Red
River Valley Reports For 1998
TABLE 12 - 16
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 CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 273 57 64
Number of farms 157 31 31
Acres 215.31 152.24 178.60
Yield per acre (bushel) 33.22 28.33 37.07
Operators share of yield % 100.00 100.00 100.00
Value per bushel 5.11 5.00 5.16
Total product return per acre 169.68 141.75 191.29
Miscellaneous income per acre 18.59 13.72 26.39
Gross return per acre 188.27 155.47 217.68
Direct expenses per acre
Seed 16.22 16.82 14.84
Fertilizer 5.46 7.08 6.75
Crop chemicals 26.87 31.94 21.56
Crop insurance 9.17 10.03 8.04
Drying fuel 0.03 0.00 0.06
Fuel & oil 5.68 5.05 6.39
Repairs 11.86 11.70 13.09
Custom hire 2.17 3.40 0.98
Hired labor 0.14 0.28 0.06
Land rent 59.12 65.13 50.02
Operating interest 5.49 6.95 4.06
Miscellaneous 0.49 0.17 0.62
Total direct expenses per acre 142.70 158.53 126.46
Return over direct expenses per acre 45.57 -3.06 91.22
Overhead expenses per acre
Custom hire 1.17 1.09 1.37
Hired labor 6.20 5.41 6.46
Machinery & bldg leases 2.97 4.50 1.64
Farm insurance 3.08 2.84 3.63
Utilities 1.92 1.86 2.63
Dues & professional fees 1.25 1.51 1.01
Interest 4.78 5.68 4.07
Mach & bldg depreciation 10.40 8.22 13.98
Miscellaneous 2.85 3.82 3.23
Total overhead expenses per acre 34.62 34.93 38.02
Total listed expenses per acre 177.33 193.45 164.48
Net return per acre 10.94 -37.99 53.20
Total direct expense per bushel 4.30 5.60 3.41
Total listed expense per bushel 5.34 6.83 4.44
Net return per bushel 0.33 -1.34 1.44
Breakeven yield per acre 31.08 35.92 26.76
Net return including govt. payments 34.79 -12.49 77.12
Lbr & mgt charge per acre 15.04 16.48 16.38
Net return over lbr & mgt 19.74 -28.97 60.74
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