TABLE 13 - 18
Crop Enterprise Analysis
Minnesota and North Dakota Farm Business Mgmt. Education
Red River Valley, 2004
(Farms Sorted By Net Return)
Sugar Beets on Cash Rent - Including Joint venture
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 108 21 24 18
Number of farms 72 14 15 15
Acres 164.42 180.49 183.90 105.38
Yield per acre (ton) 19.59 18.90 18.71 23.00
Operators share of yield % 100.00 100.00 100.00 100.00
Value per ton 36.52 35.44 36.58 38.42
Total product return per acre 715.61 669.77 684.57 883.49
Miscellaneous income per acre 22.81 23.74 30.23 9.23
Gross return per acre 738.41 693.50 714.80 892.72
Direct Expenses
Seed 51.84 50.72 47.82 49.10
Fertilizer 35.84 35.17 34.17 31.88
Crop chemicals 113.32 126.02 108.13 109.31
Crop insurance 17.51 17.75 18.96 13.90
Fuel & oil 38.86 46.58 35.53 36.73
Repairs 60.19 76.65 46.25 60.48
Custom hire 12.29 8.31 11.40 7.00
Hired labor 21.85 21.50 28.95 16.79
Land rent 68.15 61.12 68.80 64.85
Stock lease (joint venture) 189.06 201.77 182.34 181.06
Operating interest 14.20 14.78 16.83 9.54
Miscellaneous 4.04 3.12 4.39 1.03
Total direct expenses per acre 627.13 663.48 603.56 581.66
Return over direct exp per acre 111.28 30.02 111.24 311.06
Overhead Expenses
Custom hire 7.88 17.86 3.27 7.84
Hired labor 31.39 48.59 25.96 18.10
Machinery & bldg leases 9.65 15.80 11.30 1.55
Farm insurance 4.77 6.75 3.94 3.51
Utilities 6.01 9.03 5.91 6.17
Dues & professional fees 5.67 7.73 5.44 6.85
Interest 13.69 15.11 12.57 11.16
Mach & bldg depreciation 45.87 57.91 46.16 40.00
Miscellaneous 9.55 13.52 9.19 6.03
Total overhead expenses per acre 134.48 192.31 123.76 101.21
Total dir & ovhd expenses per acre 761.62 855.79 727.32 682.86
Net return per acre -23.21 -162.29 -12.52 209.86
Lbr & mgt charge per acre 63.91 70.53 52.22 71.89
Net return over lbr & mgt -87.12 -232.81 -64.75 137.97
Government payments 14.72 16.24 14.32 13.60
Net return with govt payments -72.40 -216.58 -50.43 151.57
Cost of Production
Total direct expense per ton 32.01 35.11 32.25 25.29
Total dir & ovhd exp per ton 38.87 45.28 38.87 29.69
With labor & management 42.13 49.01 41.66 32.82
Total exp less govt & oth income 40.22 46.90 39.28 31.83
Est. labor hours per acre 5.30 6.36 4.62 4.77
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