Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
SOYBEANS ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 25 6 6
Number of farms 23 5 5
Acres 121.07 89.35 33.55
Yield per acre (bushel) 33.88 25.05 35.82
Operators share of yield % 100.00 100.00 100.00
Value per bushel 4.56 4.70 5.00
Total product return per acre 154.37 117.63 179.27
Miscellaneous income per acre 4.20 0.00 0.00
Gross return per acre 158.58 117.63 179.27
Direct expenses per acre
Seed 16.09 18.87 15.41
Fertilizer 5.85 11.35 7.31
Crop chemicals 19.39 26.73 16.33
Crop insurance 6.95 3.34 8.57
Fuel & oil 8.79 6.87 5.71
Repairs 13.29 14.02 7.99
Custom hire 3.20 11.84 0.00
Operating interest 7.02 2.81 1.05
Miscellaneous 0.44 0.23 0.00
Total direct expenses per acre 81.00 96.06 62.35
Return over direct expenses per acre 77.58 21.57 116.91
Overhead expenses per acre
Hired labor 7.48 3.42 7.36
Machinery & bldg leases 1.33 3.09 0.38
RE & pers. property taxes 5.15 4.33 4.95
Farm insurance 2.16 1.72 1.54
Utilities 2.60 1.58 1.67
Dues & professional fees 1.02 0.45 0.85
Interest 16.71 16.61 6.42
Mach & bldg depreciation 15.19 11.56 15.19
Miscellaneous 1.98 2.03 3.11
Total overhead expenses per acre 53.61 44.80 41.48
Total listed expenses per acre 134.62 140.85 103.83
Net return per acre 23.96 -23.22 75.44
Total direct expense per bushel 2.39 3.84 1.74
Total listed expense per bushel 3.97 5.62 2.90
Net return per bushel 0.71 -0.93 2.11
Breakeven yield per acre 28.62 29.99 20.75
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
SOYBEANS ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 45 7 7
Number of farms 28 6 6
Acres 97.35 75.29 74.47
Yield per acre (bushel) 33.39 24.71 38.60
Operators share of yield % 100.00 100.00 100.00
Value per bushel 4.71 4.89 4.69
Total product return per acre 157.40 120.81 180.92
Miscellaneous income per acre 4.35 1.60 18.54
Gross return per acre 161.75 122.41 199.46
Direct expenses per acre
Seed 16.74 16.47 15.99
Fertilizer 7.72 7.80 6.38
Crop chemicals 20.98 22.73 19.88
Crop insurance 7.48 10.37 4.99
Fuel & oil 7.92 7.51 9.68
Repairs 12.49 13.45 13.18
Custom hire 1.94 6.31 1.89
Land rent 35.04 38.68 36.91
Operating interest 5.99 6.02 3.76
Miscellaneous 0.12 1.42 0.00
Total direct expenses per acre 116.47 130.75 112.65
Return over direct expenses per acre 45.28 -8.34 86.81
Overhead expenses per acre
Hired labor 7.57 5.20 2.11
Machinery & bldg leases 2.63 4.77 1.35
Farm insurance 2.87 3.31 2.42
Utilities 2.14 1.35 1.84
Dues & professional fees 0.77 1.12 0.00
Interest 4.30 4.19 6.16
Mach & bldg depreciation 12.90 11.40 13.42
Miscellaneous 2.04 2.40 2.43
Total overhead expenses per acre 35.21 33.76 29.73
Total listed expenses per acre 151.68 164.51 142.39
Net return per acre 10.07 -42.10 57.07
Total direct expense per bushel 3.49 5.29 2.92
Total listed expense per bushel 4.54 6.66 3.69
Net return per bushel 0.30 -1.70 1.48
Breakeven yield per acre 31.25 33.32 26.42
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Average of All Farms)
SOYBEANS ON SHARE RENTED LAND
Average For
All Farms
Number of fields 7
Number of farms 7
Acres 89.50
Yield per acre (bushel) 39.79
Operators share of yield % 69.88
Value per bushel 5.04
Total product return per acre 139.54
Miscellaneous income per acre 4.84
Gross return per acre 144.39
Direct expenses per acre
Seed 12.25
Fertilizer 6.93
Crop chemicals 15.51
Crop insurance 6.93
Fuel & oil 8.55
Repairs 13.25
Custom hire 2.91
Operating interest 4.25
Total direct expenses per acre 70.58
Return over direct expenses per acre 73.81
Overhead expenses per acre
Hired labor 8.69
Machinery & bldg leases 2.32
Farm insurance 3.21
Utilities 1.95
Dues & professional fees 0.73
Interest 6.24
Mach & bldg depreciation 16.81
Miscellaneous 2.70
Total overhead expenses per acre 42.64
Total listed expenses per acre 113.22
Net return per acre 31.17
Total direct expense per bushel 2.54
Total listed expense per bushel 4.07
Net return per bushel 1.12
Breakeven yield per acre 30.74