TABLE 13 - 21
Crop Enterprise Analysis
Minnesota and North Dakota Farm Business Mgmt. Education
Red River Valley, 2004
(Farms Sorted By Net Return)
Wheat, Spring on Owned Land
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 128 27 24 29
Number of farms 108 21 21 22
Acres 189.41 192.93 186.38 150.28
Yield per acre (bu.) 63.62 59.96 61.65 67.04
Operators share of yield % 100.00 100.00 100.00 100.00
Value per bu. 3.45 3.25 3.60 3.61
Total product return per acre 219.65 194.85 222.15 241.71
Miscellaneous income per acre 3.88 5.83 2.07 2.54
Gross return per acre 223.53 200.68 224.21 244.25
Direct Expenses
Seed 12.67 14.35 11.72 11.50
Fertilizer 34.73 37.18 36.41 32.49
Crop chemicals 21.51 31.86 16.54 15.59
Crop insurance 9.65 9.96 8.33 8.24
Drying fuel 0.61 1.80 0.22 0.03
Fuel & oil 8.22 8.50 7.92 7.51
Repairs 12.99 13.96 10.63 10.60
Custom hire 3.92 2.20 2.79 5.30
Operating interest 2.68 3.22 2.43 1.13
Miscellaneous 0.56 0.61 0.23 1.26
Total direct expenses per acre 107.54 123.64 97.21 93.65
Return over direct exp per acre 115.99 77.05 127.00 150.60
Overhead Expenses
Custom hire 1.56 2.60 0.64 1.53
Hired labor 6.86 7.33 8.30 5.19
Machinery & bldg leases 1.47 1.30 1.30 2.17
RE & pers. property taxes 10.14 11.33 8.59 9.28
Farm insurance 4.62 5.73 3.65 3.51
Utilities 1.88 2.18 1.77 1.50
Dues & professional fees 1.62 2.45 1.39 1.73
Interest 28.84 36.77 38.76 14.47
Mach & bldg depreciation 11.31 12.35 10.27 8.82
Miscellaneous 2.14 2.89 2.25 1.77
Total overhead expenses per acre 70.44 84.92 76.92 49.97
Total dir & ovhd expenses per acre 177.98 208.55 174.13 143.62
Net return per acre 45.56 -7.87 50.08 100.63
Lbr & mgt charge per acre 16.42 16.89 14.56 17.04
Net return over lbr & mgt 29.14 -24.76 35.53 83.59
Government payments 14.82 16.23 13.13 14.42
Net return with govt payments 43.95 -8.53 48.66 98.02
Cost of Production
Total direct expense per bu. 1.69 2.06 1.58 1.40
Total dir & ovhd exp per bu. 2.80 3.48 2.82 2.14
With labor & management 3.06 3.76 3.06 2.40
Total exp less govt & oth income 2.76 3.39 2.81 2.14
Est. labor hours per acre 1.19 1.26 1.16 1.15
|