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Red River Valley Reports For 1999

 

                                            TABLE 12 - 24                                 
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                (Farms sorted by Return to Overhead)                      
                                     SPRING WHEAT ON OWNED LAND                           
                                                   Average Of   Average Of   Average Of
                                                    All Farms     Low 20%      High 20%  
                                                   
          Number of fields                                161           34           34
          Number of farms                                 124           25           25
          Acres                                        181.81       131.74       225.36
          Yield per acre (bushel)                       42.07        36.88        42.45
          Operators share of yield %                   100.00       100.00       100.00
          Value per bushel                               3.05         2.93         3.14
          Total product return per acre                128.42       108.10       133.36
          Miscellaneous income per acre                 34.03        15.96        62.33
          Gross return per acre                        162.46       124.06       195.69
          Direct expenses per acre
            Seed                                        10.18        10.13        11.14
            Fertilizer                                  23.91        24.96        19.63
            Crop chemicals                              19.36        19.64        16.90
            Crop insurance                               6.42         6.35         8.12
            Drying fuel                                  0.13         0.21         0.26
            Fuel & oil                                   4.95         6.12         3.85
            Repairs                                      9.77        12.81         9.50
            Custom hire                                  2.47         2.84         3.00
            Operating interest                           3.79         3.77         3.25
            Miscellaneous                                0.59         0.43         0.64
          Total direct expenses per acre                81.58        87.25        76.28
          Return over direct expenses per acre          80.87        36.82       119.40
          Overhead expenses per acre
            Custom hire                                  1.00         0.48         1.18
            Hired labor                                  5.71         3.54         5.70
            Machinery & bldg leases                      1.71         1.88         1.39
            RE & pers. property taxes                   13.31        12.52        14.59
            Farm insurance                               3.63         2.88         5.44
            Utilities                                    1.62         1.69         1.82
            Dues & professional fees                     1.19         1.30         1.37
            Interest                                    31.90        29.80        29.45
            Mach & bldg depreciation                     8.87         7.13         8.90
            Miscellaneous                                2.35         2.33         2.28
          Total overhead expenses per acre              71.30        63.54        72.11
          Total listed expenses per acre               152.88       150.79       148.39
          Net return per acre                            9.57       -26.72        47.29
          Total direct expense per bushel                1.94         2.37         1.80
          Total listed expense per bushel                3.63         4.09         3.50
          Net return per bushel                          0.23        -0.72         1.11
          Breakeven yield per acre                      38.94        45.99        27.39
          
          Net return including govt. payments           41.68        12.43        78.83
          Lbr & mgt charge per acre                     12.13        15.87        10.91
          Net return over lbr & mgt                     29.55        -3.45        67.93

 


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