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State-wide Reports for 2004


Crop Enterprise Analysis
Minnesota State Colleges and Universities Statewide Farm Business Management Database
(Farms Sorted By Return to Overhead)

Hay, Grass on Cash Rent

  Avg. Of          
  All Farms Low 20% 20 - 40% 40 - 60% 60 - 80% High 20%
 
Number of fields 100 20 23 19 18 20
Number of farms 91 18 18 18 18 19
 
Acres 50.10 17.83 57.41 55.70 84.49 37.68
Yield per acre (ton) 1.71 1.54 1.08 1.44 2.12 2.46
Operators share of yield % 100.00 100.00 100.00 100.00 100.00 100.00
Value per ton 51.50 48.57 48.82 45.59 50.13 61.65
Total product return per acre 88.09 74.92 52.65 65.65 106.10 151.60
Miscellaneous income per acre - - - - - -
Gross return per acre 88.09 74.92 52.65 65.65 106.10 151.60
 
Direct Expenses
Seed 1.55 1.40 0.09 - 4.69 -
Fertilizer 6.77 16.93 4.37 3.16 9.27 6.20
Fuel & oil 7.88 12.46 7.08 6.95 8.49 7.17
Repairs 13.47 27.68 14.03 13.27 12.00 9.00
Custom hire 1.47 4.11 0.31 1.60 0.99 3.06
Land rent 19.23 53.69 14.35 14.42 16.95 22.84
Machinery & bldg leases 0.82 - - 3.65 - 0.32
Operating interest 1.48 2.39 0.67 0.55 2.66 1.38
Miscellaneous 1.88 1.36 2.49 1.75 1.64 1.75
Total direct expenses per acre 54.55 120.02 43.40 45.37 56.69 51.71
Return over direct exp per acre 33.54 -45.10 9.25 20.28 49.42 99.88
 
Overhead Expenses
Custom hire 1.89 2.28 0.89 1.27 2.50 3.07
Hired labor 2.56 5.93 3.27 1.70 0.92 4.24
Machinery & bldg leases 1.34 0.78 1.35 0.98 0.69 3.39
Farm insurance 1.48 2.07 1.80 1.72 0.92 1.46
Utilities 0.83 1.74 0.79 0.79 0.39 1.42
Dues & professional fees 0.28 1.25 0.23 0.00 0.02 0.79
Interest 3.26 5.62 2.62 2.71 3.41 3.76
Mach & bldg depreciation 9.12 16.02 8.89 7.99 9.13 7.80
Miscellaneous 1.73 2.45 1.05 0.89 2.73 1.75
Total overhead expenses per acre 22.48 38.14 20.89 18.04 20.70 27.68
Total dir & ovhd expenses per acre 77.03 158.16 64.28 63.41 77.39 79.39
Net return per acre 11.06 -83.24 -11.63 2.24 28.71 72.20
 
Lbr & mgt charge per acre 11.41 19.24 9.92 8.16 12.80 12.08
Net return over lbr & mgt -0.35 -102.48 -21.55 -5.92 15.91 60.13
Government payments 3.26 9.28 0.82 1.04 2.66 9.05
Net return with govt payments 2.92 -93.19 -20.74 -4.88 18.57 69.18
 
Cost of Production
Total direct expense per ton 31.89 77.81 40.24 31.51 26.78 21.03
Total dir & ovhd exp per ton 45.03 102.54 59.60 44.04 36.56 32.29
With labor & management 51.70 115.01 68.80 49.70 42.61 37.20
Total exp less govt & oth income 49.79 108.99 68.04 48.98 41.35 33.52
 
Est. labor hours per acre 2.08 3.10 2.23 1.70 2.19 1.64


 

 

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