2014 Minnesota FBM Crop Data

1. Crop Enterprise Information

2. 0
5
10
15
Corn Oats Soybeans S. Wheat Barley
6.13
3.53
13.34
7.70
6.81
4.02
3.61
11.38
6.31 6.28
Dollars
2013
2014
Average Actual Sales
Price for Various Crops
Northern Minnesota
Pg 27

3. 0.00
7.00
14.00
Corn Oats Soybeans S. Wheat Barley
4.02
3.61
11.38
6.31 6.283.49 3.29
9.78
5.56 5.28
Ave Sales Assigned Value
Average Actual Sales
Price & Assigned Value for Various Crops Pg 33
Northern Minnesota

4. 0
8
16
24
32
40
48
Corn Soybeans Corn Silage Alf Hay
4.01
12.59
39.66
147.35
3.49
9.78
35.02
174.36
Dollars
2013
2013
Average Value per Unit…
Crop Enterprise tables (Cash Rent)
Northern Minnesota

5. Net Return for
Various Crops (Cash Rented)
-100
-50
0
50
100
150
200
250
300
Corn Soybeans Corn Silage Alf. Hay
-70.24
91.91 104.71
189.30
-89.53
12.61
-38.39
265.40
Dollars
2013
2014
Northern Minnesota

6. Machinery Cost per Acre
Crop 2010 2011 2012 2013 2014
Alfalfa Hay $122.97 $134.95 $150.94 $145.46 $190.49
Corn $118.92 $142.37 $154.11 $152.35 $162.84
Corn Silage $146.13 $184.16 $185.94 $178.58 $229.01
Soybeans $70.06 $87.20 $88.40 $85.28 $87.39
Spring
Wheat
$73.46 $84.21 $94.18 $87.97 $86.33
Machinery Cost per Acre Pg 28
Machinery Cost includes: Fuel & Oil, Custom Hire, Mach.
Leases, Interest on Mach. debt, and Mach. Depreciation.
Northern Minnesota

7. Machinery Cost Compared to Iowa Custom Rates
Crop 2014 2014 Avg Cust. Range
Alfalfa Hay $190.49
Corn $162.84 $136.10 $95 - $175
Corn Silage $229.01
Soybeans $87.39 $121.00 $80 - $165
Spring Wheat $86.33 $91.25 $80 - $100
Machinery Cost per Acre /Custom Farming Pg 29
Custom Farming includes: tillage, planting, pest control,
and hauling to farm.
Northern Minnesota

8. Corn (owned) Pg 30
Net Return/Acre = $-75.40
143.4 121.7 128.9
108.5 118.8
415.50
465.97
530.74 553.77 581.67
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2010 2011 2012 2013 2014
Yield/Acre Direct & Overhead Exp/Acre
Northern Minnesota

9. Corn Yields &
Net Return per Acre (owned)
Owned Acres Yield Net Return
 2005 118 bu. -$ 8.74
 2006 111 bu. $28.92
 2007 107 bu. $99.77
 2008 123 bu. $37.37
 2009 126 bu. $17.84
 2010 143 bu. $249.14
 2011 122 bu. $248.53
 2012 129 bu. $320.53
 2013 109 bu. $-44.10
 2014 119 bu. $-75.40
Northern Minnesota
Pg 30
5 year Avg. = $139.74

10. 2-year Corn Data
2013 2014 2013 2014
Yield per Acre 105.4 118.2 108.5 118.8
Value per Unit $4.01 $3.49 $4.02 $3.42
Gross Revenue/Acre 494.27 521.63 509.67 506.27
Dir & Ovhd
Expense/Acre
564.51 611.16 553.77 581.67
Net Return/Acre -70.24 -89.53 -44.10 -75,40
Dir & Ovhd
Expense/Unit
$5.36 $5.17 $5.11 $4.90
Rented Owned
Pg 30-31
Northern Minnesota

11. Corn Inputs – the past 10 years
64 82 77 121 130 109 129 151 139 153
45 49 54
58 86 92 79
100 138 129
35 37 39
47
55 68 71
73
83 99
43 44 54
46
52 60 60
65
69
102
23 23 17
16
23 24 20
24
20
26
0
100
200
300
400
500
600
05 06 07 08 09 10 11 12 13 14
Oth Direct Fertilizer Seed Land Rent Chemicals
Northern Minnesota
Pg 31

12. Costs of Production
per Bushel for Corn (Cash Rent)
Direct
Expense
Dir & Ovhd
Exp
Dir & Ovhd
less Gov &
Oth Inc
Total with Lbr
& Mgt
Average 4.31 5.17 4.24 4.60
High 3.53 4.28 2.97 3.30
0.00
1.00
2.00
3.00
4.00
5.00
6.00
Northern Minnesota
Pg 31

13. Soybeans (owned) Pg 32
227.84
259.44
285.21 288.53 289.37
35.2 31.5
37.8
33.4 33.0
2010 2011 2012 2013 2014
Direct & Overhead Exp/Acre Yield/Acre
Net Return/Acre = $52.87
Northern Minnesota

14. 2-year Soybean Data
2013 2014 2013 2014
Yield per Acre 30.60 32.83 33.36 33.02
Value per Unit $12.59 $9.78 $12.52 $9.73
Gross Revenue/Acre 402.48 342.20 428.34 342.25
Dir & Ovhd
Expense/Acre
310.57 329.59 288.53 289.37
Net Return/Acre 91.91 12.61 139.81 52.87
Dir & Ovhd
Expense/Unit
$10.15 $10.04 $8.65 $8.76
Rented Owned
Northern Minnesota
Pg 32-33

15. Soybean Inputs – the past 10 years
39 41 46 46 50 49 54 61 66 81
12 10 13 23 21 21 27
40 35
31
48 50 55
74 63 63
78
79 79 62
29 30
34
38 48 50
51
58 61 64
17 17
13
28 22 16
19
18 19 21
0
50
100
150
200
250
300
05 06 07 08 09 10 11 12 13 14
Land Rent Fertilizer Oth Direct Seed Chemicals
Northern Minnesota
Pg 33

16. Corn Silage (owned) Pg 36
380.24
458.64 495.91 504.52
576.47
18.4 15.2 15.1
11.7
14.3
2010 2011 2012 2013 2014
Direct & Overhead Exp/Acre Yield/Acre
Net Return/Acre = $9.68
Northern Minnesota

17. 2-year Corn Silage Data
2013 2014 2013 2014
Yield per Acre 11.7 13.4 11.7 14.3
Value per Unit $39.66 $35.02 $40.01 $35.05
Gross Revenue/Acre 661.38 575.04 660.42 586.14
Dir & Ovhd
Expense/Acre
556.67 613.43 504.52 576,47
Net Return/Acre 104.71 -38.39 155.90 9.68
Dir & Ovhd
Expense/Unit
$47.68 $45.86 $43.05 $40.28
Rented Owned
Pg 36-37
Northern Minnesota

18. Corn Silage Inputs – the past 10 years
35 36 38 35 32 37 50 51 63 9034 30 41 61 56 50 58 81 90
8291 91 110
149
111 126
170
191 184 199
38 40
44
56
59 63
68
74
88 95
25 25
25
29
25 19
22
28
28
27
0
100
200
300
400
500
600
05 06 07 08 09 10 11 12 13 14
Land Rent Fertilizer Oth Direct Seed Chemicals
Pg 37
Northern Minnesota

19. Corn Silage –
Assigned value per Ton (cash rent)
20 21
26 28 27
30
38
49
40
35
0
10
20
30
40
50
60
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Northern Minnesota

20. Alfalfa Hay (owned) Pg 38
233 248
302 302
380
3.6 3.6 3.3 3.3
4.0
2010 2011 2012 2013 2014
Direct & Overhead Exp/Acre Yield/Acre
Net Return/Acre = $337.71
Northern Minnesota

21. 2-year Alfalfa Hay Data
2013 2014 2013 2014
Yield per Acre 3.50 3.69 3.30 4.04
Value per Unit 147.45 174.36 153.38 176.49
Gross Revenue/Acre 524.28 646.88 520.81 717.56
Dir & Ovhd
Expense/Acre
334.98 381.48 302.28 379.84
Net Return/Acre 189.30 265.40 218.54 337.71
Dir & Ovhd
Expense/Unit
95.83 103.40 $91.64 $94.13
Rented Owned
Pg 38-39
Northern Minnesota

22. 32 33 35 35 38 36 45 55 64
84
17 17 18 25 26 24
31
44
49
39
67 69 72
95 79 85
114
121
127
148
1 1 2
2
4 2
3
3
4
6
0
50
100
150
200
250
300
05 06 07 08 09 10 11 12 13 14
Land Rent Fertilizer Oth Direct Chemicals
Alfalfa Hay Inputs – the past 10 years Pg 39
Northern Minnesota

23. Spring Wheat (owned) Pg 34
307.94
251.76 266.18
329.01 320.40
46.2 52.4
62.4 66.5 60.2
2010 2011 2012 2013 2014
Direct & Overhead Exp/Acre Yield/Acre
Net Return/Acre = $32.83
Northern Minnesota

24. 2-year Spring Wheat Data
2013 2014 2013 2014
Yield per Acre 65.7 62.4 66.5 60.2
Value per Unit $6.32 $5.56 $6.24 $5.62
Gross Revenue/Acre 422.88 361.53 424.55 353.24
Dir & Ovhd
Expense/Acre
355.27 351.33 329.01 320.40
Net Return/Acre 67.61 10.20 95.54 32.83
Dir & Ovhd
Expense/Unit
$5.41 $5.63 $4.95 $5.32
Rented Owned
Pg 34-35
Northern Minnesota

25. 39 44 49
72
90
67
90
104 102 95
12
13 16
28
20
17
25
25 25
23
20
17
23
27
25
25
29
29 30
29
0
20
40
60
80
100
120
140
160
180
05 06 07 08 09 10 11 12 13 14
Fertilizer Seed Chemicals
Spring Wheat Inputs – the past 10 years
Northern Minnesota
Pg 35

26. Net Return
for Various Crops (Irrigated)
-100.00
0.00
100.00
200.00
300.00
400.00
500.00
Corn Soybeans Corn Silage Alf. Hay
31.35 49.95
221.38
426.10
-79.26
79.37
181.74
478.01
Dollars
Northern Minnesota
Pg 46-47

27. Net Return for
Various Crops & Assigned Value (Organic)
-200.00
-100.00
0.00
100.00
200.00
300.00
400.00
Corn Soybeans Barley Corn Silage Alf. Hay
358.22
273.51
64.71
-118.12
181.99
11.38 27.10 10.01
61.91
167.74
Dollars
Net
Return
Value
Northern Minnesota
Pg 44-45

30. Break for the
next presenter

31. Crop
Enterprise
Information