Red
River Valley Reports For 1998
TABLE 12 - 15
Crop Enterprise Analysis, 1998
Minnesota and North Dakota Farm Business Mgmt Education
Red River Valley
(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 113 22 25
Number of farms 88 18 18
Acres 121.30 106.38 118.71
Yield per acre (bushel) 32.56 25.96 38.01
Operators share of yield % 100.00 100.00 100.00
Value per bushel 5.12 5.04 5.20
Total product return per acre 166.59 130.81 197.79
Miscellaneous income per acre 22.35 13.48 35.73
Gross return per acre 188.94 144.29 233.52
Direct expenses per acre
Seed 15.99 15.88 14.17
Fertilizer 5.69 6.84 6.82
Crop chemicals 26.03 30.55 22.58
Crop insurance 8.64 8.17 8.73
Drying fuel 0.04 0.07 0.00
Fuel & oil 7.22 6.47 7.55
Repairs 13.07 14.82 13.62
Custom hire 2.42 2.09 2.20
Hired labor 0.09 0.00 0.27
Operating interest 4.77 5.91 3.10
Miscellaneous 0.54 1.17 0.35
Total direct expenses per acre 84.47 91.98 79.39
Return over direct expenses per acre 104.47 52.31 154.13
Overhead expenses per acre
Custom hire 0.90 1.53 0.84
Hired labor 5.93 4.76 5.75
Machinery & bldg leases 2.02 2.15 1.35
RE & pers. property taxes 11.53 13.84 10.52
Farm insurance 3.19 2.67 2.98
Utilities 2.13 2.90 2.16
Dues & professional fees 1.50 2.01 1.52
Interest 37.73 34.70 28.06
Mach & bldg depreciation 11.92 10.54 14.10
Miscellaneous 3.18 3.78 2.95
Total overhead expenses per acre 80.04 78.87 70.22
Total listed expenses per acre 164.51 170.85 149.61
Net return per acre 24.43 -26.56 83.91
Total direct expense per bushel 2.59 3.54 2.09
Total listed expense per bushel 5.05 6.58 3.94
Net return per bushel 0.75 -1.02 2.21
Breakeven yield per acre 27.79 31.23 21.89
Net return including govt. payments 47.59 -2.00 108.63
Lbr & mgt charge per acre 17.25 20.36 15.31
Net return over lbr & mgt 30.34 -22.36 93.32
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