Crop Enterprise Analysis
(Farms Sorted By Tillage System)

Soybeans on Cash Rent

Avg. Of Moldboard Chisel/ No Ridge Strip No
All Farms Reduced Till Till Till Answer
Number of fields 2407 55 1181 87 20 32 1032
Number of farms 1442 35 785 48 12 15 578
Acres 202.86 83.96 222.52 136.06 137.82 148.00 195.28
Yield per acre (bu.) 45.23 52.16 45.53 47.75 45.06 50.87 44.40
Operators share of yield % 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Value per bu. 10.64 10.49 10.68 10.67 10.66 11.32 10.56
Other product return per acre 0.03 - 0.02 - 0.31 - 0.04
Total product return per acre 481.26 546.94 486.53 509.48 480.81 575.84 469.01
Hedging gains/losses per acre -0.60 - -0.35 -1.70 - -7.83 -0.71
Crop insurance per acre 6.34 1.09 6.52 6.80 36.10 2.17 5.91
LDP income per acre 0.00 - 0.01 - - - -
Other crop income per acre 0.87 1.61 0.99 1.91 - 0.21 0.65
Gross return per acre 487.88 549.65 493.70 516.49 516.91 570.39 474.86
Direct Expenses
Seed 49.24 44.75 50.41 49.37 42.95 47.05 47.95
Fertilizer 11.14 2.36 10.58 23.16 6.83 15.05 11.32
Crop chemicals 21.93 29.40 20.80 26.69 22.81 27.31 22.81
Crop insurance 15.66 14.25 16.41 16.15 14.24 14.83 14.72
Storage 0.44 0.69 0.45 0.46 0.77 0.08 0.43
Fuel & oil 17.66 18.74 17.25 14.76 15.98 18.63 18.33
Repairs 24.40 24.51 24.36 24.62 35.90 25.24 24.25
Custom hire 5.09 10.08 4.56 7.29 2.49 5.73 5.54
Hired labor 1.40 0.24 1.57 1.30 6.70 0.02 1.16
Land rent 125.82 143.83 132.18 147.39 156.70 142.60 115.02
Machinery leases 1.53 0.94 1.77 0.17 5.70 1.39 1.25
Utilities 0.40 0.29 0.46 0.28 1.94 0.19 0.31
Hauling and trucking 0.72 1.65 0.89 2.23 1.66 0.36 0.39
Marketing 0.81 0.45 0.76 1.73 3.00 2.84 0.76
Operating interest 6.24 6.89 6.32 4.19 1.82 6.82 6.28
Miscellaneous 1.49 1.61 1.52 2.10 0.65 1.00 1.43
Total direct expenses per acre 283.95 300.67 290.29 321.89 320.14 309.15 271.99
Return over direct exp per acre 203.93 248.98 203.41 194.60 196.77 261.24 202.88
Overhead Expenses
Custom hire 0.61 - 0.61 - - - 0.69
Hired labor 6.51 4.42 6.70 3.86 2.30 10.10 6.43
Machinery leases 3.05 2.37 3.06 2.88 0.00 3.67 3.09
Building leases 0.89 0.05 1.02 0.62 0.12 2.59 0.74
Farm insurance 4.51 5.79 4.52 4.74 9.95 5.38 4.37
Utilities 3.05 4.04 2.83 2.43 3.62 4.40 3.30
Dues & professional fees 1.91 1.11 1.86 2.62 2.99 1.93 1.94
Interest 4.70 5.47 4.53 5.98 1.89 4.68 4.86
Mach & bldg depreciation 26.19 25.37 25.94 32.78 26.98 35.58 25.91
Miscellaneous 4.42 6.25 4.44 3.95 2.65 9.93 4.28
Total overhead expenses per acre 55.84 54.87 55.49 59.86 50.51 78.27 55.61
Total dir & ovhd expenses per acre 339.79 355.54 345.79 381.75 370.64 387.42 327.60
Net return per acre 148.09 194.11 147.91 134.74 146.27 182.97 147.26
Government payments 16.95 18.89 17.16 19.01 16.52 19.80 16.45
Net return with govt pmts 165.04 213.00 165.07 153.75 162.79 202.77 163.71
Labor & management charge 30.26 40.24 30.76 36.98 40.21 47.31 28.45
Net return over lbr & mgt 134.78 172.76 134.31 116.77 122.59 155.46 135.26
Cost of Production
Total direct expense per bu. 6.28 5.76 6.38 6.74 7.10 6.08 6.13
Total dir & ovhd exp per bu. 7.51 6.82 7.59 7.99 8.23 7.62 7.38
Less govt & other income 6.99 6.40 7.06 7.45 7.05 7.33 6.87
With labor & management 7.66 7.17 7.74 8.22 7.94 8.26 7.52
Net value per unit 10.63 10.49 10.68 10.63 10.66 11.17 10.55
Machinery cost per acre 79.79 84.93 78.82 84.49 84.60 88.24 80.41
Est. labor hours per acre 1.70 2.34 1.67 1.84 2.03 2.57 1.68

Copyright (c) 2005-2009, University of Minnesota
Data Source(s): MnSCU Farm Business Management, 1360 farms
Southwest Minnesota Farm Business Management Association, 82 farms

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Report Summary

1. Report number 192794
2. Location
    State: Minnesota
3. Farm Characteristics
    Year(s): 2010
    Crop tenure type: Cash Rent

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