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 47 8 8 9
Number of farms 43 8 8 9
Acres 216.28 179.00 345.69 264.82
Yield per acre (bu.) 59.57 54.89 57.61 65.05
Operators share of yield % 100.00 100.00 100.00 100.00
Value per bu. 3.64 3.65 3.61 3.78
Total product return per acre 216.82 200.50 208.25 245.65
Miscellaneous income per acre 2.55 0.33 4.42 1.27
Gross return per acre 219.37 200.82 212.68 246.91
Direct Expenses
Seed 12.07 12.83 11.23 12.62
Fertilizer 29.21 27.88 27.63 27.68
Crop chemicals 23.86 23.13 25.46 20.29
Crop insurance 8.36 9.60 7.03 9.74
Fuel & oil 6.17 5.85 5.87 6.35
Repairs 12.53 9.72 13.05 12.12
Custom hire 1.50 0.21 1.13 2.68
Operating interest 3.18 5.02 2.14 3.01
Miscellaneous 0.40 0.28 0.46 0.48
Total direct expenses per acre 97.28 94.53 94.00 94.96
Return over direct exp per acre 122.09 106.29 118.68 151.96
Overhead Expenses
Custom hire 1.24 3.35 0.55 0.68
Hired labor 7.22 6.51 10.27 6.32
Machinery & bldg leases 2.04 4.96 1.20 2.87
RE & pers. property taxes 10.84 13.18 11.58 10.22
Farm insurance 4.65 7.58 3.04 5.21
Utilities 2.02 2.49 1.67 1.47
Dues & professional fees 1.44 1.94 1.30 0.99
Interest 29.06 51.28 34.20 18.57
Mach & bldg depreciation 9.42 10.51 8.74 8.86
Miscellaneous 2.67 6.72 2.05 1.66
Total overhead expenses per acre 70.59 108.51 74.60 56.86
Total dir & ovhd expenses per acre 167.87 203.04 168.60 151.81
Net return per acre 51.51 -2.22 44.08 95.10
Lbr & mgt charge per acre 14.34 15.59 13.49 12.73
Net return over lbr & mgt 37.17 -17.81 30.59 82.37
Government payments 15.07 15.03 13.71 15.09
Net return with govt payments 52.24 -2.78 44.29 97.47
Cost of Production
Total direct expense per bu. 1.63 1.72 1.63 1.46
Total dir & ovhd exp per bu. 2.82 3.70 2.93 2.33
With labor & management 3.06 3.98 3.16 2.53
Total exp less govt & oth income 2.76 3.70 2.85 2.28
Est. labor hours per acre 1.20 1.12 1.19 1.13