Red
River Valley Reports For 1998
TABLE 12 - 11
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 CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- ----------- -----------
Number of fields 87 15 14
Number of farms 66 13 13
Acres 157.20 142.81 263.84
Yield per acre (bushel) 114.30 78.17 142.45
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.85 1.67 2.06
Total product return per acre 211.26 130.44 293.59
Miscellaneous income per acre 20.98 13.45 22.91
Gross return per acre 232.24 143.89 316.51
Direct expenses per acre
Seed 32.42 32.34 32.72
Fertilizer 32.98 33.81 33.51
Crop chemicals 22.27 25.07 24.94
Crop insurance 8.13 7.41 6.53
Drying fuel 4.32 1.65 5.26
Fuel & oil 6.94 6.50 7.05
Repairs 15.16 17.36 16.25
Custom hire 3.55 4.81 2.03
Land rent 62.34 63.95 64.59
Machinery & bldg leases 0.30 0.10 0.00
Operating interest 9.11 8.96 8.92
Miscellaneous 0.65 0.11 1.26
Total direct expenses per acre 198.16 202.08 203.07
Return over direct expenses per acre 34.08 -58.19 113.44
Overhead expenses per acre
Custom hire 1.83 1.29 2.38
Hired labor 9.24 4.00 15.31
Machinery & bldg leases 3.37 4.63 2.52
Farm insurance 3.27 2.53 4.83
Utilities 2.65 2.43 2.59
Dues & professional fees 1.81 0.40 1.31
Interest 6.35 9.26 4.61
Mach & bldg depreciation 12.91 11.68 11.11
Miscellaneous 2.80 3.77 1.83
Total overhead expenses per acre 44.23 39.99 46.49
Total listed expenses per acre 242.39 242.07 249.55
Net return per acre -10.15 -98.18 66.96
Total direct expense per bushel 1.73 2.59 1.43
Total listed expense per bushel 2.12 3.10 1.75
Net return per bushel -0.09 -1.26 0.47
Breakeven yield per acre 119.79 137.01 109.96
Net return including govt. payments 11.58 -75.24 85.09
Lbr & mgt charge per acre 17.97 21.90 15.20
Net return over lbr & mgt -6.39 -97.14 69.89
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