Red
River Valley Reports For 1999
TABLE 12 - 14
Crop Enterprise Analysis, 1999
Minnesota and North Dakota Farm Business Mgmt Education
Red River Valley
(Farms sorted by Return to Overhead)
SOYBEANS ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 252 53 53
Number of farms 159 32 32
Acres 268.21 210.35 266.20
Yield per acre (bushel) 35.66 29.85 41.91
Operators share of yield % 100.00 100.00 100.00
Value per bushel 4.41 4.18 4.71
Total product return per acre 157.27 124.84 197.47
Miscellaneous income per acre 37.43 29.03 53.59
Gross return per acre 194.70 153.86 251.06
Direct expenses per acre
Seed 14.20 14.88 14.92
Fertilizer 4.32 7.45 3.25
Crop chemicals 22.71 25.28 21.19
Crop insurance 7.83 8.73 7.43
Fuel & oil 6.23 5.98 6.89
Repairs 11.90 11.17 14.36
Custom hire 2.48 4.32 3.59
Land rent 59.68 61.96 58.76
Operating interest 5.14 6.04 3.06
Miscellaneous 0.73 0.48 0.99
Total direct expenses per acre 135.20 146.29 134.46
Return over direct expenses per acre 59.50 7.57 116.60
Overhead expenses per acre
Custom hire 1.19 1.58 0.57
Hired labor 5.83 5.05 6.81
Machinery & bldg leases 3.04 3.05 3.18
Farm insurance 2.75 2.58 2.77
Utilities 1.75 1.89 1.99
Dues & professional fees 1.25 1.09 1.51
Interest 4.69 3.95 5.67
Mach & bldg depreciation 10.05 8.71 14.15
Miscellaneous 2.48 2.52 2.84
Total overhead expenses per acre 33.04 30.42 39.47
Total listed expenses per acre 168.24 176.72 173.92
Net return per acre 26.46 -22.86 77.13
Total direct expense per bushel 3.79 4.90 3.21
Total listed expense per bushel 4.72 5.92 4.15
Net return per bushel 0.74 -0.77 1.84
Breakeven yield per acre 29.66 35.31 25.54
Net return including govt. payments 55.79 13.14 101.78
Lbr & mgt charge per acre 14.77 15.67 16.32
Net return over lbr & mgt 41.02 -2.53 85.46
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