Suppose you just purchased land to produce wheat. You want to graze stocker cattle for a portion of the growing season, then harvest the wheat for grain.

You determined you can graze the wheat and produce 126 lbs of steer gain per acre and still harvest 16 bushels per acre of wheat.

You have contracted your steers fro $1.39/lb and your wheat for $5.3114/bu.

You estimate the cost of maintaining 1 acre of wheat at $187/acre.

With the information above, calculate the profit (or loss) per acre you expect.