Statewide
Reports
State Averages
Crop Enterprise Analysis, 1996
(Farms sorted according to Return to Overhead per Acre)
SPRING WHEAT ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 454 78 101
Number of farms 352 70 70
Acres 119.04 168.11 50.82
Yield per acre (bushel) 44.29 35.38 58.78
Operators share of yield % 100.00 100.00 100.00
Value per bushel 4.22 3.92 4.54
Other product return per acre 0.01 0.00 0.00
Total product return per acre 186.73 138.79 267.11
Miscellaneous income per acre 5.25 1.88 16.39
Gross return per acre 191.99 140.67 283.51
Direct expenses per acre
Seed 13.54 13.30 13.52
Fertilizer 27.79 27.55 26.05
Crop chemicals 17.55 18.88 9.19
Crop insurance 6.65 7.77 3.35
Drying fuel 0.50 0.44 0.62
Irrigation energy 0.01 0.00 0.09
Fuel & oil 7.35 8.27 5.74
Repairs 10.37 8.96 8.22
Repair, machinery 1.94 2.91 2.26
Custom hire 3.26 4.06 1.93
Repair, buildings 0.16 0.27 0.29
Hired labor 0.16 0.00 0.13
Machinery & bldg leases 0.07 0.15 0.05
Utilities 0.02 0.03 0.01
Marketing 0.10 0.12 0.14
Operating interest 3.50 4.16 2.96
Miscellaneous 0.41 0.53 1.09
Total direct expenses per acre 93.45 97.41 75.64
Return over direct expenses per acre 98.53 43.26 207.87
Overhead expenses per acre
Repairs 0.10 0.00 0.00
Custom hire 0.47 1.07 0.25
Hired labor 3.60 2.05 4.53
Machinery & bldg leases 1.32 0.69 2.44
RE & pers. property taxes 9.25 5.78 10.58
Farm insurance 2.48 2.00 2.55
Utilities 1.89 2.00 1.60
Dues & professional fees 0.75 1.09 0.33
Interest 25.05 18.83 31.31
Mach & bldg depreciation 8.68 8.86 11.16
Miscellaneous 2.77 2.31 2.92
Total overhead expenses per acre 56.72 44.68 67.67
Total listed expenses per acre 150.17 142.09 143.31
Net return per acre 41.81 -1.42 140.20
Total direct expense per bushel 2.11 2.75 1.29
Total listed expense per bushel 3.39 4.02 2.44
Net return per bushel 0.94 -0.04 2.39
Breakeven yield per acre 34.37 35.74 27.93
Est. labor hours per acre 1.94 1.98 1.99
Net return including govt. payments 54.80 13.85 148.68
Lbr & mgt charge per acre 13.08 14.39 10.62
Net return over lbr & mgt 41.71 -0.54 138.06
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