TABLE 13 - 15
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, Excluding Joint venture
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 53 9 12 13
Number of farms 47 9 10 10
Acres 116.71 177.96 82.58 86.94
Yield per acre (ton) 19.97 18.48 19.17 22.23
Operators share of yield % 100.00 100.00 100.00 100.00
Value per ton 36.24 34.09 35.59 37.09
Total product return per acre 723.86 629.91 682.42 824.45
Miscellaneous income per acre 19.67 12.10 72.74 5.18
Gross return per acre 743.52 642.01 755.17 829.63
Direct Expenses
Seed 50.34 47.90 56.20 48.94
Fertilizer 37.64 34.86 50.19 36.59
Crop chemicals 113.53 112.82 131.34 108.68
Crop insurance 19.26 22.52 19.70 14.73
Fuel & oil 42.19 45.17 37.97 36.93
Repairs 66.21 90.36 60.48 42.98
Custom hire 17.38 6.07 4.11 15.77
Hired labor 27.51 28.21 32.04 20.94
Operating interest 9.52 12.11 13.45 4.41
Miscellaneous 3.53 5.88 1.00 6.42
Total direct expenses per acre 387.12 405.89 406.48 336.39
Return over direct exp per acre 356.41 236.12 348.68 493.23
Overhead Expenses
Custom hire 7.61 16.68 16.70 1.46
Hired labor 34.45 33.41 33.38 30.08
Machinery & bldg leases 8.28 6.58 2.14 8.42
RE & pers. property taxes 11.19 12.56 12.24 10.84
Farm insurance 5.70 7.34 4.59 6.74
Utilities 6.58 7.51 5.95 7.25
Dues & professional fees 6.11 8.33 6.89 7.98
Interest 38.93 48.19 40.27 22.68
Mach & bldg depreciation 63.37 66.54 60.75 51.64
Miscellaneous 7.47 9.53 7.49 6.23
Total overhead expenses per acre 189.68 216.67 190.40 153.32
Total dir & ovhd expenses per acre 576.80 622.56 596.88 489.71
Net return per acre 166.73 19.45 158.28 339.91
Lbr & mgt charge per acre 78.22 72.18 86.35 98.07
Net return over lbr & mgt 88.50 -52.72 71.93 241.84
Government payments 15.24 16.61 14.70 14.78
Net return with govt payments 103.75 -36.11 86.63 256.62
Cost of Production
Total direct expense per ton 19.38 21.97 21.20 15.13
Total dir & ovhd exp per ton 28.88 33.70 31.13 22.03
With labor & management 32.79 37.60 35.63 26.44
Total exp less govt & oth income 31.05 36.05 31.07 25.55
Est. labor hours per acre 5.47 5.99 5.36 6.05
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