Crop Enterprise Analysis
(Farms Sorted By RoundUp Ready)
Soybeans on Cash Rent
| Avg. Of | 100% RR | No RR | No Answer | |
| All Farms | ||||
| Number of fields | 2331 | 1599 | 70 | 662 |
| Number of farms | 1445 | 1011 | 62 | 396 |
| Acres | 205.55 | 201.62 | 230.91 | 212.36 |
| Yield per acre (bu.) | 45.48 | 46.53 | 42.06 | 43.46 |
| Operators share of yield % | 100.00 | 100.00 | 100.00 | 100.00 |
| Value per bu. | 6.03 | 6.04 | 6.05 | 5.99 |
| Other product return per acre | 0.01 | 0.01 | - | 0.03 |
| Total product return per acre | 274.03 | 281.05 | 254.48 | 260.19 |
| Miscellaneous income per acre | 5.45 | 5.84 | 7.71 | 4.28 |
| Gross return per acre | 279.48 | 286.89 | 262.19 | 264.47 |
| Direct Expenses | ||||
| Seed | 30.54 | 31.74 | 20.41 | 28.96 |
| Fertilizer | 5.36 | 5.36 | 5.06 | 5.39 |
| Crop chemicals | 18.38 | 17.89 | 22.87 | 19.00 |
| Crop insurance | 11.95 | 12.39 | 12.11 | 10.91 |
| Fuel & oil | 15.57 | 15.03 | 16.46 | 16.72 |
| Repairs | 17.81 | 17.71 | 18.38 | 17.98 |
| Custom hire | 3.04 | 2.97 | 1.81 | 3.34 |
| Land rent | 90.92 | 95.22 | 83.31 | 81.96 |
| Machinery leases | 0.77 | 0.98 | 0.92 | 0.27 |
| Marketing | 0.67 | 0.71 | 0.58 | 0.58 |
| Operating interest | 8.17 | 8.36 | 5.41 | 8.06 |
| Miscellaneous | 1.33 | 1.34 | 1.78 | 1.26 |
| Total direct expenses per acre | 204.52 | 209.69 | 189.08 | 194.43 |
| Return over direct exp per acre | 74.96 | 77.20 | 73.11 | 70.04 |
| Overhead Expenses | ||||
| Custom hire | 1.49 | 1.51 | 1.53 | 1.44 |
| Hired labor | 5.21 | 5.07 | 6.13 | 5.41 |
| Machinery leases | 2.80 | 2.87 | 1.98 | 2.74 |
| Building leases | 0.64 | 0.76 | 0.99 | 0.34 |
| Farm insurance | 3.74 | 3.57 | 3.76 | 4.12 |
| Utilities | 2.54 | 2.41 | 2.69 | 2.80 |
| Dues & professional fees | 1.39 | 1.40 | 1.86 | 1.30 |
| Interest | 4.94 | 4.96 | 5.99 | 4.77 |
| Mach & bldg depreciation | 17.78 | 18.56 | 15.25 | 16.28 |
| Miscellaneous | 3.36 | 3.38 | 3.54 | 3.28 |
| Total overhead expenses per acre | 43.88 | 44.50 | 43.72 | 42.47 |
| Total dir & ovhd expenses per acre | 248.40 | 254.19 | 232.80 | 236.90 |
| Net return per acre | 31.08 | 32.70 | 29.39 | 27.56 |
| Government payments | 23.85 | 25.06 | 19.56 | 21.59 |
| Net return with govt pmts | 54.93 | 57.76 | 48.95 | 49.15 |
| Labor & management charge | 22.17 | 23.19 | 21.65 | 19.91 |
| Net return over lbr & mgt | 32.76 | 34.57 | 27.30 | 29.24 |
| Cost of Production | ||||
| Total direct expense per bu. | 4.50 | 4.51 | 4.50 | 4.47 |
| Total dir & ovhd exp per bu. | 5.46 | 5.46 | 5.54 | 5.45 |
| Less govt & other income | 4.82 | 4.80 | 4.89 | 4.85 |
| With labor & management | 5.30 | 5.30 | 5.40 | 5.31 |
| Machinery cost per acre | 61.82 | 61.79 | 60.04 | 62.10 |
| Est. labor hours per acre | 1.78 | 1.78 | 1.78 | 1.78 |
| Copyright (c) 2005-2007, University of Minnesota | Data Source(s): | Minnesota Farm Business Management Education, 1317 farms | Southwest Minnesota Farm Business Management Association, 84 farms | Southeast Minnesota Farm Business Management Association, 22 farms | North Dakota Farm and Ranch Business Management - Red River Valley, 22 farms |
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Report Summary
| 1. Report number | 88078 |
| 2. Location | |
| State: | Minnesota |
| 3. Farm Characteristics | |
| Year(s): | 2006 |
| Crop tenure type: | Cash Rent |