Wheat

Table 5.  Wheat for Low, Average, And High Productivity Soils
				Low			Medium			High
				productivity soil			productivity soil			productivity soil
			Price		Value			Value			Value
		Unit	per unit	Quantity	per acre		Quantity	per acre		Quantity	per acre
Production and revenue
	Wheat grain	bu.	$2.75	61.0	$167.65		68.6	$188.78		76.0	$209.07
	Other revenue	$/acre			$0.00			$0.00			$0.00
Total revenue					$167.65			$188.78			$209.07
Direct Charges
	Nitrogen (Urea)	lb.	$0.27	59.2	$15.98		72.6	$19.60		85.5	$23.09
	Phosphate	lb.	$0.18	38.4	$6.91		43.2	$7.78		47.9	$8.62
	Potash	lb.	$0.13	42.6	$5.54		45.4	$5.90		48.1	$6.25
	Lime	lb.	$0.006	177.6	$1.07		217.8	$1.31		256.5	$1.54
	Total fertilizer & lime				$29.50			$34.58			$39.50
	Wheat seed	bu.	$6.50	2.0	$13.00		2.0	$13.00		2.0	$13.00
	Hauling	bu.	$0.060	61.0	$3.66		68.6	$4.12		76.0	$4.56
	Machinery fuel	gal.	$1.20	4.0	$4.80		4.0	$4.80		4.0	$4.80
	Machinery repairs	acre	$1.00	4.00	$4.00		5.00	$5.00		5.00	$5.00
	Crop insurance	acre	$1.00	4.00	$4.00		4.00	$4.00		4.00	$4.00
	Miscellaneous	acre	$1.00	3.00	$3.00		3.00	$3.00		3.00	$3.00
	Interest on direct charges	percent	9.50%	$35.57	$3.38		$39.64	$3.77		$43.33	$4.12
Total direct charges					$65.34			$72.27			$77.98
Overhead charges
	Machinery replacement	$			$52.10			$52.10			$52.10
	Drying/handling equip & facilities	$			$7.20			$7.20			$7.20
	Family & hired labor	$			$37.00			$37.00			$37.00
	Land	acre			$98.00			$121.00			$150.00
Total overhead charges					$194.30			$217.30			$246.30
Total Expenses					$259.64			$289.57			$324.28
Summary
	Revenue less direct charges	$/acre			$102.31			$116.50			$131.09
	Direct charges per bushel	$/bu.			$1.07			$1.05			$1.03
	Revenue less total charges	$/acre			-$91.99			-$100.80			-$115.21
	Total charges per bushel	$/bu.			$4.26			$4.22			$4.27
	Government payment1	$/acre			$19.66			$22.12			$24.50
	Revenue + government payment
	less direct charges	$/acre			$121.97			$138.62			$155.59
	Revenue + government payment
	less total charges	$/acre			-$72.33			-$78.68			-$90.71
1Government payments are based on the assumption that wheat base acres are						100%	of total wheat acres.