South
East Area Reports for 1999
S.E. Minnesota FBM
Crop Enterprise Analysis, 1999
(Farms sorted by Return to Overhead)
CORN ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms High 20% Low 20%
Number of fields 274 60 54
Number of farms 238 48 48
Acres 160.12 150.35 155.86
Yield per acre (bushel) 156.38 162.94 144.07
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.78 1.83 1.77
Other product return per acre 0.01 0.00 0.00
Total product return per acre 277.70 297.48 254.30
Miscellaneous income per acre 7.47 17.05 4.99
Gross return per acre 285.17 314.53 259.29
Direct expenses per acre
Seed 33.23 31.40 35.00
Fertilizer 44.87 35.84 51.66
Crop chemicals 31.68 29.50 33.42
Crop insurance 7.04 6.50 8.52
Drying fuel 6.61 4.47 8.05
Irrigation energy 0.09 0.01 0.02
Fuel & oil 9.30 8.80 11.58
Repairs 11.29 11.20 7.07
Repair, machinery 8.58 8.61 13.75
Custom hire 6.58 5.70 7.43
Repair, buildings 1.10 0.57 1.17
Repair, irrigation equip 0.00 0.00 0.00
Hired labor 0.03 0.10 0.00
Land rent 97.38 79.63 109.45
Machinery & bldg leases 2.10 0.46 4.83
Utilities 0.04 0.01 0.05
Marketing 1.96 0.98 5.80
Operating interest 7.79 5.08 7.73
Miscellaneous 1.23 2.28 0.62
Total direct expenses per acre 270.88 231.13 306.12
Return over direct expenses per acre 14.28 83.40 -46.83
Overhead expenses per acre
Hired labor 6.72 5.55 6.64
Machinery & bldg leases 6.45 10.76 4.72
RE & pers. property taxes 0.04 0.03 0.00
Farm insurance 3.09 2.74 3.82
Utilities 2.50 2.26 2.89
Dues & professional fees 0.65 0.27 0.69
Interest 9.07 7.97 10.62
Mach & bldg depreciation 26.68 21.61 32.50
Miscellaneous 4.76 6.70 3.64
Total overhead expenses per acre 59.97 57.88 65.52
Total listed expenses per acre 330.85 289.02 371.64
Net return per acre -45.69 25.51 -112.35
Total direct expense per bushel 1.73 1.42 2.12
Total listed expense per bushel 2.12 1.77 2.58
Net return per bushel -0.29 0.16 -0.78
Breakeven yield per acre 182.11 148.96 207.71
Est. labor hours per acre 2.10 1.93 2.30
Net return including govt. payments -3.19 63.56 -69.12
Lbr & mgt charge per acre 28.10 27.16 29.96
Net return over lbr & mgt -31.29 36.39 -99.07
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