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Red River Valley Reports For 1999

 

                                            TABLE 12 - 26                                 
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                (Farms sorted by Return to Overhead)                      
                                  SPRING WHEAT ON SHARE RENTED LAND                       
                                                   Average Of   Average Of   Average Of
                                                    All Farms     Low 20%      High 20%  
                                                   
          Number of fields                                 71           10           10
          Number of farms                                  42            8            8
          Acres                                        136.82       115.67       129.23
          Yield per acre (bushel)                       42.31        35.99        46.06
          Operators share of yield %                    64.56        64.50        65.91
          Value per bushel                               3.10         2.94         3.13
          Total product return per acre                 84.77        68.38        93.65
          Miscellaneous income per acre                 13.02        12.06        24.95
          Gross return per acre                         97.78        80.43       118.60
          Direct expenses per acre
            Seed                                         8.34         5.90         8.61
            Fertilizer                                  23.01        20.20        24.25
            Crop chemicals                              10.49        22.17         6.91
            Crop insurance                               3.79         4.09         2.56
            Drying fuel                                  0.15         0.00         0.00
            Fuel & oil                                   5.56         6.58         4.53
            Repairs                                      9.41        10.84         9.77
            Custom hire                                  3.39         3.07         0.18
            Operating interest                           1.89         2.97         2.22
            Miscellaneous                                0.32         0.87         0.00
          Total direct expenses per acre                66.36        76.69        59.03
          Return over direct expenses per acre          31.42         3.74        59.57
          Overhead expenses per acre
            Custom hire                                  0.28         0.48         0.13
            Hired labor                                  4.78         3.69         3.39
            Machinery & bldg leases                      2.18         1.50         2.28
            Farm insurance                               3.46         3.57         2.74
            Utilities                                    1.55         1.42         1.09
            Dues & professional fees                     1.00         0.92         0.44
            Interest                                     3.41         1.58         2.94
            Mach & bldg depreciation                     8.85         5.96         7.13
            Miscellaneous                                2.41         1.62         2.49
          Total overhead expenses per acre              27.90        20.74        22.63
          Total listed expenses per acre                94.26        97.44        81.66
          Net return per acre                            3.52       -17.00        36.94
          Total direct expense per bushel                2.43         3.30         1.94
          Total listed expense per bushel                3.45         4.20         2.69
          Net return per bushel                          0.13        -0.73         1.22
          Breakeven yield per acre                      40.54        45.06        27.48
          
          Net return including govt. payments           20.42         6.45        52.48
          Lbr & mgt charge per acre                     11.96        14.82        11.08
          Net return over lbr & mgt                      8.46        -8.36        41.40

 


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