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

Wheat, Spring on Cash Rent

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

Number of fields	80	13	14	14
Number of farms	65	13	13	13

Acres	417.30	357.93	441.07	469.68
Yield per acre (bu.)	43.19	38.71	40.77	50.64
Operators share of yield %	100.00	100.00	100.00	100.00
Value per bu.	3.60	3.45	3.73	3.61
Total product return per acre	155.50	133.63	151.90	182.69
Miscellaneous income per acre	5.21	5.90	3.72	3.04
Gross return per acre	160.70	139.53	155.62	185.72

Direct Expenses
Seed	13.31	13.50	13.23	13.61
Fertilizer	42.76	47.52	42.04	42.79
Crop chemicals	20.25	20.21	19.79	20.06
Crop insurance	9.16	8.96	9.66	8.47
Fuel & oil	10.44	12.84	10.51	10.50
Repairs	12.25	14.94	11.47	11.93
Custom hire	2.80	4.51	2.64	1.19
Land rent	69.09	69.84	71.57	65.52
Operating interest	3.98	5.35	4.04	2.99
Miscellaneous	0.81	0.40	0.13	0.19
Total direct expenses per acre	184.85	198.06	185.08	177.26
Return over direct exp per acre	-24.14	-58.54	-29.46	8.47

Overhead Expenses
Custom hire	1.59	2.59	1.55	1.38
Hired labor	6.02	5.61	8.35	4.92
Machinery leases	1.15	0.89	0.90	0.36
Farm insurance	5.29	8.42	4.20	5.84
Utilities	1.96	3.27	1.72	1.79
Dues & professional fees	2.26	3.20	2.03	2.13
Interest	3.05	4.75	2.25	3.17
Mach & bldg depreciation	10.67	16.12	8.52	9.83
Miscellaneous	2.15	3.08	1.91	1.58
Total overhead expenses per acre	34.13	47.94	31.43	31.00
Total dir & ovhd expenses per acre	218.98	246.00	216.51	208.25
Net return per acre	-58.27	-106.47	-60.88	-22.53

Government payments	15.93	17.29	14.64	15.93
Net return with govt pmts	-42.34	-89.18	-46.24	-6.60
Labor & management charge	17.58	20.53	16.58	15.97
Net return over lbr & mgt	-59.92	-109.71	-62.82	-22.57

Cost of Production
Total direct expense per bu.	4.28	5.12	4.54	3.50
Total dir & ovhd exp per bu.	5.07	6.35	5.31	4.11
Less govt & other income	4.58	5.76	4.86	3.74
With labor & management	4.99	6.29	5.27	4.05

Machinery cost per acre	41.56	55.71	37.41	37.53
Est. labor hours per acre	1.16	1.34	1.43	0.95