r TEXAS HIGH PLAINS I FOREWORD The enterprise budgets for Texas High Plains I Region arc based on estimates of yields, produc tion input quantities, and production practices which represent the best judgment of local produc ers, county Extension agents-agriculture, financial institution representatives, farm machinery dealers and others knowledgeable of the area. Variation in yields, production inputs and production prac tices should be expected for particular farms. Budgets for all major crops produced in the area are included for two levels of management, when applicable. Crop yields are directly related to levels of management. These differences are due largely to timing of operational practices which may not be evident in the budgets. The machinery inventory is applicable to both typical and high level management. In some bud gets custom rates, primarily harvesting, were used in lieu of the assumption that harvesting equip ment was owned. Budgets for establishing permanent type pasture grasses were prepared and used for prorating estab lishment costs in the respective pasture and hay budgets. Forage crops include expenses only be cause it is expected that the income will be derived from livestock enterprises. Land charges were based on the customary land lord's crop share less his proportionate share of certain production and harvesting inputs and a per centage of fixed cost on the irrigation system when applicable. A per land charge was made when crop share was not used. r
TEXAS HIGH PLAINS I REGION Assumed Prices Paid and Received by Farmers _]_/ tern Unit Price Prices paid (1976) Seed Grain Sorghum Soybean Wheat (cleaned and treated) Alfalfa C o r n ( f o r g r a i n ) Corn (for si I age) Forage Sorghum Sugar Beets Custom rates Combining soybeans Combining wheat (dryland) Combining wheat (irrigated) Combining grain sorghum ( dryland) Combining grain sorghum (irrigated) Sugar beets ( harvest and haul) Hay harvest, Swath, bale, haul Corn (harvest and haul) Drying corn Hauling Grain sorghum Soybeans Wheat Chemical spraying (aerial) Fuel and lubricants Gasoli ne L.P. gas Diesel fuel M o t o r o i l ( h e a v y d u t y, d e t e r g e n t F e r t i I i z e r ( b u l k ) Nitrogen (anhydrous) Nitrogen (granular) Phosphorous L a b o r ( e x c e p t h o e i n g ) ^ Labor ( hoeing) bu. ton bale bu. bu. bu. bu. gal gal gal gal lb. lb. lb. hour hour 40.00 10.00 7.00 175.00 95.00 75.00 32.00 60.00 12.00 7.50 12.00 7.50.30 3.00.60.50.10.20.20.15 2.50.40.35.40 2.40. 16.30.30 2.75 2.25
-2- I tern Unit Price Chemicals Pre-emergence herbicide Methyl parathion Ma lath Ion Land Lease (cash rent) HaiI insurance Wheat Corn Grain Sorghum Interest Capital Operating 5 gal gal. gal. 100 100 100 140.00 5.25 I I.00 50.00 8.00 8.00 8.00.08.10 Prices received (1976) Wheat Grain Sorghum Alfalfa hay (standing In field) Forage sorghum hay (baled) Ensilage ( corn) standing in field Pasture grazing Corn (grain) Soybeans Sugar beets (14 sugar) bu. 3.75 4.50 ton 40.00 ton 45.00 ton 15.00 lb. galn.20 bu. 2.70 bu. 5.00 ton 35.00 _/ These price assumptions are not to be interpreted as predicitons or prospective prices. ^
1 ) ^ TEXAS HIGH PLAINS I REGION Estimated Machinery and Equipment Cost Per Hour of Use Machinery Item and Size Purchase Price Estimated Years of Use Estimated Hours of Use Fixed Costs Per Hour Variable Co-: Per Hour Tractor - 100 HP Tractor - 85 HP Tractor - 45 HP Pickup - 1/2 ton Rolling cultivator - 20 feet Chisel - 13 feet Float - 7 feet Lister-planter - 20 feet Tandem disc - 13 feet Offset disc - 13 feet Grain drill - 16 feet Shredder - 13 feet Rod weeder - 20 feet Harrow - 16 feet Herb sprayer - 30 feet Tool bar - 24 feet Lister 6R - 20 feet 12,350 5 5000 2.43 4.28 9,410 8 6400 1.91 3.11 4,120 12 7200.95 1.93 5,100 3 2100 2.02 3.37 2,000 8 1600 1.72.94 940 8 1600.81.26 1,760 10 1000 2.73.71 2,120 8 1000 2.91 1.19 1,650 8 1600 1.42.45 2,350 8 1600 2.02.67 1,880 10 1200 2.42.68 1,650 8 1000 2.28.80 380 5 1200.35.14 350 12 1596.37.10 590 10 2000.45.13 235 12 2004.20.05 1,000 8 1600.86.27
CORN FOR GRAIN, SPRINKLER IRRIGATED, TEXAS HIGH PLAINS 1 RFG ESTIMATED COSTS AND RETURNS PER ACRF TYPICAL MANAGEMENT -4- UNIT PRICF OR COST/UNIT QUANTITY VALUF OR COST GROSS RFCFIPTS CORN TOTAL FRCM PRODUCTION 2.70 125.00-111*20 337.5^ VARIABLE COSTS PREHARVEST SEED FFRT{ 150-40-0) HERBICIDE INSFCTICIDF INSFCT. APPLI. IRRIGATION LA80R(TRACTOR ) LABOR(IRRIGATION) INTEREST CN OP. CAP. SUBTOTAL, PRE-HARVEST LBS. HCUR HOUR DOL. 0.95 37.20 6.75 5.50 2.50 3.36 4.23 39.20 2.75 2.75 0.10 25.00 2.38 3.00 38.32 23.75 3 7.20 6.75 5.50 2.50 3.36 4.23 39.20 6.54 3.25 2*22 S 1 4 1. 11 HARVEST COSTS CUSTOM COMBINE CUSTOM HAUL CUSTOM DRYING SUBTOTAL, HARVEST TOTAL VARIABLF CCST 3. INCOME ABOVF VARIABLE COSTS 4. FIXED COSTS IRRIGATION LAND ( NET RENT) TOTAL FIXED COSTS 5. TOTAL COSTS 6. NET RETURNS 0.20 0.12 0.10 3.37 2.43 52.40 33.80 125.00 125.00 125.00 LAND CHARGE BASED ON 60 LESS 50 % OF IRRIGATION FIXED COSTS, 25.00 15.00 5 2. 5 0 1 9 3. 6 1 * 1 4 3. 8 9 3.37 2.43 52.40 22:22 * ^ 2. 0 1 * 285.62 5 1. 8 8 M A r H T V n M D E N T ^ To L S F i Z ~ Q R F G I C J N fi i I R I G - L E V E L 5 L A N D C L A S S 2 M G M T. C O D F _ M A C H. C O M P. I R I G. S Y S T E M J P R I C E V E C T. Q E Q U I P. C O M P. Q ANNUAL CAPITAL MONTH 9 * ~~ THE TFXl INPUT CAPOS STORED WITH THIS BUDGET AR F AS FOLLOWS: R F I X 0 0 3 3. 8 0 0 1. 0 0 0 END* 0 0 0.0 0.0 D AT E P R I N T E D : 1 2 / 0 3 / 7 5
-5- C fl R N F O P G R A I N, S P R I N K L E R I R R I G AT E D, T ^ X A S H I G H P I A I N S I R F G H l f ESTIMATED COSTS AND RFTURNS PER ACRI TYPICAL MANAGEMENT OPFRATION FUFLfOILi FIXED I T F M T I M E S L A B O R M A C H I N E L O B., R E P. C O S T S N O. D AT E O V E R H O U R S H O U R S P p R A C R F P ^ R A C R r SHREDDER OFFSET DISC ROLL IMG CULT. ROD WEFDFR LISTFP-PLANTER HFRB SPRAYER FrRT.APPLI,RENTD PTCKUP 1,53 JAN L.OO 0.245 0.163 0. 97 10 JAN 0. 1 J 0. 1 2 5 0. 1 0 0 0. 34 1,49 MAR 2.00 0.4 7! 0.319 1.85 10 MAR 0.10 0.125 0.100 0. 3 4 3,31 APR 0.181 0.121 J. 56 10 APR 3,55 MAY 1,45 MAY 0.10 0.125 0.100 0.146 0.0 93 0.231 0.154 0. 3 4 0.38 0.9 7 61 MAY 0.0 0.121 0.02 5,86 MAY 10 MAY 0.097 0.064 0.10 0.125 0.100 0.15 0.34 1 0 J U N E 0. 1 0 0. 1 2 5 0. 1 0 0 0.34 10 JULY 0.10 0.125 0.100 0.34 10 AUG 0.10 0.125 0.100 0.34 10 SFPT 0.10 _ 0.85 0.2 ) 1.57 0.2H 0.4 0.20 0.26 0.90 0.06 0.07 0. lo 0. 20 0. 20 0.20-2:22 TOTAI S 2.378 1.839 7.59 5.3! LAND CHARGE BASED ON 60 LFSS 50 % GF IRRIGATION FIXED COSTS BUDGET IDENTIFICATION NUMBER 7 2 00 150 2 170 0 ANNUAL CAPITAL MONTH 9
( _ * r _ T Y r ^ F N T F R P K I S E Z 2 - A «E G I O N _ 1 I R I G. L E V E L 2 L A N D C L A S S 0 M G M T. C O D E 1-6- OOKN Fnp GRAIN. SPI I R R I G A T E D, T E X A S H I G H P L A I N S 1 R F G I O I E S T I M AT F D C O S T S A M D R ' F T U P N S P E R A C» E HIGH LEVL MANAGEMENT P R I C E O R UNI T COST/UNIT QUANT ITY VALUE OR COST G R O S S R E C E I P T S F R O M C OR N TOTAl VAR I ATIE COSTS PRODUCTION PRFHARVFST SEEO F E R T ( 1 8 0-4 0-0 ) HE«8IC IDE INSFCTIC IDE INSECT. APPL I. IRRIGATION LABOR(TRACTOR MACHINFRY) LABOR! I PR IGATI 0M> INTEREST CN CP. CAP. SUBTOTAL, PRE-HARVEST 2.70 I 4 0. 0 ^ LBS. ACRF HOUR HOUR DOL. 0. 5 43.60 6.75 5.50 2.50 3.35 3.8 7 47.04 2.7 5 2.75 O.IO 2 5.00 1.0 0 l.oo 1.0 0 l.oo 2.23 3.60 41.96 4 3 7 8. 0 0 23. 75 43.60 6. 75 5. 50 2.50 3.35 3.37 4 7.04 6.14 9. on _x2_ % 1 5 6. 5 9 HARVEST COSTS CUSTOM COMBINE CUSTOM HANI C U S TO M D RY I N G SUBTOTAL, TOTAL VARI ABIE COST HARVEST 3. INCOME ABOVE VARIABLE COSTS 4. FIXED COSTS IRP IGATIQN LAND (NET RENT) TOTAL FIXED COSTS 5. TOTAL COSTS 6. MET RFTURNS 0.20 0. I 2 0.10 3.34 2.21 6 2. 8 8 28.56 I 4 0.00 140.00 140.0 0 l.oo L A N D C H A R G E B A S F D O N * 6 0 L E S S 5 J * O F I R R I G A T I O N F I X F D C n S T S, " M A C H. C O M P. _ 1 I R I G. S Y S T E M 2 P R I C E V E C T. Q E Q U I P. C O M P. n -2 28.00 L6.80 5 8. 8 0 * 2 1 5. 3 9 1 6 2. 6 1 3.34 2.21 62.38 22*22 * 9 6. 9 P 3 1 2. 3 7 * 6 5. 6 3 T H E T F X I I N P U T C A P O S S T O R E D W I T H T H I S 3 U D G F T A R F A S F O L I O W S ' H F I X 0 0 2 8. 5 6 0 I. 0 0 0 END* 0 0 0.0 0.0 OATF PRINTED: 12/03/75
-7- C O R N F O R G R A I N, S P R I N K L E R I R R I G A T E D, T E X A S H I G H P L A I N S 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 P A C R F HIGH LEVEL MANAGEMENT I RFGinh FUEL, OIL, FIXED I TEM TIMFS LABOR MACHINE LUB., REP. COSTS OPERAT ION NO. DATE OVFR H OU R S HOURS PER ACRF PER AC.pf SHREDDFR 1,53 JAN L.OO 0.245 0. L63 r» 97 0. Rr> 10 JAN 0.10 0.125 0.100 0.34 0.20 OFFSET DISC 1,49 MAR 2.00 0.478 0.319 1.85 1.57 10 MAR 0.10 0. 125 0. LOO 0.34 0.20 ROLLING CULT. 3,31 APR J. 181 0. 121 J.56 0.48 10 APR 0.10 0.125 0. 100 0.34 0. 20 LI STER-PLANTFR 1,45 MAY 0.231 0. 154 0.97 O.00 HERB SPRAYFP 61 MAY 0. u 0. 121 0.02 0.06 FFRT.APPLI,RENTD 5,86 MAY 0.097 0.064 0. 15 0.07 10 MAY 0.10 0.12 5 0.100 0.34 0.20 PTCKUP 10 JUNF 0.10 0.125 0.100 0.34 0.20 10 JULY 0.10 0.125 0. 100 0.34 0.20 10 AUG 0.10 0.125 0. 100 0.34 0.20 10 SEPT 0.10 ia Z_ TOTALS 2.231 1. 741 7.21 5.^5 LAND CHARGE BASFD ON 60 LESS 50 % OF IRRIGATION FIXFD COSTS, BUDGET IDENTIFICATION NUMBER - 7 2 0 0 1 5 0 1 1 7 0 0 ANNUAL CAPITAL MONTH 9
CORN FOP GRAIN, FURROW IRRIGATE Dt TEXAS HIGH PLAINS L REGION FSTIMATFD COSTS AND RETURNS PER ACRF TYPICAL MANAGEMENT -8- UNIT PRIC.F OR COST/UNIT QUANTITY VALUE OR COST L. GROSS RFC EI PTS CORN TOTAL FROM PRODUCTIGN VARIABLE COSTS PREHARVEST SEFD FERTI 150-0-0) HFR3ICIDE INSECTICIDE INSECT. APPLI. IRRIGATION LABORITRACTOR MACHINFRY) LABOR!IRR IGATION) INTEREST CN OP. CAP. SUBTOTAL, PRF-HARVEST harvest costs custom ccmrine custom haul custom drying subtotal, HARVEST TOTAL VAPIABLE COST 3. INCCME ABOVE VARIABLE COSTS 4. FI XFD COSTS MACHINFRY IPRIGATION LAND (NET RENT) TOTAL FIXFD COSTS 5. TOTAL COSTS 6. NET RETURNS LAND CHARGE BASED ON 60 LESS 50 LBS. - HOUR HCUR DOL. ACRF 2.70 110.0^ 2 9 7. 0 0 0.9 5 25.00 23.75 24.00 24.00 6.75 6. 75 5.50 5.50 2.50 2.50 5.35 5.35 9.64 9.64 21.34 21.34 2.75 4.9 2 13.54 2.75 4.40 12. 10 0.10 41.47 _*1_ 12 8.61 0.20 110.00 22.00 0.12 110.00 13.20 0.10 110.00 4 6. 2 0 7.6 3 5.79 3 5.20 42.40 35 OF IRRIGATION FIXED COSTS, * 1 7 4. 3 1 1 2 2. 1 9 7.68 5.79 35.20 9 1. 0 7 2 6 5. 8 3 3 1. 1 2 PROJFCTED, 1976 COUNTY _ 2 ENTERPRISE _ 2 REGION 01 MACH. COMP. IRIG. SYSTEM i_ PR ICE v IRIG. LEVEL _ LANC CLASS 0 MGMT. CODE 2 VECT. Q EQUIP. COMP. _2 ANNUAL CAPITAL MONTH 9 THE TEX1 INPUT CAPDS STORFD WITH THIS R F I X 0 0 4 2. 4 0 0 1. 0 0 0 END* 0 0 0.0 o. o D AT E P R T N T F D : 1 2 / 0 3 / 7 5 BUDGET ARE AS FOLLOWS
CORN FOP GRAIN,»=URRQW IRPIGATED, TEXAS HIGH PLAINS I REGION ESTIMATED COSTS AND RETURNS PER TYPICAL MANAGEMENT FUFL,OIL, F I X F D I TEM TIMES LABOR MACHINE LUB., REP. COSTS OPERAT ION NO. DATE OVER HOURS HOURS PFR ACRF PER SHREDDER It 53 NOV I. 0 0 0.245 0.163 0.9 7 0.35 TANDEM DISC 47 NOV 0.0 0. 159 0.07 0.2 3 TANDEM DISC 3,47 NOV 0.239 0.159 0.67 0.59 10 NOV 0.10 0.125 0.100 0.34 0.20 1, o DEC 0.0 0.0 0.0 0.0 HARROW 57 DEC 0.0 0. 139 0.01 0.05 10 DEC 0.10 0.125 0. 100 0.34 0.20 10 JAN 0.10 0.125 0. 100 0.34 0.20 OFFSET OISC 1,49 EFq 1.00 0.2 39 0.159 0.92 0.79 TANDEM DISC 3,47 FEB 0.2 39 0. 159 0.67 0.5 0 10 FEB 0.10 0.125 0.100 0.34 0.20 FLOAT 3,39 MAR 2.00 1.759 1.173 5.21 5.39 LTSTER 6-R 1,65 MAR 0.146 0.098 0.53 0.37 10 MAR 0.10 0.125 0. 100 0.34 0.20 ROD WFEDER 3,55 APR 0. 146 0.098 0.33 0.26 LISTER--PLANTFR 1,45 APR 0.231 0.1*4 0.97 0.90 HERB SPRAYER 61 APR 0.0 0.121 0.02 0.06 PTCKUP 10 APR o.io 0. 125 0. 100 0.34 0.2O ROLLING CUL T. 3,31 MAY 0.181 0.121 0.56 0.48 TOOL BAR 3,63 MAY I. 0 0 0.122 0.081 0.31 0.20 10 MAY O.LO 0.125 0. 100 0.34 0. 20 10 JUNE 0.10 0.125 0.100 0.34 O.20 10 JULY 0.10 0.125 0.100 0.34 0.20 10 AUG 0.10 0.125 0. 100 0.34 0.2O P ICKUP 10 SEPT 0.10 J1:LZ2 2_ TOTALS 4.923 3.334 14.99 13.47 LAND CHARGE RASED ON 6 0 L E S S 5 0 % C F I R R I G A T I O N F I X E D C O S T S, BUDGET IDENTIFICATICN NUMBER 72 001602 110 0 ANNUAL CAPITAL MONTH 9
-10- CORN FOR GRAIN, FURROW IRRIGATED, TEXAS HIGH PLAINS 1 ESTIMATED COSTS AND RETURNS PER HIGH LEVEL MANAGEMENT REGION UNIT PRICE OR COST/UNIT QUANTITY VALUE OP COST I. GROSS RECEIPTS CORN TOTAL FRCM PRODUCTION 2.70 140.00 3 7 8. 0 0 VARIABLE COSTS PREHARVEST SEED FFRT( 180-0-0) HERBICIDE INSECTICIDE INSFCT. APPLI. IRR IGATION LABORITRACTOR MACHINFRY) LABOR( IRRIGATION) INTEREST ON OP. CAP. SUBTOTAL, PRE-HARVEST HARVEST COSTS CUSTOM COMBINE CUSTOM HAUL CUSTOM DRYING SUBTOTAL, HARVEST TOTAL VARIABLF COST 3. IMCOMF ABOVF VARIABLE COSTS 4. FIXED COSTS IRRIGATION LAND (NET RENT) TOTAL FT XFO COSTS 5. TOTAL COSTS 6. NET RETURNS LBS. 0.95 25.00 23.75 36.45 36.45 6.7 5 6. 75 5.50 5.50 2.50 2.50 5.40 5.40 10.6 3 10.63 25.22 25.22 HOUR 2.75 5.21 14.34 HCUR 2.75 5.20 14.30 DOL. 0.10 48.97 Q 149.73 0.20 140.00 28.00 0.12 140.00 16.30 0.10 140.00 " 58.80 7.83 7.83 6.36 6.36 41.60 41.60 39.20." 94.99 LAND CHARGE BASFD ON 60 LESS 50 S OF IRRIGATION FIXED COSTS, M A r M T Y r n M D F N T ^ ^ I, S F * * - f l R E G I N * L I R I G ' L E V F L * L A N D C L A S 0 " G M T. C O D E 1 M A C H. C O M P. I R I G. S Y S T E M 1 P R I C F V E C T. 0. E Q U I P. C O M P. 0 ANNUAL CAPITAL MONTH 9 THE TFX1 INPUT CARDS STORED WITH THIS BUDGFT ARE AS FOLLOWS* R F I X 0 0 3 9. 2 0 0 1. 0 0 0 FND* 0 0 0.0 0.0 D AT E P R I N T F D : 1 2 / 0 3 / 7 5 203.53 169.47 303.53 74.47