NCTC FBM - Moorhead
Crop Enterprise Analysis, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
(Farms sorted by Net Return)
SOYBEANS ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- --------- ----------
Number of fields 74 23 12
Number of farms 58 12 12
Acres 325.82 201.87 379.78
Yield per acre (bushel) 36.04 32.09 45.10
Operators share of yield % 100.00 100.00 100.00
Value per bushel 4.18 4.40 4.18
Total product return per acre 150.62 141.19 188.29
Miscellaneous income per acre 43.08 29.91 53.38
Gross return per acre 193.70 171.11 241.68
Direct expenses per acre
Seed 13.61 12.84 12.88
Fertilizer 3.63 7.95 2.13
Crop chemicals 24.92 23.86 24.19
Crop insurance 8.55 7.18 7.92
Drying fuel 0.02 0.00 0.00
Fuel & oil 4.90 5.21 4.62
Repairs 8.77 8.82 10.41
Custom hire 2.64 1.72 2.92
Hired labor 0.04 0.00 0.00
Land rent 65.96 68.00 66.25
Machinery & bldg leases 0.56 1.12 1.65
Marketing 0.11 0.56 0.00
Operating interest 5.90 8.71 2.62
Miscellaneous 0.05 0.00 0.00
Total direct expenses per acre 139.67 145.97 135.57
Return over direct expenses per acre 54.04 25.14 106.10
Overhead expenses per acre
Custom hire 2.18 3.52 0.58
Hired labor 5.24 9.58 2.62
Machinery & bldg leases 2.18 2.96 0.92
Farm insurance 2.93 3.83 2.74
Utilities 1.48 2.12 1.05
Dues & professional fees 1.14 1.59 0.78
Interest 3.86 6.25 2.62
Mach & bldg depreciation 7.99 11.94 6.90
Miscellaneous 2.17 3.63 2.49
Total overhead expenses per acre 29.16 45.42 20.70
Total listed expenses per acre 168.83 191.39 156.27
Net return per acre 24.88 -20.29 85.41
Total direct expense per bushel 3.87 4.55 3.01
Total listed expense per bushel 4.68 5.96 3.47
Net return per bushel 0.69 -0.63 1.89
Breakeven yield per acre 30.09 36.70 24.64
Est. labor hours per acre 1.48 1.58 1.47
Net return including govt. payments 52.96 7.68 112.30
Lbr & mgt charge per acre 13.36 13.76 13.73
Net return over lbr & mgt 39.60 -6.08 98.57