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Red River Valley Reports For 1999

 

                                            TABLE 12 - 13                                 
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                (Farms sorted by Return to Overhead)                      
                                       SOYBEANS ON OWNED LAND                             
                                                   Average Of   Average Of   Average Of
                                                    All Farms     Low 20%      High 20%  
                                                   
          Number of fields                                132           23           30
          Number of farms                                 104           21           21
          Acres                                        145.43       141.22       101.45
          Yield per acre (bushel)                       35.43        29.40        44.41
          Operators share of yield %                   100.00       100.00       100.00
          Value per bushel                               4.39         4.31         4.38
          Total product return per acre                155.36       126.63       194.43
          Miscellaneous income per acre                 33.84        11.71        43.72
          Gross return per acre                        189.20       138.35       238.15
          Direct expenses per acre
            Seed                                        14.49        13.42        14.10
            Fertilizer                                   6.72        12.85         4.51
            Crop chemicals                              22.24        24.03        18.86
            Crop insurance                               7.14         6.80         5.66
            Fuel & oil                                   6.62         8.70         6.23
            Repairs                                     12.34        14.56        12.17
            Custom hire                                  2.16         3.73         1.00
            Operating interest                           4.43         3.73         3.26
            Miscellaneous                                0.55         0.29         0.19
          Total direct expenses per acre                76.69        88.11        65.97
          Return over direct expenses per acre         112.51        50.24       172.18
          Overhead expenses per acre
            Custom hire                                  1.05         1.46         0.50
            Hired labor                                  5.84         5.89         6.00
            Machinery & bldg leases                      3.03         4.71         1.37
            RE & pers. property taxes                   11.83        10.61        10.30
            Farm insurance                               2.94         2.70         3.46
            Utilities                                    1.94         2.49         2.37
            Dues & professional fees                     1.25         1.44         1.36
            Interest                                    36.58        35.49        27.32
            Mach & bldg depreciation                    11.98        10.10        14.35
            Miscellaneous                                3.01         3.43         3.06
          Total overhead expenses per acre              79.45        78.31        70.08
          Total listed expenses per acre               156.14       166.42       136.06
          Net return per acre                           33.05       -28.07       102.09
          Total direct expense per bushel                2.16         3.00         1.49
          Total listed expense per bushel                4.41         5.66         3.06
          Net return per bushel                          0.93        -0.95         2.30
          Breakeven yield per acre                      27.89        35.92        21.09
          
          Net return including govt. payments           64.42        12.16       124.60
          Lbr & mgt charge per acre                     15.86        17.97        19.20
          Net return over lbr & mgt                     48.57        -5.81       105.39

 


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