TABLE 13 - 17
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, Excluding Joint venture
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 107 17 23 20
Number of farms 84 16 17 17
Acres 149.89 200.99 147.03 112.86
Yield per acre (ton) 19.70 18.07 19.96 23.20
Operators share of yield % 100.00 100.00 100.00 100.00
Value per ton 36.10 34.61 37.03 37.29
Total product return per acre 711.14 625.31 739.04 865.10
Miscellaneous income per acre 16.36 17.90 19.82 8.85
Gross return per acre 727.50 643.22 758.86 873.94
Direct Expenses
Seed 49.78 51.48 47.96 47.28
Fertilizer 36.40 34.48 40.01 36.71
Crop chemicals 112.02 118.95 119.02 113.59
Crop insurance 17.91 23.02 18.02 14.10
Fuel & oil 40.59 42.06 39.13 41.70
Repairs 71.40 84.67 78.40 60.10
Custom hire 12.63 14.30 12.21 15.29
Hired labor 25.61 24.33 32.71 26.49
Land rent 73.10 67.41 75.79 75.07
Operating interest 9.18 12.05 7.07 7.00
Miscellaneous 5.69 7.09 3.45 0.69
Total direct expenses per acre 454.30 479.84 473.77 438.02
Return over direct exp per acre 273.19 163.37 285.09 435.92
Overhead Expenses
Custom hire 6.36 8.17 6.04 4.22
Hired labor 38.43 37.51 43.40 30.54
Machinery & bldg leases 8.55 9.41 14.83 1.91
Farm insurance 6.29 8.11 7.58 4.22
Utilities 8.00 10.68 7.74 6.28
Dues & professional fees 7.28 7.97 5.59 5.31
Interest 17.11 22.65 7.46 9.81
Mach & bldg depreciation 55.39 66.19 57.36 48.71
Miscellaneous 8.76 10.42 7.15 6.28
Total overhead expenses per acre 156.17 181.11 157.15 117.28
Total dir & ovhd expenses per acre 610.47 660.95 630.93 555.31
Net return per acre 117.02 -17.74 127.93 318.64
Lbr & mgt charge per acre 87.89 76.70 104.82 74.73
Net return over lbr & mgt 29.14 -94.44 23.11 243.91
Government payments 15.69 18.46 14.94 14.58
Net return with govt payments 44.83 -75.97 38.05 258.49
Cost of Production
Total direct expense per ton 23.06 26.56 23.74 18.88
Total dir & ovhd exp per ton 30.99 36.58 31.61 23.94
With labor & management 35.45 40.83 36.87 27.16
Total exp less govt & oth income 33.83 38.81 35.12 26.15
Est. labor hours per acre 6.27 5.92 5.92 5.46
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