Crop Enterprise Analysis
Farm Business Management - Moorhead
Northland Community and Technical College
(Farms Sorted By RoundUp Ready)
Soybeans on Share Rent
Avg. Of | 100% | |
All Farms | RR | |
Number of fields | 12 | 10 |
Number of farms | 12 | 10 |
Acres | 141.79 | 149.83 |
Yield per acre (bu.) | 30.31 | 30.27 |
Operators share of yield % | 65.90 | 66.95 |
Value per bu. | 6.58 | 6.57 |
Total product return per acre | 131.36 | 133.12 |
Miscellaneous income per acre | - | - |
Gross return per acre | 131.36 | 133.12 |
Direct Expenses | ||
Seed | 28.67 | 31.61 |
Fertilizer | 1.71 | 1.56 |
Crop chemicals | 13.36 | 13.20 |
Crop insurance | 5.22 | 5.41 |
Fuel & oil | 6.84 | 6.88 |
Repairs | 12.28 | 12.46 |
Custom hire | 1.07 | 0.30 |
Machinery & bldg leases | 0.27 | - |
Operating interest | 3.62 | 3.64 |
Miscellaneous | 0.32 | 0.24 |
Total direct expenses per acre | 73.37 | 75.30 |
Return over direct exp per acre | 57.99 | 57.82 |
Overhead Expenses | ||
Custom hire | 1.50 | 1.71 |
Hired labor | 4.26 | 4.53 |
Machinery & bldg leases | 1.63 | 1.73 |
Farm insurance | 3.66 | 3.88 |
Utilities | 2.12 | 2.14 |
Dues & professional fees | 1.96 | 2.08 |
Interest | 3.74 | 4.11 |
Mach & bldg depreciation | 9.20 | 9.38 |
Miscellaneous | 3.17 | 3.26 |
Total overhead expenses per acre | 31.26 | 32.82 |
Total dir & ovhd expenses per acre | 104.63 | 108.12 |
Net return per acre | 26.73 | 25.00 |
Lbr & mgt charge per acre | 16.38 | 16.08 |
Net return over lbr & mgt | 10.35 | 8.92 |
Government payments | 10.85 | 10.83 |
Net return with govt payments | 21.20 | 19.75 |
Cost of Production | ||
Total direct expense per bu. | 3.67 | 3.72 |
Total dir & ovhd exp per bu. | 5.24 | 5.33 |
With labor & management | 6.06 | 6.13 |
Total exp less govt & oth income | 5.51 | 5.59 |
Est. labor hours per acre | 1.30 | 1.31 |