TABLE 13 - 23
Crop Enterprise Analysis
Minnesota and North Dakota Farm Business Mgmt. Education
Red River Valley, 2004
(Farms Sorted By Net Return)
Wheat, Spring on Share Rent
Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 51 10 7 9
Number of farms 34 6 7 7
Acres 129.10 132.60 122.46 164.30
Yield per acre (bu.) 64.70 61.83 64.64 66.83
Operators share of yield % 66.77 64.41 64.46 66.12
Value per bu. 3.42 3.10 3.46 3.50
Total product return per acre 147.75 123.64 144.38 154.63
Miscellaneous income per acre 3.51 - 12.11 4.27
Gross return per acre 151.27 123.64 156.49 158.89
Direct Expenses
Seed 12.57 12.02 11.98 12.68
Fertilizer 31.71 30.93 33.14 35.57
Crop chemicals 17.19 28.94 18.05 12.89
Crop insurance 6.46 7.97 7.39 3.52
Drying fuel 0.41 1.60 - -
Fuel & oil 7.61 7.69 6.13 5.83
Repairs 12.29 10.16 11.51 8.52
Custom hire 2.63 1.34 7.42 2.07
Operating interest 2.27 3.00 2.68 1.71
Miscellaneous 0.17 - - 0.40
Total direct expenses per acre 93.29 103.65 98.29 83.19
Return over direct exp per acre 57.98 19.99 58.20 75.70
Overhead Expenses
Custom hire 1.27 1.76 0.63 0.01
Hired labor 5.12 5.54 3.54 2.67
Machinery & bldg leases 2.10 2.21 3.42 0.65
Farm insurance 4.95 5.72 3.49 4.46
Utilities 1.90 2.11 1.85 1.47
Dues & professional fees 1.44 2.43 1.57 0.23
Interest 2.48 4.29 2.25 1.21
Mach & bldg depreciation 10.63 11.93 9.89 8.44
Miscellaneous 2.10 2.44 3.04 0.90
Total overhead expenses per acre 31.99 38.44 29.69 20.03
Total dir & ovhd expenses per acre 125.27 142.09 127.99 103.22
Net return per acre 25.99 -18.45 28.51 55.67
Lbr & mgt charge per acre 16.75 19.11 16.31 15.07
Net return over lbr & mgt 9.24 -37.56 12.20 40.60
Government payments 10.01 10.07 9.43 11.55
Net return with govt payments 19.25 -27.49 21.62 52.15
Cost of Production
Total direct expense per bu. 2.16 2.60 2.36 1.88
Total dir & ovhd exp per bu. 2.90 3.57 3.07 2.34
With labor & management 3.29 4.05 3.46 2.68
Total exp less govt & oth income 2.97 3.79 2.95 2.32
Est. labor hours per acre 1.05 1.32 0.90 0.96
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