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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)

Oats on Cash Rent

  Avg. Of          
  All Farms Low 20% 20 - 40% 40 - 60% 60 - 80% High 20%
 
Number of fields 78 15 16 16 16 15
Number of farms 75 15 15 15 15 15
 
Acres 29.53 25.37 29.34 34.13 25.21 33.59
Yield per acre (bu.) 83.73 63.59 71.47 80.39 97.55 102.93
Operators share of yield % 100.00 100.00 100.00 100.00 100.00 100.00
Value per bu. 1.47 1.35 1.43 1.41 1.40 1.65
Other product return per acre 4.04 1.05 - - 2.23 15.88
Total product return per acre 127.03 87.04 101.98 113.03 138.99 186.18
Miscellaneous income per acre 39.01 20.70 13.03 35.16 66.98 58.81
Gross return per acre 166.04 107.75 115.01 148.19 205.98 244.99
 
Direct Expenses
Seed 8.60 7.56 10.19 8.03 8.73 8.41
Fertilizer 15.02 11.82 13.14 12.96 20.49 17.04
Crop chemicals 3.92 3.55 1.16 3.46 1.66 9.09
Crop insurance 2.33 3.90 1.98 1.41 2.49 2.35
Fuel & oil 9.76 9.72 11.44 9.62 9.18 8.83
Repairs 15.47 19.37 18.95 10.58 13.61 16.08
Custom hire 3.27 8.93 3.34 1.97 1.06 2.12
Land rent 45.17 70.00 34.17 38.58 55.73 35.35
Machinery & bldg leases 0.17 - - - - 0.79
Operating interest 2.26 3.79 1.42 1.50 2.37 2.62
Miscellaneous 1.17 0.23 0.37 3.33 0.92 0.48
Total direct expenses per acre 107.14 138.85 96.15 91.44 116.23 103.15
Return over direct exp per acre 58.90 -31.11 18.86 56.74 89.74 141.84
 
Overhead Expenses
Custom hire 2.23 2.15 5.49 0.60 2.23 1.01
Hired labor 4.27 5.34 6.67 1.56 3.36 4.88
Machinery & bldg leases 1.72 3.50 0.91 2.52 0.81 0.98
Farm insurance 2.39 2.19 1.80 2.47 1.86 3.43
Utilities 1.60 1.98 2.33 0.91 1.64 1.32
Dues & professional fees 0.56 0.71 0.76 0.50 0.37 0.49
Interest 3.05 2.84 4.50 2.00 2.49 3.43
Mach & bldg depreciation 12.71 11.83 11.37 10.88 12.99 16.40
Miscellaneous 2.52 2.25 4.30 0.87 2.07 3.23
Total overhead expenses per acre 31.04 32.79 38.12 22.31 27.82 35.17
Total dir & ovhd expenses per acre 138.18 171.64 134.27 113.75 144.05 138.32
Net return per acre 27.86 -63.90 -19.26 34.43 61.92 106.67
 
Lbr & mgt charge per acre 15.26 19.17 11.53 13.41 14.42 18.46
Net return over lbr & mgt 12.60 -83.07 -30.79 21.02 47.50 88.21
Government payments 14.14 13.87 13.12 12.10 17.20 15.08
Net return with govt payments 26.74 -69.20 -17.67 33.12 64.70 103.29
 
Cost of Production
Total direct expense per bu. 1.28 2.18 1.35 1.14 1.19 1.00
Total dir & ovhd exp per bu. 1.65 2.70 1.88 1.42 1.48 1.34
With labor & management 1.83 3.00 2.04 1.58 1.62 1.52
Total exp less govt & oth income 1.15 2.44 1.67 0.99 0.74 0.65
 
Est. labor hours per acre 2.01 1.55 2.38 1.58 1.80 2.65


 

 

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