NCTC FBM - Moorhead
Crop Enterprise Analysis, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
(Farms sorted by Net Return)
SPRING WHEAT ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- --------- ---------
Number of fields 77 14 13
Number of farms 66 13 13
Acres 475.71 400.06 488.63
Yield per acre (bushel) 42.27 37.64 44.42
Operators share of yield % 100.00 100.00 100.00
Value per bushel 2.97 2.88 3.03
Total product return per acre 125.68 108.30 134.47
Miscellaneous income per acre 33.53 25.59 38.75
Gross return per acre 159.21 133.88 173.22
Direct expenses per acre
Seed 9.15 7.85 8.47
Fertilizer 26.58 28.38 26.22
Crop chemicals 20.09 21.98 16.73
Crop insurance 6.41 8.16 6.41
Drying fuel 0.10 0.01 0.13
Fuel & oil 4.64 4.69 5.12
Repairs 9.12 7.36 9.23
Custom hire 2.10 2.07 0.53
Hired labor 0.02 0.00 0.14
Land rent 67.92 71.76 59.00
Machinery & bldg leases 0.37 1.08 0.00
Marketing 0.09 0.00 0.00
Operating interest 5.01 8.51 3.02
Miscellaneous 0.10 0.00 0.00
Total direct expenses per acre 151.68 161.87 135.01
Return over direct expenses per acre 7.53 -27.99 38.21
Overhead expenses per acre
Custom hire 1.65 3.61 2.40
Hired labor 4.96 6.09 2.34
Machinery & bldg leases 2.51 4.20 0.59
Farm insurance 3.06 2.84 2.05
Utilities 1.37 1.64 1.03
Dues & professional fees 0.98 1.05 1.12
Interest 3.59 5.58 1.93
Mach & bldg depreciation 7.11 8.86 7.23
Miscellaneous 2.03 2.06 1.31
Total overhead expenses per acre 27.25 35.94 19.99
Total listed expenses per acre 178.93 197.81 155.00
Net return per acre -19.72 -63.93 18.22
Total direct expense per bushel 3.59 4.30 3.04
Total listed expense per bushel 4.23 5.26 3.49
Net return per bushel -0.47 -1.70 0.41
Breakeven yield per acre 48.90 59.86 38.40
Est. labor hours per acre 1.38 1.44 1.35
Net return including govt. payments 8.47 -34.69 45.39
Lbr & mgt charge per acre 12.25 13.21 13.14
Net return over lbr & mgt -3.78 -47.90 32.25