Crop Enterprise Analysis
Farm Business Management - Moorhead
Northland Community and Technical College
(Farms Sorted By Net Return)

Wheat, Spring on Cash Rent

	Avg. Of
	All Farms	Low 20%	40 - 60%	High 20%

Number of fields	69	13	13	13
Number of farms	68	13	13	13

Acres	537.77	432.13	674.72	582.35
Yield per acre (bushel)	50.47	45.35	51.97	53.20
Operators share of yield %	100.00	100.00	100.00	100.00
Value per bushel	3.18	3.01	3.23	3.32
Total product return per acre	160.37	136.44	168.01	176.72
Miscellaneous income per acre	4.01	3.36	2.61	4.65
Gross return per acre	164.38	139.79	170.62	181.37

Direct Expenses
Seed	9.13	8.56	8.96	8.32
Fertilizer	28.63	26.90	30.78	27.34
Crop chemicals	19.80	27.36	19.12	16.18
Crop insurance	7.25	7.69	7.60	7.54
Fuel & oil	6.20	7.53	5.77	5.66
Repairs	10.69	13.53	13.56	7.92
Custom hire	1.96	3.18	1.47	3.15
Hired labor	0.35	0.33	0.85	0.15
Land rent	64.82	66.27	67.86	57.28
Machinery & bldg leases	0.48	1.85	0.07	0.54
Operating interest	3.14	3.63	4.39	2.70
Miscellaneous	0.20	-	0.06	0.24
Total direct expenses per acre	152.66	166.83	160.47	137.02
Return over direct exp per acre	11.72	-27.04	10.14	44.34

Overhead Expenses
Custom hire	1.43	0.65	0.97	1.53
Hired labor	5.00	6.95	4.93	3.75
Machinery & bldg leases	2.24	1.50	3.91	1.72
Farm insurance	3.15	3.91	2.91	1.58
Utilities	1.94	2.42	1.65	1.75
Dues & professional fees	1.68	1.62	1.87	1.40
Interest	3.24	3.74	3.86	2.28
Mach & bldg depreciation	6.82	5.60	6.43	8.15
Miscellaneous	2.24	1.63	2.61	2.48
Total overhead expenses per acre	27.75	28.00	29.14	24.63
Total dir & ovhd expenses per acre	180.41	194.83	189.61	161.65
Net return per acre	-16.03	-55.04	-18.99	19.72

Lbr & mgt charge per acre	13.19	14.42	12.01	14.53
Net return over lbr & mgt	-29.21	-69.46	-31.00	5.19
Government payments	24.45	26.54	22.68	23.16
Net return with govt payments	-4.77	-42.92	-8.32	28.35

Cost of Production
Total direct expense per bushel	3.02	3.68	3.09	2.58
Total dir & ovhd exp per bushel	3.57	4.30	3.65	3.04
With labor & management	3.84	4.61	3.88	3.31
Total exp less govt & oth income	3.27	3.96	3.39	2.79

Est. labor hours per acre	1.28	1.39	1.10	1.33