Red
River Valley Reports For 1998
TABLE 12 - 17
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 SHARE RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 55 8 8
Number of farms 31 6 6
Acres 146.21 105.55 93.65
Yield per acre (bushel) 33.38 31.81 36.53
Operators share of yield % 64.21 60.45 67.88
Value per bushel 5.11 4.95 5.07
Total product return per acre 109.01 93.24 124.52
Miscellaneous income per acre 10.69 7.07 16.34
Gross return per acre 119.70 100.31 140.86
Direct expenses per acre
Seed 13.09 14.16 14.03
Fertilizer 1.23 7.03 1.25
Crop chemicals 23.36 27.38 19.50
Crop insurance 8.77 7.22 11.60
Fuel & oil 6.85 7.05 5.67
Repairs 13.14 14.40 13.05
Custom hire 1.85 2.22 0.00
Operating interest 4.22 6.91 3.82
Miscellaneous 0.74 0.00 0.00
Total direct expenses per acre 73.25 86.36 68.92
Return over direct expenses per acre 46.45 13.95 71.94
Overhead expenses per acre
Custom hire 0.36 0.60 0.73
Hired labor 7.49 4.01 4.97
Machinery & bldg leases 3.44 4.29 1.60
Farm insurance 2.23 2.71 2.15
Utilities 2.22 1.70 1.81
Dues & professional fees 1.39 0.64 0.81
Interest 3.12 5.04 4.70
Mach & bldg depreciation 11.48 5.83 15.10
Miscellaneous 2.59 4.03 3.25
Total overhead expenses per acre 34.32 28.85 35.12
Total listed expenses per acre 107.57 115.21 104.04
Net return per acre 12.13 -14.90 36.82
Total direct expense per bushel 3.42 4.49 2.78
Total listed expense per bushel 5.02 5.99 4.20
Net return per bushel 0.57 -0.78 1.48
Breakeven yield per acre 29.55 36.12 25.47
Net return including govt. payments 23.54 -1.37 50.51
Lbr & mgt charge per acre 14.77 11.73 18.25
Net return over lbr & mgt 8.77 -13.10 32.26
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