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

Wheat, Spring on Owned Land

Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 46 8 9 12
Number of farms 44 8 9 10
Acres 158.84 151.25 173.10 148.60
Yield per acre (bu.) 38.82 32.31 27.36 49.31
Operators share of yield % 100.00 100.00 100.00 100.00
Value per bu. 4.10 3.95 3.93 4.28
Total product return per acre 159.34 127.72 107.62 211.05
Miscellaneous income per acre 16.78 19.34 44.62 0.70
Gross return per acre 176.12 147.06 152.23 211.74
Direct Expenses
Seed 10.33 10.71 9.72 11.00
Fertilizer 25.52 24.44 25.03 25.23
Crop chemicals 19.38 18.06 16.50 22.36
Crop insurance 7.17 9.47 8.08 6.17
Fuel & oil 5.71 6.56 5.83 5.64
Repairs 11.68 10.55 9.28 13.98
Custom hire 0.68 - - 0.49
Operating interest 3.29 4.47 2.87 2.90
Miscellaneous 0.73 0.20 - 0.62
Total direct expenses per acre 84.48 84.46 77.31 88.37
Return over direct exp per acre 91.63 62.60 74.93 123.37
Overhead Expenses
Custom hire 0.98 1.18 0.99 0.27
Hired labor 4.92 7.42 4.68 2.90
Machinery & bldg leases 1.95 2.48 1.11 1.99
RE & pers. property taxes 10.89 9.68 7.14 10.68
Farm insurance 3.64 5.81 2.64 3.06
Utilities 1.81 2.39 1.44 1.71
Dues & professional fees 1.65 2.22 1.76 1.30
Interest 33.55 52.23 33.71 18.26
Mach & bldg depreciation 8.54 9.80 9.90 7.82
Miscellaneous 2.98 8.00 2.01 1.70
Total overhead expenses per acre 70.92 101.22 65.39 49.71
Total dir & ovhd expenses per acre 155.40 185.67 142.69 138.08
Net return per acre 20.71 -38.61 9.54 73.66
Lbr & mgt charge per acre 13.99 16.08 12.49 15.56
Net return over lbr & mgt 6.73 -54.70 -2.95 58.10
Government payments 13.60 14.08 13.54 12.44
Net return with govt payments 20.33 -40.62 10.59 70.53
Cost of Production
Total direct expense per bu. 2.18 2.61 2.83 1.79
Total dir & ovhd exp per bu. 4.00 5.75 5.22 2.80
With labor & management 4.36 6.24 5.67 3.12
Total exp less govt & oth income 3.58 5.21 3.55 2.85
Est. labor hours per acre 1.48 1.63 1.37 1.68