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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)

Peas on Cash Rent

  Avg. Of          
  All Farms Low 20% 20 - 40% 40 - 60% 60 - 80% High 20%
 
Number of fields 46 9 9 9 9 10
Number of farms 46 9 9 9 9 10
 
Acres 56.82 68.02 57.11 49.99 60.60 49.21
Yield per acre (lb.) 3,331.89 927.47 2,790.82 3,412.91 4,389.07 5,642.44
Operators share of yield % 100.00 100.00 100.00 100.00 100.00 100.00
Value per lb. 0.08 0.09 0.08 0.08 0.08 0.08
Total product return per acre 272.36 82.39 232.65 286.35 356.84 443.76
Miscellaneous income per acre 23.25 84.75 9.57 - 3.20 4.50
Gross return per acre 295.61 167.14 242.23 286.35 360.04 448.25
 
Direct Expenses
Fertilizer 16.30 21.68 12.41 17.61 9.40 20.11
Crop chemicals 14.81 14.56 11.79 10.93 14.54 22.16
Crop insurance 5.97 3.93 7.52 4.65 6.60 7.42
Fuel & oil 7.14 6.09 8.31 7.68 6.92 6.97
Repairs 10.78 8.00 14.88 10.14 11.85 9.33
Custom hire 1.97 0.53 4.00 1.22 1.40 2.93
Hired labor 0.11 - - - - 0.60
Land rent 106.83 114.41 102.24 102.28 114.40 97.95
Machinery & bldg leases 0.10 - - - - 0.51
Marketing 0.42 - - 2.42 - -
Operating interest 3.98 4.57 4.36 5.59 3.34 2.05
Miscellaneous 0.49 - 0.38 0.95 0.72 0.56
Total direct expenses per acre 168.89 173.78 165.90 163.47 169.18 170.59
Return over direct exp per acre 126.72 -6.63 76.33 122.88 190.86 277.67
 
Overhead Expenses
Custom hire 0.44 0.45 0.28 0.34 0.13 1.02
Hired labor 2.74 0.77 2.56 3.02 2.08 5.88
Machinery & bldg leases 1.50 0.35 0.81 1.42 3.57 1.44
Farm insurance 2.62 2.74 4.46 1.66 2.14 1.93
Utilities 1.47 0.87 2.94 1.48 1.23 0.93
Dues & professional fees 0.68 1.23 1.21 0.23 0.23 0.35
Interest 3.49 4.56 4.03 2.64 4.08 1.72
Mach & bldg depreciation 9.78 8.75 12.23 12.03 9.24 7.03
Miscellaneous 1.89 2.41 2.03 2.58 0.78 1.69
Total overhead expenses per acre 24.60 22.13 30.55 25.39 23.47 21.99
Total dir & ovhd expenses per acre 193.49 195.90 196.45 188.85 192.66 192.58
Net return per acre 102.12 -28.76 45.77 97.49 167.38 255.68
 
Lbr & mgt charge per acre 14.38 15.76 21.42 11.04 12.42 10.54
Net return over lbr & mgt 87.74 -44.51 24.36 86.46 154.96 245.14
Government payments - - - - - -
Net return with govt payments 87.74 -44.51 24.36 86.46 154.96 245.14
 
Cost of Production
Total direct expense per lb. 0.05 0.19 0.06 0.05 0.04 0.03
Total dir & ovhd exp per lb. 0.06 0.21 0.07 0.06 0.04 0.03
With labor & management 0.06 0.23 0.08 0.06 0.05 0.04
Total exp less govt & oth income 0.06 0.14 0.07 0.06 0.05 0.04
 
Est. labor hours per acre 1.17 0.92 1.53 0.90 1.28 1.24


 

 

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