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

Soybeans on Owned Land

Avg. Of
All Farms Low 20% 40 - 60% High 20%
Number of fields 38 7 7 10
Number of farms 36 7 7 8
Acres 196.32 184.71 150.64 158.45
Yield per acre (bu.) 31.37 26.04 28.46 35.35
Operators share of yield % 100.00 100.00 100.00 100.00
Value per bu. 7.05 6.51 6.17 7.77
Total product return per acre 221.32 169.60 175.61 274.49
Miscellaneous income per acre 13.25 3.66 33.78 6.83
Gross return per acre 234.57 173.26 209.38 281.33
Direct Expenses
Seed 33.36 29.76 25.59 30.96
Fertilizer 4.58 0.39 0.84 2.09
Crop chemicals 14.32 15.84 16.66 12.94
Crop insurance 11.73 11.54 7.98 10.14
Fuel & oil 6.26 6.14 6.21 5.57
Repairs 11.84 11.36 9.07 12.17
Custom hire 2.79 0.35 2.17 -
Operating interest 3.77 3.56 3.54 4.81
Miscellaneous 0.18 0.23 0.29 0.02
Total direct expenses per acre 88.83 79.17 72.34 78.68
Return over direct exp per acre 145.74 94.09 137.04 202.65
Overhead Expenses
Custom hire 1.85 0.11 2.71 2.48
Hired labor 4.65 6.49 3.73 5.62
Machinery & bldg leases 2.14 1.81 2.30 6.90
RE & pers. property taxes 10.40 8.03 9.80 11.08
Farm insurance 4.59 4.64 3.07 6.89
Utilities 2.09 2.97 1.44 2.98
Dues & professional fees 1.70 2.18 1.38 2.17
Interest 35.54 39.26 41.19 32.97
Mach & bldg depreciation 10.48 7.53 13.52 11.00
Miscellaneous 3.05 2.41 1.94 6.97
Total overhead expenses per acre 76.49 75.43 81.09 89.08
Total dir & ovhd expenses per acre 165.31 154.60 153.43 167.76
Net return per acre 69.25 18.66 55.95 113.57
Lbr & mgt charge per acre 18.27 10.45 14.74 20.11
Net return over lbr & mgt 50.98 8.21 41.21 93.46
Government payments 14.50 15.70 13.33 17.99
Net return with govt payments 65.47 23.91 54.54 111.45
Cost of Production
Total direct expense per bu. 2.83 3.04 2.54 2.23
Total dir & ovhd exp per bu. 5.27 5.94 5.39 4.75
With labor & management 5.85 6.34 5.91 5.31
Total exp less govt & oth income 4.97 5.59 4.25 4.61
Est. labor hours per acre 1.18 1.07 0.93 1.23