Statewide
Reports
State Averages
Crop Enterprise Analysis, 1996
(Farms sorted according to Return to Overhead per Acre)
SOYBEANS ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 1158 219 218
Number of farms 1064 213 213
Acres 94.14 78.65 101.38
Yield per acre (bushel) 39.00 28.06 47.10
Operators share of yield % 100.00 100.00 100.00
Value per bushel 6.68 6.51 6.72
Other product return per acre 0.00 0.00 0.00
Total product return per acre 260.47 182.57 316.72
Miscellaneous income per acre 2.95 2.86 7.22
Gross return per acre 263.43 185.42 323.94
Direct expenses per acre
Seed 15.43 17.56 14.03
Fertilizer 3.32 5.93 1.57
Crop chemicals 29.95 33.75 27.33
Crop insurance 9.77 9.68 9.12
Drying fuel 0.02 0.09 0.00
Irrigation energy 0.04 0.02 0.01
Fuel & oil 9.09 9.70 8.42
Repairs 11.50 13.74 9.41
Repair, machinery 7.24 7.59 6.89
Custom hire 3.24 4.35 2.42
Repair, buildings 0.81 0.75 0.78
Repair, irrigation equip 0.05 0.02 0.00
Hired labor 0.52 0.83 0.90
Machinery & bldg leases 0.40 0.56 0.29
Utilities 0.06 0.07 0.01
Marketing 0.56 0.38 0.56
Operating interest 6.70 8.12 4.51
Miscellaneous 0.81 1.05 0.58
0.03 0.00 0.00
Total direct expenses per acre 99.55 114.18 86.84
Return over direct expenses per acre 163.88 71.24 237.10
Overhead expenses per acre
Repairs 0.04 0.00 0.00
Repair, machinery 0.08 0.00 0.23
Custom hire 0.02 0.11 0.00
Repair, buildings 0.00 0.00 0.02
Hired labor 5.10 3.67 6.32
Machinery & bldg leases 1.80 1.71 1.77
RE & pers. property taxes 13.18 10.30 15.18
Farm insurance 2.75 2.74 2.47
Utilities 2.50 2.89 2.34
Dues & professional fees 0.60 0.88 0.40
Interest 42.31 39.27 44.80
Mach & bldg depreciation 20.19 14.43 26.39
Miscellaneous 3.89 4.36 4.12
0.01 0.00 0.01
Total overhead expenses per acre 92.48 80.36 104.05
Total listed expenses per acre 192.03 194.55 190.89
Net return per acre 71.40 -9.12 133.05
Total direct expense per bushel 2.55 4.07 1.84
Total listed expense per bushel 4.92 6.93 4.05
Net return per bushel 1.83 -0.33 2.82
Breakeven yield per acre 28.31 29.47 27.31
Est. labor hours per acre 2.42 2.60 2.19
Net return including govt. payments 77.38 -3.46 140.25
Lbr & mgt charge per acre 25.08 23.06 29.08
Net return over lbr & mgt 52.29 -26.52 111.17
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