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Red River Valley Reports For 1999

 

                                            TABLE 12 - 19                                  
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                (Farms sorted by Return to Overhead)                      
                           SUGAR BEETS ON CASH RENTED LAND - JOINT VENTURE                       
                                                   Average Of   Average Of   Average Of
                                                    All Farms     Low 20%      High 20%  
                                                   
          Number of fields                                 62           12           12
          Number of farms                                  50           10           10
          Acres                                        179.29       190.67       145.88
          Yield per acre (ton)                          19.28        17.26        21.51
          Operators share of yield %                   100.00       100.00       100.00
          Value per ton                                 33.44        31.19        34.87
          Total product return per acre                644.59       538.45       750.10
          Miscellaneous income per acre                 16.14        12.76        33.55
          Gross return per acre                        660.73       551.21       783.65
          Direct expenses per acre
            Seed                                        41.62        38.85        40.48
            Fertilizer                                  29.16        25.28        28.96
            Crop chemicals                             111.85       109.20        92.28
            Crop insurance                              10.97        11.31         9.72
            Fuel & oil                                  22.03        18.97        21.40
            Repairs                                     40.51        42.74        45.31
            Custom hire                                 19.24        26.01        24.04
            Hired labor                                 11.12         9.05        11.61
            Land rent                                   68.13        67.20        67.16
            Machinery & bldg leases                      1.44         5.62         0.00
            Stock rent (joint venture)                 198.41       218.41       184.33
            Operating interest                          27.07        29.17        15.83
            Miscellaneous                                0.71         1.02         0.53
          Total direct expenses per acre               582.26       602.84       541.66
          Return over direct expenses per acre          78.47       -51.63       241.99
          Overhead expenses per acre
            Custom hire                                  7.96        11.15         1.54
            Hired labor                                 21.00        19.47        20.35
            Machinery & bldg leases                     13.75         8.81        13.50
            Farm insurance                               2.94         2.24         2.99
            Utilities                                    5.28         4.83         6.23
            Dues & professional fees                     3.80         5.71         4.62
            Interest                                    18.74        20.36        14.03
            Mach & bldg depreciation                    28.50        24.01        27.33
            Miscellaneous                                7.41         6.52         9.16
          Total overhead expenses per acre             109.38       103.09        99.76
          Total listed expenses per acre               691.63       705.93       641.42
          Net return per acre                          -30.90      -154.72       142.23
          Total direct expense per ton                  30.20        34.92        25.18
          Total listed expense per ton                  35.88        40.89        29.82
          Net return per ton                            -1.60        -8.96         6.61
          Breakeven yield per acre                      20.20        22.22        17.43
          Net return including govt. payments           -2.87      -121.46       165.69
          Lbr & mgt charge per acre                     49.32        44.37        47.73
          Net return over lbr & mgt                    -52.18      -165.83       117.96

 


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