Crop Enterprise Analysis
Farm Business Management - Moorhead
Northland Community and Technical College
(Farms Sorted By Net Return)
Soybeans on Cash Rent Excluding Roundup Ready
| Avg. Of | ||||
| All Farms | Low 20% | 40 - 60% | High 20% | |
| Number of fields | 28 | 5 | 5 | 5 |
| Number of farms | 27 | 5 | 5 | 5 |
| Acres | 329.82 | 242.30 | 341.68 | 476.14 |
| Yield per acre (bushel) | 37.29 | 29.02 | 37.98 | 42.78 |
| Operators share of yield % | 100.00 | 100.00 | 100.00 | 100.00 |
| Value per bushel | 5.17 | 5.04 | 5.10 | 5.37 |
| Total product return per acre | 192.86 | 146.17 | 193.49 | 229.56 |
| Miscellaneous income per acre | 8.11 | 4.57 | 7.81 | 11.96 |
| Gross return per acre | 200.97 | 150.74 | 201.30 | 241.52 |
| Direct Expenses | ||||
| Seed | 14.17 | 20.96 | 12.82 | 14.30 |
| Fertilizer | 2.88 | 2.50 | 2.70 | 3.64 |
| Crop chemicals | 23.63 | 19.26 | 23.52 | 25.98 |
| Crop insurance | 8.58 | 9.14 | 8.81 | 8.30 |
| Fuel & oil | 6.79 | 6.30 | 8.52 | 6.78 |
| Repairs | 9.96 | 9.94 | 6.78 | 13.65 |
| Custom hire | 3.34 | 4.08 | 1.68 | 4.41 |
| Hired labor | 0.41 | 1.82 | - | 0.65 |
| Land rent | 65.43 | 63.22 | 64.38 | 65.60 |
| Machinery & bldg leases | 0.27 | - | 0.80 | 0.46 |
| Operating interest | 3.29 | 4.65 | 4.92 | 2.47 |
| Total direct expenses per acre | 138.76 | 141.88 | 134.93 | 146.24 |
| Return over direct exp per acre | 62.21 | 8.86 | 66.36 | 95.28 |
| Overhead Expenses | ||||
| Custom hire | 1.45 | 0.79 | 1.19 | 1.21 |
| Hired labor | 4.30 | 4.99 | 3.55 | 6.03 |
| Machinery & bldg leases | 2.26 | 1.30 | 2.98 | 2.74 |
| Farm insurance | 2.58 | 2.64 | 3.12 | 2.31 |
| Utilities | 1.80 | 2.04 | 2.25 | 1.15 |
| Dues & professional fees | 1.92 | 1.74 | 1.85 | 2.00 |
| Interest | 3.02 | 4.45 | 5.64 | 1.81 |
| Mach & bldg depreciation | 6.12 | 4.83 | 6.47 | 8.36 |
| Miscellaneous | 1.99 | 3.37 | 2.69 | 2.13 |
| Total overhead expenses per acre | 25.44 | 26.14 | 29.72 | 27.75 |
| Total dir & ovhd expenses per acre | 164.20 | 168.02 | 164.66 | 173.99 |
| Net return per acre | 36.77 | -17.28 | 36.64 | 67.53 |
| Lbr & mgt charge per acre | 14.01 | 13.13 | 13.99 | 14.99 |
| Net return over lbr & mgt | 22.76 | -30.41 | 22.65 | 52.54 |
| Government payments | 24.39 | 26.50 | 23.17 | 25.07 |
| Net return with govt payments | 47.15 | -3.91 | 45.82 | 77.61 |
| Cost of Production | ||||
| Total direct expense per bushel | 3.72 | 4.89 | 3.55 | 3.42 |
| Total dir & ovhd exp per bushel | 4.40 | 5.79 | 4.34 | 4.07 |
| With labor & management | 4.78 | 6.24 | 4.70 | 4.42 |
| Total exp less govt & oth income | 3.91 | 5.17 | 3.89 | 3.55 |
| Est. labor hours per acre | 1.35 | 1.36 | 1.28 | 1.50 |