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

Soybeans on Owned Land

Avg. Of
All Farms Low 20% High 20%
Number of fields 33 6 9
Number of farms 30 6 6
Acres 204.38 327.67 118.46
Yield per acre (bushel) 32.43 29.52 36.09
Operators share of yield % 100.00 100.00 100.00
Value per bushel 5.28 5.05 5.47
Total product return per acre 171.27 149.15 197.39
Miscellaneous income per acre 10.75 23.19 20.46
Gross return per acre 182.02 172.34 217.85
Direct Expenses
Seed 18.00 25.66 10.03
Fertilizer 3.26 2.12 3.17
Crop chemicals 17.66 20.32 16.73
Crop insurance 10.20 11.85 6.36
Fuel & oil 6.66 5.70 6.18
Repairs 10.36 9.21 10.11
Custom hire 1.34 0.32 4.75
Hired labor 0.19 0.65 -
Operating interest 3.82 5.47 0.57
Miscellaneous 0.32 0.56 0.09
Total direct expenses per acre 71.80 81.84 58.00
Return over direct exp per acre 110.22 90.51 159.85
Overhead Expenses
Custom hire 1.69 3.08 0.50
Hired labor 4.45 2.30 0.88
Machinery & bldg leases 2.42 5.07 1.30
RE & pers. property taxes 12.26 15.97 10.82
Farm insurance 3.30 3.49 2.95
Utilities 1.96 1.35 2.27
Dues & professional fees 1.59 1.37 1.99
Interest 43.06 64.91 23.54
Mach & bldg depreciation 8.77 6.75 8.88
Miscellaneous 3.32 1.80 1.92
Total overhead expenses per acre 82.83 106.09 55.04
Total dir & ovhd expenses per acr 154.63 187.92 113.03
Net return per acre 27.38 -15.58 104.81
Lbr & mgt charge per acre 15.53 14.76 20.33
Net return over lbr & mgt 11.86 -30.35 84.49
Government payments 27.95 28.37 26.67
Net return with govt payments 39.81 -1.98 111.16
Cost of Producton
Total direct expense per bushel 2.21 2.77 1.61
Total dir & ovhd exp per bushel 4.77 6.37 3.13
With labor & management 5.25 6.87 3.70
Total exp less govt & oth income 4.05 5.12 2.39
Est. labor hours per acre 1.48 1.15 1.86