Red
River Valley Reports For 1998
TABLE 12 - 24
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 CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 281 75 57
Number of farms 169 34 34
Acres 256.16 256.20 181.42
Yield per acre (bushel) 41.01 31.95 48.56
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.28 3.15 3.39
Total product return per acre 134.59 100.68 164.39
Miscellaneous income per acre 12.85 15.75 19.98
Gross return per acre 147.44 116.43 184.36
Direct expenses per acre
Seed 11.80 13.20 11.42
Fertilizer 26.68 30.96 24.64
Crop chemicals 20.33 22.55 18.38
Crop insurance 6.80 7.00 6.11
Drying fuel 0.10 0.00 0.04
Fuel & oil 4.47 4.14 4.75
Repairs 9.07 10.01 8.63
Custom hire 2.23 1.63 3.13
Hired labor 0.25 0.87 0.00
Land rent 59.99 68.32 54.03
Operating interest 4.17 5.68 3.27
Miscellaneous 0.59 0.35 0.41
Total direct expenses per acre 146.47 164.71 134.82
Return over direct expenses per acre 0.97 -48.28 49.54
Overhead expenses per acre
Custom hire 1.23 1.93 0.95
Hired labor 5.48 5.33 7.82
Machinery & bldg leases 2.58 2.74 1.74
Farm insurance 3.15 3.41 4.16
Utilities 1.50 1.49 1.85
Dues & professional fees 1.06 0.87 1.36
Interest 3.90 4.05 3.37
Mach & bldg depreciation 8.09 6.92 10.04
Miscellaneous 2.42 2.63 2.06
Total overhead expenses per acre 29.41 29.37 33.36
Total listed expenses per acre 175.88 194.08 168.18
Net return per acre -28.44 -77.65 16.18
Total direct expense per bushel 3.57 5.15 2.78
Total listed expense per bushel 4.29 6.07 3.46
Net return per bushel -0.69 -2.43 0.33
Breakeven yield per acre 49.68 56.60 43.78
Net return including govt. payments -2.92 -51.76 40.77
Lbr & mgt charge per acre 12.01 12.78 11.28
Net return over lbr & mgt -14.93 -64.54 29.49
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