South East Area Reports for 1999

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

                                       SOYBEANS ON OWNED LAND                             


                                                   Average Of   Average Of   Average Of
                                                    All Farms    High 20%       Low 20%  
                                                   
          Number of fields                                211           41           41
          Number of farms                                 197           39           39

          Acres                                        103.19       136.48        77.98
          Yield per acre (bushel)                       44.84        48.62        40.18
          Operators share of yield %                   100.00       100.00       100.00
          Value per bushel                               5.16         5.25         5.01
          Total product return per acre                231.36       255.26       201.20
          Miscellaneous income per acre                  6.54        13.41         2.13
          Gross return per acre                        237.91       268.68       203.33

          Direct expenses per acre
            Seed                                        20.64        18.79        22.58
            Fertilizer                                   2.97         1.46         4.37
            Crop chemicals                              23.08        20.83        25.27
            Crop insurance                               9.01         7.53        11.14
            Drying fuel                                  0.01         0.00         0.00
            Irrigation energy                            0.01         0.00         0.00
            Fuel & oil                                   7.74         8.09         9.13
            Repairs                                     10.38        12.56        12.40
            Repair, machinery                            7.93         5.69        11.14
            Custom hire                                  5.77         2.03        14.61
            Repair, buildings                            1.26         1.27         0.74
            Repair, irrigation equip                     0.06         0.23         0.00
            Hired labor                                  0.11         0.41         0.00
            Machinery & bldg leases                      0.88         1.19         1.67
            Utilities                                    0.03         0.00         0.00
            Marketing                                    0.54         0.63         0.65
            Operating interest                           6.67         3.21        13.09
            Miscellaneous                                1.03         0.33         0.67
          Total direct expenses per acre                98.12        84.24       127.46
          Return over direct expenses per acre         139.79       184.43        75.87

          Overhead expenses per acre
            Repair, machinery                            0.03         0.00         0.22
            Hired labor                                  5.05         5.33         7.96
            Machinery & bldg leases                      2.67         4.34         2.03
            RE & pers. property taxes                   14.91        15.55        12.40
            Farm insurance                               3.28         3.30         4.05
            Utilities                                    2.35         2.18         2.81
            Dues & professional fees                     0.81         1.35         1.46
            Interest                                    48.26        48.47        45.79
            Mach & bldg depreciation                    24.66        26.93        19.36
            Miscellaneous                                4.50         5.31         4.91
          Total overhead expenses per acre             106.52       112.75       100.97
          Total listed expenses per acre               204.64       196.99       228.43
          Net return per acre                           33.27        71.68       -25.10

          Total direct expense per bushel                2.19         1.73         3.17
          Total listed expense per bushel                4.56         4.05         5.69
          Net return per bushel                          0.74         1.47        -0.62
          Breakeven yield per acre                      38.39        34.97        45.19
          Est. labor hours per acre                      1.63         1.48         1.63

          Net return including govt. payments           76.26       114.39        21.66
          Lbr & mgt charge per acre                     26.00        23.57        26.20
          Net return over lbr & mgt                     50.26        90.82        -4.54

[ HOME | CURRICULUM | INSTRUCTORS | REPORTS | LINKS ]