The most important factor in the success of any developed economic plan is the project itself, In regardless of size and type. In many countries, the agricultural and cooperative projects are considered the base of agricultural development. The feasibility of planning and producing wheat at Al-Abaichi Farm-Ishaqi Research Station in Salah Al-Din governorate was the main goal of this research. The data was collected via a questionnaire during the crop production season of 2011-2012. The results showed that the estimated criteria of economic feasibility which has been applied to the sample were positive. The project made net profit about 146 million Iraqi Dinars. Whereas the returning rate of invested Dinar was 1.802, and the total efficiency was 1.3. The efficiency of the input variables raised to 2.3 for every Dinar was spend on inputs. This was measured by the productivity of the invested capital criteria about 3.3. The farm produces about 172.2 tons of wheat in order to make economic profit. In conclusion, the farm is economically and financially efficient in producing wheat which is attributed to the pricing policy. We recommend that further studies should be done considering the technical efficiency of producing wheat.