Crop Enterprise Analysis
Farm Business Management - Moorhead
Northland Community & 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 77 12 16 16
Number of farms 63 12 12 13
Acres 419.86 305.75 359.66 315.28
Yield per acre (bu.) 55.54 46.65 54.19 61.20
Operators share of yield % 100.00 100.00 100.00 100.00
Value per bu. 4.49 4.23 4.46 4.55
Total product return per acre 249.55 197.37 241.91 278.53
Miscellaneous income per acre 1.34 0.55 1.04 5.23
Gross return per acre 250.88 197.91 242.95 283.76
Direct Expenses
Seed 13.33 13.85 12.66 12.24
Fertilizer 46.43 47.30 44.45 44.27
Crop chemicals 19.69 24.03 15.05 13.79
Crop insurance 10.47 9.88 8.93 8.35
Fuel & oil 12.17 12.96 10.17 12.07
Repairs 13.18 15.87 12.73 15.03
Custom hire 1.47 1.13 1.18 1.47
Land rent 71.69 71.37 74.63 67.80
Machinery leases 0.19 1.42 - -
Operating interest 5.84 6.65 6.71 5.59
Miscellaneous 0.57 - - 0.24
Total direct expenses per acre 195.01 204.47 186.51 180.86
Return over direct exp per acre 55.87 -6.56 56.44 102.90
Overhead Expenses
Custom hire 2.02 1.66 4.32 0.18
Hired labor 6.39 6.20 6.23 5.07
Machinery leases 1.02 1.10 2.19 1.04
Farm insurance 3.42 5.59 2.39 2.53
Utilities 1.96 2.08 1.74 2.03
Dues & professional fees 2.68 3.28 3.21 2.51
Interest 3.33 3.22 3.82 3.42
Mach & bldg depreciation 11.26 13.69 9.45 9.80
Miscellaneous 2.42 3.38 2.88 2.69
Total overhead expenses per acre 34.49 40.21 36.23 29.27
Total dir & ovhd expenses per acre 229.51 244.68 222.74 210.13
Net return per acre 21.38 -46.77 20.21 73.63
Government payments 14.55 13.91 14.51 13.66
Net return with govt pmts 35.93 -32.86 34.72 87.29
Labor & management charge 17.07 20.40 15.36 16.35
Net return over lbr & mgt 18.87 -53.26 19.37 70.95
Cost of Production
Total direct expense per bu. 3.51 4.38 3.44 2.96
Total dir & ovhd exp per bu. 4.13 5.25 4.11 3.43
Less govt & other income 3.85 4.94 3.82 3.12
With labor & management 4.15 5.37 4.11 3.39
Machinery cost per acre 44.02 50.54 43.53 42.54
Est. labor hours per acre 1.14 1.30 1.02 1.06