COTTON. IRRIGATED. TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE (SPRINKLERSl PREPLANT PLUS ONE POSTPLANT UNIT

12 COTTON. IRRIGATED. TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE (SPRINKLERSl PREPLANT PLUS ONE POSTPLANT UNIT P R I C E O R V A L U E O R COST/UNIT QUANTITY COST GROSS RECEIPTS FRCM PRODUCTION COTTON LINT COTTONSEED TOTAL LBS TON 0.44 450.00 198.00 60.00 0.33 19*80 S 217.80 VARIABLE COSTS PREHARVEST SEED FERT(40-20-0) HERBICIDE HAIL INSURANCE IRRIGATION LABORCTRACTOR & ) LABOR(IRRIGATION) OTHER LABOR INTEREST ON OP. CAP. SUBTOTAL, PRE-HARVEST HARVEST COSTS GIN. BAG. TIES CUSTOM HARV&HAUL SUBTOTAL. HARVEST LBS. 0.33 20.00 6.60 ACRE 10.40 1.00 10.40 ACRE 7.00 1.00 7.00 DOL. 0.12 100.00 12.00 ACRE 4.60 1.00 4.60 ACRE 8.03 1.00 8.03 ACRE 16.24 1.00 16.24 HOUR 5.00 3.58 17.92 HOUR 5.00 0.70 3. 50 HOUR 2.50 3.00 7.50 DOL. 0.10 36.82 2 97.47 CWT. 1.75 19.80 34.65 CWT. 1.00 19.80 5 4. 4 5 T O TA L VA R I A B L E C O S T 151.92 3. INCOME ABOVE VARIABLE COSTS 6 5. 8 8 4. FIXED COSTS IRRIGATION LAND (NET RENT) TOTAL FIXED COSTS 5. TOTAL COSTS 6. NET RETURNS ACRE 6.00 1.00 6.00 ACRE 10.01 1.00 10.01 ACRE 14.42 1.00 14.42 ACRE 35.98 1.00 35.98 6 6. 4 1 S 2 1 8. 3 3-0. 5 3 L A N D C H A R G E E A S E D O N 1 / 4 O F G R O S S I N C O M E L E S S 1 / 4 O F F E R T I L I Z E R. GINNING ANO 50 PCT OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED. P R E P A R E D B Y M A R V I N O. S A R T I N. T A E X. L U B B O C K. T E X A S P R O J E C T E D 1 9 7 8

13 COTTON, IRRIGATED. TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE (SPRINKLERS) PREPLANT PLUS ONE POSTPLANT OPERATION ITEM NO. DATE FUEL.OIL, FIXED TIMES LABOR MACHINE LUB..REP. COSTS OVER HOURS HOURS PER ACRE PER ACRE SHREDDER 4R TM TANDEM DISC TM MOLDBOARO 6B TM PACKER CHISEL PICKUP TANDEM PICKUP TANDEM TM TM 1/2 TON DISC TM 1/2 TON DISC TM HERB SPR/DISC TM LISTER 8R TM ROLLING CULT TM BED PLANTER8R TM SAND FIGHTER TM ROLLING CULT TM 3,57 DEC 1,00 0.295 0.197 1.29 1.72 2,41 DEC 1.00 0.177 0.118 0.92 1.42 10 DEC 0.10 0.125 0.100 0.27 0.19 2,47 JAN 0.50 0.257 0. 171 1.22 1.81 53 JAN 0.50 0.0 0. 165 0.02 0.05 2.44 JAN 0.50 0.089 0.060 0.47 0.73 10 JAN 0.10 0.125 0.100 0.27 2.41 FEB 1.00 0.177 0.118 0.92 1.42 10 FEB 0.10 0.125 0.100 0.27 2.41 MAR 1.00 0. 177 0.118 0.92 1.42 61 MAR 1.00 0.0 0.196 0,07 0.15 10 MAR 0.10 0.125 0.100 0.27 0.19 2.55 APR 1.00 0.148 0.098 0.70 1.04 10 APR 0.10 0.125 0.1 00 0.27 0.19 4.31 MAY 1.00 0.138 0.092 0.47 0. 54 3.39 MAY 1.50 0.349 0.233 1.50 2.00 10 MAY 0,10 0.125 0.100 0.27 0.19 5.51 JUNE 2.00 0.250 0.167 0*51 0.73 4.31 JUNE 2.00 0.277 0.185 0.93 1.07 10 JUNE 0.10 0.125 0. 100 0.27 10 JULY 0.10 0.125 0.100 0.27 0.19 10 SEPT 0.10 0.125 0.100 0.27 10 NOV 0.10-9x125-9x199-9x22.0,19. TOTALS 3.584 2.917 12.63 16.01 LAND CHARGE BASED ON 1/4 OF GROSS INCOME LESS 1/4 OF FERTILIZER. GINNING AND 50 PCT. OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED, P R E PA R E D B Y M A R V I N O. S A R T I N. TA E X. L U B B O C K. T E X A S P R O J E C T E D 1 9 7 8 BUDGET IDENTIFICATION NUMBER- ANNUAL CAPITAL MONTH 11 9 3 0 0 3 2 0 2 3 4 0 0 " _

14 COTTON, IRRIGATED. TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE (FURROW) PREPLANT PLUS ONE POSTPLANT UNIT P R I C E O R V A L U E O R COST/UNIT QUANTITY COST GROSS RECEIPTS FRCM PRODUCTION COTTON LINT COTTONSEED TOTAL 2. VARIABLE CCSTS PREHARVEST SEED FERT(40-20-0) HERBICIDE HAIL INSURANCE IRRIGATION LABOR(TRACTOR & ) LABOR(IRRIGATION) OTHER LABOR INTEREST ON OP. CAP. SUBTOTAL. FRE-HARVEST HARVEST COSTS GIN. BAG. TIES CUSTOM HARV&HAUL SUBTOTAL. HARVEST LBS. 0.44 500.00 220.00 TON 60.00 0.35 21x99 2 4 1. 0 0 LBS. 0.33 20.00 6.60 ACRE 10.40 1.00 10.40 ACRE 7.00 1.00 7.00 DOL. 0.12 110.00 13.20 ACRE 4.60 1.00 4.60 ACRE 8.03 1.00 8.03 ACRE 18.36 1.00 18.36 HOUR 5.00 3.58 17.92 HOUR 5.00 3.00 15.00 HOUR 2.50 3.00 7.50 DOL. 0.10 38.49 2U85 S 1 1 2. 4 6 CWT. 1.75 22.00 38.50 CWT. 1.00 22.00 2 00 6 0. 5 0 TOTAL VARIABLE COST 1 7 2. 9 6 3. INCOME ABOVE VARIABLE COSTS 68.04 A. FIXED COSTS IRRIGATION LAND (NET RENT) TOTAL FIXED COSTS 5. TOTAL COSTS 6. NET RETURNS ACRE 6.00 1.00 6.00 ACRE 10.01 1.00 10.01 ACRE 20.04 1.00 20.04 ACRE 38.00 1.00. 18_. 0 7 4. 0 5 2 4 7. 0 1 S - 6. 0 1 LAND CHARGE EASED ON 1/4 OF GROSS INCOME LESS 1/4 OF FERTILIZER, GINNING AND 50 PCT. OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED, PREPARED BY MARVIN O. SARTIN. TAEX, LUBBOCK. TEXAS PROJECTED 1978

15 COTTON. IRRIGATED. TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE (FURROW) PREPLANT PLUS ONE POSTPLANT _ OPERATION ITEM NO. DATE TIMES LABOR OVER HOURS FUEL.OIL, FIXED M A C H I N E L U B., R E P. C O S T S H O U R S P E R A C R E P E R A C R E SHREDDER 4R TM 3,57 DEC 1.00 0.295 7 1.29 1.72 T A N D E M D I S C T M 2,41 DEC 1.00 0.177 0. 1 18 0. 92 1.42 10 DEC 0.10 0.125 0. 100 0.27 M C L D 8 0 A R D 6 B T M 2,47 JAN 0.50 0.257 0. 171 1. 22 1.81 PACKER TM 53 JAN 0.50 0.0 0. 165 0.02 0.05 CHISEL TM 2.44 JAN 0.50 0.089 0.060 0.47 0.73 10 JAN 0.10 0.125 0. 100 0. 27 T A N D E M D I S C T M 2.41 FEB 1.00 0.177 0. 1 18 0.92 1.42 H E R B S P R / D I S C T M 61 FEB 1.00 0.0 0. 1 96 0. 07 0.15 10 FEB 0.10 0.125 0. 100 0.27 T A N D E M D I S C T M 2.41 MAR 1.00 0.177 0.1 18 0.92 1.42 10 MAR 0.10 0.125 0. 100 0.27 LISTER 8R TM 2.55 APR 1.00 0.148 0.098 0.70 1.04 10 APR 0.10 0. 125 0.1 00 0.27 ROLLING CULT TM 4,31 MAY 1.00 0. 138 0. 092 0.47 0. 54 BED PLANTER8R TM 3,39 MAY 1.50 0.349 0.233 1. 50 2.00 10 MAY 0.10 0.125 0.1 00 0.27 SAND FIGHTER TM 5,51 JUNE 2.00 0.250 0. 167 0.51 0.73 ROLLING CULT TM 4.31 JUNE 2.00 0.277 0.185 0.93 1.07 10 JUNE 0.10 0.125 0. 100 0.27 10 JULY 0.10 0.125 0.100 0.27 10 SEPT 0.10 0.125 0. 100 0.27 10 NOV 0.10 2 1-9x199-9x21-9x12 TOTALS 3.584 2.917 12.63 16.01 L A N D C H A R G E B A S E D O N 1 / 4 O F G R O S S I N C O M E L E S S 1 / 4 O F F E R T I L I Z E R. GINNING AND 50 PCT. OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED. P R E P A R E D B Y M A R V I N 0. S A R T I N. T A E X, L U B B O C K, T E X A S P R O J E C T E D 1 9 7 8 B U D G E T I D E N T I F I C A T I O N N U M B E R 9 3 0 0 3 3 0 2 3 1 0 0 ANNUAL CAPITAL MONTH 11 " _

16 COTTON. IRRIGATED, TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE (SPRINKLERS) PREPLANT PLUS TWO POSTPLANT UNIT P R I C E O R V A L U E O R COST/UNIT QUANTITY COST 1. GROSS RECEIPTS FROM PRODUCTION COTTON LINT COTTONSEED TOTAL LBS TON 0.44 60.00 525.00 0.37 231.00 22*29 253.20 2. VARIABLE COSTS PREHARVEST SEED FERT(60-40-0) HERBICIDE HAIL INSURANCE IRRIGATION LABOR(TRACTOR 6- ) LABORCIRRIGATION) OTHER LABOR INTEREST ON OP. CAP. SUBTOTAL. PRE-HARVEST HARVEST COSTS GIN. BAG, TIES CUSTOM HARV&HAUL SUBTOTAL. HARVEST TOTAL VARIABLE COST 3. INCOME ABOVE VARIABLE COSTS 4. FIXED COSTS IRRIGATION LAND (NET RENT) TOTAL FIXED COSTS LBS. 0.33 25.00 3.25 ACRE 17.60 1.00 17.60 ACRE 7.00 1.00 7.00 DOL. 0.12 120.00 14.40 ACRE 4.57 1.00 4.57 ACRE 7.79 1.00 7.79 ACRE 23.20 1.00 23.20 HOUR 5.00 3.58 17.92 HOUR 5.00 1.00 5.00 HOUR 2.50 3.00 7.50 DOL. 0.1 0 45.78 4.2.58 117.81 CWT. 1.75 23.10 40.42 CWT. 1.00 23.10 s 3 ic> 63.52 s 181.34 s 71.86 ACRE 5.95 1.00 5.95 ACRE 9.37 1.00 9.37 ACRE 20.60 1.00 20.60 ACRE 38.49 1.00 74.42 5. TOTAL COSTS 255.76 6. NET RETURNS - 2. 5 6 LAND CHARGE EASED ON 1/4 OF GROSS INCOME LESS 1/4 OF FERTILIZER, GINNING AND 50 PCT. OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED. PREPARED BY MARVIN O. SARTIN. TAEX. LUBBOCK. TEXAS PROJECTED 1978

17 C O T TO N. I R R I G AT E D. T E X A S H I G H P L A I N S I I I R E G I O N ESTIMATED COSTS AND RETURNS PER ACRE (SPRINKLERS) PREPLANT PLUS TWO POSTPLANT * _ OPERATION ITEM NO. DATE FUEL,OIL. FIXED TIMES LABOR MACHINE LUB..REP. COSTS OVER HOURS HOURS PER ACRE PER ACRE SHREDDER 4R TM 3.57 DEC 1.00 0.295 7 1.29 TA N D E M D I S C T M 2,41 DEC 1.00 0. 177 0. 1 18 0. 92 10 DEC 0.10 0.125 0.100 0. 27 MOLDBOARD 6B TM 2.47 JAN 0.50 0.257 0. 171 1.22 CHISEL TM 2,44 JAN 0.50 0.089 0.060 0.47 10 JAN 0.10 0.125 0. 100 0.27 TA N D E M D I S C T M 3,41 FEB 1.00 0.177 0.1 18 0. 80 10 FEB 0.10 0.125 0.100 0.27 TA N O E M D I S C T M 3.41 MAR 1.00 0. 177 0. 1 18 0. 80 HERB SPR/DISC TM 61 MAR 1.00 0.0 6 0. 07 10 MAR 0.10 0. 125 0. 100 0.27 LISTER 8R TM 2.55 APR 1.00 0.148 0.098 0. 70 10 APR 0.10 0.125 0.100 0.27 ROLLING CULT TM 4,31 MAY 1.00 0.138 0. 092 0.47 BED PLANTER8R TM 3,39 MAY 1.50 0.349 0.233 1.50 10 MAY 0.10 0.125 0.1 00 0.27 SAND FIGHTER TM 5,51 JUNE 2.00 0.250 0. 167 0.51 ROLLING CULT TM 4,31 JUNE 2.00 0.277 0.185 0.93 10 JUNE 0.10 0.125 0.1 00 0.27 10 JULY 0.10 0.125 0. 100 0.27 10 SEPT 0.10 0.125 0.100 0.27 10 NOV 0.10-9x12 Q..1-9x21 1.72 1. 42 1.81 0.73 1. 11 1.11 0. 15 1.04 0. 54 2.00 0.19 0.73 1.07 O. 19. TOTALS 3.584 2.752 12.37 15. 33 LAND CHARGE GINNING AND PREPARED BY EASED ON 1/ 4 OF GROSS INCOME LESS 1/ 4 OF FERTILIZER. 50 PCT. OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED M A R V I N O. S A R T I N. TA E X. L U B B O C K. T E X A S P R O J E C T E D 1 9 7 8 B U D G E T I D E N T I F I C AT I O N N U M B E R 9 3 0 0 3 3 0 2 3 4 0 0 ANNUAL CAPITAL MONTH 11

18 COTTCN. IRRIGATED, TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE (FURROW) PREPLANT PLUS TWO POSTPLANT UNIT P R I C E O R V A L U E O R COST/UNIT QUANTITY COST 1. GROSS RECEIPTS FRCM PRODUCTION COTTON LINT COTTONSEED TOTAL LBS TON 0.44 575.00 253.00 60.0 0 0.40 4 0_) % 277.00 2. VARIABLE CCSTS PREHARVEST SEED FERT(60-40-0) HERBICIDE HAIL INSURANCE IRRIGATION LABOR(TRACTOR & ) LABOR(IRRIGATION) OTHER LABOR INTEREST ON OP. CAP. SUBTOTAL, PRE-HARVEST HARVEST COSTS GIN, BAG, TIES CUSTOM HARV&HAUL SUBTOTAL. HARVEST LBS. 0.33 25.00 8.25 ACRE 17.60 1.00 17.60 ACRE 7.00 1.00 7.00 DOL. 0.12 140.00 16.80 ACRE 4.63 1.00 4.63 ACRE 8. 14 I.00 3.14 ACRE 27.71 1.00 27.71 HOUR 5.00 3.67 18.34 HOUR 5.00 4.25 21.25 HOUR 2.50 3.00 7.50 DOL. 0.10 48.68 4.87 142.10 CWT. 1.75 25.30 44.27 CWT. 1.00 25.30._2 69.57 TOTAL VARIABLE COST 3. INCOME ABOVE VARIABLE COSTS s 211.67 65.33 4. FIXED COSTS IRRIGATION LAND (NET RENT) TOTAL FIXED COSTS ACRE 6.08 1.00 6.08 ACRE 9.86 1.00 9.86 ACRE 26.35 1.00 26. 35 ACRE 40.61 1.00._40_.6_ 82.90 s 5. TOTAL COSTS 2 9 4. 5 7 6. NET RETURNS - 1 7. 5 7 LAND CHARGE EASED ON 1/4 OF GROSS INCOME LESS 1/4 OF FERTILIZER, GINNING AND 50 PCT. OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED. PREPARED BY MARVIN O. SARTIN, TAEX. LUBBOCK, TEXAS PROJECTED 1973

19 C O T T O N, I R R I G A T E D, T E X A S H I G H P L A I N S I I I R E G I O N E S T I M AT E O C O S T S A N D R E T U R N S P E R A C R E ( F U R R O W ) P R E P L A N T P L U S T W O P O S T P L A N T * _ FUEL.OIL, FIXED ITEM TIMES LABOR MACHINE LUB..REPi COSTS OPERATION NO. DATE OVER HOURS HOURS PER ACRE PER ACRE SHREDDER 4R tm 3,57 DEC 1.00 0. 295 7 1.29 1.72 T A N D E M D I S C T M 2,41 DEC 1.00 0.177 0. 118 0.92 1.42 10 DEC 0.10 0.125 0. 100 0. 27 M C L O B O A R D 6 B T M 2,47 JAN 0.75 0.385 0.257 1. 83 2.72 PACKER TM 53 JAN 0.75 0.0 0.247 0.04 0.07 CHISEL TM 2,44 JAN 0.25 0.045 0.030 0.24 0.37 10 JAN 0.10 0.125 0. 100 0. 27 T A N D E M D I S C T M 3,41 FEB 1.00 0.177 0. 1 18 0.80 1.11 H E R B S P R / D I S C T M 61 FEB 1.00 0.0 0.196 0.07 0.15 10 FEB 0.10 0.125 0.100 0.27 T A N D E M D I S C T M 3.41 MAR 1.00 0.177 0.118 0.80 1.11 10 MAR 0.10 0.125 0.100 0.27 LISTER 8R TM 2,55 APR 1.00 0.148 0.098 0.70 1.04 10 APR 0.10 0.125 0.1 00 0.27 ROLLING CULT TM 4,31 MAY 1.00 0.138 0.092 0.47 0. 54 BED PLANTER8R TM 3.39 MAY 1.50 0.349 0.233 1.50 2.00 10 MAY 0.10 0.125 0. 100 0.27 SAND FIGHTER TM 5.51 JUNE 2.00 0.250 0. 167 0.51 0.73 POLLING CULT TM 4.31 JUNE 2.00 0.277 0.185 0.93 1.07 10 JUNE 0.10 0. 125 0. 100 0.27 10 JULY 0.10 0.125 0.100 0.27 PICKUP 1/2 TQN 10 SEPT 0.10 0. 125 0. 100 0.27 10 NOV 0.10.-9x12-9x199-9x21-9x12 ^ TOTALS 3.668 3.055 12.78 15.94 L A N D C H A R G E B A S E D O N 1 / 4 O F G R O S S I N C O M E L E S S 1 / 4 O F F E R T I L I Z E R. GINNING AND 50 PCT. OF IRRIG. FIXED COSTS. GOV'T PYMNT. NOT INCLUDED. P R E P A R E D B Y M A R V I N O. S A R T I N. T A E X. L U B B O C K, T E X A S P R O J E C T E D 1 9 7 8 BUDGET IDENTIFICATION NUMBER- ANNUAL CAPITAL MONTH 11 9 3 0 0 3 4 0 2 3 2 0 0.

20 G R A I N S O R G H U M, D R Y L A N O, T E X A S H I G H P L A I N S I I I R E G I O N E S T I M AT E D C O S T S A N D R E T U R N S P E R A C R E P R I C E O R V A L U E O R UNIT COST/UNIT QUANTITY COST 1. GROSS RECEIPTS FRCM PRODUCTION GRAIN SORGHUM TOTAL VARIABLE COSTS PREHARVEST SEED LABOR(TRACTOR & ) INTEREST CN OP. CAP. SUBTOTAL. PRE-HARVEST HARVEST COSTS CUSTOM COMBINE CUSTOM HAUL SUBTOTAL. HARVEST CWT 3.30 15.50 51_l1_» 5 1. 1 5 LBS. 0.40 3.75 1.50 ACRE 3.26 1.00 3.26 ACRE 8.62 1.00 8.62 HOUR 5.00 3.22 16. 10 DOL. 0.1 0 6.61 i! 30.14 ACRE 8.00 1.00 8.00 CWT. 0.25 15.50 3.38 11.33 TOTAL VARIABLE COST 4 2. 0 2 3. INCOME ABOVE VARIABLE COSTS 9.13 4. FIXED COSTS LAND (NET RENT) TOTAL FIXED COSTS ACRE 4.68 1.00 4.68 ACRE 10.77 1.00 10.77 ACRE 15.60 1.00 15_t 0 3 1. 0 6 5. TOTAL COSTS 7 3. 0 8 6. NET RETURNS - 2 1. 9 3 L A N D C H A R G E B A S E D O N L A N D L O R D ' S S H A R E O F G R O S S 3 3 * L E S S 3 3 X O F HAULING. GOVERNMENT PAYMENT NOT INCLUDED. P R E P A R E D B Y M A R V I N O. S A R T I N. T A E X, L U B B O C K, T E X A S P R O J E C T E D 1 9 7 8 c

21 GRAIN SORGHUM, DRYLAND, TEXAS HIGH PLAINS III REGION ESTIMATED COSTS AND RETURNS PER ACRE * _ OPERATION ITEM NO. DATE FUEL.OIL. FIXED TIMES LABOR MACHINE LUB..REP. COSTS OVER HOURS HOURS PER ACRE PER ACRE SHREDDER 2R TM 3.56 FEB 1.00 0.595 0.397 2.24 2.73 MOLDBOARD 6B TM 2.47 MAR 1.50 0.771 0.514 3. 66 5.43 PACKER TM 53 MAR 1.50 0.0 0.494 0.07 0. 15 10 MAR 0.10 0. 125 0.100 0.27 0.19 TA N D E M D I S C T M 2.41 APR 1.50 0.265 0.177 1.38 2. 14 10 APR 0.10 0. 125 0. 100 0.27 LISTER-PLNT8R TM 3.37 MAY 1.25 0.291 4 I. 35 1.88 10 MAY 0.10 0.125 0. 100 0.27 SAND FIGHTER TM 5.51 JUNE 2.00 0.250 0.167 0.51 0.73 CULTIVATOR 8R TM 4,34 JUNE 2.00 0.298 0. 1 99 1. 06 1. 27 10 JUNE 0.10 0.125 0.100 0.27 0.19 10 AUG 0.10 0.125 0. 100 0.27 0.19 10 OCT 0.10-9x12-9x199-9x21-9x12 TOTALS 3.220 2.740 11. 88 15.46 _ > L A N D C H A R G E E A S E D O N L A N D L O R D ' S S H A R E O F G R O S S 3 3 X L E S S 3 3 X O F HAULING. GOVERNMENT PAYMENT NOT INCLUDED. P R E P A R E D B Y M A R V I N O. S A R T I N. T A E X. L U B B O C K. T E X A S P R O J E C T E D 1978 B U D G E T I D E N T I F I C A T I C N N U M B E R 7 3 0 0 3 0 0 2 3 0 0 0 ANNUAL CAPITAL MONTH 10 _

22 GRAIN SORGHUM. IRRIGATED. TEXAS HIGH PLAINS III REGION ESTIMATEO COSTS AND RETURNS PER ACRE (FURROW) PREPLANT PLUS ONE POSTPLANT UNIT P R I C E O R V A L U E O R COST/UNIT QUANTITY COST GROSS RECEIPTS FROM PRODUCTION G R A I N S O R G H U M C W T. TOTAL VARIABLE COSTS PREHARVEST SEED LBS. F E R T C 8 0-0 - 0 ) A C R E I N S E C T I C I D E A C R E ACRE T R A C T O R S A C R E IRRIGATION ACRE LABORCTRACTOR & ) HOUR L A B O R C I R R I G A T I O N ) H O U R INTEREST ON OP. CAP. DOL. SUBTOTAL, PRE-HARVEST 3.30 40.00-132x99 S 1 3 2. 0 0 0.40 6.25 2.50 12.80 1.00 12.80 5.00 1.00 5.00 3.84 1.00 3.84 7.27 1.00 7.27 18.36 1.00 18.36 5.00 3.27 16.37 5.00 3.00 15.00 0.10 24.41 2%. _ 83.59 HARVEST COSTS CUSTOM COMBINE CUSTOM HAUL SUBTOTAL. HARVEST T O TA L VA R I A B L E C O S T 3. I N C O M E A B O V E VA R I A B L E C O S T S 4. FIXED COSTS IRRIGATION LAND (NET RENT) TOTAL FIXED COSTS CWT. 0.30 40.00 12.00 CWT. 0.25 40.00 19x00 2 2. 0 0 1 0 5. 5 9 26.41 ACRE 4.77 1.00 4.77 ACRE 8.47 1.00 8.47 ACRE 20.04 1.00 20.04 ACRE 24.37 1.00 24_37 57.65 5. TOTAL COSTS S 163.24 6. NET RETURNS - 3 1. 2 4 LAND (NET RENT) BASED ON 33X OF GROSS INCOME LESS 33X OF FERT., INSECT.. HAUL AND 50X OF IRRIG. FIXED COSTS. GOV'T PAYMENT NOT INCLUDED. PREPARED BY MARVIN 0. SARTIN. TAEX. LUBBOCK, TEXAS PROJECTED 1978

23 GRAIN SORGHUM, IRRIGATED. TEXAS HIGH PLAINS III ESTIMATED COSTS AND RETURNS PER ACRE (FURROWl PREPLANT PLUS ONE POSTPLANT REGION. FUEL.OIL. FIXED ITEM TIMES LABOR MACHINE LUB.,REP. COSTS OPERATION NO. DATE OVER HOURS HOURS PER ACRE PER ACRI SHREDDER 4R TM 3,57 DEC 1.00 0.295 0.197 1.29 1.72 10 DEC 0.10 0.125 0. 100 0.27 0.19 10 JAN 0.10 0.125 0. 100 0.27 0.19 M O L D B O A R D 6 B T M 2,47 FEB 1.00 0.514 0.343 2.44 3.62 PACKER TM 53 FEB 1.00 0.0 0.329 0.05 0.10 10 FEB 0.10 0.125 0.100 0.27 T A N D E M D I S C T M 3,41 MAR 1.00 0.177 0.118 0. 80 1.11 10 MAR 0.10 0.125 0.100 0.27 0.19 LISTER 6R TM 3,54 APR 1.00 0.184 0.123 0.71 0.88 10 APR 0.10 0.125 0.100 0.27 0.19 ROLLING CULT TM 4.30 MAY 1.00 0.177 0. 118 0.56 0.62 BED PLANTER6R TM 3,38 MAY 1.25 0.387 0.258 1.59 2.07 10 MAY 0.10 0.125 0.100 0.27 0.19 SAND FIGHTER TM 5,51 JUNE 0.50 0.062 0.042 0.13 0.18 10 JUNE 0.10 0.125 0.100 0.27 0.19 ROLLING CULT TM 4.30 JULY 2.00 0.354 0.236 1. 13 1.24 10 AUG 0.10 0.125 0.100 0.27 0.19 10 OCT 0.10-9x123,0.1,00 jl Z -9±12. TOTALS 3.275 2.662 11.11 13.24 L A N D ( N E T R E N T ) B A S E D O N 3 3 X O F G R O S S I N C O M E L E S S 3 3 X O F F E R T.. I N S E C T.. H A U L A N D 5 0 X O F I R R I G. F I X E D C O S T S. G O V ' T P A Y M E N T N O T I N C L U D E D. P R E P A R E D B Y M A R V I N 0. S A R T I N. T A E X, L U B B O C K, T E X A S P R O J E C T E D 1 9 7 8 B U D G E T I D E N T I F I C A T I O N N U M B E R 7 3 0 0 3 3 0 2 3 1 0 0 ANNUAL CAPITAL MONTH 10 ^