1. Cost Conscious Wheat Production
Trent Milacek
NW Area Ag Econ Specialist

2. Grains

7. Softs

9. Meats

11. What costs do you consider?
Fuel?
Fertilizer?
Insurance?
Chemicals?
Seed?
Labor?
Hired Labor?
Machinery?
Mortgage?
Taxes?
Family Living?
Rent/Land?

12. Know your potential.
Efficient investment is dependent upon accurate yield goals.
Do everything you can to maximize yield and hope for rainfall.

13. Remaining investments.
Yield goal of 30bu.
Net revenue of $120/acre
Yield goal of 50bu.
40 lbs. of $0.30/lb.
Cost $12/acre. Application $5/ac.
Potential yield increase of 20 bu.
Potential rev. increase of $80
Net revenue of $183/acre
Potential loss of $17/acre.

14. Maintaining yield potential
Yield goal of 30 bu.
Yield reduction of 10% due to rust is 3 bu.
Effective yield goal of 27 bu.
Revenue of $108/acre.
Yield goal of 30 bu.
Fungicide application costing $15/acre.
Effective yield goal of 30 bu.
Revenue of $105/acre

15. High yield goal with fungicide
Yield goal of 50 bu.
Yield reduction of 10% due to rust is 5bu.
Effective yield goal of 45 bu.
Revenue of $180/acre.
Yield goal of 50 bu.
Fungicide application costing $15/acre.
Effective yield goal of 50 bu.
Revenue of $185/acre

16. Questions? Trent Milacek NW Area Ag Econ Specialist
Questions?