TABLE 13 - 13
Crop Enterprise Analysis
Minnesota and North Dakota Farm Business Mgmt. Education
Red River Valley, 2004
(Farms Sorted By Net Return)
Soybeans on Share Rent
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 49 10 7 10
Number of farms 33 6 6 7
Acres 153.47 106.88 312.00 113.59
Yield per acre (bu.) 30.55 28.72 34.16 29.76
Operators share of yield % 67.76 66.70 68.16 67.36
Value per bu. 5.75 5.60 5.59 6.26
Total product return per acre 119.00 107.22 130.16 125.41
Miscellaneous income per acre 13.76 14.45 15.10 23.69
Gross return per acre 132.75 121.67 145.26 149.10
Direct Expenses
Seed 32.37 33.38 31.89 31.89
Fertilizer 2.92 1.37 2.54 3.37
Crop chemicals 12.18 15.12 11.83 9.53
Crop insurance 10.45 12.49 11.65 12.17
Fuel & oil 9.25 9.23 11.06 4.87
Repairs 15.12 22.40 15.37 9.40
Custom hire 2.73 3.52 2.76 5.88
Operating interest 2.55 4.53 1.40 4.10
Miscellaneous 0.41 0.19 1.27 0.07
Total direct expenses per acre 87.98 102.23 89.75 81.27
Return over direct exp per acre 44.77 19.44 55.51 67.83
Overhead Expenses
Custom hire 1.47 8.23 0.32 -0.48
Hired labor 8.70 11.38 15.16 1.35
Machinery & bldg leases 4.29 10.25 7.37 2.80
Farm insurance 4.41 5.65 6.63 1.11
Utilities 2.37 2.71 3.27 0.74
Hauling and trucking 0.08 - - 0.56
Dues & professional fees 1.96 2.74 3.19 1.34
Interest 2.37 4.25 2.02 2.36
Mach & bldg depreciation 13.05 10.94 16.99 10.49
Miscellaneous 2.82 4.74 2.82 2.13
Total overhead expenses per acre 41.53 60.90 57.76 22.39
Total dir & ovhd expenses per acre 129.51 163.13 147.51 103.66
Net return per acre 3.24 -41.45 -2.25 45.44
Lbr & mgt charge per acre 20.28 17.30 23.76 16.82
Net return over lbr & mgt -17.04 -58.75 -26.01 28.62
Government payments 10.06 9.66 10.18 11.15
Net return with govt payments -6.98 -49.09 -15.82 39.77
Cost of Production
Total direct expense per bu. 4.25 5.34 3.85 4.06
Total dir & ovhd exp per bu. 6.26 8.52 6.34 5.17
With labor & management 7.24 9.42 7.36 6.01
Total exp less govt & oth income 6.08 8.16 6.27 4.27
Est. labor hours per acre 1.32 1.19 1.26 1.87
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