
$15.30
$2.88
$189.42
$342.14
4.25%
62%
92
$2.59
66.77
($22.00)
$2.92
$194.93
$294.78
-7.46%
93
$3.57
40.74
($41.00)
$4.57
$186.15
$314.65
-13.03%
94
$2.69
89.97
$29.00
$2.38
$213.71
$323.51
8.96%
95
$3.55
72.61
$46.00
$2.91
$211.41
$341.53
13.47%
96
$3.58
78.04
$62.00
$2.78
$217.13
$363.05
17.08%
97
$2.90
88.88
$23.00
$2.64
$234.80
$396.26
5.80%
98
$2.26
67.19
($71.00)
$3.30
$221.86
$411.26
-17.26%
99
$2.43
86.71
($18.00)
$2.64
$228.73
$420.15
-4.28%
Average
$2.99
69.67
($5.00)
$3.19
$209.78
$342.14
-1.79%
44%
93
94
95
96
97
98
99
Average
(including interest)
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Dryland Corn
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$3.40
123.75
$25.00
$3.20
$395.80
$290.98
$550.01
$840.99
2.97%
91
$2.97
158.46
$37.00
$2.74
$433.48
$301.44
$550.01
$851.44
4.35%
Dryland corn was based on 200 planted acres.
90
$3.40
39.00
($30.00)
$4.16
$162.39
$273.12
-10.98%
91
$2.97
66.77
$13.00
$2.77
$184.99
$283.12
4.59%
(including interest)
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Dryland Wheat
90
$3.40
39.00
($51.00)
$4.71
$183.57
$273.12
-18.67%
91
$2.97
66.77
($7.00)
$3.08
$205.51
$283.12
-2.47%
Dryland wheat was based on 200 planted acres.
90
91
92
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
$3.90
35
$25.00
$3.19
$111.69
$206.97
12.08%
$3.45
33
($13.00)
$3.84
$126.69
$212.50
-6.12%
$3.86
46
$60.00
$2.55
$117.35
$219.85
27.29%
$4.53
38
$50.00
$3.22
$122.55
$235.91
21.19%
$3.49
51
$48.00
$2.54
$129.67
$240.58
19.95%
$3.39
38
($3.00)
$3.47
$132.01
$254.68
-1.18%
$4.38
48
$72.00
$2.87
$137.98
$270.79
26.59%
$3.20
44
($6.00)
$3.34
$146.87
$300.31
-2.00%
$2.71
43
($36.00)
$3.54
$152.33
$310.57
-11.59%
$2.83
43
($30.00)
$3.53
$157.71
$315.73
-9.50%
$3.57
41.9
$16.70
$3.21
$133.49
$256.79
7.67%
76%
92
$3.86
46
$46.00
$2.85
$131.26
$219.85
20.92%
93
$4.53
38
$37.00
$3.57
$135.65
$235.91
15.68%
94
$3.49
51
$33.00
$2.84
$145.00
$240.58
13.72%
95
$3.39
38
($19.00)
$3.90
$148.15
$254.68
-7.46%
96
$4.38
48
$56.00
$3.22
$154.44
$270.79
20.68%
97
$3.20
44
($24.00)
$3.74
$164.45
$300.31
-7.99%
98
$2.71
43
($52.00)
$3.93
$168.82
$310.57
-16.74%
99
$2.83
43
($47.00)
$3.92
$168.67
$315.73
-14.89%
Average
$3.57
41.9
$1.00
$3.59
$148.65
$256.79
1.46%
52%
95
$1.76
2000
$719.00
$1.40
$2,799.12
$11,438.60
$520.02
$11,958.62
6.01%
96
$1.81
2470
$1,696.00
$1.13
$2,782.21
$11,487.09
$520.02
$12,007.11
14.12%
97
$1.71
2075
$679.00
$1.38
$2,873.82
$11,550.63
$520.02
$12,070.65
5.63%
98
$1.71
2200
$662.00
$1.39
$2,890.01
$11,599.46
$520.02
$12,119.48
5.46%
99
$1.69
1940
$360.00
$1.50
$2,909.28
$11,649.03
$520.02
$12,169.05
2.96%
Average
$1.71
2183
$977.00
$1.27
$2,727.11
$11,416.21
$520.02
$11,936.23
8.21%
99%
(including interest)
Price Received / bu.
Yield
Net Return
Total Cost / bu.
Total Cost / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Hand Harvested Tobacco
(excluding interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$3.90
35
$9.00
$3.65
$127.64
$206.97
4.35%
91
$3.45
33
($29.00)
$4.32
$142.43
$212.50
-13.65%
Hand harvested tobacco was based on 35 planted acres with an irrigation system of 50 acres.
Based on purchased quota. ($3.75/lb. X 2200 lbs. = $8250 quota investment / acre)
90
$1.68
2415
$1,566.00
$1.03
$2,498.67
$11,187.77
$520.02
$11,707.79
13.38%
91
$1.69
2015
$767.00
$1.31
$2,646.42
$11,237.94
$520.02
$11,757.96
6.52%
92
$1.69
2295
$1,328.00
$1.11
$2,555.49
$11,282.51
$520.02
$11,802.53
11.25%
93
$1.65
2240
$1,087.00
$1.17
$2,615.95
$11,337.97
$520.02
$11,857.99
9.17%
94
$1.65
2180
$906.00
$1.24
$2,700.17
$11,391.09
$520.02
$11,911.11
7.61%
Based on rented quota. ($.40/lb. X 2200 lbs. = $880 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$1.68
2415
$1,713.00
$0.97
$2,351.27
$3,817.77
$520.02
$4,337.79
39.49%
91
$1.69
2015
$914.00
$1.24
$2,499.02
$3,867.94
$520.02
$4,387.96
20.83%
92
$1.69
2295
$1,475.00
$1.05
$2,408.09
$3,912.51
$520.02
$4,432.53
33.28%
93
$1.65
2240
$1,234.00
$1.10
$2,468.55
$3,967.97
$520.02
$4,487.99
27.50%
94
$1.65
2180
$1,053.00
$1.17
$2,552.77
$4,021.09
$520.02
$4,541.11
23.19%
95
$1.76
2000
$866.00
$1.33
$2,651.72
$4,068.60
$520.02
$4,588.62
18.87%
96
$1.81
2470
$1,843.00
$1.07
$2,634.81
$4,117.09
$520.02
$4,637.11
39.74%
97
$1.71
2075
$826.00
$1.31
$2,726.42
$4,180.63
$520.02
$4,700.65
17.57%
98
$1.71
2200
$810.00
$1.32
$2,742.61
$4,229.46
$520.02
$4,749.48
17.05%
99
$1.69
1940
$507.00
$1.42
$2,761.88
$4,279.03
$520.02
$4,799.05
10.56%
Average
$1.71
2183
$1,124.10
$1.20
$2,579.71
$4,046.21
$520.02
$4,566.23
24.81%
99%
92
93
94
95
96
97
98
99
Average
Based on no costs for quota.
90
91
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
$1.68
2415
$1,731.00
$0.97
$2,333.67
$2,937.77
$520.02
$3,457.79
50.06%
$1.69
2015
$932.00
$1.23
$2,481.42
$2,987.94
$520.02
$3,507.96
26.57%
$1.69
2295
$1,493.00
$1.04
$2,390.49
$3,032.51
$520.02
$3,552.53
42.03%
$1.65
2240
$1,252.00
$1.09
$2,450.95
$3,087.97
$520.02
$3,607.99
34.70%
$1.65
2180
$1,071.00
$1.16
$2,535.17
$3,141.09
$520.02
$3,661.11
29.25%
Hand Harvested Tobacco
Based on purchased quota. ($3.75/lb. X 2200 lbs. = $8250 quota investment / acre)
$1.76
2000
$884.00
$1.32
$2,634.12
$3,188.60
$520.02
$3,708.62
23.84%
$1.81
2470
$1,861.00
$1.06
$2,617.21
$3,237.09
$520.02
$3,757.11
49.53%
$1.71
2075
$844.00
$1.31
$2,708.82
$3,300.63
$520.02
$3,820.65
22.09%
$1.71
2200
$827.00
$1.31
$2,725.01
$3,349.46
$520.02
$3,869.48
21.37%
$1.69
1940
$525.00
$1.41
$2,744.28
$3,399.03
$520.02
$3,919.05
13.40%
$1.71
2183
$1,142.00
$1.19
$2,562.11
$3,166.21
$520.02
$3,686.23
31.28%
99%
95
$1.76
2000
($34.00)
$1.78
$3,551.67
$11,438.60
$520.02
$11,958.62
-0.28%
96
$1.81
2470
$824.00
$1.42
$3,695.71
$11,487.09
$520.02
$12,007.11
6.86%
97
$1.71
2075
($52.00)
$1.74
$3,604.09
$11,550.63
$520.02
$12,070.65
-0.43%
98
$1.71
2200
$36.00
$1.69
$3,515.99
$11,599.46
$520.02
$12,119.48
0.30%
99
$1.69
1940
($296.00)
$1.84
$3,564.92
$11,649.03
$520.02
$12,169.05
-2.43%
Average
$1.71
2183
$204.30
$1.62
$3,503.63
$11,416.21
$520.02
$11,936.23
1.73%
87%
(including interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$1.68
2415
$650.00
$1.41
$3,414.19
$11,187.77
$520.02
$11,707.79
5.55%
91
$1.69
2015
($99.00)
$1.74
$3,512.64
$11,237.94
$520.02
$11,757.96
-0.84%
92
$1.69
2295
$517.00
$1.47
$3,366.24
$11,282.51
$520.02
$11,802.53
4.38%
93
$1.65
2240
$383.00
$1.48
$3,319.43
$11,337.97
$520.02
$11,857.99
3.23%
94
$1.65
2180
$114.00
$1.60
$3,491.37
$11,391.09
$520.02
$11,911.11
0.96%
Based on rented quota. ($.40/lb. X 2200 lbs. = $880 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$1.68
2415
1432
1.09
2632.23
$3,817.77
$520.02
$4,337.79
33.01%
91
$1.69
2015
648
1.37
2765.32
$3,867.94
$520.02
$4,387.96
14.77%
92
$1.69
2295
1230
1.16
2653.57
$3,912.51
$520.02
$4,432.53
27.75%
93
$1.65
2240
1016
1.2
2686.35
$3,967.97
$520.02
$4,487.99
22.64%
94
$1.65
2180
805
1.28
2800.8
$4,021.09
$520.02
$4,541.11
17.73%
95
$1.76
2000
621
1.45
2897.21
$4,068.60
$520.02
$4,588.62
13.53%
96
$1.81
2470
1602
1.16
2876.08
$4,117.09
$520.02
$4,637.11
34.55%
97
$1.71
2075
583
1.43
2969.53
$4,180.63
$520.02
$4,700.65
12.40%
98
$1.71
2200
595
1.43
2957.34
$4,229.46
$520.02
$4,749.48
12.53%
99
$1.69
1940
284
1.54
2984.9
$4,279.03
$520.02
$4,799.05
5.92%
Average
$1.71
2183
$881.60
$1.31
$2,822.33
$4,046.21
$520.02
$4,566.23
19.48%
99%
92
$1.69
2295
$1,315.00
$1.12
$2,568.47
$3,032.51
$520.02
$3,552.53
37.02%
93
$1.65
2240
$1,092.00
$1.17
$2,610.76
$3,087.97
$520.02
$3,607.99
30.27%
94
$1.65
2180
$887.00
$1.25
$2,718.35
$3,141.09
$520.02
$3,661.11
24.23%
95
$1.76
2000
$699.00
$1.41
$2,819.07
$3,188.60
$520.02
$3,708.62
18.85%
96
$1.81
2470
$1,679.00
$1.13
$2,799.43
$3,237.09
$520.02
$3,757.11
44.69%
97
$1.71
2075
$659.00
$1.39
$2,893.77
$3,300.63
$520.02
$3,820.65
17.25%
98
$1.71
2200
$662.00
$1.39
$2,890.64
$3,349.46
$520.02
$3,869.48
17.11%
99
$1.69
1940
$353.00
$1.50
$2,915.64
$3,399.03
$520.02
$3,919.05
9.01%
Average
$1.71
2183
$960.90
$1.27
$2,743.11
$3,166.21
$520.02
$3,686.23
26.36%
99%
Based on no costs for quota.
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Mech. Harvested Tobacco
90
$1.68
2415
$1,526.00
$1.05
$2,538.86
$2,937.77
$520.02
$3,457.79
44.13%
91
$1.69
2015
$737.00
$1.33
$2,676.09
$2,987.94
$520.02
$3,507.96
21.01%
Mechanically harvested tobacco was based on 30 planted acres with an irrigation system based on 50 acres.
(excluding interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Based on purchased quota. ($3.75/lb. X 2200 lbs. = $8250 quota investment / acre)
90
$1.68
2415
$1,614.00
$1.01
$2,450.82
$13,958.00
$520.02
$14,478.02
11.15%
91
$1.69
2015
$809.00
$1.29
$2,604.70
$14,110.97
$520.02
$14,630.99
5.53%
92
$1.69
2295
$1,343.00
$1.11
$2,540.01
$14,257.40
$520.02
$14,777.42
9.09%
93
$1.65
2240
$1,111.00
$1.16
$2,591.36
$14,416.53
$520.02
$14,936.55
7.44%
94
$1.65
2180
$1,151.00
$1.23
$2,683.42
$14,572.93
$520.02
$15,092.95
7.63%
95
$1.76
2000
$732.00
$1.39
$2,786.42
$14,722.80
$520.02
$15,242.82
4.80%
96
$1.81
2470
$1,731.00
$1.13
$2,788.90
$14,873.80
$520.02
$15,393.82
11.24%
97
$1.71
2075
$700.00
$1.37
$2,852.57
$15,042.37
$520.02
$15,562.39
4.50%
98
$1.71
2200
$877.00
$1.31
$2,880.24
$15,193.77
$520.02
$15,713.79
5.58%
99
$1.69
1940
$380.00
$1.49
$2,888.71
$15,346.03
$520.02
$15,866.05
2.40%
Average
$1.71
2183
$1,044.80
$1.25
$2,706.72
$14,649.46
$520.02
$15,169.48
6.94%
99%
Based on rented quota. ($.40/lb. X 2200 lbs. = $880 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$1.68
2415
$1,786.00
$0.94
$2,278.85
$5,359.67
$520.02
$5,879.69
30.38%
91
$1.69
2015
$981.00
$1.21
$2,432.74
$5,512.63
$520.02
$6,032.65
16.26%
92
$1.69
2295
$1,515.00
$1.03
$2,368.05
$5,659.07
$520.02
$6,179.09
24.52%
93
$1.65
2240
$1,283.00
$1.08
$2,419.39
$5,818.20
$520.02
$6,338.22
20.24%
94
$1.65
2180
$1,323.00
$1.15
$2,511.45
$5,974.60
$520.02
$6,494.62
20.37%
95
$1.76
2000
$904.00
$1.31
$2,614.45
$6,124.47
$520.02
$6,644.49
13.61%
96
$1.81
2470
$1,903.00
$1.06
$2,616.93
$6,275.47
$520.02
$6,795.49
28.00%
97
$1.71
2075
$872.00
$1.29
$2,680.60
$6,444.03
$520.02
$6,964.05
12.52%
98
$1.71
2200
$1,049.00
$1.23
$2,708.27
$6,595.43
$520.02
$7,115.45
14.74%
99
$1.69
1940
$552.00
$1.40
$2,716.75
$6,747.70
$520.02
$7,267.72
7.60%
Average
$1.71
2183
$1,216.80
$1.17
$2,534.75
$6,051.13
$520.02
$6,571.15
18.82%
99%
92
$1.69
2295
$1,536.00
$1.02
$2,347.51
$4,632.40
$520.02
$5,152.42
29.81%
93
$1.65
2240
$1,304.00
$1.07
$2,398.86
$4,791.53
$520.02
$5,311.55
24.55%
94
$1.65
2180
$1,344.00
$1.14
$2,490.92
$4,947.93
$520.02
$5,467.95
24.58%
95
$1.76
2000
$924.00
$1.30
$2,593.92
$5,097.80
$520.02
$5,617.82
16.45%
96
$1.81
2470
$1,924.00
$1.05
$2,596.40
$5,248.80
$520.02
$5,768.82
33.35%
97
$1.71
2075
$892.00
$1.28
$2,660.07
$5,417.37
$520.02
$5,937.39
15.02%
98
$1.71
2200
$1,070.00
$1.22
$2,687.74
$5,568.77
$520.02
$6,088.79
17.57%
99
$1.69
1940
$573.00
$1.39
$2,696.21
$5,721.03
$520.02
$6,241.05
9.18%
Average
$1.71
2183
$1,237.40
$1.16
$2,514.22
$5,024.46
$520.02
$5,544.48
22.77%
99%
95
$1.76
2000
($192.00)
$1.86
$3,710.08
$14,722.80
$520.02
$15,242.82
-1.26%
96
$1.81
2470
$824.00
$1.50
$3,695.71
$14,873.80
$520.02
$15,393.82
5.35%
97
$1.71
2075
($201.00)
$1.81
$3,753.44
$15,042.37
$520.02
$15,562.39
-1.29%
98
$1.71
2200
$102.00
$1.66
$3,644.39
$15,193.77
$520.02
$15,713.79
0.65%
99
$1.69
1940
($436.00)
$1.91
$3,704.89
$15,346.03
$520.02
$15,866.05
-2.75%
Average
$1.71
2183
$115.70
$1.68
$3,634.71
$14,649.46
$520.02
$15,169.48
0.79%
68%
Based on no costs for quota.
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Mech. Harvested Tobacco
90
$1.68
2415
$1,806.00
$0.94
$2,258.32
$4,333.00
$520.02
$4,853.02
37.21%
91
$1.69
2015
$1,001.00
$1.20
$2,412.20
$4,485.97
$520.02
$5,005.99
20.00%
Based on purchased quota. ($3.75/lb. X 2200 lbs. = $8250 quota investment / acre)
(including interest)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$1.68
2415
$511.00
$1.47
$3,553.93
$13,958.00
$520.02
$14,478.02
3.53%
91
$1.69
2015
($240.00)
$1.81
$3,653.30
$14,110.97
$520.02
$14,630.99
-1.64%
92
$1.69
2295
$356.00
$1.54
$3,527.30
$14,257.40
$520.02
$14,777.42
2.41%
93
$1.65
2240
$252.00
$1.54
$3,450.61
$14,416.53
$520.02
$14,936.55
1.69%
94
$1.65
2180
$181.00
$1.68
$3,653.40
$14,572.93
$520.02
$15,092.95
1.20%
Based on rented quota. ($.40/lb. X 2200 lbs. = $880 quota investment / acre)
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
90
$1.68
2415
1432
1.009
2632.23
$5,359.67
$520.02
$5,879.69
24.36%
91
$1.69
2015
632
1.38
2781.43
$5,512.63
$520.02
$6,032.65
10.48%
92
$1.69
2295
1187
1.17
2695.84
$5,659.07
$520.02
$6,179.09
19.21%
93
$1.65
2240
991
1.21
2712.02
$5,818.20
$520.02
$6,338.22
15.64%
94
$1.65
2180
987
1.31
2847.74
$5,974.60
$520.02
$6,494.62
15.20%
95
$1.76
2000
571
1.47
2946.55
$6,124.47
$520.02
$6,644.49
8.59%
96
$1.81
2470
1573
1.19
2946.79
$6,275.47
$520.02
$6,795.49
23.15%
97
$1.71
2075
539
1.45
3013.12
$6,444.03
$520.02
$6,964.05
7.74%
98
$1.71
2200
754
1.37
3003.63
$6,595.43
$520.02
$7,115.45
10.60%
99
$1.69
1940
241
1.56
3028.2
$6,747.70
$520.02
$7,267.72
3.32%
Average
$1.71
2183
$890.70
$1.31
$2,860.76
$6,051.13
$520.02
$6,571.15
13.83%
99%
92
$1.69
2295
$1,287.00
$1.13
$2,596.56
$4,632.40
$520.02
$5,152.42
24.98%
93
$1.65
2240
$1,079.00
$1.17
$2,623.83
$4,791.53
$520.02
$5,311.55
20.31%
94
$1.65
2180
$1,083.00
$1.26
$2,751.54
$4,947.93
$520.02
$5,467.95
19.81%
95
$1.76
2000
$663.00
$1.43
$2,855.38
$5,097.80
$520.02
$5,617.82
11.80%
96
$1.81
2470
$1,663.00
$1.16
$2,857.37
$5,248.80
$520.02
$5,768.82
28.83%
97
$1.71
2075
$628.00
$1.41
$2,924.73
$5,417.37
$520.02
$5,937.39
10.58%
98
$1.71
2200
$832.00
$1.33
$2,925.81
$5,568.77
$520.02
$6,088.79
13.66%
99
$1.69
1940
$321.00
$1.52
$2,947.40
$5,721.03
$520.02
$6,241.05
5.14%
Average
$1.71
2183
$982.40
$1.28
$2,769.27
$5,024.46
$520.02
$5,544.48
18.14%
99%
Based on no costs for quota.
Price Received / lb.
Yield
Net Return
Total Cost / lb.
Total Cost / Acre
Investment / Acre
Irrigation Investment / Acre
Total Investment / Acre
Return on Investment
Chance for Profit
Hogs
Price Received / cwt.
Net Return
Total Cost / cwt.
Total Cost
Total Investment
Return on Investment
Chance for Profit
90
$1.68
2415
$1,532.00
$1.05
$2,532.72
$4,333.00
$520.02
$4,853.02
31.57%
91
$1.69
2015
$736.00
$1.33
$2,677.33
$4,485.97
$520.02
$5,005.99
14.70%
Based on a farrow to finish 1200 sow enterprise with 19 pigs weaned per sow per year.
90
$53.00
$885,163.00
$37.28
$1,898,991.00
$2,112,112.00
41.91%
91
$47.90
$616,211.00
$37.30
$1,900,033.00
$2,087,142.00
29.52%
92
$37.80
$176,821.00
$35.50
$1,808,859.00
$2,037,693.00
8.68%
93
$43.50
$351,882.00
$37.95
$1,933,255.00
$2,065,600.00
17.04%
94
$39.30
$188,035.00
$36.83
$1,876,441.00
$2,045,037.00
9.19%
95
$39.70
($97,392.00)
$42.86
$2,182,880.00
$2,046,995.00
-4.76%
96
$49.00
$382,498.00
$43.03
$2,191,531.00
$2,092,528.00
18.28%
97
$48.60
$537,079.00
$39.57
$2,015,937.00
$2,090,570.00
25.69%
98
$29.10
($278,718.00)
$35.47
$1,807,375.00
$1,995,098.00
-13.97%
99
$31.00
($213,756.00)
$36.16
$1,842,223.00
$2,004,400.00
-10.66%
Average
$41.89
$254,782.30
$38.20
$1,945,752.50
$2,057,717.50
12.09%
70%
92
$37.80
$25,120.00
$38.48
$1,960,560.00
$2,037,693.00
1.23%
93
$43.50
$207,162.00
$40.79
$2,077,945.00
$2,065,600.00
10.03%
94
$39.30
$28,186.00
$39.96
$2,036,290.00
$2,045,037.00
1.38%
95
$39.70
($283,009.00)
$46.50
$2,368,498.00
$2,046,995.00
-13.83%
96
$49.00
$200,013.00
$46.61
$2,374,016.00
$2,092,528.00
9.56%
97
$48.60
$367,662.00
$42.90
$2,185,354.00
$2,090,570.00
17.59%
98
$29.10
($422,075.00)
$38.28
$1,950,733.00
$1,995,098.00
-21.16%
99
$31.00
($359,619.00)
$39.01
$1,988,086.00
$2,004,400.00
-17.94%
Average
$41.89
$87,024.30
$41.48
$2,113,507.60
$2,057,717.50
3.95%
51%
(including interest)
Price Received / cwt.
Net Return
Total Cost / cwt.
Total Cost
Total Investment
Return on Investment
Chance for Profit
Dairy
90
$53.00
$676,560.00
$41.37
$2,107,593.00
$2,112,112.00
32.03%
91
$47.90
$430,243.00
$40.94
$2,086,001.00
$2,087,142.00
20.61%
Based on 150 cows with calving intervals of 13.3 months
Price Received for milk / cwt.
Net Return
Total Cost / cwt.
Total Cost
Total Investment
Return on Investment
Chance for Profit
90
$15.80
$64,813.00
$13.18
$317,523.00
$920,705.00
7.04%
91
$13.70
$23,510.00
$12.80
$308,236.00
$920,705.00
2.55%
92
$15.10
$56,643.00
$12.82
$308,830.00
$920,705.00
6.15%
93
$14.70
$40,231.00
$13.10
$315,606.00
$920,705.00
4.37%
94
$14.90
$40,396.00
$13.29
$320,259.00
$920,705.00
4.39%
95
$14.30
$42,004.00
$12.63
$304,196.00
$920,705.00
4.56%
96
$16.30
$45,406.00
$14.49
$348,976.00
$920,705.00
4.93%
97
$14.70
$20,197.00
$13.93
$335,640.00
$920,705.00
2.19%
98
$16.60
$75,475.00
$13.54
$326,133.00
$920,705.00
8.20%
99
$17.83
$122,831.00
$12.80
$308,408.00
$920,705.00
13.34%
Average
$15.39
$53,150.60
$13.26
$319,380.70
$920,705.00
5.77%
94%
92
$15.10
$5,030.00
$14.96
$360,443.00
$920,705.00
0.55%
93
$14.70
($4,115.00)
$14.94
$359,951.00
$920,705.00
-0.45%
94
$14.90
($9,198.00)
$15.35
$369,853.00
$920,705.00
-1.00%
95
$14.30
($4,292.00)
$14.55
$350,493.00
$920,705.00
-0.47%
96
$16.30
$253.00
$16.36
$394,128.00
$920,705.00
0.03%
97
$14.70
($24,283.00)
$15.78
$380,119.00
$920,705.00
-2.64%
98
$16.60
$37,926.00
$15.10
$363,682.00
$920,705.00
4.12%
99
$17.83
$83,331.00
$14.44
$347,908.00
$920,705.00
9.05%
Average
$15.39
$6,026.20
$15.21
$366,505.00
$920,705.00
0.65%
58%
(including interest)
Price Received for milk / cwt.
Net Return
Total Cost / cwt.
Total Cost
Total Investment
Return on Investment
Chance for Profit
Cow- Calf
Price Received- steers 4-500 lb Md #1 / cwt.
Price Received- heifers 4-500 lb Md #1 / cwt.
Price Received- cull cows / cwt.
Net Return
Total Cost / cwt.
Total Cost / cow
Total Investment
Return on Investment
Chance for Profit
90
$15.80
$6,875.00
$15.59
$375,461.00
$920,705.00
0.75%
91
$13.70
($31,265.00)
$15.07
$363,012.00
$920,705.00
-3.40%
Based on 100 brood cows (North Georgia) with average weaning weights of 490 lbs. for steers and 440 lbs. for heifers.
90
$102.34
$90.44
$51.80
$15,148.00
$51.51
$165.69
$91,000.00
16.65%
91
$105.04
$94.47
$52.10
$14,771.00
$55.80
$179.51
$91,000.00
16.23%
92
$91.60
$81.98
$46.90
$10,011.00
$57.45
$184.82
$91,000.00
11.00%
93
$98.32
$86.71
$46.60
$13,360.00
$53.13
$170.93
$91,000.00
14.68%
94
$88.67
$77.94
$42.40
$8,545.00
$58.73
$188.93
$91,000.00
9.39%
95
$70.45
$61.54
$35.40
$1,406.00
$63.28
$203.57
$91,000.00
1.55%
96
$55.22
$46.01
$29.80
($4,712.00)
$66.97
$215.45
$91,000.00
-5.18%
97
$84.62
$72.63
$33.30
$3,946.00
$68.58
$220.63
$91,000.00
4.34%
98
$81.60
$69.99
$33.10
$2,707.00
$69.53
$223.69
$91,000.00
2.97%
99
$85.92
$75.73
$33.75
$4,292.00
$69.37
$223.17
$91,000.00
4.72%
Average
$86.38
$75.74
$40.52
$6,947.40
$61.44
$197.64
$91,000.00
7.63%
87%
(including interest)
90
91
92
93
94
95
96
97
98
99
Average
Price Received- steers 4-500 lb Md #1 / cwt.
Price Received- heifers 4-500 lb Md #1 / cwt.
Price Received- cull cows / cwt.
Net Return
Total Cost / cwt.
Total Cost / cow
Total Investment
Return on Investment
Chance for Profit
$102.34
$90.44
$51.80
$6,921.00
$77.08
$247.97
$91,000.00
7.61%
$105.04
$94.47
$52.10
$7,027.00
$79.87
$256.95
$91,000.00
7.72%
$91.60
$81.98
$46.90
$3,191.00
$78.65
$253.02
$91,000.00
3.51%
$98.32
$86.71
$46.60
$7,395.00
$71.68
$230.59
$91,000.00
8.13%
$88.67
$77.94
$42.40
$1,920.00
$79.32
$255.18
$91,000.00
2.11%
$70.45
$61.54
$35.40
($4,933.00)
$82.98
$266.95
$91,000.00
-5.42%
$55.22
$46.01
$29.80
($10,676.00)
$85.51
$275.09
$91,000.00
-11.73%
$84.62
$72.63
$33.30
($2,083.00)
$87.32
$280.09
$91,000.00
-2.29%
$81.60
$69.99
$33.10
($2,721.00)
$86.40
$277.96
$91,000.00
-2.99%
$85.92
$75.73
$33.75
($1,288.00)
$8,672.00
$278.98
$91,000.00
-1.42%
$86.38
$75.74
$40.52
$475.30
$940.08
$262.28
$91,000.00
0.52%
Broilers
Years 1990 - 1993 were based on a North Georgia contract broiler production unit.
Years 1994 - 1999 were based on a North East Georgia contract broiler production unit.
96
25,000
6
97
23,000
6
98
25,500
5.9
99
25,410
5.85
Average
23,965
$5.7500
House Capacity
Number of Batches
90
21,600
6
91
27,000
6
92
16,840
5
93
22,200
5
94
26,600
6
95
26,500
5.75
Bird Weight (lbs.)
Contract Payment / lb.
Net Return
Total Cost / Batch
Total Cost / lb.
Total Investment
Return on Investment
Chance for Profit
4
$0.0390
$3,915.00
$2,549.00
$0.0311
$89,850.00
4.36%
4.2
$0.0390
$8,178.00
$2,838.00
$0.0263
$89,925.00
9.09%
5.9
$0.0450
$3,983.00
$3,451.00
$0.0366
$87,925.00
4.53%
6.15
$0.0450
$9,319.00
$3,973.00
$0.0306
$112,550.00
8.28%
4.65
$0.0420
$10,351.00
$3,210.00
$0.0273
$120,525.00
8.59%
5
$0.0450
$10,925.00
$3,764.00
$0.0299
$133,525.00
8.18%
5
$0.0460
$9,555.00
$3,870.00
$0.0326
$133,500.00
7.16%
5
$0.0460
$7,317.00
$3,806.00
$0.0348
$133,600.00
5.48%
5.45
$0.0480
$12,683.00
$4,188.00
$0.0317
$139,225.00
9.11%
5.4
$0.0478
$10,670.00
$4,407.00
$0.0338
$147,050.00
7.26%
$5.0750
$0.0443
$8,689.600
$3,605.600
$0.0315
$118,767.500
7.20%
99%
92
16,840
5
5.9
$0.0450
$378.00
$4,172.00
$0.0442
$87,925.00
0.43%
93
22,200
5
6.15
$0.0450
$5,380.00
$4,761.00
$0.0367
$112,550.00
4.78%
94
26,600
6
4.65
$0.0420
$5,692.00
$3,987.00
$0.0339
$120,525.00
4.72%
95
26,500
5.75
5
$0.0450
$6,059.00
$4,611.00
$0.0366
$133,525.00
4.54%
96
25,000
6
5
$0.0460
$5,812.00
$4,494.00
$0.0378
$133,500.00
4.35%
97
23,000
6
5
$0.0460
$2,643.00
$4,585.00
$0.0420
$133,600.00
1.98%
98
25,500
5.9
5.45
$0.0480
$8,517.00
$4,894.00
$0.0371
$139,225.00
6.12%
99
25,410
5.85
5.4
$0.0480
$6,073.00
$5,193.00
$0.0398
$147,050.00
4.13%
Average
23,965
$5.7500
$5.0750
$0.0443
$4,462.900
$4,342.100
$0.0380
$118,767.500
3.56%
99%
(including interest)
House Capacity
Number of Batches
Bird Weight (lbs.)
Contract Payment / lb.
Net Return
Total Cost / Batch
Total Cost / lb.
Total Investment
Return on Investment
Chance for Profit
90
21,600
6
4
$0.0390
($195.00)
$3,234.00
$0.0394
$89,850.00
-0.22%
91
27,000
6
4.2
$0.0390
$4,270.00
$3,490.00
$0.0324
$89,925.00
4.75%
* A North Georgia contract broiler production unit is based on a unit with tunnel ventilation, foggers, forced air furnaces and nipple drinkers
* A North East contract broiler production unit is based on a unit with solid walls, tunnel ventilation, cool pads, infrared brooders and furnaces, and nipple drinkers.