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

Soybeans on Owned Land

Avg. Of 100% No
All Farms RR RR
Number of fields 24 23 1
Number of farms 19 19 1
Acres 188.86 192.99 94.00
Yield per acre (bu.) 23.20 23.13 26.06
Operators share of yield % 100.00 100.00 100.00
Value per bu. 6.17 6.18 6.00
Total product return per acre 143.17 142.89 156.38
Miscellaneous income per acre 40.57 40.38 49.78
Gross return per acre 183.74 183.27 206.16
Direct Expenses
Seed 33.68 34.11 13.30
Fertilizer 1.88 1.92 -
Crop chemicals 15.39 15.30 19.48
Crop insurance 11.19 11.13 13.85
Fuel & oil 7.19 7.20 6.50
Repairs 12.52 12.55 10.94
Custom hire 2.80 2.86 -
Operating interest 3.18 3.24 0.25
Miscellaneous 0.37 0.38 -
Total direct expenses per acre 88.19 88.70 64.32
Return over direct exp per acre 95.55 94.57 141.84
Overhead Expenses
Custom hire 1.79 1.80 1.18
Hired labor 5.03 5.11 1.16
Machinery & bldg leases 1.30 1.31 0.62
RE & pers. property taxes 10.38 10.40 9.52
Farm insurance 5.05 5.10 2.52
Utilities 2.56 2.55 3.01
Dues & professional fees 2.49 2.50 2.16
Interest 31.33 31.21 37.19
Mach & bldg depreciation 11.43 11.42 12.02
Miscellaneous 4.24 4.27 2.65
Total overhead expenses per acre 75.60 75.67 72.03
Total dir & ovhd expenses per acre 163.79 164.37 136.35
Net return per acre 19.95 18.90 69.81
Lbr & mgt charge per acre 18.89 18.70 27.98
Net return over lbr & mgt 1.06 0.20 41.83
Government payments 15.36 15.39 14.08
Net return with govt payments 16.42 15.58 55.91
Cost of Production
Total direct expense per bu. 3.80 3.83 2.47
Total dir & ovhd exp per bu. 7.06 7.10 5.23
With labor & management 7.88 7.91 6.31
Total exp less govt & oth income 5.46 5.50 3.86
Est. labor hours per acre 1.33 1.33 1.54