NCTC FBM - Moorhead
Crop Enterprise Analysis, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
(Farms sorted by Net Return)
SOYBEANS ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- -------- ----------
Number of fields 27 5 7
Number of farms 24 5 5
Acres 216.96 186.80 191.36
Yield per acre (bushel) 34.49 25.17 34.88
Operators share of yield % 100.00 100.00 100.00
Value per bushel 4.11 4.49 4.05
Total product return per acre 141.77 113.04 141.25
Miscellaneous income per acre 45.49 23.09 53.00
Gross return per acre 187.26 136.13 194.25
Direct expenses per acre
Seed 13.48 16.20 11.66
Fertilizer 6.45 5.78 7.07
Crop chemicals 22.91 14.69 22.94
Crop insurance 7.89 6.06 6.76
Fuel & oil 5.44 6.78 5.72
Repairs 9.20 14.96 7.43
Custom hire 0.98 0.96 3.01
Machinery & bldg leases 0.34 2.13 0.00
Operating interest 4.92 4.94 0.36
Miscellaneous 0.02 0.00 0.07
Total direct expenses per acre 71.62 72.50 65.03
Return over direct expenses per acre 115.64 63.63 129.22
Overhead expenses per acre
Custom hire 1.46 0.15 0.24
Hired labor 3.81 5.04 3.25
Machinery & bldg leases 2.31 0.00 0.58
RE & pers. property taxes 13.53 11.57 9.91
Farm insurance 2.48 4.23 3.34
Utilities 1.55 1.96 2.03
Dues & professional fees 1.13 1.56 0.75
Interest 38.41 47.74 13.09
Mach & bldg depreciation 9.29 11.77 11.27
Miscellaneous 2.15 1.89 1.06
Total overhead expenses per acre 76.13 85.91 45.52
Total listed expenses per acre 147.75 158.41 110.55
Net return per acre 39.52 -22.28 83.71
Total direct expense per bushel 2.08 2.88 1.86
Total listed expense per bushel 4.28 6.29 3.17
Net return per bushel 1.15 -0.89 2.40
Breakeven yield per acre 24.87 30.14 14.21
Est. labor hours per acre 1.42 1.63 1.88
Net return including govt. payments 66.39 7.90 107.35
Lbr & mgt charge per acre 12.20 11.15 16.66
Net return over lbr & mgt 54.18 -3.25 90.69