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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 Owned Land

  Avg. Of          
  All Farms Low 20% 20 - 40% 40 - 60% 60 - 80% High 20%
 
Number of fields 29 5 7 6 5 6
Number of farms 27 5 5 6 5 6
 
Acres 51.32 48.86 44.19 43.75 47.30 72.63
Yield per acre (lb.) 3,596.67 2,294.85 2,871.78 3,513.51 4,253.77 4,534.42
Operators share of yield % 100.00 100.00 100.00 100.00 100.00 100.00
Value per lb. 0.08 0.07 0.08 0.07 0.08 0.08
Total product return per acre 278.11 157.14 237.37 259.19 337.49 354.00
Miscellaneous income per acre 12.54 3.14 3.86 5.35 - 35.11
Gross return per acre 290.65 160.27 241.23 264.54 337.49 389.10
 
Direct Expenses
Fertilizer 14.43 16.89 30.16 12.01 15.09 3.00
Crop chemicals 15.46 19.63 10.08 15.14 18.17 15.66
Crop insurance 6.26 8.53 4.34 4.74 7.17 6.77
Fuel & oil 5.86 5.24 7.54 4.37 6.24 5.70
Repairs 9.99 7.80 12.67 9.63 9.97 9.54
Custom hire 1.99 - 0.71 3.58 1.81 3.16
Marketing 0.28 - - 1.35 0.24 -
Operating interest 1.97 3.68 2.45 1.51 2.26 0.80
Miscellaneous 0.30 - - - 0.22 0.91
Total direct expenses per acre 56.54 61.77 67.95 52.32 61.18 45.54
Return over direct exp per acre 234.10 98.50 173.28 212.22 276.31 343.57
 
Overhead Expenses
Custom hire 1.21 - 0.02 4.09 1.50 0.83
Hired labor 4.47 3.30 10.44 1.66 1.78 4.04
Machinery & bldg leases 6.56 31.94 0.25 0.35 1.86 3.09
RE & pers. property taxes 12.15 10.73 14.02 11.16 14.18 11.11
Farm insurance 5.61 23.59 2.87 1.54 2.30 1.74
Utilities 1.49 1.13 2.69 0.93 0.70 1.59
Dues & professional fees 0.25 0.66 0.52 0.01 0.06 0.07
Interest 28.37 33.47 17.23 35.53 53.54 15.45
Mach & bldg depreciation 11.87 14.02 12.15 8.14 15.10 10.96
Miscellaneous 1.56 0.77 1.62 1.02 1.74 2.18
Total overhead expenses per acre 73.53 119.62 61.82 64.43 92.76 51.05
Total dir & ovhd expenses per acre 130.07 181.39 129.77 116.76 153.94 96.59
Net return per acre 160.57 -21.12 111.46 147.79 183.55 292.52
 
Lbr & mgt charge per acre 9.64 8.88 13.54 6.42 6.63 10.88
Net return over lbr & mgt 150.93 -30.00 97.91 141.37 176.91 281.63
Government payments - - - - - -
Net return with govt payments 150.93 -30.00 97.91 141.37 176.91 281.63
 
Cost of Production
Total direct expense per lb. 0.02 0.03 0.02 0.01 0.01 0.01
Total dir & ovhd exp per lb. 0.04 0.08 0.05 0.03 0.04 0.02
With labor & management 0.04 0.08 0.05 0.04 0.04 0.02
Total exp less govt & oth income 0.04 0.08 0.05 0.03 0.04 0.02
 
Est. labor hours per acre 1.18 0.97 1.35 0.97 0.81 1.52


 

 

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