Crop Enterprise Analysis
Farm Business Management - Moorhead
Northland Community and Technical College
(Farms Sorted By RoundUp Ready)

Soybeans on Owned Land

Avg. Of 100% No
All Farms RR RR
Number of fields 39 31 6
Number of farms 34 27 6
Acres 165.62 175.35 95.52
Yield per acre (bu.) 32.95 33.34 27.23
Operators share of yield % 100.00 100.00 100.00
Value per bu. 5.29 5.30 5.31
Total product return per acre 174.46 176.69 144.54
Miscellaneous income per acre 12.54 10.76 39.25
Gross return per acre 187.00 187.45 183.79
Direct Expenses
Seed 27.92 30.26 10.09
Fertilizer 1.50 1.57 1.98
Crop chemicals 13.53 12.11 24.47
Crop insurance 9.77 9.84 10.52
Fuel & oil 5.54 5.43 6.91
Repairs 9.76 9.64 11.03
Custom hire 0.97 0.81 1.19
Machinery & bldg leases 0.21 0.19 0.51
Operating interest 2.67 2.24 5.85
Miscellaneous 0.23 0.28 -
Total direct expenses per acre 72.10 72.36 72.55
Return over direct exp per acre 114.90 115.08 111.24
Overhead Expenses
Custom hire 1.08 1.20 0.14
Hired labor 6.01 6.68 3.73
Machinery & bldg leases 1.38 1.44 1.89
RE & pers. property taxes 8.54 8.12 10.31
Farm insurance 3.28 3.40 2.73
Utilities 2.13 2.18 1.85
Dues & professional fees 2.13 2.21 1.86
Interest 31.67 33.57 27.37
Mach & bldg depreciation 9.27 9.43 10.15
Miscellaneous 3.43 3.70 2.81
Total overhead expenses per acre 68.91 71.92 62.85
Total dir & ovhd expenses per acre 141.01 144.28 135.40
Net return per acre 45.98 43.16 48.39
Lbr & mgt charge per acre 16.45 16.16 16.66
Net return over lbr & mgt 29.53 27.00 31.74
Government payments 14.16 14.54 11.59
Net return with govt payments 43.69 41.55 43.33
Cost of Production
Total direct expense per bu. 2.19 2.17 2.66
Total dir & ovhd exp per bu. 4.28 4.33 4.97
With labor & management 4.78 4.81 5.58
Total exp less govt & oth income 3.97 4.05 3.72
Est. labor hours per acre 1.67 1.69 1.40