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Red River Valley Reports For 1999

 

                                            TABLE 12 - 8                                  
                                   Crop Enterprise Analysis, 1999                         
                       Minnesota and North Dakota Farm Business Mgmt Education            
                                          Red River Valley                                
                                (Farms sorted by Return to Overhead)                      
                                         CORN ON OWNED LAND                               
                                                   Average Of   Average Of   Average Of
                                                    All Farms     Low 20%      High 20%  
                                                   
          Number of fields                                 32            8            6
          Number of farms                                  28            6            6
          Acres                                        101.50        70.58        72.78
          Yield per acre (bushel)                      130.36       106.84       144.55
          Operators share of yield %                   100.00       100.00       100.00
          Value per bushel                               1.68         1.68         1.59
          Total product return per acre                218.83       178.97       230.54
          Miscellaneous income per acre                 18.44         6.45        47.34
          Gross return per acre                        237.26       185.42       277.88
          Direct expenses per acre
            Seed                                        31.48        30.68        32.54
            Fertilizer                                  35.42        33.00        39.18
            Crop chemicals                              20.45        18.80        18.73
            Crop insurance                               8.34         6.99         8.69
            Drying fuel                                  6.08         9.98         6.09
            Fuel & oil                                   7.47         6.83         8.77
            Repairs                                     17.03        17.71        21.67
            Custom hire                                  0.88         1.66         0.10
            Operating interest                           5.79         6.72         4.03
            Miscellaneous                                0.32         0.00         0.50
          Total direct expenses per acre               133.25       132.37       140.30
          Return over direct expenses per acre         104.01        53.04       137.58
          Overhead expenses per acre
            Custom hire                                  1.38         0.24         3.01
            Hired labor                                  8.92        10.96         9.35
            Machinery & bldg leases                      2.89         1.17         2.07
            RE & pers. property taxes                   10.42        10.68        10.26
            Farm insurance                               3.13         3.46         3.56
            Utilities                                    1.91         2.32         1.82
            Dues & professional fees                     1.43         1.64         0.99
            Interest                                    36.70        50.74        30.85
            Mach & bldg depreciation                    13.70        12.32        18.19
            Miscellaneous                                2.54         1.99         3.56
          Total overhead expenses per acre              83.01        95.51        83.67
          Total listed expenses per acre               216.26       227.89       223.97
          Net return per acre                           21.01       -42.47        53.91
          Total direct expense per bushel                1.02         1.24         0.97
          Total listed expense per bushel                1.66         2.13         1.55
          Net return per bushel                          0.16        -0.40         0.37
          Breakeven yield per acre                     117.84       132.19       110.75
          
          Net return including govt. payments           52.32        -2.39        78.31
          Lbr & mgt charge per acre                     16.26        17.73        19.65
          Net return over lbr & mgt                     36.07       -20.12        58.66

 


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