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

Soybeans on Cash Rent

	Avg. Of
	All Farms	Low 20%	40 - 60%	High 20%

Number of fields	78	15	16	17
Number of farms	71	14	14	15

Acres	455.54	480.75	458.25	351.94
Yield per acre (bu.)	29.89	27.69	30.76	34.00
Operators share of yield %	100.00	100.00	100.00	100.00
Value per bu.	6.61	6.24	6.52	7.31
Total product return per acre	197.56	172.89	200.54	248.55
Miscellaneous income per acre	18.49	4.85	4.23	22.71
Gross return per acre	216.05	177.74	204.77	271.26

Direct Expenses
Seed	28.70	28.15	27.48	29.15
Fertilizer	2.96	3.55	2.81	1.44
Crop chemicals	14.54	15.33	15.05	13.46
Crop insurance	10.08	10.13	8.96	9.35
Fuel & oil	6.33	7.62	5.10	6.44
Repairs	11.53	12.48	11.91	10.52
Custom hire	1.75	2.75	0.39	0.87
Land rent	66.27	70.20	65.77	68.26
Machinery & bldg leases	0.23	-	0.68	0.45
Operating interest	2.76	2.89	3.01	3.24
Miscellaneous	0.37	-	0.74	0.49
Total direct expenses per acre	145.52	153.10	141.90	143.67
Return over direct exp per acre	70.53	24.64	62.88	127.59

Overhead Expenses
Custom hire	1.67	1.41	0.85	1.03
Hired labor	5.29	6.67	5.03	3.26
Machinery & bldg leases	1.86	2.26	2.01	2.63
Farm insurance	4.13	5.99	4.78	3.76
Utilities	1.97	2.56	2.10	2.06
Dues & professional fees	1.73	1.93	2.06	1.77
Interest	3.10	4.18	2.64	2.86
Mach & bldg depreciation	9.33	9.22	7.69	8.74
Miscellaneous	1.89	1.83	2.27	2.07
Total overhead expenses per acre	30.97	36.06	29.44	28.19
Total dir & ovhd expenses per acre	176.49	189.16	171.34	171.86
Net return per acre	39.56	-11.42	33.44	99.40

Lbr & mgt charge per acre	16.15	15.02	18.01	15.52
Net return over lbr & mgt	23.41	-26.44	15.42	83.88
Government payments	14.51	14.35	13.75	14.96
Net return with govt payments	37.92	-12.09	29.17	98.85

Cost of Production
Total direct expense per bu.	4.87	5.53	4.61	4.23
Total dir & ovhd exp per bu.	5.90	6.83	5.57	5.06
With labor & management	6.45	7.37	6.15	5.51
Total exp less govt & oth income	5.34	6.68	5.57	4.40

Est. labor hours per acre	1.16	1.25	1.22	0.99