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South East Area Reports for 1999

 

 

                                         S.E. Minnesota FBM                               
                                   Crop Enterprise Analysis, 1999                         
                                (Farms sorted by Return to Overhead)                      

                                      PEAS ON CASH RENTED LAND                            


                                                   Average Of   Average Of   Average Of
                                                    All Farms    High 20%       Low 20%  
                                                   
          Number of fields                                 24            5            5
          Number of farms                                  24            5            5

          Acres                                         50.83        43.34        50.80
          Yield per acre (lb)                         3062.80      4480.55      2368.30
          Operators share of yield %                   100.00       100.00       100.00
          Value per lb                                   0.08         0.09         0.06
          Total product return per acre                232.10       389.94       144.83
          Miscellaneous income per acre                 11.20         0.00        23.08
          Gross return per acre                        243.31       389.94       167.91

          Direct expenses per acre
            Seed                                         3.53        10.25         8.21
            Fertilizer                                  17.20        13.54        37.33
            Crop chemicals                              11.02        11.30        15.32
            Crop insurance                               7.13         3.27         9.10
            Fuel & oil                                   4.71         5.49         5.90
            Repairs                                      5.47         4.16        13.32
            Repair, machinery                            5.93         9.23         6.66
            Custom hire                                  2.67         2.52         8.14
            Repair, buildings                            0.68         0.01         0.62
            Land rent                                  101.81        99.29       103.06
            Utilities                                    0.06         0.32         0.00
            Marketing                                    0.13         0.00         0.64
            Operating interest                           5.34         3.80         6.65
            Miscellaneous                                0.60         0.77         0.00
          Total direct expenses per acre               166.29       163.94       214.95
          Return over direct expenses per acre          77.02       225.99       -47.04

          Overhead expenses per acre
            Hired labor                                  2.38         1.92         1.36
            Machinery & bldg leases                      2.51         1.01         3.68
            RE & pers. property taxes                    0.02         0.00         0.00
            Farm insurance                               1.57         1.33         1.47
            Utilities                                    1.37         0.46         2.03
            Dues & professional fees                     0.43         0.24         0.83
            Interest                                     4.16         6.00         4.42
            Mach & bldg depreciation                    14.73        20.16        14.75
            Miscellaneous                                2.12         0.73         2.73
          Total overhead expenses per acre              29.30        31.87        31.28
          Total listed expenses per acre               195.59       195.81       246.23
          Net return per acre                           47.72       194.13       -78.32

          Total direct expense per lb                    0.05         0.04         0.09
          Total listed expense per lb                    0.06         0.04         0.10
          Net return per lb                              0.02         0.04        -0.03
          Breakeven yield per acre                    2433.12      2249.95      3648.99
          Est. labor hours per acre                      1.69         1.17         2.15

          Net return including govt. payments           70.09       206.90       -38.74
          Lbr & mgt charge per acre                     16.57        18.56        20.11
          Net return over lbr & mgt                     53.52       188.34       -58.85

 

 


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