2015 Costs and Returns for Irrigated Soft White Wheat, Box Elder County

Farm. The representative farm consists of 720 acres of farmland that is both leased and owned on which 200 acres are cultivated for irrigated soft white wheat production and the remaining acres consist of alfalfa or grain corn production. The market value for irrigated agricultural land with water rights varies widely by area and soil type. In this budget, land is valued at $4,500 per acre. Flood irrigation is used for all crops. Water is leased at the rate of $18/acre. Receipts. Commodity prices were determined from an average of December 2014 and January 2015 weekly Utah Department of Agriculture and Food Market News Reports. Production average of 110 bushels per acre is determined by interviews with local producers and crop advisors.