TABLE 13 - 16
Crop Enterprise Analysis
Minnesota and North Dakota Farm Business Mgmt. Education
Red River Valley, 2004
(Farms Sorted By Net Return)
Sugar Beets on Owned Land - Joint venture
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 28 6 5 6
Number of farms 25 5 5 5
Acres 115.62 72.75 182.84 124.05
Yield per acre (ton) 18.98 15.57 17.63 21.37
Operators share of yield % 100.00 100.00 100.00 100.00
Value per ton 37.77 37.04 39.10 38.03
Total product return per acre 716.95 576.73 689.16 812.74
Miscellaneous income per acre 25.90 18.16 77.25 0.45
Gross return per acre 742.85 594.90 766.41 813.19
Direct Expenses
Seed 47.55 49.21 46.62 45.88
Fertilizer 32.66 33.00 25.74 30.25
Crop chemicals 109.68 113.27 106.72 109.59
Crop insurance 18.43 15.55 23.58 13.39
Fuel & oil 34.86 46.52 27.43 36.39
Repairs 65.72 78.61 80.33 67.52
Custom hire 14.56 9.59 19.78 1.74
Hired labor 25.08 25.03 25.96 18.33
Stock lease (joint venture) 198.20 213.25 213.80 188.68
Operating interest 13.84 14.24 24.94 7.27
Miscellaneous 2.68 6.82 4.01 2.73
Total direct expenses per acre 563.26 605.10 598.90 521.76
Return over direct exp per acre 179.60 -10.20 167.51 291.43
Overhead Expenses
Custom hire 5.81 18.67 - 8.53
Hired labor 23.69 28.16 25.21 23.65
Machinery & bldg leases 14.07 0.86 13.11 3.62
RE & pers. property taxes 9.18 10.46 9.29 7.63
Farm insurance 5.20 7.16 8.46 2.61
Utilities 5.48 8.42 5.52 5.62
Dues & professional fees 5.66 11.06 3.51 7.42
Interest 42.07 32.38 47.50 29.72
Mach & bldg depreciation 48.62 66.06 51.65 44.45
Miscellaneous 6.13 10.80 1.86 6.79
Total overhead expenses per acre 165.92 194.02 166.12 140.04
Total dir & ovhd expenses per acre 729.18 799.12 765.02 661.80
Net return per acre 13.67 -204.22 1.40 151.39
Lbr & mgt charge per acre 65.47 74.50 53.10 66.42
Net return over lbr & mgt -51.80 -278.72 -51.71 84.98
Government payments 12.68 16.45 12.76 12.77
Net return with govt payments -39.12 -262.27 -38.95 97.75
Cost of Production
Total direct expense per ton 29.67 38.86 33.98 24.41
Total dir & ovhd exp per ton 38.41 51.32 43.40 30.97
With labor & management 41.86 56.11 46.41 34.07
Total exp less govt & oth income 39.83 53.89 41.31 33.46
Est. labor hours per acre 5.17 6.16 5.25 4.78
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