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Red River Valley Reports For 1998

 

 



                                            TABLE 12 - 18                                 
                                   Crop Enterprise Analysis, 1998                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                       (Farms sorted according to Return to Overhead per Acre)            

                                      SUGAR BEETS ON OWNED LAND                           


                                                  Average Of   Average Of   Average Of 
                                                   All Farms     Low 20%     High 20% 
                                                  ----------  -----------  -----------
            Number of fields                              75           18           12
            Number of farms                               53           11           11

            Acres                                      89.42        48.54        84.34
            Yield per acre (ton)                       19.63        11.85        22.92
            Operators share of yield %                100.00       100.00       100.00
            Value per ton                              33.06        31.96        32.95
            Total product return per acre             648.91       378.65       755.37
            Miscellaneous income per acre              29.25        68.70        37.00
            Gross return per acre                     678.16       447.35       792.37

            Direct expenses per acre
              Seed                                     39.75        43.19        38.13
              Fertilizer                               31.80        34.76        27.68
              Crop chemicals                          106.97       105.44       105.22
              Crop insurance                           13.17        15.27        10.67
              Fuel & oil                               22.51        25.94        22.69
              Repairs                                  48.46        51.37        24.32
              Custom hire                              12.88         5.59        13.14
              Hired labor                              17.18        29.48        22.34
              Sugar beet stock                         59.71        95.08        53.79
              Operating interest                       20.53        20.75        14.29
              Miscellaneous                             2.43         2.71         0.51
            Total direct expenses per acre            375.39       429.57       332.78
            Return over direct expenses per acre      302.77        17.78       459.59

            Overhead expenses per acre
              Custom hire                               3.00         2.16         4.59
              Hired labor                              29.46        22.26        17.44
              Machinery & bldg leases                   8.32        14.05        15.21
              RE & pers. property taxes                13.77         9.91        11.32
              Farm insurance                            4.95         6.97         3.24
              Utilities                                 7.53         5.51         5.89
              Dues & professional fees                  5.25         5.74         4.02
              Interest                                 63.78        46.71        72.12
              Mach & bldg depreciation                 43.59        44.96        39.07
              Miscellaneous                            11.83         7.65        11.11
            Total overhead expenses per acre          191.47       165.93       183.99
            Total listed expenses per acre            566.86       595.50       516.78
            Net return per acre                       111.30      -148.15       275.59

            Total direct expense per ton               19.13        36.26        14.52
            Total listed expense per ton               28.88        50.27        22.55
            Net return per ton                          5.67       -12.51        12.02
            Breakeven yield per acre                   16.26        16.48        14.56

            Lbr & mgt charge per acre                  58.77        59.29        55.19
            Net return over lbr & mgt                  52.53      -207.44       220.40


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