Wheat Following Soybeans, Silt Loam Soils AG Tony E. Windham, Extension Economist - Management James Marshall, Extension Economist

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1 Estimating 2004 Costs of Production Wheat Following Soybeans, Silt Loam Soils AG Tony E. Windham, Extension Economist - Management James Marshall, Extension Economist ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM DIRECT EXPENSES CUSTOM SPRAY App by Air ( 3 gal) appl FERTILIZERS Phosphorus(46% P2O5) cwt Urea, Solid (46% N) cwt HERBICIDES Harmony Extra oz CROP SEED Wheat Seed Public lb ADJUVANTS Surfactant pt CUSTOM FERT/LIME Custom Apply Fert acre App Fert by Air cwt CUSTOM HARVEST/HAUL Haul Wheat bu OPERATOR LABOR Tractors hour Self-Propelled hour HAND LABOR Implements hour DIESEL FUEL Tractors gal Self-Propelled gal REPAIR & MAINTENANCE Implements Tractors Self-Propelled INTEREST ON OP. CAP TOTAL DIRECT EXPENSES FIXED EXPENSES Implements Tractors Self-Propelled TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES Visit our web site at: University of Arkansas, United States Department of Agriculture and County Governments cooperating The Arkansas Cooperative Extension Service offers its programs to all eligible person regardless of race, color, national origin, religion, gender, age, or disability, marital or veteran s status, or any other legally protected status, and is an Equal Opportunity Employer

2 Table 2. Estimated resource use and costs for field operations, per acre, Wheat Following Soybeans, Silt Loam Soils, 2004 POWER UNIT COST EQUIPMENT COST ALLOC LABOR OPERATING/DURABLE INPUT OPERATION/ SIZE/ POWER UNIT PERF TIMES TOTAL OPERATING INPUT UNIT SIZE RATE OVER MTH DIRECT FIXED DIRECT FIXED HOURS COST AMOUNT PRICE COST COST Disk Harrow 28' MFWD Oct Custom Apply Fert acre 1.00 Oct Phosphorus(46% P2O5) cwt Land Plane 50'x16' MFWD Oct Field Cultivate 24' MFWD Oct Grain Drill 20' MFWD Oct Wheat Seed Public lb Ditcher 2WD Oct App Fert by Air cwt 1.00 Feb App by Air ( 3 gal) appl 1.00 Mar Harmony Extra oz Surfactant pt App Fert by Air cwt 1.00 Mar Combine-Wheat 25' Jun Haul Wheat bu TOTALS INTEREST ON OPERATING CAPITAL 3.37 UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST Information presented in this document is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm operation. The mention of any commercial product in this analysis does not imply its endorsement by the University of Arkansas Cooperative Extension Service over other products not named, nor does the omission imply that they are not satisfactory. This budget does not include costs for land, overhead, or management. AG

3 Estimating 2004 Costs of Production Wheat Following Rice, Silt Loam Soils AG Tony E. Windham, Extension Economist - Management James Marshall, Extension Economist ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM DIRECT EXPENSES FERTILIZERS Phosphorus(46% P2O5) cwt Urea, Solid (46% N) cwt CROP SEED Wheat Seed Public lb CUSTOM FERT/LIME Custom Apply Fert acre App Fert by Air cwt CUSTOM HARVEST/HAUL Haul Wheat bu OPERATOR LABOR Tractors hour Self-Propelled hour HAND LABOR Implements hour DIESEL FUEL Tractors gal Self-Propelled gal REPAIR & MAINTENANCE Implements Tractors Self-Propelled INTEREST ON OP. CAP TOTAL DIRECT EXPENSES FIXED EXPENSES Implements Tractors Self-Propelled TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES Visit our web site at: University of Arkansas, United States Department of Agriculture and County Governments cooperating The Arkansas Cooperative Extension Service offers its programs to all eligible person regardless of race, color, national origin, religion, gender, age, or disability, marital or veteran s status, or any other legally protected status, and is an Equal Opportunity Employer

4 Table 2. Estimated resource use and costs for field operations, per acre, Wheat Following Rice, Silt Loam Soils, 2004 POWER UNIT COST EQUIPMENT COST ALLOC LABOR OPERATING/DURABLE INPUT OPERATION/ SIZE/ POWER UNIT PERF TIMES TOTAL OPERATING INPUT UNIT SIZE RATE OVER MTH DIRECT FIXED DIRECT FIXED HOURS COST AMOUNT PRICE COST COST Disk Harrow 28' MFWD Oct Custom Apply Fert acre 1.00 Oct Phosphorus(46% P2O5) cwt Land Plane 50'x16' MFWD Oct Field Cultivate 24' MFWD Oct Grain Drill 20' MFWD Oct Wheat Seed Public lb Ditcher 2WD Oct App Fert by Air cwt 1.00 Feb App Fert by Air cwt 1.00 Mar Combine-Wheat 25' Jun Haul Wheat bu TOTALS INTEREST ON OPERATING CAPITAL 2.92 UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST Information presented in this document is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm operation. The mention of any commercial product in this analysis does not imply its endorsement by the University of Arkansas Cooperative Extension Service over other products not named, nor does the omission imply that they are not satisfactory. This budget does not include costs for land, overhead, or management. AG

5 Estimating 2004 Costs of Production Wheat Following Soybeans, Clay Soils AG Tony E. Windham, Extension Economist - Management James Marshall, Extension Economist ITEM UNIT PRICE QUANTITY AMOUNT YOUR FARM DIRECT EXPENSES CUSTOM SPRAY App by Air ( 3 gal) appl FERTILIZERS Phosphorus(46% P2O5) cwt Urea, Solid (46% N) cwt HERBICIDES Harmony Extra oz CROP SEED Wheat Seed Public lb ADJUVANTS Surfactant pt CUSTOM FERT/LIME Custom Apply Fert acre App Fert by Air cwt CUSTOM HARVEST/HAUL Haul Wheat bu OPERATOR LABOR Tractors hour Self-Propelled hour HAND LABOR Implements hour DIESEL FUEL Tractors gal Self-Propelled gal REPAIR & MAINTENANCE Implements Tractors Self-Propelled INTEREST ON OP. CAP TOTAL DIRECT EXPENSES FIXED EXPENSES Implements Tractors Self-Propelled TOTAL FIXED EXPENSES TOTAL SPECIFIED EXPENSES Visit our web site at: University of Arkansas, United States Department of Agriculture and County Governments cooperating The Arkansas Cooperative Extension Service offers its programs to all eligible person regardless of race, color, national origin, religion, gender, age, or disability, marital or veteran s status, or any other legally protected status, and is an Equal Opportunity Employer

6 Table 2. Estimated resource use and costs for field operations, per acre, Wheat Following Soybeans, Clay Soils, 2004 POWER UNIT COST EQUIPMENT COST ALLOC LABOR OPERATING/DURABLE INPUT OPERATION/ SIZE/ POWER UNIT PERF TIMES TOTAL OPERATING INPUT UNIT SIZE RATE OVER MTH DIRECT FIXED DIRECT FIXED HOURS COST AMOUNT PRICE COST COST Disk Harrow 28' MFWD Oct Custom Apply Fert acre 1.00 Oct Phosphorus(46% P2O5) cwt Land Plane 50'x16' MFWD Oct Field Cultivate 24' MFWD Oct Grain Drill 20' MFWD Oct Wheat Seed Public lb Ditcher 2WD Oct App Fert by Air cwt 1.00 Feb Urea, Solid (46% N) cwt App by Air ( 3 gal) appl 1.00 Mar Harmony Extra oz Surfactant pt App Fert by Air cwt 1.00 Mar Urea, Solid (46% N) cwt Combine-Wheat 25' Jun Haul Wheat bu TOTALS INTEREST ON OPERATING CAPITAL 4.06 UNALLOCATED LABOR 0.00 TOTAL SPECIFIED COST Information presented in this document is prepared solely as a general guide and is not intended to recognize or predict the costs and returns from any one particular farm operation. The mention of any commercial product in this analysis does not imply its endorsement by the University of Arkansas Cooperative Extension Service over other products not named, nor does the omission imply that they are not satisfactory. This budget does not include costs for land, overhead, or management. AG