Red
River Valley Reports For 1998
TABLE 12 - 23
Crop Enterprise Analysis, 1998
Minnesota and North Dakota Farm Business Mgmt Education
Red River Valley
(Farms sorted according to Return to Overhead per Acre)
SPRING WHEAT ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 144 36 27
Number of farms 115 23 23
Acres 190.43 227.93 173.71
Yield per acre (bushel) 41.01 29.91 49.82
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.30 3.25 3.41
Total product return per acre 135.48 97.33 169.99
Miscellaneous income per acre 13.78 12.70 28.29
Gross return per acre 149.26 110.04 198.29
Direct expenses per acre
Seed 11.28 11.12 11.21
Fertilizer 26.64 30.24 24.01
Crop chemicals 21.49 28.57 19.69
Crop insurance 7.24 8.44 6.26
Drying fuel 0.16 0.00 0.23
Fuel & oil 4.75 3.84 5.11
Repairs 9.40 9.44 8.55
Repair, machinery 0.36 0.10 0.33
Custom hire 1.95 1.45 2.58
Hired labor 0.12 0.06 0.21
Operating interest 3.96 5.98 2.34
Miscellaneous 0.63 0.21 0.66
Total direct expenses per acre 87.52 99.36 80.82
Return over direct expenses per acre 61.74 10.67 117.46
Overhead expenses per acre
Custom hire 1.09 0.23 0.85
Hired labor 5.82 7.24 6.68
Machinery & bldg leases 1.83 3.73 0.52
RE & pers. property taxes 12.86 13.78 11.47
Farm insurance 3.41 3.36 5.29
Utilities 1.73 2.04 1.46
Dues & professional fees 0.82 0.59 0.94
Interest 36.29 38.65 29.58
Mach & bldg depreciation 8.64 7.81 9.56
Miscellaneous 2.38 2.66 1.74
Total overhead expenses per acre 74.88 80.09 68.10
Total listed expenses per acre 162.40 179.45 148.92
Net return per acre -13.14 -69.42 49.37
Total direct expense per bushel 2.13 3.32 1.62
Total listed expense per bushel 3.96 6.00 2.99
Net return per bushel -0.32 -2.32 0.99
Breakeven yield per acre 44.98 51.23 35.35
Net return including govt. payments 11.94 -50.46 75.01
Lbr & mgt charge per acre 11.50 9.12 11.04
Net return over lbr & mgt 0.45 -59.59 63.98
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