TEXAS EDWARDS PLATEAU WESTERN
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1 r r TEXAS EDWARDS PLATEAU WESTERN FOREWORD The enterprise budgets for Texas Edwards Plateau-Western Region are based on yields, pro duction 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. Crop share rental agreements do not exist to any substantial degree. Land charges were, therefore, calculated by using a fair market value times an interest rate or a cash lease. r
2 TEXAS EDWARDS PLATEAU I WESTERN Assumed Prices Paid and Received by Farmers \J I tern Unit Price Prices Paid (1976) Seed: Cotton - Upland cwt Grain Sorghum cwt Wheat - Winter bu Custom Rates: Cotton (Harvest & Haul) - Upland lb. 1 int.07 Cotton (Ginning, Bags & Ties) - Upland ba le Grain (Harvest) acre.00 Grain (Haul) cwt..15 ' Fuel and Lubricants: Gasoline gal..42 Diesel gal..37 LP Gas gal..26 M o t o r ' O i l ( h e a v y d u t y, detergent) gal Ferti1izer: Nitrogen (granular) lb..21 Phosphorous lb..18 Labor: Labor (except hoeing) hr Labor (hoeing) hr Chemicals: Pre-emergence Herbicide gal Ma lath ion gal Methyl Parath ion gal Hai1 1nsurance: Cotton 0 14 Wheat 0 12 Prices Received ( 1976) Cotton - Upland lb. Int.40 Cottonseed ton 1.00 Grain Sorghum cwt Wheat bu Grazing lb. ga i n.15 \J These price assumptions are not to be interpreted as predictions or prospective prices.
3 > TEXAS EDWARDS PLATEAU I WESTERN 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 Costs Per Hour Tractor HP Tractor - 0 HP Tractor - 45 HP Pickup - 1/2 ton Rolling cult. 6R - 20 feet MB Plow 4B feet Chisel - 13 feet Tandem disc - 13 feet Grain drill - 16 feet Shredder 4R - 13 feet Herb sprayer - 24 feet Lister 8R - 27 feet Lister plant 8R - 27feet Bed planter - 27 feet Rolling cult. 8R - 27 feet Bed knife 8R - 27 feet Shredder 2R feet 16, , , , , , , , , , , , , , ho
4
5 -3- COTTON, DRYLAND, TEXAS EDWARDS PLATEAU WESTERN REGION ESTIMATED COSTS AND RETURNS PER TYPICAL NANAGEPENT P R I C E O R V A L U E O R UNIT COST/UNIT QUANTITY COST GROSS RECEIPTS FRCM PRODUCTICN COTTONSEED COTTON LINT TOTAL TON iio.oo LBS VARIABLE COSTS PREHARVEST SEED HAIL INSURANCE LABORURACTOR e INTEREST CN OP. SUBTCTAL, ) CAP. PRE-HARVEST HARVEST COSTS GIN, BAG, TIES CUST COTTON PICK SUBTOTAL, HARVEST TOTAL VARIABLE COST CWT. DOL. HCUR DOL. BALE LBS L l.*5fl *5(1 ~ BREAKEVEN PRICE, VARIABLE COSTS LBS FIXED COSTS LAND (NET RENT) TOTAL FIXED COSTS 5. TOTAL CCSTS 6. BREAKEVEN PRICE, TOTAL COSTS LBS *24 " * LAND (NET RENT) BASED ON LANDLORD'S SHARE OF 1/4 OF GROSS INCOME L E S S 1 / 4 O F G I N N I N G, B A G G I N G A N D T I E S. PLANTEO 2X1 SKIPROW. PROJECTED, 1976
6 COTTCN, DRYLAND, TEXAS ECWARDS PLATEAU WESTERN REGION ESTIMATED COSTS AND RETURNS PER TYPICAL MANAGEMENT OPERATION ITEM NO. DATE FUFL,0IL, FIXED T I M E S L A B O R M A C H I N E L U B., R E P. C O S T S CVER HCURS HOURS PER PER SHREDDER 2R TANDEM DISC MBPLOW 43 LISTER-PLANT ROLLING CULT LISTER-PLANT HERB SPRAYER BED KN IFE 8R 8R 8R 8R 1,69 DEC DEC DEC JAN 0. O.iOO 1,33 FEB FEB ,61 MAR MAR ,65 APR APR ,61 MAY i.oi MAY MAY ,67 JUNE JUNE JULY O.iO 0.0 SEPT NOV 0. -Q*125 _ U x25 -U*2ii TOTALS * LAND (NET RENT) BASED ON LANDLORD'S SHARE OF 1/4 CF GROSS INCOME L E S S 1 / 4 O F G I N N I N G, B A G G I N G A N D T I E S. P L A N T E D 2 X 1 S K I P R O W. P R O J E C T E D, BUDGET IDENTIFICATICN NUMBER ANNUAL CAPITAL MONTH il
7 -5- COTTON, DRYLAND, TEXAS EDWARDS PLATEAU WESTERN REGION ESTIMATED COSTS AND RETURNS PER HIGH LEVEL MANAGEMENT P R I C E O R V A L U E O R UNIT COST/UNIT QUANTITY COST 1. GROSS RECEIPTS COTTONSEED COTTON LINT TOTAL FRCM PRODUCTION TON LBS _12 LlPJ} 143. VARIABLE COSTS PREHARVEST SEED FERT( ) HAIL INSURANCE LABCR(TRACTOR & ) INTEREST CN OP. CAP. SUBTCTAL, PRE-HARVEST HARVEST COSTS GIN, BAG, TIES CUST COTTCN PICK SUBTCTAL, HARVEST TOTAL VARIABLE CCST 4. FIXED COSTS LAND (NET RENT) TOTAL FIXED COSTS 5. TOTAL COSTS CWT. DOL. HCUR DOL. BALE 3. BREAKEVEN PRICE, VARIABLE CCSTS LBS *124. "*f _21*QQ " *55 " BREAKEVEN PRICE, TOTAL COSTS LBS. * LAND CHARGE BASED CN LANDLORDS SHARE CF GROSS (1/4) LESS 1/4 OF FERTILIZER AND GINNING. PROJECTED, 1976 PLANTED 2X1 SKIPROW.
8 -6- COTTON, DRYLAND, TEXAS EDWARDS PLATEAU WESTERN ESTIMATED COSTS AND RETURNS PER HIGH LEVEL MANAGEMENT REGION OPERATION ITEM NO. DATE FUEL,OIL, FIXED T I M E S L A B C R M A C H I N E L U B., R E P. C O S T S OVER HOURS HOURS PER PER SFREDDER 2R TANDEM DISC MBPLOW 49 LISTER-PLANT 8R ROLLING CULT. 8R LISTER-PLANT 8R HERB SPRAYER BED KN IFE 8R 3, ,33 1,61 3,65 1, ,67 DEC DEC DEC JAN FEB FEB MAR MAR APR APR MAY MAY MAY JUNE JUNE JULY SEPT NOV O.iO O.iO Q* Q*1Q i Q* G*20_ TOTALS * LAND CHARGE BASED CN LANDLORDS SHARE OF GROSS FERTILIZER AND GINNING. PLANTED 2 X 1 SKIPROW. ( 1 / 4 ) L E S S 1 / 4 O F PROJECTED, 1976 BUDGET IDENTIFICATION NUMBER ANNUAL CAPITAL MONTH 11
9 -7- COTTGN, IRRIGATED, TEXAS EDWARDS PLATEAU WESTERN REGION ESTIMATED COSTS ANO RETURNS PER (FURRCW) TYPICAL MANAGEMENT (PREPLANT PLUS 1 PCSTPLANT) P R I C E C R V A L U E O R UNIT COST/UNIT QUANTITY COST 1. GROSS RECEIPTS COTTONSEED COTTCN LINT TOTAL FRCM PRODUCTION 2. VARIABLE COSTS PREHARVEST SEED FERT( ) INSECTICIDE HERBICIDE HAIL INSURANCE IRRIGATION LABOR(TRACTOR ) LABOR( IRR IGATION) INTEREST CN OP. CAP. SUBTOTAL, PRE-HARVEST HARVEST COSTS GIN, BAG, TIES CUST COTTCN PICK SUBTOTAL, HARVEST TON LBS Q_*Q0. % CWT i DOL HOUR HOUR DOL * BALE LBS *25 " TOTAL VARIABLE CCST 3. B R E A K E V E N P R I C E, VA R I A B L E C O S T S LBS FIXED COSTS IRRIGATION LANC (NET RENT) TOTAL FIXED COSTS 5. TOTAL COSTS 6. BREAKEVEN PRICE, TOTAL COSTS * LBS. * LAND CHARGE BASED CN LANDLORDS SHARE OF GROSS (1/4) LESS 1/4 OF FERTILIZER, GINNING AND 50 PCT. OF IRRI. FIXED COSTS PROJECTED,
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