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Red River Valley Reports For 1999

 

                                            TABLE 12 - 25                                 
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                (Farms sorted by Return to Overhead)                      
                                  SPRING WHEAT ON CASH RENTED LAND                        
                                                   Average Of   Average Of   Average Of
                                                    All Farms     Low 20%      High 20%  
                                                   
          Number of fields                                291           56           56
          Number of farms                                 181           36           36
          Acres                                        334.56       256.64       370.60
          Yield per acre (bushel)                       42.13        34.32        44.67
          Operators share of yield %                   100.00       100.00       100.00
          Value per bushel                               3.03         2.97         3.07
          Total product return per acre                127.72       101.94       137.06
          Miscellaneous income per acre                 30.55        18.01        48.32
          Gross return per acre                        158.27       119.95       185.38
          Direct expenses per acre
            Seed                                         9.87         9.65         9.83
            Fertilizer                                  24.74        24.71        21.07
            Crop chemicals                              20.10        23.13        21.57
            Crop insurance                               6.06         6.93         5.60
            Drying fuel                                  0.15         0.14         0.28
            Fuel & oil                                   4.90         5.10         4.67
            Repairs                                      9.62         8.55        10.08
            Custom hire                                  2.77         2.47         2.44
            Land rent                                   59.86        64.81        52.17
            Operating interest                           4.14         5.19         3.85
            Miscellaneous                                0.62         0.50         0.17
          Total direct expenses per acre               142.80       151.17       131.73
          Return over direct expenses per acre          15.46       -31.22        53.65
          Overhead expenses per acre
            Custom hire                                  1.08         1.77         1.18
            Hired labor                                  5.22         3.95         7.32
            Machinery & bldg leases                      2.49         2.36         1.56
            Farm insurance                               3.21         2.16         4.65
            Utilities                                    1.39         1.37         1.60
            Dues & professional fees                     1.03         0.76         1.26
            Interest                                     3.80         3.46         3.69
            Mach & bldg depreciation                     7.60         7.33         7.71
            Miscellaneous                                1.91         1.78         2.03
          Total overhead expenses per acre              27.72        24.94        30.99
          Total listed expenses per acre               170.52       176.11       162.72
          Net return per acre                          -12.26       -56.16        22.66
          Total direct expense per bushel                3.39         4.41         2.95
          Total listed expense per bushel                4.05         5.13         3.64
          Net return per bushel                         -0.29        -1.64         0.51
          Breakeven yield per acre                      46.17        53.22        37.28
          
          Net return including govt. payments           18.35       -20.56        55.55
          Lbr & mgt charge per acre                     11.72        12.16        10.04
          Net return over lbr & mgt                      6.63       -32.72        45.51

 


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