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

Soybeans on Cash Rent

Avg. Of
All Farms Low 20% High 20%
Number of fields 80 13 22
Number of farms 63 12 12
Acres 361.46 422.70 164.83
Yield per acre (bushel) 30.96 28.56 35.20
Operators share of yield % 100.00 100.00 100.00
Value per bushel 5.35 5.26 5.72
Total product return per acre 165.48 150.32 201.25
Miscellaneous income per acre 21.51 6.88 30.51
Gross return per acre 186.99 157.20 231.76
Direct Expenses
Seed 16.79 26.63 13.17
Fertilizer 5.57 1.90 1.40
Crop chemicals 20.32 18.57 16.91
Crop insurance 9.15 8.20 7.51
Fuel & oil 5.98 5.69 5.72
Repairs 8.65 10.27 7.86
Custom hire 2.07 0.61 1.52
Land rent 64.70 66.03 61.12
Operating interest 4.09 3.59 2.63
Miscellaneous 0.39 0.44 0.15
Total direct expenses per acre 137.70 141.91 117.98
Return over direct exp per acre 49.28 15.29 113.78
Overhead Expenses
Custom hire 3.00 4.73 1.55
Hired labor 3.75 4.73 1.35
Machinery & bldg leases 2.91 3.55 1.20
Farm insurance 3.03 3.42 4.14
Utilities 1.46 1.29 2.02
Dues & professional fees 1.25 1.33 1.66
Interest 3.80 4.76 3.85
Mach & bldg depreciation 6.52 6.92 6.58
Miscellaneous 2.32 1.70 1.90
Total overhead expenses per acre 28.04 32.44 24.27
Total dir & ovhd expenses per acr 165.74 174.35 142.25
Net return per acre 21.24 -17.15 89.51
Lbr & mgt charge per acre 12.81 10.37 15.83
Net return over lbr & mgt 8.44 -27.52 73.68
Government payments 30.72 29.94 28.97
Net return with govt payments 39.15 2.43 102.66
Cost of Producton
Total direct expense per bushel 4.45 4.97 3.35
Total dir & ovhd exp per bushel 5.35 6.10 4.04
With labor & management 5.76 6.47 4.41
Total exp less govt & oth income 4.10 5.18 2.92
Est. labor hours per acre 1.25 1.27 1.35