EWS Farms
	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