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Statewide Reports

                                           State Averages                                 
                                   Crop Enterprise Analysis, 1996                         
                       (Farms sorted according to Return to Overhead per Acre)            

                                      CORN SILAGE ON OWNED LAND                           


                                                   Average Of   Average Of   Average Of 
                                                    All Farms     Low 20%     High 20% 
                                                   ----------  -----------  -----------
          Number of fields                                700          137          141
          Number of farms                                 686          137          137

          Acres                                         35.38        39.95        31.29
          Yield per acre (ton)                          14.97        10.16        21.44
          Operators share of yield %                   100.00       100.00       100.00
          Value per ton                                 21.97        19.84        24.32
          Total product return per acre                328.91       201.63       521.40
          Miscellaneous income per acre                  3.37         2.86         1.13
          Gross return per acre                        332.28       204.49       522.53

          Direct expenses per acre
            Seed                                        23.48        21.03        26.93
            Fertilizer                                  31.58        33.12        34.37
            Crop chemicals                              26.79        23.84        30.62
            Crop insurance                               4.37         4.39         4.01
            Drying fuel                                  0.16         0.24         0.34
            Irrigation energy                            0.20         0.33         0.06
            Fuel & oil                                  14.77        14.79        15.59
            Repairs                                     18.79        25.87        10.68
            Repair, machinery                           13.33         9.83        18.44
            Custom hire                                  7.59         8.38         8.04
            Repair, buildings                            0.84         0.60         1.39
            Repair, irrigation equip                     0.04         0.03         0.08
            Hired labor                                  0.30         0.82         0.14
            Machinery & bldg leases                      0.23         0.16         0.22
            Utilities                                    0.01         0.04         0.00
            Marketing                                    0.05         0.00         0.09
            Operating interest                           4.21         4.70         4.83
            Miscellaneous                                2.43         2.48         1.96
                                                         0.04         0.00         0.00
          Total direct expenses per acre               149.19       150.66       157.80
          Return over direct expenses per acre         183.09        53.84       364.73

          Overhead expenses per acre
            Custom hire                                  0.02         0.00         0.00
            Hired labor                                  9.12         5.65        12.56
            Machinery & bldg leases                      2.60         3.31         4.21
            RE & pers. property taxes                    6.81         4.54        10.20
            Farm insurance                               2.81         2.30         3.28
            Utilities                                    3.27         2.60         3.42
            Dues & professional fees                     0.48         0.37         0.56
            Interest                                    37.22        25.81        48.96
            Mach & bldg depreciation                    27.27        24.98        34.69
            Miscellaneous                                4.15         2.77         4.05
          Total overhead expenses per acre              93.77        72.35       121.93
          Total listed expenses per acre               242.95       223.01       279.73
          Net return per acre                           89.32       -18.52       242.80

          Total direct expense per ton                   9.96        14.82         7.36
          Total listed expense per ton                  16.23        21.94        13.05
          Net return per ton                             5.97        -1.82        11.32
          Breakeven yield per acre                      10.91        11.10        11.46
          Est. labor hours per acre                      5.37         5.21         4.43

          Net return including govt. payments           94.60       -14.11       252.15
          Lbr & mgt charge per acre                     27.82        27.86        31.26
          Net return over lbr & mgt                     66.78       -41.96       220.89
                                                                               
                            

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