Red
River Valley Reports For 1998
TABLE 12 - 10
Crop Enterprise Analysis, 1998
Minnesota and North Dakota Farm Business Mgmt Education
Red River Valley
(Farms sorted according to Return to Overhead per Acre)
CORN ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 36 8 7
Number of farms 32 6 6
Acres 106.99 122.41 72.26
Yield per acre (bushel) 114.25 86.68 146.21
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.76 1.64 1.76
Total product return per acre 201.32 142.45 257.42
Miscellaneous income per acre 13.36 3.84 12.80
Gross return per acre 214.68 146.30 270.22
Direct expenses per acre
Seed 30.63 33.65 29.40
Fertilizer 32.72 36.88 28.77
Crop chemicals 20.08 16.91 20.82
Crop insurance 7.71 6.43 8.72
Drying fuel 4.31 8.22 1.64
Fuel & oil 8.20 6.87 8.24
Repairs 15.42 19.85 13.66
Custom hire 2.46 0.69 1.57
Operating interest 7.65 12.29 5.27
Miscellaneous 2.69 0.71 0.47
Total direct expenses per acre 131.86 142.50 118.55
Return over direct expenses per acre 82.82 3.79 151.68
Overhead expenses per acre
Custom hire 1.56 3.30 0.73
Hired labor 11.12 8.21 7.88
Machinery & bldg leases 2.20 2.46 4.35
RE & pers. property taxes 11.02 11.08 11.31
Farm insurance 4.34 3.28 3.72
Utilities 2.65 3.50 2.18
Dues & professional fees 2.02 1.49 1.94
Interest 39.78 31.70 42.36
Mach & bldg depreciation 13.47 16.33 11.68
Miscellaneous 4.37 7.42 2.11
Total overhead expenses per acre 92.51 88.75 88.25
Total listed expenses per acre 224.37 231.26 206.80
Net return per acre -9.69 -84.96 63.42
Total direct expense per bushel 1.15 1.64 0.81
Total listed expense per bushel 1.96 2.67 1.41
Net return per bushel -0.08 -0.98 0.43
Breakeven yield per acre 119.75 138.38 110.18
Net return including govt. payments 13.54 -60.20 87.00
Lbr & mgt charge per acre 17.31 23.74 15.24
Net return over lbr & mgt -3.78 -83.95 71.76
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