General
General Information
Crop Enterprise:   Dryland Wheat
Crop acres: 750 acres Normal annual yield: 35 bushels
Production cost per acre: $96.77 Initial market price: $2.98 per bushel
Inventory: 0 bushels Annual government payment: $13,677
Crop Enterprise:   Dryland Corn
Crop acres: 500 acres Normal annual yield: 50 bushels
Production cost per acre: $113.50 Initial market price: $2.25 per bushel
Inventory: 0 bushels Annual government payment: $8,017
Crop Enterprise:   Irrigated Corn
Crop acres: 500 acres Normal annual yield: 200 bushels
Production cost per acre: $352.00 Initial market price: $2.25 per bushel
Inventory: 0 bushels Annual government payment: $16,811
Expected Revenues
Sales Units Revenue
Dryland Wheat 26,250 bushels
$78,225
Dryland Corn 25,000 bushels
$56,250
Irrigated Corn 100,000 bushels
$225,000
Lease payments to others
-$39,555
Government Payments
$38,505
Annual Total:
$358,425
Expected Expenses
Units Expense
Dryland Wheat 750 acres
$72,578
Dryland Corn 500 acres
$56,750
Irrigated Corn 500 acres
$176,000
Cost adjustment for leased acres
-$32,760
Other costs (dep., int., etc.)
$56,706
Annual Total:
$329,274
Expected Annual Net Farm Income:
$29,151