Red
River Valley Reports For 1998
TABLE 12 - 25
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 SHARE RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 61 11 15
Number of farms 35 7 7
Acres 133.55 71.72 163.73
Yield per acre (bushel) 41.07 31.51 46.33
Operators share of yield % 63.46 65.61 67.98
Value per bushel 3.37 3.29 3.38
Total product return per acre 87.99 67.52 106.55
Miscellaneous income per acre 11.97 11.82 20.37
Gross return per acre 99.96 79.34 126.92
Direct expenses per acre
Seed 8.85 8.35 9.03
Fertilizer 26.49 28.40 26.59
Crop chemicals 12.86 24.46 10.73
Crop insurance 4.44 5.28 6.06
Fuel & oil 5.04 6.17 4.85
Repairs 10.17 10.52 9.65
Custom hire 2.25 0.79 3.74
Operating interest 3.01 3.22 1.95
Miscellaneous 0.64 0.25 0.53
Total direct expenses per acre 73.76 87.45 73.13
Return over direct expenses per acre 26.20 -8.11 53.79
Overhead expenses per acre
Custom hire 0.43 2.20 0.00
Hired labor 4.75 1.88 5.31
Machinery & bldg leases 1.83 1.30 2.65
Farm insurance 1.89 2.03 2.03
Utilities 1.77 2.09 2.02
Dues & professional fees 0.88 1.17 1.38
Interest 3.01 4.17 4.14
Mach & bldg depreciation 9.05 9.06 8.87
Miscellaneous 2.11 3.25 1.95
Total overhead expenses per acre 25.70 27.15 28.35
Total listed expenses per acre 99.46 114.61 101.48
Net return per acre 0.50 -35.27 25.44
Total direct expense per bushel 2.83 4.23 2.32
Total listed expense per bushel 3.82 5.54 3.22
Net return per bushel 0.02 -1.71 0.81
Breakeven yield per acre 40.92 47.63 35.30
Net return including govt. payments 12.84 -18.98 32.36
Lbr & mgt charge per acre 11.97 19.67 10.55
Net return over lbr & mgt 0.87 -38.66 21.81
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