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South East Area Reports for 1998

Owned Rented
Wheat Average of Average of
1998 11 Farms 5 Farms
Acres 14.98 36.34
Yield per Acre (bushel) 36.20 43.84
Operators Share of Yield % 100.00 100.00
Value per Unit 3.01 3.05
Other Product Return per Acre 0.00 22.53
Total Product Return per Acre 108.92 156.41
Miscellaneous Income per Acre 48.79 3.34
Gross Return per Acre 157.71 159.75
Direct Costs per Acre
Seed 24.45 8.88
Fertilizer 8.36 39.50
Chemicals 2.34 4.41
Crop Insurance 0.46 6.07
Fuel and Oil 5.85 3.61
Repairs 4.74 5.37
Repair, Machinery 10.97 5.14
Custom Hire 12.03 5.99
Repair, Buildings 2.11 0.06
Marketing 0.54 0.00
Land Rent 0.00 80.57
Operating Interest 1.29 7.92
Miscellaneous 0.50 0.76
Total Direct Costs per Acre 73.64 168.28
Return Over Direct Expenses per Acre 84.08 -8.51
Overhead Costs per Acre
Hired Labor 4.68 1.12
Machinery & Building Leases 0.53 26.78
Real Estate Taxes 14.65 0.00
Farm Insurance 2.53 1.86
Utilities 2.37 3.02
Dues & Professional Fees 0.05 3.03
Interest: Interm/Lg Term Debt 43.16 8.54
Mach & Bldg Depreciation 21.79 19.95
Miscellaneous 2.83 1.69
Total Overhead Costs per Acre 92.59 65.99
Total Listed Costs per Acre 166.21 234.25
Net Return per Acre -8.50 -74.49
Total Direct Costs per Bushel 2.03 3.84
Total Listed Costs per Bushel 4.59 5.34
Net Return per Bushel -0.23 -1.70
Break Even Yield per Acre 39.02 68.24
Estimated Labor Hours per Acre 1.73 1.78
Net Return per Acre (incl govt pymt) 26.45 -55.52
Labor & Mgmt charge per Acre 23.11 28.64
Net Return over Labor & Mgmt 3.35 -84.16


Last Updated on 4/19/99

 


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