Crop Enterprise Analysis
Farm Business Management - Moorhead
Northland Community and Technical College
(Farms Sorted By Net Return)
Soybeans on Cash Rent , Roundup Ready
| Avg. Of | ||||
| All Farms | Low 20% | 40 - 60% | High 20% | |
| Number of fields | 47 | 9 | 9 | 9 |
| Number of farms | 46 | 9 | 8 | 9 |
| Acres | 397.81 | 367.13 | 343.72 | 376.70 |
| Yield per acre (bushel) | 34.26 | 25.31 | 33.99 | 39.56 |
| Operators share of yield % | 100.00 | 100.00 | 100.00 | 100.00 |
| Value per bushel | 5.17 | 5.16 | 5.19 | 5.18 |
| Total product return per acre | 177.05 | 130.66 | 176.59 | 204.82 |
| Miscellaneous income per acre | 7.31 | 7.90 | 10.14 | 9.44 |
| Gross return per acre | 184.36 | 138.56 | 186.73 | 214.26 |
| Direct Expenses | ||||
| Seed | 31.81 | 31.60 | 28.90 | 30.96 |
| Fertilizer | 4.04 | 1.42 | 4.74 | 4.83 |
| Crop chemicals | 14.39 | 19.70 | 12.61 | 12.05 |
| Crop insurance | 9.89 | 9.15 | 10.77 | 9.37 |
| Fuel & oil | 6.48 | 4.73 | 5.43 | 7.48 |
| Repairs | 11.01 | 8.51 | 8.57 | 12.49 |
| Custom hire | 2.26 | 4.21 | 4.70 | 0.82 |
| Land rent | 64.61 | 71.40 | 66.39 | 56.96 |
| Machinery & bldg leases | 0.45 | 0.99 | - | 1.54 |
| Operating interest | 3.40 | 2.23 | 4.95 | 1.95 |
| Miscellaneous | 0.47 | - | - | 0.13 |
| Total direct expenses per acre | 148.81 | 153.96 | 147.06 | 138.58 |
| Return over direct exp per acre | 35.55 | -15.40 | 39.66 | 75.68 |
| Overhead Expenses | ||||
| Custom hire | 2.00 | 2.33 | 0.33 | 0.68 |
| Hired labor | 4.42 | 2.89 | 3.95 | 4.22 |
| Machinery & bldg leases | 2.47 | 3.35 | 0.51 | 2.75 |
| Farm insurance | 4.01 | 1.57 | 3.68 | 2.52 |
| Utilities | 1.98 | 1.72 | 2.25 | 1.86 |
| Dues & professional fees | 1.52 | 1.23 | 1.30 | 2.36 |
| Interest | 4.01 | 2.60 | 4.69 | 3.46 |
| Mach & bldg depreciation | 7.37 | 4.63 | 7.58 | 11.01 |
| Miscellaneous | 2.63 | 1.28 | 5.85 | 2.07 |
| Total overhead expenses per acre | 30.39 | 21.60 | 30.12 | 30.95 |
| Total dir & ovhd expenses per acre | 179.20 | 175.56 | 177.18 | 169.52 |
| Net return per acre | 5.15 | -37.00 | 9.54 | 44.74 |
| Lbr & mgt charge per acre | 13.84 | 13.01 | 14.30 | 15.22 |
| Net return over lbr & mgt | -8.69 | -50.00 | -4.76 | 29.52 |
| Government payments | 24.63 | 22.42 | 23.02 | 24.11 |
| Net return with govt payments | 15.94 | -27.59 | 18.26 | 53.62 |
| Cost of Production | ||||
| Total direct expense per bushel | 4.34 | 6.08 | 4.33 | 3.50 |
| Total dir & ovhd exp per bushel | 5.23 | 6.94 | 5.21 | 4.28 |
| With labor & management | 5.63 | 7.45 | 5.63 | 4.67 |
| Total exp less govt & oth income | 4.70 | 6.25 | 4.66 | 3.82 |
| Est. labor hours per acre | 1.36 | 1.23 | 1.35 | 1.49 |