Red
River Valley Reports For 1998
TABLE 12 - 2
Crop Enterprise Analysis, 1998
Minnesota and North Dakota Farm Business Mgmt Education
Red River Valley
(Farms sorted according to Return to Overhead per Acre)
BARLEY ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 75 19 13
Number of farms 59 12 12
Acres 143.08 164.77 104.17
Yield per acre (bushel) 57.65 45.18 61.48
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.67 1.44 2.28
Total product return per acre 96.30 64.95 140.31
Miscellaneous income per acre 13.52 6.80 16.69
Gross return per acre 109.82 71.76 157.01
Direct expenses per acre
Seed 7.69 7.24 7.89
Fertilizer 23.00 25.90 22.40
Crop chemicals 15.97 19.68 8.82
Crop insurance 5.92 7.67 4.03
Drying fuel 0.03 0.00 0.00
Fuel & oil 4.42 4.37 4.48
Repairs 9.46 10.26 9.49
Custom hire 2.13 0.29 2.80
Hired labor 0.08 0.00 0.01
Land rent 56.51 60.32 55.04
Operating interest 4.17 4.79 2.92
Miscellaneous 0.21 0.18 0.04
Total direct expenses per acre 129.59 140.70 117.91
Return over direct expenses per acre -19.77 -68.94 39.10
Overhead expenses per acre
Custom hire 0.65 1.37 0.03
Hired labor 4.45 3.45 3.57
Machinery & bldg leases 1.42 1.40 1.97
Farm insurance 2.23 2.48 1.58
Utilities 1.22 1.13 1.12
Dues & professional fees 1.12 0.43 0.80
Interest 4.76 4.45 7.04
Mach & bldg depreciation 8.68 7.42 8.31
Miscellaneous 2.43 1.69 1.22
Total overhead expenses per acre 26.97 23.82 25.63
Total listed expenses per acre 156.56 164.52 143.55
Net return per acre -46.74 -92.76 13.46
Total direct expense per bushel 2.25 3.11 1.92
Total listed expense per bushel 2.72 3.64 2.33
Net return per bushel -0.81 -2.05 0.22
Breakeven yield per acre 85.63 109.70 55.58
Net return including govt. payments -23.22 -64.20 34.68
Lbr & mgt charge per acre 11.52 11.86 12.71
Net return over lbr & mgt -34.74 -76.06 21.97
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