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

Soybeans on Cash Rent

Avg. Of 100% No
All Farms RR RR
Number of fields 44 41 3
Number of farms 40 40 3
Acres 464.68 475.29 319.67
Yield per acre (bu.) 22.77 22.58 26.61
Operators share of yield % 100.00 100.00 100.00
Value per bu. 6.09 6.06 6.65
Total product return per acre 138.74 136.86 176.90
Miscellaneous income per acre 54.55 53.66 72.50
Gross return per acre 193.28 190.52 249.40
Direct Expenses
Seed 34.26 35.04 18.42
Fertilizer 4.24 4.30 3.05
Crop chemicals 13.37 12.93 22.15
Crop insurance 13.02 13.03 12.73
Fuel & oil 7.89 7.86 8.50
Repairs 11.42 11.56 8.52
Custom hire 1.90 1.89 2.15
Land rent 67.98 68.02 67.17
Operating interest 2.88 2.97 0.99
Miscellaneous 0.58 0.60 -
Total direct expenses per acre 157.53 158.21 143.68
Return over direct exp per acre 35.75 32.31 105.72
Overhead Expenses
Custom hire 0.91 0.88 1.50
Hired labor 4.79 4.93 1.93
Machinery & bldg leases 0.62 0.65 -
Farm insurance 4.71 4.87 1.59
Utilities 2.06 2.06 2.17
Dues & professional fees 1.57 1.59 1.17
Interest 2.83 2.94 0.63
Mach & bldg depreciation 10.95 10.81 13.79
Miscellaneous 2.70 2.64 3.86
Total overhead expenses per acre 31.14 31.36 26.65
Total dir & ovhd expenses per acre 188.67 189.57 170.33
Net return per acre 4.61 0.95 79.07
Lbr & mgt charge per acre 16.18 15.94 21.10
Net return over lbr & mgt -11.57 -14.99 57.97
Government payments 14.63 14.61 15.05
Net return with govt payments 3.06 -0.38 73.02
Cost of Production
Total direct expense per bu. 6.92 7.01 5.40
Total dir & ovhd exp per bu. 8.29 8.39 6.40
With labor & management 9.00 9.10 7.19
Total exp less govt & oth income 5.96 6.08 3.90
Est. labor hours per acre 1.16 1.16 1.14