Table 1. Projected costs and returns per acre for Texas pinto beans (1990).
Cost and Return Budget
Income Quantity Unit $/Unit Your Total Estimate
Pinto Beans 18.00 cwt 20.00 $360.00
Total $360.00
Variable Expenses

Seed 80.00 lb 0.60 48.00
Nitrogen 40.00 lb 0.24 9.60
Phosphate 60.00 lb 0.22 13.20
Trace Elements 1.00 appl 4.00 4.00
Fertilizer Application 1.00 acre 3.00 3.00
Herbicide and Application 1.00 acre 10.00 10.00
Inoculant 1.00 acre 6.00 6.00
Insecticide and Application 1.00 appl 6.00 6.00
Hoeing 1.00 appl 10.00 10.00
Other Chemical and Application 1.00 acre 0.00 0.00
Fuel, Labor, Repairs for Operations Performed
Shred
 1.00 trips 4.00 4.00
Chisel
 1.00 trips 5.00 5.00
Disk
 2.00 trips 4.00 8.00
List
 1.00 trips 5.00 5.00
Rodweed
 1.00 trips 5.00 5.00
Plant
 1.00 trips 6.00 6.00
Rotary Hoe
 2.00 trips 3.00 6.00
Sand Fighter
 1.00 trips 2.00 2.00
Cultivate
 2.00 trips 4.00 8.00
Spot Spray
 1.00 trips 10.00 0.00
Other
 1.00 trips 5.00 0.00
Irrigation
Fuel
 12.00 acin 3.00 36.00
Labor
 12.00 acin 1.00 12.00
Repairs
 12.00 acin 0.50 6.00
Interest On Operating Capital 104.40 dol 0.10 10.44
Total Pre-harvest costs
 $223.24

Harvest Costs
Custom Combine
 1.00 acre 16.00 16.00
Custom Haul
 18.00 cwt 0.75 13.50
Dry, Clean
 18.00 cwt 0.75 13.50
Marketing Costs
 18.00 acin 0.25 4.50
Total Harvesting Costs
 $47.50
Total Variable Costs
 $270.74
Net Income Above Variable Costs
 $89.26

Fixed Costs

Tractor 1.00 acre 18.00 18.00
Machinery 1.00 acre 7.50 7.50
Irrigation Equipment 1.00 acre 15.00 15.00
Interest on Fixed Investment 40.50 dol 0.08 3.24
Land (Cash Rent) 1.00 acre 25.00 25.00
Other Overhead 1.00 acre 0.00 0.00
Total Fixed Costs
 $68.74
Total Costs
 $339.48
Total Fixed Costs $20.52

Break-Even Prices at Various Yields
Yield
-20%
-10%
*
+10%
+20%		 Break-Even Price
14.40 cwt $23.56/cwt
16.20 cwt $20.00/cwt
18.00 cwt $18.86/cwt
19.80 cwt $17.15/cwt
21.60 cwt $15.72/cwt

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