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Red River Valley Reports For 1999

 

                                            TABLE 12 - 15                                 
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                (Farms sorted by Return to Overhead)                      
                                    SOYBEANS ON SHARE RENTED LAND                         
                                                   Average Of   Average Of   Average Of
                                                    All Farms     Low 20%      High 20%  
                                                   
          Number of fields                                 62           10            8
          Number of farms                                  36            7            7
          Acres                                        136.85       102.93       152.46
          Yield per acre (bushel)                       39.42        30.53        47.40
          Operators share of yield %                    65.88        62.71        69.95
          Value per bushel                               4.60         4.10         4.67
          Total product return per acre                119.43        78.98       154.10
          Miscellaneous income per acre                 16.84        23.06        32.16
          Gross return per acre                        136.27       102.04       186.26
          Direct expenses per acre
            Seed                                        12.76         9.20        13.94
            Fertilizer                                   2.22         8.83         0.00
            Crop chemicals                              19.23        18.81        17.90
            Crop insurance                               4.77         5.10         7.90
            Fuel & oil                                   8.15         9.80         7.77
            Repairs                                     12.37        14.63        11.70
            Custom hire                                  2.15         0.89         3.12
            Operating interest                           2.67         2.21         1.80
            Miscellaneous                                0.35         0.75         0.00
          Total direct expenses per acre                64.67        70.22        64.13
          Return over direct expenses per acre          71.60        31.82       122.13
          Overhead expenses per acre
            Custom hire                                  0.26         0.52         0.00
            Hired labor                                  5.54         3.94         9.38
            Machinery & bldg leases                      3.68         4.05         5.05
            Farm insurance                               2.42         1.80         2.43
            Utilities                                    2.13         2.33         2.25
            Dues & professional fees                     1.14         0.56         1.87
            Interest                                     4.17         5.43         2.98
            Mach & bldg depreciation                    13.39        10.08        13.84
            Miscellaneous                                3.27         2.74         3.97
          Total overhead expenses per acre              36.00        31.46        41.76
          Total listed expenses per acre               100.67       101.68       105.89
          Net return per acre                           35.60         0.36        80.37
          Total direct expense per bushel                2.49         3.67         1.93
          Total listed expense per bushel                3.88         5.31         3.19
          Net return per bushel                          1.37         0.02         2.42
          Breakeven yield per acre                      27.63        30.61        22.56
          
          Net return including govt. payments           52.40        22.31        97.57
          Lbr & mgt charge per acre                     15.48        17.65        17.61
          Net return over lbr & mgt                     36.92         4.66        79.95

 


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