NCTC FBM - Moorhead
Crop Enterprise Analysis, 1999
Northland Community and Technical College Farm Business Mgt.
Moorhead
(Farms sorted by Net Return)
SPRING WHEAT ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
---------- --------- ---------
Number of fields 48 10 10
Number of farms 43 9 9
Acres 230.73 189.92 208.85
Yield per acre (bushel) 40.95 36.81 43.78
Operators share of yield % 100.00 100.00 100.00
Value per bushel 3.00 2.92 3.13
Total product return per acre 122.74 107.63 136.91
Miscellaneous income per acre 33.55 35.46 50.58
Gross return per acre 156.29 143.10 187.49
Direct expenses per acre
Seed 9.54 8.98 10.79
Fertilizer 25.44 27.24 27.45
Crop chemicals 19.62 20.01 18.75
Crop insurance 6.64 5.62 11.06
Drying fuel 0.03 0.00 0.00
Fuel & oil 4.84 7.26 4.02
Repairs 9.05 12.72 8.05
Custom hire 0.80 0.86 0.73
Machinery & bldg leases 0.35 1.85 0.00
Operating interest 4.33 7.07 3.09
Miscellaneous 0.11 0.00 0.00
Total direct expenses per acre 80.76 91.61 83.93
Return over direct expenses per acre 75.54 51.49 103.57
Overhead expenses per acre
Custom hire 1.27 2.34 1.88
Hired labor 5.68 8.92 1.96
Machinery & bldg leases 1.20 1.60 1.34
RE & pers. property taxes 15.83 18.84 16.44
Farm insurance 3.56 3.40 4.14
Utilities 1.77 2.15 1.50
Dues & professional fees 1.15 1.17 1.03
Interest 35.45 53.26 16.88
Mach & bldg depreciation 9.03 9.32 8.77
Miscellaneous 2.63 2.52 1.83
Total overhead expenses per acre 77.56 103.52 55.77
Total listed expenses per acre 158.32 195.13 139.70
Net return per acre -2.03 -52.04 47.79
Total direct expense per bushel 1.97 2.49 1.92
Total listed expense per bushel 3.87 5.30 3.19
Net return per bushel -0.05 -1.41 1.09
Breakeven yield per acre 41.63 54.61 28.50
Est. labor hours per acre 1.56 2.03 1.12
Net return including govt. payments 26.87 -22.50 74.44
Lbr & mgt charge per acre 12.79 15.26 11.24
Net return over lbr & mgt 14.07 -37.76 63.20