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

Wheat, Spring on Cash Rent

Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 66 13 13 14
Number of farms 66 13 13 14
Acres 563.08 468.03 558.09 529.84
Yield per acre (bu.) 37.26 31.16 33.72 48.21
Operators share of yield % 100.00 100.00 100.00 100.00
Value per bu. 4.00 3.86 4.00 4.13
Total product return per acre 148.96 120.17 135.00 199.26
Miscellaneous income per acre 18.08 18.80 20.92 11.88
Gross return per acre 167.05 138.97 155.92 211.15
Direct Expenses
Seed 10.35 11.16 10.06 10.27
Fertilizer 26.66 23.98 25.49 26.99
Crop chemicals 18.59 18.02 19.09 18.73
Crop insurance 7.38 7.17 7.47 6.62
Fuel & oil 5.33 5.89 5.05 5.46
Repairs 10.74 11.83 8.37 13.83
Custom hire 1.17 0.97 1.08 1.24
Hired labor 0.16 - 0.12 0.55
Land rent 65.40 71.72 65.14 61.87
Machinery & bldg leases 0.59 1.90 0.18 0.04
Operating interest 2.80 4.93 3.14 2.44
Miscellaneous 0.43 0.74 0.11 0.37
Total direct expenses per acre 149.59 158.31 145.30 148.40
Return over direct exp per acre 17.45 -19.34 10.62 62.75
Overhead Expenses
Custom hire 1.62 1.98 1.20 1.93
Hired labor 4.87 6.15 6.93 3.00
Machinery & bldg leases 1.66 1.42 1.02 1.91
Farm insurance 3.47 5.40 2.82 2.89
Utilities 1.89 2.87 1.96 1.61
Dues & professional fees 1.63 1.73 1.32 1.11
Interest 2.39 2.79 2.14 1.24
Mach & bldg depreciation 7.70 6.68 7.81 8.43
Miscellaneous 2.18 4.08 2.22 1.55
Total overhead expenses per acre 27.42 33.11 27.42 23.67
Total dir & ovhd expenses per acre 177.01 191.42 172.72 172.06
Net return per acre -9.96 -52.44 -16.80 39.08
Lbr & mgt charge per acre 13.49 14.93 12.44 14.12
Net return over lbr & mgt -23.45 -67.37 -29.24 24.96
Government payments 13.51 14.11 12.25 12.49
Net return with govt payments -9.94 -53.26 -16.99 37.44
Cost of Production
Total direct expense per bu. 4.01 5.08 4.31 3.08
Total dir & ovhd exp per bu. 4.75 6.14 5.12 3.57
With labor & management 5.11 6.62 5.49 3.86
Total exp less govt & oth income 4.26 5.57 4.51 3.36
Est. labor hours per acre 1.30 1.47 1.35 1.32