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	77	13	13	14
Number of farms	68	13	13	14

Acres	409.67	419.92	485.93	495.50
Yield per acre (bu.)	65.95	63.64	67.55	69.20
Operators share of yield %	100.00	100.00	100.00	100.00
Value per bu.	3.48	3.17	3.43	3.54
Total product return per acre	229.30	201.70	232.03	245.21
Miscellaneous income per acre	2.27	1.01	0.42	4.86
Gross return per acre	231.56	202.71	232.45	250.07

Direct Expenses
Seed	12.22	13.38	12.85	11.98
Fertilizer	36.18	38.46	37.25	34.48
Crop chemicals	22.55	31.42	20.95	19.39
Crop insurance	9.58	10.17	8.21	9.69
Drying fuel	0.84	2.07	-	0.52
Fuel & oil	7.79	8.88	7.70	7.58
Repairs	12.11	12.66	15.60	9.02
Custom hire	2.98	1.90	2.43	3.76
Land rent	69.07	66.03	69.96	63.83
Machinery & bldg leases	0.39	0.65	-	0.01
Operating interest	2.69	3.44	2.24	1.37
Miscellaneous	0.47	0.37	-	0.31
Total direct expenses per acre	176.85	189.41	177.19	161.94
Return over direct exp per acre	54.71	13.30	55.26	88.13

Overhead Expenses
Custom hire	1.01	1.35	0.72	1.28
Hired labor	4.67	3.23	4.54	3.19
Machinery & bldg leases	0.82	1.09	1.60	0.27
Farm insurance	4.41	5.01	4.73	2.85
Utilities	1.92	2.42	1.92	1.34
Dues & professional fees	1.84	1.48	2.40	2.05
Interest	2.86	4.51	2.60	1.75
Mach & bldg depreciation	10.54	12.35	9.54	11.16
Miscellaneous	2.40	2.92	1.48	2.15
Total overhead expenses per acre	30.47	34.36	29.54	26.03
Total dir & ovhd expenses per acre	207.32	223.77	206.73	187.97
Net return per acre	24.24	-21.06	25.72	62.10

Lbr & mgt charge per acre	16.30	15.94	12.98	16.90
Net return over lbr & mgt	7.95	-37.00	12.74	45.20
Government payments	14.97	14.16	15.43	15.45
Net return with govt payments	22.92	-22.84	28.17	60.65

Cost of Production
Total direct expense per bu.	2.68	2.98	2.62	2.34
Total dir & ovhd exp per bu.	3.14	3.52	3.06	2.72
With labor & management	3.39	3.77	3.25	2.96
Total exp less govt & oth income	3.13	3.53	3.02	2.67

Est. labor hours per acre	1.20	0.95	1.10	1.19